, 1875-07-18

stance. of the first half year. the fact that the fsures
IL above shown only trihe In e1ceas Of previous
seasons whila the liabilities ars absolutely less tn
amount snowa staying" power as the horse Jockeys
say} On tho part OF the mercantile community which ID
exceedingly c1oditabae and encouraging.
The report OF the agency concludes:
THE 1enorts from Ill the chief centres Of trade hero
with submitted mud which are derived from tle most
reliable souscea in each locality Ut our OWL
aiyos indicate much that Ia encouraging. Whatever
sn abundant agricultural product will accomplish to-
ward restoration Of prosperity will certainly ths year
be contributed The purchasing and denIpayaS Power
rroged while considerable activity must h1 PROVOKED
during the autumn in rep1entshing the small stocka Of
cniturai SUCCESS ay be needed to restore universal
prosperity. Expectation founded on TINT basls has
alreaay led TO Disappointment. But whs.eysf e'se
may be needed, 1t seems hardly possible IN
the' e' pa,urc Of things TINT \ revival be
ysry much longer delayed. Every day must bring
M nearer to the cozzncncement of better state Of
thinrs We h1ye all the elements OF wealth 1t ha1d:
abundant md varied resources, unrtva1ed means OF
transportation, arge surplus Of unemployed eAptai
above ALL people who have experienced lar worse
condition OF things and yet have achieved success. y
Nation viii both come und 60 before can chronicle
permanent activity and profit IN bus1neat put no
worse comes in the interval than mas nefaen rs
in thu st1 months under review, there VII oe cause
for con9ratuation The great lossons Of patience and
economy and tho pracuce Of such business principles
w apply t1 M me4 a. sn
In vadn-
Tho Lopdon 4tmes of the ID says:
The mercantile suspensions which hsrs been a.
sozf zs5k e pens e ba
nrared to e4ist urn no small scale ID te iess, ...ds
aud tn tho 31ncheser trade with the East turks lke
wise in other departments. Although the failure OF
Messrs. Kiiburn, Kershaw l. Co. is dsaater Of con-
ing caused 80 many suspensions IN ths other TWO
branches Of trade the 5oeses in the sk trade consider
ing that the liabilities OF this nr.n sro estimated 10
reach some three quarters Of Million must have been
likewise very considerable. Surprise, not un mixed
with indignation Is felt ut the magnitude Of taeso
liabilities consid er1ng that the firm silk brokers,
whose legitimate business ia to receive goods from tbs
merchants and sell them dealers and manufacturers
for commission. No goods, 70 believe, are parted
with except for cash. and therefore cannot be pro
sued that such heavy leses could have been incurred
otherwise than by speculation, ~ advances aro only
nade with \ safe margin.
The London Secs Of the sd inst, In announcing tho
semi annual dividend Of per cent declared bJ tho
London aad Westminster Bank SAYS:
Tho dividend Is only haK what It VIVA 1t ths CORE
spending date yeat ago, anu tne announcement 1s
also accompanied by the statement that E50o0o0 has
been carried from tho rest to special "suspeuse"
account tn the recent exceptional losses aud
frauds. These annoucenensa by the le4dlng JOINT
published u 10 the magnitude Of the losses 4rts
ing forn tue recent commercial dtsasters and confirm
been made in the city. It is mntter for ccngratula
ton however that the London and Westminster Bank
has set the example OF te1n9 everything ~1thout eh-
cea1nent-
BONANZA STOCKS.
The San Francisco Chronicle OF July II quotes:
Closing prices the street yesterday afternoon, at
3:au O'Clock, follows: Sales-Serrs NeYada $4. 50;
Raymond l. Ely, $3.50 and $500. Bfds-Consoli-
dsted Virginia, $13ov: California, $3.50; ophir,
Gould cul,s. xls.oo; yellow 5ac1et sss:oo: croxn
Point $50 b*!cher, sa4.00 Imperial, sa.6o; sav-
age 5000: Andes, $t,13h; Union Consolidated,
$700: Bullion, $45hO; Meadow Valley, 81. 80 Eureka
Consolidated, $s4o1; foorman, $3.50; look Island
{new snares,, R-75.
FAILURES IN BuarJEsB,
Tho Vienna correspondent Of tns London Enono4nist
says:
What has been said In my last letter about bansupts
Ia our city las. Am sorry to say. como szue. Tho
banking-houso Vene7, and the largest sugxr manu-
factory in Austria have stopped their ayments. This
has been occnsiou to find out that tn Vienna too
great many bills Of accommodation have In been dr.
culaion. Both these cstasuphex have pressed heavy
upon the Stock Exchange Of Vieuna but do not &sss
to bear further consequences.