, 1876-12-05
Tho Banks Receiving Only a Moderate
Amount Of New Paper.
Counter Transactions Heavy--Now
York Exchange Flriner.
Tho Produce Markets More Active, aud
Generally Stronger.
Ia Important Adysnte IN Grain, Owing u hs Var
ksWs from ths eld World.
Movement from the eeaboarl-stooks In
New York.
FINANCIAL.

N6W 1QrKs
FINANCIAL.
There was no essential change In Tho financial
dtuatloh. There IL not much demand from tho
j}uasd Of Trado for blink favoN. Tho packcrs aEo
the most liberal makers Of paper, a. they havc not
yet allied their lsnes. Tho applications for fnnda
with which to carry stuf1 arc limited. Mercantile
paper Ia In light supply; tho general wholesale
business Of tho city 10 dull. Collections hnvc im-
proved since tho present movement Of currency to
tho coantFy. Excepting tho counter transactons
which were large, as IL usual on the LIST of the
montn, the business Of the banks sas quiet.
Thas loanahtc surplus 10 moro than enough 10
satisfy borruwera.
Hates Of ecount arc so per cent at the hanks
to rcgutnr customers. Srcclal rates nro mnda In
Arecial cases. On tho street rates arc per cent,
with little doing.
NeW-Yofk exchange WAS sold between banks At
500 per 81, 900 discount.
Tho orders for currency weso large, but not 10
heavy ns the nveragc OF last week.
Tho cleartngs wcre 81, zoo. 600.
nANK CONSOLIDATION.
Tho vtrtnnt consolidation OF tue Central National
and National Dank OF Commerce that tins been
effected by tho retirement OF the lattce from bus-
and the transfer Of It's accounts to the former
bunk will strengthen tho Central md have bcti-
chclal influence generally on tho banking interests
of the clY. II has long been an open secret TINT
tho National Bank Of Commerce, tlough akillfutIy
and conseFyntfrely managed, had resources un.
equal TO maintaining tho struggle for ax,stonce,
particularly nfter the circulation OF the unfortunate
rauior. eome months ago. that II had failed. The
report WIS slnnderous and entirely unfounded, ,but
Its effects could hardly havo been more fatal had It
been true. The Central National, 10 which tho
Bank OF Commerce transfers its accounts IL one OF
the most carefully managed banks in the city and
Mr.. Maynard. who becomes vlco- Prestdent, will
have no difficulty In Carrying his dcposltora with
him.
TnE CONTINENTAL L1FE-rNsunANcH COMPANY
OF NEW YORK.
The delay OF tic Receiver Of tho Continental Life.
insurance Company, Mr, John ]. Andcrson to
1nakc pubc statement Of It's condition Ia exciting
the policy .bolders to grcat discomfort. Il isnow
freely charged md widely believed that collualon
exists between tho officers Of the Continental anil
the New Jersey Mutual Lifc-1nsnnnco Companies
to transfer the business Of tho former to tho latter
to the profit Of tho stoekholdess OF tho two con.
Germs, md tie detrmcut OF the ConttncntAl's
pollcy-holdcra Tho New York Herald Of satur.
day dcs0tes several columns 10 the condition OF
the Continental, md thinks the atory Of tho pro.
posed swallowing up" has many plausible foun-
datlonf, among which II the fact that Mi. Ander-
son was once connected With tho Now Jersey.
THE GOLD MAnKET.
The Into fluctuations In tho price Of gold have
been ascrbra 10 vatlous cauncs such a. tho pollt-
tca sitnHtton tho excess Of our exports oyer i'm
ports, the operations OF tho syndtcntc, md, most
lately, the sales Of our bonds in Europe BY Ger
nuns npprehcnsise Of the future. The net result
hnE bccn decline In the price, and !ta most plaud-
tble explanation attributes It to manipulation of
the ninrkct by the 1ohsch!tds who hays In deliver
largo amounts Of gold 10 tho Government shortly.
fall In the price OF gold ut this moont ID notice.
able for nGre than ono reason. Tho Eo!d premium
f%n ns,$ n4ax1n.