, 1870-11-18
MONETARY AND CON NERcIaL'
MONETARY.
rurnsnA1 R1KNtNo, Nov. Il.

Will England 20 to vi, uilh naseia7 This
il tho general query. In mauy instances u -
',rado with rcfcrnnco to tbs millions Of lives
that vii la lost, the destruction OF millions Of
properly, and tED general disorg, ,uization q
nbe docs; but in the markets tho QuerTla
made ,solsIy With reference to tie probable
price al b.Eaaetuns and gold In This eonnec-
iiou il must be borne IN mind that prices ol
breaissu1s will no: turn eniirely UPON the
question Of whether England <Il
IL quite evident thAt RussiA his delihssately
tlctaTmineo on her couzse in rcgard to the
Black Sea question. She is determined to
nave naval st.tiops, a1seaAls at.d dock yards
.herr, ami that tho stipulated Neutrality Q!
That rea shal1 ba absogatcd. EnKla1d has 60
much TO lose in going to war that ahe msE
..els~ the final decIzIon a long ~ possible,
mud ir the ue.ntlmn turn an hoaest Psauy IN
suprl.ing EhipF, arms aud war materiA to
Turkey, under the aame rlausiole construction
Of the connsIcisl privileges OF neutrals As
that ~ accordance With Which sho hniit,
rdnippeIi and manned the Alabaus, and has
ei1,ce tccn furnirhing both France and psuasia
alterua-e1* With munitions Of war. "lf.
rays the London Times F" the 'Ruasians put
tleet IN tho Black Ses, Turkey will be abi0 to
aSsep it OIL" Itts apparrnt that !" England
expects Turary to do her dnrE, aad this
Black Bea and utop the movement OF bread
atuIs from thers, Il a1eciuAfly a. II England
Aer1..if declared var At cnee.
Cousols are frnm * 70 4 1oTer than yester-
dag, and United States 51}s arc 4 lover in
Lcndon. There quotations look somo1hat
more indicative ot war, though, IN tho after
Loon, the pzica ot Boha was lower. WHICH indI~
extel more pacific aspect Of aHairs. Tbs
! ptico Of gold Is now governed by thu rise and
tai Of bouds in London. znd whatever tends
| tn increass tho prospect Of pezcs. eaneee de-
clinn IN the nrice Of gold. md with the pros
bonIa, however, ara not IN infallibls tndax Of
the war psoepect. The fiest effect Of tho Fan
/ cu-PEu.xiar var Wa5 70 cause 4 de-
siiuo in the price Of bonds and An
=dvanco in tho price os gold AfteEHasd,
! when the immense Amount Of capital driven
nut OF France and Prusaia, aud which acau.
| n,ulated in lcuaon, began 10 sock investment
in United States bond4. tue efTec. OF tsn pro-
srcsa Of tho war Was to asiv1ncA ths price oi
l,onds and depresa tho price Of gold II
England should 50 TO way, tho drss cflcct up
u. finances in thin country would be = drssl
ct gold to England. The Bank Of England
would advance the rate OF di.count; none,
would became tight there, a11d the prfcs O.
United stltes bands wonld decline. As th,
war proREeeRe1. British capital would bef1r
70 seek safety By Investment 10 Cnited stAtei
ho'nie: ih.a1 nrico woold consequently nd
rance, snd gold would decline in accordance
viii, u.e advent OF peace all these proeease g
4 would be reversed. Capitalists would WEI
:hMr MONEY for use in active trade and woul
tsgin to setl lrn,,tir 10 get it. This woul'
! zause decline Of tonds. a further drain o
J soh from tlis country. and tisc IN its price
wat, hut the result OF pcane would protabl
be higher psies for gold than INV "''~.
eaneea by tho prospect Ct ~ 7-olslo
IFs,e n, ~ n in:sn.- =, exs:temcn. IN the erui
J whez4 -, :ay. Tho principal trading was
j which tfuctuatel.from 10 9 cants pl
: sn.ael every fey minutes, according - Il
o csst'zicbes from New York seemed u fav,
0 war or Eeace- There WIS An immense anoou,
!, az option t1adiug. Many individuals amor
Z lie grain conmiaz on men Dough. and sold
- y hiEa A. two or rhEee hundred Thousand busl
y f!s. aud i Is probable that tie aggregate
8 option sases aud purchases OF wheat Ia th
= market to-day. was ten times tho total amoul
!. :. .,;n astual sleat IL store here; Al the
lime con,Eacts being simply bats upe
!, what the pnce Of wheat will be, are, Of eour.
a s.stlsl Without the movement Of bushel
4e1uzl grain.
There wsa so1o more activity Ia the d.
nand Tor money to-day, resulting partly fro
:.e act'yaty in the sraiu markets. and part
Il tltn IenAud for currency to psy for hog
Q the country banks are agsiu asking far :
|. eommodatons from their correspondent
J. I1te. End. from tho tenor of some Of the le
y tcss from them, there Ia likely to b an i
is creased moveuent.of both hogs sud Graia No
week. The banks hero ara moderately VI
j. supplied With fund.-, and are ae.ommo1a1.s
" all Of their regular customers; short tim
however. il tbs rule. a. the bsuks ars st
i: i.oGiDg fer tiXhteniug Of the monsy mark
n ir couple OF weeks.
II Taie aa.ount Of currency going to the cou
Try IA increasing and il in excesH Of the I
I. 1e.pts- At shs same time, come Of The banl
o Icing unab!e to supply themselves with {
y .hsrg~, Al 8 chipping currency to New York.
q Exchange grows scarrer as the ehtpma1
- " uf grain to tie East fall oil. Tho qootatfo
- for Gales between LAoks to-day we1o from
9 to Goo per 81 600 premium. but there n
% rSascely any to be had at thAs price. At t
% counter, bankers cell ut LILO premium !
), luy Ut par to LILO discount.
. Tha following quotations for buying =
X selling government bonds, local stocks, \
n land warrants In this market This aftsrno
;. sra eivsn by alessrr- Ennf. Preston d E-:
IN bankers, No. Al CLARK street;