, 1877-09-30

Ts Ts;a twelve cities; 81; f.; rs IS s,. So NJ
ssaTes sssz Asa 81 New York Sl5s ] =;
Appended ir Il statement Of the number Of shares
! sold in this city during the three weeks. from
which it appears that an increase OF about Sl2.
700, 0nO or lcss than per cent Of the aggregate
cIcarincs may be attributed stock transactions.
Exclusive OF such transactions, the gain here Is
about 81 per cent. With only seventeen days
against eighteen last year At Boston, the actual
cAin IN tialy average is about per cent. BRti
more contiune. to report surprisingly large bnsi-
ncss, passin. Cincinnati, notwithstanding hand
some improvement there The only important
losses are at Philadelphia and Pittsburg, though
Louisville and St Louis also fall behind. The
most striking feature in the reports is the astonsh
ing gain at Milwaukee. The exchanges there for
the entire month of September last year only
$50, 400. 2::20, and for the entire month in 1875
they were -S3G<.45, Tt}0. Not only has the large
loss resulting from the short wheat crop last year.
been recovered but the transactions for the month
promise to exceed 1hose OF 1876 by more than one
fifth
THE LOAN MAKKET N NEW YORK.
The scarcity OF greenbacks, when measured
against The possibilities Of the future, is such
New York as to lead the Post Of that city to warn
borrowers to make timely preparations Borrow
err who must have money with which to carry
their operations into the year are advised to
make time loans. The rate OF interest Is almost
certain not To he lower, and may be much higher II
any prominent spectators were interested IN de-
pressing prices they could easily do 80 by ere
ating str'ngcncy in the loan market.
TUE BANK OF FRANCE AND RESUMPTION OF srE-
Gle PAYMENTS.
The Bank OF France is permitted By the law un-
der which specie payments we're suspended to re-
su1nc when the debt owed it by the Government is
reduced to S0, 900, 900. The date fixed for quida-
tio,l Of the debt to this point Jan I, 1919 But
already the reduction has progressed go far that but
s., 000, ono remain to be paid In order to bring
down the figures OF the debt to $50, 600, 900, the
last statement OF the Bank Of France showing that
s., 600, 900 have BEEN lately paid by the Govern
mcnt. The resources OF the Government allow it
to pay the balance Of So, 900. 600 ut any moment.
but it is believed that the letter OF the law will bc
80 followed as not to resume specie payments be-
fore the date set-
THE METROPOLITAN NATIONAL BANK OF NEW
TORK.
The Presidency Of the Metropolitan Natlonai
Eank of New York left vacant by the tleath Of the
late John f. Williams has been filled by the cleo
tfon Of George l. Seney, for over twenty years
Cashier Of the bank. The Post says tnat this $50
far as recent years are concerned, s to be change
in name rather than actnal change, Mr. ScneY
for long time having been the working executive
officer of the bank, and having long neo shown
himself to he i conservative and able manager"
SILVER MONEY IN NEW foRK.
The Hudson River Railroad recently refused to
take payment in silver for freight charge OF
81. 10. The reason given was that the silver was
worth less than the amount called for by the bill.
The law is against the Hudson River Railroad, us
it distinctly provides that silver is legal tender
for payments not exceeding s.. 90 in one amount.
Not that the Hudson River Railroad cares anything
for the law.
AMERICAN SECURITIES ABROAD.
The London Economist OF the 18th inst reports
that - Although well-supportcd Market United
States Government stocks have declined under
considerable sucs this week, some important hold
crs this aide being supposed to be getting quit
Of their Investments. The speculation in railway
bonds is on the whole, though irregular]y, sus-
tained." f"
GOLD AND GREESBACKs, |
Gold was l02h@103 in grccnbac.ls.
Grecnbacks were 971aG5o7is cents on the dollar
in gold.