, 1873-09-02
MONEY AND COMMERCE
MONETARY.

thnn Oil Saturday, mud oqual to nuy dny Of Inst
wook. Tho ruBllltH Of this great movement OF
currency arc beginning to DO shawn til tho
equally groat receipts Of wcnt, tito aggregate
receipts Mt milwaukee, md Chicago this MORN
ing bcing oyor 500.s00 bushels Of wheat. judy
ing by tho Quarters to which our banks
oro shipping tho bulk, Of tho currency, thts Is
Akely to continue for aon,o time. Now York OK
ohangc is OF co'lrse flat enough whom thoro is
Huch deinhnd Tor currency. Thoro woro but
Tow saloe and tho prico WAS nonllnally Sl.25 por
1'ooo discount. Tho loan market continues oaBy
enough, notwithstanding tho great activity in
mehey. TAo grain gooB forward from horo to
Enc Enss 30 fast TINT 1t makes IN abundance OF
eSchahge-which IL only another kid Of cur
fenoy-aau Keeps up tho deposits Of tho banks
THE PROSPECTS Fon THE FALL TRADE.
Iho mercantile agency of Alessrs. Dun, Barlow
y 20. have reccntly issued circular containing
reports from ovor thirty OF their prinoipal bra,,c
oflcos, iii various parts Of tho United States. ro
Eard'pg tho condition anl prospects Of tho fall
tralc.
It Is presumed that III each caso these roports
aro simply Combinations of tho views of
merchants en1 manufacturers at tho yari.
GUS points nnmod. AS regards tho rela-
tlFo prospects OF tho dinoreut sections Of tho
: country, thceo reports show TINT in
No tho West tho expectation OF an &C.
Dero @ fciaes cheeso fs tnSas n general nj
nngson, Dubuque, Quincy, Kansas City, and
other Western points, merchants feel coliadout
oi o. good fall business, especially iu dry goods
Hsdo fro and any some 0ognato nos Of goods
tho agricultural districts Of tho Wogt arc baro ~
gooas. Tho extreme stringonoy Of money laAt
tic ra 70 S'ara " p so m in
vented country merchants from stocking llp last
ssprlng to tho usual oxtont. It waa undoubtedly
nsay ata .hat on nGy did not rs the spring
satisfactory s., Owing to tho low prices for noariy a
al tho leading products Of tic West oxcopt ] |
wheat, and to Tho high prices Of manufactured
soSsrs 1enrs ah 1e ta ths sprn than
a;9 wHat o1travagant scale Of living that lad pro
valtod to amoro frugal one was general. For
si sho time, 1t was unfavorablo to trade, l3ut
roa iro summer. WHICH began 10 inarapiciously, has
PAID for nearly everything, s0u5 and IIn tba
uone1sncy ,a1 Of tho corn crop will cause compara-
eo &c loss 10 anybody because it will lavo
.ast . years corn crop still on hand. Tho ccouo-
my or the farmers FOR tho past ycar hos eo "a,
oi auGea tue stock Of clothing, farm implomons,
seems moro than probable thoy nlus( mako
larger purchases this fall tha, usual. Iofcrr;no
ngain to Mcasrs. Dun, Barlow & Co.'s oircn1are
IN dh;coan 'ae 1feanol' @ gathered from merchants
largest trado IL expected in clothing and in sta.
PIC ury goods. Fair to average In erocorios L't
rather bltie lookout III boot nnd shoe intorosts
AaEaware demand will be middug, notwith.
branches. 49, WV Ao's'S
=, IN regard to tho prospects for trade in tho
Eastern states the reports vary according to To-
snsy snrs} th New England they aro gonerally fa-
the M Vest l1l Western New York, Western Penn
sylyanlat and Eastern Ohio, tho prospect il leps
satsiactoly than III any other part Of tho United
nea@es ;n 81, throughout the oil region business il
connaenco Ii pretty thoroughly unsettled TIo {
production Of oil IN far in excess uf tho demand,
ana tho price Of tho article has fallen 10 low thnt
fnrtar nuen =. iaa works machinery, etc., based on
stflkes N tho coal mining districts, aid tito do
chho III tho demand for iron, which wore brought
plomnont!y e1'r to Tue notice Of tho public some
eial condition Of tho n.orcnnti|o community Of l
enat reglou, and in Cleveland, Eric, Buffalo,
scranton, Pa, and other trade centres NOR. I
1aats 1or ',a f nar le in tho pros
co.'s reports wo find. however, sonlc oyilences
y prevailing wrong -hcadodncss Of morchnntg +
n cleveland, Erio and other piacos in that pnrt
'ontieo at eonsfy ta H. II aselbng their unsatisfactory
1t Wall be remembered that it was tho ujc inn +
men OF that part of the country who, 1t their i
convention this summer, passed sonio STUPID T
uaIs'ons ,aas N 1avor OF ar issue Of moro groom
3ae9s. M what they really desire is to doprecalo
ne Legal tonders, no us to permit every debtor to 4
2ny hlh debts with less monoy In otl,er i
1otae, a ihoy want general bankrupt act which
n' nn oit %ie o4s to greater portion Of all exist
us aeute. ihe coal, iron aud oil regions aro.
,,otwoyer, probably the only parts Of tls UnitoI
states where Ill initiation of greeubacks would
20 popular. "oua"
rF1,rmuho,,t H., c.,.4, =. Il
ion 1t OF moderate wintor'u trade ID rsnorai. 4
ne ne cotton crop will bo large, though nrlcoa e
sill be low. Tho chiof drawbaci IS prdba;v ,i1 q
~ spo n uhaotted social md political condition Of r.
ONES very unfavorablo report of tho arms &c
Nd tho expectations Of trnj1c.
hiLvEA nuLIloN PRODUCT IN CHICAGO, d.
5ooh alter the opening Of tho Union Pacific m
= the gold and nilvor ores OF Colorado una Iiai II
'ouid IN very few years become ono of thu nj
aost nportant departments OF tic business of oi
any ta LINER branches Of trade increased
oads throughout the Northwest, Tint, Till iva ..
q eafs AGO. no ono scomcd to lnd time to giyo OF
,sSn''0n m;t'1 to c this busness. MeaHu. Adam pt
erimopta 1i1n no. an engaged ngag,,i in some ex- N
y. 40 secrets W which tho precious metals ge
IN bo reduced, they have, for year or more vi
cen conhtantiy onlarging thoir facilities. Til in
mt II ~ u ths acalt to seo whore hoy liz tho
me swanson silyer-Smelting and Refining II
ofRs produced tho past wook, gold, silver, and au
aa' ~ 1ollo"s: ali
PITY silver bricts, valued. ucd.....,,,,..sn sno mn | gr
'au' 2oo,oto lbs, at Aao.......,,..,,,,..1s aM Ef
Total -- an
.'''''..''.... ......".....,$tl,2 200 OH
Whon tho enasgements ut tho Swausaa md ~ ~
10 brighton Works are completed ACCORDING to iMr r.
:oaont plans, they will yield at loaBt s1OG'000 W.
sr week; is confidently expected that this IL
sait Ga VIII 10 reached within tho coming year. cb
CnnG at tlto froight-depot Of tho Rock island m
Pacific Railway last weok, wo found 35 CIR -.
aan o. ore equal to $50 tois stored; aud at m
% brighton WorkH there woro GI carloads. CID da d
ns inore At only S1o0 por ton-it will proba- th
ylc!n Sloo at leaht-hora are waiting to he M M
tipped Eastward about sl,oOo 200 in sol - cold id M M
~ ,r; Of it Of COURSE being silver. in
a. VII DO reduced as fast MS possible. For the A.
If ~ t19a pn 1hsSe oFGs about 900 por day is me-
tho Swanson Wor,a ~ ~ taa,,y tonh tharo nro fri