, 1873-02-25
MONEY AND GGH.lMEERCE.
MONET AIRY.
MONDAY EVENING, Feb. q.

MONDAY EVENING" Feb. q.
III, condition OF the local money market seems
n be gradually improving. Our merchants have
,ou, ,nads the great bulk OF their 1emittances to
New York on their maturing indebtedness there;
consequently the money realized in the shape OF
exchange against shipments Of hogs: cattle, and
nroduets becomes available Tor use here. The
demand, however, is active, and increases with
The supply Of money. The country. demand for
nrrency has fallen OF largely, and ronaittances
10 the West are light.
The large supply Of exchange keeps down tho
price, and GALES were made between banEs TO-
day at 81 ard at Boo per 81 900 discount
APpEzHEJs1oSs II NEW IoRh
The continued etr1ngency of the New VOTE
roney-market has created feeling Of d'st1uss
there in regard to the financial future, and sno
commercial community Of that city arc sgttsted
by tumozs Of commercial failures IN the "eS1
md South. As far as the Northwest is con-
cerned ne think there is no ground Tor sheso
rumors and apprehensions. The States north
1T Tho Ohio River and west OF the lakes are
really In 8 prosperous condition, notwithstnnd-
hs the low price Of. corn. They have just
marketed an immense hog-crop at tolcrabIe
prices. and are now marketing la1ge part
II last years crop OF wheat at fair
prices. III were not for the 10"
,r;oo ~ nm, md thu ertravarant cost Of jts
.t;o,, - ths Faat +ne Torthvtest would
.aa1 ,,h T1,c efract ~ marketing The hoe-crop
49, b.d , r-narr,h1e eject in Frightening tho
! ,rosnccr hnro. The supply Of money is increas-
! M DIV nv dav. and the prospect of good
! ,r;no tr,do in the Northwest il improving
I t,o1i1v Tn somc cf tho Southern States tho
] ,roanac. ia nct Gnite so favorable. Louisyi]le
j a+t.r ~ ~ ooth rave.
4 n,rno tbe l,st two weeks Elk disastrous failures
i ave occurred In Shelby County, in this State. John
feo rna fniRnon oeu en- o s15 .hcr sssea
I s., co., Shortly after, Messrs. H. ". + Ben ofut
LED their nao1ncs oeng soev sna @ ,ns ,o, =
a!:srd m.de an assignment, their Liabilities being
:oooo and their assets abont $4,000 gEea: hnsn;
~ hs. .1a &C., 1sd or ag ia t
Il Ig thirty suits il ono day.
Il This, however, may be merely the shaking out
b weak concerns that usually takes place after
,c close Of the year, and does not necessarily
.dicatc any general financial unsoundness.
There has, however, been something OF an '1n=
4 ,ttiement Of confidence in New York By reason
L !: the rrmors above referred to, md dozen
1 uses arc being cited there as REASONS for the
Il ,prehensions. Among these arc: Fus-1he
Il .st destruction Of property in this country by
Il q, equal to eeveral hundred millions OF dol
L rs in less than two years. Second-Tho cxten-
L on Of our railway system and other works OF
i ternal Improvement. During 1872, 1000
n lies Of new railroad we're constructed,
L presenting cost Of so8o, 600, 600. Third
i 70 retiring and cancellation of the 8
4 = cent certificates. Fourth-1he SNOW
Il ockade, which interferes greatly with business
Il on, the interior, more especially with the
|. ,yemert Of produce from farmers storehouses
~ railroad stations, preventing the farmer from
): 4 wing the storekeoper, and the storekeeper in
IL gn from discharqiue his obligations to mer-
p, Il onta in The 1aroa cities Pifth-The ont6ow
Il .Nt. 10 49,: o-...t;a1 - -.
d co1iencs W 'no 1nsoA4ol' ~ NV onA5
i usual but almost unprecedented sl1th-Iho
Il go shipments OF specie to Europe, the amount
!: t: y held by the banks being smaller than for
+; Il .,o~-as,,ons;no -ar;oa ~ onv ,,rav;ora r.ar
). 'eot1e0l''Ae po11o1 ~ m, p1o'.
!: Il nVe years past. 7oeVentn-ine nlGn 1rolSnt
i Il lrges of railways. Eighth-The boarding OF
u al-tende1 notes in the Southern States. And.
IL - -T1,a ,ra.a,+ condition ~ +ha New y,rl,
49, -,.s.t poSeAs so,e1 .ta;. .eso,~a 1&~
$!zs COUNTRY BANKS DESERVING NEW YORK.
II Few York dnanciers are somewhat disturbed
IL tha fact acknowledged 1,v some Of the Ne,g
+ =. 6a..,a;s1 -,l1;o,+;o,s th.t +ha h,,1a ~
II y unaieaa. papiieatAonH' tuA' *uo o'aAs ~
r i Western States are eelt'ne mora ana more
s Ii the habit of *'redee1ning in Chicago, st.
: III uis. and other Western citiea, instead Of in
+ .;tv ~ Now Writ IA +hav mad tn do.n
.9-Tv, 1vI.:-, n,uo.;.1o. .rt,;,. !.
.no Se" 1oin ''4,'"'s "" o','.'0' ~ "'ne :.
i noWledges this tendency complains that II II
j & crosses it will materially comp1icate the
!, a. l. ar;sah from tho f.ct that
Il ~ e4Ao9 ~ se ~ S'