, 1873-11-14
MONEY AND COMMERCE.
MONETARY,
THURSDAY EVENING, Nov. IL.

, THURSDAY EVENING. Nov. 10.
1ho improved fcollng in monotary sfroirt
seems TO bo general all ovor tho country. IL
snle CITY, thoro was much moro cheerful tonc
In business. Money Is worry tight yot, but tloro
rs certainly moro offered In tllo opon market
than Hook ago, though there e mono to DO Ind
on mortgages yot. >1'N
E1oha'ge continues oxtrcmoly scarce, and tho
o"''aS aIo asill shipping currency to New York,
During tho panlo' tho country bnnka drow 80
much cnrrouoy to tho country that thorn vii,
probably bc less than tito usual n,ovon,nr. -.
I surrercy In that direction to pay for hogs tbH
wintor. '''
GOLD. !.
Tho advance In tho price Of gold. today v.s
probably duo mainly to tho fact TINT tho lat "a,
port OF tho Troasury balances Bhovs the an,onnt
of outstanding gteonbaokB to bo atoa)i1v incrooa.
ing. There has now boon S8,a49,111 of tbo
S44,oo0,0 600 reserve" put ont, aud 1t ia assumed
by como that tho proposed fitting out Of war VOC.
sols In connection with tho Cuban question will
OCCASION the Issue Of good deal moro. II
would he difficult to find any bo,ligorout power
with Whom ~wa arc likely to havo any quarrol on
the VirginiuB question. Tho actlon Of tho Cu-
Dan Volunteers In numbering the passengers Of
the Flrginiua is not lndorscd by the Homo GOV.
ernment OF Spatn,-if there can DO sald to be
any Homo Government thoro now,-nnd. unless
VIC we're determined to fight somebody that has
no quarrel With Tie, tho ohanoos Of my national
complications arc very remote. Nevertheless.
tho CHANCE Of tho expenditure Of money In war
like preparations neoms to hayo had aomo efYoct
on tho prices Of gold and broadstuffs Tho re-
mittanco Of tho Novombar intoreat On Unitod
States bonds held in Europe and tho prospoot that
tho falling OF in tho coin receipts for duties on
imports hago also holped to atinen tho price Of
gold during tho past few days. In tho presout
condf ton OF our foreign trade, tloro ia laree
amount OF specie coming to this country, but
comparatively little OF 1t goes into tho National
dpe teesnlys 1ne January A interest on the public
the certainty OF very small receipts for dutios iii
winter. will probably deplete tho Treasury bnl-
aace OF coin to lower point by the close
o. January than haa been o1pe1icnesd for some
eales OF gold cannot DO revived until tloro has
been revival OF tho importing trade to ita antns
panic dimensions. This may not occur for d
year or two. Even when business Inns entirely
recovered from tho effects OF tho panic 1t wifi
be found that tho revolution In tic iron trade
hAe permanently cut of a considerable portion
OF the formor volume OF dutios, and It is prob
aDao th thnt Congress- will be- obliged to rolnsato
nutliclent coin revenue to pay tho coin interost
on tho public dobt.
,a STERLING EXCHANGE.
~. lno honoon stook Exchange having adopted
tns.aa the sst9 Of exchange With tho United stses,
ehinlngs. and Hixpence 10 the dollar, tho
ea 6oo 81 8 Sf6se1HF? 6o y s Dsts.a Ng g9r S & T
heretofore. M e The old nominal dollar of ex-
change " in London WIS based upon tho Spanish
dollar, a. coin which contained 81 pence sterling,
o9,a or loS ~, cen1s ct tho present American