, 1875-09-17
@odsrate Activity Among tito Banks
Loanable Surplus In.
creasing.
Now York Exchange Firmcr..-
Orders for Currency
Not Heavy.
Tbs Produce Markets Active and Irregu-
lnr...UreaIsilfTs Weak.
Pork Sent from Bufnlo to Chicago
to Fill Short Sales.
FINANCIAL,

tehd thelt discount hnea very largely by relaxing 4
strnsenoy about securities. but this Ia out Of the uc
sfon. Thura IL largo nn.nhar OF ftnpecnous trIJe
aid sPccufatera who would l,o very glad 10 borrow
III" banks, but their prospcca mover poOtcs ,,s
now. Bankors prefer 10 tho s!do III sa{ft
TAerH arc, doubt, many legitimate cnts,nrt.
ani many openings for money S-tuakiug that rpna
Aniinproset On account Of tie extra conservatism
lenders. II il inesltablo result OF this po-r In
largo aud increasing surplus should TO rre,tld H.
commercial huainoas Ut no country IN sullirrnt 10 n,
eorb tn loanabla capital. Trade In Chir.1, has re
.A'HtJ bcen good this yosr nnI lAe., nI
,A4AhE @ha money-!enAinR have been dli
ap'les't,fie PAPER " e1sr7ly takrn for 'lis
nnt p''s .ncto ID not dn'tEa +" t" round. II frad
'e "foHeht up again to ts ahta-laufc Suuinc aEl
~ ho' very n'1h below that In Chicago to-aay, tia
''ae "o'''o NOT f'sore I'M hnancial arElsy. Ihert
.."s' o' "aes fecaleratl"h. Tho unnatural "o'
'nsose .. e"1Hsal from every toE'" ef stntuse ant
~" ue's'opneht o. industry must 4'Fs WY 10
"nlsn h's''leta aA' Set increases
A''es" can phlS no flt iIce 1tont tAe Interference
"sress snf' u she iti'al'''Ase' tn'a frsa!t Will
o,"" " 'ssen- Luz assH'a.'ns Capital ln+t II no"
.,s .p' W ~ -a"A' "u.' tta''te "s's" "l seu'
., 'o us" sai'H' ~ c2nnos AZ nhu eihfloSnrnt IN
s 1of h7s'nan'H' aH4 II "1'' 'rh'l l'sc'i
..a'' "Ae' "Er' e!H1"y "siHma'e aa''
Anote' ,u ~ VI" h''so .l's'a's at Afrs; bat
n,. ~, n'''u @ eoAA "''1 tacl t1p<'-
MI, III '''a''s 'h's "an'tusal atstihence
x-,r15 ..,.;,r ~. -. w.. ', n'o'' "s"an'
.,n.,r, ,t H.. ~ ,t % ,, -. " '-'o Nu'. ~" ~
t.,,.:. " .,. 40 ,a'' - :, '' iao Ao" so"'s'fe-
49,. ~ ,,. ' '" N'it'"4 ' ".s""!c' W 4"h'uoa
r,,stn,ners 1a,on.,,a ~ iE1 ,,. ~ 10 1esu4r
un,u ,o,,'s "'' s "sa. 10 aLsoso ohns
.,. "'' W Ho'a oa'slt'o poffo*ors It
..rn' r. . .,.,-,,.,,.-, -.
80, ,,i. r,. ~ 7....s'' a i'''A'tio Jus VI uhehan8-
uV'e. aa'e' aFe "!hlo per cent.
'1.nanse ~ qHoted nj 5Jc prsmiun be-
,r,,n,r,, e e...s.
,..,...ss. ".te e" +',sS"'""' ....
nu''"Laa isot hLES IN NEW YORK.
a' '""e'.teno''e uouHa IN HsE iosk WAS wlde-
, -. ~. ~ ,s ".oAu1s ~ nave 'a'cl. Tut wis de-
at.s., W. "h.en II a'a bt"tnesa to 'p
.ol'.. Aao ceeoltoss u tue MIN 10 not share the
- n1u'us :" 'a''r statements In the
A.'A tapes'' ihc name of tlio honac was nv;
h'eu pu' ,hey arc ono OF tho aarsest rngatrelnllR
N 'e Guy. their h'sstntHs s9greystIng be-
tasea a.'ooa'o aud s3u0tu0 per Annu, and covcr-
TLc extent Il, wlrt, .I,Iro. Jsae W ""s"s'
inc lii Hsv val .,,nt ..s A''' a4O '4feah''-
f4nk. anl ,u,si,",s 49, ~"| ~. ~, eI'n"'hg OF
sng. Tlltra h7s been TN Informal measiur n, Tho
Governing poara Of tho New York s,ocf r1r,ngs II,
49, - ,,ss ~. I'".aine 'he an'hors and eiEss-
,. ,or. % st .nssn s,sre law "ss passed by tho Now
reads a. follows: Eysry .rrson ,zhn ,h.,1
r1rc,a,e fa,s. t,,o,i,sn.a .., NV elHa 3uo~'usy
LtsuA'e 4H'se nel'eehee "1th tho Intent nf aerre-
clanB Or advancing the market rriro Ut tho public
fluids Of The United States o. of sy st,,, or r., r,,,
lhersot or Of any foreign country nr Government ar
,nn stocks" eeas or s'it'neos " de' of any corpora
t,oa or association OF ne market pEee Of my MR.
guilty Of madc,uoanor nn uhst' ta n',sn. assnso
conviction thereof Nv Inn ,os a ~ psnea 'on
imprisonment for Period mol esces<ug three ysasg
Or either.
.,,n. ~ .s " 'stNe s'1u'r'1uonsofH stofa At
four afs..cnss nsas ny s.ess among others,
thc ltuest Ut y, m snsn "eio .Ahs* u
,u,. wn,ana =. n..,, " '.sel' eauius husirn9
49, nNA.! uu.on' sAo "sr" rubucly indorsed
~ 80 t''ens VI ena ''oht Hoom at ihr closu "
oahlhess mn 'ae fourth was foselgn banking arm,
WHOSE hs OF exchange sell weIl aud Aaye dune 70 for
the s.nc,, mi o,S .,.".,,n,a. s.e "'at 'ossn W
trhc Say, yn.t I..t, s.ms ,. ~ astes. tne snarke
change to punia, tho siscl,,tf-makerx. II a,y..
The public probably uov haye Tho wo,,t ,,,..n,.
opinion In rrgasl to ho conIon y, u,anx lr..
business They do tut ucod pl.. rsn,uia, 'hs - t ~
nrc millions 6f worthless rxuritjss lid h"rn nn
,hroughuus he country: thai has ieen srp.rsna an ~
tie aa: three yeAfe: nor of liz co,ssa 80 ~ S
We must a.o 1uure liquidation ,nfnre tha .larS ~ 'as
the iumors which arrna tro,n II ~ !. H.. =. Me, ~
aasse. houses viii aro Tly so,,u, geaersIy uts.
tar stssit p!"w 1ecuve1v f1an t aar 70 70
Fton Of the gsp1t ianic OF lhi - na,. wh., ;, a
rae eroaktFs threw their tueuce il. f.yor of .
Kill tc failures ntt objRntious tmi1rc ,iss ~
present stats Il ,ra.I" nnr caused eys,, rn,"n,' %
khs rresen, condition It a!airs aooa ia.r sa}, y =
tuing and i " mo!, .'ey -oatals Va hoTt Iaeeo
drops, md beetcr tRaskrt, than ,y,1nf for ,h..'
1a.itis. sEe ams III fa iii ha etsotiai elsnes
which eau To successfully stack,x, srd ina ~ @ pl
4tEcn i ~ iss.ilu at persistent crnaktns NM nm.
community l'..eang It's .n iSrcot,,us T
th"sr who. 3ntKnK TUG wlolo country by thcu,s1lys,
. TUE Tue REDEMPTION AGENCY.
a,..a'. ~" ~, Has saat ssta the following estor To
o4,1 "lloAi.u. ~" io,k h4nkeF III answer to son.o
complaints from tue latter:
TnEAsuur or TIE uH,rxp sr4rs.. S.,u,,,
HxpEMfTioa Aasscx, war,sa,us. d = ~ pask
u Which yoa e.ce1an u tle r!. ,as ,,s .5s 5e' +
catY or from u,,y othrr rI,isc n, .eihh ~ o. l'ahun-
p!o,ea Of tho pepur neut = to s.ls. x.d ~ s e
tho asscssnlen ma, uI1n NaiinaaI Y MYp! r. saaen I"
,pplets Of tho edenrtiol AVe,,, fot .h ~ tho
year Layo tbis auswcr 10 akc " 'os sass hsca
nals was for hs oxrsoa Of ta axsnrx g sss*',h r.. ~
period eudtnR Juno 3u lsi6 4 1erimI nn.,, tps tAo
cntertua INN thc 1t,tin. ~ ae'e!los to tuy