, 1869-05-28

The t1{yt thing that WILL strike the attention Ia
tie at,oSe liable u. Tax both boads and 2.ceu-
baekr measured BY the gold standarI had d.
c.ined On May %, as corzra,ed with thesr value
on April 1. lfHtu also bc noticed tsat ne value
Of e1eepl.acki n1A declined more on the aetn OF
May than bonds, though this waa due noEe 70 las
excessive speculation IN golA, which ran up the
price 70 laIt on that day that II WIS understood 10
be a temporary 1nnstiou which did not Acct ot:-
er prices At once, a,ld the prices Of nucds were
therefore not accurately measuEed hF IL Inc
greater decline shown nt that tE.e n the
price Of bonds In London than IN New
York wAA probably due. to the fact that 1t
was IN London that the whole pressure WIS
brought 10 bear that carried = decline IN eond6 Mt
all. The recovery in the gold value OF bonds IN
both London and New YORK to-day. from the de-
prestioa Of a week ago, shoxs ttlst the pseasa1c
BY trc Bank Of England has been partially re-
moved, Notwithstanding the blus+ef Of the Lo.don
Tine, atolt putting the rate Of discount up IN
"ten per cent IN oste1 to discourage tagcstnent
u American securities. The continental markets
conttrne to absurb n tmlueusc amount OF Cnlted
sta,ss honds, an! shesc ute ali supplied from the
London market SO large bare beca the remit
tances due nom Frankfort TO London on this se-
count that on the l4th exchp7ge on
London Eas quoted At Frankfort at
1sA German coliars), pree, 6ays
the London Tinea, (which has not been
reached before IN ten Je.rA" These facts show
that though tho hank of England nay make sen1-
porary raucs In the rt1ee q Elutd States bonds,
tust snch Us the one which noF Beelns 10 be paaS
i1g away, she cannot check the Investment Of
continental capital IN fhem aud consequently no.
even that Of her oxn people. The result will b.
that Cur bonds Win continue to 60 abroad as long
AZ there are any In this country; for, when these
bonds get nbove par In gold, European capitalists
eon ndor1 10 Pay higher premiums lor them than
American inyestorB because they ne content with
smaller percentage Of return on the money To-
| vested than American capitalists
! The local money market continues Veil supplied
| With fnnds. aud borrowers who produce the
proper eo!!aterals ind no dttcul:y IN getting all
the accommodation they want al ten per cent
The active movement Of currency from New
| YORK herc. and from here 10 the country, Is the
| most prominent feature In local finances 1ust
at p1rsept, The amount beng 8cAt out u nothing
Ike ix1ge as In the usual spring aoh fall busi-
| ness hu1 Is more than Is usual lust n: tAs Season
| oI the year. Tie farmers, however, have tttu
holding back larger proportion than usual OF List
| ycaT's crnp, on account Of the low prices fof
grain, which scarcely pays them fer raising 4. 1
portion Of this Is Eo' IT ginning to come ilso liz
market towns, and makes the Present telure"
ments for currency in the country.
Exchange continues weak, being freely SOLD bS,
tween baats al soc per n 900 discount. cnd rnnof
Cd sales e. 1-.o discount At the coaatct, ,at
noEltca rate for sriiux to c.ttol.eEs u 1:0 preml
un. though some banks are sEGd.pS th2. price Il
favor cg huyc.e Rates for bnJtng Of cusso1e,!
vary from Ito 70 i Oh On straight sight ttsla OF
New YORK. .atn bills on :iev Tosk, $! - per si0e'
! OF; grain bnls On buffalo \ to ). oil. Soue e1
ccrtional saies i, heavier discounts than ttea
wcsc male but 1ot considered the rnatset rate.
Dealers quotations tov buJ11S a1d selling gov
| crumens bonds, local stocks gold and silver, i
the market, this afternoon, were as follows: