, 1873-06-20
MONEY AND COMMERCE
MONETARY.

MONETARY.
THURSDAY EVENING, Juno 10.
Thero was scarcely featuro worthy OF mon
tlon In tho local money market to-day. Money Il
still plonty, but thoro Rooms to DO little rnorc
demand tllan a day or two ago.
Now York oxohango was Armor to-day ut 50c
per 81 1000 discount.
There Is a llboral movement Of currency to all
parts Of Tho Wost and Northwest.
Tho business public, not only of this oIty but
Of tho whole Northwest, should DO we'll satisfied
with tho election Of gentleman Of the high
business standing Of Mr.. Abort Koop,
Of this city, to the Presidency Of
tho Northwestern Railroad. Mr. Neop
to largo property ownor In Chicago,
and will doubtlcHs do everything In Ills power,
so far aa Legitimate, to hsrmonixo tho interests
OF tho business public Of Chicago with those Of
tho Northwestern roads. As will be soon by our
dispatohon, tito Vtce-Proaldont, h1r. NJ. L. Bykes,
becomes tho Secretary md Iroaauror of tho
Northwestorn, In place Of Mr. G. r. Marvin.
NORTHERN rAo1F1o RAILROAD uoNpB
y, Wo hayo boon asked what grounds we hare for
the opinion expressed In this column yesterday
paeiflo Railroad bonds would soon bo introduced
IN tho New York markot, and that tho price Of
tho bonds would soon approximate to 116."
We ean m only Gay TINT tho insertion OF tho
Northern Pacific nailroad bonds have bcen on
tho market In New York for long timo. a. viii
be soon by reforonco to tho bond lists Of eavaral
OF tho Now York financial periodicals. They arc
mover soon . quotation Of = aalo In that market.
Some Northern Pacific bonds aont By Chicago
bank to New York within tho paas yoar we're snld
G. 20 have boon sold to an agont Of Messru. Jay
70 Mooko 4 20. at about 90 cents on tho dollar.
this and other Western cttos, decline to
give. any Quotations for tho purchase Of
Northern raoitlo bonds thoir business Is only
to to sell bonds, not to buy them. Tho Northern
Pacific Company have about 1000 1nilos Of road
finished, but tho rovonuo is necessarily small bo.
cause as yet tic weatorn terminus Of tho road Ia
n tho "lidernosa. 1t is to be presumed from
1o tno advertisements Of tho Company that there
e5a ao s5s nssr So the bonds
terees IS something near o. 400, 900 per annt1m,
an amount just about equal to tho total not
earnings of tho illinois Central Railroad COM
pnny which oporatos !, ITO milca Of road, groat-
OF mueago thau tho Northorn Pacific.
THE COIN m THE TREASURY.
Evor sinco tho exposure made by Troasurer
epinnor, about d year ago, Of tho manner Of
tmekng up the public debt statement, by count
b.2o bonds as TINT much coin, and thus swelling
the amount OF tho coin-balanco, thero has boen
y lack Of confidence In tho Treasury REPORTS Of
tho amount Of coin on hand. We aro alYays in
cned to take Will Btreet atatemonto c7,Yn
9rdno sails, but, in Wow Of tho circumstance
above roferrod to, there may DO good grounda
1o1 tho report circulating thoro now to
cue eflcct that 4 large amount OF tho Bo-called
com Of tho Treasury consists Of checks Of the
eyndicato, md that gold certificates hAyo boon
ISSUED against thom for the redemption Of tho
so-called bonds, while tho new fiyes have not
doom ueliVetod as yet to tho subscribers this
operation having tho tendency to mako gold
4cayY IN tho market, and depraBe the prominm
aor tae M bcno1t OF the syndicate who arc short Of
u: inc increaao Of $40, 600 900 In their amount
Within tho last thirty days would tond to confirm
Ile report. IT ia woll-lnown fact that tLo
droaa1ry at Washington Ia but little moro than
Inc othce Of tho Secretary, where he receives the
reports OF tho transactions OF tho Sub -Traa.-
aferg nnd OF tho financial ngontb Of tho Goyoru-
mont throughout tho country, but TINT, as rulo.
no amount Of gold coin Ia over held in it's vaults
~ nut 1u Kept on dopoait in tho Buh-T1onourics
throughout tho country.
a how York banker writes to tho Sun of that
city az follows:
Tie largest amount Of coin has always been held ty
lows on June II: ''N 40 Ao''
Iao rea! gold balance, however, ia only $7 0oO s
remaindtr Icing in Eyer bnra (st 900 0O0 and cor
received for dutcs but not marked Oh or can-
Ift bc true that tho Government ho,ds sey.nt.,+,-,
h1to,h q gold coin, aud Tho New York office cai, show
only about $37 oDu 900, Whero then ia lbs romannu
aeroeit? - 0''1 VI