, 1873-10-06

n,o,,,ot for currorcv. T),o fact TINT tlor hayo
rolirc1 "a am ma of their ccrtif]catea shows
.a,,o .19,t ,,rorroua in tint d;roct;nu. hut doos
mt bv INV mon,a provo that tl,cy wilt he ablo to
~ct;rc over son am nm morn in tho sano wnv
tho coloction If their bills receivable. and tic
uolo of +,o;r sccnr;,ea To mn extent Hu1icjeut to
ratro tho ,en,a;int cortiacatca, will uocossitato
an ;mmonac controct;ou Of 1oa,,s and posaiblv Il
decline of PRICES Of stocks and securities. In
ehort Ncw yor:, o,lv s.ayod or tlo olrecty Of
thu nnn;c to pome cxtout by tho ,sa Of tho loan
carti1caton: Init tbose e(Yects will. nevertheless,
havo To La exncrjoncea whom the ccrtilcatos aro
retired.
IN THE LOCAL MAnwrr
nroyc. Deposits ut the savings banks aud tho
aom,norc,,1 b,r,,u oro i,crona;,,t, and ta hanl,a
colhlnole'al oa''Ae ato a''a so p"1M0
are getting stronger every dhy IN tao aecu'huia"
Lion OF currency. Tho country banks havo noar-
ly all ceased to ordcr currency nnl the country
,nyros,,on,1onts Of so,ns Of our c;ty banks are
a.,, 1,a;r ,,u1o,c,s rr,,oro ~ IN oucation
me'e'e'nE tnot D"Aa~'' ~ 1o laa ~
put thas 11ofo Is eteas aeal n'ore eullencs ~
for in tho movement Of tile crops. The lositi-
,,.to novomont of curroucv tn tho country for
,,aa ,,at roon n fn,, off ,vhon t,,c
''t". t''A Po'o 1'A'> 'a'. - -, . -
panic created new demand Tor tho purpose OF
boarding. This grent oxccBs Of currency i'll tho
countrv will berin to con,o back to the city Just
40 aoo,, M tho couutry holders Of it ara ca,,-
fAcea '.a"s 'no'o ID t1e'''s - e"A'o"1' =" 'no
Chicago uAnKs.
The determination Of tho country banks md
tho couutry pcoplc. to hold OIL to the currency
VII, II,...a, ,,,,o wo o,a ,ot tictro.uod fo.
e''n nes ~ s"Ao nv @s ,nsa.:a.s nas saas ~
Naht Oh II, nlaRes cooAtiS eo!leellonH o4o" sne'
but there has been considerable improvement III
this reapect in tho Inst few days.
a'.,a W.. .,,".nn,ass ~ frnr, + ~ .
sne'i .'' ',:a.,..s. g., ,,;,,a ,,",,o ..,o;,,et
per cont discount Tor bills mado against
shipments OF grain aud cattle. In noarly
III iratanccs theso b{ls nre for
rar,od IN Nav York md sold
sA.aou ~ ,n.',a 49," 49,, ~ ,o,,,.s so,os #
Ior currency. lhGso aIe ~ IsSat 1ao" aoaaa a.
oaKera oSenanGe Dueween as n u yq sinns9
currency to Now iork to,aay VIII % oraotT M ~ nns
certificates to Ply Mow lofh aep;s' +,at aho nt IN
porealt lntura III .a saa - 4, Wo wv WI :.
1oes no gs int into 'eD te Se@ s9So Tor sanhs ter
loan certificates Keep IL Out anu VIII eon,iuS ~ 10
40 90 even wnen tne snppiy OF currency ~ a Mem
YORK Clty, ootsioo OF the oahss' III "acn laleoE
The ~ acary ~ ac Of New York exchange in ts
market also lncates t!iat s1a Msaseit nstns VIZ,
have drawn Ill their pa'aacos oas ol ino NC"
foTk }Ek banAs: , =, 49, AVN, ,,or,,a. -
this city las increased largely since tlo middle
Of the Week % ol 1n ~ eonno 0"
themselves to loana on nnaontea eoateras
nn n s Sass Of cosoraSo,
amounts haso peen loa;leo ~ ~ Poe eons pos n.a.
mum, ana more money - onereo a. t1o sa,.o
rntes. W ess desirable Gol1a'9eais h1gaor Tases
nse ea ~ a III a fa davs al from to nor cont
hor Ino.'.n. anoae y ,;4 nie'; ,nss T. ,cai
tae pt ~ ~ igu @ fr .,,o, IL act;vn
s'gghs The manic @ M has been the means Of rocpnsiug
agreat ...-.-...-.. ....--.
DECLINE IN THE VALUE or SILVER
,o1aanenno If F1 te Naturalization Of silyor coin
os n lnuni-tnnilnr II, Germany nn;} nlso ns n ro.
suit Of tho vastly Increased production Of alyo' =
in this country. LII tho last three weeks, the 90
s yd n hs b, Sa o pgf 70 4 yes cos sS i F6x @
sa1 nt 9na of from to u ces
95 conta. Mexican !, ,dollarsl which ar
thu oa reatiye IL value Of u goa mud
now worth only from 90 conts TO s1.00 III gold
The nYernre prico OF gold in ercenpRcky for tAt
rroenhacks arc worth VIZ cents in gold, conAe.
G1ent]y silver is now lower than greenbacks
and, as silver coin IL legal tender tor amounts
not exceeding a5 thoro is no question that
continuance Of tic present price Of silver vii
bring silver coin into. circulation agai,
very roon. Silver bullion, however, Ii
con1moditIos has probnbly boon depressed
somowhat below i.s soal value by the pressus'
for currency but great decline, as montiono.
above, has boou pending for a year past, atlt
more than four months ago We indicated in th
column of The TRIBUNE tho probability thu
before tho close Of this year silver would bo cir
cnlating ut par with groonbaoks. Ono Of th
lending bnll,un dealers IN Now York wrote q
follows to correspondent in San Francisco oI
Sept. i:
II Il ran e Of my service to you yo can Soy to MI
tut ayse ,G M W rfss as AS % s ss!sfr r. T.
at n 70 o rno M fran ta ohor so of matar
deelino, aad, What worse. of tho sronE pEoIaIi