, 1873-05-08
MONEY AND COMMERCE.
MONETARY.


w-nv,,a.. rvr.,,o v,x7
m "tpHsspnf AT EVENING, s may u
Inc money markets, both East md Wosl' aoen
vol supplied with lonnablo funds. Tn thle
market, no borrower who is entitled to bank nc.
commodot,on mad m vithout ii and onv mr.
VINO can produce good colleterala ean got money
III tho Btreot at 10 pcr cont por annum In Boston
and Now York doposits ut tho banke, show
q largo increase during tho Inst throe vcoka and
-" ~ sD' ."sea o,sS mvnoy 10 uo"n 10 plothora
tates' currency IL muoh moro rapidly circulated
throughout ncarly all parts Of tho Unitod statoa
than It was throo wooks apo whom tho n,onoy
gent Remembering tbis aud contrssnn %uy III ssrtf o
easy condition Of things now with tho condition
lhon, people will regard with q unnjlo the gravity
with which tho lntlnttonists aruuod tRnt th1
toncy." ~ N0 " " NA'''''' "a 'u''
New York exchange was ecarcor to-day with
talea ut 25o to 50o por at 900 discount, 'N'N'
WESTERN COM ron TIE SOUTH.
people Of tho Southern saes have baen s1o
scssed advocates Of freo trade. md yot Il lns a-
ways been The habit OF tle Sonthnrn nowannnora
to urge upon the planters tho nooosaity Of plant-
Ing large area of corn at tho o1penao of '' the
corn-producera of tho Wost, Tho Holy Of this
protcctionist doctrine, which the neoplc Of tho
Bouth hhyo been blindIy practising for 70 many
years, has at length found an aaHailapt in Gov,
TO tho Indianapolis Journal, that the annual de-
Heiency in tho crop of corn in tho South. which
has In past yoafa averaged about 60. .00O. 900
bushels, is rapidly increasing, and that Il
policy trying to BE- % ndeponens or Of tbe Wos5
BY ralsing their own corn at tho expense OF q
large portion Of their product Of obtton they
will have to pny $50, ,000 600 per annum aud up
ward for the privilege. Coy. Smith shows that
bushels Of corn would require tho cultivation Of
100000 acres. Tho satue acreage devoted to
cotton culture would produce 1,25o,000 bales.
Fixing tho prico Of cotton at Is cents per pound
would DO $50 100000 annually. :,
Turning to tho report Of the Bureau Of Agrf-
culture for tho yoar 1871, NO find that tho five
States of Goorgia, Alabama, mississippi, Ten
their bcst land to tho productio on Of corn, and
1alnod on this area al aggregate Of 110560,000
bushels, worth, in those States, an aggregate
Of $ss, 231 500. Had ono-half Of this area
would havc produced at least ,ooo, 900 bales Of
cotton, worth at loast go, 100000. Eyon il q
liberal allowance ia mndc for aomo increase in
the coat OF corn, In consequence Of a smaller !
home supply IN the Boush, tho difference In tho
would be s25 o0od Mako still IN additional
allowance Of S1O,000,000 for tho creator expense
Of cutivating cotton than corn On tho 3,560, 900
screa, and ~ It would leave q not balance Of at
cotton Instead Of corn. % ' Whsn the entire I eaa corn
crop Of the five above mentioned Southorn
ststea is compared With tho 2og 900 600 bushels
mrht to convinca ia noon1o Je ~ thn n,thorr ~
Htntaa Tint nm nadt,nnn, daHo;.ncv - n mn mn
bn.bals AZ corn IN thn Snmt1 nnS r h
from tho enormously y-inoreasinr nToiluctipp of
Iowa I1nois md I3disuo% % SS;tbnnt csus+o ,na w
reat rao in tho nrco r." r.nsat nIs
fnwoyer r. tho Snnti m,rynn itsop .;+t,
ohesp corn from tho Wat lcs II tEo n1nrb;tant M
oharroa IT tha ra;lrosds for u trnnornrt,,,m -
Cor19o nm IN tokon frnn, r.iro - Taoi..;9R3 ~.
steambnat for IL canta nsr husho, rnG nantng
~ ~ Gelsa Per posnoi ana pay tno