, 1873-05-29
MONEY AND COMMERCE
MONETARY.


WrpurspAr EVENING, May 28.
Affhirs in tho local money markot continue eo-
void OF any fontr1oa Of special interest," Ino
weather of tho lnot fow days, though sti1 aomo-
what unsottlod, laa at loans beon warmer and
fnore sutatuorltko, and haB had favorable III"
fu1nco on trado aud on the prospect Tor crops.
Tho supply Of loauabo funds is probably as large
hero now, in proportion to tho demand, as 1t has
boon at any timo for noar1y ycar past. Ex-
change on Now York has settled down to pAr,
md remains protty firm ut tlat prioo, though,
with tho inoroaso In receipts OF grain that will In
all probability bo experienced during juno ship
u,ents also will increase, and from this timo for
month or two tho balance Of trade ia likely to
DO in favor Of tho Wcat.
The call Of tho Comptroller Of tho Currency
for statement by tho National Banks, showing
thc1r condition on April as, cxoites soma s,1r-
prize, on account Of tho delay In mailing 1t. 1t
has boen tho custom Of tho Comptroller to
speedily some day nearer tho dato Of tho call. As
tho purpose Of tho statements Of tho banks is to
Rivo the public some idoa Of thoir condition near
tho time Of tho publication OF the etatomOnts,
Tho object Of specifying dry more than
Cnh , back Is not e.{paI%Snt II IS Roa e.
preSent nny osloulation tho part Of the ban1ta
upon tho date Of future callH Tho condition OF
the banks not only in this city, but In oil PLACES
In tho United Btatas, was 'vory different On ApT1l
Is from what It snoW IN ohoaso ma ~ teu snv
than now, and tho caah On hand was ALSO maoh A
emnllsr. Had Tho Comptroller made cati for
two. statements, ono on the 18th Of April nna one
on tho 26th Of May, it would unaonbte,u'lly nave
shown great Improvement IN LILO oono1'lon oA
tho banks during tho month.
ynApEs-uNions AND SAVINGS DEro81Ts.,
In one Of the recent tates,union assemones asae
IN Eastern city, the principle W. annonnee1
by the meeting. that tic way to bring capltaints
to terms and make them pay higher wages w.
to eight capital with capital" me Rso-
posed method Of doing this was 32r tne " steu1 t
manufactures Of their own. Or this tho por- ps
sinont comment was made, that tho fact TINT tne ~,
spsraSos sat sa money IN e,daaoo te tSt he
rate Of wagea they had received had not been
nnremunorstiyo The deduction, therefore, Is
that tho discomfort among the operatives s was
rather the result Of tholf accumulation o. m9l{ 9
and the consequent Increased ambition ~ to ,ao 10
hotter, than hny xoaut Of growing poorer, ns naa
always been tho plea Of strikers for higher wages
Ihe ambition to do better, to aocumutnte nolo :,
money, and thus finally become naepenosna1 sa a..
anything to be condemned 1t Is natural ambi-
ton but the contest which tho trades-union mon
insist ia hoing waged between "labor ana on.
ssyas aq sfa5P P'Tbhspsm b. IL 0f to se bs c.pas
In this connection, however, tho pmladepna
Ledger hrguea that it ia mistake to suppose
that an increase Of savings deposits Is an oV1'
lhat "money on deposit in sayings banks pro
duceB the SMALLEST returns Of almost au invest.
mdhts INTACT, savings banks orc uBed moro 1of
safe keeping Of the principal than for profit o.
Try is most aotiye, and enterprise and industry
most productive, tho amounts comparatively