, 1869-08-16
MONETARY AND COMMERCIAL.


SArCKDAY EyEkIsd. August IL
TIE ktAfratlon Of nus!npss AMI plethora Ut
non,y 1naJ be rrsnr1ed as over for this year,
1her.' Las been Il trsctpt,b|e INCREASE In the de-
na;td Tor tonns s'nce this time last week, and the
depoe!t lines Of The banks have run down cnusid-
erati5, especially durtug the last few hars. The
nsubl tall mnsetleAt u currency from New York
to tie " eat has atho hfR1u 1T earnest, and sle-
tween fsr',tts aud s4tx',vuS was ordered from New
iUEE by b&uEh ID this city tu-iay II thete IS 8ny-
tiLg Ike propo1tlouate dem1nd from o'hcr
We+teuI cities, The dsai1 Of currency frnu New
YORK Will be heavy enough duEng next
week to make mnney scarce IN that
market, aud c31se further depress,on IN
pnces Of government i,on'ls aud railkay Etorks
In this n!nrket money continues easy Jet. hut
tAe actiye tinpln, Iuett Of noxtinG capital In tho
movement of the crops, ant1 thc drain OF currency
tast Ens now set ln, 10th to the Hext and South,
VIII hecrsA41tl Ealt money tight teiorr the cIose
o.i.c month. our new Western connect,ons by
tntans cf the Pncinc ltallroad will alto legia to
haze IN eject upon the general money market be-
sosr louK. Muury Is stringent In Collforntn, and
nus btcn no lot sc,ets1 rloathH, Gud thr5e Il a
str Tx desltc III 6s francisco Atl other Clifor.
3!nn cities to have gstenfaekS for cHTency ~ u
snteHs Of relief. II the nat!ona1 currency shoad
to isorteh there. II would cause tEath of green.
l.cis to CalIfur1lEI, which. tu conjunction With
that to the SU'th, would make currency sca1cer
ineEt monty.
Loans lot long terms on real estnte nre easily
III eutIated Ut from 10 ~ pet cear per aluuu,
MI. Il t.uHe1 "a coIiu4iss1un added, MAKING the
mt cost to the borrower for Hutus Of si,UD 10
t..M0 arNt nj TT 10 per cent per nuu.u.
Slnallrs suIuA for shorter pcr:Jda Gust from ~ to
.:h PET ceut-
I he movement oE currency from this CITY TO
thc cuCn;1} continues 70 iacrs.asc. ort.era were
larrc to-d1y, and currency was getting scarce,
ihu':gh the receipts on next Monday uu the heary
U1derB of tu-say -ul IL. likely to make n tcntpo-
rary plentiful supply 1T the beginning Of the week-
There has t'een complete turn Ii the ex-
changes during the week, and Itc price has graau-
ally run duwn irum par tn aln1niny t., sl-2s dis
count to tla}- 4 good many sa!cs, however, were
ululc 1T lilo dlstount- Al tbs counscr bankers
Are bei.Lg to customers u i.r and taktng q. 1-1U
discount
Eoua. have declined one per eenr, and go't TWO
pel cett, during the week. Thc decline III bonds
Is tlue to the Increased nctls,ty OF money IN New
YurE. The decliBe III Ga.t is e4uscA by the ILL.,
cFense Of pFonuce e1|0F1s The selatise prices Of
bouds IN New York and London, Also new afn.t
tLctr Icing exported, which Il an additional rca~
teu for lower Price for gold. II tue pss.setk
Gathering prospects of foreign tr1dc Eho1d IT.
realized, It is not improbable that gold will 70
below l30 within The next tEo month";. In 1ae
csent Of surh decline, the currency quota.Lns
f5s ltI,Is would also decline, though IheIr rrlce
!u gu.d IN fnreEn r.arIcts, might rcnaln 1En1.
should there te u comparatively pesmanen: de-
cine In the pnce OF Yahl, prices Of breatstuds
aud o.her products tt4t are larStly exported
wotld also feel the c.fett.
7tr manager ot sttr Clearing House furnishes
thr following rerort Of It's business 1or tbt week
ErLIr kr-fF--