, 1873-08-28
MONEY AND 0ENMERCE
MONET AIRY.

\
y MONETARY.
WEpaeapAy EVENING, Aug. ~.
Thore WAS a considerable fa'lin9 OIL m tho
,ountry jelun,,l for tnrroruy to-day, though tae
.mount bcinp sont out 10 still quito largo. Ino
stock of currency In tlia market is, howo'er. ~
small that 1t Is tho 1ncatH OF Eoop'hg NC" f"'s
exchange depressed to n worry 1oW hBnfo' M"
obl,cos 1ua,,y Of Tho banta to tccp or.nrinN cur
roucv from Now York. Now York exchange was
eelahla to-day at Ii of l Ior co''t u'uco"ht.
IL Ia probable TINT tho iarKo drawing dawn ot
wostern bank balancns lit Now York In tho
cuocking for currency ,s n!facting tho Nav
York money market to nolno oxtont, nsA |
ia tho oauns of tito advance In
ratos Of intorest .horo A. IcnBt IL makes tho
opportuutty for t!aso who want 10 lock npmonoy |
and make high sntus Of tulorcpt there to put
ll,o,r plans Into execution. III this market Tho
suuply Of loa1.ablo fauda ia eMplc yot> Whon
lho country ba,,As draw OF tho banks here for
n,,rro,,cy, tho Chicago bauka draw Oh Now York..
but tho Now York banks AAye ,o otlicr rlnco 20
draw on In Buui movement Of funds. NOW
York ia Tho ultimnto Logging u. =, H foni nt tho
stringent effect of movement VI capital ~ '''
country.
wo learn OH Eoc.l authority thnt ncRot"M,onnn ,n
arc pen;l,ug botwoon tho lllluolH oon'ta' NM sf
road Company Tim ono lnrt, amd t,o G i"r for
English ai 6er,nan capltal'Hta on III to H., lanla
te pSschHse hsyras y te fausuy !aus located south o
t,,o Ohio i hlishihstppi Mnfoan aso oan an0 .crcs
aro. of lard III Qnestion iH npo1t ~ w r-n
and tho price o,eroa IS walld nuI thus amount to
naar1y 81 95o.O0O. What aro tho e1acs plans o.
The proposed pronaaere ID nos kno"n S o da' toT T.
TINT 4 tho p PutSsgei nr inuaamepts ~ @ sA to
nr,,,trranh oolonos from Europe 80 loente
en- en'lsrau, tho oi lands. Tho region in which
n located oannot 9o o pSe sromh ,es Of
Tintcs wheat, corn, fruits, aud Tinoe, ana. IN
tho lnttor particular, would bo an attractive
uuartor to immigrants from South Germany anu
ma5o in tho list faw yenrs by the Railroad Com.
nany to market these lands, compared to what
ia being done by other railroads, to draw imnl-
grants into Dakota, Coorsoo ana nant Mos.on aanis
In Iohaf of thoao far-we8tern lands ie TINT thoy
are nratrio lands and that tho labor Of cloaring
farm il nvoided It y to be tGe11ea, 1 cost ~
thc lauds ofton cauaos tho immigrant to over
iook tho great disadvantage of being so mnoh
fnrthor from market. Tho lands OF southe1n
Illinois arc to arg9 o1toni +, fonna thst tho
ersot.r uns yaluo DOR nero If tho kind q cropa
eeasntnd to lie climate and soi1 would fully conf
penvate for tho labor Of clearing tho land.
DEFAULTS IN BEpTEMpEn INTEREST.
Boston capitalists arc beginning to iook aIIGr a
their 6optombor interest on the various rail-
roaa securities duo on tho 1ss Of ne11 o,s
Fnr@n RSth that H. H. the s'"sep septsmSsr r Il
a good mnry bonis will not be paid; Among M
Tho bonds On which there will be default t Of insr-
est for soptober arc the Atclson @ NooaasHa shnra
oiEhtH l89s Kansas City, st. Joseph i Council
Diuns eighsa 1890, and st, Joseph aud connsll y;
Bluffs tens 1909. Interest duo Sept on eaG tnG
Chicago 4 Michigan Lake Shore oighte Of 1889
viii 1e paid Theso bouds arc first mortgage
on the first part Of the road from New Gnlalo n &c
a.. Josepl. aud Bec,n to have stronger claims io1
payment tau other aecons Wisconsin sano, .;'
ftnilroad coupons become duo Tor tho i1rhs tlule
and will bo paid at tho offices Of tho Chicago
Burlington i Quincy Railroad IN Doston' IN
Holders of Income bonds Of tue Union paelli
Railroad must progent tho original bonds "hot
appying for payment Of tho September coupon
$50 thA. tho yenuineness thereof n'ay ne aotos
mined and decarutl," countcrfeits Of the sam
sens in a nhe ar n Now York
i,crstn!nre. The injunction rlacod upon tho II
terart payments in July sppes to al bonds
Ny csy m ss thor inispsst oe,n bond
receiyci as s'diridonlB' aud still held BY Ii
original parties being on1oned.
a sIaslr1oANr ITEM
II ;1o@ SouSs tsSo * G" Gsest bsitsia and the unte
statcB is tho fact that two lots Of Lake superi y
pig.iro1,, one lot OF 1900 tons, and one OF 3,g
tons have been ordered At nn,a the mako ul sapi
not uuly in American iron trndo that Englar
seems to 10 losing her position she y losiGg =
vol in Europe Recently tie be'glan G4
ss2eo s'4ss ra%ays tas Of end s,'sl in i' rsspoas
lhoro woro humorous bidders from En-
was ps, carried ] OF by tho famous iron 1nanafacts
ing firm St Le CfouZot, France. This ehtan!'s
mont snn able to un,,erbid all tho English mo
ors. who not lung ngo would have found the OF
{tf,,f IN t1aR tbcnHnlpnH
ss ssss assiy 9sa II e.
terno9n II se1 erI.. aesuaasnty psconins easl
az ssas sHs'Rs ~s: sress ess ssa with .ee demand at
Glow 4 ,tsnoH is1 tsaay aosXdalosa for s's
oold Is lowsr openias !: il5,x and closing at /!
s kstsa 6n or r SarTyns 2Ht dep so q
dbvrr,ilnels Qutnt, closing steady.
state bonds soady; Iuunczseea nrmer and n,
Ssasxs, trader tho expectation that the State deps
Stocks generally. opeuc1 quiet, but wore stEon
Mail Union iacitlc, Western Union, wabash, and Z
The movement in tacho Mali WIS causra by tho
day ssreed ea.G ea tle u rsca I sIsl hs .nos,
condition that the latter make over to tho reua
t1 ts 1tcainsrs s VIII tdo rrht to % reieem ts,n in =
paving egal inssrss snd Insurance. T. is ssid
case tho tsr,ns aro aecspied The Directors Of b
conpaae.a nse; aga'a tomorrow, when tho Al,
~ss "" ~ 1 's1et apspea
sold down to 4s.s, and advanced to 4516, c1o'us
sts7':; Western Unten opened \ ss5i. fsA 10 s.
advanced to sok. and coTea 81 oo1:.; Union Pae
Erie orsned Il ts, aiiyancsd aud closed 1t 59E 8
a sl1,sp n osaaa a 81 advanced and closet
SssSsss SssSss: q i, Sss|sss' Ss%
esaPens es"Iens g a:w ils essesasy
hTAIk hOAbhs