Abstract

The Week in Trade and Finance
February 6, 1873 issue

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The article focuses on the U.S. money market during February, 1873. Balances at the close of business were loaded out, one or two days, as low as 4 and 5 per cent, but these rates were entirely exceptional. The tendency of the European money markets, according to recent advices, is in favor of greater ease. Money is easy on the Continent, and there are no indications that any unfavorable turn in will take place in financial affairs. The weekly statement of the New York banks is unfavorable, showing a loss both in spacie and legal tenders, with an increase in liabilities in the shape of deposits.

See Also:

UNITED States -- Economic conditions; MONEY market; BALANCE of trade; BANKS & banking; FOREIGN exchange market; UNITED States
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