, 1872-11-14
MONEY AND COMMERCE.,
MONETARY,


WEDNESDAY EVENING. Nov. Is.
In the local money market ,natters continued
ouiet. The sunn1v ., 1oonnh7a f,naa ia small.
80 ~ 1oHu1D,o ...9..,- - e.u;aaa.s
anu lne market may oe called deeloeo4y sttlusen.
yet, though the demand is not pressing Ike II
was few weeks ago, and there is very little COM
merciaI paper in the open market. We hear OF a
r-..i:-t-1-~- I..:.t;.,, ro- 1oroa 1oona
&C" p71s1ee "nose nesot,aAlou1 ~ Des.1-
on mortgages have been broken OIL oy tne oos'on
fire, but it is believed that the interruption WILL
be only temporary, as the loan agents
1ora oran,ara1r ensnended negotiations in sorna
'1:1 49,. 1soar o roora oxn,;c;+17 fro,, s,,ot,
casess until tney near anoie eApuIi'!y Ato.n suca
OF their principals as may pe a1ecleo Dy the hre.
The effects Of the horse disease upon finances
are quite perceptible. Merchants in nearly all
tines of trade hare been unable to deliver rooda
nnse 1919 y. ~ aa11o.s aa5 ,,as,s go. souu''
aoo onap'e ~ eouee1, aua na'e' consequently,
been compelled 10 oorrow OF the banks. Had it
Dot been for this unfortunate interruption Of
1rade, money would have been much easier than
at nresent t1,onpb +ha INV nr;cas ~ 77rodr,ct.
IN he countrv 1y6n,d ma11o co}Iectiona s1orr NJ
ssye qnfa7ogs5ls sfsst ct. q tsads gsnetally;
1,oraa d;seasa and ia Rostan f;ra favs tana,+har
Ia 60 I;tta ~ ~ aaot
NeW YorE e1chanoa waa r. 1;tt1e rnora ahnndant
TO-DAY and sod hatwenn hanls At 5c ner s1 nm
p4TH'aun ,a +ror, .,, ,,,,oa
Paeta 80 aead 10 10 pai4.s 81
Gorarnn,ant bnnaa and raifrag e+oc. p4'es ra pa
former are fuv 10 to 9TH the prices before iba re
raaa stnc1.a fa4 ~ 1asi ,an-ti e ~ "
~ ~ fo r1Se f 1sSn Ivy are
-,eS W Li;asad -. ~ 1s Sos ..
;nenrsnca coTnnsnes oso csn;t,7 IL 'e ,s @vrod
,s4 ~ Hn5 a;i1 mtuso captIu Mas "lpeu
49,, - suo n1e 5 W. supssa;po ao" eap4ta'' pay
'Ae' 4oe'es' a,1a l. iesurle ea, - ousll1ess;
Tho t,;,,,ro - po"Ias D.. = ~ 5oo. .4
IAe laiIate u Do"4es plos- q 20 ooe5 noI
se4uuIteu 1us1 oueiHess - y 1ooso iuauhei.
49, ;, ~ =. ns u 1 .ns ttseu ~ VIII Mhicn
as5asu te..sls " eleds ~ ~ tespesaoty-
nngceeu -ilt n1 trtGln ~ t u Europe An
pa.s 49, a.,e 49, a. tnei. -
- 1ozan Enrone,n hanIa autlnr;1;ner ~ ~ ~
70 uozgn European oanss, au1noI,zlng 9lm a6 70
~ s m mn ~ na at ~ 4a aaara
D1e, nt1.a.a = ~ ~ s y. W. a1eoo.o. .t
- nioatota q ~, ueahaea ~ neGu1lty
,rs a;ra5 ~ - ;,e 4as ~ ~ 'is. a. snse
a Be.1eo 7,1a.;a ~ @ 80 ~. mnea He ue"
he ehoud i've 4o ihair Ary c9,Ios,,ondant " qo,
s,haa ~ sIou ~ s!se " LEI collesponaenk VINO
cashea t;l ne atratt check upon any banker N
- 7o ets aI;4 "nei1 eno uAA"e. IIs1lneu ~
tinued this system Of bnsiness for
several years and remnrob7e IA Il mav aeano ~ 4
Ta5 claimed for long time that they met with
no considerable losses. While this was doubt
AM in n u e a1 pr.oe re 81
rLat NJ 1,,7,dent h9 Wo,iA +oLa ard =
seems this was finally one Of the main causes of
Their failure. Last week the BoYles Brothers
applied to Drexel, Morgan d Co. to
make some arrangement for protecting
letters of credit then in their hanis
S-orea-, = - Jaa,;,ea ~ ann.,.,s ou' DteAsi'
-ao16en o. w. oesnt4eu " eaasut4ie any suIu IT,
sponstb1ntF WITHOUT security, which the Bowleses
we're unable to give, AMI the negotiations failed.
Inc New ao1A agent OF Inc t3o"les brothers
says That every autumn they have experienced 3
pressure Tor money when A1ner1canH began to
come nome alter their summer tours. This fall,
1hey nave 1alleu to collect on large amount Of
drafts drawn without authority, by tourists, and,
as the actual capital OF the BoElesea was small
compared to the extent and risks OF their busl-
ness, they 1aAed. !he event mas more hnanc.a1
interest In view OF the insecurity OF doing busi-
ness upon honof, than It has u connection
VIII the lose to the publlc which Will not exceed
S5oe,ouo, and may possibly be much less
TO PREVENT TIE SALE OF STOLEN BONDS,
me Legislature OF the state Of Ne" York passed
L." Ii Ma1cns 1871, whereby the holders and
owners OF the bonds OF any corporation OF that
State could render them non-negotiable. When
ever the bonds OF corporations in the State Of
New York are offered for sale, purchasers should
bear this legRi provision IN mind, viz:
SECTION l. It shall be lawful for any person or
persons owning and holding any railroad mortgage
bonds Or other cofporaie bonds uor which registry
an " @ @ OF "a1cn @
Staie ana Which are made nsvahle tn Isarer r. ren.
der tie same non-negotiabe ~ the owner md holder
indorsing upon the same and subscribing statement
n9 the principal sum Of money mentioned in
SEC = The bonds described and referred to in the