, 1875-09-29
The Business Of Tho Ranks Bettcr--Country
Balances Muth Reduced.
Fair Offerings Of Commercial papor.-
Light Domana from the Board
Of Trade for Loans
Tho Produce Markets Unaottlcd--.
Pork and Inrd Lowcr.
Wheat and Corn Strongcr'.'OtEor Bread'
stufIa Steady.
FINANCIAL.

Ahrmer tone eharzcte,izcs tht loan n,artet. Couu-
try baul talsuces hare tcn drawn down farther than
haa tccu realized Tho orders from tho country have
been moderate but Htesdy, and they foot ur hcns5
total Oar Of the largest banks in tho city 8ates that
ia enuu,r1 llns Of cposlsa IL Lighter than it ns been
for tho preceding eighteen months, and with one or
Two exceptions, tho banks with largo lumbar Of
eonniry correspondence nafs similar repert.
Tho domAnd from ths Country for rcdiscoun!s n
ttIl hc4vy. A. have already orphaned. this Waa
not fully appreciated at first. II seemed at TIC outset
to bs due u ths number Of country merchants that
had 10 borrow Of he lanks hut, whtfe resulting par
TALLY from this cauao. 1t Ia In the main dcnand for
tundA 10 enable fArmerb 10 purchase hoSa Rud osloE
h.ock ofatcn. Farmers arc acnapg ~ far Houth as
The Cherokee rtgion for stnck. To Number Of cattle
md hnes prepared for market tits fall Will to larger
tbhn It has been 1eforc and tho trade In prosis
ions Will b. cosreeponduGly unlsnced.
Tho city tln1nanl for loons is active ~ thai
from tho country. Trade 10 excellent, and tho n6raf|
Of Tho mercantile community il evatntiy much better.
Commercial paper IL .nado freely. and fs Of s..
cr.Ah!c quny, but docs not aggregate rary f.fEe
guantity. There in ahout the amount Of manu-
racturng paper o1nr!ng. The Dnarti Of frsdo IL no
borrorer 10 any exeut, af1 miscellaneous Iasr oi
4 negotiable character IL scaEco.
Hates Of discount hardly bo aal to 10 Affected
as yet by tho Improvement In tic l1an mafket
sthough thcre 10 prospect Of snug times ~'shin thc
nott two months. lscgular customers arp aceo1no-
AAGLl ht bl4lu pot cent
ers can Ect accommodation at Gq3s PER ctut.
On the street, hrat1o.s u hgAt 1Ates arc 65t8 pcr
cant.
Now York cxehapge Is wcak at h1c discount bctNean
bankh for sl,NQ.
Tie otars from, tho country fot currency mod
srate.
Tho clcnrtnsz wcre sf.too,ooc.
THE FaosrERsTy OF INITIATION.
A distinguished New iork Bank President who will
bc rccovnixua py Ii, initials j. l.. W., writes lcttoI
10 the Finansez q. the proarertty Of the last decade
vh,cl ths tuoation,ats aro holding up 10 4 popular
bait for moro currency. tc s.se:
III think more attention should he paid to tho frn-
d,Uon.l Of the irsiontss which lies al the ot-
tam Of belr vicious thcnr,rs and absurd arg,,euts
refy. to tbs acrc prosperity Of which they nrp cr.
sau,ly talking and tho oss Of xhjrh hey aro constant
lr roCrc.;uR This Ho-cal|eI rcrty was hot such M
rca1ity IL was nero p.,a,tp, called into c1,stcuco by
tic tis:ahcu mespa that .scro used 10 a4suae the
r,!seyics Of tho nnttou. Unable ~ ,sc crroueuuay
fbou,ht q. +a fins Ia ibn bu,dens or .h War
M - .s,,s ,.., ~ ss.,. ts',.~a 49, ~, .,,,,,..
eo 'nc Huao o0s's u 'psc'o "' A ies'''''
TO an unlimited tssuo Of irss1ssHabo lsres ni'ssE.
Stimulated by Tho redundant food Of thcsn tokeiu-
net OF prosperity buk pf oTs aud dlsnstcr-wc t,artrd
w., nnrao- ~ .ha ,.,,cst cn.c,,t,tio, tn,,,.juo
apou .4'est "a '"o "" 'p .' olH
evont'laily widespread saory ami ruin when tho FL
Eantc bub1c Of b2sclcaa credit could longer bs
nesa 1"s.'asP ,r,.u,,,.,, .,. ., ,o,.n.,.
n'4ua y .'t'' 'Aa'.' .'' '1 ,''1 hs f " 1'
&nfhptelf oA a| hofin oA 4a auu "a ~" "tst.es Fe7
percd, tho real subatsncc Of the people where In
Tho .cs Of The War and tho hardly ezs destructive
tne.t,,.,,on. tt ,o1n. :, ,,,s ,,on, I'm utto,,.
."'An4"oHs ~ !, .'"s ''.'" ~ ~ te.s "'''s ~ "
.na ~sA van s'Ee. AA4 ~ NV mo y. 'un'iie" ~
go 49, ~ ,a,,,ans,sa .,'o,'a,, .,,s ~
.,t,.., -. y .,, -, r,tuLt,,, u,.oa ,.,,r,unr,,
's.,sT '4'' ".a' ~ '"aAs' ~. ~. s
.,s, .,.,aH u,,a,,. .t.,.,t. -. -. .,,. -,
t'oeou' ahu e'o.h ''i"''' 1'4uA ~. W. VIZ !''ua
ourselves BANKRUPT from cue euI OF TIC country 70
the otller-deiaHsiug railrpadH Jefaultlpy bankers
merchants. m.nufueturcrs. mil trnd,r. furnaces
hlwn o,t. mil. stoppcd hntJl,ua .rrastcI. ira,ln
dnt.
"All the foss Of tho national characteristics urged
into iut2nso act.yi,y ty s rrcJouab1c crrcncv cul
hllasea IN tho eoiaEse OF 1"'t' .
:" In tho heyday 0f our oxaltatou, re called onr
.oroh .+ui .o ~ ,ar,n ~ ,n oro,, ~ v, ,or,1a -.
~ rotn,n to IL ,v thu ,,ac a, lin s,mo proect.e. .h,t