, 1874-11-13
MONEY AND COM MERGE.
FINANCIAL.

The bank cleAringB to-lay wore St,2 ,090, m
tncreaae over sl,ose Of yestcraay. Th!a fguro Is
much lighor than tho average OF tho lass few
woeRs. or OF tia corresponding period Ut pre-
cedIug yaars. Tl,ess clearugs arc the exact meaB-
nse and exprnBsion Of tho improvement in tho
business OF tho city, which III perceived and all
m,ttol on all sldcs. For several weeks tho diff
fercnt branches Of trade, with a temporary
exception iu the case of those dependent on tho
purchase Of wi1lor auppiios Luvo been etoaally
gaming; and tho cold woathor now snpplios tho
impotus noodod by ttoao exceptions.
Tho ot]ors from tho country for cutrcnoy wora
largo agaln to-day. although thu movement of
currency IN TINT direction has uoL vet boen felt
by al! the bnEks In tho same deEsec. Tho large
receipts OF hogs show that the packing season
is fairly bcguu; and so long aa hogs aro to come
IN currency must 20 out.
The general business of Tho banks 10 good;
miscellaneous borrowing is active, mud snillcont
III amount to giyo fair. 1t not full, employment
to tho resources of tho bsnks. lsatoa Of dis
afl the yoar round; other and independent bor-
rowers, with satisfactory collatornls can gut oaus
st concessions OF Z or . por cont from tlto nom
tnal quotation. Street rates aro sGls per cout;
teaI estato loans arc 0@pl0 per cont.
Now York exchange was weak to-day. Tho
nominal prco was bic proninm hetwoen banks
d9r oo9 hut IT. %ss asd to soil at shat sato
the shipments Of provisions East.
THE ayNn1cATE.
Tho Syndicate IL balloyed by tho agents Of our
Government ut Ioudon to have tho boBt Of pros-
rccss for cou,plaliug tue negotiation OF tho
loau in tho time allotted them.
THE PENNSYLVANIA RAILROAD.
The penasyly,an,a , Railroad co.npany VIII pay
semi-at1nual dividend OF per cent ut tic eud
of this month.
wooLES MASuFAcrunEns,
Tho WOODEN manufacturers Of Now England.
ike tho cotton manufacturers. hayo determined
upon 4 worry considerable restriction OF their
production. THO calso Of th,s policy is. Of
tourso. tho unremnnorativo price ut which many
wooen products have been selling during tho
past year. This protectlya movement III rus
lancd by nearly MI tho largest netnhors of tho
National Association Of Woolen Manufacturers,
md will cause u Etoppago Of from Is TO 50 per
rent Of the machinery Among tho effects
aimed at is reduction Of tho priceB OF raw nate-
nal and OF tic rate Of waEcs+
PACIFIC at1SISa COMPANIES
The mining companies Of tho Pacific coast nro
said to haro called OH thoir stockholders this
year for assessments 10 the amount Of 50, 400 000
Their dividends hayo boon 80, 800,0 900, which is
about s., ,Q00. 900 less thar lust year. Tho Gould
Y Curry Alino, which won wolld.wido repnta..
tion by its dvidoucs in 1860 aud 1861, has failed
10 pay Il cent for tue Inst four years. It's total
dividends fur have beeu ST, 500, and it's tota
asarsBmonts 81 ,632. .0u0. IN flalo d NorcroRs,
el,G00000 has been paid in dlvilonda, and now
Tho toriy-fourth assessment brings tho tofal Of
tlle asseas,ncuta up to IL. .450. 900. Tue Savage
Mlno has paid 81. .4Gu, 900 in dlvidonds. and as vot
las only required 81, ,GG4, ,000. but is still calling
Tor moro.
Tie Substitution Of eilycr small coin for tho
fractional paper currency ia again under dis
cuAsoll. Silver coin is worth no moro now in
gold tIian grcoubackB Tho fall OF tho value OF
siyor ia general tho world over, and ia hkely TO
last
WORTHY or IMITATION,
Tho groat strength conferred upon q bank by
tho creation Of IL lurge surplus fluid is illustrated
by q recent incident in tho history
Of tho Beifaat Banking Company. This
bank has been tho victim OF tho
first creat banking trand that las beon
committed in ireland aitlco tho establishment OF
joint-htock bauks huff century ago. Two Of
its most trusted officers lciraudea It Of $100 GOO.
Tie reserve Of tho bank was 30 large that the
Directors we're at once nbo to write OF tho cntirc
loss. They have also decided to increaso tho
pi olt aud loss account to equal s500.0o0, botnE
now oyor S305 600, and TO restolo tho "rest "
fund to its original integrity Of $i,250, 600. To
enablo tho management to effect tins, they de-
zira a.,arnhnI1ars to be contont for some time to
rotse ep.ut diuidontl Of 70 per cent per dnunl,
Previous to tho fraud tho sha1os sold at ECO on
hpar Of E25, lhs is q wonderful bank exhibit
probnbly egnaliug, il 1t does not surpass. that
Of any banking establishment in the world. Not
WithBtnnling tho defacation tho shares continue
10 be quoted ut quadrapls par.
BONDS AND GOLD.
Preston, Kcau L. Co. quote: