, 1875-06-02
MONEY AND COMM ERCE


nasInep&, in fpa Of The showers, was decidedly moro
active at the tanta ycAc,ay, though It vas nnsiccd
II! tho NAY af largo loans than II, any general de-
nand for money. In tls regard there In scar oily ay
Rrrreetaho change 10 c noticed. One bank President
casually stated that lr hal taken y5prr on warehouse
re- rlA. far wheat III store for s4so0oo, and another
lors sAH,fn Hone Of these IN 10 days. showing
that de- lcrs have con1dcncn In the market tor Jny.
15.uk balances were large, hut promptly mot. Tie
Clearing tnuse reported them nt *sa00M. OF canr.a
t*1rcsa lively among cashiers md bank clerks.
the bank got credit OF $5iU,0 o. wAlie others
wcro ,1cb!t for na.rly much. This oil
nrsnt, Of turse, tho tranAfor Of funds from ono
count u anotLes, ani With to-days 1g amply
tbs reanits of tsantact!ons during tho last month.
Thcse ranrfsis did not appreeiaby 10 aGcst The
condition of tho money matket. II Is s abundant
for all lfgtnlatn business rnrrosef. No Indications
10 de.octed Of my special demand Of any de-
rtdsd appreciation Of vauta IN any direction. bankers
leain Ia louk forward TO dull Euntr, aud u largo
idle surplus fur many wcekn and perhaps months to
cnnr. Asftf ie EaeCs Of discounts to GuttnnleH htc
Re,ds =. 10 per cent. whi,c rah and e4ort time
with approved colfaserals several OF tile lauks glad
10 Hct paper at 6tss Fer cent.
Az might have Lctn expected, tle largo 1afacea 1t
tho ctsrngllunan knocked the exchange market fiat.
We heard IT single sale eary In the nnrning abovo
PAR; but tic sangc for Tho dry par Ia oc per t,1
dtsroun. sTost Of tho sa'es vera p.ohal y made ut
&c. shanl1 rtottucc shipments become lively, theae
figures will lie vcsy likely to 10 ma!ntaneI.
IN tho street there 10 scarcely any resly good paper
nGtrne. Quotations nominal at >te1s cr rt1.t.
Ole OF leading bankers Inns just returned from
lie old country. mud lie reports
EUROPEAN FtNaScfAL Affairs
10 10 very mitch In tho condition ~ In ibis co,i.
try. Noney n abundant and buane.s generally dull.
New entespsIEta are avoided aud capitalists hnd It
very difficult to ind eafe aal satisfactory Investments,
at very low rates Of interest. II usiuets Reier
al!y Ia not profitable manufacturers, merchants, aud
others caunot afford to pay much fnr tue Of
,uo,lry. ueucs, trade there IL comparatively
dull. Tho iron Interest especially Il suffering Severely
England Aaa Lost her est customer, for America docs
not tatc her rails al hut comparatively very little Of
her oilcr iron products TIE failure Of The Aberlaro
Iron Company, with 81, 7;,aN Of liabilities Was un-
nounrc In our !lslatrhca yesterday morning. Other
companies and parties are involved 10 . very
large amount. somo Of our readers doubt
css know Gl1cal 4. Smith, who, With au-
oihcr firm. stated 10 10 !nvored to
the anonn Of 100 sLoo. Mr. Smith Ia brother.In-
law Of tlIo hto j. Edgar Thomson, for many years
rst silent Of tho Pennsylvania hallway Company and
We believe was lis agent In Lonlon. Io las resided
there several years, II most ablo busurss man, and
n very hosifsablo and excellent gentleman. l1c will
svr thr cordial sympathy Of hiA friends In Anlcrcn
with Jst wishts that ho may be alo worry aoon 10 fully
r:iritye Its fortunes. Probably .hcso failures Will Ia
n.I'xel " many other Nrla copueclel will tie tron
int-rrat.