, 1877-02-27
fhe Board Of Trade Borrowing to
Carry Stuif.--The Loan Market
Otherwise Quiet.
new York Exchange Weak..'Light MoTe'
mcnt OF CurrtncJ..Tlle Clear"
tngs 81, 100000.
Ths Produces Markets Moderately Active
and Irregular. but Generally
Lower,
Provisions, RJe, and Barley Wsak'''Rhtat Haria'
bic, but Easler...Corn and Rats
Tend Downward.
FINANCIAL.

Tend Downward.
FINANCIAL.
There was some demand from the board Of Trade
for loans with which to carry stnf. but u was not
pressing. The amount Of country paper sent In
for rcul.conut WINS less than last week. Mercantile
bnsnc.s Is inactive. and tho offerings Of CONNER.
cial paper are small. Tho loan market In gcneral
Il qucs, and the banks havo an ample supply of
loanahlc finds, which can bo obtained by borrow
crs. hut only on tho bcst security.
Rates OF discount were 61io per cent at the
banks to regular customers. Oh The street rates
were per cent and upwards.
Now York exchange was sold between banks At
2;e yer st, 600 dtscouni.
The movement Of currency 10 tho Interior is very
light.
ClcarIngs wcro s.. zoe, 600.
THE jAsuARr 1uLL1oN PRODUCT.
The returns Of the principal gold and silver mines
give total prndnct for January OF -, 100. 600.
This Is mt mp 10 tho average. Dochcr and Ophr,
for instance, which few months ago wsro proauc.
Ing 5000, 600 10 $375, COO month turned ont In
Isnuary only $37, 600 and 81, 400 respectively.
Tho calftornla's Janunty product was 81 Ola, 700,
and tho Consolidated Virginia S510, AGO, the two
giving $685. 0Go morc than last ycnr. Up 10 Feb.
II tho bullion shipments from the two latter nihcs
amounted to susg. 420.
r,. r,,,,,, ,sor,h,, ..tn.rs -, ..,d. and ,,v,.
Eat.on for January dftc1oan sfioht improvement
In few Of tho most Important branches Of Drit1sh
tradc In one or two thtro arc symptoms Of further
decline, and In the tast stagnation continues.
Tic British imports for January, 1877, amounted
those for January, 1879, and Of &e, 900, GOO over
iho.c ~ ,Tnnunry. 1874. The aupnIy of fresh beef
from abroaJ, most Of 1t from thjs couatry, rose
from So, aHo In January. 1875, to &43s $40 in tho
corresponding month Of thts year, There was In
gcnrral m inercaso in the lmports Of food.
an Indication TINT Tho we'll being Of tho
pcoplc had not been serkouuly Affect
ell. Another encouraging sign WIS IN.
crra.cd ,ruorta of COTTON fux md WOOL for uso In
munusacturiui, The condition Of the expott trade
I, nuch IN nae the language of tho London 7I,uss
an to caIl for nil thu fortltudc Encshmen hayo.
The fatal value Of Tho c1port for January 1877 was
SIN 7:,o Dn0 4 drctIns ar mora than SA Ono ON
eomnaret with ,yanuary 1n75, In, cottons Tho
ouant,ty ha. Inc,cn.el INIT moi enough 10 unke
rood tho DECLINE In nrcr.. In linens nrces baye
fallen. hut nuantft!ce tmposted have not changed
The decrcase in xoo,ons ana iron has bccn alnrm.
Ing, This dismal usncct Of diminishing priccu and
deelluInr exports Il oxn,alnsd by tho 7ymt, to be
caused LARGELY by tho political uncertainties OF
Eutonc and America. II the complications thai
now di.,urb the catcuratlons Of bu.tuens men In
thIs country vera fairly settlet. American com.
merce. Il saws uwould SOON begin to moyo and
thrive, !" ppl with Il that az England
rysrRAscx LITIGATION.
,rh. N.v yo,t n,cc,. rc,o,t n. sp,+ NJ r ~r,,,
Fino,s A., n,licv.h,i1sr =. ms rnu1tntI. ~
Insurance 4oeietI and others, which was argued
pn s'say snSe SeY.9 'uee ssmnt IN "s mon
norton Of s tae s.et: p % tbat tbe,s h4,s Sstn fo
ehnurs. for ysss.: thp. tho Directors have been ecu
principals to al the srnn.setious In tho eomo1aint;
n,% hsa haa
eo',,y h,,,IIra. shlch 49,. v Is.. ,h.n w.. ..as
on lie cost; that at Tho instleat.on OF ths fcera
,nd ntrcc,n,. ~ m, ~ mara NJ thn,n f.,,. 49,.
tiNr,tr. .ra frrdo,.nt nrcorrts and vnurh.v. ,v.ra
rcndcrcd for uor,. a,d ,nntorial. yhcrchv 1orncr
sums tbnn wero ,nsttv dno ,ere vot from Tho trn,t
funds. and t,at Mr. 1lyde sh,rsI in tj,o nroa,s m
ihrsa frauds. pi.intITs ,.k fnr mn inluurttno
nraIn,t furthc, dI.,rtbutInr NJ lin n.,sta and ~
oIder for 1Tydo's examination. ,1r. flvdc. in
answer. CHARGES that tAe npnl,catton IL merely
rpeculatiyc. Dec1stm reserved.
von THE pRorrcr3ox ar run rrn, IN An.,ssr
ira CHxAruMH. TIN CoHpomATJoN.
Itbas beou declled by Judge Van Yo,at. OF ihs
New YORK Sunseme Court. thxt contract for con.
trolling ibe ntafs OF xornofatlou Ii against nuh.
lie poiicy and yoid Tho case VA. ti,at of j. q.
Juroh. aynIn.t Sylvester +. Milcr. Thc n,aln,iY
and ,,cfsndant nn,la eon,ract fur ths uur,oso M
rr1tIn1 eontro, nj a eerta1n romnany and eIrct,py
A President and othcr nf,cers nf theIr own sclcc,
tion nnd IN, thrt,own nurrm,cs. Tho .ruac, ,nId .
Any ronntpn,ou or axrreneut he,xcrp stockl,oIaers
q soEInratlon % ss1s u md oEsrae Il u tller
I'll S:;: e II !; II
Shs ;ssi; \ ss ts5's. 4 ;hS as;s:!nsa!;
e"S"rnn il t 10 r,. III liz funi Genrnt or NV Ssr Y:
fClaF sto,saaiiere aun;ust curnurs,;na ;Ii,f In
operated for tho Ltprt ut tho atQGkIltictB. don't