, 1875-06-22
The Usual Monday Accumulation
Of Business Mt tho Bunt<s.
Surplus Loanabfe Capital fncreas"
ing, and Rates Weak.
Tho Produce Markets Quiet-A Light
Shipping Movement.
Pork Pirmcr, Wheat Qne-llalf Cent
Higher. Corn and 1.art, Dull,
Oats nnl harley Wenk.
Latest Foreign and Domestic Market Be-
ports-Marine Intelligence
NNANCtAL,

FINANCIAL.
Tho cicarinRs indicated ronchine u1ars shs' shs
yscant avctaga In tho transactlons Of tbs lsnfH yesef
day. Ths receipts and shipments Of cstss hsra been
Increased largely ae owing 10 the das!rs to taxa s
vantage Of tho low rates Of freight. beyond tha and
lilo install accnmnssion At chceka on Monday &hhre
feature In tho bu1ttM at tha hanks ontAlc ol
the rouiao Of tho last few weeks. The mercantile de-
nand has been reduced proporionatcly to The t!int'
mutton Of tre and tha ay lie sad Of the tea1-
tna manufacturing interests. The caution that has
everTvhero been adopted a. tho chief doctrine Of
banking and htlsneas generally acts to restrict Ill COM
.etcsai and industriat operations, and to add u tho
surplus Of oanabs capital. Which ss already no largo
that In pressing aaroualy on the odcstablahel rites
Of interest,
Tates Of discount nt the banks SOLO per cent to
regular cus.omers; 10 the few good ousidc borrow
eru who present themselves With the right Hind Of
security conceas,ons Of Or per cent are readily
granted.
On tile strset tho inquiry for loans Is Light Rates
are "a 10 per cont.
New York exchange waa Inactive u par 10 80 pro-
MUM betwfon banks fnr $l,t00.
The cearinEs were 3t.0N0,0oc.
FINANCES III CANADA.
Tho snapcnsion Of tin jacques Cartier DanS 10
A(outtea last vttk, has created feeling Of nnccr.
tanty IN commercial aud banking circles In Csna'la
that is heightened ty lilo announcement That tho
0ovornmsnt will withdraw its $t,o00o01 OF de-
poatts frarn the other Canadian banks. II requires
this sum for ita expenditures the Paeiao Railroad
anu othcr public workh, to meet maturing bonds md
other exrensea The effect Of tho Withdrawal ns this
ameant nf cara eanuot st Ia ~ ecverey fet by tie
other banks, It muss compel ttem to cnrtatl thetr
ADVANCES to the merchants, aud in tls way preeraio
other failures than thoso already announced.
Thu failure nf tho Jacques Cartier B'nk Ii largely
tho Northern Colonization nllroai. mud for ocz
commercial ob)ecs,-adyancea which may be perfect
ly sounl In tho long run but for which Repayment IN
at th!s nent cut Of ue question. The tauk IL atao
thought by authorities to hasa nail tao high
rates Of lnteresf for deposits. It's condition Ii thus
stated by tho Montreal Star Of tho l6.h inst:
ThN bank waa established .1ous 1857. The carssal
no.ts Ia circnation *33,so. H. Cote, Esq., has tce
troe times tho capital Of Tho bank has leon advanced
eu loans. Qua to ether tauks, $al 'It other l1h-
s: g.. s5ss sf 2r,T., III iS, tsss Il
May, tie time tlla return was made up.
ALABAMA FINANCES.
Tho Stats at Alabama hus been practically inxoIvcnt
far lhrco years. aud has heen nnablc to Pay the
interest on Ia enormous debt Of Snt0o.Vo0. The
Legislature has lsteiy extended the tenure
Of tle Bond Comutsston, which ia snl-
posed 10 10 incubaun8 some rlau for the
relenso OF the htatc from Its pcrilous posittnn.
two war. ,onucr The peone and prrss Of tho Stats
sre HroTInu impstont or tho do.y. and iss creditors
begin to despair Tic Officials who, during si,s fur
ysa.r OF .ecous,.1,ctlon britt up thcso debts wero
enre]ess Or cunn,uo enough to keen yery !u,arrec
record Of Tho obect4 for which thcy were INCURRED
In consequence, even the State Auditor does not
know what the exact figures Of tho indebtedness ase,
hut tho best eHsi1raes place at about s1l 052
The particulars Of which For llroct debt 81 CO.,
tua; contingent rrilrosd dett. $a.sal. .oo; past
s,,I,.,"t =, ~ M Tsn ,f,rt1o,r,rv 4dr+,t,..r
ssluusse"' &I'''o~, ""s N.o"h'A..' .". ~,
N 4 recent hfuc!os May 10 comrafes the
B,ato had. tudcrouJcut Of ils Negroes {{35?77 Q7s
4h - n,ono,t,. ia ,a,,t mas III t,l q IN ,7t
~o..n u 4n ueoI w., ~ 'ou'
rety. Considering the property Of thu Btaa ut prea~
sut IA worth Int st19 COO OGa the prsfe debt in iour.
tann tn,,a =. orsat =. t,,a f,rns, T,,a lJr,yi.x,
nsas ....-...... .,.-
No man IN Alabama rc3ar1a any part Of the railroad
febt honestly lis owi, aii 1t IN Btate jrlo alone
inR 70 pay t. TheY % srs Wiling 10 cosnprolse sna
nay out ~ bes they can, but wttn toy tho tipbt
40 On growing larger SUD araer year by year
%tn Iii s,.nd Ft1 ifnrs snI nbox. III oshr c
sieraions anil sthe uordan kuot viii to cut aud cuI
quickly. 1t Ia veil known that all the iufuenct
II the Adrertser has uniformly becn used sgaiuhi
enuoasion ons. nniGs. % so,ns.a1R e,.' spssus's
hlfF4xtha Will of116 ID olt mO1htatNs nth! sweet
Ole xoud e.Iy nv Il Il wsto oss!bs Thc1 do no.
a4ire to svada any duo responsibility BHt IL II pos
1ible7 Nc cGInol pa3-fhat IL alfn
Py impossible. No eau comrEoinIsr+ however. ALI
llat VI arc qrtte willing mud anxious to do Any
tllnA-1HItARHg bGfDre feFudtatiasi.
onFaoy Hs,pyAni,s
Tle Nav ynrk }A.t|, H.1i+,n haz an nrtIrfc m n,
-. IL.