, 1869-06-09
MONETARY AND CON NERClAL.
MONETARY.

TCKspAr EVENING, June T.
Some weeks ago we referred TO the contraction
Of the currency, which WAS being temporarily pro
duccd By the eafea Of TWO mll1tcna OF Solo per
week by the Treasury, and showed that, no1T1so+
standing tho purchase Of \ million bonds per
week, The contraction OF the cl-zcceJ Na' gong
On at H.: t.:c II ~vcr million and hall PET
week :, i. -..hcT with the collection o! ue
lncor. taa had already hsd The effect to laereAse
tht currency balance OF the Treasury twelve mna-
lons between the 1st Of May And the LIST o. 'une.
and probably BY this time has run 1t up 70 fouftea
ullllIsns The withdrawal OF 50 hsge N
amount from circulation has already p9p-
duced III activity In money In Al fae pf1ne+
pal markets that u unusual II this season
Of the year, and which may sl"T my
strtnRency II tne contraction BY the Treasury II
continued. In most ether money mastetA than
this the st,ngency would probably have out lit.
tie upflyotable effect, because II ton 4eason o1
The year none Of tho principal crop mosffnents
4le In active progresa In other sections oI Tue
country. But IN tbs Northwest the nhnsualy
Iarxe remainder Of la4L Je1ra crop tnst was ne'a
over u now being moved. xnd there u very
large demand from the country for currency W1a
nhich 10 accomplish II These circanssanesh
| polot TO ciose. market for money here tn me
| near future. Far the present the baaks seem
| well supEued with funds, but the demand II IN
/ crras.pe frora nearly Ill departments Of uade Aae
Ieayes very little nnoccup4cd money OH theu
| hands. ... ...... .........
A singular fact, in connection with The elevate
monopoly In this city, Is thst our bankers nre nov
| rrcei, ing exchange on New fors from dozen1 0
little Interior towns In this State, from which ta
receipt Of Eastern exchange wAs q thing unknown
Until lately, and within the past week ZONE con
siderable exchange IN Toledo has begun 70 nppea
in tn,s market, On inquiry we md 1t comes fsor
| rstlNay stations less than q hundred miles Wei
and southwest Of Chicago, stations from Fhlc
| the rra1n has nIHaJs heretofore come 10 cMca9s
The shippers OF this grain hrd II most conscnAct
10 make thelI money transactions through IN
| city, and their grain would also CONS mere II
| shlrmcnt by vessel but Tor the. .e1tosuonsa !
etsrrcs G, the elevators. It may, therefore, I
oerented n fact that every one Of these bills
eYchanoe on Toledo, md also d large propoz1ie
ufttc hllls on New YORK, which come into II
market from the small towns OF the interior, r.
resent q shipment Of grain dsiVen aTsy ITO
. Chicago by The elevator monopoly.
Exchange IVES trmcr to-day, and sold betwe'
bapb a, q. 90 per q coo discount Counter nj
remain upcnapged bankers selling TO custome
At pss. and taxing Of them At $t9o 70 s1-oo on
; straight sleat b,1ls on New Tost, and Il OF
Bunalo- .-....,...
!. Corrtry orders for currency werc large ags
to-dav. and some round lots were rent OUT MO
| The lines OF the burlington sad the ROCK ls'A
= RoadA ..,..
: so5t, against sos4 yesterday. The 1ucsuasle
haye been se1y slight for the past Two weeks,
: the general tendency has been, and l. YET, 10
/ vance. .... ... ..-.-
Z . Dealess' quotations ts, tas!ns md selling g
!. | esuHcpt bonds, local Stocis, gold and silver,
u l ~ku III. Aff A fNllHK4.