, 1870-07-26
MONETARY IND COMMERCIAL


MoShAS ETESESti. .THF ~
Markets eui inanece continue tul. aud I'LL
satisfactory. The condition If Io,.si .ina...ts
s!'rE,t- 20 largely ur'E tlie E:a,n n ars us
:Eat "hru they are wavcting between . con-
siderable advance AMI considerable define
a. they n"w rten to sc, tinauces are dali
fo:y tiiosss sSEas 10 10 il, view OF the fuure
. The certainty pf WAT ia Europe mikes nr,,>-
fcet Ct higher prices fnT wheat which the ces.-
s.i',, Of the :rsiu here, aral tlle c7n:M,laEc.a
ce close. tWeltei!liS weather, foriIs l., either
si'-tn'ators ur shipper. in this ml.ke. tur
ltic OF rcn'tz!ng. III this condition OF tiIiuss,
r' one knows what to do. Operators
are afraid to shlr, and nfraiI 10 sill.
The alrlc>t certainty also Of al uu;,r..sele:r.
& crop OF cnrn this fall. ~L:.l will be::y, TO
ccr.,e in quite freely tive G. -ix sycek- H.ucs.
while VIC hayc s;ill near 2,e}3.niAl bushels in
e:'rc here. held st II cents r.r sa-ltl in gold
;i:er than at this tinle last y.qr. mikes the
s:a.'ls Of this kim. nj grain alra move on
s!o"ly. This condition OF things j. sl,ov,l III
;::e scanfy eurjly OF eAc.,a,ge. Which I,as
n:a's" an alsaaco in its prize ,lcccr-ary to-
E7v- ,..
Exchange was sold between the :,l.ls to.
LAY at fr.n a., rcr :l'sN ,!,-.,u1t 10 sar, te.
III; AZ, ahancc of f-.ra IN, "a 80. ri :1,J3i
s1nce Satursny, At thc coniltcr hankcss eel,
=" l-lt Ai-rt,.,,at.
I7:ss decline III railway sttSts during ,ha
r2-t TWO or thrH, Weeks wa 1,er',,ns ,,artly
!. Ge Ia the fse; tint y few ut the le.,li,l,
s,'crks which were larsel~l, III in Ian W.,
forced To sale ~ l'anherp WHO hell them On
>.'ttnation. An additional a:Hl pr, r,,t.a.lr ,uurr
Ii:teEt ca,sc w.s tia: rhe a,s'9ll rive c1,u,sl
~ Ntw Hmk va. @ srrat extent invested III
the speculation in gsla Whit /. w:e ..i'>u;ht
would advance To 1;o az Isl AZ soon az s:lr
ua- declared in Enrore. The gull spec
u:a,iou, however. has tau, fsr .iss:e
Tointe1 slle spccu1afors. - n. I'll" lsi:h,-! ii.;-
nre~ ct tn-tlas it il nulv ,''z c-t,. Et..r :ll!
OIL June l. Az railway -te>ks refl,s,t u de-
cline in Mar,h and April corresponding T., tn,
',.cliue ii. snli TO I'm, 80 they HOW refuse to
advance when gold Es-e= INTO tic tw.n,its. \.
lie TING when guild vas gradually falling tn
1;n. it va- not believed thai there WAS FL
large all amount of grain Of list years crop in
the country to move. aud 81 :l.n then low prices
for grain il VIVA reasonable 10 expect i light
freightn:; tsrinesr ft,r the raii.'sds. So'with-
'aF Aept ,' mr. the ard TsSs %.nv OF Of st1s 'ssn
advanced largely Now that ali tin conditions
are reversed. and the PROSPECT OF war and thu
large growing crosa make j. reasonable IA ex-
poet large tEt'Ih''ng hasine-, for tic roads.
the rficen of stocks have. cnriot1slv enough
Gttiuei Az gold advanced.
Onr Eastern exchanges report an active in-
vessmcnt demand for $40 honds fur new banks
I to l9 orEani2es. ntlter the reecut Banking anil
currency aet. And 1t reenas altogether pro.a"le
ihat ut least thirty or forty millions OF bonl-
"l4l 't 9ft!hlseu 4"s tkat purpose AnrtfE thc
| !,ext two or thret. months. and that the whole
I sixty millions If bonds th.t will BE- 1eluHe,l
! al security for the S54,glAAN OF new hank
circulation authorized will be purchased wi,hi,
i the neat i've or siA months.
The European var has put an eflee.ua1 veto
"n any attempt on the part "t Ms. R,u:wc!l
!" ilsansufage the fnn.!i1S Of the deb, At a
lover rate Of interest. When c,r eper cent
| bonds decline II f'er cen: in foreign markets
it q Iselefs to talk alont toati::g Hcr cent
loan there 4. par.
Tie alteration Of bank checks. by raising
| checks for small amounts to larger n7.-. is
! still exciting some comment in the E1ss. 81
several attempts at frard, by thar p,e.ns, have
f.centlr te.u made. anil \ correspondent OF 4
ni1sdclrha r,Ier suggests I very simple and
effective tafcG'aEd 11oul any great lt,--
VIZ. To have two, or even three, re.,
uf check books> ono for amounts nn,ler S51
aud one for amounts under 800. The cheek:
in the Different 1sooks 10 have ''n,1ez h(t,
dollars" or .tuntlct one huu1rcl doasp' pr1at
ID across their faces Tli-, At least, xouit
prevent any attempt At fraud By raising sinai
clIecke to Large ones.
In the present general interest in French
finances the following explanations may no
lie uniuterestiug. Franc exchange" IL
paz uhtn quoted =. :'.lG,1s. Thst i to SAY,
fraucr aud l6S. eensilnes to ahc dull1t. Da
quoted At 5.::a'. for instance. Or any figure
higher than the par Of 5.161't, it shows .L,
rs1is exchange i helo* PR, because large
amount Of Paris fluids il sircn fer lo.ia1
Thns 30 would be 81 cettimea below par
while 5.l3 would h.. 81 above par.
The Cye,tit Meh!lter Is a JOINT stn.I company
fnuntteti in Fans unt!er au oflctal decree ct NJ
stl,itr1 j., l<f. with capital NJ NN francs
for The trau.artlou u! general ta:lklnx buaness
and with II. pfn!rsstsl oj:tt OF allng IL ever
tmtR.tant public wDES, OF promoting every Ill
Agua.ic form of Industry, III cpn<ols sl1tlns into
common s,ptk the Aha.t5 AMI ts1uls u ftA La
companies II lnck every foE1u Of security tnot
almost evesy enterprise thai Offered. hat Issue
lts gunrantr or aid 10 every eonre;rahle nsajec
II 1na.e money rapidly IT drst. and lts shares
.sp fraacs each tuse rutg1nuuSi! On Ehe narSel
tut II II on bcea1le much tuSolytel- owln2 to u
eNt.aEngaEce uf its p.ojcc:$, and the tds.'Es
arr character of tts vtu:Lr.S- The net rfo3tS
lsts reached g oco mn trancs
The nrutes are the French public innts or M
c debt sctur1ues, mostly ID the form Of persetH
nnnuitits, and answer IN general terms ~ u
bpELs or pubic securities Of other nations
Tie Philadelphia Ltsi9e7- OF the l3th has II
following in regard to tue anthracite coal su
ply: .,,,,
Gle coal difficulties either as 10 tue eight no
0 lAw or the resumption OF taaor In the Stlns!Ht
region. 4 despatch from Scranton On the 10
i inst. SAYS: Ft0m present Indications the coute!
A pateri strike OF The miners IN fAvor of the elt
hvur law will pcuse an entire falluir. Tlc u;
ls:'h a.'''~: 'Ts ~ :r' t,r,rrr mi IN" r.Se
- t.rHt l VII. i ,lJs, D.