, 1869-11-01
MONETARY AND COMMERCIAL,
MONETARY.
SAICkpAr EyxAtSG, ork

SATURDAY kfAAINus CC% ~
The condition OF trade generally setn14 to },e
affected 10 considerable extent ty 1ne extremely
lex price Ut that uust important siapls o! the
Nosthwest, whta. Cheap bread throughout tho
world, LIZ q controlling element that. II It proFes
comparatively permanent, must In q senrt time
aec. al the other expenses Of hsInE, because the
Inevitable result Of cheap bsra is cheaper labor,
aud cheaper lahor nnkcs 10 xrr prices tor Eoat
o.het articles o! consumption aud ne. hEeahy
NC sec that the pr1eea Of cotton Toots are feeling
tho etIec, OF tits settling down. a. Is showa In
the reccn, decline In prices Of pnts IN New YORK.,
q decline which win probably gradually extend IL
ALI other manufactured articles, except, perhaps,
Hoolen Hool4, which hal already been m.ica dc
rrefscd belprv the chesrnrss o. bread came to he
! 20 geLctall, regarded S. settled fart WaesaeE
this sctillDx down to d lower svernge Of prizes
will e1,ebia lu ostrr aEticie. Of praiure ant pto-
,i.ltn3 viii, Of cNrsr. Acp~tFi upuh the cohtttu-
Aree os Wheat at It's present lox pE.ce- uas there
arc also Reductions ia other 1tsfs Of TIC coat Of
living aud ,,t!ng business, which have tendency
to nI.lr ;oxer P.ces for xo!s. Que Of thrseis iac
great decline In huu.c mt s'atH rents. wnra aEe
; y w.r rsut tpwer In every city ta the Cu|te.t
slstes than they wcrc year ago.
| In l.sal traEcea there ha1 not been much
| change fur ',ny OF two. sheHsa thu general sen'
seury has been tuvar,l Increased ssrtGrency rtnce
Lie s,egsnnspg o. the week. THIS pork pxcEaes are
uow IN the nuncy nin1kr', hni havo a1rc@ay
drawn ptttty Leu. ily On the supply Of currency q,
The command OF the 'tnuks. Thclr nccesettlcs Wit
rsuhalA, have the effect ot tnsklng money tighter
Tor rome weeks 10 come illun It Il
| po6; but lo9B asr q cash article, M I. MS theJ
tue hIrh ut 5rtse1t. the pruhabltsJ IL TINT the!
will lp promptly marketed, nn,l TINT by slIa
| pcnna the farmErs vii! caEn INTO rt'sscss'on {,
rea.}Y cash, which VIII compensate. to *oFnc cA
unt, for what tlt> hu.c falet, 10 Featizc Oh lnt!
whtsl THIS vii Temporarily rcSisc ttnie, hn'1
eventually, make money caster.
| Considerable wcit. secured paFer II now odsfci
in tho orcn markc. =, trotn ~ to3 Per cent re
nutlli, though II Is nnt OF tao ktnsi usually take
| At hanf.
Exchange tas ,,ccn suc,uatlug for 4 day or tw
past fsupl pas to DGc rcr sl,tsN Premium for sale
,eant%a t4nks- The real Cause Of these ntlcsna
tlcns r. thnt the banks arc runnlnR Hery low
available fnpts, nni whenever anI OF the bnnk
has little surplus OF exchange over what It 7,
Quircs for sAlcs nj thr Counter, II II obliged u se
! 10 Re1 Currency. T71aA mosntnR New furk ea
| change was wesk At rar. but this afternoon ~
nrm at ooc Per q ,'Ss' premium. AZ tho counfs
! bankers keli 10 c1stomerA al lilo prrNluu, m
buy a. par n Lilo ttlaconot.
The decline IN co!h from 151 week ncn, Il
tyb1sel 20 tie increasing exports Of ca,tou, whsc
have made sterling bills plenty snt made pro
J peet ct cessation ii fnlll exports Tae dec-iE
in rold na. a,.o made q decline II oser per crl
lc the currency price. IT epvrrun.eut honds sens
> thlg das last week. S.s.nc uf Tho Scx fuEk pspe
have se!&ed upon The appearance Of decline n hie
s shoNu IN the ccrrercy quotations. antf have M
good deaf to Fay A'scut "rAn!c1E feeling -
t the boal maIkrt. There has, ho1cscr, heen I
Geellne tn tho rr1cc Of rondA, but onts IL thc Gu
I . rere5 quo.attons IN American ms-kc's. II II
s:Gn tt, 62. asc Goosed tod1y i. ss;s, n.ihs: hi
e Oh this dAy Of List week,
NJ,
bn,irg AID selling government hoSds, local stock
rYit ula silver In hts market This at! eraoon. Il
i tru l.a.lnai Int er.s: petluls VI tne E:lse1 Sat
n!..tS II l1,uu