Financial Affairs

THE MONEY MABKET. New Yoek, Sept 22.- The Btringency in the money market here is discussed from varioue pointe of view by leading bankers and merchants in interviews with the WorUl. There ie a great diversity of opinión as to the causee of the existing ecarcity of money, and ecjnally wide differences as to the remedy. A majority of the gentlemen interviewed appear to think that relief can only come from the Administration or from Congress, but very few of them seem to apprehend a serious financial crisis. Washington, Sept. 22.- From date until October 8, the Government will pnrchase United States 4 io per cent bonds of 1891 and 4 per cents of 1900, to be applied to the Binking fund. The 4 per cents will be accepted at 108.4 and the 4's at 125. Washington, Sept 23.- Bondsof the value of $3,494,700 were presented at the Treasxiry yesterday and purehased. The Government's offer has given mnch eatlsfaction to bankers and business men, and its effect on the price of stocks is of a hardening and strengthening character. . New York, Sept 24.- In their weekly trade review R. G. Dun & Co. note an improvement in the New York money market, arising from the Treasury's new departure. Theypoint out, however, that bond purchases can not be expected to entirely remove the consequences of i-hort crops, harmful speculation, over-haety development, or the change of active into fixed capital. Money is reported close at Chicago, Cleveland, Cincinnati, New Orleans, Kansas City, Omaha and Milwaukee, and collections are reported "slow" or "only fair" at nearly all points. The movement of general merchandise isjess active. Failures in the United States and Canada for the seven days numbered 183, against 187 during the correspondmg penocl ot latst year. Washington, Sept 26. - The aggregate amount of bonds pnrchased by the Treasury Saturday was $1,900,350, includlng $522,620 4's and $1,377,700 4i2 per cents. New York BOld $662,850; Philadelphia, $15,450; Washington, $20,150; Boston, $922,000; WMiamsport, Pa, $100,000; Pittsburgh, Pa., $30,000; Portland, Me, $00,000, and Topeka, Kan., $140,000. The offers of other cities were of small amount Applications for prepayment of interest on $20,000 registered bonds ere received at the Treasury Saturday, making the total to date $95,632.150. . New Yokk, Sept 27.- Secietary Fairchiid will return to Washington trom this city and resume control of the Treasury Department Thursday next The Secretary eees nothing in the financial situation at which the people need be alarmed. He thinks there is a good outlook for the f all and winter's business, and that merc"hants and manufacturers are hopeful.