, 1875-06-08
MONEY AND COMM ERCE
FINANCIAL.

rb.+o II so,.. ,,rr,n,pc lie r,cn,rrs ar tle no,r1
Of Trade t r.rrs rr.yn lii, s amount 10 at The min
tnun, m account Of the small MARGIN between grain
for ca.u AMI fpr future .lcl,ycry Merchants arc cali
Inn ,,,,on .rtr lankA for accommodation. but hills
movement IL largely due Ia thu fact TINT they hare
been dsspro,uttl In th.tr calcu1ntinnA shout tho
tnrfur tradt. Tie amount Of money made In Tho
jollu1 business uf this rtty, however we'll It may
com1,are with that Of moro rcto trado ccttrcs l,an
not teon large, Ncrehapa nn thetr COLLECTIONS slow
IN mauy tsfr,cta au although l,etncss h conduct.
tl an all eIdrs will, tyery r,1rposo 10 rc,renc md
contract operations, 4ho .sslaanco of tln hanks
III mauy cal to4 Ia tui.tranxate. Manufacturers aso
sro tcrs active than Inst rrar. and, ,bous,
they have occasion 10 spply 10 tho banks for
fewer fayors 10 carry on tcir operations ore mt
independent ~ they would 10 II tJ.nts warr kcttcr.
Under fcEh circumstances II cannot he repaired that
there is very largo surplus of iuanable lusdI n the
lands Of tile banks. Tbcso rc.nulcts nre il4en,-
stlres created 1y tra1c, tho slackntss Of
which IL tho cauen of lilo widely -la,ncnt
ed dullncss. There must 10 mich borrowing II
tlItro ID TO 10 much lending, There he lt1e Of
either If business, manufactures, and general encr
IrIts do mol offer liberal returns for ths Investment OF
capital. Tho rrosent trouble fe that thcra Ii little
money IN anything consequently. though tho surplus
hand Ia small. tbo opportunity OF employing II IN
still t,naller. Tlc advantages Of tho s,tsaon arc
with tho borrowrrt. II they ind anything to Int
borrowed money snto that will g!sc them buck profit.
Ita.ca Of discount at tho bauka are unsteady. To
customers who borrow all tho ycar round 10 per csnt
ron bs cAatge bit 10 uthnrs vartons concra.tons are
n,ads per cent ioata freely 1uade, anil lowcr
saca arc accorded tt. call or sdcrt time with approved
colsterala Largo loaus offered on call, Coy.
ernment bonds, at 4 per cent, nnA on gold ut pcr
cent. hus these 1uoatttls are not likely to acc 6is-
nesa In Chicago ~ It is ,!ono ut proscnt.
,no "s'oe. = '"'I a"''unt VI i'l'1 onet'
aas, laNn @f' o97'o lHf cen.' .-.....--.-.
Now York e,el,anso remains .'areo nn'' firm al 'Ss
o nav eo~ shsln ar r.. rs.s sen, ~" son,.v 1u
hanks for cxcAHngo sfs rant!nIons. Currency WIS
aI,!r1o1 East in constt1rr,t,le quantities.
tbs cleur'Ds' seFc st,s1o."o.
ntsIEEea III ENGLAND.
Tho london correspondent of tho f,naneia, chrons-
,.,.t,,rI ,rc,.i,f ,.r. -o.as. ,s' ~ 80
so'ne*eat improved
There are eomo ho arc Of opinion that tho .ralo of .Lo
country will now tu,provc lut return Of activity In.
bean 70 lona rla,e. md In rnany rss,rc.a ,,o arnsr
ss, .t ~ '4HnS 4e"!te'a '"e heAe'a!
ros'hoh o. a1alla lss 90 much ono for anlcly, that
1t Is doubtful II merchants and manufacturers will
t,cv h,vn an lonn mr,rt, Tro ,o.,. f.ns. nn",;'
.'ss na'a ~ 'als P"taueu' AUG aosa from snlth
hoaasa having been compelled to suspend the.s pay
nlcs and tl,is ciscpm.tauec tn~c.hcr with ma ro
,,o,,o,, ,n,,ts,r,cto-r .,..o -, - ~. -"
.-,.''' lt. sa'o VI 'Ae tAsiet1 sEaae' III op-
F'oBS calcuAtea 10 hduce exporters to oterae will
considerable caution. No doubt, when wo have como
to tn OF tho failtros Increased desire Will Ia shown
TO purchase mora freeIy villa at thu xa,e trn, tr.n
Is llscly dcriYc como encouragement from so.ner
tonsiful harvest the prospcct for which ecetns so be
pretty tlIsdnct."
F1yAvcEs m HOLLAND.
1b !ae EHior n II. t%..uy" Tribune,
,ttss a. NAY -1ao money and tsock market,
s n Icws 81 tic srI,rt.o ne1'y ~ w. lone " ahs
tho r1ttora Of important faiures in 1iaIcnn,. II /.
nlao said lat now attack will be made on rhuppatt
a. to next Ieneoptra y plot Of hankers, which can
IL our ISu.aIatrs ls ~.es H. Il v
tue gold sni!dard aud n., iutipg Il vas Sre; osr
.ha: ,ao gola Standard 10 introduced M harmony with
lug nsIi.ani that 9oa money q anl II gulleta le
md "a msscs. ' 'H' w. '1411 6''" e"n' " ~
Tie demand for money IN. hccn HINT ot firm, o< -
or crI,t for ajirt tonu, ThS r,ts. ~ ~ ~, ~
1aiik wrrn rra,tcrns IN Enr,1asr sna,9a " .hc
Hnsa,o", To xr n,, ~ ~ Lusorean seGnF1sies Tue
md sarss ero wsro aroa nas ~, gGnJs
slases The suggestions In Nr Jcwctt.a Tctnr. III.
Erio .1cn,t @ ,. H. I. " LIS ht1te OF tAe
.eut docs harm 10 III Amsr,ca Io scjie. ,,
Londun ana hare nn1 tbn tt ~ u1'1I ~ ~
etts rtnort md iiat ~ tIn Encatr ~ & a "u"
Lean DctArtu,cit 1t InItnn crraf.I n,i,tinu.i Is
trust III tue Union shares there waa good deal Of
M aeeothg TO tie luotatton1 ot New fezk.
rany viii, TN Ean,.s ~ p,s;"a tafoaa Co
dyadyaptugeous for ,ho iaticr. '''0 ~ ~ 'tiS
Tho Amsterdam bot,t4ollers agrcc1 with !he Jnp-