, 1869-07-14
MO NETARY AND COMMERCIAL
MONETARY.

TFEspAy EvINIE1, Iuly Il
rn. .1f,v,.f In the local money market continues
4o.t about tho game rs yesterday, ana the saue a
HrrInr la,r week. We md In certain quartc11
d,;nosit,on to represent the market as being On
me ycrrc Of str,ogeuey. To particular bank, that
hAse happrn-. 10 hare an increase Of calls for
tuor.y frotu their particular set OF customers,
1t may haro appeared 40, but snch il not
tie souc Of the general mArxet at present.
nor does there seem sun1dent grounds
IN the present sspect Of things Tor expecting guch
= condition soon. Eren tho TACT that certain pa'-
tics who can mike goad paper, and can give SUM-
cicnt coIiateral1 to UaEe the papc1 atcurc, shpud
now be paying from X 10 per cent per month
Tor money, Is no evidence that tho general COM
mercIM market for money e "tght" In times OF
ordinary activity for money IN teis market Erca
raies are alTaJs paid On f'ontAide" paper, BY
~outsne" paper We mean real estate
paper hxrtng from two 70 Elk
months to Hn, End tunumetahle other
varieties OF paper made By spectators who are IN
no regr.ar bnsineA1, who do but little business
With the banks, And who therefore have none OF
the claims On the banks for accommodation that
merchants have whcse average balances arc .
source Of proat to the bank1. The Latter a!Ass Of
customers md no dinculty In getting money At
ten per cent ....
The movements Of currency between the city
and the country are IN general about evenly BAL
tnced Yesterday there w8s more sent Oot tnah
was 1ece,yed to-day the proportions arc tust re-
yersed but neither Of them are Of sufficient im-
po1tauce to indicate q decided movement Of cul-
Fcucy In either direction At present
Exchange whs tolesabiy fIm to-day nt &c PET
q 600 premium between banSA. At the counter
bankers were selling At 1.10 premium for New
York fuods md buying At from par 10 lilo dis.
count -
The advance In the price Of bonds IN the New
York narket sincc June 30, has been sH per cent
In currency, which, With gold at 1sT ls tribe
over sx In gold. In the BAme period the price Of
uonds in London has advanced from 80t<, on June
50. 10 se to-day, which Is an adyancc 14c-addiug
the exchange It Ia eQual 10 on advance OF 1.ec
In that market II Will be seen that the advance
has been nearly two per cent tgoldl more In the
New York market than In forrign mafkei4, and It
Is apparent that the foreign markets have only
partially responded 10 the advance In New Icrk
B.ncc June 20. 1--we tole shorter period, VIZ,
since Iasl Saturday, 1nd there Is even lesa coz
respondeace between London End New YorL
The advance In New YORK hA been two
per cent In currency, equal TO nearly
lxc IN gold, while IN London Il has onlg been &c
III the same per,od. Should the foreign markets
no; chow, before long, greater responsive nd
vance, tho inevitable equalization Of prices
vi! hive to be made BY decline On tois
aide. The high price Of bcnda now, also, prevents
their shipment 10 Europe, and makes the prospect
OF the remittance OF gold necessary In ita stead,
and Keeps up the price Of gold. ...-...
Dralcr.+ quotations for IuJ1ag nud selling GOV
eminent bonds local Etocls, gold and nlye.. IN the
AhI- .f$o