, 1875-07-28
Local Finances Unaffected by Dun
can, sherman l. Co.'s Failure.
How York Exchange at Par---Deposlts
Of tho Banks Increasing.
Tho Produce Markets Stcnslicr,
and Close Firm.
They Are Not Materially Depressed by
t),o Weakness Elscwfcre.-.A lIct-
ter Shipping Movements
FINANCIAL.

nu,uced early In the day In New f''rs, and made
,|u,tcr in Wall street. The proportion Of "ra:eFn
husiucsn not1c with rnnran, Sherman Co. was nt-
n.o,t nnnisctimnt. Cut Of tho a' correspondence az
ono of ihc 1arses Of hanxp, only t*o were IN tho
hAhtt of rrfniittna to Duncan. Sherman Co.. anu
these wuro rnlall private concerns in tho nter1'eo1
tho statr The proportion in the caso of the c'rff
eroueut. Of other bauks In This city wns even ft'.
There las lcen occasional purchase " "sai,
arawt, OH Duncan, setrnan Co., but th' t'fa' o D."
the dealings III Tim Wcat with The firm. lrs"f. 'lte
nf travellers who nd tliaf letters Of crf't't *h "'e
uf muh!cI|N! character. will Rtnonat !" Eas 'os
thousand lol1arr. Tha house H." Teen 1'aans,a' ~.
agent for Tho City OF Ch:ag, AMI thr Ssate u tIa
nols II WA through than, th-t lie lain VI s''ooo''
to Chicago waa negotiated III l''I ms n""su W. "a'
fnvurite agency for the iny'sfn Ut 'hefes' " "s"
Municipalities on their ntls al'l "'tf itae"eanthS'
VIZ untczHtand that ihr cay! ti''a:o has ',' ia'0
witt, them m tho Inst intn "as negotiated NY '""F-
t,,l,or 11nvrs .ro,ch The American Exchange Nation.
nj Bank of New fhfk.
Tho failure MA tirss announced hs thf Gom atlG
Stock Telegraph c.nanya wlrcs IA that % "a large
cotton house." aN1 It liz renlly In th!a aHif' tha1 INC
.u,pet,stn Il 10 hc regarded, ~ !" ia nin'c'iao
causes. T],crn IN tnprp than good rc7son 10 LelIeFo
that tnc house has t&cn struggling With aveFte c'f-
ct1ssaticca for several ycarr nii Their e'nb1srats
ncnts began with tho rahtr. This IA tic 'neaping q
I'm reference inthe dispatches to Ike *tnk they hoA
Ct ,!u,iu1ta value. William Datier Dnncan waR the
President os tbs New York Tiauet Company tl'af was
.tart,d to settle tho sari1 tra"Es question Il! Nc"
York, The firm hcld saIue nf that C0nlanyh stock
1tso most ot tho sew A'A "' s.'r ,sa, ,,c,r,,,,.
othee rl'aa hs'I.s 'NA ,,", 80 .s.. cnt,m,
o' an :. r,t, ~, bt.f,r,. NJ b,ntfn,,
ho"rs" t'lat IL hmas 'aHu ~. ,,a ,nrn -,
tcmn,cd ID }ttn commercial! business 10 hausnE.
Tho combination thai In opposed to I'LL sound
1'lhc'I'ts ~ u"es, "'. n,'o.,, s,x,u,,r !. f.,
ieft a'' '""ss "'' III ,a,,,,, hI,1. 1.rrn,
nov ,. ".''' 'uh s.,1a. ,.n,,,w houso, int dealt
',, at.1 ~ ,,,n a;rr.,,r ,te, thcy eonf,ur, .len-
.s farmer o,rr,,,ona tho rcycnt heavy de-.
''Ss " ~ ~. ~ ,, - -. ,... s,a.,o,, .Io,u so a,rf,,a
sr w ss"'l sp' ~ a. s"srrxo IN ,rawur nr,ns
-, ~. .. -, ,.a.,, ~, i,s, w,c,t 1ut in ,nnk-
s. ~ .,.sI 49,. s.o,n, nr far cnR,o,urrs
~ .,s. D,,t l. ~ ~ ,f.,c,r.t.r they
.'No a.. -, ~, 49,. .,,, .n..,.o,v.a .rncv hal a
nr"uH". At '.' 80 "i 49,, .,,nrci i..c,f N
oranea nouso III .se~ t'""s, T., ,n, rrvy yort.
coaspn' 0o.s -. o.."'s . @ -, ,oI In t,,o ,,,rr-
-I,., ,t,,,.r, ~, kr,u sno t,aukrt
o. 'no ,esas ~ ~, .1,,os ,,,,,, 1,nrnn Rhrr
eousc 'aA' w.. .A .'St -, ~ th,. ch,r,rtcrl.I,
,1, T,Io q ~, ,b,t took tti, stem ah,,wc,1
"a .u,A |i,. ~ h,rtI,p ~. pnod inn. Mt tho
'nat spel1 A"'"Ne. - ,,. ~ T. ~ ,n.e ,,oert.rt
r..s ,,,o.. ,..,r, ~ ao a cnu,mcr,lal bus.
"he'' p.nAet' s,.1aI.,,n. .asr ~ ohera tbcy
's.s ~ ,...,4 ,tor,< M y,,,urr, ran bc
oasas '' ,,.,,o,,n,,t" That te.rh t.,.a lesson
1.1 az. ~ ~, ~ ,,,.-t,, trt o-c,,a ~ ttn cn,u,
." ,,. -, .,.I - ~, ,,,,nr ,ba d4crct,o,
"y arc uete'"c..s ~ '1.. $50 - ,I, .,I,
aho n"tiny "'.a .t. T.. ~ na.a ,,rrsrs MN. con
tfnste' ~ ons W .a n.,,,,, MI, n s,a mr.
nno tAeInso ~ 80 .,,,as T.. t,r,ht - h,
sist IN s4o'a'''E .li' '"o 'A'' 1'N-' Nv
RIGOROUS ause1F... ~ ,,,,. ,.u. ,,., &, =, a ror
Duncan' ehetian ~ "'u's -, - wv, - 49,
ah'oh ios p"'"e '''' srs..,, 1..a toa,I -, d,o,
o"sls pecn '"Pa'ea' Ivy "' "'o s ,.,. ,o...
cnlsy III procuring ",s''ao " .' 49, -. ~, 49,,
lii cotloE. hoea' 'n"' ''''a 80 n'n' -. ~.
MUMMY co"l" no' ~ "'"m -, ~ a"Na. 49," ~, 49,, 60
gesaug wider intarcsts lhef aesoeiates III tao Se'
forK Clea9'hR-no'so "o', ~ 'Ae'' 49, ~, ~
lection unaoa"'eaS' ~,
tno A't'"a' -, .,t .,r,,,~
ing, haSo ho'pad @hesn throuah sny 'etar"''.
trnublo No sudden contingency Of legitimate bahR
Inn would have bccn allowed TO overcome thctn hli
h1nr aI.trrat uroon tho tants uenrrally Tint II,