The anti-monopolist. [volume] (Saint Paul, Minn.) 1874-1878, 1876-03-09
TIE FINANCIAL SITUATION.

The Chicago Inter-Ocean of the goth
nit, SAYS:
Money continues abundant in this market at
low rates Of interest, and is offered in the open
market at per cent. per annum OH collaterals
for 80 and 90 DAYS But the SIX niiicant remark
made a few days ago by a New York paper, TO
the effect that money was ''too cheap IN that
market ''to indicate n healthy condition OF con-
fdence." is net ,n,pprol r.atel,nywhere in the
United States. In short see i'll Ill the money
market OF this country an Increasing degree
of caution on the par. OF money lenders. Cap
ital Is unuuestionablv demoralized, and those
who have surplus money seem to be afraid to
do anything with it except invest III govern
ment bonds, or something of that sort. But If
the present tendency OF things continues it will
not be long before capital viii find that the ex-
cessive investment in government bonds and
other similar securities has been the greatest
mistake he sudden fall in the prices OF Sc
curtles of all sorts in France this week indi-
Gates what may occur in this country to even
a or, alter extent. One OF the main causes OF
this underlined feeling OF uneasinesS Is W. think
attributable 20 the impression that the coadi
ton OF the banking interest i'll New York and
other Atlantic cities, and also the whole savings
bank interest Of New England, is unsatisfactory.
How much ground there IS for this feeling Is
impossible 10 say.
The mercantile and manufacturing commun-
ltes oi the stern states have become heartsic X
with sshopes Deferred and in this frame OF
mind arr inclined to imagine all sorts OF things;
and vet this thing called commercial conf
dence, which is the handspring OF real activi
~ ana pro>p erity, is only matter OF feeling
after alt, and IN this view of the case the pres
ent unaehned feeling OF uneasiness is not 10 be
diSreeardea. One thing, however seems to b.
generally conceded, viz. That whatever may
b. the experience OF the next nine or ten
months, the western states are in far better con-
di,ion every way than any other part OF the
Union, or, indeed of the world: and as this
becomes moe and more apparent it will in
crease the tendency of eastern capital to CONF
wes, for investment. The hard times will com.
pei large westward emigration next spring
aud capital inevitably follows the movement.
OF population.
WHsAr--Was active and steadier, will
little change from the closing prices of Thurs
dav afternoon. The feeling WAS krm on,
during the greater part Of the session, though
Liverpool was quoted tame and easier, ant
New York was afterwards quoted slower {,
sell, though "no cheaper to buy" But tn
receipts OF the morning were light, and tn
shipments fair, while gold Was quoted up.
The leading idea Of the day seemed to be tina
the arrivals during the remainder Of thi
month will hs small, owing to the condition Q
the country roads, and that therefore fukthe
decline for March is not probable, the shor
sales being Of great volume, Hence the short
were FIRE buyers, the March deal being unusu
ally active, and dividing the days business
nearly hal, and-half, with May. The latte
was in good request throughout, . good man
huyinS orders being illed--some Of them frou
new parties A good deal has been sid abou
receipts Of wheat having been kept back thi
winter by the mild weather, aud leaving NOR
than usual to come in during the spring an
summer summing up Of the arrivals fror
September to FEBRUARY inclusive shows them I
b. only atou; quarter OF million hushel
less than for the same time year previcssSl,
and that difference Is fully made up oy the IN
rraasa Al Milwaukee during the life OF the cor
nar there. II therefore, there should be ~,
thin, like such = shortage in the crops As Is in
dicsiad by The estimates Of the Ayrscultur.