, 1874-12-09
MONEY AND co 0MMERCE.


- ....
TUESDAY EVENING, Dee. .:
Tho orders Tor eurrcncs to'aa' "ofo oe'o" IN
light figures OF yesterday. eome ol tha oana
received mora currency thah lucy wefa tatct
upon to ao'ld out. Tho movement i'as avido1't'!
faesod ia climax.
Now York exchange was hrfn At par to 25c u'a
uount botwaeu bA'lhs Tor l,ooo. The order!
from couutry banlis 1of fenlsttanees ot Now OIL
exchange East are laige.
The fuatute Of The hnancial situation that OK
cilos must attention is tuo decreased movement
-, or,r,u tn ,, oorr+,, a. ,,.,,. ,,I, tta nm,
~ ~ 'u W. Dsaa' ..t
sequences III the Afnlof price oi exeuapso' ane
tile fHlling III caarngs. Tho latter weio ba'
e9,SOuOU nearly milliof, loss than yeaterdoy,
Tile accrea,e ia attributable to The do.
49,. l., ,.o..I,o.s - a., stool- -voraa
s''o w ~ ops'"t'ona ~ -.
Ihe "orthIoRa atocA F"Snoa !" tneso ~
the hope that tho pnckerH woatd take
good md bad ut the ruling prices
1om,;,a unaora Tia uncertainty ar tho mar;o,
.e"'' ... ,,;,,,,,,. ;,.1,,,o,,t, A.,
tous'u"es' iae@'ta ~" a'''o'"'' ''"'up'"
take tho rish of acking at Ffcaent prlcess-a!' OF
which haa Its effect on the buBincss OF tho banhs:
1uo tompu for Recommendations vas sonac-
,rh,t mora untfya will tho banks tod " than
a,suaa" "n.s I,;,oon.t ,noa ara ~ h,o,, ~ The
sastoua 'u. s,'oa., .A ,a a.st oa.,ss .,,nno,,
panAs e"ra u "aso .ue'u ~ t1os' e"eo' ''o .''ss
there 10 no lack Of funds to entlsfy
i1,sc,u.,1 uro II, uor cent year to REGULAR GUS
.',r,ers c,,,s,,,, ho, ro,..rs oro AHA to onta;r
toa'eFsf ou's'ao po'fo"t's ",o 4o'e w oo'"'u
tue tahas the} neeo IL q fltshs cotceSsloh LUZ
Rhort time on tho beHt security. street rhtos
sro st0ls por ccut !: rsal ESTATE luans nro a4pl0
ncr rant.
u,,'.. ., t.,., ~ 49,. r..., ,.,.
"na1 :" Al'"n "' NV 'nue e''ot
mVoiv!ne about q million COLLARS was
argued i'll the Supreme Court yesterday.
III 1916 Congress by law fixed the value Ut II
fruAcas IL t-tentlH ccnts. lu 1873 law was
PASSED. directing Tic Secretary Of tho Treasury
to usCertaia tito yA!ue u frtnc III pure ulatAl,
4sid u declare lls value ny proclamation, ana
that hel oatsor tliB should 1e regarded VI tho
trio valro. 1t mas ascertasncd thae the coln-
vallu OF Il fsauc was ~ alad 3-toalhs conta, md
Proclamation was accordingly maue. T1iB
chauge very seriously aiectou sne dntsca Oh I'M
as o sa " Iho shsuss s 10 a sS ss has ada
apoat aa,t0o,0up 10 tue customs Ioveuue, mud
tae su|ron'e conrs Is ca.ied ,tt.,, 10 decde
latyr net.
Tho per cont consolidated mortgage bouts
OF tho CAicaGo, Buriiugt.n d Quincy RailrsAd
nro soon to bo pacsa ou Gull at tho Now Ior1
lss inst. naB Sill rs 65s or less sinal..g tund
Of SIT. .7s3. .sss, loaslpg as tho real debt of tie
olty alal ,p45.3o2
Luo tI4LtIlS n3uK VI IA!AtelPMah ~ ~ W
wound up Uy Receiver The Frealdont aays all
cIeu.tors will be paia IN full.
1ho question Of . Dividend by the NoHtcrn
uulon Telegraph Company Las teen referred ny
ths Executive CorLAsst>eo to tho regular halt-
yearly moetlnE OF tho Ioard Of Uileo.ogB tu-
morrow lWcanesdny) with Recommendation fur
uivldeud Of per caut for tha qa4rtnr. Tho
Quarter ls cstlmatcd to yield profit OF s95U,-
bop, whlch WILL leave d surplus u 5,001 uftor
tho Payment OF Il 2 per ceut dividend. Tie
profits arc caloulAtad fur Tia last half Of tue
curIal1t yenr 10 exceed those OF tho sAlua period
TIE REDEMPTION BUREAU.
Comptroller As!ox, III li,s lust report on tho
oaEsto.ns, psoes tile opsiatious Of tie Rsoemp-
t'on Hu1aau III !lshs which il certainly war
rantod by tho facts, howoyer flr 1t may DO apar;
1Fonl tArot4ch or thp EXPECTATIONS tllAt Ate o.l-