, 1873-10-16

Coin corti0catcs norca Of ls7o....... i441osooo 90
Coin oertincates, sofics Of 1a7l....... o5S,o0o.o0
Tosl :lss!roys sisSsss
Hationni nF ny ngtSa oe
Total amt destroyed to July i, 49, .4s
Tho following Is d statomcnt Of tho rodomp-
tton Ok moneys since 1861:
Moncys destroyed bcfore July i, 1e79 81 Ds
Moneys destroyed within tho year.... l43,5321678a
Discount OH sanc......,".......... l,47o.s7
Na,lens link note:
ea before July !, 1872. ...$a,oo8,22a
ell during tho ycar..u 3,2&1, ,803- 9,2s0,032.eo
Statistical matter do
htroyed boforo July
!, ,1872;.......".. s2e6l, ,1S0 @ .oas.73 M
nms'g e 7; 81
,,,3ss Ts!s L. es!ssyes ss s ts 'ny 1ss ~ &
Total amt rodecmed to July J. 73 $685. 7o7, 1884
WHY LONDON IS UNTOUCHED ny THE AMERICAN
| FINANCIAL DIFFICULTIES.
1'"0" <sp a'' e'1ieg1laa''s neig@la sf ''' New York
It soomH to bo now well.ostab-
ilshud conviction hero TINT no European house
can bo injured in this catastrophe that tho
| difficulty Ia American and peculiar to tho trans-
actions Of American houses, and can only roach
London through tho presence hero Of houses
that, though nomnalIy London housos, are
really tho agonoleH OF American houses that,
therefore, tho trouble will not touch financial
London proper.
This appears to be truo and, II true, what Ia
tho roaHon Of 1t 4? What is 1t TINT has saved
London, evon for tho time, from catastrophe
that has done 40 much harm In Now York It
long whilo been Shy Of that claas Of securities
TINT are apparently the cause Of all tho mischiof
In America. London llaa latterly boon very
much afraid of American rairoad enterprises.
haye had occasion govoral timos to rotor to the
number Of American enterprises that woro Offer
cd here on almost any tormss, but failed eyon BY
the most seductive promises to awaken tho
cupldity Of diatrustfm John Bull.
Regiments 9f Sxery pleasant gentlemen vih
havo gone home no richor than they came, and
profoundly discouraged with tho discovery that
John Bull was resolutely indisposed to make bis
fortune On such easy terms as they offorod. It
natural sagaoity that saved him lloro rs tho pub
lication Of tho History Of the Emma Mino and tho
prominence gtyen in tho English and American
papors to Jay dould's management Of tho Eric
Railway but whatever 1t may hayo been that
saved him, saved ho apparently is; for during
two yoars past incoaennt efforts hayo boon made
to place III Europe those very acou1itioa whose
weight has now carried down Jay Cooke and
them, and, II tho securities had boon favorably
regarded by bankers, London, as well as New
York, would hare been swopt by this storm. y.
NEW Yoaa, OCT. 1slThs aaaF Situation at tho soss Er.
change early IN the day marked By heavy fall In
values owing to further failures and tho pressure Of
don chango to e1trerne buoyancy. nor which priccs
advanced sharply. The payment Of tho New York
movement, although was argoy the result Of anip
ulaton by aomo Of tho bears who covered their abort
contracts ycserday at low prices, and went long for
Judge Dlatchforl. in tho United States District
Court this afternoon, decided to dissolve al injunc
uonH heretofore granted In tho bankruptcy caso Of
&. Bird drlnnel Go. Tho application 10 havo tlon
adtudeatel Involuntary bankrnpta VII DO argued on
assnee as r. steps Teso aksa e He at so!atorals
es dposs ~ nsss
ii no tntunctons existed, ThIs rcleaae Of nearly
' sse Of ossss sss a nssy liz aer s gay
one reason being that tho stocks arc relieved from
in somo cases. Brokers accommodate each other nt
per cent, but the bulk Of business was at staA per
pal for round os. lilo sovy M 'ss on IL he
Exchange made greater pressure for money. Green
bachs were rner and more active the prcnium rang
Foreign exchange was lull and decidedly lower,
9nniers sterling having sold Mt 1n6@looE for sixty
aya s19a ena aSo adSoo7 for sgh Thu customs receipts
aod dsciined from 1oo!s to 1os4. closing at 1887;
H. 3-16, 4, aud per cent gold md for borrowing
aut. The fnal ratio WAS II per cent for carrying.
Tho clcarnEs were 81 000, COO. Tho Assistant
Treasurer iapursed $G8 600. Thirty thousand pounds
wero received ut tho Assay Office.
Governments wcak and 1owor carly In tho
day, but improved ut the closc state bonds quiet.
At the herchunts' satcsroo1n today $4,000 Of At
ianto l: Pacific per cent gold nd.grant mortgage
bonds, guaranteed, sold at 80. Thefe were snles Of
sl2 900 Of the samo from 434 to AK. Tho difficulty
Of borrowing IN stock colIateras still continues
RAILWAY aud miscellaneous speculation was unsct-
tlod before the rst call. In this decline the owcat
prices touched Aimee the panic wero current. After
the tic mentioned the market began to improve and
at times was buoyant. Prices advanced from to ~
TO per cent before half-past 2. at The final close
there was a reaction Of y to ~ per cent from the
highest point. The most marked improvement was
aware, Lackarnnna 4 Western, New York Central
Rock Island, Wabash, and Pacino blail. Tho market
closed firm with cheerful feeling on tho street.
Sterling, lo7.
a GOVERNMENT DoNps. -.-.
Coupons, '81........11j / Coupons, 'D7....... .111K