, 1873-07-17
MONEY AND COMMERCE
MONETARY.

WEDNESDAY, EVENING, July 10.
Local trade and ilnRnccB continue extremely
dull, tho only exception being tho speculative
activity In tho grain marlot, arising from somt
approhensions Of q corner III tho wloat marko
Nor July delivery, though 1t iH possible tho expo
elence IN this particular may 10 Tie satno as las
month. hlnny Of tho banks declare b,Blncss lat
scarcely ever boon no dull with thon, and that
Ahough they hhvc plenty Of surplus funds te
sont', thoy aro not making expenses This. ol
conrso, ia only temporary, aB they wilt mako ur
sor 1t IN tho fall, bit for tho timo boing 1t B moi
&mprobable tloy would give encouragement tc
eny kind Of speculation that would fur.
nlsh thom with good coIlaterals for
money At IL per cont, or evon loss.
New York exchange iH III demand at $50 pol
t9l,000 premium. Tlero is considerable making,
But tho Western baukB nro disposed to increaso
adeir New York balances for the salso OF tho A
por cent paid by tue New York banks WHO aro
poAgod to loan tho money out to stock spocula-
tors. Tho influence OF this movement OF Wost-
nrn money to New York Ia shown by the recent
sriso in railway Htocls.
rnoBrEuTs ron FALL TRADE.
A few days ago We gnve tho lateat appro1i-
mate estimates Of tho crop OF wheat now secured
In California, and In conjunction with tho PROS
OoctR TOR largo crop in tho North wost eati-
1natod that tho exportablo surplus from this
,Soars crops of TINT grain in tho United States
would be larger than over before known. There
eooms scarcely any doubt TINT tlds will prove to
bo tho caao. THO great question is: Will thoro
le market for It? On this point tho Now York
HulieI;n has nnnarentlv mnho tolornhlv con,-
.,,r,h,n,,,, ;,,,a,t,c.+;o, ~ 4,,o ,,uohtJ -
man,a ~ ta apoat oonanr ~ '4u op1o's oo,
.nAAuo ~ ,Ao s-ons souo"u,A, Hne'aua, a'io ot
United statoe. and arrives at tho following ron.
,.,na;ons nrintcd in ~ oaitor;n1 II; ~ ;,,e w -
tho 12th instant:
. Holland appears to DO the only country In Europe
from which The crop accounts are Mnexscr!ollsbly
described IS magnificent.
w., IN aotnany slto wheat crop h9l Improved, under
neote oWoynr ~ u ,t H. ""ons ~ s, cs IN no, OK
are extremely backward 10 much 60 tnst It was neess
Eary to shlp wheat from Danzig to WcstphAlIs, VIA
tDrcsdon and Brcmcn Al tic aanlo time, wheat ahp
Mohts 4,o 70 warsaw moss unusual thing, show that
hanssa tGchS In ino INFERIOR OF roland 'fe utterly or
The Condition n, tha crona !, nusx, :, All, ,,r,n.
If not alarming. Divuotchus Yrom Tacsnroo moo re,nrf
that barley, rye and Inv are regarded au lost. I'M
proved weathcr necessary to oven partial
wloat crop All kinda q erops suffer IN Russia from
,nan, "Snt pa, o. sa Male n Gsca nsan ana On te Con,
cod e W nn o. and
and the IianmJan nrnvtnces In to .M,h @
ncea og iusya lie ghcat urosnocts aro nj! that cnd
DO desired. $500 9N'''
Tho Bulletin says all reports Of cropn In Hun
gary are unsatisfaetory in confirmation Of tia,
Nlr, Dayard 1nylor in lin lnat lohtnr from Vannp
to tho Now York Tribune. says TINT to can tho
climax Of t!isastors in that part Of E,1rope, bo.
ginning with Tho Yionna nnnc tho mat ia oot
into tho Hungarian wheat crop, and it bids fair
to be alnlost total fnilure. " '>&" '"-A
Tho B,.lleti,, sums yp its survey Of the Euro.
pean SOURCES of supply by tho combustion TINT
The aurnua NJ scxsra1 rro,n ,,ro,,nc,u. .o,n',i..
will bo 90 fur reduced ua 70 sar3onsiv Ifn,nah to
quantity available for general consumption, a fact
which III tho more oatnous in viow Of tho Increased
requirements of England CONSEQUENT on tho certainty
sna ns nnssss! IN 3nat country VIII ,a bSoW lat
iau n & n even @ n En
country In con,,.tito1 with her III nortion NJ liz
worlds ayailubu s,.ppy Of broa,setusfs.
Ii this viow Of tho caso should prove correct,
it promises an cru Of prosperity Tor tho United
States in tho probability that there viii be nd
falling mr. in tho forcrn t1a,nnr1 for 4ho Ior1o
surplus of breadstniYn in tho TJnitai st.tes
Everything now promiBos large crop Of cotton.
pe staea os 81 tne oro o
eale OF breadstufra, and tho probabilities are in
favor of a fair forcien domau1 AZ far thcra-
foro, as tie future can bo forecast now. evorv-
thing indicates favorable condition q foreign
comparatively oasv money mnrIot4 octivo intor-
nal trade, and lover ayorare mira for cntd
POSTAL Gains! o'
Some Of tho nnntom hanlsa h,va ,oo, ,,s;n,
poatal cars to notify tor cuso,,oes esn ~ 9'thg
maturity Of tllo;r notos. md thc cnstomeru a. w
yory Justly indignant at tho nuhlic;tv ti,ns ana,
tn t1,oir nrivata Rna;rnoa Tbi naaS,a .oo E.sIa
m instance Of how tho noatai capda NAV ba
made use OF by malicious persons tn e,ctny ans0 uo
pcions In renrd to eiter liz ~ 6nanc,o1 ss ~
socjnl afYajrs of noranns thcv ,nav 1s;sh ~ ~
iniure. An onon ]ettor mnv ti,Ea o ,pr;tta StM ~
which etatomente of c;rcnmstancoa 1nag =" tao1 u
ncaily true and yet "a written oa ~ ;ns;nnota
thimos entTov nntrun ~ H. 10 , w 'asluaso ~
transit to Iho ncrsou a5drosaa ano r ~ , ;aor