, 1873-07-24
MONEY AND COMMERCE
MONETARY,

MONETARY
-. wEpNEsnAx EVENING, July qs,
In tho local money market everything contin.
'res extremely quiet Tho banks hayo abun-
dance Of loanabo funds, but aro still dgorimi-
mating against long paper and against class Of
chronic borrowers whose paper ia oirorod largely
Nav Yor]t o1chanoo ham, ,on.,,r..
mr. to oro ,,or st oo6 uon.''' s''"oy NJ 1soH'
tA1 ~ @oo pot s4,ooo premium.
TIE GREAT 1sonEAsE or s1Ivrn.
tho Uned sataa lous'a ons Of silver IN
fail to hayo IN imnortant ofont s soaoo'y
i,t;r's ns.u a" Ampoisal1s eioos upon cur ci1ou-
tn'4's mealum sooner or lator, probably much
IN silver production usbl within tno
eightoen moptls hv tha davolon,,nnt NY ~
thc sa1t T.ts .. w. "o,o1opmont VI
riohr.s. ~ 1,a LaAo talnos, eno immeaso
"a making supply OF silver in tho United statou
Tar in o1cess Of anything eyor known beforo, Il
has been 4ound nacaaaor, ~ ,rostdo na1;.,on.i
fno,,It,os ~ 49, ooaae.y ~ p,ps.ue Saa'loh"!
tho tao1aa.s u. sa' Assay 0co IN no" 1oik TO moo.
the inoroaso Of silver bullion, and tho snmo has
already beon done at tho pb,,.dolnbia Mint for
The coinooo a. tho mr., tro5o o,,.r A1.o,dy ~,
to INV On thu ph,,.so,n,ao o1irt ha1 oo,nat st
sa uSuy ~ tao fhlaaolphla alahE hau eolneu
eaoo'ooo OF tho now trade dollars, and tho Ban
Francisco and Carson Mints are to be set to work
1t once, tho former to coming t1aao
dollars Ut tie rate Of saoo,o and
tho latter at the rate Of 100000
por month Of tho same coins. A Washington
dispatch Of July 20 to Now York paper ssys It
Is believed thero in oficinl quarters tbat WITH
value Of sfiYnr "a cnmnaraa ~ ,o,d W ~ ~ .s. se
somc Of these nav trndn insra nto ~ " INV
In Ills country uonaidnrin9 v thst tha aetnaa
value Of tho trsdo dollar on the basis Of tho % rel.
do not see nnv nrobav ~ ann ~, - snrt ~
fho fraotonai anns ~ tHe nilaa ~ atnt pu1
dollars and ousrtars Ia ony at tbe r.tS ~ o.
centa on The do]lar in co]d and II H. nsrstioua
Of Tie 7arioua nta crt raoted ~ ~
ing the supply Of half-t1oars ma ~ onartans
IL s,toaatHcs - rrohahio thst ann ansi.et.
year those Would Bupplant tho present mlsorab1n
fractional currency. Thore is no ioubs that, IN
silver, The diaoontinnnncn 1T si1vcr cons ~
stnndsrd for cnrranca Ig so. -. ~ IT. oos 70
Europe vii have an ofiost ~ p1oatv | donqoo,to
the value Of silyor "a comnnrea 1 w;th XII r.
Ills fal as e mt inTnhsb1s te Tn a. 9eo 1oo
which nricoa It ranpoa mrin oot1 10 ~ 4, r.
Of DECEMBER is7 md annsrv 9a13 trso,;on Wnoae
llver coins Il tho Unitod states would @ PROBABLY
silver baon as Inv comnarnd - oeid IA aah,
mnnthR 400 no II o"ora i,oa, ~ guy eSueeon
soon it would havo conn jntc t,snor"1 J roni.
lion thon. For the present. 5sivsr r. ''tdi at;1,
being Iarceiy ernorf fad tonnh nrh"' ~ ~ bs,n
largely In nrnnn1tion h tne ,a1no.,e ~. ~
az Gold. Ont - 81 III sea - sr,p no ptuuucsto9
from tho nnrt ~ Hoo WI y, ~ * &
July a only sGs5 III VAS of a,yor hays .nI a
yer coin io nrodtotinn ~ ~ @ad ~ oars H. 14u ~
States and Territories las ! oav ae,, ~ se od;n
stated at Woshn"o - ~ aao a9y nn Sa Seen ocla1y
Of the proiuotion Of silvar tho1o Ro1 ne na;ai
statement but tt Is estimated ali tic w way y, from
,o = esr per ann IN WV the
minog, IL is probable tho iatter II nonrer f1,o
actual amount. and tint tha ,roIrcfior - 4a15
and silver is about equal DIT whilo wo oxport bort
been importing much moro aTor than cols ang
tlo aggregate amount Of silver in thes conntrv Hr
% comparoI to rol nat he mcrsos;r sns county or
largely. Thus, from thc report Of Tie bproann
Of Statistics, we learn that for the eight months
from ell tho porta Of tlo initial statea at 1is
III bullion and cold coin, whiie ~ a1gor h,;i,o,
znd coin the total exports during the m same timo
preoona netn1e ;1npnc tho nu1 aa1n ,no np91sa OF
greater preponderance Of silver. Tins. for tho
Eight montGg ondine Fohr,,nry a9 tha tnta, t,ro to
potts Of gold coin and bullion wore 60, 81 ,o75, u.s.
bullion during tho anm, Tina ysa, sV az a1H n1o
4iO. Va 3,ni tborafore 10y t,on roAo ~ So'oa!t,i
npi exnnrta NJ ra1d IN t,,a n,s,,t at ~ xas auta.
9.1, ,l55, 102, or at a ratio bar sunum ono.thir8 T
fe total ,et axnorta r. tie nic "tv nnths u avos
ony s7 427 75s nr "t rato ~ uSus odsns was
third Of tho nresont estimatsd nr"anot;on Wy ~
allyor in tha cd1,ntru s''AA4A'04 p4o1o'S'on u
II eenma nn;ta cor}s,r +ro,,, +1,o ,,,o,,. a,x,,-
there m,,st hava haan AVE- s.o ApoFn s
ailynr and large docrossa ~ IN l.; ~ nsaoaso "
In Tho echt mnntha IN n Tab6r,,a - 90 n' ~ tsy
words. ~ W opt s4ats co. IL osnof
sILyEn 10 RAPIDLY p1aprAorya norn
in our stock of fha Drnnio,.s ,,.t.,.
in thie cn,ntrv rhis teo''In ni,., n4o11la ~
=" 1-en4 ~
several additional circumstances. For in
stance. our imports OF foreign silver coina are
more than double what they were last wear. |
Thus in tho eight mnntha enHinn Fab % IQ1o