The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1874-06-08

ana June .$S,S6l,vlS $3,ISh97S $1T5.030
tho expenses being for these TWO months 70 ss-10o
per cent Of the earnings.
THE BANK STATEMENT
Of the week, as compared with that OF the week
preceding shows o decrease to the amount Of
$7O1 in the total reserve, and Of $751; in the
excess over the legal rs per cent reserve The de.
In specie was large, amounting to ST. 1856 500
and In deposits to $491. 900. There was also de-
crease In loans OF $685. 900 The total Liabilities are
$25s, 300.
THE FOREIGN MARKET
Advices from LONDON are to the effect that the
tendency OF the stock markets there is uniavor-
able, particularly In the foreign department., where
good many sales were pressed. The heaviest
are said to be the Turkish and Egyptian loans.
Erie was likewise dull, and receded. There ap-
pears to be depression abroad similar to that
which exists In our midst although 1t Is
neither so widespread nor deep seated. The late
London papers contain reports that serious mis-
givings in regard to the harvest on which so much
depends, are prevalent all over Europe. Vines
hops and fruit trees have been all iniuriousy
affected. The hay harvest Is set down as, beyond
oil doubt, short one; the upland meadows having
suffered so much from cold and want OF rain that
the farmers are turning In sheep TO make sure of
what heritage is left. From Turkey, Austria and
ITALY, on the contrary, we hear OF too much water;
mischief.
CREMATION IN FINANCE.
From one OF our foreign exchanges we learn that
there was organized in London on the I4th inst
with o capital OF $4,000 In 81 shares, what is
known as the Cremation ana Urn Society. The
objects IN contemplation are set forth as foows:-
To provide suitable means for the rapid decompo-
siton Of dead human bodies by cremation or burn
ing in place OF producing the same results by the
SLOW process OF burial and Tor that purpose TO pur.
arrangements for carrying out the objects in ex-
listing cemeteries or burial places, or adjacent
snnss an and appances by meana ~ S1Sa .
objects may be carried out with proprlety and de-
corum and with such religious observances as
may be usual and proper. Also to erect and
maintain suitable buildings for the reception and
preservation OF the remains In urns other recep-
tacles either on such land to be so purchased, or
In existing cemeteries or burial places.
CREDIT AND TEMPERATURE.
A curious and not often entertained thought
that has recently found utterance, is that an ex-
animation OF the tables of national debts shows
wonderful variation In the rate OF interest on in.
vestmenIs caused to certain degree by climatic
Influences. This variation ranges through most
delicate Rradations, from the extreme OF credit to
the extreme OF discredit-irom 81 per cent on the
greatest possible certainty OF being paid in
England and Holland to 80 and &C per
cent on the greatest possible certainty OF
not being paid in Greece and Honduras.
There is, In other words, geographical
distribution Of the States OF good and bad credit.
ut is SO uniform and regular that map might be
colored with zones Of the different degrees Of
credit round the centre OF good credit London.
The countries OF low interest all in the North
and Teutonic, as England, Denmark. Holland. Bel
gum, Germany. Sweden and Canada, but with one
great exception to this Northern rule, the English
colonies, which, whether near the North Pole or
Equator, or the antip0des, maintain the credit OF
the mother country. The connection between the
temperate climate and pecuniary thrift, and be-
tween the hot climate and pecuniary recklessness,
ia very clearly demonstrated. The rate OF interest
rises with the thermometer and in the language OF
the author OF the thoughts, "the cautious investor
must beware of the Establishments Of the sunny
south.'