, 1876-10-28
A Falling Off in the Demand for
Discounts.
Smaller Supply Of New York Ex-
changc--.Clcarings, f,3,-
100000.
Tho Produce Markets. Irrcgular-Provis-
ions Moderately Aotivo, and Weak.
Wheat Lower---other Breadotuffa Tame
aud 6tesdy.
FINANCIAL.

There was not 80 :nucl, OF demand fuF loan. a.
the banks have cn}oyci during the earlier days ri
tic NINTH. The ranntty demand continues heavy,
but ut ,nnsi Ut the local hanks there las bccn q
general ia,tnntlon In discounts. They found q
week or two n:n that tho applications for faysrs
wcsc lntic Or numerous a. they were ready Ia
meet, bnt recently this has ccascd to be tic chec.
Something Of surplus ID HOW accommodating, hnt
rates have INT been affected rs thuso Is cxrcctn-
tl"n that the lull Is anything more than a tenn.
porary one. Business generally secvs quiet, and
will probably remain III the excitement and nn.
certainty uf the Presidential election are things Of
tin past.
lsatcsI Of discount arc sG1o per cent at the
banks ta regular customers. On the street rates
sso 8per cent and upwards. The offerings Of pa
per nrc small.
Now YORK exchange h not no freely oIcsed, but
It'll still quoted At 7acst. 90 per 81, coo discount
The cfcaFlngk werc Il, 400. oO0
THE sTocK MAKKEr.
The BELIEF that rates nrc 10 10 rnIscd by the
trunk lines still affects tho New York stock mar.
kct, rriccs haya advanced anl buyers arc boldcr
and more nun,ctons. The New York Daily Ljuiie.
tn records that outsdcss operating mora extcn
siveIy III Wall street than at nny previous tine this
ycart
THE PHILADELPHIA 4 READING RAILROAD.
The 1oatEng debt OF The Philadelphia l. isea,ling
1tailrond, the stock Of which recently COLLAPSED
from II TO 101, Is now statel 10 be sB 00o GOO to
~, GOO. 600. Before the break II wns between
s" 500, 600 md 50, 900, 900. McCaln,ont, Of Lon.
don, advanced the Directors Of tho road $500. 600
and 20, 600 shares Of stock 10 meet this debt They
uscd n, however, III tho attempt TO sustain tue
stock, nnd, OF course, lost tull.
TIE uANK or MONTREAL.
Tho Bank OF Montreal Eoqnent III to nnnuuuce
that they arc now lAtuing icttrrs pf credit and cir
cunr notes for travellers available In all paris OF the
world.
THE NEW ToNK sAvINGs-uASK RxAsttSEi,
Supt. Ellis OF the New York bank Department,
Inns not gaincd any ground by his reply 10 thu
charges OF Receiver best. Of the Mcchanics and
Tta!cre Savings. Dank. Atr. Hest shows that tho
deficiency In the banks assets was never mado
gooA, notwithstanding Mr.. ELLIS assertion that
that had been done to his satisfaction by tho
Trustees. lie proves that Snpt. Ellis was nrr-
sonally acquainted with tho condition Of tho bank,
although the Superintendent HOW dcpsrn ull huch
knowledge. When the banl- Examiner, Reid. re.
ported surplus Of ST., ISL Is, there was In truth
deficit Of 500. oo3. 10. Nr. best conclutcs by
showing that under thu new sayingu- Iiauls law tho
Superintendent Ind abundant power to close tho
bnnk year L-sorc Il failed; and that he not ouIy
did not do su. but BY Ills personal u11otta prevented
the appointment Of u HcceiYer In tho e,rinr of
1878.
GOLD AND GHEcsBAcKs
Gold was 100ia q lo3A IN geccnIlcks,
Grccnbacks we're Dl!ilU14 cents on the dollar
In gold.