, 1870-09-04
MONETARY AND COMMERCIAL.
MONETARY.


Luso &c has virtually closed, tAnuSn t.,e eom-
! Ia',ca Of an opposition may he ktut mp by the
ErcEsh people for few day. longer. Gu.
sic. .-tantuc despatrhes anuuuhce t4at Sa,.o-
u u. !, been t.ken prisoner. WITH the will.
II MarsEahons corpE. Ti.in is Weakening Of
I 3 nootiouray uneq'lA 10 shet-sk assumed
io'1' hy tie cx-Emperor, lefose It's strength
:a- thus lce=cned. Peace in Eleope caa
-.,arcciy he long deferred.
iie surrender, or clptu-r, orcarrel on
Thursday. and j: il evident tlsas the pru:.'a1s
::',e~ Of it one dny. e:r'iee than wo did: it is
ITO csint Ut thst they sarte1 the IA Il ~ ons
i conclrriye importance; tae ?rlcs OF Uuitod
.:a.is bonds Advanced ~ f:oal VIC ines lay.
=: c sa,ne in1:cstio1 is fg.Eithel BY the l.osi-
ri market. where bonds have advanced II
II: /. fi,,cL Tues11y. RI: -,Itisiaus may hayo
.et, gullea by false AeSa, but the other
.,o1 eyed CENTRES of Europe have felt the my5-
cys' u influence OF prus5,3u vcrory. aud thair
AIT: LIS evidently accept t Al hall; though
ey ul.!oa t.tly fca]izc the po--iaility of
.cT,hes compile 1tioas. AL, :u:: ". Moro
..ls ot!s he'd, arising out Of the cfDrl to settle
l1e'.isrutcd question Of h3undsry hessea-.
'e: :rc cuiiteraipS natlons.
There may tse some who think ,hat the clo:s
=: tte var will ortr1tc ts.ea.troas,y on Ame--
!: N senmc'ca ard Glaacee. Tho probabi,l-
't4 arc aato, ,,eth9t in tie co7:rary DIRECTION.
.tn stimulated, hut neither 10 a great e.
I'll, aud tue latter has almost ncuttaiized tue
GElirr in the movement Of Prices. II o;,r
Western markets had heen r1la up to high
figures. the Consequences might have beeu
panic which would luyo1va numerous failures
..ns We a1e ai-eaay AZ .nr bottom. and 70
net tecliue II now to be feared. Rather We
-:ay expect tcaction. which will carry up
;r:r-s 10 point not to have b.en 70 ached b.
A.. s:nie=s la:'g and protsa.ts1-
Oar produce E1atkeLs ato now love. th.1
hey we're before the wM. Compare the qu3.
ailu.s Of two nlolsas 4yo with those " t..
ay. We give the leading grade OF ea.h ar.ic1e.
::ioef.. e6so s4.sa aaI5
;aa .n....::...... si,:ssis: ~; ' & ssls.A . az
''s.- '..s'..-.'' s91'eSss. = e ast
ani.:......... :. ...sg: :s:s i5x = Is
l. IA. il ,l.zt u1r Western specusa;or1
.etn. ia g smelling the battle a.ar oI,"
;'ey z'"as. 2:tleip,to the effects OF
=" :.crcu.s;:. go flv in ai-aace that i. ls
r, :.E,ea c'a2 lit u assoc:a,e t'te c1l.: r.s'.
~. l.r iusten.e. before tho fisS.
to Of var wss sounded. wasAt hal
'er :rc up %. ~ hiync1s point tsl.4o), ana
s's't gull r &c: Gle VIA rte"entel Of a sap-
y !. .eir'uE tna.Ass here. simultaneously
II li'se!y i.c.-assl export lcaasad {: ths
o,!N-I3. IL ;he war neEs OF tue past folr
ct LIZ Orf lt1tl UnG-A1Qf1 1AFO EIQA
III. .e,a cut tna TACT OF speedy triumph for
i c Prurslau army, mi t.. collue:i3G Of
-taee IRON unwilling FIancc- Helce tho de-
cling. which Is otherwise uu9ceountable. The
Itcta OF Peace have been attained, in nd
ssrcc Of its declaration anu it would be only
'onai-sent With the precedent OF four w,cE.
70. i! another reaction should ensua, and
rncss adyance, instead OF further recodi7g.
.As Indicated in our Commercial. the rio Ia II
t'c war will give AL Opportunity to bo.h OF
= e co1teodiuc uatioos 10 sue t1ox mash tlaev
ave lo-t On tue double process Of war waa.a
n treadstaffs and stock aud neglect Of the
growing crops. Their deficits will be great,
nd must lie mes-nsrtially 1t least. The
otton trade Of the Soath will also be revived.
I'd illus su important ssc::ua Of our coGa:.s
wi at -.ce v akc:l M Tito reuawed activity.
lille the South will tie allie 10 buy from the
-,orinwest our surplus Of POI = anl meats. a1l
rus ir:use IN addi:;oa4. l.1,itess uato our
Ior!:'oa trade. PeAre ~ Europe, therefore.
,;ieaus greater call on tie West for her pre-
ICE, and til. means ttt.s.er prices.
lie lsntnt G!a.e li1ntlA etfecie will be-
rchasiy. diEinutiou Ut the gold premium.
'h'ci. csn scareslv rate atove 10 OF Il pcr
>ent. ARd cutstide4afie advance ID tbs price
our ttnl. iu the European n71klss,-an
vance which has sire .411 begun The reo-
~ Of the Gid World will invest il Cnited
,;z'ts securities more largely than ever, for
he cou5le reason THAT they vler = better rAte
); interest. and ate outside Of any fututo in-
.uchce which may 6e produced on European
ttIr.tles by further complications between
-, :,-eat Fc1ess, arising out OF d,t6catties
a;sed III the p!eseht contest.
lhtf- IS little new in local unsucia! c:rs1c7.
"c EXCEPT ~eake..ieg ii. Eas.Lra e1-
'sN sc, which is pa, tally dae to war cause3.
IT n4ofe particularly to tre Inequalities Of
''::'n set:!en cuts mace during the past two
lays q this month, rad to deposits u4de on
oaeccteps- Several OF our aaaks haye kept
:le'n=slses ell sup1'lied aiti Eas-era CREDIT
4 1eadine Sd for atty sudden demands which
light A1se III coassGusneo VI war e-cite-
'nea,t', aud Ties. wele veake1el a,mewhat
~ tic reEs Of peace. Then the settlements
= Ers:a options brought opt large bs'4nees 1t
Es .:e:--iug Hol<e, s.ich hsi 10 be met. aud
"a S.sast Ct Ills w1s Ii 7eras offerings OF ex-
: ll:Se this morning On the part Of bauks,
wEtle feE wanted it-in uupolite paSiauce,
several lots went begging.
Ire eufcl OF th4s was reduction in the
rt:es. AeeT los wr-c B,,iis be,xee;, banks IT
.'.:. r. w. .ra'ss u s+..cral s4its i. S cents
l~r si.o.U e'.c ,lut- Over lie c3anier sstes
were T7atte Al frog, pa to LID OF per cen.
;em1Cu. aEd purchase 1t 1-lr Of PEI cent
'!l=etuut- The uder;us5 OF es~::ase from
IeieSauss Et - Only li.ht.
IEa nonfy market sill rui,s quit. AMI Of
'ttinE' q rt.me l,ulne-s paper are small, and
Z rralils supplied hy tbs required funds.
~er'. u lAe lsnAs. hoseres, report Al ia-
s1e:ze2 demand frem the country, iadica.i1g
sFsafeF waI'lnEhtss IS to forward produce 1t cur
rent prices. There is little change in the
,mor',t Of funds held By tie banks. Colle~-
i'Is. aufirg The last day or two, have been
3rite .a1r. ard t:.erc Il 10 noticeable dim.nu-
| i'm iu the h:c Of deposits to-day.
NJ George 4. Ives, manager of the C.es1-
7 2 Heusc, farn;,hes the following SUNNY;
t1slnes1 transacted 1t that institution fo.
he ~eek ending to-day:
! p0S'- t9-arfnqk, EdIdnnex.
4 IN