, 1873-08-13

Of tho loading trading !ntereaH arc beginning TO pre-
paro cir bnlk accounts for tho OF actiyo trao
which ia noar at hand. There is q moderate move
rncnt OF ourroncy betweon ho city and country, tho
shipments by grain, sObacco and stock dealers hein4
fully balanced probably by collections, and by receipts
Of money for Investment III scusrieH. Dsconnts Oh
cent
Tho Cincinnati Commercial Of yesterday says:
The demand for Eastern exchange is small and, a.
hoo9 he ressa nre nns ae M TN there ~ ,,we wsser
changed. but 1eaers refuse to buy round sums Of
othor than detostoEa at pnr, and tho tendency Is
Tho domand for discounts is little moro activo in
Try continues seona to be increasing, thcre Arm
tone to tho money nartot although tho banks contin
se cent oasde o banS Tho oand for primo
business paper continues ao1yp although tere ts
s there s nor
wers aome negotiations Of primo country paper Ut ~
por cent.
The Missouri Republican Of tho 11th haH tho
following:
very little variation. The baikH hold large hum4 in
1pd The srpy is s ssay n e tue
tue hunks arc mora resorved, thogh good paper
readily negotiated at the figures which inyo rel for
10 ~s oa 6S
between banks At per s,ooo premium, aud
$l26tSl.60 premium ncross tho counter.
THE FOREIGN a1AnKEr.
Lib lOrolGn money mAI1ot uab Deen eDFlOusly
depressed, aud tho shrinkago Of securities on
the London market is reported as high
as $3.50, ,DDD0 0DD Tho securities OF Turkey,
Spain, and Egypt have sunk almost out OF sight.
AT lust advices tho market for tho stocks OF
sound interest-paylpg Governments WAS bottor;
but English fnanciers regard monetary affairs
as in very troacherous condition; tho ease OF
ono tlay aa likely to be followed by M excessive
Btringoncy tho next. Tho London Economist
says that people havo not mado monoy to invest,
nnd tho fuilure Of tho Governments named to
pay interest from their informal resources, and
their practice of constantly borrowing money to
pny interest, has, as might DO expected, rendered
their securities drug. Tho Economist Bays:
For these two reasons-tho d!Htrust created III tho
Investing c1Ss, aud tho poverty 0E tuo speculative
cass-we must expect tho depreciation which hns stoy
rel In to e1end md other influences Will also CO.
Operate.
4 Will ho said, indeed, shnt tho chenpness Of money
which bad traslo hoa produced and which iH assHted
BY ths unxlliugness Of tho public to invest will 10
to borrow chrary thnn il'ey could little while
purpose OF rcsao to ho public, their operations may
havo great Immediate ol1ect on rrices. hut we are
abroad to encourage ny suel opaRaslona. The belief
has become dinused that tho money market is
tear tat tho Lease @ of toay nay DO followed very
quickly Sy IN s1sS ao IL Shn W. sses
premature cosc. The speculative class IL no doubt
very foolish, hui ther combined poverty aud uppre
honsions cannot but have come effect
this dscrclit, that It would become moro diGoult for
certain CLASSES Of foreign States to borrow. This is
cnly stating tho fact of The depreciation In different
FORM TiA depreciation In instances has In fact
gano 80 far TINT the States IN question could not bor-
xaay, or bolivar coming into tho market At present,
With their past oanH ut 90 to 10 pur cont discount,
would po in tho higheat degree absurd And this Diff
1J5i n1tn An 0r1 IN
STATES Which lave offended iu a!inilar 1nauuer.
Amoug tho worst olendcsa OF ali ulust, Of courss.
Turu is 10 doaSi sbout the
from M these facts t las now bsen proved TO temos-
often laid down for lending to forslgn States are
really required 1ellcrs may really understand thut
il hey lend IL states of u1eertan political cnnrncterof
which e"nstantiy borrowing to pay Interest e "a S
,ys lit sse oetn ct ta9fS sn
no c1ce!rrcu u the alleged ob}octs OF the osns will
anal TO thesn II the borrowing states othor
wiBu unit 10 be trusted, Tho exa,npe Of Spain has
sv su Sc very seny AMI l Il ind that
s and o. ss az ssS ss'!
ways hitherto paid their ntersstis entirely Irrelevant.
enilnsis than ever. peor!e Who lsni q States Ike
srain, ana Turkey, and Egypt deserve to oao thrr
money! ~ n no eoysr ri reo , wo tnk M tSy VIII 60 IN
among the most likely to lose.
FOREIGN COMMERCE.
The foreign commerce of tho port Of Now
York for tho Inst wcok was us follows: Gonoral
merchandise imports, including dry goods.
96,9858a1; psotslcs exports, sG,008,a ,a2i, and
specie imports, S723,405. Tho total merchandise
imports since Jnn. wero s252, 539, ,00l, against
$aG! 100 83B last yoar. and S226 205.339 in 1871.
The total exporta Of produce since Jan. wore
$1GY 912 120 against 3l28, $50. 1879 last year. and
Fl3u 0s5, ,232 in 1871. Tho total oxportaof spccio
since JIM. were $97 40 5d6 against 955. .a37,~
Tho Nov York Herald Of the 10th roports as
foiIows:
The money market today waa quiet, and without
la s wsss mS1 @ o. 1a q 1nd pr
y ios9 1857 for bankerH' coay sterling, and lo92
THE UNITED srArEs Tnsasuny.
Tho following !aa statement Of the transactions Of
lAa receipts of fractional currency fur the -...
week ondinE tho 9sh wure .............. $109 400
Shipments .............,...,..,...... Gus an0
At,ont 'ou ha iy Treasurer AZ SECURITY ior
National Hank circulation 800 781 40
nui nytos oitstsntnK Ills tiaie. s45Ss99s9
lntornnl Eevenlle receipts to-day. ."...... 43D 49D
For sho month. a,0vs 9ao
Tho Az Assistant a Treasurer At Now York pad a on
Saturday toS quo On account of intorea ai soa 600 In
wsEo $2u3,Boo. There dsbursol during the week
the sulrfeaaurers oteo IL Now York sl 7oo y
gold for interest, mud 400 In redemption og 620
bonda; t2,Bs7y00 WAS received from customs.
SETTING up THE HANTFonD 1faoLyENT INSURANCE
COMPANIES.
From The Hartford Couran!.
Tho Chicago j!ro, aB iB vol known. ruined Bov-
eral OF tho Hartford Insurance Companies, Tho
North American anl Charter Oak Companies
mado nnaignments immediately, and buaneAn OF
settling their estates deyolyoa upon tho Probate
Court. Although tho business waA new, tho
North American Company's business waa CLOSED
with remarkable proMptnesB and to tho LtrFtxt
aatiafactlon OF tho creditors, especially ttako iy
lug III Chicago who woro allxiuua to lRyo tlols
1f ff,na aHr1ja t,}a Iu H.