, 1876-01-28
The Characteristic Features OF
tho Lonn Market I'm.
changed.
Westward Movement Of Currency from
New York.-.Tho OlearingB
R3,500,000.
An Era OF Prosperity Dawnlng IN
New York City.
Provisions Acttyc.--Lnrd Easier...Mcats,
Sirong...WfeAt Flrlher...Other
Breailstnfts Slow.
FINANCIAL.

Breadstnlls SLOW.
FINANCIAL.
Tho loan market exhibited to nav rolnst OF inter-
est. The offerings Of commercial paper aEcrsged
nbout tbs In quantity and quality "A for ee last
week or ten days. Tie discount lines Of tha anka are
relatively high with rtgsrl Ia deposits hut Low gehtlvc
y 10 Tie loana nt this period last year. This II din to
tho heavy loss IN tho last tun months In deposits. both
country and csty. 0snnry leposts hzEe oecu drawn
out u pnablo the country 10 carry s produce And cat
tlr, and city depostta hAve been drawn down on ao-
count Of tho rxornsss Of collections. The current de-
mans OF tho ~ustorncrs OF tho banks a. much as
they arc In condition tn meet. The country Ia an ap
pcant for additional fayora an rcncwala Of naatut-
int paper are freely sought for.
Rates Of discount at tho banks are from aGs10 per
ccut. Tho ]atcs lng the ruling fac 10 regular bor-
towers
On The street desirable commercial papar IL scarce.
nstes gro seslB per cent.
Now York exchangs was weak. and sold at q discount
Of shipping rates.
Currency orders from the country heavier. nnd
balances III New York worn drawn upon to moet thum.
Tho eIcasiugs were s3,soa,oo0.
AN Ella OF PROSPERITY DAwN1sa ON NEW YonY.
II Mt I.iinr ar 7As catrass Tribune:
NEW YoHK, JAM 25.-Thn Western wa7e Of pros
postY already manlfosss iselF by tho rIrnnE OF the
placid bustness oaln that has 10 long continued III
Eastern cittek,-unt no great Ra wo should like. but
Indicative enough that tho surplus stocks prior Ia 18i3
aro 1csaanR. and tho consumption OF aock Ill
crcsstng. Standing upon broadway and Maiden Lang
OF city, Aaw number OF nr1nstAkabe 1fctlcan
,uustapgs their way from Southern steamer to the
horsr-nurke probably at thu upper end If The city,
almost Instantly followed by Southern tobacco, and
t.t II, Its turn by Western -four. little lower down
broadway. New Orleans cotton and sotuo Kentucky
Ao5sheaAs Of tobacco, nnd presume had nothing
to ,lu and plenty Of tic 10 do It In, could bare found
~ shs sa,es o ao uh,on, so'o%aos Tue ha."sa. n~s
foreign market for consumption. 1t has agurat!sely
passed through is business apprenticeship, from b.
uc cuatomer scctup cTc1it' 10 lint of furni,htno
credits 20 ia customers. Tue nature oi ~ business
also Is alovly but surely changing into that OF anan
e1,ors nmf h,,1s NJ a,chsuoo -,ring IN ohsr clt,e.
~, $500. - ~ s,.r., ,r.t - ~ =, sa ,m
ta'o o"e'ncsa ot ala.lpnt'oh rms ttet eareeanS
busIues, doue ty yo1,r Wholesale merchants coupc,
IN, r.,,.n INGREDIENTS ~ , a,m,I,, ir.nc1, n taLe
,au a,,o anI w., ,na, '. - ;, ra,.in ,aio
notaca RdFlee aha 10 "e'' u t1ey "aa 10 setain
their customers, or remain Eaat and bocouo Import
cra for Western wholesalers,
taat II can no longer oheF tue Inducements OF gsea
,aep teps' IN .t, % a !, seas nsh
IL a1rea,v ia hirer than aimar or Kindred nronorty
Ionaon. ~ can no ,onRes oaeI n 10 'he sn. 'saase
nb1e lin to grow Into lro ono; and Tho result can
bs found I'm ayery Western civ viz. Esatcrn men
crow1ni onl bocsn.c tho nront. f.as w.ra becom,n.
lesa and less each year. whilst competition was In
creasanR. New York haa within tho past two years,
and auce tho ptnlc rccrlvcd humorous additions from
Europe, who. In following tho trade ss IT
went West, have 'mado Now York thois homo,
In