, 1875-04-24
MONEY AND COMMERCE
FINANCIAL.

The low Of currency 10 Tho East seems to he mr.
rested. Exchanges on Now York vas offered without
takers yesterday 1t rtr tctwcen banks. heavy
miltances hav, bten se ty tho lankh to their Eass
cr ccsrssrondonts to keep up bslh,ccs that tho nip
nv llrtc hns lceit Fe,iucet very low ai halts.
T.sn tcaas to the o1fceug OF largo amount Of ex.
change ia crder to rerteniqh curroacy tatanecs Tie
marked |. further Weakened y tho Euct thai cat1o aud
provision exchange las been nado iaely III Increasing
quantities. some cargoes grain have also tcen oaled
1,il inahrcd en- Eastern account, and, although they
hars mt yet gofla forward, exchange van le tlraw.l
against them. Whether In fcw days currency will
begin to tl,,w ngatn 10 New York depends ,iro' t'e
opening nj navigation and tho amount Of exchange
rlado by shipment. It IL worth noticing that whne
the exchanges between Chicago aud New York have
bccn roycraed with fair PROSPECT that the nccnHlta.
.on Ct money in Nav York may bo materially Checked
IN advantages tin before alTerfot TO- which
nrc taking money from tlia country to London, nrc
4,iIng In force. StcslIn1 exchange was "a high
m AL yesterday, md gotl LRli III sympathy At
Tits ratio Of exc1augr got he exported at profit
THO decrease In tic f0rcgn demand for our t1pott-
an commodities makes It likely that shall have 10
ectllo our European balances In money. These bal
ances are rcry grratiy Increased br tic unusually
llravy disbursements Of tho Gnilcd States Treasury on
account aE intrrcat Oh bon1s lt1l abroad and Oh
account Of the chilled bonds. Tic smonnt Of gold
+, ut abroad will acpcud upon how nusfi Europe
takes OF American kccur!tles,- ,-loserneht or
EnIoflte. I'm NeH VOTE Papeff n0t6 tAat <I,ruu,-
O01 nf 81. Louis County bonds hare 'pcn sold
within tic past week In london, nhl shcrc arc udc-
tions Of lnrgc renewed icmanl for our railroad &C.
curies. Should this provo to lie tho casc The amount
or god 10 be exported would bc rroportsanatc1y se-
Lnced. This tR Of consequence. not ncccn Of any
o1l.faahiauc. nottonA aboHt tho danger Of exporting
ROLL t.t fJr lis effect sratac Fur instance, tic
cent rise III gold in Now York Inn very perceptib'o
md Injurious effect on California tradc ~ we pointed
out al The time.
There aro 10 now features Of Importance in tic
loan 4rkrl. The lauks have fair nno,ut OF arrl!-
cations inr loans. but. far A they from mer
camille SOURCES, thcy o not nicate that tra'c fa as re-
inuneratiys Is could be wished. kstea BSlo pcr
rent.
TIA tic street, the loan market IL amply supplied
with funds. natea ure 7eels per cent.
Tue clear1ngs wpvo $i,003,0OJ.
THE DASKB or THE ENTIRE.
Tho!ast number Of tho London Eto,ont+t comments
tho organization Of the new National Bank of Ger
many, described few days ago In this column:
In my othrr country EtscA hatk would to the most
tangt nt nil inatltsHns. Tho Government wanl
tc u ual banker anu wold ha null the worse Gov
criIIcIt bCcAae 1t VIA banker. 1t would wasto tho
,rnncy of ts subjects, ard wastc It in ways Which
s:,sl 3n}use HEN, How surl, engine n7aY wosA In
tina. IT @ly trouble forefrc but ut present
will, tho Il nnofs believes. work very we'll for 1t Is
III harmony With tho notions and feelings OF thp OR
t.sIi lcorte Moreover, II will be ruled tya iuuss
caution. uA safe administration which will wasle ami
1lu:hiuR, anh which will keel, imrar,se NUNS
f actal cash LII readiueaa f0r aud SECURITY Acainst
trAal9.
GOVERNMENT BONDS.