, 1870-03-14
MONETARY AND COMMERCIAL.


SArCkpAr ESKx1sn, March -.
The ductustiors tp 'be pF,ce OF gold from 1lsh
or Monday 10 11tH on Wedbt'ds!, std ~ AEs1o
10 ll44 Ills afternoon, have had An uufa'otAo1s
effect UPON buBtnetB generally. Tae 1nolesAo
4 efchsnts nod tDe1r pusiness depressed aud she,r
sales d,ln,l .,hpR. becanse county dtAers ars
boldt1 cn from buJtrg u ionR - there u pros
pct # further decltn1 In g,ld, md an expecsa-
ton CT 4 consequent decline IN pEs>es OF Eoodk 4
large p1upors1uu Of country nefenana aad rssaN
dealers tyer3 Hhere haze 6ao~r. bT saeis bn Tet-
ous o1ders To oAnkefs for f!actlocN au7ef. theif
deAlre to set nack to specie b s!a for tneE sde,
and 1t u probable That, nnu1 they can
AID improbable To tho wholesalers.
Pnoa in the gain sud p1odace mssksts
now 1ol low the p11ce OF gold closely, sad whlo tho
UNCERTAINTIES Of the due uatlons in prices discpuf-
age regular purcnakes AMI sales for tne Legitimate
purposes Of rzaos, they mske The Rr4ln msrtets
r*nex Of the gambling operations Of the ST Gold
Room in New YORK. Al tho sA.nn ume tue oa.h
capital cf th-se who are too conseftaaye to enter
in o shete specu iuons, a1d Who CANNOT sec Whe1e
nor tsv to Unrest thett fands Gafe1J aud osud:-
aoly, Ia sceuuulaun1 IN tnr bAnts, aod Is netnk
loaned out 70 tho gaubera IN gram. Nloe-tanths
Of tho husMeas Community, except apecn1atots,
would b glad to see gold 90 to pr Il there Was
a1J topo at IT. 1eaatatng there Bat cve0 II
gosd scould 60 to pat-Wn'ca Is not iUPsossbte
wouid Dot remain fhere erp1easIorgSess takas sone
step :osa1d 1es,Ktu2 auca portion Of the green-
cacks II would paee Bpecle resumption on the rest
| Of them within the poHef OF the government
There Ii TOO much d ference IN the bennmenta OF
the TWO houses OF Coeesess On the Currency ques'
tcn 10 af.rd much hope OF any measure for
epecie resumption On al the dtnand obligations
Of the government, but II the secsesaiy OF tho
| T1esto.y woud 4nroGnce redemption IN susey OF
l hA n UnO11 a
tpscie lasts for ali re'al trade, sad be the means
OF eventually Ectprg gold into circulation a well
| ss Silver. .....
/ TIE following closing quotations Tor gold. on
Saturday, OF each week, eiroe February !, show
I thas, notwithstanding tho upward turn Of Pdoes
this week. the tendency. IN general, Z dom 'aEd:
| Fehfus1J j, 1so7:; Fths1szJ Il, 11ats. February
| ~, 1l9: February "a 116: Maeca s, ll3k: March
| IL, 1ls4. 1t Is very evident from tne regularity
Of The dec!Ie In these prices, tnar gold u fall
ipg frtm the steady pressure Of tho
amount of capital lccsed up In 1he great accurnu-
lat,on Of gold In the country s!nce the lasgs eK-
| psrtl OF produc1a Msde the e1poIA OF god uu-
recrasAry It u also evident that ii only one-half
ct the expo.tahle surplus Of cotton and brcsA'
ltuCs from last yes1's crops has gone, that when
the reat Of 1n!A e1pos,aole surplua Of crops Eoes
on, there viii ba = stli greater accumulation ot
gold a1d q lower price for IL ....
In the open market nrst.class paper Il Scarce
And In oem5nd4 aCo oIc1css nAFe Uote nonel
oCc3ed III 10 per cent than they can plsce; IN fact
rprey teens more nleng outside OF tho banks
tnan it Is reported BY than One reason OF iats Is
that the Ea1u dealers are now the largest borto =
err, ana they nll boYroW Of Their bankers On COL
1arerals O grim receipts ..
E1cn4r 70 il firm 1t from PAT to &c per tl.oD
premium for asles between banks. Al the co1ute
bapke1s ec.l At 10 premium, and hnJ All 10 dis
| count
Tho Manager Of the Cleastpg Home futnisne
the folio ring Summary Of tho busfnesa Of hfs Of