, 1873-04-09
MONEY and 0MMERCE,
MONETARY.

TuEsDAr EVENING, Aprii B.
The local money market continues easy, TO-
marhably 80 considering tho atrlngoncy thnt pro.
vatls In all tho Eastorn cities. Tho fact probably
Ia that the prosont strlngonoy 1t, Nov York md
Boston ia partly ono Of tho remaining Objects Of
tho loBs Of property In tho Chicago and Boston
nros. Tho loss Of local capital in tho grent fire
In thta city was Of col,rao enormous, but largo
part Of 1t wnn III nxod property, furniture, Pic
t,1roB books, machinery flno residences, etc.,
oto., which, in many casos waB producing no Ill
como, mud, whoro IT was NECESSARY
to replace 1t for uso, 1t hns boon
replaced with cheaper nrticloa cheaper houses,
oto., thus leaving tho owners u margin Of ready
funds out Of tloir INSURANCE with which to
transact buslnoBe. Tho profits Of trado also III
tho last year havo done not lttlo to swoll tho
volume OF aynilnblo funds. III tho EaHtorn
citicB, howoyor, tho withdrawal Of insurance
capital in payment Of loases hero, and tho loan
oflargo sun,s for rebuilding this city, is, prob.
nby, ono Of tho eausos Of tho ntringonoy OF
money thoro.
today, md tho demand ls such TINT currency Is
still boing occasionally shipped to New York.
TI1E BALANCE OF FOREIGN TRADE.
In connection with tho proBont upward tom
donoy Of gold thoro IL OF coulHo much dtBclisaton
ns to what o1tent tho rise is due to speculative
combinations, and what is tho extent to whlcli
tho rise ia duo to tho unfavorable condition Of
ollr foreign trAdo, Which IL causing drain Of
sspscie to pay tue bnlaneo Of trade agalnnt. J. .M III.
There aro as yet no Official 'gtatiatlcs to show
what WAS tho balance OF trado Rgatnat us 1lp to
oven rs lato date as tho close Of 1872. The
only thing approxin,ating to it definitely known
y ota thst II s 1855 eaE asao 9fq e M
moro than tho total product precious tnotns for
that year. balancing our total exports of do
Ineato products (othor tlinn spogio) against our
fot1Gr
speoio) thoro WA undoubtedly a balnnco OF COLI
BIlorahiy ovor s200000,0A0 aSninst ,1s. OF this
balance s95,0D0, 900 wnss paid by tic oxrort.of
TINT much Bpccio ana tho remainder of this nd
worse balanco, as we'll IA tho annual interest in-
Gebto1nens Oh American securities already
owned III Europe, WIS s'scttlca" OF deferred by
the export Of moro bo1lds MI securities to tho
nggsoFete amount Of probably M over $500, ,ooo, ,ooo
the foreign commerce Of tho United Statcs,
iauucl from tho Duroau of Statistics,
within Tho Inst two weeks, only tgiyeB tho figures
for the niuo months ending Sept. 80, 1879, hut,
liBlod by tho Bureau for tho proceeding months,
We arc onablol to compile tho figures for the
t,eelre months ending sopt, 49,, 1872, M follows:
Tho aggregate declared gold values Of onr to-
Imports of spoco) for tho twelve months ended
Bopt. 90, 1872, wero $3.50, 755,8l7. Wo alao in,-
ported during tho same tWclre montha 81, $685.
O45 of foreign coin.
The gold vaue of orr totnl exports Of domos-
Ito products (cxclusiyo Of spccie) for tho twolvo
months cnding Sept. 80, 1872, was 9l27, ,69S, ,S38.
Wo also ro-oxported foreign commodities to
the aggregate value of SIC, ,Bd7, ,9A9.
Tho total exports Of 'Bfecio for tho twolye
months ending sopt. a0 1872, wore 492, ,o09, ,732.
Putting theBe figures in a moro compact form,
and balancing exports and imports Of cornmodi-
ties against each other, and exports md imports
of specie Against each other, we hayo:
COMMODITIES.
lnn0fH. .3aJu, ,154 ,b4t
Exports. s.,.................... 427 ,0g5633