, 1873-01-30
MONEY AND COMMERCE.
MONETARY,

WEDNEApAY EVENING, jan. 10.
Tho local money market coutfnuos stringent,
and notwithstanding tho appearances OF "r-
pronohing easo that woro manifest In tho EAST
ern markota wcok or SO ago. very 1ttlo follo1
has been obtained horo from tloho quarters.
Chicago banks had n larger limo OF rodisoonnts
from their Now York correspondence on January
than uuual. 10 large that they layo not 1elt fn-
o1iuod to nsk for any inoreaBo Binco tl1en. Tho
amount OF money Bent l,oro for lonn on real ea-
tato and on collnterals, has also boon 1esa than
is usually sont In Jannnry. There Ia atil n large
amount Of wheat, cattle, mud hogs In tho coun-
try to como forward, and whom tho woathor mod
erateu 10 rs to admit Of these being froely mar
Aoted, money will become easy In tho WeHt from
tho realization on hor own products, but I'M til
then thero doos not SOON n1uol prospect Of ro-
taxation Of tho stringoncy.
In tho open market, tho bost business paper
soils At ~ per cont por mouth, though on I'M
doubted collaterals, aud for short time. 1t is to
DO had at 10 to II por cont.
Exchange wea quotablo for ~ salee hotwcon
banks today 600 to 76o por 81 900 discount.
THE INITIATION IN RAILWAY BToogs.
Tho last Hlx weels havo 11nquostionhbly bcen
hard eeaaon OIL railroads, nnd on nll tho roads
In this 1atltude, md north Of this, tho damago,
whools, axlos, and ratls, and consequent run
ming of tho tracks and smashing of cars; from
the falling OF in passenger receipts In eonHo-
guoaco q tho aoyerity Of tho gold, aud from
Rs anssn asssnGn n of sesp 'As r Vii
ha7o m unfnyorablo otroct upon tho
value OF their stocks in tho spring.
In view Of thid, 1t ,acoms probable
condition @ % Of tho stock market Is likely to tsko
place bofore spring. Most Of tho speculative
stocks nre now highor than when money WAS
eaay last fell, and 1t ia apparent they are being
port,,nity Of elifting their heavy loads to tho
TIE EQUIVALENT OF 4 POUND STERLING.
correspondent Of New York paper suggests
Of the United States, tho legal equivalent Of
s3sa S;;s dass eontsp, s e. 2s ..as a sp4s # a
n nsu pra so1d q pound sterlna Sus liz rst
mentioned Sum would mako oil calculations
much simpler, ae threo pounds storling would
then be the e1aet equivalent Of sl5'eo Hheress a s
'thoro would alWays.bo fraetiona Of cents in any
number Of pounds sterling. Tho proposed
change would only make, . dinoronco Of aye
oonts in eyory $500, while 1t would greatly
eimplify calculations. ~
uAnrEr-nAa F1NANolEn1Na.
Tho demoralzod financial condition Of tho
State Of Arkausas resulting from tho rule of q
horde Of carpet-bnggora who hayo uaurped logfs-
latlye authority, may be estimated by lew Blg-
niflcant faots which havo come to tho surface In
connection with so1no recount purchases made by
that State In this city. The aggregate Of State,
county, and city taxes In Lfttlo Rock is 6N per
cent por annun. In tho county outside OF
Little Rock tho average aggregate Of State and
county taxation is So per cont per annun1. Tho
State taxes, however, are payable in State scrip
ut par, aud tho scrip can DO bought In the ,nag-
kof ut 5uo to Goo on the dollar. In some rccent
purchases in this city Of stationery aud books
for the use of tho State, payment was made In
State scrip ut Doc on the dollar, but In Wow Of
the diAiculty Of dispoalng OF tho
cry wsH Obliged to ohnrgo nearly double prico
for their goods. Tho result Of this ia that
in payment for 81 600 worth Of stationery, the
State Of Arkansas pays 81 900 Of its tsxea, or
PRESUMED that this is a fair sample Of the basis
Of all the tranBactions Of the State. In view Of
this condition Of things, it is not to be wondered
at that thoro have beon symptoms OF popular
rebellion against tho tyranny Of tho carpet-bag-
gers, who arc sucking tho substance Of the oit1-
gems of the State. Il is, however, q significant
fact that, the recent appearance Of . regiment Of
United stntea troops in tho vicinity Of Little
Rock has been tho means Of squelohing those
symptoms Of revolt.
ror.r crocr Avn nnNn MAprFr