, 1876-12-23
Transactions In the Local Loan
Market Continue Light.
The Receipts Of Currency Nearly
Equal to tho Shipments.
The Produce Markets Moderately Aotive-
Provisions Easier, with Less Doing,
Grain Generally Stronger.-Whtat Somewhat E1.
cited, but thu Improvement Lost.
FINANCIAL.

packers paper hAyo been heavier, and most or tho
banks have their discount lines comfortably we'll
Glicd, although they have not toAuna as laFge
pro1orti0n OF their resources ~ they sometimes do
III active times. Tho demand for accommodations
lrufn other borrowers Is only moderate.
ftates Of discount arc 8Q110 per cent TO regular
customers, with special rates IN special cases.
business IN the street very quiet, With rates at
per cent and upwards.
New York exchange WAS sold between tue banks
At 75c8sl. 90 per 81, 900 discount
Tbs orderA for currency are large though not so
pressing 40 fortnight ago. The receipts large.
The clcatugs were 81, GOO, 600.
THE DECLINE IN SILVER.
Silver has fallen to oB}i pence per ounce In Lon.
don. Tho sales by Germany have depressed tho
market, and this may be expected 10 occur when.
eyer the price rises sufficiently to relieve that
country Of any apprtc1ahlc part Of tic luss It Is
now suffering tn selling In the open market svcr
which It has TO buy from the German holders at the
old.fash[ohcd ratio to gold OF t65f to l.. Germany
Is experiencing great tronblo with It's gold cur.
rency. The new gold coins circulate in tho En-
pire side by aide With the silver %ti exsant and at
tho now artificial ratio Of 1871 Ia L. As long "a any
silver rc1unna IN circulation II will DO constantly
gathered together and exchanged 1t this rAsio for
silver, and then shipped Out. In other words, the
present legal value Of gold IN Germany being Ices
than It's market yaluc 1t Is being constantly ship.
pod out Of tho country.
rs. o.r.,S,'',.s. o." ~ ,
~, As'' ~ w. !s'ae ~ lno !otn
..ss. ..s.s .su.,xsu ~ ~ aaanena co1umn thaL
parties seeking safe life insurance" A core.
spondcnt, "S. U. S." objects 10 this that Il Ia
unfair "to honest and responsible associations"
andtlat "the question whether tho returns aro
truthful guides depends entirely npon tho chAtac-
~ W. w SrS''','S ~; $"e''i a''a seithJ"H 10 tne'&
tnr IN ~. ,os.t .,nsh. ~, As s.., s.'1 so"saaea M
- - % ~, $50 N'o'"o7 Nne Pos'.'o" VI tHo
..hs.., a., .a.aase nH.e, sohpaniss cum 70 oo
.,.. "o".e. a"n 'eopo"so'o nnso.alons' aha inc
s NV, ~, .ae,f e's.emen's u A.
WE , III atsr 'asy naso nn,ef'ea thclr
s"". .ts ,. ~ oM'u''n'en1cas' "ho
lind them out I'LL nf.cr tho catastrophe, Tho
in,nortnnt no}nt IT, th.t thc nen ,vbn lin ..,s
mcnss arc tho ones who arc to proat by them.
The whole tnsntance hu-Inr,a-,nic.d NM, ~ ~.
the country rsss unan Se
monsi.ousIy unwholcsoue basis lint tho nub,fc nrc
~ thssc rart,es WIN ~
.1"ao,r" NJ. ~ ~. t".;. - ~ s'vm sae pnohe 10
whole nystcm Is confidence game, Those WIN m yht
ohavc mo., IN NV nnL go, ~. ....s.,'t
,hat hns contributed the 500 600. oo to wh.cl ho
,.un,,,.tt,,, ~ ", ~. ,..,..s @ ~ "'s" 'a'
., .1o .t companies now
NC lnanrahec, ~A''c those VINO receivc tho money,
t-..nr,,t h,,tiJi,,,,. ,utth A. ., '" s~'
bc,y,cV do nii ti,r ,nittpo o,d H.. a,,u. ~
r,,,tt.,,n, ~ T. t,,ra -, t..a. IL s.' ~ .4so