, 1877-11-10
All Departments OF Finance Quiet
.-.clearings, $1,000, 900.
The Coming Financial Contest Re-
tween Great Britain and the
United States.
Tho Produce Markets More Act
ivc---ll0gs Stcauy-.-Provis~
ions Rather Weak.
Breadstuffs steadier-A Good Shipping
Demand for Oorn-Ihe Grain
Movement.


N.r,,,.,t
"o'oAon"
FINANCIAL.
l
The effect Of the weather IL seen In Tho dlmnlah.
tss business 10 a,l depsttmcnta OF local tnahces.
Counter trnp.ae lions nre light. and the discount
huelncss II pntJ moderate. The condition Of the
country has affected county ltade TO ench m ex.
tcnt "A ia fmpefo collections. and business In tha
eity. retail! As wcJ NJ wbolcsa!c, has suffered on
account OF shp weather. The supply Of mcrcan.
tt1o pnpcs Ina been increa.cd BY tho difficulty Of
COLLECTIONS. The packers haze began TO borrow.
and will rco,,irc during tho packing season largo
amount or Tic 1oanable funds now Idle. Other.
wise tho demand for bank accommodations shows
no {u,neoycmcnt, Rates OF discount wcte 8fbl0
mr. cent at tho banks 10 regular customcrs: on The
street, eal loaua sero pceccns and tIn,c loans
GIN por cent, The currency movement In setting
towards New YORK, New York exchange was
nrm, and sold between banks al GO@75c per ii. 600
premium. The clcn.ints wesn -, 100, 900.
THE GOLD eurrLf.
Thc 1.ont,on Tt,n<s regards tho position OF tho
nanl Of Enaland with regard 10 its gold rcserycs
ns re,lous II not crisIca1 it has In tts financial
column m aetefu al unusual 1enath discussing tho
pecullar ard unprecedented condition Of the gold
sunnly. and thc nrnbub,jlsy TINT strong measures
viii hnyc 10 he advntcl 10 keep tho gold the hank
nrc,,. for 1ts own use. On account Of tho heavy
ronare AZ rotd bv Ucrmanr tho floating pnpply OF
har ao]a has been largely Transferred into med
currencv. and this n likely to lend 10 dlflcnites
whrn tfah& rcy,ycs unless ucw International iaclii.
lies nru t,ryi.ed for tia settlement OF trade debtt
f1nc rcruIt OF tho prcseprc for currency may e the
compulsory adoption In Continental countries Of
tho check eyslcm. which tconomixrs currency 10
greatly IN Great sn ana aa" nmsen; s o.a. ans .
r.. I-.,..t r,.,.- ~ h,o,d.tres IN .omctht,r
10 ING Gn's" s"'es W. .,,. s,s. :. ...,.s .s,s
clso ocs'do coiu' Vh ta's po'n's ~ 's1aA' 'ua. .
"hen once toe o'o'h nA' se' III ~ e".Ht =, ..s ~.
hans bltee'oss mus ~ so'a ,"'o Wy ..snss -" ~
resources a. tne1s a.aposn4 ~ uto's :" ,""1A.o =.
pf,ees. ~ taa, our sseu"se uay w naea 49,.
eaLlf'J t"cI' e'a"'s :" ol'. :. =, ..
chshdso than s1'o or 70 ReI ~ ess"se' @ s.a s"u.
nuAi nave soia' Mo shaw Na' .a no" " ,a,'.se ~.
ca"ece P''eoH ut' "i"A!s eha"3h's ne'e ~ 49,
according 70 tho vsIns nSafev ., .ne a"
"ua " tuo "t..."" ,as liz =. =. ,at -.
eh' eonnt.e.. , ,ass NV ,,r,, n,s
mus. ouy eotn anu .ae XIV sue :. sn' ,.,s
oh'.ca 'tate. A'"''l 1."'' '..s y. .ht.I
market. I'D ING pccu'as e1feomaeneee 70 Mh'sn
tfouIdate the ,obt, nnd the way In which we ac-
cnmn,I.b ,hc t,,k vii, demand materially upoo
ttou." Tho amount OF gold Id circulation In Great
Britain w4s Estimated few years agu at $780,.
100000. II ia a significant. f.et tha. ''neo
1S7a Germany nos eoasestea )nst aDnn1 snaI
m % amount oausI. to tho who1o british eola cur.
r.ncv hn. ,,cqn tssr, ,1om tho movable CONNER.
etai supply Of The metal, and practically axcd and
shnt oil from dssshatgsng the AatJ o. setting IN
tegnatiunsl debts. Sweden hAs locked ur some
rolh in fenlaclnn her paper with gold, and tho
G.s,. ~ Ts"ns ,,r,rasno ~ ci,c,,,.t" In tho
nanR ot Franco 10 p1cpaslne 'o Gnea'ass ~ ,l.o
ehapo OF coin asGe pFopo'a'o" VI '"o sou - ~ u4s
On hand. Chacf theee c'euu,'aneeh' ."c .asts e,
fcgalus 1ue ahtic'pa'ea aseatnu"''on % so.a W