, 1873-04-23
MONEY and commerce.
MONETARY.

TUESDAY EVENING, April a.
Money is working closer In tlaiu marriott, rs Is
usually tho case in tho last hnlf of April, when
tho Bhipmontg OF products 10 tho East ny rall
fall OF in anticipation OF tho opening or lake
navigation. Deposits at tho banks kcop up toll
crably woll, but tho loana hayo lncroasoa III
gronsor proportion. Collections in tho country
arc smnll, and thore is loss influx Of money from
tho country, or anywhere else, than ra,ial. 1t 10
vol known that tho deposits Mt tho barlts arc
ut ull timog made up, to n great e1tont, Of tho
lonns OF the banks 10 their customers. This
seems to DO tho oase jl,st, now moro largely
than usual, and accolntH for tho high
range Of deposits, while money ia flowing
from hero East fastor than 1t is coming IN from
from t ALL I'll parts ~ Of III Tho country 10 Nov
York, which Is holping to mako money
snaior in that markct ie ut Tho same. timo
having. the royorso effect horo. The opening o.
to slip aud draw against it, and this will mako
money easior again.
Nov York exchange, Ia in domand at 20 to 60
cents pcr 81, 900 promiu1n. =, ,-,
eudaonly raised its minimum ratio Of discount
from 8E per cont to por cont, to check the
practices Of losnlng Of sterling bills in New York,
It was beloved on all Bdea tint another ad-
in both countries was undoubtedly
Of What might DO tlo result Of tho featnros then
prominent wore tho groator because theso fen
furea were altogether unprecedented. At pres-
ent, however, tho: aspect of finances, both In
Europe and tic United 8tateB, is much bottori and
tho approximations hnvo In q grcat n,oasnro dis
appeared. Tho latest mail advices from Europe
Hamburg, aud Amsterdam, discounts wore lowcr
in the ilrstivcek Of April than IN tho last week.
Of March, and tho latest advicos from London
report the rates for money at the 1oint-stook
banks as 30 much lowor than tho Bank q Ems,
land rate that decrease in the latter WAS looked
for. Evcn the unusual circumstance Of chip
mont Of .e1,ouo,oo0 Of gold from London
to New York created no particular ~ sensation
These circumstances, together With tho prepay"
pSlo Sai d debt ae Of ths U6ea states which wbegn
this week, have been unfnyprable to the rise in
gold, because it Ii shown l. thnt there will be
no such calling homo Of European capital ns was
feared and which, # ithad been DONE would M anFe
that, temporarily, there will be an Increase Of
, cash gold in the market during tho noxt few
weeks from tho Treasury 'diBbursemonts. Tho
Treasury balance Of coin will, hoWovori 20 1in-
forest. Tho Treasury now owns about $50, 900,
and aboyo gold certificates. Making all
due allowance for customs receipts from nov
considerably lcas than a4o,ooo,ooo Of gold Of it,
own after the payment Of tho May interest," On
june tile Treasury must hayo tho coin to re-
doom s50,0oo,o0o Of 5.2os Of. 1864. It is ap'
parent that tho ordinary, coin revonue Will be
bonds, and, as there is no means OF knowing yet
what tho Syndicate may have accomplished In
tho way Of exchanging new per cents for the
,":callod 62s," tho approach OF tho time whom
= this large amount Of bonds must be rodeemed
!. will be viewed with unusual interest
It is a well-natabliahed fact thu!
the stock > of coin in TIN: Unitot
States at preaont is smaller than It has been fo
tho money markets both in Europe aud in thi'
would are unfayorable to furthor advance ii
the gold premium. but that there will DO larg'
fluctuations md higher priceR for gold bofor
July seems more thun probable.