, 1875-03-04
MONEY AND COM mERCE


Tbs extraordinary weather intensified tho prevalent
dnlln6ss 10 anoss painful degree. Ths business Of
the day confined Ia tho rnnne transactions that
mnat 60 on Tl,e counter business WAS Rwtrd Rn1,e-
what hy settlement but was ,,ei lcss than the No
preceding days. ~ fllown by the elcnrngs. 1h'so
u, 900, less Than half those Of the day he
fore.
Tho loan market exhibited no change. In addition
to tho board Of Trads mon, WHO Ars borrowing TO
carry stun, there snno miscellaneous applicants
for accommodation. Aas she lumber 'n.nufaoiurtfa
and whaky-dcate!s, but tho aggregate Of their demand
il not groat. Tho mercantile demand Is aomovhss eu-
lAncel 1y The roor collections.
Hates Of discount Al tho hanks arn 891o Per cent.
On tho strcct, there n change 10 report Hates
are from rcr cent ta!l to Is rer cent on time.
Tho rate oi Now York exchange II Htfl( 4uotahs At
so@1sc discount between tanks for sl,ooo With less
offering ant hrn,cs feeling,
FINANCIAL PRosFEcTa.
Abanker Of Boston. in recent communication 10 Tho
F,na,eat ChY.a1irf gives somo taa which hc cal
cuAtea revival Of commercial and financial prnsrrr-
lily. lie shows that Ut n1o since te70 has there
bcon such tcsrcLty Of satisfactory inveaent In Lon
do aud Paris ~ nj present. Thc s4!trrs IN regard
to The capital sought for In tho Ioudun market Garc
foreibe proof OF this:
r,. op;,s. rsgssd ~ va, ess''s, rsg"',xrs rsr
issssosas 20
!s;t..r........ 20,hl2, f8ull l8A........ Tfio,ooo
Tho capital required by English companies In 1874
1as but onealf OF that wanted In 1s3; ths foreign
loans required little than oneenth mitch in
1874 ~ In 1872. Tho situation Of French capital II
shown by the snrcrabundant subscriptions to the
loan offered bv tbs City Of Paris. Fosy times moro
aubscribct than tho city asked. French rentca
higher thnu befora since 1870 Tha Turkish loan Of
Abot Gig 600 offered In 1ondon received Grip
tona to three times that anot,ut. AL thla willis tho
Dauk Of England ratc has been nR low ~ 3,a3H Icr
nNH final t,nta kDnt t1t4a
IN tho preceding ten years.
Tho a3mptoms Of the financial situation In this
country pfont ths san1o way. The Vrico Of Govern.
mcnt bonds IL 1rncr, although larger a,nount than
usIAl haa Lecn thrown Oh tho American market by
European holdcrs City aud cllo,ce corporats Eonla
Arrncr, nn,t evidently fayorte Investment.
The advance in tls price Of Chicago city aud cook
County bontla Is illustration. A. tlu Bano time as
in London tho prizes Of Eank ttIscollnta has tetn un-
usually flexible. Tho nominal rate IL he'll at 10 per
cont, Lt tnoucy haa been loGncl hote low az or
per cent OH call, aud low an or per cent In New
York. 1nans lave been offered real cs15te per
cent lower than what las been tho otadard rate All
u,o Willis Tho country tribntary 10 Chicago. with not
acrioug exception III the eaao Of the gtasshorrcr
Districts has Leon getting good prices for is produce
The wholesale traao Of tia city has bcs continuously
guoI.
All tleae facts thya thu sl1e meaning. They ipd
cato accumulation OF capital that tst seek ontlct
lit must ind iuyeatmentlp Londs. iii manufactures,
real eatatc. The annai increase Of wealth IL. 0roat
britain Ia estimated as $3.50 0o0, 900. Ths French
increment must be large, 10 Judge from, tho easy
payment Of the Indemnify. F'r Germany n,l tho
United 6tasct thero ars no accurate iata The Hon,
D. wells III his report for 1862 "a Special Commits
Atoner of fercnne, eaiatel the aan,IE increase Of
Active capital for reproduction Mt 35tE 600. This
growth economists hold Ia nnct leGs Affected by rau-
tce, tariff. laws. ant wars, IL much less than peole
usually auploae II HoSs On, reSartt'cpa Ct obstscle
YnIfp f5tnr frHfjI AIt1s