QUorArIoNs FOR UNcURRENr MONEY
CrCuTTefu MOnEu. Broken hank M0nea
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Inc absence OF the steamship Cambria creates great
deal OF excitement and anxiety in the markets. and COM
pes operators to suspend until the advices
are received Cotton SPECTATORS are particularly anxious
Tor the arrival Of the steamer We cannot expect much
activity in any branch Of business until later European
advices are received Should the accounts of the Liver
pool cotton market be favorable eur money markets
would be Immediately relieved foreign exchange would
come down the shipments Of specie cease and the banks
open their vaults and discount books which would at
once set the wheels Of trade and speculation going and
every thing would. for the time. appear prosperous
Sterling bills Of exchange, of undoubted standing as to
credit &C. command ten andten and quarter premium
Cotton bills are offered in great abundance but those
mitting ae very shy of them We mentioned few days
snce that shipments Of SPECIE amounting TO 5000 900
had been made by the packet sailing about that time


appears that the specie brokers street received or
ders for that amount at that me but previous to the day
ofthe sailing OF the packet bills of exchange were oh
tanned at suitable rates. &c., large portion of the orders
were and the amount actually shipped
but little over fifty thousand dollars. Operations OF this
nature are frequent between the specie brokers and
the merchants any other parties renting specie The
largest bill drawers in this market have for sometime
past monopolized the business and established whsever
rates they pleased compelling those obliged to remit
ths current prices to the roubleo shipping
specie and have heretofore firmly maintained their rates
until satisfied that orders for the specie have actually
given, when they reduce the premium to point just be-
low specie level and prevent the export the precious
metals These operations cannot continue much longer
there must be some change The immense exports
of Cotton from the southern ports to Europe must be paid
for In way another. If the credit of cotton bills
cannot be raised sufficiently high here to induce
remters to buy them payments for the staple must be
made in specie. and our imports Of the precious
metals would soon exceed our exports. It Ia impos.
sble for any nation to continue in prosperous condition
without realizing on the exports to quidate the udeht
edness created by the imports. We table show.
ing the exports Of Cotton from the United States from the
commencement Of the season up to the latest dates


EXPORT CorroN FROM THE PoRTs OF THE UNITED


STATES, COMMENCING 6EPT. I, 1914.