, 1875-06-18
FINANCIAL.

FINANCIAL.
The tendency ot Tho lean market n towards m II
creasing supply Of 9l,n1s, and corresponding eas
and wtatneax In facs. Tho shlppacnts oE rsoduc
which haTe begun, tloush thay do not reach suc,,
volume ~ waa hoped for, relcass The money Which ha
boon In uso here 10 carry thom, and ombaErata 4,
banka with additional surplus. II thero has ecn III
thcr good III tl.o accumulation Of grain k1 Irp visions
hae enabled tic banks 10 hnd employment for con
Siderable portion Of their oanae refourcea In othe
respecs, tle financial situation rctnaiuea unchanged
oeyond slight Increase In counter bualness. Morcan
ttls opcznttona arm restricted, and tnnuufacturtn
ahAEss In tho depression that has CONS pon this ntor
cat everywhere.
Rstca Of discount At the banks aso 8s1o pc. cent
10 good outside borrowJss who lave the fight kind o
securtios coucoss!ons Of several pcr cent sro uadc
Tho humber Of such borrowers II very snali.
." the street, business IL light Rates arc ais ret
rent
New York exchange retnnna steady at 609Goc rre.
MUM between hanks for 81 ono.
Tho movement Of currency 70 the country II not
1ar1e,
Tho elearinHs were S1,0oo,60o.
THE s1Sk1Hn FUND AND rtrE TREASURY.
The current aacal year enls with tho 30!h Of thls
month"; md tia acoonlts of tic United satcs are to
BE- baaneed for that date. They viii not shuw 4
bankrupt dovcrnmcn tin inconsle.ahle Kelley, Of
that there will bc deficiency Of $g00n0o0 or se5,-
ooo,ooo The calculations naade for tho yras by tho
1foaafJ department ~cro that thu custos, tntsrnn
fsyenue, and nisccllsncols rpeeips would yiel tax.
,n8 INTO account TIC oAect Of tho Increased taxes,
aoo.'s fuSonon. THIS wa" to bs expended: fur tho
oraihafy expenses Of tho t}osernnent. con,
AMI for the purchase Of bosls for Tho sinking fun Il,
*l,upto'. Hnt tho receipts havo failed to respond
u all 10 the increase Of tazra The expenditures irIt
1aR those for tho sinking fluid, have kono on. md tho
irso w. 49, ~ ~ .ae ou .nAs ne aovernhon's yearly
M o.ponures a ssn o. Or ess rsi, ' -
not Tho best kind Of suriernc but tbe treasury baa
,......., @''t' - t'''a Bo'u, 'os 'as'aoco
Ito meet tue 'lsslu on tn rcsources.
THE RITuAT1oH IN CANADA.
Ihs good tilnos which cauala has been enjoying
Hha is rslroad-huildlng md general spccuiutio,1s
hare hseu followed by sometnina which M
pess hou,s ~ % n,va "' .,..u'' suspension OF bn'l-
closing Of Mo Doors Of the jacques % csrtier n,u. a
h.r1s ~ an,s. =. ~. 1or the other
noa.a ...e 10 IN ~. Alemnef f'rm OF Qnehcc-
s,e,Sooo. Tho banks appear, from do rornrta Nv
tefglarh TO 10 pursuing policy that will intensity
mo uistses' They are curtalnR their advances 10
merchants, 1la opposite courao Is a aafs and sure
ahs'ao'o 10 crs'" OF this character. The Dank Of
.nsana Aas learned th!a by FeEous experience, and
The action Of the Canada hanks teems to 10 occastonei
mol caused. by the isdvined circular Of I'll, Finance
Minister, iuiortnnH ths banka TINT tbs aorsrnmant
VA about 70 withdraw tta depoalta,
EKa1laH TpApE.
1tn Loudon Time Of Juno s, In liz rneo,v..rt,,.
dtaeountenancs* tho hopo that general rxvir,l of
trade Il 1t h.nu. 1t as,e;
The revival 1hovu in our forern eo,o,,.n,.
hs month Ar ss ssn fse "a .asaas snenas anis
the country, AdrIccs hornver frnm IT.
woocn and meta! branches g!ys BY no eans eheer
tai aecoant and u probsbio thst The Uoar ef .a
W trustworthy indication ~ to tho ft'ro cnrs
of cur export trade Or not that the .dy.es m,Ia -
Tho vida rnnpn m II. ,ha"
nrc..nt ~ .s,ss.1 ~ w paeoolasha which ars 1t
~. ,.ta.. ~ ,.U N our aarkets Is shown by
The pressure to sel ca,sss buyers to haya An rd.,
itgo IN rrlcs but thia does moi tsmnt Ir ~ ~ r
crJ The yalca Of tsy s af nroya''. deiv.
sre not ne.sly M 70 Tic rrouetion. Fla e,o
havs aGoeto1 tas operstio,a Of tho larger f.s. they
unHehiahy iutnsncod the dealings OF The mailer
vicrs frn nasrly \. s.e 81 eachanH1 and bad sd
telye9 ta prevent much autornrtsn - nfs" ~
1sgo1yKSr NATIONAL, n.rva ~ nna.,,
Il I. :.1oe. T., -. n..,"1., "AH1a AND RECEIVERS.
attention has beeu caIs.l hv Tmr srn,s, sa'1u
voluntary liqulslon under tha administrator Of TIM
vso.. tn waa have " eauoea them to bankruptcy
thosa NJ .,s "s.su ~ pu' - ~ Md's' arc not QUO with
turcys1 National .n,1 IL. ra.,t .s ~ H.aau'Ae-
rayo n.n,v ~ ees'na Fatlohal OF thla city
o.op undergo in .ueh qulation. Ths ,Sau aaoas
Board of Trade has bpioro It for ,nu,.,on tba s,,n,
tnR With r,par1 IN ~ .n,ana,.1... tos touow.
naatinr Inv 70 cover .u.b csso.. 70 ue National
Re.e'u<st Tha. cougrsas be su,uort,,lzes h
4Epend fhn u W NJ |