, 1877-01-04
The Demand for Loans Well Sus.
tained...Heavy Clear.
ings.
Currency Movement UeverscLl---
New XorIk Exchange
Flat,
The Produce Markets Active.'-Provis-
ions Irregular, but Average
Higher.
Wheat Advancing, md BARLEY Weak-'-
Other DrcalstufIs Firmer.
Stocks ut Home aud Abroad---Hogs
Lower.
FINANCIAL.

Temporarily tho supply OF loahabc Iunas 10 litt'o'
II any. IN cKccss Of the demand. -..-.-.
Rates Of discount nro 6Q110 pct cent at the banks
TO regular customers. On tho street, businc*s has
shared III tho general improvement Of The loan
market. Rates Asc per cont md upwards.
New York exchange WAS sold bo tween hanks at
S5c9t$1. 90 per 81, 900 discount.
The currency movement Ia now setting In strong
II toward tho city from tho country.
Tho etearinrs vera So, zoo, 600.
AMERICAN HANDBOOK or FINANCE.
Under the title uf ''Gofd md Debt: an American
Hand. Book OF FINANCE" 8. c. t'regs s Co., Of this
city, havo published va1uab1o book Of reference
for business n, bankers, and stuIcnth Of nnncc.
Tho author IL Mt. ". L. Fawectt. well known a.
ono ot tho leading financial writer's on tho Chicago
prcss. An important feature Of tho work is com.
pilatiou, in the language OF tho laws, Of htt the
monetary laws Of the United States. Dy reference
to these, all the permanent Legislation concerning
tho coinage Of this country tho obligations OF the
Government with regard to its bonds and notca.
md tho organization and management of National
Danks, and the redemption ot National. 1nnk cur
rency and a related nnttess, can be found readily.
in convenient form md In much batter hhapc for
every day than In tho orignalautnotttics Cncr
tho head Of "sasponslon Of Spccle.1oymeuts" IL
found complete though br!cf account OF nll
the suspensions OF specie payments that have taken
place In tho countries Of Tho modcrn world. Mr.
Fawcetts statements Of Tho amount Of paper
money and coin In circulation .nao 10 Include
the freshest Official aguTet, and arc so fal!cst and
most reliable known 10 us. lie puts the amount III
circulation In tho world, OF golts 7Oo ooo n5
silver and bn4e metals ~ wv ooo uoo; ana OF ph'
per, a. .oh 600, ooo Particular patnshave evident
II been given to tbs collection OF the statistics TO
the amount cftant OF paper money anu 1hc 1ota'
IL q surprising one. This history, present statur,
ktno1ht. ea3ae' etc', oi sae monetary ohiss ana
coins OF all countries, Inc pfnauetoh OF ro'a ma
silver, anu the worlds MoeE on haflu taS mose'
nj nj hR nrnr md nj hCr
comrodsties, ana tne'e isclpsoca' e"ee's' the
cause Of tho decline in al!'cr. and tho debts OF
tho world aro some OF the heads unlcr
ionna' ha "oala oe inferred '1om Tue tnle VI Inc
lion md prcssnt stock OF tho pfeeiou. metals, and
Tia fnanc!at inluence Of thu.e facts, and 10 the
modern mo- tremendous aeeunulu.!on Of na.!onai,
maalc'pal. a"a cofoota.o asu's' ats. fawee" nas
w M mems so"n"ea ni'set w"s ,.sy sa.uaD'e
.o''i"eon ~ ,aa ''auo ". nna'ea. W. "''
o. M so,'4 WI, y. IN.
l3 ~ '"e ."as .o' NV 's""'s '.''I ~
n's oo"s' ' ,,,' ~. ,o's. ~" st''sis wv
' '@'n -, ~ tns s,,.nt ~ ~ 'vs.
".,, ..'nu '',s 'sa . .m' a"s"". w..
so.p'.o ~ 4"'.n, WV, ~. 'e!.
~ ",.' n.,a' r., .. M aaI
as saan.,s' nv" ,i. II.o'u uassss 'su a.,
Il. ,,.,,,s .as, -. isa .s h'a he
80 h,a,, ,s.,na ~. .s ~ s,. .,,n., ~. ue'
,.,', "e'u, "n 49, ,n
interest Of tho present bullion movement eentrv.
chiefly IN Germany and America The d'alnisaed
,,f tc,th ~, ,en.on o,r ,,,"rtfr, .,.o,a nn'S
.,,sna. as ~ so,a o, ~ ,, ,, s.ans anu
eont'naoae enu1 oE eoa lF"h Inns market ~ prob
nbtc, aaI tho difficulty OF employing money hero In
also operative in tho aumc direction. German re-
4use'e =. 49, 49,. .s' - s,sA' n"o ue'
cst'e atep haSlns YET 10 10 taken " Tint Govern.
esa pupey soa a 1ans
This step IL The Decentralization, OF LIBERALIZATION to
&c 3snk r. t2xsa a r. nj 8
and tho Hovernne,.t appear To- csliAtc. They have
s!i:er-a,s q .ix ail!onsto 'ell. but they Do not
and tho only Inference which can le G,aw,a ifun's
tbas that teS e,Set ~ hspt 19F sM;,t.il,ary coin.
III !. ~ '"'' LUZ '"A's'' 9'o NV "''Aa3a"" a''eF
pAsKpupr NATIONS,
'r,.no. l'ttle temsrsseie That Of a1t European
e.s danger Of war arc ai.o on eeononea, rlsans. s
most n neea o. peace. turkey - bankrupt. has.
ea to INV ha ea.t Srna ~, 1
rum n,sSn" ~ q nj. nus,'a sss1 s
easily r.axe tho depressing influence Of tho ascal
burdens which have to be borne by countries who,o
governments aso continually thrcalcasl with nc.
cuniafv embarfaasment. For ,nany vrars nast wo
reducing
the same tu,e tcpseuiny tho prrssu.o Ut tasa.ioI,
Excepting Holland. wo arc tho only natiun
iii Europa which has 'hccn IN .l,'e huppy
t condition othes countries. nhtt especially ne
hsrn r"liiS 3rc1arI.i tis,r tnu,htcdn..s pv,iia
maintaining tclF laautjon al point sct:up so,n..
times almost upon oppresslon. In alt ihrca cases
~ wealth stuesu ~ ths1f MstAlllc currency hAs
cn;,. 1n, IL h."t ~ ,a fa5's 'o .,an m a"tan tsa
crciit-wouii I'M! il nest to tmnossG)s io contsart
large loan abroad. II the t,rec, Austria IL peg.
haps. from nnaHc'al point of View, iho most
XIX ~ rsnc ~ t ~ wy nnFs 'a.s,y
powftfni than /. cyn,,lony .u.n,rd, Il IN evrs y
tainly worth whtlu inquslh3 how tar Ia an eco.
i.oaeal scnso ~ e.s!nats o. my Gssman Chancsl.
l1lt;tr 1t1a ~ ;'otttiaa ~ as's VI 'no esae--na"
uov.v.. arocro
r.oc r.-aI.. ~ M, 80
,... ~. "...'- ."..'~'' " oss' =" 'af .
s,as.. ~ - sas h.sa ~ ~. ~, .a,., ..,..
tr Isutu of ths Tsnk u Csliforts tIs iii lin :. -.
T.. ato13attA Virginia Uuly TIL ~ $40 abe 4tfsSt