, 1874-12-19
MONEY AND COMMERCE.


H1N{AlNA&IAIlt
Fn1nAY EVENING, Dec. IS.
The or1nrB for curroncy to-i1ay wero not iehyy.
Thu condition Of tho market rrcclu,leH any hcnyy
shipments Of hogs 10 this point, holders bolng
wpnh Tho offcct ig seen III tito continued Hus-
pension OF the movement Of currency to tho i'll
terror.
Tho low Of currency to tho city is anaall.
Some shirmonta hnvo boon n,ado IN tho laHt two
or tliroe days to Nav York, but tho tide III or
put, IL decidedly alac1,.
Now York exchange was inactive ut 8oGp1bc
premium botweon ban1ss for $1,000. Litt}o cur
,o.'cy hau yot boen Bont to Now York.
Tho eicariugs woro 54,000,000.
Tho dotnand for 1oans Ia light. Grain ana
pork men llavo 10 llse Tor borrowed fnnds at tho
present rntca Of grain and provisions; tho NOR
:Anti1e community got nearly all from collee-
lions that tIloy nocd III addition to tho amounts
borrowed III Novonibcr. OutHido borrowers arc
taro III thcso lloll-Bpccnlatlvo days. NAscB OF
llscouut remain 10 per eont TO regular cMs-
.on,ors ; Independent occasional borrowers cAn
pb.ain concessions. accoring to time and acc,ir-
ity. Street rntes On 8GD18 per cent real'catato
luans arc @010 per cont.
Tho caso Of tho American National Lifo md
Trust Company, Of Now IIavun, under invcsti-
cation us to ts Insolvency, as has boon explained
iii this coluun. has been postponed by tho Con"
nccticut State Court till tho January term.
rho Nevada bullion product laat ycnr. says tho
Atta California; WIS $of eco, ,620; In Tho first nix
months Of tho present yoar, Sl5. .oi3,i9S, anu tho
laAt half of tho ycnr will oxcpest TINT Bum. For
lion product Of Noyaua catlnOt bo estimated
unlor STU, 900, QUO, wlo California will lurn out
its usual quantity. $20.00O00o. There IL tllen
before this community tho positive certainty Of
}tn1 1nht
funds beyond that Of any precedent III this or
II Thc % Centrai isat1rond Of New Jeraoy Inns de-
Glazed quarterly dividend Of ~ por cont, pay
ablo Jan. Is.
meeting Of bontlliolders Of tho City Of
Memphis wNa held il Now York day boforo yoa-
to-day. The debt of tho city was shown by TUG
Mayor, in message OF Nov. rs, to DO ,S99. $50
e47l. .Gd5-making $4,371 ,1G5, from Which was to
bo deducted S2a0, 001 on account OF tito sale OF
city stock, leaving the not dobt 81, 1d1 ,1G5. The
clos!nE paragraph OF tho Mayors message Btated
establishment Of 4 new basis of crcuis, based
upon tho NOW scrieB OF bonds to bo iHsted nph
MI Hunual levy Of como fixed amount for interest
aud uinking fund, with sl1cll guarantees as might
which would be acceptable to tho Taxpayers.
Tho meeting appointed n committee os two to
moot with delegates to DO chosen by tue holders
OF bonds in tho other chief cities OF tho Union:
Tho Buffalo Daily Courier. fl n recent article,
winch evidently REFLECTS tho opinions Of the Hon.
I. :. Spuu!d;ag, author OF tho Lcgal-render act.
attributes tho depreciation Of the legnl-tetders
to tho repeal by Congress Of the right OF holders
to convert them iuto bonds. Tho first logal-
tender notes wcro dated March IT,. 1862, and on
The backs of them were printed ti.eso words !:
"This nQto is lcgal-tcnder for NIL dobts public
and private except duties oil imports nud interest
on tho public debt. and is erchanGeabH for Uhstcd
States per cca bonds. redtenabic at Me pleasure
Of tho United S.t,tes atTer Jce years" This WAS