, 1869-07-16
MONETARY IND COolMERCliIn


THt'Hshlf EtFtilHE. Jhif IN,
The Ints ,noApt ,ua& krs ipsalats III 4,'sal sn'a'Iy
thh sHI4dlinh - tnr Tho raat len 'tn}s. aI"l
Hlaltea kctleratit atln IN ll#sn er,tlrt nwn 10 n
tfn.it a,t,.llnt. Nrh IL tic At tho s'aa s,l,.
lntt atnMt1ah.i Ut lsst.et MT shall lt'tsl's 41f
aEatM tusS hrnl, III thr KaAtEh tfilrs tn"Iars IL
Ptt.ity raIultntrd tu What Il Wis Two Hrs4s hH".
lc ,l4aga bring alt.t'utot 10 liss prnsl's"i!F1 Es.
It 4.u ~ lhlttA Wltl',hs af 'arfrnty during tllc
mat thtea H4ets Ii, thu saitIHat arehhHsy. ait IL
tt,. te.ease Of thn New Ynrk money niAkAtt tEIIn
1hr r4.nirn! 1t ths laurefr, lnttrF
thB tanurnet ii thcsd ctfc1!mstunrea HnheJ
wilt tc1laps he eAAlrr during lha next thtco weeks
tlan during any nthes HE period between h!a
md ncxt srr,ug While, however, money Is ltkrly
10 }o comparatively plenty during the rcst OF the
ptrsent mnn:h It II ID no such abundance Al IL
b<en usuhl In tho corresponding seasons ns past
year.. The roattng ami circulating capltai Of Tho
ccuttry IA dispersed orcr SO E,uch greater extent
Of tet71ors that them can be 10 such sleshora
nen.n "a vas witnessed each summer during tho
past few years. The extended Circulation ot the
crr.cpcJ has for tho present Tho same pract!ca'
eject In any given locality as i con-
tsactton Of lsh whole volume, ana this,
for the present, places the mone5 natkc1s
Of al the principal cities m tho cootro2 Of tho Sec
rctasy Of the Treasury aud the cl1lnes Of New
YORK money lenders But tif VIC .aoold haTc lAree
GRIPS to uose this fuu money vii te tighter than
te;;al evcn II their operations should t'e IL :he
opposite direction. In short, notwithstanding that
the next three weeks, Or month. nlr likely TO be
EASY, the present aspect Also promises a uocsaa
A.t:uEency II the tall.
| At prrscnt tae hanks here are loaning freely to
these who pct up good collatcza'E. and are takns
COED two-r3uc Paper st 70 per eeat. Merchant;
t.Et!!tl to accommodations al&o get them .. The
sHIe 1uie. Thrtr tg, however, m Unusual nInaual
Of speculative md rca! estate paper accat IN the
] inafIet, which Il tafcn through brokers 1T frou
~ To- yer cent Ter month. -.
Exchange was lower to-day owing TO m tucecase sed
| s1rounf en- The market frpn produce shipments
! sales were made between banks At e.c rcE :! ,os
discount II tho counter RATES ncsuan unchanged
harlera selling At LILO premium and buying at 1-lt
] aisrornt for New York funds
| The London quotation tor bonds Today was eaa
| against s7Ft yesterday. In New io.k tie quot1
lions are 1Gst shout The same es yesteruas.
| The railway stock tnArkes 1hoWs aou1e symptom:
IT speculative 1cElEal, the principal garabl'Es
| stock. Neg Iogk Central. hayiEr sfvanced fro:e
2a6 yesterday 70 2is to-day. None ol the othe'
Esocks on the list show the same strength. though
anT Of them are cheaper at their present prices
| The price Of stocks, however. ts controlled b.
| srt,culs1!on, a1d cot By their Llste1d ray n
| yalnf.
II Is alleged that, Notwithstanding thas oesta't
] opocJpEal capitalists get all the odun Of tai
c!lareGs Of u.uss Ia the SeF York r1atket, aud
A.c called " Sayocks, etc, that TIC b2n&s OF tea
| cIsy reared as much henent from the recent eS
tottlonsie rates 70. money ns coy. 4 hint of hoT
they lend themselves AID theft crcdi; to tat
| srhcMcs Of the Ezarc:s nay tt o5ta!pea fro1 tat
following. trola tie Dassaa 4lt.t:,.rs tuloaey hi
.,clc) Of Saturday.:
| "SoHc OF TIC banks rcrc visited this moIutnl
| hy ctrrrss agents. Eith drafts drawn By tinks II
! SrT Yorx. to: wtteh grccnb1cke we.c demanded
With orttcfs TO Fro,cst the dratls the legal leu
tc5s were not forthcoming. The n.aster VIC
!ooItd aron u (7:l:set k1:-1 Es4c.ice, bas, no:
w,th6:Auc.ae The peculiar chEra lie. Of tho tra77
eciion. NC understand tho dra1ts Wcrc Prompt.
I ra!h, although sotnc Of the Institutions lad laFE
| credit bat1.nccS IN the New York hanks 1t !s SIG
Grs.e .iGt ti!s 1noycneut Is in lac Interest Of III
'iocknp' combination III that city,
uealers' quotation tos ersiag and selling So