, 1870-01-01
MONETARY and COM MERCiAi.


FRIDAY EVENING, Dee. 81.
10 the financial history Of the country, the year
VIII ch closes to-day will probably be hereafter
considered IN important turning point, became
during sois last 1i1 months hss been demonstrated
its = onderful capacity 10 overcome The waste OF
war. The past few months Is the 1rst eons0er.
able period Tor aeren years n which the "god
premium has been tree from tho effect OF specu-
lAtion, which has been such : continuing .!euent
IN ssce.taln!tg The real position Of tho govern
Ment credit Among Other 1ht1gs In which pro-
gsess has been m1de Within the past leV months,
IL the growing conviction In the public ulnd roat
the cIIzeLcy Of the country should be fuEaAned
hy the private banking capital OF the country, aad
that tn.s privilege should be free TO Al, snd no;
n oaupolJ IN the hAnds OF few; tnAt
II II M light for one TO hsre that
tf1yteRe, the principal Will hold good In fe1a1d to
III; that the only part wh,ch the government
inouo properly lake IN the currency question Ii
to adopt such reasonable provisions for the fount-
tess OF tho cu1rencJ ~ will tecute its redemption
~ gold on presentation, lea7ing Its volume 10 he
regulated by The requirements Of trade. thu:
ia. Is promote prosperity In the d,s:ncts wkere
they are Ii .atst. By Furnishing facilities Tor bua-
Ictt, aid bJ gathering ~ the sna!1 Hurs Of
money thaE would olherw1se be n11aed or boarded,
md ulaklrg lem ~ alabis for use y tie buslnesa
c. pmu.1sy, and. therefore, the iIcreAss OF banat
ca kornu taaA fasCt1 Al increase OF piospertSJ;
npA ly, that The 1afest Apd easest WAY to ep.c!c
resumption Ia By ueacs OF tree ba.klrg, CONCUR
re1t with 4 gradual retirement Of the Grecnoacks
The money market shosR but lite change.
The ssceip'a Of curreLc cy from tho country nov
considerably lnyger than ths sDn:c.s-ssrtD9
sent out This Is having some beneocs.
effect upon the market, ard nay develop Into
coEditIon OF comparative ease during tho rext
few weekR Speculation IN Grsins pFoTss oas,
ktocks. gold, ETC., which have been 10 dull for
some months past, both htre ard IN the Ea.tern
c,iier, are likely 70 have temporary revival In
JaDu2IJ, owing 10 shs increase Of 1oatiog csplIa9
t1om tnterest ehd dividend psymecn: but the
general tendency Of god to decline must soon ro-
asttrt if5elf and Terrsss speculation and dcp'ess
currency prtctk
Exchange was scarce to.dsy, aod Tery trm At
BIC Fer 3t.0eo premium. AT tho counter b.nketa
sel Ut LILO premium, ard boy at from 1.1o dis
tount 10 par. -
IL our advertising columns will be found the
totite OF the admission Of AeR:rf. Henry and
Jonas He's, OF Cincinnati, to a partnership Ia the
NeE Yo1k banking house OF Greeueoaum BroA.
l. Co., the Chicago branch OF which Is the we'll
klewn batl,rg tim Of Henry Greenebauu s Co.
The manager OF the NeR To1k house Is Mt. David
S. G1esnebRum, An Old ard respected citizen OF
Cnlt age. with whom many Of our PRESENT mer-
chants are acquainted. The sdvnntszes wnich
TIE tHo bnlk!nR houses Of the Metils Grrens-
baum snord to Western merchauteln their traus-
acs,ons IN New To1& viii doubtless be made ar-
parent In the Advertisement referred to.
The sales OF gn!d. goyernnent bonds, and local
stocka by tie cnic8go Stock Board Ence the be-
aiming Of their business. on November Is,
have amounted to s2sD,5la Tbs board are de.,r-
Qua Of popu,ar1ziug their facilities for dealing IN
securities, aHc, therefore, have voled free adnls-
pion 10 the public to taei- sessions, which are held
fun 10 O'Clock TO II O'Clock a. n. every day. at
It's I!a1k street. Sales TO- day were Light beiug
0aiy 1890 American geld At 1872, seller ~. The
following bids and oceIs were R!so made;