, 1874-12-29
MONEY And COM NJ lERCE,
FINANCIAL.

In t1ieao Inst days of tho yoar tho mercantile
trade OF tho city bBios itHaif with taking stock
antl scttli,,g accounts. Yloro Ia gonornl ccaHA-
ton Of ac.vo buying mud an1llng. III conso-
,}ucnco Of tlsa quiotutlo, thoro la a slackenod
donnssa for oatls. aud tho banks find b,ssnosa
dull. Thoro is moro Of Il tlo,s,and folt from grain
mud provision mon, who arc borrowing to carry
property that will change l,ands with settlement
day, but THIS indicates 10 chango III bnHtllcsH. It
IL merely transfer from ono lland to another.
Rates Of Discount ramaih 10 por colt to regu-
lar customers, with concoBsions 10 good outH'do
borrowers with satisfactory coltatcrals. ssroet
rates nro s@lS pcr ccnt; roal estate lonns aro
@10 per cent.
New York exchange was weaker yesterday,
There wna good demand for It, Largo amounts
are now being sent East for tho settlement Of
interest payments dno IN Now York from Woat-
orn municipal railroad, nl'tl othcr corporations
Oh the first Of tho yoAr. SA!cA woro made ht 70
MG0o premium between banks for s. QUO. Moro
exchange is being Matlo than q week aGo.
Tho orders from tho country for curroncy aro
small. rs aro tho receirts. It III ostlmnted OIL
good data TINT sirco tho lot or Nosonbof,
Iowa, illinois, lntfiana, nnd Wisconsin. III tho
ontiro West probably $50. .ooS, ,9oo have been dis
buraed In Tho sanio period.
This withdrawal Of currency will affect tho
statements OF tho condition If tho National
IauLs towards tho close OF tho year, for which
tho Comptroller Of tlle Currancy is expected to
cali in few tlays. Thoco arc iivo stato1nouts ro-
guirod i'll n ycnr,-tho enletsaar, rot the fiscal
ycar-ana bnt four hayc yot boon callod for.
Tho Ila,tfom Times says tint countorfeiss Of
tho s1onotesof the Faln,cra' and Alanafaetrers
Naliouul bunk, of poughkcopsio, uro circulating
III tho vicinity OF Hartford. -,
Tho Now York Atnc1.- Exchnngo Governing
Committee layo reaolyed that no bonds shall hore-
mfter DO ADMITTED to tho hut untuss engraved by
sua,e responsible bant-noto company.
Tho farmers Of lansing Tompklus County,
N, Y, who yotod bonds In mid of tho unfort.l-
INTO slidland Railroad, voted lest .yoar to re-
t,itifaio tho boads and this ropnuia.lon has boen
roaillrmod by a town, n,oeting recently hell.
Tic Now York journal Of Consn'tyce makes this
tlo subject Of Il leading editorial, III which il
"rcgreta to SEQ TINT tho infamS Of town-bosi
Republication is creeping. Eastward" Several
towns in Weasern Now York GaYe declined TO
lmy tho coupons Of bonds sss1cd By them to tho
IfLl]aut lloll. The only hope OF tho holders
at these bonds, tho Journal t!iinks IL IN tho
United States Courts, which llaye uniformly ro-
icutra tho pleas Of irregulsrity in issue OIL
which municipalities base tlloir rofl,sal to pay.
United Suites Treneurer SpinncY III Ills Inst re-
port calls tho attention Of Congress- 10 ga s9f!ons
isaue Of unauthorized paper-Ho,oY III the south
Tho auma abuse iB nractcod in n some Or TUG
1niuing regions OF tho North. This unauthorized
circulation conalsts Of the notes OF mu'feiim!i-
tics and manufacturing corporations. III ccftaih
localities Mt tho South rar1cnlhfiy ~ eleo8bM
auI A!nbau1a, almost tho entiro circulation COLI
anIs Of snrL issues, tl,at are put out M change
md are wor.Aleas to tho holder. except In tho
piuco Of iss,1o. Tho prosont Law lesying fine
ST 10 ppr cont Oh tho notes ot auy
town, city, or municipal corporation, docs
not roarh tho evil. Tie Gully eircct tual way to
suppress tho nuisance would bo to mako it 1liB-
tlenicanor 10 iss,lo a,ly such pnper. Thoro III To-
gal paper saouey moro tlan onough to supply the
needs OF tho wtoIo country. 10 cxtirpato this
bastard and dangerous currency would croatia a
demand for Bosno Of the treenbaeks tint are now
in cxcess, antl would teu1, noticoably, II not
greatly, to approcinte their yalun:
CM1cAuo ooLD-MANKET.
H. j. Christoph & Co., bankers, rs South
Clark gtrcct, quote gold: ~ o'clock, l1i5sD
1l11s; II o'clock. ll1Sl@l12; u o'clock,
llls4Gill3sy; 3 o'clock, ll119@1114.
noSpH AND GOLD.