The sun., 1872-04-15
FISAkoIAE AND COMMERCIAL.

unusual excitemcnt, occssioned by the excess
I've monetary stringency, which marke ed the raj -
~ high rs A&tS of one D cent. y diem. Only
about th,CCaGO0 was temporarily withdrawn from
use 10y prominent stock operst.r on the bem
sido 81 th5 nlarkot, but the banks were 20 Inn
pOVCrished because Of their dargcroitfdy-ex
pailded enndltirn that thi. email sum taken
from their vaults in the form Of legal tenders at
once caused mach alarm among the uficials and
tho remark shle anomaly daily presented of
ihe BANK managers IN active competition with
street borrowers for available funde with which
tomaAo Wy h.lr BALANCES at the Clearing llnufe.
\ more hunnitt'iG fa-t ho. not beer recently
chrgiicied when y IL remembered that th" Nov
YORK c,ty banks constitute the reat reScrsuir
oss Of SiRpIy :sSSoc, can e develop y sS@S @ weak ak
ness and alarm bow much uorc serloue the With
urawa al OF SlO,OUUOOl OF t4a-JOoluO1 Aside itOin
the ombarrass npnts to The mercantile rominu-
nifty by the recent "h,ck-up," which We deplore,
Sc TsSS ssnk 'nS% sTs Se
ccpt the warning thus presented them and take
a. n placing their ensnSc & on stros sr
tive II good results, aud some check has been
rlycn 20 the wild spirit Of imitation.
percentage Of re-etSe since isG8 and The to-
tai average reserve ls several millions less
when tie reserves o the banks were drawn
Down to the greaiest extent possible by the bull
stoned anxiety among tho more reflective nnan-
cieia, who have Mt disguised the reckless ten
ward a fnsncsi crash on a greenSacE basis,
wien specie was the STANDARD.
The railway share market has reflected
the cAtrcme etringency of money, and not
only weak but many s'rone holders have
ulativc fagontcs In anticipation Of lower
prces Th, re has been, Therefore, quite shift
Of stock asslsted by the inanipulai Ions Of ~ uc
Of the clquts, and priccs have fallen durinc the
bear operator having quite tetnofnilsed he .uii
clipuos of the market Ia reported to have pur-
chased heavily during the late days of the week,
ana There Hltue Indications that also the
cent bulls who sold out ut about the lowest quo
campaen IN H." Present Standard Of pr,r"s O'"
he volume Uf busine's to-day has been mod-
eTsstr, rs With heavy t,ellng adm ~ mrk"t
orcnlnr. hul utd,t the lcafrrship of NorhScucrn
V"s sS1sy SR s.SpGS sharp decline iHS 9 pen
cum ait@t oclocS T6es NortsN c'Srn q itfS com
w ' r iGin i,,.r - sx h'fs HGd usapR m t,cnc, &
c,,..,t small ~ oun. - receipts Of nc road. aud
Sff sF's9 sss 81 fas1 n,r, II ST0'f9s ST sS%yy
hond,,. rrciac nen vns, wssk. bee,use Of
q "s Sapl @ H%'SlrfTS q 'SS Scupsl 'gr,
sd i! !. !.Fa sFa Sss ySfE cesifs:, kSIin.e Nal si
, sTMG r. aSsss Si ZEN Ssyns TTsr1S gS
!tc.ca.c "a thc mount q fright vol pl.' g..
n noe he x % r,ba T'S S SssSTesd s ne p,
l9s l riecp '.y''e ner eeIi inri e. ct. 49,,
clgs,s. ,e,l : V si"cs..s .e5i a,s,,isd ~ u,
9, 1as ,asrss' =, e. b. c9.r Of ] ,G~ IT yePed
been dated u ia e Of cent lnS n,,rc-' 81
l. ri %, ID if ~, ~. [-m % o. fE!any oc.' ..rdu
a,e,r,r nd I tot H. 40 ia,ts Gut c,ct,'I'
M" lf..r frtt4 20 cent. or 't. lID' wt- tH I.r
quot rlr rttn re fr uu-'' Nho fras i.tt nc t'l"
~. -vlfl ton inn,,tN,. Said '.n'f MS.
9ni a- tc in1uN of currency hl' .t O.. q.
n',t fcH ds,. iRrs 3. no, lur doing ystin nra...
a. R g., M ~, l I',.N w. ,,-,,, wv, ", 3. n. 'i"
10 tlnss rrs" how Vcr a. tfly rcco-riz d the r..
''' E g $500 sit'Aigs % ~ iry e2g3FG.S5 a., % & 3l %
S'a, ,o "a q, o. ,ir ~ I'D! NJ ,s 1 s ,Slal
r m 'a go o., N.,E ~, Iin7i,a ina'9 o..
eo., l.a,i.f 6. and rent certacsiei-i T., IS
s''i- g,,Iss. Re ~ NE o' pSrs SS.'
ls'a: l,r.. . '-,.,2 -. 4, 's '5.$' '5:s''s pes, '
= ~. ,a.. D.. y5,'5e.5i'sq l,i.,itSS Be-. .5
Ga,i D. lsy. and ',a'nrh ra ba;iTss. n"" 49, 49, ~
wces siyty. IN. leaving OF strong ana IA deuaat on
Henry tle~s &. o. Z wan St. report at tP 81
:. S1i 81 res a'llls8 9 ~ - SSaP SSSP H. %
So. re Zee fG%qGs %Gs Icisss 6iS is 4. - aro &
s. is'2' coup ils ils,i q. :. .. sl,coupli ltH
s. sss %, %, SG!F iiss; IL ian' CON-, 49,, is
& &g'la 5 l' srSn f fuist ,s but rs Dr
o. ma'irt though ihcre are evidence Sf NOR, ',W
@ H' ~ & Ps rg' eog, Psg Saq .9T "a & %r r.,
coin ,las lTE1.rTo5 iabl R'f a :s ss' s ana re
t,,o,n, n c,,,s 9y,.s ~ m.- go g at3wl "i >,Ah.
cS payn'rntt tisi IS. 6SiancS t5sSpisS \ cur.
s@S, re, ,sss" H. t dt.cn-' 'SI iseSr; &; S'' 20 20
TANK %er 20 % sod fslarc S' , a "a 81 sr,ur.
itny ain"ee', s.Ia'@A The following wer, the sul-
iJh. ......iio- aP. M.......iiols iP. N......iio>