, 1877-06-26
Continued Scarcity Of Good Nego-
"a liable Paper.
The Produce Markets Active, and Most
Of Them Ftrmer-Provisions
in Better Demand.
Hogs Stendy...Corn anil Oats Strengthens
cd by tic Storm...
Firm.


record IL bank hustncen. The happiness OF nations
TINT have no history extends n times like these 10
cities whose banhs mora onQnlct1y in tho old nc.
eusiomed way.
The supply Of negotiable rapcr continues 10 10
much behind the demand. The banks arc having
few profitable opportunities for tho uao OF their
aoanaGlo furpl1s. hcEntar customers have obtain.
ed about ali tho advances they need, hud outside
operators can are no chnncc 10 makc profit out Of
borrowed money.
banks tn regular customers. Tn the street the usu
al variations arc made on bank rates.
New York exchange WAS sold between banks at
bos576c per 81. 900 rscmium. &
The ciaaeinga were 21, O0O, 900.
BA0BHOT'5 LA8T WORDS on TIE SILVER CUES
TION.
4 summary Of Ms. Bagehot's latest views on the
silver question has been published in book form
under tho title. - Same hrticlrs on shc Icprecla.
tion Of silver, anu topics connected with It, 70.
printed from the Etonomiti." Tho preface to this
posthnmous work IL ~ follows:
venture to bring together these articles on the
recent depreciatlon q silver, anu on The recent
incomplete = view thpy give nf the cnmp!cx sub.
Icct, to which they relate. and how d's,gfeeahtc 10
Il, II could, would tayc rewritten tho whole
Of them IN nlosc ~ *tcnhtic form. lint have no
!mc Or ssrsneth at ~ disposal fot such ask. and
eluesJatc SONIC patts Of the Chain Of reasoning,
have addc'i the evidence, which ravc on ono or
Two Two rolnn oe!nfe Ml: Gotehcns Commtltce On tho
there Il mnel, shon!. ,vlth 70 tay n addition.
%eh sg; r sssySS't''" sayS md In A'Fsn'e or the Daon'
SO Tar as tho ahnrt experience which we have had
eocs, think Il confirms The view takcn III these
FTrs-1 consider that tho r!.e In the price Of an.
Vcr from lid ln.t summer to i5t1h nuw al.osya tho
preceding Erent fn!l from "a I'd last February 10 bo
on.5 momcnissY re- hccnient n "a new ana weak tnar-
tto"dm, Inn lean neo,ed III p H. .,nsna e.
the Countries that use silver AZ currency IL sIIn1
Mated ~ tta el,rapne.a here md In America aud
tast sotS r. IT, Gu ,ae iatG sppty CHINA has
hnI hetter and rcs,I,r nrsn: n r,o,t ~ na mas
Ronner OF latcs all ,her ptIvcr. cuuntres
will dG 40. acco. ding 10 their ulayhtudo and uppnt.
'nnise+t 1s H.;
WIKI "a .iahiish "' w" ''a" ps'i''''''ns "nie"
If these nre proved, tho nractlcal conclusion fol
1ows that It w1u,d In. nbsnl to make my rerra.
@ me eHnSes ~ re- ~ nas ae,am Suiney or taxaton
H. t"unr% ~ ~ H,.r ,s' .n Hnnses Luz Wnla
Anu though tis conciWson .iuys not nce,l sn',nafL
Il Il supported ~ our uncertainty NJ 10 the effect
o. INC l'eseasea !!one caIGrs uf our Indian toy
d,aM "tta, VITA. ~ II .xav .I; eSsu tG IN
Tried 70 oxrIajn, eomricates tho whp,e s"hirc "''
The fertility VI the now silver mines In Amcricn
not very elabor"tciy examined III there articles,
.yrry,i9, ,tn'. !, sh,,v ,h"t ~ mlA Ge a.. s
mines il likciy ,c fsr lrss tao hnt "a, turu n,r
thought. anil the difficulty Of obtaIntnx rxact
data Is m additional sca.nn for being very siSw 10
nnu " ~, am{ SnanEee lonnnen upon az hSnthesS ~
proyc tint lid nernnnent wilma nf silv.ssa. VIZ TMn
In rslatiun to Eoil or in relation 10 eo;nmotsrs nj
lafse-wlli canSr no much A to render any alter
II IT, ,,, necessary. ...-..-.
nrcr. nn"t H. a. ,st,p MS H va sent 70 th'
ficscd that Nr. IIaxrhot nj Snc timo coutsmnlaie1
making additions to It, but no 1nc,norands hnyo
Ao"'o" keoaa"''f "mf<' april, 1s77.l
The tcrort Of thu unrcau NJ s,a,i.,Icx r,r tho
Wv, ,,o,,h, .,,Ia, I,.rn m /. -, ..... ~ N"'
Aeomna,.on % IN, ths w.,c VI, .Imn t.n 's ono
responding period OF lH71 aurs nat cxhIalt my Jm-
proveurut, hut tAr can Il, ,aIuiy alscerncs IN H.,
'u'potts W. s"o NOM" u april Iaclf Total FH'uo
wh si.,u'o'4:i' aensnst fs'o. lou. s'2d for tho
same month inst year When viewed for tho ten
,nn.t -, a.. ,t,as, 49, ns... - s,.- .'eu ~, 'os
mo't W 'ae t.ae: Ihc ns"sss aso t3a' M. DID OF
merchandise inrOrts IN 1s7St against slA>, O}1,-
Nm Ibe domestic exports Tot Arrll, 1a77. wero
7su, 77h OF moro than 81, 0Fo 600 better than
'ho'o OF npf'l. ls'I, 3tL 7et, s'S' For shs 'n'l
H'uhlAA. Ito 1lo'ncttic oSpoEA were valued tg01t
yal"ehl al s'D'', f'', M, against $4'6'. .0lo,.
2oo Tor iha corresponding months of tho
nsea! year !H'o'-an increase Of so3, Si8, 0Ha.
Ihe heaviest hicrcast in Imports was In sugar. OF
Wheh sl@. oou.oou moro IN fa'ue was imported;
fho Imports of teas and cblces fell oH 4t1, ono,
ooo. The exports Of corn Increased $40. ono, 100,
VI, @hlie 'aose OF cottoa feli awaT S:l. mo. oo0.
ihefs WAN efeat cnslsneomeat IN tho value Ut pe-
!folaune cxpn1s, WHICH fo'e ts"n s!f. 200, 0o0 n
~. ou' wv. lacon anu hatl exports tnrrcAscd
Slo. WV 1Asa. en- ooo'ooo; mud leaf tobacco,
u, 'ooo. ...... ...
WV. tssa" '" '"e 'uaa1e OF railroad stocks, tho
~" Ao'~ 1'se""3 1oss saFs III ~ aaahclu!
eD,'u", m,'u
,.rrr, cnnIni ,,lss fot " M e1Heetea TO-
rs,r,in,, - @ a"''u1a s'uehs uat'HA Ihe
ruad th.,nvant The rt,iIutry thcrs onrnt IL r." nm
considerable ftso ~ urice4 IN te next si1 months
d;mae{t y, nsS ngao~ tms asrta1e Or roor, It will ba
as lis as psfs!.trni and rosnt ops snsa t
mentioned. Of caurre ihrto ufe uthsr tnSusnrcs rcs
to ~ taken nfo account: such rtlata to railroad
Management icx a r., ea ane lhaurhca nf tho Treasury
eunniry has js,. rr1,s and roni ,o.ot y. ~
ior tunI uciisu jnO;,yy and hrf rnics fnr W. 1nar
would nut, Il II teltesssl, bc turc!ent to wbujIY
check GSEH ie they tQtSffEtct with hn t,rr1vs.