, 1876-11-09
Local Finances Resume Their
Course Without Change.
Now York Exchange Tirmcr---
Tho Clcarfngs $4,6OO,OOO.
The Produce Markets Slow and
Bteady-..0ther Wholesale De-
partments Quiot.
Business Partially Neglected to Discuss
the E1ectlon-News.


Tho connter transactions and routine business Of
tho banks was increased by tho buvinoss brought
forward frun, The election holiday, but thu sttua-
tton was otherwise destitute of any features Of
special actsity. Thomovcment Of currency to tho
country WAS light, and the applications from all
soutces for bank accommodations wcFe not rreshing
Itatcs Of discount wcre SOLO per cent nt tho
banks 10 regular customers. With special rates 10
independent borrowers. On thu street, rate4 arc
2 per cent and UPWARDS. Tho offerings OF paper
arc light.
Now York exchange was sold between banks al
e5c per 81, COO discount.
The elearin2s wese 81. COO, 900.
TIE MERCANTILE AGENCY,
Dun, BARLOW Co. announce that their Mcrcan.
tile Agency will hcseater be represented Ia ch.ca.
60 by Mr. Bcnjamin Douglnsa, TIL now connected
With their New York ho,so. Mr. Doug1ass takes
the place made vacant by the sudden dcath Of Mr..
Brock.
RUSSIAN F1NANcEs.
Tho Berlin correspondent Of the London Times
thinks that Russia haA not tho financial strength 10
sustain part in q European war. TO PROVE biz
point he adduces the evidence Of the fiscal history
Of the country for tht ust century. Catherine the
Second began the issue Of paper money in 17GB in
order to secure funds for w1r on tho Turks. In
1i74, the circulation wAa limited by ukase tn 20,
000, 600 rouhlca. md in 17S6 TO 100 00O, COO
soubles, hut tho issacs wont on to
1853, ooo, 600 before Cathcrtno's, death to
677. ooo, 600 In 1910, and to $50, GOO, 600 IN
1877, when tho value Of the paper money was oi
cents on the dollar. Tho asslgnats were then par.
tiaIy funded in 6 and por cent bonds, selling be-
tween &, and RI. In 1880, sos, OOn, 900 OF paucr
rouhles remained. BY 1843, the amount was &c.
duced to 10, 900. 900 rouhlcs and they were fuuI
ly brought to par by the accumulation OF rcAervc
fluid Of halt tho amount In circulation and tho In
vestmcnt Of loo, 900, 600 soubles in foreign rov.
In
oftho Crlmoan war had swellcd tbs foub}es 70 73,-
ooQ 900. and specie payments wcre suspended.
plon OF resumEng Rpece payments like that
adopted by England in 1910 was rcsort-
cd 10 In 1901, whcn the ciecula-
tion was IA, GA, 600 II depreciation
Of nearly 20 per cent. Tho Polish rebellion Of
ls03 stopped tho redemption, the circulation hav-
ing been reduced 10 58s, ooo, 600. Since then,
desptc annnclertug, the pnpcr currency las in.
creased to 7lu, 000 GOO souhlcs, Jap. !, 1871 nnu
7:s0s COO, 900 In October, 1876. RnesiA could not
obtain loan Of $50, 900, 600 In 1853. In tho
present condition of her finances II Ia not likely
She could now do any hcttcE. 1icr only resource
would be q forced loan through the issue Of paper
money, With all its dAnstroua results. These hive
been ~ bitterly experienced by Russia in the last
100 years az by any other country In the world
The persistence Of the evil effects Of auch cur.
rency system arc woll illustrated at tho present
moment In Russia. Tho ratio Of discount Ia St,
Petersburg hns advanced 10 II per cent, and great
uncertainty prevails iu all departments OF trade aul
finance. Russia has for some time been exporting
the gold held against !ts paper money, and although
nn rapidly ~ the gold ia withdrawn from, tho bnnl
an equal amount Of notes arc burned, confidence
remains disturbed. Tho remembrance Of the
many past mutations Of the paper money OF Russia
keeps alive an apprehension TINT in1aton will bu
repeated. In this wav, commercial, political, and
financial cmbarrnHsmcuts rcsct upon each othrr and
complcate tho situation seriously.
THE CONDITION or NEW ENGLAND INTERESTS.
The Boston JoHrr.alof Commerce says;
ua1fer and d1cs yet he tho ate Of tho mar.
~ e1ceellugy limited heuand for atocks of lily
r. IT.. = shny Some out short tn's snes III snpsaT
5 Gnt y !. fals t9 sppssE Amo,k;aE Isvne
T. sD, u.s. Laneassr n ,; o79 to ,S9 Mc!nsck iaG
e a. Uosheco ~, !. unchanged at ?oa sad York
advanced frnH1 l3U7H Sept ~ to IJ73}2, ex.Iiytduud
$4u IN kUlt tew better 1E Ni0l4 hut ilGFn
Il decided lack Of aitl4attou 10 the Haskcl,
GOLD AND GREgNuAUKH.
Gold wns 10oh s1o9:s In gsccnbacks.
Hreenbaeks wcro 01 ss0olA in gold.