, 1875-12-29
FINANCE AND TRADE.
I.ittlo Activity in Discounts, but
tho Market Steady.
The Country Orders for Currency Di-
minishing...New York Ex.
change Firnler.
Tie Produce Markets More Aciiyc...An
Easier Feeling All Round, Ex-
crpt In barley.



II II may 10 Judged from ths nprntnR two days.
The applications for discounts notIefahly fewfr
thnn they .ysr Last week, buth from cy anu Cn'intry
sourcfs, A. far aa Tho latter concerned. there can
mt he much en 1cft here for thctr accommodate
tio,t. Country batlncca drawn Auxn to MI TN
naually luw hCurr. Chicago snnlitra are not
able 10 rtrsnuo tlI"ir llltsal adrAncts n
correspondence In tho grain nnd ratfle dis.
ttieta, and are rrgihnlng 10 rrfIne rennwals and
rslisco,lnta. Collections a.u failing OF t'mwhtt,
End the mercantile demand ID influenced By that faet
The miscellaneous Ills upon tho hants for acconna'
hasiouE nnt large, Int amounted lu ns mc', ns
ey cared 10 mert. 1liatnint fines arc nil hEt mud
no further extension in dcsrat 1T ths p,esent tim.
Hates Of discount Al Tho tants s3 IN per ccut tn
srsulnr c,p,omers. outato applicants fur fas1Es can
With difficulty tcctFn spocfal rates.
TIN ,hc stree. b,siuehs Is light n1tea arc 8tsfs Icr
ctnt.
S'w York rr'hangefs frnes, and waH ao'd between
tanka nj 3k d!,count fur st,oop.
Tho orders ffar, tho eoun.sy for currency wero
light.
Tno clear'nEs weEe $s.4ao,ne0.
lsow ro 1uEyKsr aAMB1.tSn IN ayocEs.
Stock markets 4nl Boards Of Trat!s ara to.lAy The
Rrraest gambling llolscs Of tho wtrld. The !nds.
rnFahlc par! tcso institntiona iay tn she e1chhn3c
Of commodities anil tho diatrblian Of catsl ar:srs
only 10 givo Ertarr scope to tho dreadful evils OF
gambling that gcneln1c III all Of hesn In oHh day
tla month "a tic london Alock Ex ctahga Accounts
NefH 10 LILO ollDu4k McFcIIQlQ AHloHllE VI
e1,5 ,5O,LMGup. largo part Of thlse dealings wero
fictitious ~ far any pwnr,hp Of Hocts went,-rtul
only In tho 1oaRtH to gambling bHk rs aEd their
weak, dtluslcl, anh misguided yictt1na. On tho
Chicago lsdard Of Trade gambling ia rampant. Untoll
millions Of bushels OF nuN houRht an1 sold that
have no e1lnaucc i'll 4lle lust for sudden au ill.,
r,rncA wealth. There, ~ In Wall STREET, tacro ara
6rua who ,nala It th profession h tntiee tile
wary Into sl~'niaous, t,rnnsInR Impossible profits.
The tytIs Of this tt traic may h2 sstn In personal
anil poc!a! l.ornlixation !Ffunjsry ruin. aud ohst-
ana hiu,trAnec 10 ltIn1ltc comm'rce and nor1nml
uvcn.I.ts If cnpitain ilat!c1lal individual, md III
tn.rja loss from sa Frlutiaro acro!H tho world Ia
81. FresshHry. Heyo Il All Lyll OF cnorm7lik dlmcn-
p;ons Il is q B:o,i dnh;rct for tho da-
nuhcilt!Un Of newspaper srlt.rs, ana moT-
a'!s,s. hut the practical rcfnrmrrs c;'d
political ccunomtsta havo left 1t almost alans. law
Of restricted application rassrd in England ssrlns to
offer mu,ll for legislation that Nigh. rHa"h A, sup
1rrps ts es. II Wan passed in jun', 15'. and has
1n. cid .o lu!iux III tho sbarca Of Join:-Htnrk
bauis--like that which put rich hlrytat after the
lauh panic Of 1:s into the hsnds OF ha wreckers Of
the Stock Exchange. THIS law ,,,ak"s compulsory
ic setting fo.th ct thu Respective numbers
of any bank siares that Lrc offered lar
s,!r To ari sucl sueks ono ,nnst have item. This
rt1lkca at the r,ot II thu rvIl. 1t lcsslaon be
arranged thai no ono shall ssli w!ras, pro-
Slaiois, Ea.Ernad sfo.ka, cotton, nr any Of tin
cun1Io1i.it1 dealt in in Tho 1sofuce Exchanges, stnca
markets. 1lunrsfi Ut the wurl, T!t he RhtW
tr to til" property tnld. The details u sueh lrelsla-
tim wouId demand rar", hat could In arranged. Com.
Ians cunl.l l+ required number MI aharsA issued
all alocks If gran merchandise could he represent
Ell by warshnu.o receipts, tlt pf lafng or tho lite.
All contracts for Hac culi l' declared nrllll that dill
not rrfer to definite property. attehted ararttcnlar
evidence Of tile. Thu success Of tle Parliamentary
act hayA aToen of has en1l complete. pora riot
show the way for Tic general rcsurra - nurh needed
FAN FRANCISCO CAPITAL.