, 1875-07-22
Tho Approach Of the Fasl Trade
Sti1cns tho Loan-Nlarkct.
Tic Hanks Eut Anxious tO Extend
Their DiHco,lnt.I.ines.
The Produce Markets Again Active
and Excited.
Wheat, Pork, and Meats l'uoyant.'.Corn
aud Flour Stronger.
FINANCIAL.

commercial Actir!ty II httRlheur.. II s tno
yet to drscrsnnn vhnt tho chatarter If tho seanonK
trade Will bc. Tho fieaslest buyers have not nado
tlriF appearance aud btsineaa will nut be fnlry In
anausated till TIM condition of Tho hArrcsts aul Tic
future If lhc markets. 1elrfmfnei with something
ko certainty Tue outlook, with wheat and provisions
1t ihelr rroecnt hgurrH. Is felt to b9 encouraging.
Tiers has naturally bttn ehIngo yot In Tho Inn
mhrkht, bcyond M cv1lcnt relaxation OF nny rastr-
ntts the bankers may have felt 10 extend their iis
count lines. The hcl'of in srroaiing thai crr Will tc
Sharp leand III thn fall for ali tho resres "f lilo
banks. There il sill snrpfus hErrosatIo 10 gnos
outHlle BORROWERS short uno AMI lilo lcst Of 'arcr
or coatoras ut easy tases, but tho tenle'y s esi-
IDENTIFY tp shorton hc term Of such accDhlEno!1tious
1talea of discount continue at thu hunks staln rer
oent 10 regular custonets With ronrrbslus Of spyeFa
per rent IL indepea dent ourEslo borrowers.
Oh The strtot, tho supply IT r1sfaet,ry negotiable
paper u moderate. nntta arc 6ta1A tHr cent.
New York exchange was weaker nt usr between
banks.
There IL movement of currency to the wheat dis
tr!cts.
The clcarngs we're St,o0o,no0.
TAXATION OF BANKING CAPITAL.
Ths action Of National nAnk, nut lung agu, in lrnna.
ferring laras part Of ita capital to IL surplus nrcout,
has calll attention to tin luran Of banking cAintat.
Thcro wna sgniso TINT the motive Of tho transfer
was 10 avuId taxatln, national, hait county. rity,
Aud town. 4 somGwhat similar course IN tninR pur-
sued by mauy other banks In asl,!tIs heavily to
their surrlnx. THIS sur plus u in rcaly capital.
II to immediately visible in The yaluo Of tho
ahares Of tito banks. II a used capital.
1t LAS all thu nttfibutea flhcsotB. prolt3llenrsS.
OF capital II has not lla MrtenH. 1t +" caFilal
Int under another nane III ordtf 10 escape taxation.
Ills true that tho banks pay hrayy t1tts. But soo Of
hem are feslstin'l tue aynclt ot Ahd tht!s
general conthtau Ia hhuwn ny thc'r sanli-aMnuaa
tfeidh to be Printable 3nr all tic taSea 'heJ have
to bear. 1t In at,lly likely that much Hlteun would
10 at;rnctco to tic ut1IInr TN of srplts olonc but
If te rrart,,c NJ aurp,na for the
~ - Wv fA' f - '' w -, '8 , A ~ .. 49, ' -" ~ ~
o!eh P"'l""e" VI e'aat"9 oo"SaGoa1 " LIB @ose1n'
nlct by more shuttle nf usmo IN 70 EXTEND tie Jrg
tsatl,rr Of tho Satc will bo Eey to stcp in 10 iu,cr-
gess ly Ser rs of the National banking nrt III, Nj
,t,,., 49, " ,,.1 H. 49, a., ., ats,1@s ~ ~ .-,,.
.''isl nahA8 "le l"ee'l III 'Ac 1afe Teioohh ~ tne
local State authorttits ~ regards taxa!uu my other
property holders.
tA i"A"no.l ro!' y"
lae Ne~ kofk Herald puti1-hes annS tsEurca IN tSs
Washington avlccs cptneract lie RUM r. thal tito
tcports Of the Treasury will .rrari 10 til. e,n lal
~nu "eso tnaee"&aie' A'a9h.
Inc 6o-eautl coln tatiatlce" q tie I,rta",ify "a
given III Dns washington lttter ns St UNo. u thit.
s*stNVat y u eslf1 certificates, tG,HVthn IN Nlfer
batb VI ~ FliItf ss1i, aid 5HbHHH' i'll F,l
nhn " this 9t."G2'tos tilrro In dae IA, eah for
Lot1ua nfcnay natlt *'Wntuo Tor itt rsst due 1tla
lat 0! Jnt ana unpaid hesrtt previously due. sf0thU-
90 Ilerr ARE III hand hihl tsosAoe, shErrfurr only
Safurt IN iafthef Faluooa " s1e sale u *2o n to
b. a.lo this month"; It y tho taFES accumulation nf
tiVtr retnFhed a. com Which hLs lei % tic insaFrrte
hehAinh til reghr tu tllu treasury statcIt.ta for
was Enowu that lao d4nse@ published by tho serutary
ERVea statement of "cotn I'll e1ters Of tic gold III
nanu, u belhe assumed that c,ah n'cans gold, ahd
lint, thcfefose' ttp reports were inaccurate.
THE oII, sToNy.