, 1877-03-21

Outside Of New York there ia no gain, bnt a
Ntmall loss. For this somewhat singular incon-
-sistcncy OF movement 10 satisfactory explanation
appears. II may be that IN Improvement In busi.
!eas Al this season 10 reflected trst In increase
tFanaact'ons al this city and Boston, where Tho
Wholesale purchascs arc chiefly madp, and ouiy at
- later date results In large transactions at tho dis.
;tftbntinx clt!cs. Dut at boat tho ciearngs for q
tsinEle week form sufficient data for Important con-
ILLUSIONS only when In nll In nearly all The cities
evidence appears Of common tendency. A yet
~ can unly ho said that thero Is very good rcason
lfur encouragement in this city and Bostou.-1ne
Puddle. .-......
PAYING 1ETEnEsr on OPPOSITE.
/, A Philadelphia correspondent Of tho Public.
(which Introduces him hs "nnc Of the moek capa.
b'1 aud distinguished bankers In tho country"
writes to that paper in favor uf tho abolition Of tho
irsymtns BY the banks Of Now York Of Interest on
'',pn-lts. This interest hns been the tpdpcen,cpt
1or lhs accumulation "f largc balances In Now
lofi by outside banks. They kucp themselves
weak at tlonic. aMd have been once, In September,
'1ai', exposed 10 a iock:up IN New York. The
o4ion 1llrfffisfr has more than once warned tho
tan"ers Of that city that they wcro running rlsk
tE keeping their funds In Now York. Tho IYtlic's
r'titvs"H'lrMs knows Of more than ono bank TINT
bid Withdrawn It's rcscryo from New York.
THE rNoRlT or corroS.nAls,Nu.
Tie Financial Chronicle Of March II has IN
Ast.cte M tho rokt of cotton production. II be-
'4eiu1 she surunFpo!nt hns como 10 TINT interest,
a.! That the results of tho year prove thal cotton
rn he raised proatably in the Southern States at
ptc+ugt prlccs. Il cites the sxnercnco AZ n1nn,o,
iu Southwestern Georgia who nm lid p]antation by
NJ ovcrsser. of course tho most expensive way.
liz raised IL, 175 nH. which netted Aiu, ST. sos TO-
Tic tbtal cnst Of the cfon war S. ll 1caynv hin,
profit uf 81 5lb. TO- Had the crpn been sold Inter
II would have realized sbous 81, 600 more, II ho
had lived with bis family on tho plantation, and
done his own overseeing, tho pro1k could easily
have been doubled.
Tl1R s,LysR MARK.r.
Tho London Eeono,of.t of thc M ~o,c.,,. INV
pupportlon TINT the recent drc1tno IN silver "a,
caused by larger sa,cs nv u.rmany n ..,..
The price of src. ha. not aerIs)Iy rec"yrrr, th,.
week tho aIntatlrn be!nE to-day 3G1i va ner ounce
tsh%,eI 10 IL rest I'LL so ~ ~. fsrrtMy r.
1srinf ~ Inla VII 10 Aken IN 20 economical way
ths ne 1g S - 91a1S 4n - - !afR9 @ t1nn ir
s!1r. a. had heen psovtousy calcH.aul uton. but TIC
nsht Si ea liz ehef sso ~ ~ paa i3
Tua 1oupoY MONEY MAuxr1
The activity In tho London money martct anil
the advance In the ,o,ua ~ .nnnnx ~ ~ ~
London Econo,nlst, Of tho ID lnat.. 10 IL, tsmno.
rary. Private aua laler slyIces rcceiyrd In Nav
York from English bankers arc TO tho ef1ect that
business In Great rita!p IL ,mnroytnv and I'M, tho
better demand for ,oans IL maintained.
I ruH uAaR Nv ru xcv
yb, ,.,r-, ~. n.n,, -, r"
eudsag March hAows that it, eaah and bullion do
creased from STAG, QUO, 900 10 $4t4 600, 600. and
discounts from s1o7, 600, 600 to tlo3. 600. 600.
non oon -. ~ =. NJ @ on 'ussessca tfoM eos.t.
oo'ooo 70 *a2o, boo. COO. Private deposits fol
from sso, 200. 900 to s76. 400, 900.
The pa,,. corTssonnion, ~ ~ ~. Iena,. n.u,.
teleg.aphed ou the 4th Inst that n. ccnuscht had
thtS rAkf nknI,