, 1876-05-30
Increased Orders from tho Country
for Currency.
New York Exchange Weaker...Tho Clearings
Yesterday $3,40O,000.
The Produce Markets Act
i've and Lower.
Provisions Again Very Wenk'--
Brcadstufls Tend Down"
ward.
An important Increase in Our
Receipts Of Grain.
FINANCIAL.

The fluctuations on tho Doara Of Trade In pro-
visions and wlcn, added to tho counter buahcsa OF
eomo OF tho banks which we're busy rccetrlnE mar
rims. Twu failures occurred among tho Hoard Of
rra,ln operntors-s. q. Hooker and William II.
snughtc. s Co. The inter were reported TO hare
lost between s1o0, 900 md sa0u, 600 In margins
Jtl,cr firms were sa[d 10 be seriously embarrassed
" The hcnvy fnll In meats and lard
AnDthcr feature Of activity In financial circles
Eas tho country movement Of currency. The Or
scEs from thu country tor Currency were large
compared With the amount averaged Of late, and
stc expectation entertained Of heavy receipts Of
Itua during the week.
The banks t!Aye 2iEnch an agreement to close TO-
iny In observance Of Decoration Das. anu there
will lie no meeting ot the Clearing. lInuso EEncu
this agreement BY the bn,Iks, the board Of Trade,
tnsicad 0f n1tournins over tho entire day, us was
expected, decided 10 sit TIL quarter past /. Thu
Uoarl IT Tra,1c banka will generally transact whni
business may he necessary to accommodate Gus.
:onless who with to deposit for margins, or check
iur nargina and will iii orders from tho country
for currency.
Tho local ioan market remained 1nles. The sur.
plus Of loannb1e funds continues To nccnn1n1ate.
Regular customers arc sparlng in their applications
inr assistance, and desirable outside customers are
lcarcc.
Rates Of discount nrc SGl10 per cent 10 regular
customers. Desirable Independent borrowers OBJ
Itn street rates.
On the street, rates arc 0Q1s per cent, will, very
.ew transactions.
New York exchange waa otrcrcd freely n. par be.
@ccn hanks.
The charnga were ST. 400, ono.
POPULARITY Of HOME ENTERPRISES m THE
LONDON MONEY MARKET
There has been n moderate demand for money
during thr past week, and slight improvement
has been established III the rates Of discount. The
.nrrcnsc n the demand Ia chiefly to b. attributed to
The loans which have been introduced, hut prfncI-
ps11y to that for the Metropolitan Hoard ..
Works. Thla loan was fur II, .i1o, 900
In ~ per cent stock. Tic application.
amonc'l to II, 300. 900, Or nearly i've md huff
llhrs tile amount offered. Tenders at E1NO es re-
scivcd In full and Mt f1o0 Ii 0d nbont 60 per cent
Az this Investment viii only yield ~ per cent.
while there s not much. II any, hope of ItA rising
10 premium, we must conclude that the nrpca-
tEona are all genuine, md thai there II }arrr aul-
ply q money sseklng p!!ofllahlG Hnd safe etnploy-
alan exercising theft borrowing lInwcss, ind arc
5airlng cons'dcrahle SIMS upon dehcntures or de-
bentnfe stocks Thr;s nro al.n quickly taken np
ycstment If uHr surplus capital. Az M foreign
loapt, either for f'nycrnmenis nr for public Under.
toryt<pond<ner Financial Chronicle
aosTos piscuss1oN Anoug nEnUciHa INTEREST
ON HANK DEPOAITs.
lHeIe III some alseasAlon gong on rs to The nd
slraolltty OF paying my Interest on deposits. At
the W per cent generally paid there Is surely no
rfoat III i'anlng these deposit" nt per cent: for
two.thrdn Of the II per cent difference ,nn4t lie
paid In ths 1 per cent taxes and !, ptr ernt 1osx al
irte.v.t ~, tho nronosttIon ~ rovon,, .t..
.as. ~ ha,na rna .a.sI.,',,' T., tna1 nlnhI W
,,'"hI. aS,.nn,, na ~ ~. ~. ""stn l,,o
,,aa -, .sI,,. ts s".ss,o, f.. t,.,, .n,H e't''l-
III rrntiv tbn }nst i,tnrn.t RI, arn' n,e' Ii ~
blnkA could uhtan for thclr loan. was ler cent
TeF MilnMW. - t3peHeeh nnu taHe& we're As largo
lhcfc M mere, Ino t4nAunh Uahks FUUlu refuse to