, 1869-07-19
MONETARY AND COMMERCIAL
MONETARY.

EATEKpAr ETEH1k1 july II.
Itts srra1cn. that u deseondent feeling pervadcs
tho Lu8iueas community u regard 10 the prospects
Tor ian buHncAa The remarkably uaIavorablo
weather OF this nominal summer. which Affects
tic crops, d! coutse Affects ut tho saE,c tine tho
rtu1rect for pro1t Ia every branch o. uadc; fof
The chance th1t tho merchant, tho rnanutactuTer.
TIC lIintclnau, and cycu tho banker, Ahvo for
doing u legitimate and profitable bustoczs depends
at last urun whether the fAI.1eEs have money 10
rpend TIE trade O. 1ast fall WAS not sa,i4tac-
tory one, aud during tuis spring uua sonmcr tho
couit1, deu,acd for gco's has only been TOR the
simple articles, on which there u uat litle psout
tandc. Cndcr these ctrcu1nstAnccs, niaoy
merchants have cruuhrcd business under
the sane rate Of cx1cuscA that ahcJ Hcte Scar
ago when they h3d GTrts expectations OF large
crop good 1.iccs fos H. and rro spe!oas business
generally. This condition Of things has bceh en-
iu1rs with cunplacsney, In the hops flat The fall
srndr thI8 year would lc, .1oye prn1tatlc-a hope,
however, which Is not encouraged ~ the lower
1i.e weather that nov thna; sns iiir crops. Some
rrnchts Of business PIT bjrr31y seS1nnlpY TO feel
tic eject Of the u1fasofaele cE1p psosptcts. The
.uu.bcEpcn, particularly, end that county dealers
arc buying exceedingly light. nnd arc oel'scl 10
aayt ertt!L THIS put. latrl.eE dealers hrrc, n1i
aIke thc na1ul4c:.lrIs 'oI lumber, beatndaa4i,
Aui obtists t.cul 10 lea2 OIL tacir baokr1s. ln
,rcnetary point Of view. however, there
Is tho Eccrst.ty thct re- tam. to nothing elss IL
Tho SANE leGlrc, ,tL, that general acIcr@!lon u
c1ue.Lc r.cssure 70: nra!la3!t t1t4bs--hlca as
might lie expected rs The 7tstn OF aa u1rro. asie
.'u4ne.s this fa,l-tscally prevents Its oEn Accom-
pisstncnt, because ey.r5i uiy rrerAsts fer IT,
MtncJ confines 10 Nosk close, rs much. per
hApA IN acSotut Of .1e Waa; OF coz facccc Il the
tLtute On aeeouut OF at,y fcasc!ty c! tGuds. AL
the regular cusr.1r;5 Of b.nrs, 1.o 1uralsa sa1s-
!aco15 curaterals. get nlonry without dEc1i'y
III IL per ceut. Merchants whose capital Is 6Ll-
cdrEt to ssaraptec that TIE rspcf 4 IL bo promptly
q rel also get nccomrnodAt1oos on thetr OWE names
i, the rate. bet the banIs are selecting stth
crtat care, and taking unusual precautions %
kesp themselves secure. Eo.fo.crs who
have 10 get money through brpke1s IN
the open u4ar.e: harr to pay from 70 per cent
poT month.
There nppears TO bc latr supply Of capital to
toan On FIRST tclaAs rea! eS:.tc at 10 pc- cent reE
annum. For loans Of one OF Two Seatt. aadon
SUES Of from s, CO.. 10 Sa,Co1, 4 commission of
.lem to per cent Is added, making the ne: cost
to the borrower from u to 1eE per cent On
smaller loans and shorter time The ratcs ire high
CT. On larger amounts 10 per cent Is aoo1t rs
low o6 money can be haG,
The movement Of fuuts to and fTofa The co1n-
Try does not show , tEl1eicnt pyc1onde.a1cc In
either directtt 4 to eject the money ,n,1kcsto aur
cou.Idefa1lc extent.
Exchange continues wcaf, owicg chtenF 10 the
large amount on the market S3'c* were made
,bctnccu banks today u ~ - sc Fer sl.e1J dis-
count. Al The counter bankers arc selling New
York lrEds Mt frecl pAr 70 10 r1eEinn, Ipd huy-
ius aL1.l0 o1seoEEI
The RGyaare in govC.aEcpt PONDS which took
rlacc on Monday, Ia Consequence Of the AZ
rouncs ment Of Secretary Bout sen that he Eu1A
bur cletcn Eloas rante during July, has teen
fui,s sustained, and, though the foreign markets
bsye only partially Responded. 1t Il evident that
tneJ hnre been controlled. to eorne cxtcat, BY tte
advance In Sew Tctk. The Lendon quotation to-
day weS sss;, n-a*ns; ST. "a sa.rlaE, the lf:h,
show lce Al nlyarcc Of i1ic n gold IN that l5af-
ft:, tlt,nl tc ~ IN cr-:rTcy IN Stw York Th~
tIynLlc :Le l-;te: EstEe:, hoTtycts Ens Gccu