, 1876-01-11
Light Demand for Loans-Sluggish
Movement Of Currency.
The Produce Markets Stcady..-1V11cat and
Meats Strongcr-..Corn Dull;
Settlement at 50c for
December,
FINANCIAL.


tic could DO expected here. and tho drain Of
currency to New York on country account
would bc atrosled by The supply Of Enw York c.-
change which ~ould 10 made by their shipments.
Dy realizing on tho stocks necessarily hold bacf
IRON, market the country would bs enabled to ray up
tts ndebtsdness 10 this c!t5 large. Tha pack
ers hass besn afraid 10 cut up much meat in the
dtJs that mo hare had but they Will At once ATTEND
their operations II theI hAve cold enough westher
and will borrow corresrondlngly Of the banks. Ono
reason, however, why tho packers hare borrowed less
than t1snal hts year has been that their capital has
been greater. Tho mercantile snrply Of pnpcr In
email. Tho loan market Is n d comfortable condition.
The a1pplJ Of funds Il sufficient to meet currut cas
sud cfsiIo borrowers recrre consideration than
Hhen tho ioan-1nafket WAS tighter.
Rates Of dl'connt are .1J ler cent At The bankd.
On tho street. huRness Ia qulus. Ratea arc BatlJ per
t&nt.
New York exchange was scarce and firm at a psc-
MUM Of shipping rates.
The movement Of cu.rencs Is largely In favor of Tho
city, bnt the continuance Of cold weather will cssse
consllerahlo ahfpmcntH Of currency 10 move In
produce.
TIN clearinEs wcrn &, 100000.
HToCE8 AND DlyInESHs,
Tho Indications asa that tho dividends now being
pad in Bottom md New York will be reurested iargu
y In ratlroad mortgages and Government and luIc-
ipa bonds. The general streugh Of thc st,,ck mar
kot Is due 10 tho msnpulatton Of elianes tbs xitua-
don otherwise |. rporte4 ts tic New FORK I,iraf ~
CohnItrtt 10 le dull anil Leire,stuE to brokers who
Lre on commissions.
rosD1r1oS nf THE NEW yonE NATIONAL. n.sgs,
The New York clearinghouse publishes a summary
u tho reports Of ihe Now Yntk National II,uEs Of
lhelr condition Dec. IL ist. There has bacn within
three months. reduction of $653,nD In capital on
account Of the dscourageneuts "a which banking in
New York is subject lcyud uuv ether important city
In tneeountfy There han bte an inr1uase of nearly
million doArs u The circulation, probably from the
res'ue Of Redeemed notes, to meet the usual fall d.
mand from tile Vest for cusrrnry. Tie tleposits show
the large dcsreaac Of s9aV0G1o. In tie amount i,te
10 other banks there has hi OH reduction Of seqp
Uoo, caused by thu withdrawal OF cou,r s-Enuk hal
Anccs; md the 1n'n4 End discounts havu declined
I'LL, Go1 the total If LIZ lss Items being nbout
nuftent to account far ha reduction In tile truysEta
The loans, Oh TIC It'll Of December, nmp,ntcd 10 uuy
$c3l,1h00; which IL *1a,1H3gU0 less ttnu the amount
on the auth Ut DECEMBER ls3. when tho ba,sks hui
not completely et1 snsatcd Themselves from tic lem.
poFAEy oxtedicntS rendered neees4afy ly lilo pautc
and Is s52,tlD.t01 below thb amount up poc uG
last year These hgres Eho strik!ugY the ol{erta OF
the commercial depression upon banking OPERATIONS
and Indicate the contrastlou That Ina occutrcd In
credit transactions. The loss Of legal tcudcrs during
tho 4uAt.sf amounts to sJ..N0nu0, TMI. withdrawal
Of gFecntacks to the interior for the crop movement In
largely In e1coss Of What Nsally occurs ut Tint se,
eou and it must bo regarded n Rome te4slyc DC.
counting for tue large contraction in the loaus aud Js.
counts.
FINANCES ABROAD.
In the London market foreign securities aro ,lui
hnd heavy from very 1aturat cauEca. Ihu unsettled
condition Of sGarr III tho Eaa the 1osAilitics co,-
netfed with Spanish omlllratinns, md tho disturb
Ruces Ia trade ctrcles resulting from cotnncrt tal
chsu9es, MI are moro or lcka aetng rriccs and cAtl
ing tho confidence with which investors ut this teason
of tho year usually regard yariuua securflIts These
Il ~t,tnt t1,urA ArF+ haiti.
Will certain o<coptions capitalists ujypost> to
make ventures which III ths not distant future NAV
end In loss. United ataeI Government to,,,ia COLI
t'nud In fs!r deniand aHhoHgh somewhat irregular
Ind sympathetic with tho remainder Ut tho market,
From prrsout Indications tlloy will probably command
Greater coutdenco during the lending year tu1n any
nher foreign sccurltles Indeed! It 10 s4, That they
VIII he the only foreign Investment in supreme favor
Concerning American railway bonds 1t IL worthy Ut
escorl that tho prejudice eugenlcrei BY mrf artune
II home and hy defaults uu ills side Of
ahe Atlanlia IL apparently rapidly disap-
Pearing. Thu number Of purcLnfrra ia uu.
usually large especially n what nrs rccnanIzed q.
hssl-class securities, atd the English roas IL generally
recognizing tho flct that, cuurtrninx tIr tho y1tcty
@ the investor is assured. Hence this fAct being rs-
ogn'Asdt 9ood bontH ars eagerly sought, and ss es
ample OF large capitalists. who prononu.s them cheap
And safe, te1us initiated As has .u., Lufure teu.
1raphea to tAe Htrad, thy regarded III comparing
.aSotably with the bea English securities of thu kud
During the p.st week considerable cumouu han bt en-
Experienced Il! Esie bnt t!,cro ii material cha1ne lii
the oHairs uf tito Company o., thia Rds This rrcs
sncunses AZ usual, aud o!u,. dlyited cv,Ictrtna
lie result Of tle pending n,ttngon!snl. Tho Londuu
Eto1ionfA o1lns"s the nomination Ut Gov Tjou Of
rev 1ofk. ~ All Agtut III hp nrw scheme Of reorga-
lzatiot, md, icaccorH 10 lin tho highest honor
e1pfessts the opinion ,h,t eta,,ss he tnuy bccone
Democratic candidate for ihn Presidency NJ the Cutcd
otstes t4at eVrut or tu Preparations tur will ,eers-