, 1870-08-10
MONETARY AND CONNER CIAL,
MONETARY.

TCENnAT EFESIS6, Aug. O.
Nh4teycr may DO the chAr8cteE Of thB
events OF the next few days In connection
with tho war in Europe, lit may now bs ac~
cepsed ~ pretty certain that At its close Prus-
ais will have suffered less ihan France. Peus-
tia haA se<.used IN advantage Which can scatee-
II be- ntYsot BY any SUCCESS tie French may
gam. France began var. Of conquest, hut
Is now fighting tie iuvader from her own ter
1itozy. pr7sssa took up Aens iu seif f-lefsnce,
and II noa fghting, with brilliant prospects Of
snccess, to conquer . permanent peace
This c9nnGes the whoie as
pect Of the war from what
il waa two weeks ago: Then there WAS pros~
pect that Germany might b. impoT Tetishsd BY
long defensive wAr. Nov Pruesla can die
tate the telIns pf pokce, and thia iusures that
the German capital, which sust4ins tho prsca
Ut United States bonds in Europe, Will not bc
ll4e German bankers OF Sey York, ~ho ny
| br:iug houds and selling gold, hase ttair cal
,,:jatiu,s, Their yiewr are Sustained ty tho
Il. c;iLe in tho export Of gold from Sc 81
! fer tie wre.s ending Jnly 80, to $3,6A,5ft Tor
e tek ending a1snsi e ana Stso y hG Se
To lft9sz or only x Of per cent .soso par, At
yhici, rate it will not pay to export gold, tfius
| .Lowing the probability Of = temporary css~
| s.tiou OF gold exports this week.
| There are. however, ether influences 1t Eork
w}icl, may, btfoEn long. exercise an important
influence on the price Of gold. and consequent
| il npou tie currency prices Of grim aud other
c4t,ortab1e commodities, Tho war las atimn-
| lated The export Of nothing but gold and
/ !tt- 3stufIs the export Of almost all other
Leading articles has been depressed by it For
! tie week ending July 3. the total export Of
cs,tton was Is, 125 bales !; for the week enling
Iu!s - it was II, 712 bales, and Tor the week
cnling August it wAs 1859 bales, or oaIy
.sont one-tifsh Of what it was ono month ago
II e1l,ort Of both petroleum aud tobacco
uase also been grestly diminished daring tho
ssst two weeks, and the decrease IN thesa
leading exports will probably more than
.,-eadstuta induced By The var. In this can
,tesion il must be considered that s90, ,0o0, ,00o
n gold have been drained ont OF the country
it less than thirty days, whereas tho total net
export OF gold from the port OF New York TOT
,he year 1860 VAS only $50, 81, ,255. Theac
+ t,rta show that while rrnssian suecsss in the
var assurcs frmness il the price Of bonds it
Europe, tho situation here is still not unfevora
:,'o to grez. bnll speculation for ar a1sanct
IN the price Of gold.
! Tia local mouey market remains easy, ant
,irrt -class borrowers and no difficulty In get
ing I'll Ito reasonable accommodation the.
rsF coE. d
The most prominent feature OF the none
market continues to be the movement Of cur
: leney to tue country, which 10 light hu
STEADY: and il gradually making cuFEenc
.,..xsl,anga was pretty freely offered to-da
r IT &c per II 900 discount for sales botweo
!: leaks. Al tho counter, bankera Sell At IL
!. premium, and tuY at 1-l0 discount.
Tho following quotations for so! il Ne
\ Y. II and securities in Loudou :. :Ta r. :eive
= i .ss Haltatt i March: