, 1870-11-17
MONETARY AND CON MER GlAL,


WEn:;;--. -.1-..':.... ~
Tho decline in the price OF consois from 93
States lonas from 6s>f yesterday 10 SIX to-
Gay in the London market, Ia Ike the falling
Of y barometer that indicates the approach Of
another storm OF war in Europe. Consoa
have fallen the least but the decline OF u OF
one rer cent. in their price is even more IN
circles Of London than the decline Of 119 in
United st1iea bonds. Cnnsols are, on the
average, the flrnaeat government stock In the
worlA. They are sustained not only BY the
ipe strength Of b.t h,sa z't S9t Sy b,s tas
aoea. sns s During he frrt lev Weeks .tter it b.
came apr aren't that the Cdmean war WAS iuesi-
table, ,coneols fell si1 per cent, and now thatths
war cloud begins 70 g.ther again in the ssms 70
influence. Tor fifty seaEs, 1ussia has been
locking for WY into India The natural
route Tor her would be by the possession OF
! Turkey in both Europe and Asia So great an
empire ~ Russia viii not Be content to be shut
| of from tie ocean with no better porta than
those GU the Baltic, closed half the year by ice,
| or tboae on tho Blsck Sea, which only counects
| with the lccan commence Of the world through h
the Tu1ki-h fortres.ess on the Dardanelles.
Russia ii ambitious Of possessing "a great port
ia not bectuse ct any new grievance. hut be-
has waited so1oug. oi the allied po that
defeated her in tho former attempt, France
il roA olAy eeconl-raie power in etata Of
anarchy from overwhelming defcas, and Eng
land finds herself In poeition where she
tcsrcesy dares to SO to war, With the Aia-
t1ma claims still unsettled, the retributton
for Eoglauds own course In connection With
our late war would fall onher shipping. Tue
and EnglLh commerce would receive rata!
blow. This is Russihs long-sonGht
opportunity. With 80 powerful m ally n
Prussia, she can enter the tield with conn.
ceree- Europe see1ns 70 be On the !e!ge o.
The greatest erenta in her history, and, IN ths
&c alternative for England but to go to waz
or else submit, and t1mely sec Rnssa tax
the i1tt step in the course that will eventual.
| deprive her Ut her Indian poseessions. Tn
, progrete OF the present. war has thus Tar
caused an enormous increase Of trade in 0tea
Bsitaiu-the business ct tho spiuness has beer
stimulated BY the stoppaGe OF mAnufacture'
1 | In Fr1nce-and, at the recent quaItert
reeting Of the Manchester Chamber 0
Conmerrr. it was stated that The Man
? whelmed with goods Of Ill kinds, TIA
it was With The greatest difficulty they. coul
transport them Ill. Bat she should be M
able to extricate heraelf from her presen
: embarrassing position, aud is obliged to E
|. into general European waI. much OF thl
Aet1Faty OF TRACE III eulPl'luh AA4 a'an0' 's%AA'S
= would be transferred 10 the United States.
$ There vas little more activity in the none
i market to-day The demand has been Il
. creased some. probably. BY the potk.r.ckeEs
= who find the present wcatber favorable I
Z packing. Over on the Mississippi there hAs
J. been eIow1 at various points, and the wetths
:. has teen even more favorable Tor paes1n
), than here. There has, howeve1, bean y
}. marked demand from the country for Gu
. rency ret, and the banks hare experienced u
r. decline tY deposits They arc still sccomm'
!, dating all regular euatomars It regular rate
II Exchange is gstsing searco again. N sol
T. bctkeeu banks to-day 1t from Soc to 60c p
E. $1,000 premium. At the counter b.uks
i continue to sell at lilo premium, md to bs
at from par to LILO discount
I. The following quotations for buying Al
~ selling government bonds, local stocks, u
Ia l land warrants In this market this aftotuot
ri are furnished BY Messrs. 1unt, Preston