, 1869-07-10
MONETARY AND COMMERCIAL.

FRIDAY EVENING, JulYg,

FRIDAY EVENING, July ?.
Tie local money market continues only ioIcra-
t;5 We1I eGr.lcd With funds though the ItMlu1
cu.ltlnne8 to ,ncrc,He, AMI tho must " tie l,uls
nnd they nrr not able to accomn,o ia!c any ,lt
ihr!r regular customers, Ro that outsiders Lave 10
"sttn - around considerably, nrI. In sonc
Instances. submit 10 Bomes shave. 10 gtt
mrney through ,1oh.r1. Tho ~Aesseala
merchants ant lumLcrMcu complain moro
Il an usual Of tic difficulty o! making
cr'.,ci'nb In tie co'!ntry, and arc copseqnenly
torroEinR largely If ilt banks, nno getttng re-
neHns Of paper Tint ,ley nre unatle TO paT. The
uruEual condition Of tho Men York market duutox
trc rns: month has undoubtedly AFFECTED ouF 1nar-
KIT 10 Eone extent, by preventing our grain An1lA
lers f1nn drawing for cnsl' aud NbGtng them 10
druw time hills, which IL tue faric. In effect, a.
tonn by tl,t bauk leru 10 Tho Ecw Turk
cons'rnr". 1t IA nUw 70 late In The
senFtl lint wc shall not probably have any sutH-
rnrr %tAxnatiun Ut monry a. In past years tho
mhtnK of she wUUi erup will Fiji furnlsh sut'n
orrnpa,lnn for money fur eevcrnl wcekA ycl. and
70 1,rcp Mp IL hiutltfa4o nc'tslty compared With
rnul trMra At thia tiIn". fmt 1he thlA n lin
rnrE, tlrir lurp mt prcln Hruutlt tnr FnpppaiHR
thet Tin htllYity Will 'irsclup flto
.,rr iith h.tlnsrrry unlis TIN movement
of lin rtnpn ira,l IN tim lkttir
init II August. X, y rntk II t'w trr~lrlnR hn'h"
t1ttrnry trett, thu stnuth al l!.t" !rnm tnfinih
~ asn in ntIlRrh Ia trrn.n snio VI Tho ttlsfrn.
T., ht hhs i,rkt nV, ~ thai rir'nHAlAih"* M"
rntrf In, nfahIr Ia nm rnairs flnn"T 1Harktt Amf-
lnr l'Ip u mhIr,]rr uf I'm present innnth.
1tir 1ntn tIrrnt nf tu1rnr! IN mt hrhvy IN nhy
Iii, rti,M III rnnn,'tu with thlH rIy. hut III" III.
flns ttunt tin r1nniry tA IN rsrrss ri the NuH".
uni ,hr urt1 hey fur thr TteHrht " III hrtntnnlaln
hrrr.
Tsrhnuxc WIN nrintr ngnln lnalay. and sold l'r-
| t.aut / tDb IA nj nffrf HBfIq Mt SHt
H. Ntal 1ruInlHfn At Tho riDsr .! ihlRns#N therB
were M p.l1tr. ut that rale Al Tho Counl't.
hunltrs MtrR erilra :irH Yutk rhnGhs al 1-iH
,1Ft innts, anil iat4hA ut LIN tilsrUInt.
tiu,rrn,nrnt tonr!A wrIe higher tt'.day, In con.
a.trt pre- oi ,le rut'harrH u, III" Nnt1"'Ia Ircns-
'r,, nnd rnrlI,, aa". I" an taser rp'Ifon nl thr
:Srw YpFk npnly fnntArt. 1hr fflhR ~ cum.
plants IL the Hiahd J"t, hgRlnrt II" ~siI strrrs
n.ntrts n r1nal5y us ni thu rausS" that n tnah'
lir ntltY tarIrr Iltttr 4" 1ar.
Jir S.w fnrk ihrI III tho IN gives thr tai
Insttn ,trs,tirtIun 0t Tin now 'N""s "fxridf Of
| "In kl,Ia w iaoatr.' ..........
The rlltlur,, IT. luskns ~ money, have resnrt:
eli luh tallnr lrnIuu't Ptern ~ ntFatrf}. ~!
.ttf1stralr tIlu truth nj tho at1aEn t1lat ln MAll
street. W rae wrfu ntxca.liy ID thu ! hrr ~ liz
Mtll.d NIB their q rA IA teMilttt!nrnt t'tll ttrJ
Ntllraa hu del Ices which arr H1H Ftaurtt 10 III
crsisl u NAVE 'ta uerhs; Thit iaaett suagY
| nt lDcltnR up MonrF through ttrs*l t1rpI1A Alld
rfrt1neh checkA The tetata nK1irvs o ilin Clear
| Inc tItuA Atid thu CONTAMINATION VI tho I't,'ss,
Aa.e srtxstteued the hAlkx 10 Tint thuy cnitnt hb
aab,ly Induced 70 leuh themselves 10 NY hs:tlng.
| IN operation Tie c!1q'!es, thtfrfofa haso txssn
a,cai,1, Their laIesi plan II 10 borrow gnyerMent
tni,,!h and stocks, giving GTecnback c0llateA y.
course the confederation 0nrfcsi ID pfnIoEt!on3'e
10 tho loss OF interest on the money, which by TIC
arnvlncni must be put sMaJ out Of circulation. q
70 render tt.e operation anrr the numhe!a Of the
rrrtnhacEs asr taken. Hence the sane uotef
must he returned, II being the law Of sach tsaHs
| arttnns that the a1De coi!attrals. md not af
cau,, alent, must be returned. Such money can
nut le deposited IN hank; II Is aestt9!ea fot .ne
| Tle bonha and stocks 60 borrowed nrc bold aGala
The money received is used 70 eosfor more @ noaai ny
and stocks, and tho process Is Iepeated ove5 ~ III
| Dvcf nQaln. prompt operator can thus IN ONT
day. with hundred t6ousand dollars, lock up teI
! times that sun. Meantime bis salea or honds an
| STOCKS keen the market weak and help him 10 LIN
| accomplishment Of his nnl purpose"
Dealcrs' quotations for hu5tng and selling soF
I crnE1cnt bonds, local stocks, gold md HAse1'
/ <ffnrHr