, 1869-12-18

ALL be kecn lion tnt 1ofeSol1S prices OF i lew
leading nncIf~-wh1ch are a l4lr crte,,oa ,os tho
u5t1ese 0f coHmptllifee-.hht there nAs been to
general cccliic IL ther gold va.aes. Some have
dcclu cd, and soue have adv1Ec.d. those changes
ba,Ihg stt GoS.rned b5 cxops. Or short csopA aa1
the huLuls.l other clrrumstsrces which affect the
rise rhll Of rT!res OF particular hrlcleA Bat II
will tt seen by the anoee table toAt there mas b~cu
60 arch geIesal dosuw4IA tendency IN god pr:ces
II th.1e has teen 10 currency Prices; xheut
ttoWa the or3y 1u&tauce OF a marked decline Ia
value, y htch Is hhund4ntly aceou1ttd for BY the
large crop. II seems plain thar a. the general de.
cllEc IN cuIIeLcJ prices Goes not extend to
gold ya1Ces, the nominal decline " only
an appreciation Of the currency rt1A:srelY 10 gold,
On account OF the Increased accumulation Of The
istter III the country, and u not due 10 aoy con-
traction Of tue cul1encr, any scarcity Of money,
for II tcarcItJ OF Iuids were tie cAuee Of Inc de-
CINE It vould anect prices Of all things ii the
RRrbe Tss neitber has 1t hceu contraction Of The
cuncEcy thAt has reduced currency prices The
toias yoluue o. grteloccks. tracaonas, per
crpts, compoundE aud SAt1o7al Bans notes, At
diGert ut rtreds during the laat eighteen n1nths,
vas as fol o*s: Juiy,l5ts. t;H 81; December,
Is, S S,+slsa,.5N; December, 1862, t35, stl7.
TITS knoNs coptrac:lo1 OF d teen millions tueariy
Ill ri y hich WAS In compound Interest co;es1 In
rear and .a'i IN aE cunt TOO sGa:I 10 caube any
.lca cscslrt II currency prices as has been expert
the n0n1cal decne Ia nrscc. Il nos contraction noy
isN tes.csf, q norey, ru' simply decline IN the
p1;Ct IT eu1d t1cn GAtur IL causes. Ever 1ncc the
cuTrtt cJ 4ge.f:un came IL be one Of the principal
textures III tho political ageus. an ntdue stx'
n,rcarce has been given 10 the wonl "cnr1e1Cy,' -
| - applied 10 E!cc1:acts a2d Sato1l Baak
Let.., aud nauy people have Come 10 ioo1 rpon
r.,t, 1cy as the only representative OF available
fu D.. a1d ale te,l to talk About "mone5 neeea'
Nr IN
lie s.,alce. Cur.eccy Ia ouY one 1orta Of the ta-
\ vettntns Of 1aas,rg capital. ana thorga custen
| es-natik NOES ausi ereenlatEs-2t.nt BE- ever
1 50 scarce here, II . large anonnf Ct pEod1ce had
| been shipped from here to tic East, Aui We hal
| tnat 10 our credit, money would be easy here.
| The movements Ct cEtrcacy. however, indicate
th- muvcmenra ot the foa',ug c$p'tal Of the
country. Waen The currency noas to the county
| II hhuws 'he uoyement OF floating capital toa
way, hur when the produce bought With 1t comes
oac-. thst capital Is returned. When the curven
g tttelt comes back, It Indicates the retosn oi
The capital tna, went out IN cood<.
| UALk Ter, kAy they bare ngyer known deposits Il
he 70 low a. Dcw. Merchants have their capita
!nSestcd 10 Eesfs IN their store1 or else In III
country. sod lot which rsry 1ph It d:dncut TO col
| ttc1 ar y,h.uE. Grain dealers have large part Q
lhe.rs locked up II WHEAT, which ts nccnmui8ttc
here instead OF gong Els<tac1. aad tae result
! that the buEineas conrnt!ty Rre "haed up" 10
available lands. There Il II fA.r supply OF cul
1etcy here for nj the demands there A1e for +,
tie receipts fnom The eouat.S forthe last two day
| have been Ius: sa431. e9cs1 TO the shipments ou
The pyets sure fer money here Is no. because The,
Is too Nt,te currency, but becsose the local cnr!
ls hclllug 1n immense Amount Of produce, and 1
the sane time credung the country tor goodA
Exchange was sold between oanks to-day :
from. t0c 10 81 per Il ,oc0 premium. AT snt connt.
BANKERS sell at lilo rfentur,, and buy at 10 d:
. | couLt
Sales 4, The stock Dostd to-day were:
sauGE Merchants 1nsuYaccc Co........ ..a1t6
! ~ i; AREA hepuo.!c Insurance Co.,....- - ~