, 1869-12-23
MONETARY and COMMERCIAL
Monetary.

WEDNESDAY EyKNffs- INC Il
The rzos, turortaus featarc Ia connection Wita /
urarces Il thr dtcltrt in The rrtee of the great
.1ar,c Of the Sor,aWess-wteat-1neE gold vAlns !
Of which Ia new much below the average Of |
1nte t<Tnza pE.cte. Heretofore for mouth PAST |
,be decline IN the prize OF wheat has been ehsehy
tetntnnl e4tts u.aitly sae reduction tn currency
rr,crs d ade tecesxay BY the decline IN Eo1d. |
Eus the present decline thosa that IL p1ce
Is going ooua faEer than the p.tte Of gold
oeclne.. The l:yEnct,on Is Important, becaust II
thovs that lie magnitude OF the cop ts ~
element OF rrsa;et weakness IN its pf.ce
thxn aDy that has been impaired 70 T.
By tne dec,:1e IN gs:d, AID. consequently.
ira. INV ten rorsry reaction IN the price OF god
would Rave but 4 !n1t'td ecet; to adVarcs sao
price OF WHEAT For th& lass mouth The ptice Of
wheat nas cnJ been fot:o.inK the price Of ao'a
hnt COW II dechnes independent Of The decline u
gold, Al ~ - the loeA Interests OF the North
west are aopceKnef, ths weakreaa OF the pfsce OF
wbtas IL ur1c1sana.e, because it shakes eonn
derce tt ii! bQs!re1s a.d neabesal operaloos and
tenrf eses tradc Stnera1|- 1ts fnGuecce, hoF.
! ever. Will not be confined 10 thlS section Of Nc
county nor 70 the pree Of whea: a'one- 1t Will
ae .e1nea betel That the etst decided decline IN
tie rrsce OF bteAds:uEs, In the eafif part o. tae
fel, wnen Il n:st pecaue cersa.aiy Known thss tne
pntat crop woa!d be u1ususiiy la1se In al pasa
| ef Tie world, was the fcreru.ner OF the decline
| 70 ,be nssce os coiau a1d imported cos.oa goods,
AID rfaily OF The pr,cc OF god. An5 pet1aEens
ecct,I E IN the rneeof e1pottAble ptoduea IN snis
eo-r{ry mate. then uoTs Ayal16e for e1pors7
tor and consequectk cseeks tie expozsaeoa et
! pula IN prooosuen: !: ta4 1Astet Of eoafae cecaaes
fl rT,ee and thls decine tn Rold u again reelected
| n the tfrlrkin6 It currency prices OF
| couu q1ltte4 II VII thGa os secn t1at
q decline IN the EAl yalpe Of export.
able proencts u the ne,s Of \ decline u sns
yp!d PREMIUM, zId ihst Ia Is the cause OF the
| shuplese tn romlnal prc.t IN dtprtcAied CIT
! r.pcy. Tne rossha crop, wN.sa Is the ro4s .sa'
por,sns clement Of al IL tais ccrpee1io7- Il
u rox believed, VII txceed Al fosn'el
essto.ates, End viii reach n.ar three n1lou bliea
; Thee, xscnc.fs nole pctetI thAo tcss OF Coz
xrese, ard Eore comprehensive .hsa Ia casseaa
plsns Ct poituc1an1, ase forcttE oar EnAne'a
nnaus hopR the Fcad % s1e.ss resumption IneA'
e, sxc.des, however, wIl rit feallI Aeconplsl
. specie resumption for "a. nj less Congress III
| wtntes takes ecue positive step ioFAsd s1FlnR U
J currency On 4 soundtr tasas teAa The ptesso'
! oY nc &c, to male the SA'iocsl Banktse u " 4ee
= hasae The tecpttty Of the sufreccJ ca the st'
i ratu< OF the bonts deposisd with tie tnlse
s,arcs T1es.urer, and II the ure time, rro<id'o
| roy The rtz1oAl retirement Of tue greenosct
Cyte.a eou eih,ng 10 tbs eted y doue. tnt fuaE
Il eocc Of these araudaut crop VIII have eeeo e.
!. peuced xtthoo. permanent btotd- Se1t epf1c
y The +1po1.x Of psocu-ts will 'an OF. and the e
| rertI OF gold will revive, Eh1cl VIII poE tbe p.s
"a of eoh, hack to 1tn- Everything CONNECTED vi!
J! ! nnarers 1El rcat1 70 III 1utUd fnh4ha cseo
Z ton. The Ero1pd oyer rh:es We have t'Avle'
y, from geld II l40 TO the present po:ah VIII naFe
r. b travelled oser asata- Tbs d.suess vn1n =
se uereautne COZ c7ntty save expcsfeeeso IN
D. 1,tr 1h,ec 1rcrtns I'll, have been 70 no pu'Po'
= md III hare to Be endured Secoud tot- i!
- | tnts tan he pyeyeetet, AID the progress taat
eF am sty teen ESQ toEard s9ec:e rr.umrt1o IN esa
- serr,rd cors1s VIII only act In the matter u
~ | -Intkr.
.. .. the foregoing Was written yesterday. before
s. rad fcro cnau .ssicner Wells report 1n look
cd oyrr 1hs, pduirAple rcvtev ot the vto>e IN sec
- t,,pster, p c,d tbe follow,pg-Eus:ea peEa1
-. An rth sro-aud taking rho s4Ie vte@ hea
~ the csnaipry Of tue rntreaotile Interests
y tsr Obliged to esyeI Asatn oves preesey TIC .
- S.,,ess,ne e1onnd that sheJ a1e EeE tAseu
~ tyer. unse+a Cot eses1 ActA I.ts <intre - see,
n II benefits Of the prtsent AhzsakASe II INC u
for ron Of ps,ces ny putting the currency 10 ?
70 uon 70 that IL ga prrares. only ID one direct
tas .pd that los a1a pas II xsld Nj. NtEA s4's:
10 EuI II rt4uife4 60 SIT of prophecy 70 l9s
4 thsy tDe county mu.t soon cxpe1te e1se ~
.re | ns5ctbipe Itch contraction cold en- A.. Ra1t
c3ltt Srt1pp Atd the Qlt19 45a Dol tn+A u eouI
IN ! tunu be secured Of tos- 1t Is cuotAns nfe
rax rnces IN slEno6: eSer. department ot tndosfy
~ sooner or later ee DISTURBED y Gsnaay - -
e., t-Rc:4-p would rt4 ntre-1ht or1y M1efenco D.
| u I mat Ii The ore cAsr Temporary n1sdene y
[sV mlt.ed so tor permanent relief 4 Rfcts g
Sat ard n re other It 0ul ne Aadesed 70 10 potp
nnh md the e41SeA which -ptrdace4 AA 09chta
- III. H. koEIt- tTs-- al t.s