, 1870-12-31
MONETARY AND COMMERCIAL.
MONETARY.
Ha-AzE EEH1Nf

ber;ns II. London on the Sd OF ne1t month.
hes,des being = political event of the highest
importance, is likely to exercise M influence
on pnces Of gold, bfeadaipns' so.,bn' ,sa .n, ana
lie t1eaty CT Paris. and possibly to uaks
l. other eun1ds, which, If NOT granted, may
retnt in w.r Turkey can t. tase s4arsels nnna an5
question that 1il Eot bring her IN con-
| dict with EuasiA. France can scarcely oe
| Represented At Ill. as abe has no government
WLuee Representative Wtala oe feeosn1soo
| rr,u sis The power. that meet are prepared
for wAr, and the general spsrit OF tue Con-
c1ess il not likely 10 be coucilatory. Alto
Sether, the conference wilt begin under sneh
Aurpice. as will give Et=e to nans sumots
dpIing The noIt two weeks
The government IL row paving out the Jao.
ueIy interest Oh tho debt. TIE t5ta! amount
OF gold interest to be raia is S3s 0oo, goo. Be.
sides slis, ooo 900 of tie ISnrEssn' .ntGnrlsa l.
H. ct sf of ssas 5aa. ''s' issS. ~ :
Se S prepaid, thus making tho aggregate
disbursements Of gold By the Treasury,
curing tho next few weeks, 80, ,o0,eo. ~
enqea ue1enev ~ intsrs.t On the 81 900 Of boads
is.ued il I'D OF the Pacific Railroads, amonnt-
!, ,pr 10 over 81, ,900, 900, ~ to be paid. Tue
god interest payments will probably reduce
:5o. Zoo 600, aud the total interest dissurse-
: ments Of ths Treasury will be equivalent 70
: pszll5 s:a 900, 900 in currency. It will not,
Of eou.ee, hare The s,me eject on m ma1xe.h .s,
currency. euu es Iec.use gold does not circulate
: Uesides, large proportion Of the gold Is QUE
r 10 foreign Londholdezs, and will SO sbroad
Is At orco, but it is also trns thas
y the bonds depoei.ed by them to secure cirSo-
It iation. and all the gold thst goes into the
t b.pIs lss, for lhs time which they hold u,
e pca1iy the came effect ae an increase OF me
currency because the geld cSn oe ne;a as pa,,
IL much paper legal tender. A. the EcAsasy OF
Ia legal tenders will probably induce the bauhs
i. 70 l:ola The mo.t Of thor gold for tho present
is il il p1obab!o thst only small proportion o. o
~ thrown upon the market, and that there vii
rot be much decline il its price.
q, The money market may be called usht Set
Ay but it is apparent that the most pressing INN
Ie is over, and With the beginning Of the ne'
d. wear tue strinsetcy will probably show nor
lie ls=itiye eviuenctu OF relaxation. FOR ~
lie present, the bAukH are accommodating q
sso regular customers ~ho ont1t!ed 10 asson
Ct, nuweyer, is scarce, zpd grsiu speculstoEs Al
Of 1ot aski.r for much yet. On tho stree
&c, uoney is quoted at from Z 10 21a per cent p'
hi. a,eLth. ..-.,
tho t,puer large but the fact that none OF Il
on narts have been obliged to order current
frtm New York this week shoUa that u
had amount coming back from the country nu
usd be ABOUT ,qual to what il Eo11g out. oeeao
ard | fhe suppIy Lcro does not diminish.
L:as Exchange WAS higher again to-day, n
tie eoll between banks 1t par All last week Q
1uir Change WAS doaAto about t.1o Discount, 81
the lchcr range this week shows the tende
cy Of money to flow toward New York.
r Ia The failure Of Lake strect houso IN !
has | Hholeea alo bnt aud cap trade, with liabilities
@ Eon. The amount Of S174 900 ana asssss aea
ppy. 500 was announced today. The aeTe
cy"r failures that have taken place here DUR
ss IN the past month ray all be traced to the sa'
lists central caures, viz. FIRST. inadequate caps
aucs 70 b< GIN With SECOND. high rase Of e1pen
) 81 rr,,tc,ally in stote rent DoiuE bu.iuea4
20, q fer ,ltse two circumstances, The merch'
nsh nu1, must have an active and continuous sale
Lhsm Lis eooda to got ahoad. Whenever ~
oaly cem.a ; 1ull ttn,e be gets behind, and, Win
aee | any particular loas or mlhmaniEcment ON
dsy wise, gradually loses until he linda It nee
,tnS ~ sary TO stop.
nosa :, sa Meeksr. s. N. Moore 1 Co.. agents for
.ieri- | Hume Insurance Company. OF New ttav
les OF | have isgued circular to thnlr customsla
fe.s,+.S ~ s~Ao tsP AL. .aaaAPAro'a poAe1ce
IuRhs | that company issued from their house;
!. II |, refund the premiums. They hare made
, aaa proposition upon the telegraphic report OF
! ~. ~. embarrassed condition Of the company.
uGet. The following quotations. for buyinS
be II selling government bends, local etocSs,
isptn aid rilver in this market, this AFTERNOON,
9 A. fnrri=Etd bE Lunt, Preston i hean, DARK
NJ. I.