, 1869-10-26
MONETARY AND COMMERCIAL.
MONETARY.
MONDAY EyESR1. {

MONDAY EyESISGs Oct u
The corttton Of finance. nnd trade remains
oopNant'ay the sAur A. at the close OF last week,
except conc !tcrease Of 8cilsty ID the gram mar-
ket. accompanied BY Grner pziees. AT the banks,
hoseEeE, hutness continues Gull The demand
iof soans IL comparatively light, though, II II were
Kfta1ef than It u, the bsnks could not meet II, a.
kte1r knffCs OF loapsh1e bonds lover than 1:
l*n Gays asn. II the EasteIn aud foreign markets
'ef QIa1n feviec Bulllc1enu5 to thke oG increased
snsrneutd OF grain before The closing Of take nava
gst1on, tic money mSxtet here viii eIpereucc re-
Hel Proportion 10 the shipments, Int the whole
Ho31 Of the preeent condition Of th&uGs IL
Known III The Price O! New foTk exchange
which Continues At from &c to toc per 81 quo
premium, Instead Of ut o heavy discount, a. Ia
oAly the Gaze At this sen4ou Of The year. Cu-
!s3s The hhtpmeata OF grain Increase considerably.
LEGAL capital, both here and IN the country, wu ba
as eaeetusliy locked up As though It
were turned TITO cur1eccy and the
latter locked up In bank vaults, after
The style BY shsch the Ne1 YORK cliQues produce
sf'inc'sl tt'sngeney " Locking mp grrenbaeks- It
ooea Iot make great deal OF d,1ereuce whistler
lie grain IL held III Our cfy elevators, Or IN the
warehouses at the railway Atastonl or even In lhe
1a'ners' eina; rs loE2 as Il Las not passed ~ on
us way 10 tde consumer, We ieel the effects OF tae
ssasnasioa N ali branches Of trade. and graiua!
ApiFoaeh of ssftnRercy In the money market
inc FORWARD movement Of grain by t,sln3 time
bills. Sueh merchant borrowers, also, as nre en-
tilted to ACCOMMODATIONS, get them without great
diicI!'y. inuugh Utmost All Other descriptions o,
1oaIa arc TeIascL In the open market there Is
yet Ct nsdeIatle fenl estate and other speculative
paper 1t from CO days to SIX months, which L Of
fGre1 ut from ~ TO per cent per Eou.a.
Exchange sas sold tetwe cen banka to day a: s9c
per sl.Na premium Al the COUNTER bankers sell
NeE SnFt III nr ~ f,,,v
ra< 10 lilo d!scolut- Buffalo hIIs are taken nj L
10 u on.
The Yale Lock Manufacturing Company send a
circular to the banks throughout the country, nc
kIowletlaing lhns thctr wellkroxn "iale LACK, "
30 largely nsed By the banks. has been open Ell By
Ar. Sargent, a competing lock Manufacturer
which fact the comrauy Accept As psout tna. .neir
.iccf Is tot brrgssr-proer
There has been a noticeable decline tn the price
Of United States ooLsla tn foreign martets during
the last month, which Is not fully 1caccied IN the
American cur1e1cJ Tquotaiiooa- On October
the Lonuon quotations for hoods was
as follows: 1s6s., s44; 1868, 81 lsd7s,
s.; 1905 1G The present Prices
ase: 1s5Es, sl7.; lsso+, 61:a; ls&,s. say
lt4c:, 80: thowi2c '!ecliae on the 'd.i nt %.
ctts III su!J, ald on The 'tas OF ~ IN gold
Counting the interest thas has accrued rlacc Oc
:uler ], tie decline CT these two tssaes OF bonl
ID pE} %GNa ~ %uE pllGS W EHl-
: ia Low oply one per cebt higher than on uc,u,4
/ I, and ths currency IN which bonds are 1nptet
+. ttiLs so Etally Of the Batne guild va!rc How a
! shen. tt would seem sha. the New York quo.a,ioa
: Ahonul rtfcct the large decline Ia Loudon, tao.9t
they DO Lei 1t Il not improbable that the 5eciE,
III the price Of boE,Is in foreign nntkets has tst
greatly Aat;ttl ~ Tic view which TIE English josr
h!s iiaye Iii teen taking lately of The vast to1aca
:naef ol tie SGcteta:y of lac TEeas.rs. 7"Tnl
| Incredible po@ct nf the American Chancellor o
The Exete1rer. Il the t.!e ut receaf a;ticlr II
tie Lot hon Ec,,.,,nsAt On The eubtct Of the r.
! c.llt gold panic: la Stw luEE- After n4,rrit:;i
that thr EH.l:rh Nstion would deem It mos. eStfI
0.lila-r AID most I-erncfons II Nr. Robert Lose
| '.-e Chancellor Ut The Eschcaucr, eoa,i excite O.
| r1sn the fpeeuatous In Lontoo, tae E.>,H
contend. that Mr. Eout xcll, uu,ler the Ereeuo1cl
| system, lIss The power TO MAKE the rEce Of guIt
| what he llcases, well as the r1:e OF tuteses;
| notwithstanding that the Ee'n'mi<t Il still 10 tn
t.ark III reEard 10 the actual p1kt taken by Mt
! 1ioItweI III the recent KAie of four millions Q
gold to stop the gambling speculation IN Set
York, its Criticism on the iporslpa:e power Fes:e
IN the Secretary OF The Treasury Il valid. 1t says
'Ts'.. largo aailF receipts Of the customs ar
laid III gold. and i tEat gul Ia kept III the frea.
WS amt Ent sGll, the pf!.ec OF E0'h can ". FALSE
u hEh al fhf government likes. -ir1.E. 1t n
government rrss accuur:,tc IatSc Suck ot Gult
:slA shrn sell Il for Eterni'acky It eau raise IL
1.ttc o1 init rst ~ h,vh III 1t wtssscs. Theru n
! Uoncy At New frrk but crccEtacKs.' aGu D
selling E",h ard ke+rA1S the paper ts.d fnE shs
rtli, nu.ey eau IN tEa!e Eca7ce at Will The gos
| trntncn; IN Eut low going t0 ID 20: hut they NJ
! Iu'nr 10 EEL roid 1uu bur ronls Niih tne E0nes
| but they could ito 1t, and 1t Is the most cxtr.
traosGiaAst lNSrr etsr conferred on any 1aFet1
mept- No I1rancc Minister in Europe tver W;
the uuArclal depot that Nf. boutwell, Is
.amrr1Cs."
Ii Is altogether probable that these nnd f,n!ls
osinlont t1prcskG7s h} other foreign Journals Lu
lug the ra>t mouth hsve create, feeling OF ins,
cuTtF In regard 10 government as0nds, whic
woL1i natarasy Rrow o1t OF The new impress0
lL4t The frances Of the county wErr con
plc:e'y lr the contrn! Of one mat Instead 0! 1t
whole people. THIS We hare auoiher OF tho c
iec'H Ut The great gold speculatiop.
Tic IoloH Ing tn..e gires dealers quotations I.
husiuG ard selling government hon'i., !oca, STOCK
gold MD silver tIts masktt Tits Aiteruoons Il
stl1l-aunual intcsctr periods Of thu United STATE