, 1865-07-18
r,, r. Ruylng. Selling.
INe.r. Nenucs.. ..........It} JIG
4eA'c oF'lee..- ...-..... q q 9Tl

~.
-Mf' EEls, President Of the secaud Natonal
Bsri, re:eiTed dispatch from Jay CSoke on Sat
urday Lncrnoon. statsng that only about forty.
i've nloEs ef the ssr- -n-Thlrty Loan remain un-
gold.
+ '-Aesars. Preston, Willard i K.au advise Us
thst tho seveu-Tbisty loan Mtl: probably ali be
taken this week, az only about forty millions ~.
main uusold. They arc bnv7ns an nctvc dema.d.
ftth from ttose who buy to reselI and from In
vestors.
Tho Cincinnati Gdz<ffe, commenting on the
proceedings Of the Detroit Convention, esys:
It would fe difficult to tell now whether the
Convention favored or opposed ship canals, OF
gTociy treaty. Congress cannot reie. 10 tho ac-
tiun OF that body for Information ether Ut the
interesting sus5ects. md sns p1siic will look In
oas 7nd sttkd by the clear, prsctica! bus.
insts mi1ds Of the nescaants an1 m.nufacturets.
q ,9;ei w9'e inc W. largely COMPOSED
tbsy sotd before the Convention asgembled, and
except IeF the eocla1 enjoyed, plels-
thanse Of cheers for the PRECEDENT OF the United
Stats: and Queen Victoris. nothing would have
betn l1st II 1t had not met at all.
The sales Of tobacco at Louisville for The
months OF Msy and June Aggregated II 30 hogs.
hesda. reQnlrtrg the disbursement Of 3l,s40,i9o.
In St Luuts On the 18th Inst. Eastern ex.
change was in h*tttF supply 1t lilo discount buy
ing and par selling.
The creation OF Sati: nal debts Is nok mod.
eEn improvement, but the ability Of 4 great Ma
ton to provide for grenr deht and to make 1t
the most convenient and hest form OF personal
property fa modern wonder. Tho debt OF
Great Bsitain vas begun by raising million
sterling by loan, in 169a, and when her great cou-
te=t With Louts NV WAS terminated, the debt
had reached dfty millions. At tue coee OK her
Sapo!eonsc wars, In 1915, when this gum had
tTEIIRd tn the n3U7 nY nht
hundred millions sterling, or four thousand three
hundred million dollars or nearly one-half the
entire property Of tbs. United Kl.gdom. tie
stoutest heart, the nrmest believer in Nattona.
prprrtss and Nanosal Development might well
have been appalled,. But in the very face Of this
mountain Of obligations, to sny nothing Of her
vsst eollcnial possetsions, The property Of the
n.ttth nstlon has been more than t1eblaa, and
her debt Ia now . charge Of but la} per cent.
The Boston Rost Of The t4ta mus .spo,ts tha
money ,nstktt:
Money continues IN pretty good supply at the
banks sid IN the outaide MARKET, but the demand
late. There ii no percep,ible change IN rates of
Interest, either lor ionns on co,latstsis, or for
aieconnta OF notes. The best indorsed four
nnmseF of csli loans, II ths sst eass, a. vera aa
made al O snd in sone exceptional case, at 8 y
.ent:. L9.ns, M borrower, On three months tine,
Although currency is so plentiful At present,
II ia liable to fecome se,rcer, tn case ths subscrp
aone oo 9@e1 Tc
drawing towards eomple ton. The Fndden taking
Of t1he fematning one hundred millions OF these
ness Ia monty matters, md advsnss IT, raes of
fos dit count and demand loans.''
In Nav York foreign exchange Is dali, and
the rates favor buyers. The leading drawers SAX
for long date sterling 1903 s1s@1oet, but good
la-1x ~at ~