, 1875-12-04
The Bank Clenrings Heavy, hut
the Loan Market Quict.
Now York Exchange in Active Demand
..6mall Supply Of Commercial
Paper.
Tau,e Produce Neutrality-suspicious.
Steady...WElcat aud Barley
Weak.
FINANCIAL.


special scvtty. rhc discount buaness of the banfa
IA lisht Our loading 'rrattllo honsch nfe mailing
a]u o. no t1pcr. Tho packers will Eoou bo in tilo
market torroVrrs hut rs set thr paper In Fearrs
Thare IL demand from manufacturers for sc',2-
n,,.stloa Of tho bnnks au moderate tn'cellaneoHa
liae OF applications. IA natural result nf thc re-
atrcteh operations Of borrowers, tho auEpius fn+ ."
4hs banks are increasing, AMI rstts to oHtI lie borrow
eat!cr Tho feeling IN hnan sl tir!es e"nt!nnH
enc Of growing ease and alrcn1th.
.ates Of Escount nt TIM banks are elo per cent 10
regular customera. TO independent good borrowers
concessions n,ado OH tlIcss rscs.
On tic street there ia lte dining, Rates are Gal6
par cent. .
Nsw York exchange va. sold besweon hsnks At 500
TIC discount for fl,tg3
Tie demand from The country for currency WAS not
70 large.
The clearinea were ss,fo',o'o.
sLANpEn1Nu suMMAHttr s3rELriIEo.
Tue business OF manipulating noc1s ty s!rtn.atfng
fa1so rumo1s about individuals aud roEr:nle' las
grown to serious tmeut.ons In nearly tscty important
stock market. 4 telegram frcm Berlin ssis how such
mancusro wss treated there:
fsw hkys sgo hnsncial agent circulated frivolous
rulnor. loLb:i.g the sovsary Il D. :a:cl Ir ons Of
the loading baLk M firm. ri t'erin m! stoiu. very
largely eouct rncsl iii sl1fr"'sut ean,acens hevesn
iEg wholly dcvud of foundation. tae l.raon in QHrf-
lion has Ieen ha,,iel 10 tho rulic 1roseetor.
been thas.*e, on 'cnnga bys junicr MN u. lhe
arm i1,ut4c.l by him bud l,la cntranr , C ie! with
dsTwn By lie C,nta lice of tha Corporation. 1,so-
cecdiugs h7,e ir.n as;n,t hin wtl! un
sysnat RtetgarEic n9Hnty salcerattt In tr tnatler
hs o. ,,,!u, ,s t r,nr ~ mf'a ,s r c
Abel. Jr., who knmked town tie rla,.tcrrr on
Chang E.ssrains his lcn"ns'rasl'' conduct a. All
THE ALABAMA I:ErCnATinS.
Ths Commissioners appointed 10 atijust and l!1ui.
date The debt Of the S.ata ct A1atns hare adolcl
p,ap. which they have submitted ly ers.1r TO tie
creditors of tho 6tato. inviting early rcsonse Tho
proposition Is tho lsaue OF now thirty years. cur-
Ysncy bond, principal nu,l interest payable in Now
York. ~ foll1wa For the first five ycafa nt the
rate Of Per ccnt per nnnun, for the succeeding
evs yearo at the ratio Of er rent Ahnn, for the
nort succeeding ten years Mt tho rate Of pr cent
Ear anuuu, and for ihs remaining ten years at the
ssts Of per cant per auuuus thu iiew to Is to be
shsnaed for tho old bonds at she!r f4ce all last due
foupouR aud such will mntur0 Erecrt the Ia.
II July, 1875, to be surrcncre! with tie !r1nI 10
which they belong, without Icing co1r1!cl part
IT tbs Amount to be exchanged fur new btnds. All
eoupona must he tGr1on1red.
THE LOUISIANA nErCDIATlo1.
The act by which the itsucs Of LonIeianh
bonds wero consolidated. and partly rcrnd'at'd, docs
not seen to mta: with n approval Of tho sntu.anal
buslners Of that Slate Mr. J. Il. 14.Ge, pro,n-
lnent merchant Of New oro ms nominated 1scsi-
dent Of tue New Osclus Cotton EschsnEe, has written
lleter declining 10 rum hr yrot,p thai aH rrestcat
Of the Exchange ho would be OF 0Io.o 1he;ntrr IT
tho Funding Board. He says further:
think but echo tire sentiment Of ninetceu.twcn-
uethA Of Tie lousst ibte.lleeuco Of ht community
when nay tbat tho nct wat conceyea in fEa..l an
brought forth IN iniquy, Ita real object 10 give
tie sanction Of constitution act 10 vtaltc aIu
bonds Issued without consideration. to fate
them that their identify could be Traced heIr
E!uling obligation ur1n tha Stlto questioned. Fur
3her, III virtually roll1datlnR fuur-srnr of to valid
sId ugueauncd Pledges Of the silau, Tor Will II dol
lar for do:r bat b JaiI na tr Trasury, thu val
Of the spHrioun Golts to lI further ctun c.t.
Tho proy1sinns Of thu ~ prlv!do That MI bnns, whc
funded, shall be drAtroyCd. len-ring tt ltn1niib1 Ia
frnce buck the history OF sJ 1T ihe HOW cuusola to
their corrupt source. Tue amuku wl,ira at t!1 very
hour eurl4 up from tliY fusu.ce Of tho State iuu.o
fed by tho Ganca OF Hix nEuEA Of lnus, watts ufou
the asr doubts roi!ni.p III nf honest olls ,t,uus
fCrldated tn tho exttnt Ut fnarcn'hs ut t.ctT fca
yanc ami Of Illegal b1ltH rr!ruue in tho hAe ratio
~ honest mud bi,ri2 o'l. gHt1uaY NJ the 6.ste.
oCn ExponT TEAn.:.
Experts state that but fnr tho disadvantages Of tho
ta1tG It would ba feas1o 10 export woolen sool OF
American manufacture an 1t has been shown to ,s 10
export cotton goods Ereu ag ust tie tariff ths Man
pfacturors ha.s improved the!r machinery aud
methods that casamcres and wor4od warI-1ools,
nude Of rat-cas4 Aust rllIah WOOL NTH tretoutou.
duty un 1t, ara now soug 1t :! currency. year NJ
two ago the goods cont jl.tI. Ar the New York
Jour1H u CJnfrre eays, Oh etesnpg 10 thcse Il t.,
" "Whrro could We not nul d markus lad We frea
ttxda7*