, 1870-09-07
MONETARY AND COMMERCIAL


1CEanAf EFES1Sj, Scpt- G.
There Ste few changes tn uote in o1r local
finances to-day 4 majority Of the lauks
ttill quote money easy, With nojerate re-
ceipta aud light shipnients to..the country;
but there nro untnistakahle symptoms that
the money market is gradually working closer,
while mary Of our bankcrs ale locking out
ahcaa. and preparing for d Groater demand
for currency.
The mos, noteworthy fact is that Eastern
exchange ID AGAIN weaker. Offerings to-day
wcvc morn free, aud sales between banks
could only te effected At 50ct9s1 90 lseoant.
Wa charged on purchases. ant sales were
generally made Ut paz.
The causc Of this weakness IS varionsly a=-
sigred. There il probably little more e1-
>change making tlaa heretofore, IS our ahip-
ments OF grain arc modetatsly full, and our
the fall stocks being well laid in by our
Icbbe.s- Yes, With oar present rail.
road facilities. the couras Of traie
, beswccr, The E.aHt and tho West II far less
Frasnodic than Of yore. aud neenniary in.-
qualities are coHespondsngly less. It appears
probable that the pleEtiiulness OF exc:9ia,lso
haa much lese to do with the weakness il,a,i Il
growing tcAxcitt OF cur1ency. A indicated IN
cur isstie Of this morning, the greA drop in
rr1Fe= Of produce has fnctfdd naany"p1rties 10
take hold, and thcy needed money to operate
with. OF cnarse there Is nots'lng like ssIin-
the surplus Of one or two Of the banks have
becn worked down quite rs. .closely as.xas
prudent, and they have covered 'br realizing
en- Eastern exchange. Theso Is ap increased
calf for money! but it is principally locnl in !ts
character. the shipments Of currency to the
prospect Of speedy increase IN tue demand
f:oni that quarter. Our grain receipts are
fair in amount, but it takes less money 70
mnse it NEW than usual 1t this season Of: tho
year. =
: Tie recent arn. though destroying hot a
this city, will yet operate to cause : pxrept-
blH GshteEfng in the nouey market, Al tho
to@scs viii te made good almnst .immplistaly,
Ard to do This VIII require the t1aus{srence or
considerable amount Of caah. the iusuf-
anec companies a1o generally disposed to pay
N fasr way 10 make good their losses soon.
an advance in pteniuuls ia already spoken
OF, ana Aamc1ou8 lnxli ances hasc beeu elect
ea s.nce the catastrophe, which, otherwise
nsut not haEe been effected at all. When
The occurrence OF auch Destructive coaa,cra-
tons has TIC effect Of altering the charactay
OF our srr!l3tcrtnrc inttcad of tl,e u,n1f,,r or
l.efcfs1See O! pic'ntu1ss. tho public vii! sEox
fhat they arc beginning to learn the lsssou
which such lieaettrs sloull teach
The var Dcwe tcrrla to he the ennt roIt;n, T.,
fusnce in News York, notwithstanding H., m.
1.ora about t,fecs>ncartn.i b+ar ,uoy,unenl = NJ
bul! ctiqucs. The E,.!l pssmia,o ycereI mn fl,
and down there to-day With shc rccc4ut nf
wa1 or peace news. and tho pries Vi our bands
in London varies in the same way. thar nvar.
aee &c lowcr.there today thzn on SATURDAY.
Gold in New York is hi ,her than yssse:l,*.
lhlee facts indicate that capitalists ia Snw
York sud in Europe do no: attach The same
inro.t snce to the probabilities of an esrly
~ ice rs il Eisible in the West.
The notification. by tho Acting Secrctary oil
tile Treasury, That the new gold notes will mol
he receivable for customs dues, my hlvs
ZONE ebert In enhancing the ptarniun
though We suppose thera arc rerv- feH VIII
anticipated tho contrary. They will be u val
uah!e circulating medium, however: ana. it
the hands Of importesr, their use will ohvish
the necessity Of many tedious computation
u varying profit aud loss aEi.iny out Of tht
fluctuations Of the gold premium.
We have already given SUMMARY OF tAt
fieay1ne review of tho trado xnd commerce
or SeT G.loxc8 -Sr the yeaI c:s,1ias Septc2