, 1876-11-03
The Board Of Trade Settlements
Increase Counter Transs
actions.
New York Exchange Wcai1---Light
Dcilnntl for Discounts.
Tbs Produce Markets Rather Quiet'.-
Provisions Firm and Steady.
BreadstulTs Tending Downward, and
Some Of Them Dulls
Gh.at Declining under Rumon TINT The lrnistles
Lad Deem lgretd TO.
FINANCIAL.


FINANCIAL.
This hoard OF Trade settlements Increased tho
1carings OF tho banks, Largo amounts Of obltEa-
ions wore transferred from one Institution 10
.npthcr. and a considerable addition was made 10
tic rpuilnp transactions Of tho banks. Not much
Jaw paner was made, and the discount lines Of the
nanks have not mounted mp rapidly In the last
week. The supply OF ]onnabto funds ID ample 10
meet all requirements and thcro hns beet, sltght
settling Ia rates In the open markot Applications
are received from tho country for moderate
amount Of rcdlscounts. Trade fs faift but the
otFettngoi commercial, manufacturing, md mis-.
ccl}Aheous paper IL only moderate.
Rates Of discount arc sdb1o per cent at tho banks
to regular customers; special rates arc made In
eomo cases; on tho street rates are per cunt and
upwards, with very little busiucsa doing.
New York exchange was sold between banks at
.5lsoc pes 81, 900 discount.
The c'tarines were 30, zoo, 600. ......
THE NEW YORK IlfK-1NsuRAacE coNrAnIes.
A much, and peslaps more, excitement prevails
in Nav York over tho fntlurc OF tho Continental
Lifelnsurance Company and tho rnntoEs Of dlisicul
tlej In other companies "a was excited by the saw
ings.bank failures. The Now York papers arc
calling upon the companies TO protect themselves
from the popular dIssrust by giving publicity to tho
real facls OF tho!r condition. Even tho con.erya-
The companies will, Of course, pay no attention 10
1t. Competition han not yet been developed far,
and public scrutiny has not become 10 keen, a. 10
compel Insurance corporations, or any other kind,
to Let Investors know what they arc Investing In.
This viii como in a higher etage Of civilization.
rc<haps. NfcanWhitc, tho officers Of tho insurance
companies arc filling tho MIR with protcsatons that
everything ia all right, andtt Is 10 bc hoped It Ia so.
NEW ToRK CORPORATE INVESTMENTS.
The National Banks Of Now York have $40, 0o0,-
600 Invested In Government bonds to secure circu.
1a,ion. A year ago thoy had SsU, 600, COO. Tho
total amount Of Governments held by tho banks,
insurance companies and trust companies Of New
York is now $3.50, 020, 3.2, against Sis, rlO, 3+
last year. The same corporations hold 500, 49,
MI to $205 tG2, Has In real cstata bonds and mort
cages, and their ,otal investments arc now S41O,-
AGO, 378, against sio2 273, U97 tu 1875. The saw
1ncs bauka haye added So O0O 900 to their invest.
tncnts In Governments.
TUE CENTENNIAL AND BUSINESS.
The admissions 10 the Centennial hayo rcached
upwards OF 9. 200, COO. How much expenditure of
monty for raslsoad fare, boari In Philadelphia,
aud the like, these admIshons represent can-
not be definitely stated, 1t must be
lsroc, ,ol,v sS5 ma ooo Th,. ,n.n
would have largely ronc into ordinary cxpcnees II
there had been no Centennial, and wopld hive been
rucut an f,rnturc, c|oihInr and other nrrsnnnl
and dome str mn,tsrs. Thi. il GOOD deaf Of monrv
to lake GU: of trade. 1t cannot he expected that
buslpsse. inside from the great lines Of travel to the
Centennial, should bc as active IN II would other.
wise have been On tie other hand, 1t n,ay be con.
Aacntty rrellcted that all Kinds Of business will
ultimately feel some bricGt from this vast move
Inent VI men and money.
SPECIE IN rl1E nASK RESERVES,
The nortou Commercial J}utiefR comments IN
the financial results OF the growing prcponleraucs
VI our exports over imports. The BALANCE IL
largely n,lhr good to lii IN gpccIc, and