, 1873-08-26
Money And COM ERCE
MONETARY.

"ON
,,,v1,x rvru,uo. Ann or
~ n'""n"' - 4.,''.""' Asa. ,, ~
Thia wock opens Will a'i''ose "s in.ois uo"'"''.
FROM lilo country for currency ns laat Ma'1y Of
the banks not only Hnld exchange ut hcnvy dis
rnunt to,1nv Int nlap ordered 1nrro ro,nittancoe
~ ~ t,., N, y,r,, IL rnr,,nr1 t,,t :, H.,
VI c"1ioi'y iio''4 po" .o', w ~ "e'" .'so Wv
country. Ihe preparation Ill thls way to move
crops hnA boon unusually lurgo and 1t iB no
thai, reasonable to expect that tho influx of grain
VIII, during tho n0&' 10" "00As' 10 correspond
angry large'
Money continues cnsy yot, and though tho
bauk-ratc IL maintained nomnaiiy ut 10 pcr cent,
1,n,,o ,ro n h, lnl Tor m, lavs nj a pnr rant
W~I,.,,,,a .,au .,11 1,o,,voo,, h,,. ), ,1.u -
EAc'M''eo w m"' "o'' oo]"oo' ''"A' lo-u"s A'
u por s1'ooo a'eco"tt' "la i'll oomo exoop-
tional casos at lower rates.
,nrcc Quantities Of silver orcs from IJtal, woro
"iGo 4'."l'stoa u4 o',o. o''1 41on4 u"'n W.
cont,t"a1iy P"ss."B eas.""'' ovor sno foa'''
Much Of this comoh to Chicago, aud, In tlla con-
silver s,nolting and l,oflning Company during
,"'s s, ,.,.,'o1 o,4 f,,,ty-o,,,, a,,yor hr,rks
'ass "eon n s",nou "". 10y 49,, esn' H"soa o1a.'
worth S9o'oeo' "u e1sfac.oa .loln ,no sAlao oacp'
ngo week's bnHinosa.
rur oo1.p QUESTION,
~, u..,...,.,;e., 49,. .,,a.a ro,,,u x,,.,
oh the PioS"'l'p''oi 'uss' si'',o lo"A} oA'e."
u PDWcFlul GH4uo ~ Aso" Ao@n "ooso HoAFoco Ao
to nut up tho rrico OF gold, tho Now York Times
bou 4cnt a rennrter arount among tho nres,med
A. .a1.a,n - IT, a,,o,,o ~ ,,,a,,ia,, n,a,,,
nao"nef7 t ,,oir n,onti6ns W. o.n t,1 sns
.u a,,,,. n,, .'.o"...o," ,,,a 1870 49,
course Of tho Times. II n1oasrs. Jay Gould.
Rufus Hatch, Horny C!ows, and others, whom
~. .,., -anortor i,,torv;owod l,now ,,os,t1,,,1,,
of INV do1nitevchomo to nut un tho price Of cold
md md il IL foolish % Iink that thoy @ would toi any
Thing IT, L they o9 DO not know Rne a eo o.
Ignorance, for foar It should turn out TINT thcro
was such cliqno, and their donial Of my knowl-
cdyo OF 1t would bo Bot down US o deliberate
misrepresentation. Men III their position
always get credit for knowing moro of such
combinations and schomes than thoy do. It ian
Bafe rule that there Ia alwaya loss pan leBs cou-
cert Of action, aud less money involved in Bnoh
operations than the general public believe. But
whatevor those gentlemen might say In regard to
tho apochrypha1 gold clique, tho publ io wouid
not believe 1t. In tho whole two columns of
ambiguous answers from these gentlo1non to tho
Times reporter nquiros find but ono thet was
OH the miud Of tho reporter as to tho future
course Of gold: Mr. Greonough, OF lioury
Clews 4 Co, boing questioned upon tho subject,
said thnt il gold gooA up 1t is probable that the
will decline,
The probabilities In regard to
THE PRICE OF GOLD THIS FALL
can, however, be much bettor forecast from the
condition Of our foreign trade than from any Of
the Dolphio utterancos of tho persons reviewed
BY tho New York Times. Our exports Of pro-
ducts aro still extraordinarily hoavy, and though
thero has been aon1o increase Of in1ports Of for
trade in the exchange Of domestic products for
foreign goods il in our favor. Sterling exchange
more eof.ai5 indication possible tlst : W. %