, 1873-07-22
Money AND COMMERCE
MONETARY.

WHINE NNfs
= MONDAY EvEx1Hu, July ii.
In tho local money marriott there Nna nothing
worthy Of special noto to-day. Tloro Is somo-
thing more of doma1,d for nonay than was
noticeable q wook or two ago, but the R,pply is
largo yot, and approved borrowers got all they
want without difficulty.
New York exchange waa weaker to-lay, and
sold nt par.
BANKRUPT roNK BrEoULATonB.
The attempt aomo months ago TO corner pork
resulted In tho failnro Of a good many spoo,,-
hitting firms in st. Louis, Cincinnati, and Now
Orleans: Against thrco of tho st. Louis firms
proceedings In bankruptcy wore instituted on
tho 16th inst, viz. Mcaars. Cleatham d
Draughon, whose liabilities arc stated at $780,
900, and aesots 9So.0O0 unrris l. Thomas, lia-
bilitlcs $4,000, assota $4,000; Guthrie & Co.,
liabilities 100000, aasots nominal. Nlossrs. II.
hiilwnrd Co., Of Chicago, appear III tho lists
Of unsecured creditors ms follows: Choatham Il
Draughon, s115, 5,2G0; Harris l. Thomas, o., ,750; ;
Guthrie i Co., $16,500. Tho noxt heaviest
creditors arc Alexander i Crnmor Of St. Louis,
claims against Cheathnm Il Draughon, 100000 !;
against Guthrie = Co., $1,000. Therc aro thirty
Orleans, and Cincinnati, with claims ranging
from $4,000 to 81 1000.
AN IMPENDING GOLD SPECULATION.
There continues to 10 considerable comment
n the New York papers on tho movements 9f tho
move ''is to buy all the gold That can be had.
and also effect . stringenoy in tho money market
In tho fashion that has been found encctual in
IT. no% as e bay phh ho ssnS " H.
samo timo to lock up grcenbaoka, will wo think,
bo found too heavy contract for any clique, no
mattcr how strong, nj this soason Of tho year !;
cause change to somo extent IN Tho condition
Of tho money market Of New York. Tho buy
ing up and holding OF any considerable amount
Of gold would. OF itsolf hayo o tendency to
price Of gold, nc, matter from what cauao,
is always all indication Of u diminishing supply
Of money in tho market, not simply Of epooo
money, but OF any kind Of loapablo capital, It
is doubtful however, If tho Wall street cliques
Is usually nscgibed to them. Tic Wall street
quotations arc only local, and do not affect tho
genoral value Of gold. On tho other hand 1t IL
abaurd to SUPPOSE they havo powor to eithor DO.
mass Of paper currency throughout the country
by their maupulatioua Of n {ow nillions Of gold
in Wall stroet. 1t ia vol established fact TINT,
during The great, gold e1citcment Of 1869, on
Black Friday, when gold WAS selling" in
amounts OF from 81 ,0O6,00O to 5000, 600 Ia tho
Gold-Rdom at from 1G0 to 1G3, it was
sold in small amounts in tho stroot, and ut banks
TOR logitimate PURPOSES, at 1856. ! Bpeeulntiyo
Viii ntreot na ,,oth;,ET ',,,ra -. ~ III ~ nI -
va1,a ~ o;tor ao ~ rraohscts +1,a 11
in srhcat for insfonco 10 tha G;cnen 1,,artot Tor
Ir,v Icl;varv co.,,I H. ~ ~, ~ T., ~ ;t ~, nis -
hoot for JsI;wor ,axt tnnh 1nti, onans
H. annv hot RI t,soa,, 4n i,i,o ~. osra y" ~
y,;c ca mi ~, ta ut t,a,,at ~ 40 ~
Thn ctitons hicI, nrco IL cnnGuad IL ~ hn
tn snecnintora nnd IN tia cinaa nra inoaS H.
imnprt;n~ InnrcSnmta ,sI,n sra o1~a., ~ n a;ao
o. tia otkor IN nnv po sneonato1 ,yh;1a v Ie oiMcp
morciants havo ny Snthnr to A. WIFI Viz o'ua' 4
and INV Int 1;ttlc nttcnt;on IN T. knnw,nTT
vsrv weX that tho ectt;oua ,,r;co ~ ~ ,oiI T.,
lm3ed Iornlitv ;1acs nh otroct tl,o consral vauc
eIsowl.cro hit actirn snccmlnt;nne NJ INV 1.;nJ
Ina ~ tcndoncv tn nhaorh monov and maLa
1oannb1e fnnfs scnrcor whiIc tho confost hctwnnn
the bulls md bonrs il in nrorrcsa, Shonld tho
tIr.ntcnod mon;nn1at;on * H. ,1o1a ~ srLot I Ia
un,lertnEen in New YoyE i vii nrol,ahgv In y
Sa;imra Monav 10 too r,,ontv t,,ara ~! o;ti,or
nnrtv In mt ,n,;c,, +ho ofranfooa ~ t,c n4lar
f' " Tur SF,v nanr n92Jsn AZ 'A0 s'AoA'
hoa thc 7vor1la tA2o era;na am fna " ombr,rea
in flo aoscn of nm 6siIc ~ ~ 4ta oo|r 1h;s IL
nnro of n2actico1 nformetion % an co,,,o,ouda,,io
AT cvsrv cn;n ~ nxnrv n;v,};z al nn4;on n,,nh4
tn hovn simiiar inforrns stnn ~ n. foco "s or ~
ro,iar utIi ovar co;r as,nn,a hnvn e,sne5, ~, ~
ita faco ti,o n,,,,,bar o5 srs;us ~
r,,ro roi os nnro vor j. cnnta;ns v;ti a,,et,
~ ~ H.; foa ~ @ .anaa ,,ia e,ot