, 1869-07-31
MONETARY IND COMMERCIAL,


| A4AAS I.t ESlhu, Jus{ IL.
| TtcIe has teen rIalIed falling OF ho.h In sc1-
cEal tuentAA and III financial tF1uslciious during
The laht fe8 day., so Tint In d business point Of
View cycfylhtng tfglna 10 wear ,hr;!Fows5lIs
which In former se1s0u4 has Enul1lg begun IL
Jnne and laBted unit! August This season Il vas
deferred 80 long ~ the marketing of that portion
If the Sfain crop which Eaa held over. and hT the
movement Of the wool clip, that most persons had
ttcun to think We should have pono Of The usaal
summer stagnatton OF bngfneAs or plethora Of
money. Like the heat OF Hummcr, hon.
rsr 1t WINS ou!y late. and has conc at
last: trade IN the stoses, aud transactions
at the bank c1uhtcIH have d!m!nIshed perceptbly
within few days past; borrowers arc few and
f0aDatlc rnnd5 arc getting lLsgustlng'y plenty at
most Of tho banks, and particularly 80 at those
which nre NOW paying fonr per cent md upwards
on balances Of country banks CndeF these ctr
eumbtances Nil borrowers who produce the
proper colaterals experience no difficulty IN ger.
ting mohey. TIE rate IL nomIaaliy ten pcr cent,
Int for good thort-ttne Ioans that Inte would
probably he shaded. Notwithstanding the pres-
eRt abundance Of funds, ercTy one Ia expecting
close money maItct b. tf1c let Of September, and
bankers prefer to hold large surplus OF Idle
funds until theu to letting 1t ont 1T low rates for
over thirty da}a.
Exchange was very flrn to-day at par. and there
Ia go little making that some Of The Usual sellers
hEtC IS2AntlE ~ Deli al kH34 lllACs III 4ESAlu W
counter rates the banks have agreed to disagree;
some arc ceiling to their customers at the counter
and rem!tttng for country bauks at par, while
others ase charging 1-1a premium. The general
rate for taE!ns New YotE bills al the counter Ia
lilo discount.
There yas another large a1lrnncc h the prlce OF
government tboI1s today, equal to pycf
one per cent on the whole list Of dlE-
ferent Issues, and this time, uul!rc the I'D.
4f 10
b5 corresponding advance in London Of !. nf one
per cent IN gn!a, which Is M unusually large nd
vance for that market In New York the new
s-eOs hive now advanced per cent since the soth
OF JunG In London the quotation to-day IVES
S5.f, against So. yesterday nnd E01tIon June 80.
II Will he eeea that Hhile the adrance In New
YORK has beeu per cent in crrrencr IuriaR the
past month the advance In London has been
eqral 10 e:5 in American gold, or cqu.u 10 near,y
So IN currency !n New loEk+ The foreign market
Ii not set MP 10 price ut wlI'ch annhf eau lie
probably shipped. ana the price Of gold, conse-
qucutIy, remains tFm.
In connection With tho proposed sales OF gor-
eEnment gold ty the Collector Of Customs at this
port, to Importers, TO ccablc them to pay duties,
nc find that the brokers generally deny that there
ia ordinarily nny scarcity OF cash gold In tnIs mar
Eet for that purpose. Some OF the principal deal
ers in coin Fay that the demand has not been suf-
AGiGAA sN& 1AA1 VI wv FASt ~ ttiAAG II uCLE43alJ
to bring gold o9t iron Few YORK; rhat
on the contrary they are shipping gold
every week TO New York at cost
OF &4o0 IN gold Per sl,HD, for express
chatges. which IL cqual to e-s0 per cent IN cur
rency on the gold; and that 1t "a therefore betur
fur them 10 EEL gold here to Importers or any
other purchasers at 4 OF eTen Y under New YORK
ralcs than TO ship 1t. Nc know that Al times this
u'atter has tcen represented differently, and It IL
f.}r
ha.e been elected had 1t hot been for the pro-
rcsal of the Collector to sell government gold to
Importers Rt NEW YORK 1atcA Al all eEents, 1t
v III lie we'll for importers who have to purchase
Lold for duties TO lear this In mind when thev
make their purchases.
The nrst perceptlble results Ia the way OF tsnae
from the o1.ening 0! the lacldc lssslway, are IN
lle butter anu fru!t trades The retailers al
about tile ctty nre now supplied with stocks Of
calitornia fruit from Sacramento nnu MaEJsy1rc, |
and as the freight tar1a on thc.e has been re-
iuccd TO sne at whch the nftccd OF ftu:t ID this
market will Justify permanent suprls, 1t may bc
expected that, gradually, the fruits Of California
Wilt re.uc2e all the minor channels Of tho retail
Trade 10 the atl}aecas country, and th8i, !
Tor CONSUMPTION In this anu suIIoupd- |
us markets, California will speedily
become competitor ol Intlana !
and southern lll'uos. In the butter trade Of tho
Eastern S.a1ca d complete revelation has been d.
r1d5 effected Hlthtn lie last TWO mouths Hero
otolc New York nas sent latse quantities Of but
ef md other dairy pEotiacto 10 California ria tho
sthnlus but tint trade ha4 sccn entirely stopped |
luce .he opening OF the Pacific RAILROAD, aud
considerable shipments Of this class Of products
'8rc already been luado from ChleaEo and
Erbfta,ic 1cId Is open to Chicago dealers ID that
lue. These arc only the nssi beglnnlngs Of Chea-
% ira1c with tho Pacific coast, which viii, uu-
dcse;op in other Is unexpected warE
Two days ago re mentioned Tint an unusually
dangerous counterfeit $50 crceahact had been
en-! from New York 10 Washington Tor c1nmIno-
lu1, anh that the c1rcrts we're sbunt equally 'l!-
lIcd IN thets opinions ns to whether 1t waA Eeuu-
nc or not; hut Washington telegram to the
Philadelphia fn7"irrr SAYS that Treasurer Spin
cr md several experts pronounce II the best c1-
cutrtl counterfeit which hai ever come under
hLiF uetIec; Indeed, there was some difference Of
ptnion as 10 tts being counterfeit csen after its
prface had been closely scanned With d powerful
Microscopic. 1t may be known from tho rcnotue
. tclng more dtnls printed. as II 1t hsd been one
i tie last Impressions OF 3 large Number; hat ID
il other respects It was difficult to .llss!ngutsh 1t
RON the good note, with which the comparison
7as uladc- Treasurer Sp'nnrr pronounced il
ountcrfeit, which settled It's status.
i}cslers' quotations for buying and selling Eor.
irnrni bonds, local stocks. gold and silver; In |
his Market, Ibis G1teinoou: