, 1875-04-09
MONEY AND COMMERCE
FINANCIAL,

Ths renewal at speculation on tho Doarl of Trade
has exitad demand for loans TO earFJ grain md FRO
vyalonA, and Ihe hhsneus Hs banks In that no IL
Actlsc In othur respects tho financial Situation rro.
sonts few new features. In gnuetal. tho deposits Of
mercantile banks hAvs increased, In consequence of
the progress Of Tho Rrriug trade. The discount l,nea
do not seem to hars spprcciAbly lucreasod on tho
contrary. shern has NrhaEs been decline, account
Of tbs Improvement Of collections relieving morclsn.s
from thA necessity OF borrowing and the rromrtiao
with which maturing obligations mat. The last II
4 marked And significant feature of business.
slnee tho panic, in consequence Of tlie very,
conservative policy pursued bJ lenders aud
borrowers ate, an unusuaIly args proportion Of iu-
dcbtelnesa II promptly met when du., ara Ia many
Cases where rrnswals would 10 willingly granted bor-
rover. refrae 10 accept thtm Thern il fafs mis-
ocfinncoia demand for accommodations.
Estes Of discount ii tbs bauka arc EG11 per cent,
according to c!ectimstAucea
OH tho street toro IL not much good commercial
Paper Offering could bs taken. Hates are 7esls ~s
cont:
Nav York szchsno is scarce at shipping rates. Cur.
reucy IL going 10 New York duly 10 keep lip tank
balances there.
Tho clesrlnGs wers ss,ncp,Doo.
In New York, ihe financial papers report renoxal.
s the demand # ON tho banks for mercantile paper
1ne Importers and Tradtrs' Dsnk bought in ono trans
action from firm Of noto-brokers $c0o.oo1 Of anu
lFy-yootfa paper 1t e37 per cent. This rIInws tho
tHHu W III kAAs tuHlltHtH' III AfY
goods trade, and their opinion that in Nav York lha
s,an market will be Inv snd easy.
MANUFACTURING IN NEW ENGLAND.
Te condition Of manufactures Ii an important rlc-
nont n determining the general prospects qf trade.
4 correspondent OF the Now FORK Herald, WHO haa
made careful study Of New England manufactures,
n,atcs this report:
Full tinao Of work IL becoming general everywhere,
md IN overtime IA reported, leraps tho
hest evjleucs Of healthy demand for tbs manufactured
products IL shs fact thAt q strikes the demands nf
The operatives hasa generally been successful. Tho
Fall ver Anl Taunton ariEeH arc caacs ID po!ut, aud
ts threatened strika IN Lowell WILL probably b. avoEd-
Cd by general compliance Of the nlanufacturors WITH
cuhlsanceA IL Is clear tnAt The cotton md wooden
Misunderstanding busineAs not oug promises we'll but ia
st the present tfme on,anenty prospcrnus The
Il aiso true Of ths paper Manufacturers. enernllY
speaking It may bs sud Of Ito manufacturers Of all
classes throughout Mass lcluse tts-ai tln wlo.e uf
New Englxnd for that tnattertha. their prospects a8s
brighter tuau at any paod during tho last two years.
tAxrrAcTCREs IN ESnLAfp.
Complaints of tho Facknsss Of trada iu birmingham
iEua nts very general now in the export department,
the only conspicuous cxeept!ons to tho ruio being ia
tho c1.es Of tho Australian and Ea stern markets.
Iron Canada. TIN United ksates, and the various coun-
ue1 Of Southern and Central America come the s,.po
reports Of heavy atocks and dull rnarkete, to wnish
must be adcd in tbs cases Of Chill and Peru, con-
ndsrabia asnount Of monetary strinsoncy,-.ha usual
REACTION from oveetratiing.
GOVERNMENT HoyDs.