, 1876-10-27
The Clcnrtngs Lcss---New YORK
Exchange Not So Freely
Oncrcd.
Tbs Produce Markota Generally Tanae,
and the Leading Depart
usats Easior.
Polk Wtak-.tara aid Heats Dull...A Further
Dttiiut III N'htat and Corn.
California Prospscts.-.r,iverpool atata
tics On Frpvislona.
FINANCIAL.

1nrntWhht IeeH QctlTG. luz oeHa'o toa sN&so - |
ohty modefatn, but 10 BY no mcans slafs. tbs ns'
frrs frof the cauutsy for currency ass Hight com
pared with their voiurc a week or two ago. 1hc
dcp,aaa 1reyn The aame saurce for loans continues
heavy "a Il woqld not be likely 10 let up whllo Tho
currency movement was growing lighter. Ihe
supply Of nerennt,ls aud m!acellancons paper -
MT A,ss enough to abaorb hl1 she aoanab]a FssonF'
ccs, Int thers Ia no more surplus than tho oaaAa
ca.e 10 sct In ylcy Of fu.ure requirements.
Rates OF dttcouht Atc Bdtl1 Per cent to regular /
cns,pmprs, Special rates arc nhde In aose easea
10 Independent 0ntssde hottowcrh. On lilo stfeet
rates a,p 4 psg cent anu upwards, and the supply
Of paper Is light
New York exchange wns quoted At 7hc0$l per
81, 900 discount, hut ia not 40 freely offered u
last week. !
Thc clcar,nes wtse 81, 400, coo.
rua doLp.surrLr.
Tie company Organized ia Sun Francisco 10
work gold nlnc In Chill hhs nut With grant sHc"
crAa The deposits are found tn bc lasxe and rich.
A d.teyer OF tho most pronounced tyTe mas
broken cut Ia Santiago ana Valparaiso. ana II bo-
llavea TINT Chill aud other Slhtes IN Snnth AneEsca
Wilt add greatly to tho guldsaip'y ThIs tart. be.
sides fl Immediate interest. hns this larostance:
that It tttustsatcs tho uncertainty Of The gudsal-
bly, There cnn be no scientific certaints Tint the
gola standard wilt ba stable, whAe vna.1el0s o5
unknown riehncss remain nnesplosta ID South
America, Africa, and thu Black l1itla.
TH& NEW YORK SAf1Hto Damn At1h4LAa
The Ia5]pre Of eleycn savings banks IT. New iOrk
Within conparalycly recent period Is an extrnoF.
l1pary occurrence aud ia rendered marc exisaur-
dInnry by thu cnnrgeh to whlcA we have alrendy
referred TINT hnse bern nada against nank Super
intendcnt Ellis ty tho lsoceisur of the Mechanics
and finders Savings pank. Mt. Ellis hns made
M elaborate answer to the charges, anl claims
tint lie did all IN hls power to protect shc deposit"
ots. Tho awkward faet rema1nx that, although lhs
hr.d ~ otcc created to reguasc thu savings aauk4
Of New York, and was vested With extraordinary
powers for that pMYpose, 10 allowed cfeven banks
II tall, and fail baaiy. No eAMtEGrati1n by the
Superintendent Of the stops he tonk to prevent tu
result pbl3.cratce 1hs result which stands un thu
records against him. 1fe sttuaion Is complicated
by tho discovery that the Governor ennnpt. under
thu {nws OF tho State, remove the Superintendent.
Under Ms Ella tenure o hts nfce the savings nauks
ofkew York hQva talu1gc.. Ia almost every known
form ot maInd,ninlstsattou Of tue funds deposited
WITH them. Thiyfact aIds to tr abundant psNosthat
state examination IN na protection to The public.
1tts wursc than no protection. sar 1t dcludcs the
paG!tc.
CURRENCY AND BUSINESS IN CALIFORNIA.
The volume Of renay cokn un the san Francisco
market IL exceedingly nruu, nnA although Tho rates
hre nonainAl}y maintained at 1Gl14 per cent
MGutly tn commercial. md Hab12 per ccst per
year In savings tanls ne know TINT largo sau,s
hsro been }ua,,eA nj SG0 per cent pur nnnun,. and
thirty days touns at 16}s pet ccHt. Ia attc, the
State Of California hab ncSr- hcen moro !aytshty
supplied with cusl. than at tAa psescut time. while
avy aud superior cruIs Of nj, kins. tho Increased
yield Of our mines, nWA tho multiplication nf uNy
manufacturing fhipstytes. by seAson of Which VIC
nrc ii, moru independent condition, tudcatu still
yrca,sr aAyanrcs IN matcriaf prosperity. -san
ttuaciseo tonu'f'eiai Ifra'd. ffs ~.
uASEtSa WITHOUT RESERVE.
Tho abolition BY Coassess Of Tic fesesFe an the
tf NnfI11ii3 3wNisN fnft u GfTrf
Ae 1snstnn Commercial Dui3eftn says. Of eualltu
oanks 10 get aious with Hills t.o rcscryrs. 1t
imposes the casu u National HAnk In tho tutc-
tidr with circulation u 3!gU 200 aal deposits bf
700, DO3. its 3spasls VIII. the Redemption 'ureau
~ ucr cent Of liz cireu'Astoa would ha Sl0, U01.
This car be deducted, according to a recent de-
slun o tho Co.nptsetser, from! thu ii per cent re-
Aerye sesurcd against deposits, The seeervo oa
tNO, LOO Of deposits would hc ~, 010+ Making tic
deduction would atfow tho bonk to run along with
H. 1 seEcesu leas than noNe. This, Of coAsse, IL Il
.urpostsN0us case. 1t may to safely tnd thntthete
.rr few cases. pert1Aps nu,,a, liz Which tuseryo ID
sept slmp1Y because thu inv requires 1t. An ade~
luate reserve IL Indispensable 10 tue sascty u q
,anS, and in tpt ths !arger number OF cases thu
tmoun at the rcucsye IL In e1trss OF tie Requires
ncuts of thu sa~.
HOW 70 RAISE THE PRICE or PETROLEUM.
Tie Ftttsburx Gasstt< u tdn Gath inst. hnx III.
artfEo pointing ou1 tho advantages the reGners of
petroenHt have GY Combining IL keep up Qsiceh RHd
Advising the producers 10 udopt thu eaine tacca II
aataia tho saMa beaeat. Thls business OF coliIs.
nuton WIS carried III fur III It tuaA ba by tho cot
companies, but Aaslly brokn down. Th3A did Hp
happrn Till n,any m!lllnus Of dollars had beet
oockescd by tho coal Companies shat wauld othrr'
Eisr have continued u circulate ~ capital aMaaHt
The people, Thu 1asktt<, md all III.
psotcct!unst school, consider th.B sort Ut d.
ycrssor Vt ,uonry from tho hanas Vt tin many th.,
those Ut tho few Tho highest achievement possib
10 g Legislature or combination of Individuals
hut tiu4o enterprises constitute lnunopostrs an'
uonopuIIcs. ~ 0,ubon llas said, asu uses ttbQr
;sN, lnzy, aud npRtrssive.f Tho Oft producer
aaye sern 4 good iiludtrat!on OF tho spttit d
a,unopuly In tic retue4t Of tho Pcnusytvauln ral1
sonda 10 alluw tho Pennsylvania ffpp Line Cola
pany IL ga uader Or oypr thatr tracks Witi ts PIP
shal ia tq carry oil from tho wes to tho aeaports
1t IL cestasa tAsl she producers 0f oil cannot max
lny permanent aIauee uguiuAt the public. but II
ipsy that .Asy SHOULD nut be suutent " nuke tlle
living, ~ most people outside oi Punnsylsan.
taye 10 d.. According 10 "tho law Of tho matGst.
GOLD AND GREBAnACH3.
Uo'a was 1o9a G le9N Ia gsasabacka.
G1eenbacks were al4s&t9l4 cents on The lalls
IN gold.
FaRE1dN EXCHANGE.
ssxty auv. Sfqh!
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