, 1877-03-10

~'S
At san Francsco the Clearing. House was not In
existence last yen:, nndnt Cleveland no rccord was
kept; nt Louisville there was Clearing lIouse In
ta75. Fourteen cities report III 1B77 c!tastnss
amounting 10 e, 37s, GIL ECO, against s., 357,-
d07, 953 for tho faMo month wrckA in 1870, a
gain OF 10 por cent. This Increase In yance cx.
-hanged In view Of the decline Of prices Indicates
an tncrcasc OF abont per cent IN Quantities cx.
changed. In comparison With 1875 thtEtccn cities
fcport and tho decline In values II only $41, Ba-
0o0, or 1T per cent Dnt ptlccs arn fully Ii poF
cent 1Uwer In 1877 than they were In 1S7k. Yet
February Of this year was month Of c1traosdi-
nary uncertainty and heeitatton. It In fair 10
cludc that tho material condition OF tic conutry IL
aHch ae tu warrant tho most hopeful nntcipatlona,
how that tic Ereat causc Of delay md dsapondency
has been rcmoSrd.-I'aGlic, Yurth 8.
RUSSIAN COMMERCE.
Tho RnshlRn Customs Department has recently
thued thu Official returns Of the aradc of RnssIa
for 1s75- Tho Imports and exports together
showed M increase Of about 81. COO, 600 1B74
and Ut about SIT. p00, 900 oyoF 1S71 The gross
total was about $GA0, 600, COO. The increase In
trade Is shown to bs cutIre1y due 10 growth III i'm
ports. Tic exports Of 1876 were but $.AO, 600,
900. The imports for 1B15 show signs Of tnNs.
tou, being siUo, 600, 600, Ah increase u $G O0O.
0u0 over tho imports Of 1915. Ths ''b&lance''
against liusHla ID lnrgc. The extent cf It's foreign
puschaNcs has nu doubt been influenced hy tho
the loans obta!ncd abroad. Tho best days of tho
furcrh loan nrc oyet. This unl political troubles.
Gad harvest, and Ecncral lnory4nlzatlon Of bust.
nths will produce marked change In tho com.
mefcc Ut lussa, which IA at best Insignificant be.
Ing litslo more than that Of Bpnln of Italy.
LIFE INSURANCE..
Tho examination into the affairs Of tho CONT.
Mental l'fe shows thai far ~ II could go Il was
successful tmitasor of tho Tutan,any Hing. A
Mr.. U. Hilton scrIbncr testded TINT he received
talary 0f g. 600 a. Auditor. although hc ncror saw
my Ut t,.u compsny's accounts. An,ong other
per9u!s!tcs werr extsa dividends aud largo fees for
OAtcnsiDlc legal seryiecs.
Tho whereabouts Of President Steawell Of tho
New York Mutual are still unknown. lila couusct
Judge Fullerton. th,nks tllkey ho will appear at
somc favorable time and give honda to answer the
summons against him. But ho Significant, adds
that the return of the usHcts In not ~ feasible IL
nnnully supposed
FOREIGN VIEW or INSURANCE AMALoAMA-
TioNs.
We have received q copy OF tho contract entered
Into between tho Scottish Union and Scottish
National Insurance CompanIcs with view to lt,cir
amnlganntton, and also so,ue uotcs bearing on tho
document. which arc worth httpnlion, This 4mat-
.aatton IA, It appcnrs the Fat thst has been pro-
posed since the passing Of tho act Of 1870 and ~
both the oices are ald,, the ono dating from INA
aud thu other from 1S41. and apparently prosper.
VuHs sH1 SaHnE0 p|ot4pAlHx u IL arc uQt Oufl0ue.
Apart from tue good or bad policy Of fustona of
this kind, Ia hardly likely that tho policy .iosu
VI either Company will be really to think the best
Vi tho schcne. reople have suffered too much and
Too recently by Tho results of former fusiuns
IL be easfly convinced that thcre can he any good
reason for two sonnd companies beeutn,ng ono.
Thu Plea ", of course, great EoArunchu,ept IN ex.
rehsef. Increased security through larger share
capital, deCrascd competition, and larger pronts
but thrto conAllatatlous do not much affect policy
holders, and II must always bo must dln!cult
Tim. 10 bring twp more companies Of this kind
to:ehss Without exposing policy. holders 10 some
lo.s or danger. In this instance they would Ger.
tain,y 4eem to have reason for opposing tho move.
E,ent, for The contract pratdea for IN arbitrary
separation " The prtauaa!gumai!ou from Tho post.
asaasanasion husiaess, thereby shutting the old
Foley.huIcfs Oh 1ron ulost of ihu fu1uro benofts
oi thu Nnited cun'pany. wAose shareholders III bs
The GaineEs iu the esunt Ut tue anlun proving a
succusa.-LoHdoH T1ass, F<b. II.
hTATE or AysAIus or THE NEw YORK srocK
ExCIiAhEH.
1n dcscfblng the huslness Of ths uth Inst. In
6naucaol r!sces In New fUFk, tho Hsraia repeats
!is oplnson that pt4eea are more likely now 10 ~
up than down. ''W31h soms checks and drawback,
tho ruursu VI pksces to-dsy bus been " highsl
standard, a1 1t 10 pretty clear that thu chief uper,
utors nas excluding lhe ractdc slipper. whu, ln hli
tr!e! expcrieLce, has bern short Or lule With tht
frequency Of q half dollar hlppel hcad Or tail ful
dsnLsj hare during tho laAt few days Slipped oset
10 tue bull side VI the market, quietly and unlel
t4r pEutertin. aFu Of ssilcs TO options. tnoder
usE aEa STEADY advance WAS 70 b remarked
throughout thu hols liss Of usually act!,c sucks
unlds4 by sensational stor!ts aud unabat,uetcd J.,
lrptraslnx tlMufs." :.
PACIFIC COAST COINAGE.
The cuinare VI the Carson Mint III February wa
s'!:a bu0, all slsur. Adding tLis to tbs coinage
tic s4AfrAnclaco Mint, given In thls column, WI
haze 81, t0 obu ~ tbs total oatturu by tho lacll
Cuat A!nts between 1au. l and Maseh l.
sALK or alLfkK.
A sale of !, Coz, Ou0 ounces u sllyes has boel
male IL tlAo Government by the Bank af Nevada =
srste not male known.
GOLD AND uRERaBAcKY.
Gutd wss loihG t01!a " gseeubacks,