, 1876-02-26
A Quiet Day In Financial Clroles''-1n In
quirles for Loans for Settle
ment-Day.
NeU York Exchange Wcak.-.I,arger Moyc'
ment Of CurrcncJ...Tho ClcarInss
&3,500,000.
The Produce Markets Weakeuing-A Gen.
sral Decline In Prices-ProVisions,
Wheat, and Barley More Aot-
iye-Tho Rost Dull.
FINANCIAL.

shsrn w 4 moderate amount OF bus1ntsa ~ tho
banks T.4psacttone not 4nft a. 1Argo AZ thoae
of tho preceding day, but tho better 3ssus nbserrAs
n tho beginning Of tho week continues. Thn banta
sre now collecting about Al much As they disbnrse,
and htrs pope tttIn aurpnp Of 'oauabls funds. Thn
applications for Ioans arc steady in hmount and suf-
dent to keep the funds Of tho banks IN comfortable
smrjoymcpa. Tho npproach OF settlement day ha9
tpspcxhAt stimulated Tho demand from this Board OF
rrade for 1oane The mercantile demand fs not prtas-
ne, Collections begin 10 hhow sofna improvement.
rhs miscellaneous oncrinRs Of rAror not large.
Hates sf discount At the banks arc sAl0 per cent.
On the sreet, business IL quiet. G61d paper Is IN
sem.pd and tho supply Is scsns na4ea are s9le por
nnt
Now Tork e1chanpo waB offered tctuesn banks at
t5o dlseonrt for $1,000.
Tbs orders for currency were ,assar. and came
mainly from tho wheat diatrlcta.
Ths clsasings wess $3,s0oono.
CITY cEnrIF1cATEs.
COMPTROLLER Hayes II now taking city certificates in
Payment Of LAKES dnc. The certificates nrc taken At
par and accrued interest," an certificates not ue untfl
1une ara accepted In this way, vol A. those now
maturing. Tho contcqucn.r Of this action has been
that tho dcnhuh for certificates hAa incrcase. The
margin botwoen thoir market rr!oe aud thst At which
They taken by tho Comptroller makes It money Inn
mans pocket to my his taxes.
DUsrNIRs III BAN FRANCISCO.
rhs San Francisco Bulletin Rvca encouraging &C.
sount Of ths condition Of business In calfoEn!h. II
nyu:
Htates must affect in leGrca huatncsA hero. But
It cannot be Rad that NO bare nny extraordinary do
sst onatsry ~ erros.fon Ell oi .t % satua Tha
rates Of inlereat only fraction nbore what thny
stx months ngo, and. Recordtns To the present
outlook In thrre mnnShs mntN money wifi be 70
shundant hers thst viii scek tho borrower as It id
Hits while aso. Tho rainy season u alw*ys dull
rtpded. Tim keed II in Tho Groun1 md the harvest
eehson i.threo months n. But f"ke nj IN ait tore
sss Ths Il y ss
.nad.ut 81. q Eni TN r,tsr1s1 in the on1-
iSe season ia tho niaeer mines. '''"N'S "A N'
Quartz tn'nlne both fer gold and silver never wan
pEosecnted vih more viEor o. r. 70 large ac,ls a.
9opar.tion % for building ii heard On sssry s hsn%
man man Who ~ wsnted wnrk rorid md employment Tho
demand for rt4' and nustllad labor vii. probably
eh.nneil Of iadurry creates demhnd for goods;
sumption IL Increased when the people have tho meAna
70 buy.
COST or THE FRACTIONAL eunHEscr.
Tbs issne Of $3doooo 90 Of fractional cnrrenry i.st
yea. cost ths Gevcrnmcnt s4o.7t, according 10 tho
report Of the Director Of tha Mint part of this.
&2;oo Co., car1ed, ~ Secretary Dr1sow explained
10 tho Appropriation Committee. by clerical otnia-
sion in the Appropriation bill Of last year. Dcducting
this the remainder seems cxtTasnEsns prce to pay
ttn suugesta 10 tho Appropriation Committee thatn
good deA Of unnecessary printing il possibly being
done Tor somebody's beueat Investigate.
THE SENATE AND THE BANKRUPT lAw.
Petitions and other forua Of pressure being
brough! Ia bear tho seuae to influence Ills action
on the Ecpeal Of tlu bankrupt lAu. The Warrington
correspondent ot tho Now York Journal Qf Commerce
says:
Numerous petitlons from al parts OF the country,
.gned by influential b9slncas en hare been received
IL seton q, .hs iioass ie1esents strons fssns @
hostile to tho lsw But tho petitions and appeals aTo
ton u tho saoecs nad .be psesosvato Of tho good
s h1 ~ I'D tns FsPs. Of thc sso
probable th. tbs senate Judiciary Committee viii rc-
polt f.rorahl, uron tho louss oll' one thing y Ger
akks any ana1 action on Tho subject without the nodt
earefu, and thorough considerations Tho Senate Com
that srge majority of tho peitions praying for 70.
.a e.s of M u o
At the ortniug Of the seasion eame from sottmuuey
Representatives..
nEnucr1oN or CIRCULATION.
Ths Treasury Department hla given tho elements
for sccursse statement Of tho paper mono, conrao>
ton pinen The let Of Jan. II, 1876 passed 10 Feb
1S7d. The thfco ilcnl. OF reduction ara tl1tso:
peFmanent reduction Of iesal.tender mud
fractional cllrrfIItY clFcHlatiUn 10 teF ccut
OF innk circulation. 311,71!:'.l
I<Kat-teude:s I'll hand to rrhecm csc1,la-
ton.. .....:...:,,...-...... g 43l, ,70s
Net reduction CT Natona Bank CURRENCY. B,y91.27l
Total tontsacttou $40 10Q, $50
To this should properly be added tbs incresao OF I'M
u1ahle notea In Tho vaults Of 1ssuing bauls, which
would carry tho aggregate up to more than ooou-
eoU.
TIE srAaEr-TAI.
Tho 3esat stamp tax ID payabs only on bans checks
bank Arnits ea,t ordses etc otc., not on ra{ts or
checks drawn by individual not banker OF per-
xon not bAnksr.