, 1873-09-09
MONEY AND COMMERCE
MONETARY

hccr unnroco;,outc1 for thrco ,roosa n,at .vo.
,,r,at,, - a., ,,a,, 49, .,or,,,. -, ,ur. 80 ,
nn"net 'o,u"y 'n". 'no "'e,"eo VI laA. "eoA'
bllt sucn a largo hmonht haa doom eont into tito
country latoly that tho demand must aoon bo
pntisilcl. Curronoy Ia only m Implement, wliol
everybody wants oooaslonally for tonnora,v ,,an
1,,, .,,Io,, ,,ol,,,v ,.,,,t. 81. ano'
.n"."t "".' ~. ~ 4aVesstaont' II 10
thorotoro, always got rid OH ns quickly nH poHsi-
bic, oithor by exchanging 1t for some commodity
or by dopoaiting It in somo bnuk until
It ia wnntcd hv aomo o,a - ,ta
rr,ztomon. Tbo ton,onow ~ =, tho ne on.ro,'n ~ m'
H"o.ooAo' 1no lo''ool'oy u bae cueFonoyt
Aneteaofe, always 10 TO low baok to tho financial
contros aud accumulate Ia banks cxoept whom
como groat activity in tho exchange of eommodi-
tios-uy in tho markotino Of orona md anloa -,
sa ~ =. -. ~. - ~. etopn "ua a"'oe y.
GooaH III tuo counsty-caAls II out anu koops 1t
circulating temporarily from hand to hand. AS
soon as it bogis to flow baok to tho city in con-
siderable volume. It Ia m Indication of loaa M,
t;v;t r., to T., t -
~ sAo - y. iuAi Ao.,u6 - p,ouue.e'
In tho prosont case, 1t Ia not probable that the
movements Of currency between tho city and
country csn be in favor OF tho city for several
largo ynlumo Of currency going to tho country
ind}catca That Tho urcrocato amonnt Of o1,rronnv
now in tho Noythvost is Still insuloiont to trans.
act tho business, and that moro must be sont
Thus the 1noyomonts OF tic currenoy afford lin
begt noesibIo iniox OF tho Htnto At trado in tn
country. As long as The currency docs mt oome
back to tho city IN greater volume than it zoos
tho actiyity In tho country in nnnGaled.
moro actiyo lomand for monov IN th,a mar
ket il noticeable in the last fow daye. Donoa-
its havo declined littlo, aud tic suI;pIy Of loan.
nblo funds is. conseuue1,tIy. nomnwhnt lass tnan
q wook ago, though tho monov mnrkot IN oaav
enough Goro vet '
Tho 1noyement Of tho Wostcr,, crona hnu oro.
atod moro strinQonoy in Nav York than r. thia
reachcil Tie seaboard vot and heon oithor f1ss ss
tributol] to consumera nr a1nortcI N1o
New York aIehnure oA wos nnotad at I'm ~
nor cont Discount. but coosilernblv firmor to-
:urreoy and iosa tss prossuro % 10 sol
s1change aud nprtly because tie failing ~ OF Fir, in
sLpments Of grain list week has IN made s q Smaller M or
SUPPLY Of exchange. NS' "''' '"' '4A'' . '''''''l
in yoS aI G sang
INV ia ;ndicatro of - ~ T.. -
diets, and is therefore. favorable to % tloRtor tn
money mnrkat thero t],nn At nroeont c,S thn
s cont below ar in Nav Il pors rs
Emit tho otancc ~ nt"ie, ~ traa +; ~ nv
and thot In Tia o1cbance of II va .at, ~
acculnulatng a eraiIit fa1anea which ;a ia sano
Tie M Rsssant Troasyrv oeo IN tha ctv
nt Waahinpton eo nm ~ atra IIm;ta stntass
pud National Bar,k notos, to be- oxcbnnrcd Aor for
largo uotGa with tho Chicnro hanka WIN ara
Ereatly inconyononnod far small b,i,a' T'ho ,o
ramittanco from, Wosh,nnton % ,raa ,nn5o ot tio
surreaton Of nrom;nnnt banker Ioro s,hn ", n
rensoI Tho sccrotnrv NJ tho TroaaM1,v W. - tnot
nifect jast woelf. Tie rnmittanca hnTavar AtIs l.
not one-nfth On large ma Il ouoht to hn to Tn,ot ~
lie pressing DONALD for amnil hills 1ho hants
here flnI Il impoesibo to col anv mora amnIl
hlls frnn1 their cnrrosnon6cnfs in Nav vnrj1 ..
nn1 n remittance If ut innat 20 ooo nm ~ ~
nD ouC nj small notcs fran tia Trcosurv nj Sysah
t,at.n =. Ita i oonta.,t irne.n,s,a. 80 y" 1a :. 80
would 10 q trent conyonionce TO- to the % who'o
Northwost and aaaist nntnrinIiv in tho nrncess
of ,nnvIrot;nr tho What rron
Tie lcclino Of rolJ. md tbe eoneooncnt do-
r,inc IN Tho cnrrsrov 1,rico nj honIa Ia ii1,a1 n