, 1874-08-01
MONEY AND COMMERCE,


IHuAf I1fEfINt1t JHlT dls
The corners III corn oats, md lard woro sub
1octs of considerable oSctomont to-tlny in COM
norcial and financial circles. Tho scono III tho
vicinity Of lLo Doard of Trade, for quarter Of
m hour before O'Clock, after which Limo no
July deliveries could bo mnde, waa ono
OF groat uproar. Tho commercial bcar-
ings Of theao corners aro fully givcn
In otir commercial column. Tl,oy haro had
worry lfttIo monetary influence. All the money
NODDED by tho operators iii corn hna been sup
Piled with casc by ono bank tho oats corner
las required no money, for tho ain,plo reason
: TINT thcro aro ito oats in tho narlsot Homo
monoy waa callod for today for tho doalors In
tho lnrt1 corner, but tito amount ia not enough to
maa M !,, moro than ripple in tho placid surface
Tue rato of discount at tho banks is 10 por
cont FOR regular oCstoners, with very liboral
doSiatlonH for other good borrowers. On tito
street money III 8GD18 por cont; real eBtate loanB
aro 0D10 per cent.
Tho approach of settlement day had its ,B,,al
otfeoto the bnpinoAs.of.ths banks, Us was Shown
ny tho cloatinEs:. They were 4a,3do.O00.
NOW York oXchnugo continues custer, md was
$1,000. 'A' A'A
Henry Greenebnum h Co. quote foreign OK
a1 enanye ,9I as follows: raris, 5lsh@5tG]G; frank
Hamburg, 9536@9G31.
THE NEW LOAN.
Tho Now York Uaiiy HYtlctin, while eritltising
SECRETARY nristow for sone of tho imporfectionH
OF his negotiations, considers tic eucceeslul re-
suit NIL evidence Of the rising credit OF tho Coy
efflMent; and aA such 1t fa d very important gain
to tho country III wholo ; for any Improvement
IN the financial standing Of u Government carries
with 1t corresponding elevation Of tho credit of
tho pooplo in their corporate or privnto capncity
. It Ia fortunate thing for our n,lmcrouA corrosa.
tiotH, whose obligations largely hold lp E.ropo
That tho Treasury as demonstrated ita ability to bur.
row at lcr cent for tin purpose Of tuking M n,wo
nm'unt of6 pcr ccut obligations for which tho dow
ermcnt l'arcy received 20 ccnts tho dollar ten or
cloyon ycara ago. 1hia IL achievement Which fcw
remarkable financial resource which it inIi-
cutes caunot fail 10 convoy to tlc worlds |
public moral reiecttng fayoratly }1nou lin !
country in all tts borrowing relations. Un-
olGsedy considering tho lar,s a,u,,nt of catporoio
,naensdmeas vt present III suspension, wa ncod to bo
aos 10 atord tn our numerous foreign creditors sono
huch INSURANCE. NJ this achievement sHgcsts but il
w a7huraco DO needed, 1t is aso giyan In worry sub.
stsni wuy; and VIC laye doubt TINT must Or nlr
how defAultlnR Companice, which have borrDwnj
money oil slich high terms that tho cutera hardly
cola expect very Prompt payment, will ultimately do
aa VOL ny thclr clcunrs tho Government l,aa done
Tho scctsEul marketing of tbs o. 11rcpares lin
OF Which s31O ,00O In authorized, Tluso bonds nrn
payanc after i1ccn years from tic date Of ISSUE md
Oh D account ar9 preferable for lop i,,yrsln,rnta tn
tAe 5, which uro rclceabo nfter tell ycarg An tl,a
S nave virtually realizna premium Of over / pcr
cent. 1t does not Eot nt all improbable that bond
yielding Il per cent less turtst and rnil,;, vo yearg
longer than tho 81 aoul rcaxa 1mr ut uI, early tluv
and tia sccess with which ia present na Rs ,ssssf
Ing that result.