, 1869-07-27
MONETARY and COMMERCIAL.
MONETARY.


rhe luFts'rr d'tSsnrt uf ts,s cent IN t!s l1Irr
" Fut ~ ,tayt making IN nil lnr s"ni since tat
HthR} nnfElV, ahnwa that thr niNhrf1ru Of th,rtl2
N Stw fo1s. b., preventing ih,'F shipment f."
EhFnI", atlera 1T" slI.utIn IF xr!i, au1 cu1.sr.
lur. 'ly hh.Atrta thu pr1re. 1hs rr1ea u bn,,hs
th tHnhon IL weak, ttri fhorsn declining lsnIrr.
g, huE Q'lntr ia-ar III ~ .aualpat h1,t m a.i
fr1da, nnu SATURDAY, This, ot eoufs.'. i!,Inl.hrs
Tic rfoht~ct nr ah'prng ioilha To I;uruIs, hnl
our tt tnt1rnGffY hrcruirR f.uTupchn in,t.hc,tnrss
has tn Gc Fai1 In kouethnr. at,! ~ thc exports n1
1nmrttlc j,rca11clk Arr now a. ihctr luwcst tth
Tor the ycas, thesu 10 no alternative Aut
the rtr1tt Of eu't, which IN era.tiIy tncsras.
fnE Tile erlAla lint IL AlrAys impending over our
e'laHecs on ihcEe present 1natti Ia the permanent
er.ratton n the thfrmcnt Of borin 10 Enrots. No
that golf may trcoscr fr'm thr artificial ,r,,rcs.
tlon ID a'h rsicc made by the shipment of ro,ri.
abf which haA kH}t !. Iower lhan Tho ascrage OF
6ihcf rntnfanllttc+ In ct,nncctluu with tho nd
T&hrc til goll. shc New YORK Iuuspnls h3c lvstrr,.
Hhg oEef tho ability Of tito 7rrsEury to roll ,ot
during the rr1nain!ng halt Of the ytar. iii, II Us.
teen trotr'f. hy Actuai experience On several
oseht|ohh that tho aa!eA Of gold
br tho Treasury have hut M Insignificant
EJECT on III prize, whrn compared 10 tar
Prospect OF the nscrkA.iy OF hhipp!ng solt 10
Europe int'tnf OF s1nndA- From the presrnt
aspect u The import trade there II probability
hat the import dutes III snaso The sscsrta5y Of
+Ae 4sGAalE$ " kcl EOIa uUflH& hHkukt 10 . |
Rrrafe4 rattas thxn at Frcseat; ss ss that sea-
son he will hardly dtarrg1rt the requirement. Of
fAe couaiF3 for cu1chcy, hc will te Obliged to /
continue The purchase OF t,onds to keep from nc
euteufattng too much currency ty GOLD sales md 1
Other sources Of re1cnae- This Is likely to kc<p
III the Price Of :-ees In American markets, bet 1
Eniesa o5 that Heans Al enttrtl! diterent tone Is
Impaired TO the London ua4xct for
bends than rules there now, the nd
vance hctc will orl5 p.erent Their
Shipment, and consequently make further a,l-
vance IN the r1tce OF gold. OF COURSE, a. zoop -
the natural tendency Of ais1ru r definitely IN one
direction the 6peculators viii intensity tts ELECTS
o5 tuytpE fnld, and, As the! can bar more taan
the scefetarE ean possibly seft the prcsent pros
peet Is not unfsroEahlc to m advancing tendency
In the Price Of gold untl The increase OF coltoa
and other exports, Abous October, knan tske the
7!are oI large portion Of gold exrorta
The adT1rcc OF Der cent In the s 20 botds since
July T. produced Qnite general unorcuent on the
NIT OF The National Banks 10 withdraw their 5ses
deposited rs security for ther Circulation, and
replace them VIII 1u-s1s, which they could buy
mach cheaper, and get also, h4ndEoHe frott on |
ne sate Of the Efos- This allows the haokA 10 |
steufc their circulation With Smaller amount Of
Tttue IN the 0ns than IN fhe deposit
J! bees- The lp-sea being worth los-lesa tie &C.
Iped 1nicrtzt-Ate received As security foT eltcn-
Atom to the amount Of S per cent OF their par
;a1ue, which Is deposit Of nasket1hle yaire Ii |
he bonds Of n ser cent orer tbs rslaa Of the cur
'ene! 10 be secured, Nhtle the deposit Of ssa., !
fhen arc received TO the amount Of 81