, 1870-02-24

the .sst thseo Hontha, TIE TRIBCkK has polluted
oar Tue fesAons tof axpecInK \ oopunaauoa III tha
decline ihss hs1 been experienced dar1k2 tsAt
hne; atd tAS shown th1t toe lArEe yosn ut of ex-
porrs OF eottoc, and Other PRODUCES. vat Iesotns
tha sosersc oa11t &c Of fore:gn tISde aad
BIO vin9 the E7ld to Accumulate IN tho;1unuy.
So.ritnstAt diCg the large pA1neuts IN o the
Treasury, Tor du,iet on Imports, durog th7 last
two n-onthf. the baIts In New Yore city stil hold
orer II. .e0o, 900, which tae regular 6s4ta, ~
ttc rate d n. .coo,0oo per month, 81 tue
Ttttsury, AId Tho payment OF tahpooo g,d
Interest on the 10 +fs due Mach win lDc'ess. 70
forty-lvo nr three millions A. long Al Ead Is
uot tie general cnIHercy Of the country tbs vat
smouLt OF capital 10, 70 great e1ten+, ua4vAtlibe
for use, ard, though The gold i.self hss 10: DE-
1fecihteo In vn)1e. the heeeeafy Of the oEneEs Of
Il 10 Iuru 1t into . culsetcJ that can be uted IN
general uade, viz: 9leenbsets, appreciates the
vsl9e Of ihe lstiet. The ao1rdant crops Ct last
tear gave rs such surplus for exportAapn TINT
tretucts re cheaper than gold, and for That
reason they arc exported In preference 10 H. A
verJ coEs,detzole proportion OF the noaunx csp'tN
OF the Eastern Blatea Il thus IeeEed W in
u.onty that dots ret cfrcutlt<, 2oLi
inst n the local capitsl Of The Northwest locked
uplR wheat, AID pcTk heid In store, aad Just ~
tta capital Of the South Is ocke1 up IN cotton held
fer tiaher price Its very ev!de1t sbas esety
tt1cst 10 make Gee Of the vast amount Of capital
LOCKED up In Rpn Appreciates the ya,ue OF green.
backs, became Is nece.Aary to turn the gold To-
10 gree1hacea htioEe it caa be maze ASAnahsa, aod
AZ every appst Gallon In Tho sa!ne o1 Rreenoacka
NUT Necessarily te rejected IN dec1re in the
currency rtctE CT eoEHod ties, It viii Re seeu
tow tie trcuers Of god reGnl down upo1 fha
p.:ces Of commodities Now altno1Gh ,no Ap-
pectellon IN tne 5a.1e Of greenha.ks
IL IRE drvct cause OF decline IN the eoii value
Of ccun odisie', II Is the d,rec: CAME OF deeine
IN thelE cuizeucy prices A decline In theit cus-
1ercy pr!ces causes lohses 10 Tho speculative hold
e1t CT pTouuc.s, SID their !osses Cause shifting
OF tee loadt, aIo this cSusey decline In tue sali
vslugs Of the products, and uAkes them nore
available tos expottauon, and 10 the Cause and
eject repeat zach other, ports Of products cAus
lex An acc1mn!auon Rno lower price Tor gold,
AID thl In turn causiEg an llc1ex1c OK exports OF
r1ocpctk
Gold Will probably react temporarily from fts
decline Of to- day. bat the end OF tn downward
coufse u evidently not Jet IN NRht Prices TOT
cotton which have been sustained for three
4 onths bsck by speculative combinations now
show signs Ct breaking down, and as this would
Increase its e1portallon 1t would also be the
neats Ct naklDg : lower price Tor gold, and for
ccmnod!t cs generally.
The local money market Is moderately ac:tve.
There il COL siderable demand Tor new loans from
the grain dealers ard pork packers; but, oa tho
I@LEt A0OAt ALG AGlOSNS SA AAI IAEAA0AhlG Rs4k "a
the community have increased 30 that bankers
ste enabled to make one class Of &C
counts take care Of tho Other. The
result Ia that the money collected BY
tie mefctatts Tor goods !s going INTO products 10
he held in stole here, while the currency which
L sce the transacuo1s goes Oh East. and Is 10
eeaIce IN this ustket That sons Of the bA1Ks to.
day otuered currency from New Torx by express.
E1thatge IS 70: plenty, bu. the necessities OF
tone barks for currency 10 meet Their country
Olbtrs obliged them to sell 10 othar batks At SOC
rer 1000 d,icount Atthe counter, banAera eeu
AT par and buy At l-lo discount
s'a!c5 Al tho S'ock Boa1d to-day we're:
2S shRre3 Republic Insurance Company.,-. alH
$500 ElNe3 stAtea ~ bunds, 1sss, seiler aa.llA
s. gold SELLER ~. ..l15k