, 1873-04-10
M0NEYAND COMMERCE.
MONETARY.


The local money market continues to work with
moderate freedom. Tho demand Is active, but
the eupp1y Of money continues fair yet, and bor-
rowers, who present satisfactory collatera1s, get
money without difficulty. -. .--~~= 50.
New York exchange is in demand and sells at
Soc per 8, 900 premium. Currency is still being
shipped in small amounts to New York.
SECRET INFORMATION FROM TIE, TREASURY.
It is often charged Tint Messrs. Jay Cooke
Co., and other favorites Of the Treasury Depart
ment, got information Of Treasury movements in
advance OF everybody not in the ring, and that
they make use Of such information to their Pc
cuniary proft. This would probably be denied
at the Treasury Department., but there are some
recent INSTANCES in connection with, the
exchanges of bonds deposited to secure
circulation: One ta3k not long eince decided to-
buy s9o0, 900 of the new: S per cents in tho New
York market, deposit them with the Treasury,
and take up $30o,000 Of bonds -of 1881 and
tse1l them in the New York market. This WAS
done, but it WIS found that the New York
broker OF Jay Cooke l. Co. had received in
formation OF the exchange on the day it was
done, and, in expectation OF this amount OF
1855 being offered on the Stock Exchange next
d1y, the agent Of Jay Cooke suddenly turned
bear and offered to sell 158ls at hc below the
ruling market price. This depressed the price
Of lSs1s, but the $500, GOO were not offer
ed for sale, and he vas not .ad1 able
TO bny the expected amount Of 1891s;
Information M o n Of the Exchange and bonds almost
as soon as it was done- Still other and more
recent instances Of information received by Jay
Cooke 4 Co. from the Treasury Department
como to our knowledge in the facts that the
every bank that holds any Of the called bonds Of
1862, and Chicago banks owing them hare re-
Gently received letters from Messrs. Jay Cooke
L. Co, offering to exchange per cents for them
Now, # Aessrs. Jay Cooke Co. can get this
Department about the private affairs Of any Of
the National Banks, it is fair presumption that
they get any other information in advance
they want in 1egard to Treasury move
,nents, and can speculate in gold and
bonds On information which the Treasury Off
ciaIs deny to the general public. The charges
therefore, that tile Secretary of the Treasury
has couuded with farorita bankers in their
spcculations in gold and bonds are well founded
RELATIVE EXPORTS OF CORN AND WHEAT.
It is frequently subject Of remark that the
publication Of the reports Of the Bureau Of
Statistics Is go tardy that great portion OF the
value Of the information is lost The statistics
the commercial community II they were
only published within q reasonable time,
instead of being six months bebind,
as they always are. The report OF the Bureau
IN regard 10 1oI6lpu e1POIle au4 Att.olta AoI tuo
nine months ended Sept. 80, 1872, has only
been published within the last two OF three
weeks. But tardy Els is the publication Of these.
reports, they furnish some interesting info1ma-
tion to Western grain producers and dealers.
One point Of interest is the relative increase Of
exports Of corn as compared to exports OF wheat.
The following comparison Of the exports Of the
two kinds OF grain in the fifteen months ended
Sept. 80, 1879, and in the corresponding period
TO Sept. so, 1871, shows that the large
com crops OF the West, in the last three years,
lave induced the substitution Of corn for wheat
in large part Of the foreign consumption p. q.
E1roaTs or WHEAT FROM TIE us1rED STATES. :