, 1873-08-12
MONEY AND COMMERCE
MONETARY.

MONDAY Evrs1:sn, Aug. II.
The only feature Of tho marriott to-ttay IL that
exchange III working ovou closer than 1t WAS last
Wook. natoB botwoon banks woro 60@7Oo
pru,niunl por 81 900, aud most Of them refused
to Hcl at Tint. Wo hoar to-day tint some par
cells Of currency wayc shipped TO Nov York lato
last wook, and moro must co forward unloss tho
1narkot lronkB down, aa 1t iH beloved by many 1t
must soon 1o Orops aro heavy, und gold a,.d
wheat will BOON bo going forwnrd In largo guam
tisloa, furnishing toubtloss, with our othor pro-
ducts. nil tho oxchango our business circlca mny
require.
ln tho general money market thoro is actually
no ohangc. The bamks haye an abundance Of
monoy, and would tako as much paper aB offors.
Discounts nominal ut 10 per cont, but some OF
tho banks would DO worry glad to get hrst-clasa
short business papor at considerable reduction
below the legnl figure.
stroot pnpor is not worry abundant. Tho noto-
brokers aro ablo TO place about all good parcels
at 1@)2 por cont per month"; with commissions.
!ll,e usual average continues at about l@115.
The Now York World Of Saturday reports the
money market Us follows:
The European market reporia stil higher prices for
United States bonls today, especially for 1su1s which
,Are o44@9t7s III Londun, md 100 anh tntcroat IN
Frankfort t0 bighest quotation yet nae IN tho lat
ter city. The London Ecouomfst is douboss correct
II noting tho exceptional favor accorded TO United
Europe ony to lay interest on old ioans that ii length
tho borrowing doFernlnent which dininfshes tta
dabt begns TO receive tho attention commercially due
In our market To-day gold was 1-1s 1owor, and de-
cdedly lcayicr to carry. The stock market rmor
lin tones Eric made some recovery, apparently tho
general temper here rather than on London ady1ces,
hnd Pacific ha was conspicuousy active, with m au
feature Of tho ay was ho greater pressure for money
On tho part Of tho gold clique. On tlcir gold they
sa to sa * e xb, f. es
longer any doubt as 10 the common opinion Of the
Mot In the pay of tho Clique now believes, with u.s. that
tho combination to bull gold and corner tlle autumn
nauaion 10 eoeto mp 5 t is 'Sso Wort o wie
veneray thought to bu impossible, without tho failure
osed 5 be ady s 70
enor upon tho busy season With any hope VI doing
nstico to the requirements OF the country 1tis to To
hoped that preseut calculations are correct wo
think them; i'll that shn SEQ tho last OF
this organtzcd warfare upon legitimate trade and 1o
conditions. rho complete bankruptcy Of tho remnant
oi the Fisk Gould party ia essential TO SOUND businosa
allo fruits Of tLla autumn.
Tho Boston Journal Of Commerce of tho 9tl,
gives hopeful view Of trade aud money nattcra
in that city. It says:
Tho money market Ia atill we'll supplied with moro
setivisy ard naraps may bo quotsd onc-alf per cent
'AileHeE tb Woek hntle s0lG B1lt-euGG OF tho GESt
Klldea kind, is paased abou. 7, tho minimum On frst-
'caHu n,ny 10 quoted IN to s5 with sone very good
paper about even. The rlehora Of funds ID New
accepted in aoms street loans Bono banks report q
very good demand for money in this city, and tho
plethora Of small bills is somewhat a1atcd Now York
fnnda aro quoted abont oven. The prospects aro OF
little incroase in ratcs with healthy demand and fair
led 10 extensive preparations and grca. caution III pur-
chasing Of goods 50 that Is hoped my serious pros
HNss VIII w ayerad Largo receipts Of wool nre conl-
b1fu tlut
important market las up to largcr figures than
over before. Tho feeling In trade circles ii cheerful
anil encouraging ami confidence II Of Itself current
money that ekcs out tho nct,iel cash IN tho bauhs moro
than most people would suspect Tho currency baanco
III tho Treasury Is $o1lA74 mud will probably he in-
creased largely this month by tho sales Of gold.
LOCAL PRICES,