, 1870-08-25

would erly last few days longer. People
gotiaaons f. peace, but the present aspect Of
gtla1rs AFFORDS no grounds for predicting the
duration Of thevaf.a
The local montY market is moderately easy,
an rather dull The demand for bank accom-
modationa seem t. be falling OF. Nearly all
the banks remark tao incscase in tbs demand
from their merchant customers for New York
exchange, showing thst there aro heavy remit
tAnces to New York in liquidation Of indebted
ness for goods.
Tho supply Of exchange il only moderate,ss
the shipments Of grain a1e not heavy, and the
day was from Csc per 81 200 discount to par,
being quite firm in the afternoon at the latter
Quotation. This shows great change in the
condition since last week, When Now York e1-
change was IL so per 81 900 Of. At the coun-
Ter bankeIs e tell At 1-10 premium: and buy At
The movement Of currency from the East to
the West seema to have almost ceased the
country orders received here to-day were
light, and Chicago banks have stopped orler-
ing from New York.
Measrs. wilkins L Stone have moved their
oank!ng-ofhce to the southwest corner Of
dearborn and Washington streets, where they
VIII continue to transsct general banking
business, and deal in United States bonds,
gold and local securities. The house IL well
and favotAbly known, and their location on so
prt minent buaineas corner will, undoubted-
ly, increase their buaness.
The following quotations for gold in New
York and securities in London, to-day, we're
received by Barratt Il March:
GOLD N NEw YoRK.
1pening;'. u se0 ...1,s;s s:e9 2 m......11eX
1885 : iii! $50 5. m........-117E
i5:ss m: @:.:::::::.il:A Close ose........:....ii75:
SECURITIES IN LONDON.
conso,. 1l:lsGs n leo Sm: ni.:
United States 5as 1855. s. 81 81
United States 5~e0s 1s65........ 81
United States 5-e0s lS67..,.. sc
United States lo-sos. .......... SIX.
pound. There are IN thIs County 1900 miles .!
railway which It is necessary TO relay With soel
rails + takes 100 tons of rail 70 lay q mile Of
relay 1900 miles annually. II steel rails we're ad-
mitted free their consumption here would be
Nn enormous, and he adyantage to Eailway compa-
uiactnrers Of the domestic article. The two ID
@ 1s.ests insolyed @ are n great measure sectional
by cheap transportation. put the product OF 1ge
labor and enterprise into the markets Of the world
at the smallest possible cost while those capital
tsts- principally at the East, engaged IN making
steel rails, desire exclusively to the1lselyesthe
home market for comparatively new article, al
/ t>A3lDR pIOMLg4
Nit Edward Young, Chief OF the Beureau Of
SAssstcs at washington. sends out corrected
statement, showing the estimated annual rednc.
uon Q! the Internal revenue by the act approved
July u, 1870. BIZ 1t We learn that special taxes
including thnee on the bankers, will cease on May
!, 1s!l. and that from this source there was de-
lived IL tue year 1870, 5000, 600. The tax ceas
thereafter to the full amount. The lax on 0ros:
receipts, from which S8,1ss,o 900 waa derived il
heF T ecase "a reaae9 9sese5 IT, t.x sas IN .s .s
derived In 1870 &, 900. also ceases October i
income TAX, 1nclnllng saialaies, from whici
cent rate On al incomes = over YER sl,ooa. vii b b
e Rs5 s6eTns
reduction from that source Of 81, ,sno, 0o0. Th
lev aag esaGes f9 sSsn u sss sae
which Was collected IL 1s7o st. ss& 800 articles II
schedule 4, which paid IN 1870, $50. 200: pass
sory notes for preserved dsh, frou ali 81 whicI
fo.G1l 900 was collected In 1870, will cease Octo
ner !, Estimating further reduction on thos
seSe5M a9. Items ten. e q :. l.a ooo The Aggregate sa
ss30 900 The amended tax 1aE Of July II, 1s1t
u Is estimated will reduce this aggregate $35.e1o
| 000-eayt0g as the amount Of tax to be collecte
from the sources named onlg fa7, 200 as again.
ss3,ol6 ,Go0 In 1910. =
NEW YORK, Aug. A.-The gold room prescute
9 scene OF animation and activity throughout tt
day, NTH only an occasional lulL At the openin
the market started OF brilliantly aud rapidly at
ng 'S% 3s 4so e a aEs e% s e i L
supposed pool, were nominally nercc buyers. bl
actually large sellers through other parties. The
The MARKET to Itself. This caused @ 'sa feacto s
to 1i7x ut which point the market refused TO yel
) further. Here Was crisis for thu bHl!s, who ha
! no Idea O. bulldog up the price and hustng lac
guild at higher prices: sonneth!ng had to DC iot
to sass The weak u ana e. she
I kilograms II the effect that the Treasury hal a
nhlions. Ths tn taeS ss the Cod room sas Into spssm %
2 2 and for short time there was Q
q enormous pressure !. to SELL which caus<
o,eiay e aenc II TIT aiserwar wSea tae marx ri
started on an upward turn until 111.s was touche
a Operations were on m enormous scale, and, I
= alone bought from four to 6ve millions In gold
y Is q remarkable feature Of the day that there v
n perfect indifference tn regard TO the war ne,
!. 1t the close the price was steady at I1.,:@l13
= *s5,o9a, ,oee. Exports, tses. .ooo. The Trcasar
= soil 81 ,000, 900 at III l9-10Hs3117 4l-10o.
o Money easy ut 395 per cent on call
j. 11:=t: cable transfers, 1lOH.
ia Governments steady but dull
d Coups, 81. -.l1sz@ll5.l Coups, q. 11o GIL
n CouIa, '62.-.1te @1l2,E coups, Ts.. .110,sa11t
soups, IL. ..l1ut3t8lllG lu-413-.- -liSs1tEils
IL Coup8, IL. LII tal111t Currency 6s ll1h91l.
J. CourF, neW.110 e l1O.s
1t Stale securities lower.
J. Mtssouris..... ....1Si New vIrRtnias. ....
a Old Tcnnessees, ,.... .t6s OLD North Carollnas.
n New Tcnnessees. -1Gu New n. Carofinas- :.
- Old fitg1nas. s.......164i
Stocks quiet but Ateady, nuctuatlng only #
l. the changes In gold.
u Canron. n............. GO Illinois Central .. Is
l. Cumberland. ......., 59H Pittsburgh. 10
e. Western UnIon.... 34!t Northwestern. s
i. QUICKSILVER. 49,. * Northwestn pEerd- 5
II Marlposa ....... :, S. Rock Island. 49,. II
~ Matipusa. prelcr'd. 6x Y. J. Central. :. 10
d Adarns' Express. 64aI St Paul .-..........
Is | Welis-Fatgo. ..le1E ST. Paul preferred.
O. American 40 Wabash t.......-... :
st ! Cn,tesl States. 40k Wabash preferred.
~ Pacific Nta!,........ 371t Fort Wayne.
I New York Central. 81 Terre Hautc. -.....
- ScItn............., s9H TcrTc Qaute, pref. (
u Ere................ PAX Chi. Il Alton. ......l1
d. Eric. pEcfctred..,. Is Chic / Alton pfd. IL
IS, Harlen..... . ....130 Ohio i Mississippi.
u. | Harlem, preferred. .1s2 c. e. 4 I. C........
1e | Reading o5ai Burlington.
10 | Michigan Central. .118H Clev. c. i C.......
e | Lake Shore. ....... 91H Hartford i Erie.
COMMERCIAL,