, 1873-07-25
MONEY AND CONF MERGE.
MONETARY.

THURSDAY EVENING, July 24.
Tho only foaturo tint attracted any ,'astcutto,
IN the local marlsots to-day was. tho acaro in th
shoat market for July delivery. It was short
uvcd, however, and III au lonr or Two from 1t!
inception lind entirely nubRidod. r..
Money continues abundant ut tho baphs, n,
eAo right Kind OF papor, but, as heretofore ro
marked, there Ia great deal of commercin
paper tn tho opon marriott Which does not nnf
favor at tho banks, though ln1o1l 81 It is maat
and indorsoa by mon doing largo business and
known to own large property.
NeW York exchange iB firm at CSC pcr 81 600
ercmium.
TIE eioNs or TIE TIMES,
Tho business community throughout the
country havo snarcoly ever evinccd SO much In
eorest III tho ASPECTS Of our foreign trade % ut
present. This is An encouraging Indication that
.Pooplo generally aro scanning tile! commercial
horizon as regards the prospects, next fatl, with
more carofuluosH than usual. Heretofore tho
Relative volume OF our exports and imports
mas been too generally considered sort of 'ab-
6sract question Of national finances alone mat
Ger too fur removed from the daily business Of
eha bankor or merchant to attraot any of his at-
xention. But the experience Of last fall and vim
ter brought the fact homo with startling empha-
1ive importationB and light exports Of domestic
Droducts would soon cause drain Of money
from tho country that Ia eoon folt By overy bank,
md every customer Of oyery bank, by every
karious bankers and merchants during tie past
17cok or two on tho prospects Of the fall
&raao and money market, no have notoil that
noa5ly all have referred to tho largo exports Of
ble times. and to tho falling on Of
imports an indication OF moro Economical
ecae Of living throughout the country. In this
connection NO arc glad To be able to aay that Tho
Porta continue unusually largo. As an instance
~ the bustneas Of last month, II may bo mon
e1oncd that the exports from Now York for tho
SSek e ~ xending june le wore 7ooo au against
end they would have been highor had ii not
Boon for tho scarcity Of freEghts, which hiuderod
ssa1 ss1ansRorsston Against this ust 30 aot Oh The
Imports we're $9,452, ,29o, a. against only So. &c.,
1oo Tor the sarno period last year. But for
seyorM preceding weoks tho importations had
@ Pnen unusually n loT, and there Ii small proba-
tuued. Now York is tho distributing oentYo TT FOR for
koroi8n merchandise, and tho returns from Iii
h Rorts 9i import or. and export would show moro
port arc largely either nocoaaitics, not grown
nero. or ese raw material.
OF tho total oflmports for the week ending July
~ coffee represents 81, ,153, 1884, engar morothan
Eono in for large sume These thIngs W are A oit5er
not produced hero at sll. Or ese, as In tho casa
nt sugar, in insufficient quantity; their pur-
Sshase, therefore, docs not interfere with donos-
tu1ures, amounted to 81, ,y40, 1873, about $10O 900
more than during tho Same wook last year. and |
klo eamo amount less than during tho corro- |
Eqeag foE Pesa he ysar oa % s 1a gsna o Of
nearly gil 5000, Wills tho exports during % SUBJ B.
st3nanntially 3an tho sar1o period have amounted to
coTresponding time last year, or, taking both
sides OF tho account, that port shows about
*46, ,0oo, coo better than last year.
. We hhve within the past fow days referred to
two other features that arc Of equal importance
with tho above favorable aspect Of foreign trade.
ns Indicative Of better time coming in comiuor.
cial hhars, viz: the fact that VIC are now roa.
sonaply certain q largo crops Of al our loading
and corn, there will bo larger exportable sur.
plus than ever boforo, and, Judging By the pros-
t,p ent prospects. there viii be an actlve and con
ty new article Of export, but ia getting to be- =
very large itcnl, and, II it does not go "a corn.
SlH be exported in tho m orc compact form Of
p5ogls9ns Lnst but not least, in the now and
especially from tho Salt Like mines. H.,
wealth thus created not only pays for tho labor
sra%na sPenoca n producing it. 6nt stmnlates other
t't4e q Aol 6e auulkl0H 10 Inc H0alth
OF TUG country beBides. Wnile oil these features
arc favorable to moro prosperous times. their |
eject may not be to proyont stringoncyo OF money
thlR fa 81 il usually the case at that season Of
the year: But it seems reasonable to expoct |
That it tho commercial community move "a can, 1
tlously for tue next throo months al they have I
been compelled to for tho last four, we shall {
then begin to experience moro prosperous CON
dtlon Of trade than for several ycsra past. {
THE NATIONAL BANKB OF CHICAGO,
Tho following is abstract Of tho condition !
OF the twenty National DankB Of Chicago, show
ing their condition on June 49, 1873, az COM I
city on June 10, 1872 both abstracts being the |
official ones made by the Comptroller Of tho 6
Currency: "4e t
RXaoulCEs. |