, 1870-12-29
MONETARY IND COMMERCIAL.
MONETARY,

in TecaIG u money and hlsthtss. cAuuot uaTa
filled to rotice thss ar upusu,lls luEua1ious
c,catirg dtpLs.tion Of GIsiaesa aal an un~
se1t1inS of eoifIenee kuorg thu bu=intss
cer.MrIity ok That city. There arc undouht-
edly .ons reaaoEs why the depression OF hns-
ine=s utnsi at the end Of every year should
cause somewhat nora apprehension il Se.
kird Of Legitimate :.=de there his been usor-
ucusly iLcreAsel by exlthit1rt rents. aod
tbs &c hava tten made recassAty BY the c4-
tsarasatt PRICES Of real es:ate. and this, in
tutn. haa been caused " tho eoaeaatra-
Sn esmpslisr, Iii M savings banks, ana othzs iucfars
in.tisutiols, a. well Is Uf private capita1ists,
l,y either purchase Of, OF loan upon, SsS
Icrk h1si1c>s property. The saugniae ex-
pgctations Of Ssw York march.nts, that they
would haze Eucro ls.crAtira trade With ths
sonlh this winter than ever before, ,wera based
u?on tho great i2ci ease IN The crop Of ttotton.
But tie low plice of cuttou this yeaE will make
To purcla =ir- ability of :ha South even lsss
This wear than last hcuce the disappoiutnants
in trade ia New York. The depression OF
trade demoLst1ates that busi2esa mea c4n~
net :aerd TO PA no exts7sa6a2t seas9 eat te, e.
to 5a pnk on New Yo:k hn.iuess property.
corGderce has thus bseu shakan ia regard to
what vas considered the mott tu1douhke ted secuH-
ty IL New York. Besides these local CAUSES,
sro tie general ones, Of heaEy taxation, aud
the IneeltAutS ~ to wlst Financial aistusb-
aEcee may DO male Ly tho c!oso Of the wax
III Tu.ore, MEeDovkr that Gomez. These arc
abnus Ill the cau.es for any more uaeaslnesa
either iu New York CT in tie c.unlry At large,
. than there was last year. But nnf.yo1.tis
as tlcsc features CT trade aud haauce are,
tltlr importance and the extent Of thsis IN
t,atchss tha. eia1-ate from certain sources ~
ti,at city. Thsro appears to be clique Of
tAIkere, brokers, stock tobaert, and specala-
/ tors, iI New York, who haze gone deliberately
is:o tic tusi1e:s OF working up = daaEeial
and commercial panic. The Scw York
+. l,:1ab.i.us f1nsnc:al views are te!esE.phed to
ths Ere17ny Tost ard the Chicago Tines, Of
! this city, which 1siu il the croaking chorus:
/. ard tic eEdearols to impress tha public zaiad
i that everything il On the verge Of going 70
| eternal nu4ash. For n yesr or mora ths World
| tumble IN railssY stocks, III SeS lofk real
estate, il tl:.lc of ali kinIs, in sAori, that
| ssrw Iurl is about to COLLAPSE, acd that tAs
Tett Of cIestien mist 10 w.th 1t. Without ig-
uor;ug any of the TIL favorable ssiects Gf tue
!. r1tscLt sisu,tioa, we ht}ieve that so dolsfui
= We. il Eok warranted by fa2ts ;
After tho Il. Of Jauu,rr, rsoney will to cay:
/! and trade will he Letter than nov. There will
!; rrebalis be considerable III. e.dtnS out OF weak
corcsln,, 20: czls in Sc* Y1sk, but in AL the
ci:,es. during JaIuaty, az is alwsya the case At
| that ecatar. There rasy also be decline in
p::ces e:i New yo,k rcAl estate, which Las
lxcn il !iateI juet at San Ilazclst real ess.ia
wae ir:. .ted, viz: by tie csacsLtcation upon
it Of co r-cch luorey bcirEg'cS 10 lo:ai sav'
icea Inks. ireEr.ll:o co:srA.iss, aad otn:s
EGu1:ry 1.ssHI:l-u7. Cc: there s:ctls n
! ground ter antisisaiins ary general financial
Gl.turs aEce :: tc2sin. IT :riees. On tie cun:
tr.1r. riees Of bscalt6:E1s. provisions aat
ptllr lIn.:cts a:e E.et:y sc1a to aav1nsA. II
v.ew Of the probable Increase It the En:cTo II
ce1nsEt ds,rrs tue Ecss month Or two r.;
W. nest: <; p,as;s ;1;ss Is raaas a,ton n Ii Il;
! aiso asvarec. f.Tca rsii~sy stocks, notwi:d
i st.Lds1 E tl,a extensive Watering to which she,
tare b.ta Subjected, a1c nnt iisely TO c.1ts.
eLre IL; 5css1 Il !" tuc4l.s." Whe.e theis hr.
! srfcial cautee fI o"trston. rs il the ctsa ::
tie Uu.or r8ciuc lsa:lreaa stock aud tants
tlt1e Eax he particular stocks thst viii d
! cai.e l:f6.ly, tut tie rzo-p1c. Ct A oss:.
Charge il. tho tauofy vu1rket fayoEs tho prob
aListy that lhey viii TO generally sustained
! uEou: pIetelt prices.
In tie LEGAL taaskct. oo!,'S continues s1ZIf
lut ttc d. raaud for hank accommodation !
net preseinc. and, with the all Of Home i'm
plGr.r.e. iu collec1locs il the country wtiel
las Le. II cApe.ieEcEt 1a.ely. merchants go ~
! 10 !e r. ting Al4nG Wi:Aou. Serious tro05le
Tie ~. k.Is a1c The pr,ntif bel r1Nsrs nov
aLi lie t:AAl aro Accommodating tass
F.. iresiy.
I 1is movements Of cnrrcncT wcre ii3h
tc-lsy. Some ot The 1eeGsns hanks receive
/; 1ucre f.era tic ceuutty thaa thtr rcn: oui
AID i; j. o,siA'e tia. t!.a enr:eucs mo'cusca
IL that ci7e::iol hss callaina:oe, aad tha: tu
! l,ttic uss It @iil 70 GU.
E4ehas &c WAS high:r to-.sy, owing 70 til
irc'tss;; Cen an;. tscn: :neic:a.lts who Al
| u. e,:ns t{.ti. n,st.rry Liabilities il Easter
] m.ss,t= IL tie EorL.rg, saass were mad
;l&s-csl u:uks st l-l0 %. but in the ate
!, L,;z |: could ret Lave bsen bought. h7t;t
than ci,. per 81 .03o discount. 1t tnc couase
l4nkese EEL; 81 LILO premium. and buf al IL
discount.
. ! TIE following anctstions for. buyias M
| selling sotc.Ilreh: blni-, local stotEs. gt1
k1d silver il tl:s E,aIket, this a.tcInooa. Al
fun Isl. 4 u I4aut, Itrzsoa Gsan, bsaEsr
! Al C.a1k street: