, 1876-08-24
FINANCE AND TRADE.
Tho Produce Markets Moderately Act
i've, and Mostly Lower.
Provisions Again Weak...W'leat nnl
Corn Turn Downward.
A Few Words About Buttor.



slowly, It IL truc, but With gradually increasing
forcc. Nearly all elasscs Of the people havo becu
economzing closely since tho panic Of 10 and Tho
amount Of capital saved thorcby and deb.s lqNi-
dntcd IL truly Immense. The brokers know more
ahout this matter Of saving than any other class Of
tho business public. One Of them reports that up
10 and during last year scores Of thousands OF dol
lars were invested by smaller dealers and 9th.
ess who would not bc suspected as having any sur
plus funds In city, country, and other lands. Men
doing business In Easements md small shops would
comcin and invest their $500 or 81, 600, md lay
Il away till busIuoss begins to revive. Whcn that
time CONES these bonds will come ont from their
hiding placcs and and thcis why Into tho hands OF
capitalists who viii bo glad to get securities that
will pay them something nboy0 2 to . per cent,
while tho money paid TO small holders will seek
the chaunels OF active bustness. The aggregate
will ho found ample 10 give healthy stimulus to
ait departments OF radc. Is 1t not likely that to
men 0! smaller means the public mist look for
The revival Of trade rather than to larger capital
lssl They become provcrbably enutEous and aro
is qho.o unwilling 10 hazard thult large fortunes
wllcro there 10 any possible chance OF loss; while
those Of some but moro slender mcans know
almost by Instinct when tho lido turns
md courageously tako advantage Of II
SO that In turn they may becomc
Tho controlling merchants, manufacturers, and
capitalists Of tho country. Competent and we'll.
Informed authority assures Tue TRIBUNE that
thorc is vastly moro capital laid nsldo by Chicago
parties than any ono not having inside information
would suppose. This capital Will DO turned Into
tho channels OF active business Whenever It ls
tain thas "bcl-rock" In business affairs has bacn
reached. Our shrGwdest observers must bo at
fault II business hos not passed tho lowest point Of
depression, and "bcttcr t!mcs" have not become
apparent in nearly IL not all departments Of trade
Tho !ntrnao heat OF yesterday seemed 10 forco
,be lcthnrgy Of ST.. Louis over Chicago bnsiness
In In Tran 10Nh orNn nj
mainly to paying checks and other coun.
Ter dutics. Cashiers and clerks were alike
.'pcclcd down" to the smallest amount
VI c!oshlng consistent with dcccncy,
and brssis Of cool fresh air wonld have been
welcomed III q large prcmtum. Discount tatoy
ncfs usual, SOLO por cent, with very little do.
ing At any figure. This for tho mercantile banks,
,vh!lo tha packcrs' bsuks arc glad 10 get call and
short.t!me paper with Improved coilatcras at per
cent and upwards. On the street there is scarcely
suough doing to mako quotations. They arc ~
heretofore nominal at per cent and upwards.
New York Exchange ts still weak. Worry few
transactions were reported at 25Gb50e per 81, 600
discount Tho lower figure was really tho naual
rate, Tho demand from merchants md othor Gus
toners Ia tight.
The clcarlngs wcro Sc, GOO, 600.
NEW YORK BANKS.
The following Is an analysis OF tho New Tork
bank toalH OF last week compared With that Of tho
previous week:
ES& /; 81 I: $:ss1;;;:$
B;: B;: ::$
t!;sis;S 4s4S IS $:s $:s Es5s
nEPuNp1NG T1R PUBLIC DRDr.
WAsn1xGrox, ~. C., Aug. Gothic NcfuntlLng
act OF July II, 1870 under which tho Secretary OF
the Treasury is authorized to asuo 5000. GOO, 900
in bonds bcarng Interest at the rate OF IN per cont
per annun, provides that tho bouds 10 bo iasucd
shall bo Of the denomination OF $50, or some mul-
t!p&e OF TINT aun, .''rctcemallc in coin Of The
lthcnl present standard vnluo ut thu pleasure of
the Un!tea states stter fteen yca.s from ~ d4.o
eon,,,",, From the reclamation clause quoted aboyo
lhrse lgna. at ths time. they Viii bo redacaaGlo
1901, and not 1Aa9, has been crloncousiy stated
In dispatches from Washington, Tho bu,tds viii
ns au b sf yss 5 s ass II as asudas 81 isss s
.ashosissd ti,s asan u per cent Son. speeded
300 to siu, ot9o, QUO, upd Inade lhs INTEREST all
bonds authorized by the original act payable
ihsss points ars iii tlat the supplementary uci
provides for.
Al the q pei cent bonds ,s, now outstanding,
Isds'SptlSn before \ ssll L Issued lot ihe { per
w be tsaesncd % or ti tisiaSdsl Seiota thS S fast Ss
comingi.i per cent bonds can he called, thu ad-
Ps5,naHent aud pso.a5ls ipvssas%.s = S Ths sst u
II bonds bearing ner cent pur aunani. there Gonds
10 he the sunni in ull othcr Respects as thuse bear
HI ss nsa 5as e y Ss s y a
The supplement thereto arG far the specific purpose
otrefalidnE, beth asts providing llis no aalhorI.y
Nothing dean!te has yst been decided upon BY
the SECRETARY Of ~ Ttsasary u fefcionce q !
ssHS sssn s psu S: &c @ E sa.sy S9at IT,
a IN I'D s eaksfs ~ nSt ,S Ss s e to DO
vIea or IN e act aatoezns III D' tasir itsae wheh
requires te Secretary to dlsposc Of Tho bonds .ai
not cas than their par value. tor cotn,", or "hu
par" T,u et1ort Of tho Secretary arr directed IL
securing, such arrangements rs wifi guarantee thu
rato competent u s4ccesstally carry out Tie ar.
rahEcmtnt tU be mnlu. The expense OF placing
.Ae bonds ss limited by thu Iscfandius act 10 ono:
ha!f Of one pct Cent.
A correspondent Of the IJH 4udN CASTLE u1akct
.careus uaalysis Ut the French budget, mud clo,e,
~lta the following paragraph:
81 1 a r s ysa op e n'
y s III II f. x
~ s' ID = ,stas 'nS'iy iyns ha's Is III
@ q as adSSs II M S''SS W uasn Y svo Hn II
wstss IL rss wsru sss oaIy :'S sSG aSs9.
.fssAss st sot "a ths "e?ss.S Enf' u Il,
stns s sEay .vs ssy lex xS
s4s..sa ss ssrySa a'' of stock iss "
So much for other nations buying eowgnws an,
winca of tho French Thty arc now the only csyI,
lied people earth entirely FREQ from the eject
MI 6yt tFnI inns HnN s&Iu