, 1873-03-11
MONEY And COMMERCE.
MONETARY,

11"SDAi 4AfASAHH3 AthECu 1us
Money we, evidently custer in the local mnrko
to-day,than at almost any tine last rook, though
shodernh hnd for funds to carry Brnin increaaoa &c
taat that At. the present ratio 1t will soon more
than absorb tho supply,and probably mako money
lighter bofore the coao Of the week.
Now York exchange is growing scarcor, aud
though eome gales Toro mndo, to-day at GOO poi
1000 discount, the most Of tie usttal aollore
wore eaklng par. The upward tendency OF the
price shows that the balanco ia turning In fayo,
OF Now York, md hs tho outflow Of cnrrono,
from hore to tho country has ceased It ia not i'm
probable 1t may soon bogin TO movo to Nov
York.
sAstENpstENr 70 THE BANKRUPT LAW.
On tho 9th tho President nlgncd tho bill for
IN amendment to tho National Bankrupt law,
providing for exemptions, md tho amendment
Ia now n Law, which will mako important dlf-
ferencaa In tle settlement of bankrupt oatatcs.
Tho bankrupt law itso1f providoa for IN oxomp-
tion to tho amount of $500 Tho amendment,
however, not only allows al other exemptions
nnder State lnwH, but allows them against oil
l'cns,' no matter when or how acquired, but
even' allows thom ngainat all tlebts contracted
prior to. tho passage Of tho 1aw, tho doc1s-
Tn1nosa & ,are t'' va 'o1sa ppnted pf TIT M
Of tho exemptions TINT would DO allowed under
the new Inv IN each State. In Illinois tho Btate
by tho Bankrupt law, makeB $4,000. In some
other: States the aggregate exemption amounts
to a5,000, and evon 81 600.
TILE TREASURY ronTroL1o.
Among tho candidates whose cn31na nre being
Is.rongly urged for tho secretaryship Of Tho
Treasury aro GOV. Henry D. Cook ex-GoY.
Jewell, Of Connccticut, md Assistant Secretary
f;ichardson, tho chances OF tho laat mentioned
bong considered the best.
THE &44, 100000 nEsEnrE.
The view takel In Wall street Of tho powor Of
the Secretary Of the Treasury to issue pa ,o0o,-
suo any considerable amount, ramors Of o1pan-
eion und contraction will bo continually etnrtod
by tho bulls and bears to affect tho raoney aud
stock markets., Tho Immense money power now
concontratel in tho hands Of fow individuals
will enable thom temporarily to give tho market
the appearance Of being affected by these rnoyo-
monts, md thus, iu connection with their own
.s assertions that It ID so they will at 1eeat make
accomplishment of their PURPOSES, evon Il they
90 not 80 manage "a to ob1fge tho Treasury to
interyeno, ind So add an; additional impetus to
tho reaction when they SEQ 1T to lock up or sud
denly unlock their millions, Ind arc prepared for
change IN tho market.~> ~ II : t.
; = THE CARPET TRADE. '''
Some wcokB ago wc printed b tabular state
ment OF tho enormous importation OF carpets,
showing that Of: I'll qualities above two-ply wo
imported s. .Q00, 600 yards in 1872. againat only
100000 yards in 1860. When NO consider in tlin
connection also the enormous increase Of thu
hono.menufaoturod article, it suggests tho con-
olusion that tho carpet trade Of to United States
Is betng Immensely oSerdono, which may help to
explain he.report from Philadelphia, today.
that the carpet t1ado ia being vory seriously IL
1oeled.- and-that manufacturers arc unable to
oleot sales or procure advances on New York
consignments, and that many firms contemplate
suspending., ="
fonaEn us1ox PACIFIC INCOME BONDS
gro nov soabunaant TINT it has boon decided
that al Of this class Of bonds must DO sent to tho
ONCE ln BoBton for Identification before tho cou-
pons ril be paid.
49,, ,:.,,. 4 7An1rr INCIDENT.
A, me Working of q protective tariff is aone-
thnsa aoad ke the gyrstions Of Of
morously tetmed by boys sniRgor.chagers.h An
anata1co OF this is givon by tho Now York Jour
MAJ of Commerce. regarding tho experience Of an
importer eof; tcertain English TOYS repre-
aentlng certain British characters as s.Ohavlos''
ana ,'Aedwin' Of tho 'Hoxfords,",. eto.
eenting a London shenyy swol," and oxneotei1
to pay the regular duty on them but tt SO han
penoa Tint tho toy gentlemen had muttun-ohop
W9laHers mado Of wool, and tho Appraiser do
eidea that tho articlos should pay duty of 30
eonts per pound and SO por cont I'D valorom, az
vided, Tor in tho Wool act Of March ., 1867. Tho
1un Of tho statues vanished like nnoM before tho
aaun, in the face Of such enormous duty as thia.
put On appeal to the Secretary OF tho TREASURY
tae decision waa not sustained. Thoy now nav
o. 'e per cont cent ID valorem as toys. Tho Incident
tinunly working injustice, and, like any other
Voation OF ltb literal rules necessary to iustice
.-;' LOCAL sTouK AND BOND MARKET
T.. Mosars. hunt;' Proston& Kean quote as fol-