, 1875-12-02
FINANCE AND TRADE.
Tho 1-sun1 Activity Of Sctilcmcnt-
Day Among tho Banks.
No Change in the Loan Market-New
York Exchange Weaker.
The Produce Markets Qniet-Wl,eat
Steady and Corn Dull.
Lnrger Receipts Of Hogs---Provis-
ions Easier.
FINANCIAL.

FINANCIAL.
The uatal baaHe Of settlement day vas observable
In the business II tho banss. The counter iranaac-
itons were heavy and largo sronut 0! obligations
ware Transferred from ono account Ia another. Tie
real lr msnd for ioans reNaantd unchanged und"r-
nnnh all this activity anil tie general situation re-
mains otto of considerable caAe. A good proportion
pf the accommodations sought hre wanted in the
to1utrJ In the hog snl catto diatrfcs. Tho amount
Of cou,,uereiul raIer IN circulation not large, and
tho oresAti,na Of lcnt'erH arc mainly in n,fsccl-
fAneons paper Of a kinds, Tie quality Of nrft that IA
offered Is goo hut there can hardly 10 said 10 10
enough 10 gss very strong tone to TIC loan market
TLnrS IA M rerceFhlle weakening III rates. aud Tie
Eurpns does not srtcar to te very tEolflchoe lint
Il IL evident sbat oucyed lnstttntops could With
facility advance funa for much iuore active husl-
uess than axis their ad.
Kae7 Of iscoun. nj the at,ka nrs g., 10 per rent TO
regular customers. Independent borrowers obtain
concessions Of u rer cent un these rates.
On The street good paper is IN act!yc request Hntce
arr Ga 1a rer cent.
New York exchange WA wrsker, anil t1i hetTcen
banks nt 7:c discount par si,0no.
Tho country demand for currency uas apparently
D.urc liberal.
The eIeartnga wesa 81. .c05Ml.
THE NEW YoRI stvlNtE rASEs.
There arn 10 tign8 yet at atty tsustGe with the
lnrgtr savings hanks In New York, hut thr smaller
opes are eInmbliug nway. Fiyo If them havo ausfen-
ed, aud tia New York Atrad ct Srr 20 'tate' that
runs wcrc In progress tWo oster",-tho Enrh River
sul Franklin Savings Da.lhs
1LEpUclSa ISTi.lkYc oS DrroaITs.
An ndmlrabln reform n'ler way III threat btialn.
Two leading banGsac cloaarH in feaion have retHcth
tue ratio Of ierest ra!d deposits un actal. one
making tin reduction from to ~ and the oshcr to
a.i rer cent. The example. understand, says The
Ion,lon Yt,rs is iitcty to br followed in day or two
by other hoscA, HIS only ra.se ut delay bring tn CT"
rtstion tia the an;rate may be reduced on Tlnrs-
day. Tlr 1ninl-ltock haEiA lyA also a hefotr them
rronosas to rt.ure their allowances for dcpoefss Of
which moro will probably lie heard should there be no
jlatutd.ata reduction of the bank.rntc.
t14ss FoN TIE REDEMPTION or NATIONAL DAMH
xnTlH.
II GA- E.fitar n T.t E2ie,4o 1rihnnt:
JkAv1SWnRrlt, kaa.. Nov. 2g.-Tho present eTpcn-
ssc and fucunvcni"nt plan of redemption Of the M
inIai cIrcncy tneanluY hy redemption the subettu-
ton of Law bif!a fnr such r. .nuated and worn
outl Ia agaa attracting public uttcnton. aud sug-
Rcstioua of bettor method would tu he IN order.
Tuat tho printing aud Destruction Of the natlonal cur
Fency should lo donu by the Government cannot DO
qucst!nned for 1t III an esNehal part Of tho National
banking RsEtetn that tho Government nhnud reRuRtc
the volume Of The crrebcy and ths amount gr.net.
each banking assoclatiou urou tho banka dssolves
the redemption classification. and return Of tillh
which the public fcJtcts unscryiceahlc In order
un tnn, aecaTate ad ia var tas s. e
public eonve',isnso by ksraa II whp!e "f
frat published III tho i1Hkts .Ndpu:lna Of November.
IA74, Ia onsEcd for publication;
Let Currency CLEARING. House 10 established In the
City Of New York by ald uudeT tue control ard
nnse1aant uf tho associated hsnta at that atty, wuso
business saall Ia to r"cete asso,t mi! deliver for
sll n,tsted an ,lefact Treasury ,ots md Natiun.l
Dauk bills, to obtau hills therefor, aud return
then 70 c,rat'o -, - r'oTs: =, ay n.. y, that
from bhut m New itfk h deliver rtitlcate hf r..
ccsp payable at day sat'eienty loy In tne future to
insure the comple.in Of the service. and charging
ClsarlnY- -liou.a ussort tho National hank h aud
secan,,i.ted to deliver ton to ho Comptroller ot Ito
Currency tor aesruct,en New hl1ls to b. sent by
tAat ofser 10 tho tssaig bank dtrsrt. Thu cuurtro
<rsl 10 the Currency crarng. .to''sr. WHO would at
nnce coses sho ao,n1 9f ~ tat S.S i9r1 soessspo'
The rlsauKes III thu present law Witch tbta plan
would nccessttate ara: ......
-. as r. repeal ~ s ''4 'ls'v" % 'ne A'' u ''a'
!. a Requirement. ,hat eaeh Sntioaal Bank ahonld
designate banking dissertation In tld City Of Now
Tllc ,runriety Of ulsze chapges, think, has been
seisnto ana ] sity .rs t. banker % through
ont the country. II, in uadpn to these rhanvea IT
wss provided ihas 'natated cnrttney eot.l 10 de.
WORK Of conversion wo. be rendered still mora easy
Tue labor and responsibility which tho adoption II
shts l!an ~x,a!d isspssc Oh the !&ns% 9f sAe
City II New York BIO n1 doubt couAhlcra1lr,
baf tbs necessity Of central place Of
ctupson aud tns duty thcy owo mud aro In rttla-
tio,, To ni.Eargo 10 thn !nAtn !ntsrssta a eusren
y Of the rop,tty, aluul, think. induce lae1 10
ssfnnc Thu tusi, THO New York CITY hauks WOULD of
course. rsashrn taus Nataua! nauk casresWtld-
ruts keep With kcto sufficient drpAsik to protect
their circulating lia. j. wouil alao be iucuuben
she e.ss snks ~ kseptas expense y tsas carstHss
rIesrng !l"are az "w as can,pota with tho accsrao
II shc hanks, aud bankers outstde Of tho CITY OF
New YORK thia plan, 1t Is lityc1 lrtscnta tho follow
Ing atrnntn3Gs psrr tno OTTO HOW III operation
i. They would lay reasonable rtiarge fur Tho ser
viccs Ut sfrnt only to tho ekeut they 1T to
ploy That agent,
Z. Thu reHeryss of Tho hlnts uow required tn Ie
kept q. thn pocal rcDtfe 1t tho country, would 10
kept at the cnnlnrrrtui cei,lEr
H. The currency would hp Withdrawn from cIrc1la-
ton no lnvr anu III Hu greater uhlotnt than required
t. cioc. the c,c.44nar. W, +. u.
GOVERNMENT NoSDH.
Hd. Ahsf