New-York tribune., 1872-05-20
SECOND ROARD-l 7. J
7 VI
/, and Rdflroad-EEpTeis
200 chic. l. Rock
SATURDAY, May 1s-P. ".

The general trade of the city has been
rather quiet during the week, and the distribution OF
merchandise for consumption in the interior has gen
orally been In small purchases The recent rise IN gold
and frmness in exchange have had tendency to
strengthen the markets for foreign merchandise. In
some departments Of trade there has been con
siderable speculation, especially in the
line of groceries, where articles have
advanced on large transactions. We are now
in what is generally known in trade circles as the
between season." which has arrived this year much
earlier than usual. Stocks OF foreign merchandise are
increasing owing to the large mpOrtatons and the early
falling of in the distributing demand
Tn financial circles the Of speculation has been
70 considerable extent influenced by the newspaper and
Congress discussion of the Washington Treaty. The
effect npon gold has been TO produce an irregu-
larity in price. Early in the week the cXpec-
tation that the matter in regard to consequential
damages had been satisfactorily adjusted the price
down TO 1881. Suddenly, however, when the question,
according the daily reports assumed different shape
the price reacted again TO ia stimulating influence
being found the free bids for the Treasury gold and the
unusual demand for export The shipments the week
which are large, given elsewhere. To what extent
the discussion in the Senate will be carried before its
final action in the premises and what that final action
will be- are questions which puzzle spectators in gold
and tend prevent operations the part of those
who have not formed positive opinions 10 the final
settled by the ratification OF the amended Treaty. may
etfl be matter Of doubt whether foreign capitalists
will be disposed to invest further In American securities
for the present. If they should there Will be OF
course an increased export demand for gold and the
| rrice may go higher. The money market has ruled
very quietly during the week at about per cent
on nled OF acceptable collateral For time past
the currency movement has been unmporant, the influx
from the interior having substantially ceased. In
dering the future OF money, IL should under
stood that the calling In Of the three per cent certificates
during the past few months has materially weakened the
rseryes OF the banks at chief monetary centers
the place OF these Cancelled certificates, new national
hank notes have been issued and the burdens the
| hanks have increased in consequence. More par
,iculary has this been felt In city Institutions,
the drift OF currency being in this direction.
Aoain. currency will soon he required by
the grain growing sections TO move the crop TO tide
water The corn crop very large year. and has
heen as a rule held in greater quantities than in
mast seasons Following this demand the wool clip
he uroyided for and quarter have we heard
! timate for this purpose placed below si,OO0O0O 10
AZ 900 600 The requirements for the rebuilding OF Chi
caeo have heretofore been alluded TO- The
of All these renders probable that money
will rpe nj higher rates than during the last
nnIess relief be found outside existing laws In
% relieve the money market and supply the bushes 81
demand for currency, Mr. Merriam has introduced bill
I'm the House OF Representatives authorize the subst
tnton of United notes for three per loan
The bill Tepeas much OF section OF the
az, to provide the redemption per cent tenn
porary loan cerhcates, aud for increase OF national
hank noep" Us relates TO the cancellation of the cerh
Gates and directs the Secretary Of the Treasury to call In