, 1873-12-19
W 0NEY AND CONNIE RICE.


Tho supply Of money II, Tits marltst gradually
ncronsca. and though thero Is still worry active
lc,Ras,d. thoro Ia no difficulty III getting money
IN good collaterals or prime commercial narnos.
Tho rocont heavy shipnonts Of hog-product
md grain havo steadily Increased tic supply Of
sew York exchange until 1t hua ca,,sod 4 inovo-
uent Of currency from TINT city to Tho Wost.
3oyora1 bnn11B hero woro o,laripg currency from
lie East to-day and bnpta III aevernl OF tho
Western clttoa nro offering oxchnugo on Now
fork for sale hero. Now York exchange Ia the
,aluo Thug as money, md its incroaAo In tho
Nest iuillcatoH rllo increase Of money roalizod
rom the Balo OF Western products. saos OF
New York exchange were znado to-day IT 75s per
bl, 900 discount.
It Is suspected that the false report talo.
graphcd hore from Washington yesterday to tho
,ifcct that tho South Park Commissioners OF
clicago wore trying to negotiato moro bonda In
Sew York, originated i'll tho jealousy OF sotno OF
hc banks hero vic fancicl tllat such report
night In Bono wny errbar4a aaa tho movements or
,lhas OK somo Of thor competitors. Tho fact
ila. d Chicago bank recently offored somo OF
he South Park bonds III Now York has no moro
rguincanco than ii IT had oGerol Cook County
,onls or evon Government bonds. AS for tho
.es;rability Of South Park bonds for Investment,
10 layo roayon to holisyo they aro oqunl to my
nunioiral or corporate bonds nov III the mar
tet. TLcro Ia not quite $4,000, 900 Of them out
yta.,tliug, and 10 probability that any moro than
81, 900, 900 nil be iasued at least, not without
duo notice to thepnblio. Tho South lnrk law not
only makos tho whole property Of South Chica-
CO. Hyde Park, aud Lake iablo for thoae bonds,
Which aro tHsucd to paY for tho lands taken for
tho South parlka aud for tAoir Improvement,
but authorizes an annual tux Of e30D, QUO Oh the
o Of tne
tho paris ln order aftor the tmprove-
n,ents arc made. Tlls tax goos Into tho
regular tax-liBts Of the municipalities, aud IL
rolocted by thcrnwn collo:tozs tho Same as the
bonds ts the first thing the commissioning pay
nut Of the annual s300,ouo, which leaves $1U0,-
900 annual income to apcnd on tue Improvement
and maiutonauco Of tho parks. vbo RESOURCES
Of tho South Park Commission, however, are 10
woll known that it has anggosted TO cA1ue tho
sclouao Of aunoxiug Hyde tnrk and other subur-
han townR to tho city and the consolidation Of
tho South Park Board with the West Chicago
md Llucolu Palk Doarls, which lind gieat
difficulty i'll raising tue funds to improve md buy
reason 10 bolievo that suoh achomo iB being Or
ganiZod aud will DO alyocated by the clique in
Clio Legislature. Ono Of tho presumed opjecta
u to chnnge the Park luws 81 as to divert tho
revenue Of tue South rarks to tho improvement
CT tie other parks, though tho whola scheme Of
h,laexiuu the suburban toWus probably embraces
1,nny otter objects. Tho suburban property
owners, Aowevur, will probably obj Get to handing
bchiud lava devised for certain purposes which
arc fully known only TO tic clique.
TA1Ra ot; sAyiHos uEpps1Ts.
notwithstanding tho ta1es OH savings deposits
Ferc greatly diminished year oc two aSo by vet
Of Cougrcss, q committee 0f savings bauRurs
af rfttrn
Gtiou Of ta1ea Oh savings deposits, Oh tho plea
that it Ia \ TAX Oil poor people. Tho National
GAnkors III Congress rebut Ibis plea with tho
ronpluint- which il we'll foundcd-that tho sar-
mercantile housus, aud that they havo no right
10 determinations III their lavor. Tho petition
II tho sayipga bankers Viii meet with no favor
III Congress-.
sAE DEFICIENCY OF TIE REVENUE AS pRErExT
FoH INITIATION.
It now begins to appoar that tho falling off in
the Nnioual avenue. which tho Secretary Of the
Treasury Mxue tile Eruund foT asking FOR al i'll
creaae of tnxatior, III not nearly 80 tnrgo ns Ao
estimated. The Seoretarys report WAS wltton
In tie midst Ut tho Eanic, mud under its dopteBs
ing influence Ills estiuuto Of internal ravenuo
receipts for the nine moutlls ending Juno 80,
1874, were $GG, ,000, 200. Ihia estimate Indicated
fnl1ing or Of about 18 Cor cont iu lhe previous.
ly anticipated internal revenuo for tho fiscal
year 1s7s~4, as result Of tho panic. Tho rapid
revival Of businegs, however, since tho palllc
shows that this panIc cstlMato Naa too auall
The total Of intefnul revenue rcceipls from July
to Dec. IL were $40 y08 ,00u, Of which SIT &C.,,
900 WAS collected between Uct. and Dec. H.
F. Illis period nearly covers the duration OF the
pnnic and yet The ioeouue werc no larger for tic
next six months than tho average mon;hly TO-
cepta during the puuic, tho lotul auuual receipts
would only fall about S1.50uooD slIurt Of tho
present rapid rovivnl Of business,
It would he foolish to suppose tho avcragc
monthly receipts Of tho next ai1 months would
not ba larger thau during tue pau1c. The prob
ability is that tho secrctarys panic estimate OF
SG6, 900 for tho internal revenue OF the nlne
mouths to Juuo 30, 1871, ia from S8,000,00O to
$4,000, QUO tuo small Thorc wil undoubtedly DO
Q very important fAlling OH in tho cuatomB dutica
for tho yoar ending June 80, 1874, but prob
ably not neay 81 much US estimated by the Soc
retary. His panic ostimato OF the customs du-
ties for the fiscal yonr to juno 90 1874 was S148,
QUO, 600, which would alow fAlling uT Of uear-
j. 545U0D, QUO from tho 1892 729, ,540 Of customs
dulles received in The fiscal yoar ending June 80.
not he 10 poor az WAS thought, aud that there
will not bo 70 much necessity In tho falling of
of revenue for the imitation 'of tic currency
as presumed. The repairs OF the navy, how
pyor, will absorb large amount, and as imitation
il just now popular, It is e!together probable
that tho whole $44, ,0d0,C roo will 10 put out
LOCAL STOCK AND noNp MARKET.
MesHrA. preBton, Koan l. Co. quoto % fol
lows this afternoon:
q. s. ca Of 31......... ...........l4o t2oI5l2vs;
Y. .. 6-aos Of Ills 11a14@110
T.s. ~. ot t y.;"........1111sk no @1IISSA
q S. 5-40x If Us January aud july.llsK 118'{@llpa
o. s. 520s of 'G7 Jauuury aud July 1lB}S 1lg3sGSll0d
=. S. 5-29s Of 'C8 Jauunry aud Jnly.1lBA 1lBti
11-4os... .........u1N ll94@li3a
o. 8. 81 {aa. iasuc). ...l2A 11oA@l13k
Y 3. currency Gs.....-............!!3A 1l311to!!4
1o!u fau %elgat|.. ..........'...s.l!A 1!!a
- {.