, 1876-03-24
FINANCE AND TRADE.
No New Activity in Local Flnances--'
The Demand for Loans Quiet.
New York Exchange Wenker...Collcc.
lions Very Slow...Clearlngs,
&8,000,000.
Irregular Produce Markets Wheat Oats,
and Pork Easier During tho
Regular Session.
FINANCIAL.

financial situation Ths demand fur losns continues
qntet, t,snd IL decreasing anil thcrefs growing surplus
OF f1oanAbto means Tho staanation OF country ttado
md the mud-embargo country travel MAKE IL nee-
tssary for lie city cu.toEcss Of tic banks To continue
10 aak TOT accommodations. Now that tho packing
IL over An operations CT tho Board OF Iesdc
hAro diminished to A. low pous, comparatively, ~
lhey hAve been for years. the commercial and ntace-
laneous PAPER offered IL insufficient to keep tie oaus-
Ablo funds Of The banks tu use.
1atea Of discount Tt< 10 rrr cent 1t tho hanka.
On tho 4trce rates 7a1e Yer cent, and business
hquice.
Now FORK exchange vas weaker. and sold between
banks At soaCuo premium for $1,000.
Tic country orders for currency were few.
Tho clearings wers $1,030.G0o.
INTERESTING TO nAaKA.
Tho Collector Of Internal Revenue for tho First Als-
touri District LAS iasucd uoticn to Tho g. Louis bauks
hat Is directed by shs iou. u. u. Pratt, Commits.
I,oner Of Internal Revenue. 10 demand Of them "an-
Elemental Frturns of the average amount Of certtcl
slecks fssucd by your hank during cnch Resnanunnl
period from juno no. 1861 to date, for tho purpose Of
ia1aton.r Twelve years ago, In 1851, the act pro-
tcriblng tho tho bank tax circulation waa amended
by including III the circulation " all certified cAccks
and ali notes and other obligations calculated OF iu-
tended to circulate or to he used % mon-
ey." This amendment lay unno.iced for Two
5tArB. An lttcmpt VA then malo to enforce It ~
1ax upon Iii certified checks. Tho reR!sAnco Of the
York, Dosson, aud Phale1rals uaak osicess went to
Washington 10 protest against this evidently unauhor
lied application Of the law. The Secretary Of tho
Treasury and the Commissioner Of Internal Revenue
received the delegation and decllcd thnt certified
chcck1 and similar oGligltIons not ordinarily
lssuel l1ablo: that they taxabe only when Is
sued 10 circulate money. After having been undtA
lurted and uudisputcd for twclvc years. a question
ls again brought forward by tho Washington aushorl
ktes who propuBe to give the law Rn Interpretation ev
identity unauthorfzed and oro than this, propoIo to
collect Ihs clfcnlationtax on al cartiAea Checks,
notos, md other obligations issued by MI the banks III
the country In tho Inst Twelve yearsl
TIE EASTERN MONEY MAnKEr.
Tho Philadelphia Lsdgtr Says:
Thcro Is continued easa III tbs money nlnsle ut rates
eurttt for the Inst three four hottAs. Tho hanks
sul bankers little cautious than they were
btfoEo tic fa!lute Ut tbs New York State Link l1at
week, and now tleciue srcoua aui thirIrao papcr
1oa 0 u &
be obtained tn or out Of bank At very low rates. hut,
unfortunately there few borrower, for tue
that there IL very little Of enterprise or industry
gagged III producing fur future MARKET Until then
The " Centennial, year ias brought little of buoyancy
confidence. BlsInsHs generally Ia moving In uiee
gosda is eonaued Wholly 10 1he iegisimato xants ot
ronsumera.
THE FUNDING I'LL.
Tho Washington correspondent Of tho New York
AAEF 4sAk&iH HAA E4HFNAdGA AQG E0IlNItGa OL NASH
and Aoans OH tho Funding bill. I1o comea to this
toncluson:
That It will probably pass, authorizing 100000 600
" per cent hirty-yeat bonda sG.o per cents
htty-Year tonds, anu . mobilization OF tle Ehkauu
Euua 10 suit Tho authority given III the proposed LAW
Il will 10 understood ttt the snktny Fund 1t tho rats
pAyiug ii would extinliah tue boude4 debt
Of the tea htatca in twentyae years. In that case
It would 10 useless tu authorize yycar bonds ana it
T. Erspo.sd 70 modify Tho sok,ag Fnnd ny ,nalius
very anxious to kill sAs Lii.
MORE bILYEA,
The Paris dispatches Of the ID inst In Tho London
Times aay:
y. Leroy Deaueu, In tho Dsoots, urges the adoption
q 'he gold standard W the Latin Monetary Union.
He maintains that tho iitauon Of the yyer coinage
L row palpably lnsui'ciant and lwal1s Tie danger
French, itaian, o. neIgan Singles Of he nroeT @
weight nd quality, aud ineapa1io Of being dssstu-
ates, would hsve to denone,iza s00 Voo. u silver
6ut WITH tis steadily increasing depreciation Of TINT
metal every years. delay would make tho cost Of tha
tpef1tjon nlpE4 RaT5Qua