, 1870-10-18
MONETARY AND COMMERCIAL.


MONDAY EfsSfSf, U1't u.
The lccal money r.arkot cont,nues to work |
clcse. Tho nnks are experiencing demand |
fcr ccco1nm2 2datieu from ercry class Of their
customer an.i find they have no money to |
r,,arc for TIE purchase of oItsidc- paner
Money. however, cSn:innes easy IN New
York, aud our banks are able t" get all
the redisc"nnt- there they care for. so that
for the present. at least, thero ss net much
prospect Of s.riugcacy. Tho e.se in New
York-which is unusual at this teason Of she
ycAr.-fH Attribn'ed TO the farts that the bal
a,ees Of London bankers have been IMMENSE
Curing tho war, aati the New York aEensa o:
tLe Lutiton banks, therefore, hars mo-e su1-
plus funds to lend. This makes money easy
iu New York, and enables Western banEs 20
get re-Eiscourts the mora readily. 20 that in
this roundabout was, the EIropea;1 war docs
hnve SOME elect upon cur local market.
The movement OF currency toward tho
country was n lit:la more active to-day than
NJ any time last week. largo portion Of It
il going to ca,tls-raising districts. but there
Is also come Increase in the aucount gong to
grain districts.
Exchange vi. weaker TODAY with sales at
| nom :s to 50. rer II 900 discount. ard the
| amount Of hills offered was large. ow,ng to
| heavy grain shipments a. the CLOSE Of last
week, but the recent advance III lake ffciShts
! viii probably give temporary check 70 ahlr-
uc:.ts and ulake exchange irmer again in
! day or Two. At the counter bankers sell st
I-iO premium and buy at 1-10 discount.
During the cotton planting season OF last
| sp1,rr tic Lews1,apcis Of rcsIlv ail tie South
! cln States kept urgsng The planters nor 70
greater portion Of it than u.1al III
| c.,1.,. ard thus be independent Q! the SoTth
Il. their supply. The same fall&cious policy
il row being advised in connection E1ta Tue
next cotton crop. Tins il only another phase
the hs ta. a1 Staps q o.,e xh,t
you can Gus aud bring from somewte.e e!ee
at ltss cost, and do Ills for no other object
than TO prevent the mutual dependence os one
country. or one section Of country. ul'oa az,
other. and thus suppress commerce o1 AZ
cal conclusion: wculd urge every family t. %
its oYn spinning, weaving. shoemaktng.
and blsckHuliihiug in order 20 be Independent
OF the pu, u,.lllatiou Of the adjoining township.
The South is now in 4 position TO recover the
7 the newspapers Of The south urge the Plant
. ers to defer that. 60 that they shall no: bt
obliged 10 lay cora OF the Nor;l. lllaois
Iown, and Missouri have 1aised: tbis ye.t- AT
unrtecedertcd crop OF epEr. aud II :he South
, | err1 newspapers Will turn their attention I:
eating ! reduction in the cxortitant freight
) on ths railroads that penetrate GeorT1a. NJ.
hama, and Mississippi from the North, cor1
!, en-, bo s,,rniehei to the Southern rlactsr
, rates which will make i, more profitable i
Z | tQll his H1soic as1EltttI &c C~ifoE-
: \ Cakfo1Eia letter caila attention 70 the lac
. ,i,at tle SILK culture seems 70 have at !as' BEG
established on . reruarcht basis in Anes'c.
and thst IN the coureo Of three o. toas ssaf
| il is net inr-cblhle that the exports Of cocoon
= J from California NIL amount to ten Or tHels
n millions OF lollars The history Ct silE CO
= tufe in tic Tuised Sta:es Is o:.e Of peculiar il
!" ,crsst, AID dates back to tic histo1s Of II
i colonies, whtu James l., aud, After bin
Charles H., ta5ea7carea, " cvc:y manner
: their mower, A1st to es,sttishit in EnSlans
= and, falling TO do that. tried by the offers {
large bcuEtics 10 producers. and the remi
. sion Of Ens!i.h i,uro.t 9E:;es, 20 establish It
the coI,nits. The revolutionary war. hos
. ever, Crushed the new industry, and j: ".
= = not until 1881 that new starr WIS taken
the tcsiaess 4. .!aa: s:S:l 4 .:E=c.cs +:
much attention, that ths Legislatures cf 1aH:
t,f the Stasts cuerei large boucties fc1 all Il
T. raw six produced in their States within glet
a. rcyiou.. This made III excitement il Il
as business rlacl, cnlmicats~1 IN tire facao'
N tMotus Nal.ie:uIns Maria, ac1 left t5r Ct
e tnrc OF .i|k with sort cf Eoon.tinc cEAra
~ IL ter. Wh:cil b1s only Of lat. begun to pa
ne awse under more businets s-Ake mansgene
in CAlifoInis.
n | parnnaa eok, froln july =, 1as7, to October
n. iS:n siN.atal9 acres, for which they rceeiy
". stffk 04ga3 Or an AveEnRe OF @.69 rer aefr. 7
ii company cancelled s6!s,oD OF Their AnA~ FL
&C hopts, received u payment fns fhetf tahds. ~.
he ~ mortcsre on land sold. AMI sD 40 in cash.
e appropriated to further purchases Of Is
= grant bonda~
- Tho following quotations. for gold IN y
~ Yatk and securities IN London were fceea'
~ | w Esrrztt ( March: