, 1874-01-24
MONEY AND COMMERCE.
MONETARY.

Fn,pAy EVENING, Jan, %.
We md Ut 1nst scmo indication Of an incrona-
Ing supply OF money in the local markat, In tue
fact that the amount sont In by country banRa
Tor Investment III commercial paper and In short
loaue Oh col'aterals 10 iuoroasIng. Wo hear,
also, Of eovoral largo amounts sent hero from
Eastern banks, during tho pnst few days. Tor tho
same purpose. Loans aro now to DO bad'in the
opon marriott, On collaterals, at 10 por cont. and
though great portion OF tho fnnaa Of our local
banks Ia still invested In grain and provislona
held In storo horo, 40 thai the banks cannot OK
pand their loanB much, thore Is evidently An
sasler feeling In tho markot Within tho no1t
tw o weeks tho pork-packers will bo fonlising to
some extent on tho pork and cut moAts they
hold here, and the progreas toward an abnndaae
money market win pi obably continne: inv .nd
New York exchange VIVA Woakef to-uhys huu
was freely offered ut 800 per 81, ,o00 discoant.
THE movement Of currency to tho country
etondtlY dimiuiBhes. and tho amount coming Ill
now balances thB ontgo.
Il ia m ext1emoly unfortunate circumstance IN
our present financial complications that tue a.
tentlon OF the poople has beon oononptrhsoa 10
such an extont upon manipulating tue currency 1'
and fn1l and spring atringeacloa OF tho money
u1arlot. Thoao ogoil]atlonB OF the nlouoy mal-
Eat would occur unaer any syslen' ~ the III
lhey 10 occur 10 otnes ~. ,i,nxhnH aa il
nmo OF paper oul9cncy ~ Nv. o t'..o"oo sn .,attar
!s lere and dnoy "ou occur ,sra.ae n.lo IN nnn1n.
low hoxibio the cu1leno! 10 ,,n,.n,, nnuu,
Tile oaso or strinrency. OF tl!o money
narhet docs not depend on tho suppl,
o. currency, nns mpon 'no ~ IN act,vitv
loanshle capital II? proPorton " snu e,,;,
rot,resents portion Of this loanable capital or
bank credit, and the scarcity or Pletho1a Ct tue
currency 10 onsy "a incIuens oa,,,tai ~ lnsn9bic
abundance q cIoua.g eag.'Ilt H.. W nav ia ta
credit. An seunaane ny money tn tha nsoancnH
cencurrent eeot o. ~ orat ~ thorov i1
Of tlado anu she expanston VI ~
dnced, Or 1t may oo to umoct " n6nnonuou, y,
traae-lor tno i;nlu ~ tha nort ~ nanitai
temporary nnwne,,ess no w ~ tpaIo H ento1nrsoa
ists to embark IN now Iaao ur'o, - 11n ti,s
On the other nana, ssttnsonc1y M 1n,e ~ er,,nn ,no
money marKet at"ayn :, 'Aaes st,ae0 +%e rn,n. u
tho clrcnlattng eaptat y. ,,str;,,,,.o, .y -
t1y tno ioanaolc e.eu r,,raI y unG Gnroancsu IN INV
O to sSnT n u rasina the crpns But in al
money market depends rot On re aunpy gu o.
currency nue On tnp ~ auPy Pp1yynoinea u ho s
ton to tue amount VI uo1nooM!sn M ss ~ 70 pm.
nelongs regsiaiess oi sn .np sorbnso IN
Uongtessuaon Mno laho aao ,o,s "" rn,o ~ ia
the cntronoy queauon arp a'"Ass nvtne ,,t W III
piethosa OF sas.eses , ~ Nam iusn a,,ocm1ct;nn ~
summer ana. ana pa tne rSsr Sss sho,' ear n ,niu
TO which It gives fase. lhey snon pSat T., "tn Tan
thas tho capital nelongs tno1u a1 ts ~.
tue time 5etnR, tnele ~ r. ins'tsJ's H. t;.so
uoInosun o,ra' w IL, ia ,onn,rv hccsuse
money B always scarce ~ Tue c2unty n9Gause al I.
tue farmers have not yos M anu ao1a 'ne.
crops Mnen ahey eeg,n w. w .n'a s1e",s ,a,, w..
ton OF the captal o. 1e Naa ~, th
currency nnt albo the Dam ~. ,,,.., ~ NV
Mest aia mo1eY oacGeS E.otAs s.;.ai ~ ~ ,vS'athar
and teht u sae elles. nut Gap.'a', "r9sny W. a,s4,
represented ln 1he 1otn 81 currency, or " ul,,h
credit, Or OF eommool'lc9, " sno ra.a muuan, aua
1atea pronts ot 1n9na,.y. smosn p'onh - hn'. "as
much paper currency ~ psopofh that ~ 10 ant ~
1aeto 10. =. nunn w apta1 a,ona".a Il oaurot
congress eau. oteato eapsa4' peca'o 1sa 1a.,a ~
gEoase eoou cTops auao ~, ooote ~ro1ts ~,
!suIope4 aHut tuo!etoAe, Ia,not eAS1So t,tso VI