, 1870-08-27
MONETARY and COMMERCIAL


In finances and in the markets generally,
everything seems to be waiting for some in-
war. Everybody is prepared to hear some im-
poEtAnt ueEs that shall determine whether the
war ia to be long or short, but from the tllEht
Of vague reports during the last two days
there can he nothing definite elimiuated ex-
cept that tho country is being devastated, ~
il, tho instance Of the deliberate destruction
OF provisions aud grain around the rest Of
war LII the grain markets here, the yt1yiuS
rumors iii rcEard TO the war keep prices uuc-
tr.atinc oser u limited range, bat the news il
Of too cquivocala q character to cause large
movement Of pt1ccs iii either direction. In
sasnty. and opinons arc ut,out e.lnally divided
as to whether the gold market ts governed bY
4 bull clique or = bear clique. or whether there
is any clique at a1i.
In the local market money is moderately
e2ev, and funds seem to be accumulatinc.
Tho deposits OF iobbers, aud Wholesale mer-
chants generally. are increasing some. aud the
supply Of loanable funds is increasing &C.
cCIdinEtr. At tue banks all regular customers
a,e accom- modatcd without mu.h difficulty. at
tie r"Eulaf 10 per cect. In the open market
the raIes for money are from 10 IL per
cent rcr month, and there il \ good supply Of
money offered at those rates.
Tho frmcz tendency Of exchange shows that
grim shipments from here arc hight, eales Of
exchange having been made between banks
here to-day at par. At the counter, BANKERS
sell at from, par to lilo premium. and buy at
lilo discount.
The movement Of currency toward the coun-
try was very light to-day, and Is about bal
anced By the receipts from the same medirect,on,
Il. II. NASH, Eeq., Cashier Of the United
States DeposstorJ in this city. informs US shas
he is nov ready to pay the interest due Sep
.enber on 1910 United States b,nds.
There are sl9i.567, 500 Of tho, 10-i0s, and
The total amoun: OF &emi-annual interest due
September is II, ,sG4, 1872. Tho prospect Of
the disbursement Of this amount OF gold
E1obAbls has m influence to prevent the ad-
vaEce III the price Of gold.
Among the new branches Of trade which arc
slnirgtt'g NJ in connection with California.
the Prairie Farmer, Of this city. recently
noted the fact fhat Sone Eastern men ware
ruyiug uative California Ecsses ia the vicinity
VI Los Angeles. The.c horses we:e bought
1t the rate ct about so head, and are tn ttc
SLIPPED thence by the cars. Tho California
horse is too light for heavy team, work: but
Le i. ! much better horse for the saddle than
She Ascraga Of tho holscs us<d for that rur-
toso eass Of The Mississippi River. Tbs San
F1sLtisco Et4llelin says: '4There are still
s.Tgc bands Of native horses in tho southern
fottlon Of the State, and i'll the Tu!afe coun-
,,y, some ranches having thee or iour lhou-
satI. Nearly all these hauls have been moro
or hss improved BY uiItute Of American
D!ood- These hortes, whom -broke1,
scl in small let's III this market 1t m average
late Of not lers than 40 head"
The Dtg Horn expedition, of which there
Las been ro runch tslk. and which was unles-
1aAcn At 20 much hazard. turns ont to be i
ia'sure, IL far Is finding any gold wAs cou-
sc1ned, and aaventurers Of that class will
nos have to turn their eyes toward New Mex
Co, which il probably the richest country in
pfeeaons metals in the world. The Dutro
.a1nes, lately discovered there, arc said to be
tne lnf6eas lc<iEe Of silver ore esor discovered.
lnes CONSIST OF vast body Of silver ore crop
lHns out from the surface to height OF sew.
st3! hundred feet. There il cut ACROSS the
!e.Se 1ctts feet wide. believed to have beer
taaoe many Seara ago. On tho si1cs Of the
cut nattEe silver IN various forms il visible
Assaxs oi the orc yield all The way from aI(i
70 S1apVo per ton. The space covered by tLt
ledse, several thousand feet either r.y. Is nj
ready marked oat in claims, Thn rn,n,trr !,
practically in the Possession Of the sn.c},os
but the mines will eoon attract eucli sdrcn
:uzers as the Big Honers, u,d a. 49,, 49, -,
i way 1o1 the tui1ding Of tho Southern Pscif
Kal!road. >>e'@
The philaaelphis Ledger eavs. ..Tha r,
dian. State Agency q. Ssw York Is p,Fine II II
| principal Of the bonds Of that stste dne -
the lst Of July. and, after September nex,
,Lte1eet on the same will cease. These bon,]
/ Eere created come two years before tho IN.
cage OF the Lcgal.tender act, and we secrt
| to be informed that their payment is MAJ
II te3 rtclated PAPER. This discreditAb1c a,
| ion il the more to be regretted from the IA
hat this payment c.ears OF tho last OF u
debt Of thai State"
The following quotations for gold in. Ne
| Yo.k aud securities in Iopdon, to-day, wa
; ! received by Da1att l. March: