, 1869-11-22
'si0NETARYAND COMMERCIAL.
MONETARY.
SATURDAY EVENING, Sov. %

GAIL MAY LtE3&FSt -Sot- 2xt
Thc enpdt:on OF finances asd nj trsde generally
reuAiLs very much tie f.me as At the beginning
Of The we'll In general, money Il ushr, and
tus'ccfs tn nearly nj ceras eu's OF sra1e. except
the rsckIls o1stlcsa, dTsgs for wac. OF rridr
f1n.1s. The merchants nrr ee.llrV good us2y
eoNds, but hare 10 10 II largely m credit, rs they
lad that, sheusn the country !fonparausc'S bare
ol goods, the cuGctry merchants eacoot collect
money TO buy for cash. There IL 10 doubt that
MONEY Ia much tighter Ia the country in-u Il Is
here bus II is CURIOUS to note hnz Eome people get
the cart tIose the horfh when they attempt tn OK.
plain the cause Ct tae present unsatisfactory :ate
OF tbi1gf, We md the Psona Transcript
tndalRIEg tn long grcnh!e nt Chicago
hecsuse money IL tight, not only IN Ch'caFo, hat
N tie country generally, aad assigning the rrtt rs
The pt.u Ary cause Of tho inter Those who
would know the real cause Of the present "h3rd
tines" mutt lonk further than ca'ca9o ana with
rn1c comprehensive view thas th1t nac:o one
which relcrs all changes tn b1a.Eesa pio.2ccts 70
the volume oI the currency. Fur the laAt two
years sN thta:s hare bcea ft7e for a general set
I.irc down from the lasated rr,ccs that we're tu-
tuetL uy tic III. .It the r4oye:aect dll cot te-
rIn natl, iA+4 pr+teLt slsaiitant crlpa VI bread
..us, rot Only in the Cnt'e,l s'aie. hut IN nearly
ull rnsta ol the world, rnde universal loR rrce
i4E lrt al. That IL the gfea. clrcaMstancc which
has iI1AuR1rssed tic cAls%c- While II
reduced The colt of lT1nz to the
1Ac:ory upeta'!rss o: Ecr:an,i. It, at
tit s-Ie tInr, reinr tie roasuaptire demand
III ltllR CluLuy fus ho.h foreign AID domestic
manufactured eoo'ls. This f4l'i1g OF III IT,. con-
EcnrtiSe d-uuua for Gons, vas .eu'c'ed back
Lpon The foreign 1nI dnnestic manufacturer,
and Ii ;he of cut .ar.tutra, Aas A11a re-
ltc.eA Lack nE,on The cn.oN pludHcerA, an1 60 on
;EGIc i.nHeacea are reelected Lace and fotta be-
t.e,1 c4E.umcr and Irolsc.r, unlA almost all
descriptions OF property hA7o !c!t so:os effect
trdit IT. THIS n,4ln rel3u1 why lo6neI |, tight In
The Northwest at the p7e-cn: line II thar her
rr, at s.ar.e, Hhrat, hears n.usTa!ly 1ow price
IL cstrJ CO.'S a1n ug Inafke, ID the wesl AMI cuu.
Aclaeltiy, tLAt, tut ~lttssaudins the abundant
r.n; Mi that has cen n:a1kees VI II ba@ Soil for
~Grv !it:tc money IN the ac-rt gate. nol fhat tho
t.l1tcj q. p1ices Ut culut.iitcs g"a.r1 y u IN
tylut,athy With The tendency 0I Prices Of bsead-
s1Grs there can be scarcely doubt
The loan Q! hrnk tunhs 10 cHs'0rners, fe%!n1 70
| Hc nuN a nutier gogcsltl 70 t1c!u~.re!' by 'hc
value CT The aprucalte accouht 10 The bunk, that
| 1uctat,cns Of &aus rated furnish M tr3'ahe
.tatrprd for the general N4rset, nnA while q
| roed any hoirowers get money Mt 10 per cent
| t,f ar1Eu, ~t hear Of irSsaLcc5 v here parties.
| wru make r7peE equally soo4l are pairing lrhu u
10 per cert ttr Tonth.
Tie couctr, cElers 10. Currency have fallen I'd
| Considerably lur.: IT,. tlfteE FhrT Of the week,
though ilt out All ilo~ still 10 c1et4I OF tie
| iEEux, a1l TIE furrlY OF currency mere IL very
! .cuEay, 70 much 20 thst some 4tEouats VIII be
t.!eft d t.otl New TurE to-day, ta arrive next
! 71e.ias. ......... .........
Exchange "a scarce, aod, sut Tor the nrce%s1tief
Of sonc Q. tie hs,ks that arr Obliged TO sell ts
ret Tie cnrEt. " 10 uac, n un1 t.t at ntc;ltiun
salts w.1e taIe ". 1ceu hanks 'n-.ta: ~ ce1ts
Ter 81 ,t4h discount. Az she counter. bankers sel
rt lin ,,ren,iurn. aul bny nt Lilo discount.
Thn sock Eenrd has not had very 1u1lant
career this t1r>t Etek OF is existence TIE
! ,..a11er Las l~en txtt4Dei& rGtaIaslofe to even
tie rest eS,shn.ned branches of hue,ne-s, md has
| lttn yuls cuasly ItrErss!us 10 the new enter
| Prise. Tho uneatl.tactorg cood!tloo Of 6aancei
| ti,y feIItss.s tie speculative sp1s:t rs walco
1 suca lDst,tut.ors exit The TRANSACTIONS to-tiay
| xcfc o.lJ ro1iral.
Tac following :a.lc gtvs. dra'ess' q7o.at.oas ia;
,n1,rg a.d sc1tcE government honfs, loSa
s;ueks, gold and silver. IN this Il asLet, this after
| p1on; tie seul-nDnnni interest periods Of the
I a.. 4 & s,-n Ju,,I,1 ~ r ~ 10 ntEENs