, 1876-07-16

This shows startling increase, botn III the
number Of failures and amount OF liabilities Tor the
six months just concluded, but attention Is drawn
to the fact That this increase mainly occurred in the
first quarter Of the year. Although tho hguros fof
the three months just closed arc somewhat hrger
than those in the corresponding quarter OF 1915,
tbeye is marked decline in the figures for the
second quarter OF the current year- In other
Words the number OF failures In the last three
months arc less in number by 1000 than In the
nreccding three months Of this year, while the
liabilities show dcclint Of S21, GEO. COO, both
items showing an improvement of over 40 per cent
This variation is greater than over before IN the
same period, and happily, in this 1nstanco, the
variation is IN the right direction. 1t appears from
the circular before us, that the average liabilities
Of each quarter in the past eighteen months arc
s1 0Oo co., 90 that the liabilities OF the quarter
iust closed fs43 0O0 o00) g. 00o 600 less than
the average.
notwithstanding this depressing exhibit the conn~
ry Gun readily be shown to be increasingly wealth
md resources, Tho crops have been good. and
economy, not alone in the narrow sense OF personal
expenditure, but in the restriction Of manufactur-
ing In buying and selling with caution, aud In re-
ducins indebtedness, has become almost universal
The personal and commercial methods Of e1traY-
asance that brought on the panic have been re-
niaccd by the most sober and conservative prac~
D--A1
RAILWAY EARNINGS.
Statements OF railway earnings, made within
two weeks after the close Of month, when less
than halt OF the usual reports have been received,
nre not OF the highestvolue but there fs natural
impaucnce to get s6me report whether complete
or not, rs early Us possible. Thus far, as our
tnb1es riycn in news columns show, only twenty
only fourteen for the whole month, while thirty
i've have now reported earnings for May: The
aggregate earnings Of B roaas ao f0f 0o Mny are
SAME roads dnring May, 1875, n gain Of over
pcr cent. Tile twenty -one roads reporting Tor the
Whole era part Of S99a sa5e = i9's Kin 1nog o
Ter cent, This would indicate less satieIactory
traffic in Junc than in May. but the complete r.
turns may, show quite different fesults'-1He
Public, july II.
EXPORT OF SILVER COIN.
Director Lindcrman, Of the Mint, has put stop
TO the export OF silver trade dollars, which has been
large, to sugar and coffee growing countries The
demand from that quarter Tor silver has been met
by sending bullion to the mint for coinage into
trade dollars which could be sold ut about 90 cents
currency. The Director OF the Mint has notified
bullion dealers that, on account OF limited ap-
preparations and the necessity which exists for the
coinage Of subsidiary silver the mnts will have to
conne the silver coinage. for the present at least,
to subsidiary coin. Therefore, parties dcsirous Of
deposting silver for coinage into trade dollars arc
informed that 1t is uncertain as to the time when
the mint may bc able to make returns for the
eame.'
It is believed in New York, as the Government is
promptly reimbursed for the coinagc OF trade
dollars by the parties depositing the bullion, that
The plca Of ''llmitcd appropriations is mere ex-
cuse, and that the Government has some other
reason it does not wish to disclose.
GOLD AND GREENBAcKs.
Gold was 111Qll11E. Grcenbacks were o0h
Me9afc On the dollar in gold.