, 1869-06-08
MONETARY AND COMMERCIAL


MdFn4r EVENING, June :.
The cotton crop Is subject Of vtta1 interest," not
only IN view Of the tact tnas good crop Of cotton
implies better cousalupttre demand "a that psrs
Of the country for the brexdstufs and pso7is.ocs
Of the Northwest but also IN REV u The necessity
1o1 cheap cotton 10 keep the balance Of foreign
0ade nom sccumllstlo1 against NJ C1dtr orit.
uai3 cucnuSsAnces. preTfous to the Eu1pcnaion OF
speete pnJncnts4 ta1Re trade balance against ns
on1J Indicated that re had bongtt good, to =
Greater amount thaQ We bad eIpcTsed domestic
Products, The d.EefcnceSoctwecn the aggregates Of
sha TWO being continually paid tn money. Bat now.
odf Circulating Medium, being practically confined
70 IA hredeenable ra2er currency, docs not clscu-
lase abroad, and the deficiency has 70 be n3sAe IL
sairnoats Of gold, Which, BY making it scasee1 IN
thc Market. fncrvases its price, and cause a de-
probation tn the rafue Of the cu,scn,y. About
cnrhasf Of the tntal yalut Of our auuras cxposts
0c1tng the paAt few ycxrs has been represented BY
Cotton, about dae-tita by gold, aud aboat cne-
eighth hJ brc3dssurs these being the tfree largest
Items IN the e1port& From these II VIII n ,pncc
o. seen Nhat Al Important psf1 good cotsoa crop
plays, not onsy IN keeping the balsnce Of tr4do
frcm snc1easlag aEatast ~ hat II everything con.
nected with the ra!nc Of the eurrencr, add with
lat prospects, bS any resumption OF Erecte ptf.
tnents By the government. Any deficiency IN co.,
ten exports must ot uade up b. go,d exports, and
short Cotton crop would Imply high price for
neesed With tho prospects Of the cotton crop as
compared with pstT.ous years, IA OF interest 10
every business man throughout the coantrr, ann,
IN thlEconnecton- u correspondent OF the New
Tork Skipping Lit wrl.cs Is follows regarding the
prospective crop Of 1863:
The planters made handsome prontA from their
crop OF list yea-, aad have been able 10 purchase
tatEtr qu11uty Of fertilizers than has cyc{ lsecn
before imported into the South. The freedmen
arc working quietly and well al over the sauthtrn
fT4Ff M p ffr%n nH1Fr thz- =
Viii Ffphahs conttcut to do g. tnless fnttt1ere.i
with ny politicians for political ends The posltion
At present Is then As follows:
.-..-..... Aersx
Number Of ac1ea planted LAST yeA.. f,6oAyoe
Ten Per cent Increase III ARA, 1SEs $4,000
s,en.oo
... ......-... BalkA-
At an avcIagc Of hale 10 Actrs .pOO
poVef oi lsaa ron thc gse of fesstsizsTss smoo
a1o,0oo
To loss Of ten per cent isum injury to
Gor ;so0 ooos sStnS. nS..->....-.-......-. go
2spoe
Ecn3tor spssg1e, however, who hos lust re-
turned from The South, gives It "A hts opinion that
tho crop viii not ot over two and 4 quarter nil
noua Of bales Last yexfb crop ~as tEo and 4
half Ia1lliuo4 but N Of these figures sre t,u sar
behind TIT crops trst previous to the Eax, The
crop OF 1853 - wxs <Ss1 COO bales, and nauy pcr-
tsna think that the ehkuce foz 4 resqpp&ioa Of
specie pa5meots by the govstnment depends upon
renewal =; tnes3 crops and corresponding tn~
cYease III exports. Anosher festure, however, Il,
that while our cups md exports have decreased
In the rAilo mentioned, England has been enaca-
vue1ng 70 rrndeT he1se1 Independent of Us By
Illuminating the growth ot cotton tn other coGn-
tics and The result has beeu that white The COT
Ton supply Of Eurs, Braxn And lnt1a for Eugtxod.
amounted n 1850 70 ,ez than soo,ooo hAles, four
| 5ea7 1ktgr these counties seaf to EnSlAod
LIE 600 bales.
| Tne week opens with II Arst7c demsnd for
money in the ,oes, uoartsA Tho han1s a<e lend,
nx ffrety, md though scsue Of theu ny Their g.
Etegate u Ioans Il higher now taa1 Il suy pre-
.tors period tnta Jesr, sney aze wea supplied with
funds TT Ftotu present prospects It sacn,s tGoo.
she that, shoosn money MN be quite SAG for ,he
Eexf mo months, ths1e VII tc co Euch rfethosA
" eaosspplea sanas, eaag u this uuus a n