, 1870-08-12
MONETARY IND COMMERCIAL.

TI1rIspAy EYES1Nd. Aur.

THURSDAY EvES1NG, AuSt H.
EvnrSthsng indicates that the money mar
Lets Of the country, gcnerallT, ara about to
exnerence a change to st1iuEeucy. In this
market the or1ers from the country for cur
rcncr are gradually increasing, day by day.
The rttsck or currency here has been run down
until, to-day, three banks were obliged to Or
Her rcmlttancee Of currency from Nav York.
lly tile Cincinnati papers OF yes:ers]av. we
!errn that tho country Demand fov currency
is large, and tho banks Of TINT city anticipate
beng obliged 10 order curreucy from New
York tn day or two. The first b+le
o. new cotton has arrived i'll New York, and
nu sa vssk o Or se s,Ee IN tse
The demand from all quarters of the country
tnr currency will be lirgo and nearly simu1-
tancous, and in the present condition OF tho
currency, which is mora dispersed than ever
fsefore At tLia season OF The year, can scarcely
ta'l to mako an excessive s'na3seney, il
movement Of currency to the country
in May and June was larger than
usEal at that se7eun, owing II tho t1Ey.r
nmouut OF producta Of all kinds that had b4eu
held orer lty the farmers, and this currency
cid not cs,mc back to the ci,ien in Juls, ~ has
always heretofore been tile c1ea but larS.
proportion OF u il employod in thu marketing
okRtain, and absorbed In the general incrc1rt
OF country traffic, Much OF it vas also dfAwu
into the Eatinnal Treasury hv tho incs,'n: t-s
PAYMENTS, ard the Treasury now t'oll. 81. .HH'
0Nl Of currency aEainst h lttto oreE $ca4,,-
d, COO at this time last gear. The tlcnlanl for
currency will b. 20 urgent within tho next
thirty days thlt the Treasury cannot consist
tEt:r refnse to inrrra4e it~ t.ond Turchases
eu "a to let out Sa6, OCT, coo or e.7,'NJ, ,u9Y Of
cnrrcrcy. and so bring ita currency balance
tlnwt to about 81, OK, ,na0, as it was on Sep
ally not mako currency plenty hix weeks
lwnce. becausc there IL not only much moro
! lroslrco in the country to moro than At THU
time Last year, hu, the grain crop IL likely to
ccme forward more promptly than u-ual.
Tie s,'F!,t aesl1ps in the nt!s;; Of 10th con
LAY, from tile opening prices OF tits morning,
ltilects the prospect OF tho French army a'e-
ing placed Nr,;3er tho cntnulau1 OF batter Cen
trails, and retrieving their reveFsca OF the LAST
weak. Il i. not improbable th,t tl,e heaviest
! hattie OF tie war is yet to be focgas, though
! ever. Thing points to speedy Termination Of
he Wet. sTlir military. spirit Of Fsancs II
thoroughly aEnnseI, and will not te satisfied
t ui'ho1;t fair chance at the cEemy, and unI..z
.. least respectable gencralship- Franeo will
rrt make rc.-e in her preset: position OF
,.rnili.tion: l;nt there was no ca''so for tht
W.T., aud the French p oIle know it; and
| Whoever rules France can only 10 80 hE
| getting her ort OF tho ecrapo AZ soon A.
! cssibie, hut At tho same ti,no mus
| cst Fer ont Of it with her rc}f-zeso1cs re-
!; stored. The chances. therefore. for nort
eLd harder fighting ara good. but the chances
| EIr ai.eeGy termination Of the war arc cQaa!
| ,y good.
| i1:e rcrolts of tho Investment don,al il
ls1is for Cnitesl States lonls show what va:
rr. aicte1 At the fret intimatiou Of war, viz
that the rsrita1 Of the countries involved II
| ste WAY would. In u1anF instances. .eek in
rcrsment in United s;t,tes lr.rls as sumo
firing that was secure from the contingencies
Of war. In 4'fnssis, the people have take1
tle new prussian loan of Isl, ,tJA. .fH3 tiiale7,
out OF I'ufe enthusiasm. while the 1,anaera
l'asc retained their more t-uiitltle is,vest
ments in u iie1 States bonls.
The local money market is g1a,inally work
in. ciorcr. Ike banks acnoa!:uoi.ts =! o
tLclr rfSuiar Customer. ~..so are r:,:::.oa 4
accommodation, LIt the tecIe!cy i6 :ova.,
st.;ngcEcy. MIL will probably be more matke
in THAT dirtcti within ttc nr1t few i1.a.
When it is considered that we l,avo fa:1
millicn tushel* OF grain CT al ki:,;ls ii, s.ov
in Chicago at tie pgescn! time, against les
than ono million bushels at t.;s tiulc f1>: .ca,
it wilt be apparent that II then. is no: AT y
tlvc shipping r.ovcn,.s,t soo., there cl's!'t
help l,cinr pinch in the nsuacr L. iss'k.: $ os,
,itue this fall. Somebody's capital is l,:ac
MP in large ayn2rut OF grain ae}l j.. s:os
!" rt. and nhetl,er il i. country etIt d q;
Capital its inactivity will lie seversly felt.
Currency orders NeTe received iroal a
lu.rters Of the conntry to-day. aud the AZ 'sai
e.sae out il g1adu,lly in ,ea=i.:s,
l.cLanee ens lower to-c:s. owing to II
. scas,itS OF cssrr,lcy. which rl1dS =o!ue ot II
b'rl:a free sal!ers OF exchange ). Sly p
/ s1.No OF for s,!es between banks. \. II
counter, bankers sell at fr:,ta pA- to LID pr
, ,..:u1n. Some Of tho hank. hsTs caangt
. II cir buying rair at tic cpu:.rr to Il. 80 p,
. sl,nN of, it1sttaa Of 1-10 OF. This will pso
ably soo,, DC the rate With all. as essh1oGs
, roa against Nev York in all tho rrincip
: cit;cs Of the II ne,t aci1 South, and VIA co
'inae ro until sufficient currency has tcs
trnnght cut to move the crops.
, The following Quotations Cor god in "
) | xe1k ard bonds in Loaluu veto resolved
! T. Stnrrt,