, 1873-03-07
MONEY And COMMERCE.
MONETARY.

money and commercial markets to-day, which is,
perhaps, due to the favorable change in the
weather and tho increasing prospects of> good
spring trade as much as to anything else. Tho
call for bank statement viii also have favor
able effect on the money markets generally, as
the National Banks will undoubtedly be disposed
10 increase their discount lines in greater pro
portion to their deposits. The call for state
rnent has been expected for week past, and the
banks have been running stronger than they
would do under other circumstances. Inc 1e-
ports OF the banks under the present
all, for Feb. %, will, it is believed
thow very considerable increase in potn
sho deposits and the loans Of the banks as
compared with their report for Dec a: Ihere
h,s heen an act,al accumulation Of capital here
in the 1,st three months from the legitimate
n7ofits ut business that will undoubtedly e1er-
cisa a beneficial influence on business thas
spring. The net profits Of the pork packers OF
rhicapo in thnt timo are estimated at near
81 500, 900 this winter. The 1umbermen, gro
cerymeu, and dry goods merchants hare also
done good business and have collected With
fair success in the country, during the last
month, SO that altogether the aggregate nccn-
mutation of profits Of trade in 1872, and which
have been realized since the close OF that year,
have made an important addition to the working
capital OF the city.
New York exchange is still in large snpply,and
there is still heavy difference in rates against
New York and in favor OF Chicago, the contln-
uaace Of which during the last two months
would indicate the movement of capital thls
vay. Sales we're made between banks to-day at
IS cents per 81 900 discount, which has been the
1ate for over month, though holders wero lesa
lcsirous to sell to-day, and the tendency 1s to
higher prices.
An unsettled feeling still prevails 70 sone es-
tent in the New York market though there ap~
resrs to be more confidence and more money
ti.an q day OF two ago. Tho Treasury pro.
Erarrne for March provides for the sale Of
s6,ooo,ooo of gold, being an r. increase .h;f Of
increase being induced probably BY the
cudoayor on the part Of tho Secretary to
caeck the rise in gold, which has now progressed
until, from IN average price or from 1l11a TO
1la1{ in the last half Of December, the average
current price from day to day Is ll5h to 115A,
an advance of nearly per cent IN the last TWO
months. This is contrary to the experience OF
The Game season Of the last three years, and IN
dcetes different condition OF hnaacaai az 4aso aas 35
stood at 1e5, and gradually settled down to III
by the 9Th Of March. At the beginning of 1870
it stood at 120, and gradually declined to liz By
March I. At tho beginning OF 1871 the price
L..
tho beginning Of 1872 the price -was log,
and Auctuated very little from that time until
the last half of March, when it still stood at l03
to ITO. The difference, therefore, between those
years and tho present one is apparent. The
Treasury programme provides for the purchase
Of only 5000 900 Of bonds this month, and 1t
no more are bought the net result Of the Treas
ury operations for the month would be contrac-
ton Of s. 600, 900 OF currency. The Secreta1y,
the Whole e Of tho e socaed reserve Of
SO that it is Impossible for any but those
who Laye confidential relations with the Treas
ury Department to forecast the supply Of cur
rency.
THE CALLED BONDS
The first call for S10c, 600, 600 Of $50 bonds Of
1862 having been rescinded, as was mentioned
some weeks ago, tho Secretary Of the Treasury
made On March the following call as : substl-
tute for it. and the principal and accrued interest
Of tho following bonds will be paid and ths in
terest cease on June 1:
Coupon bonds known the second and third series,
act Of Feb. Is, 1862, dated May J. 1862 - follows
a75s; 800, Nos 1896 to eseze; $500 No. 161eo t<
A,s7s: $1,000, Nos. ~ to q 49, Third d series
50? SS: IS H. ~ . 5Sss SSs Tots
Also registereu bonds-$50 Nos. 81 to 1,1a3 slG
t9 81 esos e *ee Sos ~! g e
9oo Nos IT'S to 1890 tota 600. Totals, 49,
Of amount outstanding, embraced in numbers a
aboye ea5Doo 600 coupcn bonds and S. 900 a
registered bonds Coupon bonds Of the act ot Feb.
1862 .seze issued il four distinct series.
Bonds Of first SERIES all Of which have been previ
ousy called for redemption, sre printed in green tin
and have no designation Of series upon them. : =
thu serns printed in yellow tint with blue number
ing snd hare tho words Second series" on tn
Bonds Of the third series printed IN black will
t1ue numbering, and have the words Third Series
On the bonds, aud " Third on the bonds or On eact
Benaa q The fourth series nre printed IN black viii
red numbering, and have the words Fourth se1aes'
United States securities forwarded for redemption
should be addressed to the Loan Division seoretar
office, and al regtetered bonds ahould be assigned
to the Secretary Of the Treasury foE redemption
COINAGE AND BULn1QS.
Nearly one-f fourth Of the coinage OF the United
States Mint for February was Of silver coins
The Chief Coiner Of the mint at Philadelphi.
nlf in double eagles. and S17, ,872.o7 OF fine bars
amounts to S9e2 aJ357. The silver coinage TO
the month moetlyi in half dollars and dimes
amounts to s2ss, 3d.. The nickel coinage, near
y all in !e cent PIECES was Ss2 29o' and tn
The value Of 81, ,2292, $3.50. r..
The largest part, however, OF our annual pro
luction Of precious metals is exported in IN th
form OF bullion largo part Of the entlre e2
port OF precious metals from San Francisco goe
10 China and Japan. Every Pacific mail steam
er takes out from 800, GOO to 5000, 900. The lnt
ter county particularly is drawing Large amount
both from this country and from England. i.
1oc!1 STOCK AND BOND MARKET.
alessre. Lunt, Preston d Aean quote AZ fol
lows this afternoon:
. - 1s:ang. seslin;
500 of g. ...-.....-......-..-1l5A ~:
5-3o1 OF Gt t-..."..-..-*-.--..-.'-n1eea 80, t1S,
s-29s Of IS, jan: md JULY y........H4:: II:
6-2os Of 'a8, jan and Jmy....-... 1ls ~ ~
l040a, ex int. ....-.-...-.--.--....-ilo,R 11I ~