, 1874-01-17
MONEY AND COMMERCE.
MONETARY.

FRIDAY EvENfNO, Jan. 10.
Tho local money market continues to work
very close, owing mainly to Tho amount Of capi-
sal being absorbed In carrying gram mud provl-
aionB in store hore. In the country, however,
Tho supply OF money aoems to be ample, md
city merchants arc collecting with good Huccoss.
LII fact tho active movemout OF products from
lho country to this city, and Tho light shipments
fram here East, havo only had tho effoct to tom
porarily trausfor tho money from horo to tho
country, aul great daal Of 1t ID coming back In
the collections Of our merchants, and in sumR
being sont In by country banks to loan in the
opon markot hore. AZ tho shipments Of MI sorta
OF products from points In tho country direct to
tho East are largo, and ns the shipments from
hero also seem to be increasing, tile tondency Of
tue mOnoy market la toward iii oatior condition.
Tho supply Of New York exchange III incroaR.
Ing aud tho Wlco 1eclined to-day to 200 por
$1,000 premium, with but fcw buyers at that.,
Tho country domuud for currency Aas fallen
OF quito largely, aud indicates TINT tho country
has enough TO pay for all tho grain TINT Ia ootl-
lug TO market. aud, possibly, that receipts OF
products ut interior points arc falling oil.
REDEMPTION OF 1tuTiLATED DANK NOTES.
Since tho failure Of the First National uank Of
Washington, D. O., which acted as agent for
great mAny Nationals In a!l parts Of tho country
in getting thor nlntilated currency redeemed,
the Comptroller has received u good many lot
tors from bAiihs III various cities asking to DO
appointed agents for forwarding mutllatod M
tiopnl bank notes for redemption. It ~ beloved
lu Washington that the Comptroller will appoint
ono bank iii each OF, the four cities, Washing
ton, New York, Boston, aud Chicago.
THE ExponT OF ALCOHOL.
Tho New York Journal Of Commerce gives
sonlo facta IL regard to the Increased export OF
alcohol, which arc Of intcrest to diatillors, ard
Indirectly to the whole Went, wlore 30 large
part OF the wealth is In corn.
Thero was no export Of alco,ol1f from The Unit
cd Statos after 1868 till tho low Of 1879 fuel
tinted 1t BY removing obatructtons. Besides tho
fact that the trade IL increasing, the article Inns
improved in price and grown rapidly in favor In
foreign markets.
Exported between Aug. !, 1872, when tie now
law wont into OBJECT. md Jun. !, 1878:
Barreis.
To South America. ...................... 1915
Yonr ending Jan. l, 1874:
10 y, south i Au'erca. .......+-...........24O 24Oo
10 Mediterranean ports. q, ,7G3
~ ~'.''.''-.'..'..'''.......... aov- 2a,soa
Total barrels. 1A,o1o
Valued 600
This docs not include tho whisky aud rum
shipped to Canada mud tho Mediterranean. which
nre, however, very much less iu amount than tho
shipments Of alcohol.
heretofore bouis given for expectation Of nl-
oohol designated tho port Of destination, and in
addition added "or my other port without the
1A14SulGtlou u tla 1HltCu 6sML9b, uuG uuuGr
eolno recent decisions OF tho Internal Rovanuo
Commissioner tho bonds will now be giyou for
distinct port Of destination without qualification.
The effect Of this may bo aeriously felt hero
after, unloaa Congress comes to the aid Of tho
exporters. A purchaser in Now York or Europe
might refuse to tako the goods; tho vessel
might leayo port before tue Hpirits arrive from
the West, or tho vessel might by distress be
forced into d dii1oreut port.
LOCAL BrocK AND DoND MARKET.
MegsrH. praatup. Eanu i Co uuata III followa