, 1872-11-05
MONEY AND COMMERCE,
MONETARY.

rather quiet to-day, thongh no effect Of the
hindrance to trade from the horse distemper WAS
discorerable at the banks. Money continues
stringent Jet, and as some Of the pork-packers
are checking heavily on their balances, and, in
some instances, are asking for large accommoda-
tions, the supply Of loanable funds in the banks
is decreasing rather than otherwise. Currency
Is still coming in from the country and mer-
chants report moderate SUCCESS IN coAectlons,
but the demand for money is still largely III e1-
cess of tho supply, and, in the open market, good
month.
The supply OF New York exchange on the mar
ket il smaller than week ago, and sold for 60c
per 81 900 premium between banks to-day.
THE PUBLIC DEBr STATEMENT
for Nor. / shows the following changes since
Reductions. .-..
{ 1,cr cent bonds outstanding. $9.091 100
nrr cent certificates outstanding. 11555 600
Golu certificates outstanding. .............. 3485 760
Miscellaneous 1natured debt. 256o
a4,13a, 400
increase.
United States notes. S4ob3btA
fractional currency. a,ooo'372
Accrued interest,". o,s9a,41'
w.. r.,u,t,on . sl3I EI995,,s5S IS, ,s5S
The figures represent that the amount Of
cash in the Treasury is S4,390, ,526 greater on
nov. than on Oct. L.; This would Y make the
debt. less cash in the Treasury, S5,129, GIG less
thar on Oct l. But it will be remembered that,
according to Treasurer Spinner's statement, pub
lisled few months ago, it is the custom Of the
Treasury to hold a large amount Of The called"
bonds t1at have been redeemed but not cancel-
ed, as 80 much " cash in the Treasury at least
this is the head under which they are placed for
the published statement Of the debt-but among
the Treasury officials, Treasurer spinne;r.
admits that it is called Sloan Account"
Tho Hiatt a f1rf 1RGt tbHrA has
not been rs much cash in the Treasury at any
time, as the debt statements claimed. The
per cent bonds that have been called In and re-
deemed, have first been deducted from the
auoant OF per cent debt outstanding, and then
held without cancellation and counted as SO
much in the Treasury. 1t is by this kind Of g
juggle that the reductions Of the "debt less
cash in the Treasury" are made to appear when
debt statement of November l claims that
the "debt less cash in Treasury"
has been reduced 5,22S, 1T since Oct. I, but,
according to Treasurer Spinner's testimony, pub
in the Treasury are to . large extent fictitious.
It is, therefore; impossible to tell whsther there
is any such amount OF cash in the Treasury as
1lr. Boutwell, claims or not It is possible that
$4,000. 900 or $50 900 600 Of it may be bonds
that have becn redeemed but not cancelled, and
held under the head OF Is loan account" Larger
amounts than this have been SO held and called
.;cash," when. in fact, they were LA
Dl!ls1eB WHICH L0e GOVERNMENT 1aQ
paid, and which ought to have been cancelled at
once. In short. there is no confidence to be
1,l;ec3 III the debt statement and there is reason
to douit whether there was any such reduction
OF tie debt in October as s., ,228, AIT claimed in
the statement.
EELEz1pI1oN OF n1UTuATED CURRENCY.
Tho Postmaster General has issued a circular,
in which is stated the duty Of Postmasters to
register without fee all 1ettars containing frac-
tional or other currency O. the United States
sent to the Treasurer Of the United States for
redemption. and deIyeredto them for mailing,
under the regulation prescribed in the circular.
spEcIE FROM PARIS TO LONDON.
The return OF the Bank Of England for the
week ending on the 18th Of October shows that
that institution gained E405. 900 III coin. which
gives color to special despatch that s400,000
THIS despatch says that more transfers Of this
kind will be made. There is no reason to re-
gard this as any special operation designed to
afford relief at London. The present condition
Of exchanges betwe2n Paris and London confers
nc advantage on the remittance Of bills IS COM
pared with specie and gold being as available
for transmission to London as bills Of exchange,
,eis7,s which would draw there no interest,
would be quito likely to send them to London,
where thcy would draw 4@5 per cent interest.
COLLISION WITH BANK ROBBERS
The Philadelphia Ledger says: "It is ru-
uoored that the perpetrators Of the recent bank
robbery at Waterford have offered to compro
mise with The bank Directors for 90 per cent Of
their plurder and that the latter refuse, but
make counter offer to pay 10 per cent for the
recovery Of the stolen bonds. This compromis-
ing and compromising by banks with burglars
after the fact is step IN the same direction OF
collusion By burglars with the police before the
fact"