, 1875-06-12
MONEY AND COMMERCE.
FINANCIAL.

FINANCIAL.
Te uettsity in tho loan market ns bern Krafnst1y
lcasehtn9 since tho frat of The month"; aild 1t ia es-
tcnt That the ei1n!tcr quiet III fairly inhnHurhtel
Tho crarint;s ri tho banks remain ut higher l1uro
Than ,,stla In F,c limos Of nncts. This Ii nH1t'-
tJhtp 10 the prcra0Ca In casli EfAut largo emonttg
Of which hare ihtc'y changed hands. Tho &sGrrsnce
between tho prIco OF cAs property anI that for fiji
turc ldyrEy has not been largo cuouGh 10 lcayo my
rrot in carrying, and rartics who bought towards tho
tnd Of last niontlt, wcn thrrc profitable differ
r'scc are now unloading Merchants report TINT col
lcctnns arp not 10 hc complained Of hut extra dill
gcHcc III making them ii excrtcL. Tho requirements
oi trale for lnans light, and tho miscellaneous d.
mani Ii Indifferent
a.cs Of discount nt tho hanks aro unchanged. To
regular customers Hal0 per cont Is carecd. nl goA
ontetc parties aro accommodated With concessions Oh
these ra:cs.
O. the rrect, t1sness Is becoming qaiotar. Ratca
nrc EdG1A per cent. q
New rorx excnauz, remains firm aud scarce n sbr
rtn, r.&rR,
There IL constant lnw Of turroncy eastward In lieu
1t rrsects, hut 40 movement In other directions.
Tho cicarings were s1,6t o.ooo.-
TRADE IN sEw Soax.
The New Torl: .foHr,l! ~ Commerce ID ia Ws.tnea
day ir.c giyea tAis bllccinct Of the sato Of
tralc iii New Ynfr:
dsusr,l tra,ta IA quiet. In gra.r there hare bten
arc working tpa little. n fur tle shipments have
lrn large, anu chiefly to tic West lnl:rs induced l.,
nil rrra havc been steadily yielng. In rn.tas tho
ctrf iraslc Ia moderate, order. not trsnH urgent and
srs x aeina. u es aisp fresn tie s
mil California a. sn.hned 1rces. slcarlhg has COM
at .s ts Wss snl sos rsr.e. .ys ,ss e.!
Eroct ;s.e as hoei ~ttont cHie,al lfo during ts
.rIas sre . general eont o. a srass
.tctestcl an.! rccs t!osl, btinw tLe esat Of l
rtf,ann fur foreign go1', while manufacturing is ut
TIE TRADE or EArriNo1E.
soue ManreN havo heea rsttsl.sd raspor!ing 10
Eaw that thu trails of uatnloro haA decreased during
tlr last yeart nud Intended to convey tho impression
Thai TIA. city has bcn Injured by tho extension Of The
baltimore Ohio 1ailros, and tho subee'lacht clDRa
competition with tho Irar.ylvantn anti New York
reads. Tie AJurla crrsct, hut for MI that thc7
were uade 10 ltc. Tho export Trade Of tho whcla
country IeeftaEc4l very greatly III 1h7i, md tho
shr!nkaGo tl Eoes on. For instance. tho recently
published abtract Of tio Chief of tho bureau Of sa
tsI!ra Of foreign trade for Arr shows toth tho i'm.
Iorta and oxurta 10 DO less III ISIS than IN 1914
1917. Tho comparison, extended to ten~munth re-
rlnls IN rarh year, ending with April, shows The
rearlt. Tllr atntenoat with rrgard to Baltimore
trade Of which areak, suprrasaes s fact. and ut
tr,nlIs ia aso peopie believe That the loss III trade ia
peculiar to lilti.aore. The truth Is that Baltimore
Las t'Ic better than oihcr rors.-Scw York, for
nn'c, ~ tho following comparative exports os wheat
and cJrtl 8how:
j'pr rent
rzo;, Nv. ycrt II, r. ,i, y ,c ,,1;e 1';5 ate'f4;; 4;
Fam i!4't:tnfc, hr.... i:I?l,tt1 attjJ,Gr3 II
.taconlia1,I with Kew Ypsk. n.ltimors Ian maao
Esja. lstry lnro%d of this kind nsalo upon se
rtT'y Of Gow forE-cnmme1rial supremacy they call
itta to tho cnedt Of tho Great Wcx. and 10 tho ad-
vansai;o of tho laltl,nors l. Oaso Railroad, which
ln 10 nj tie lEstrutacut Of dalivcrantn from ths
nnioy ii sau fa!!roada.
THE nA1LEoAD WAR.
II there wcrn aEy flout lat the competition oS tho
Dalnrs Ohio Railroad with lin atacr great trunk.
laea l., Tho saloasa l.. netting on their ruIsiea FRO
,urn,s very much 1o slrespr'a scalpe tue svco,t
ro:a:cts Of tue New York ra,ers would ltysrato II,
T,,ry MAINTAIN guerrilla rp Of styetro comment
4n,l n!srsrrescnt,t,ou mingled vitritcors urpcals
10 tho stockhu:dcr1 to mike Mr. Garrett "ict mn
Thu New tu,k Times. t4o Etrr.,s, TIN Ssw rork
Tribune tile ou,,eil Of Commerce aud ot],crs ,,.yc
u,ri IN ,tngursuht misstatcmcntn st,nnt thc Nn.u-
csal condition of t!o usuo.e + Ohio 1.a;l.oai Quo
Of c asserted that several millions Of t.ennnos bad
Lucu offered In Wall etrcet iasY Ecek md another th,t
ou b,o, ol half mtNou dolla.s latl loon uusucceas-
fu)ly rrtxcptrtl sur ealc THIS Htury .toyea 10
l.vn been wit1uu. my f.u.hold in fact, Mr..
f,arret has .nl,t lilo butlic thronrh thn
ru,7.rapcts, and rcrcatod 1t lay beforo ycs-
terilay !p III, monthly report 10 hin Directors.
tba uoo Of tt,cse .tn ato true aud that hls road IL
nctusy lcn,lur and nut borrowes, Tl,rsc ni.4ta..
c,ts .yera accompanied fy tho upgricft niss on to
Cultural 1agcs THO lhtV Hrlt<t,M Of tho ot! Inst,
TT Sd 'tsti. asl.cle gocs beyond them ill., anu s.a-
n,ss NJ. liarrrt from h!s company to mako lu III.
object uf tho b!lstest pe1to,,al abuse President G-
rr;t Il gays. ss sch ,agsou fur powor that ho Ia
regarllcs WIN may suffer from H." Iie is ukenoA to
ran n,ut:t.ous pa sionate rvek1sss nouarol.s lie
has "sacrineed ali hts reputation for being d cool.
l,cadea railroad u.ana.ern llo IL ~ for luputto
e.ylan,." and. finally. " !" n nnnustsoua foal,n
This ts sud stAo Of nYstra but what is TIM csto Of
The Intense Interest Of New York in road th.t ,,oc.
NOT run to New York end ri, i.uIanncant .monnt NJ
wi,cse stock Is lc,5 In Ntw rort = r.an.
not i.s railroad tuga co,npeto with n
road nnuaecd by Hmonstroua fan. = ,rd ,,cn
mt fer 1uta,c asyi, y Tho fact H. that lin ros,1 of
which Mr. finrr,,t il tho chozen mn, tr,,otn ,,Ixo
4. IL, ,nnst ,cti,c crt.,iont ~ m. n,ts tss.,.
that are cutting into. Ars tho uconncrriai .un,nn.
cy,' Of Eow Yort snd seconJ. In mo,cttre, mi m,
$3.50 Wa