, 1877-01-26
The Financial Situation Monoto"
!: nously Firm and Quiet.
Currency Shipments and Receipts
?. Light---Clearings &2,6O0,OOO.
Ths Produce Markets Moderately Act.
~ : 1vs, and Generally Eessex.
Wheat Weak-..eats, RE, and BARLEY Rale LsEtr'''
Provisions TAKE Downward Turn as
tle Close.


There was no change In tho leading featurcs Of
tha business of the banks. Their loanablc funds
havo been absorbed by the demands Of tho Board
Of Trade for carrying stufE. md although the cnr
rcnt applications for loans nrc not numcrona, tho
banks hnsc their sconnt lincs high as thcT tic.
sire thcn, to be. The offerings OF paper yesterday
were light. ontsido borrowers do not hn'f the
hanks rca5 to acccpt theit paper 1ntcss In exccp-
ttonat cnscs.
Hates ot discount wcro 8G51o per cen. at tho
banka to rtEnlar customcrr. On the street. rates
were per cent anl upward.
New York exchangs WAS fold between banks at
par 0aao per 81, 600 premium.
Tbs clcorings wero 81, $40. coo.
, fnE RECEIVER or THE CONTINENTAL LIFE 70
NE oyEnnAvLEp.
The order OF Judge prutt, OF Brooklyn, on Mon.
day, appointing william Allen Nutlcr Referee In
tho case Of the Continental Life is very comp.c.
hcnsiyc. nnh opens the door 10 Wide and search
ing Inquiry INTO the pas. conduct Of tho Company
and tho present prospects Of the ruficyolt1trs.
Mr.. Butler II empowered TO TAKE tc>tInnny ~ 10
oil tho acts Of The Receiver; to Inquire In What
manner tho management Of the Company have
handled the a4sets; and to ascertain to what extent
the officers arc responsible for whit has happened,
and how this liability may be enforced. Tho truo
intent Of thn order, In thr Language Of The Jntisc
us 10 afford All opportunity IN oil persona inter.
cktel In tho COMPANY to make searching inycy!-
whothef tho money nt asrcta OF the Company have
heretofore been ahstrsctcd, misarp1icd mi*u,an
aged, or!oat In any n.anncr through negligence
nosToN AND SILVER.
Resolutions agaInat the ndop&lon of silver a. a
legal tenicr hare been passed by the nostun Hoard
OF Trade. The Board wanta Congress to make hr-
rangcncntx for on International conference to eon-
elder tbs question Of rrHlnnctfzng silver at nxed
relat1on Of salrc to eoll con md asks the I'rcst
dent to inritc the European Governments to par.
ticpatc In such consideration. The report EN-
bolics pptiion flat silver colE rhnll not bc nade
legal tender for any rnm larger tIan $40.
nAHK AND INsrnAscE aurEg1SrESDEsTs.
Mutc thnn quarter OF tho session OF tho New
York Legislature has clapscd without uny action
having bccn taken With regard to tho I!nnking and
1asntqpcb Departments. Thr Insurance Dcpatt-
ncnt has no hrnl. mud the Chief Ut thc thinking
Department IN boil ling over until n successor IL
appointed. l'ndrr these circumstances The New
York ktratd calls on Governor tollnton 10 act by
rcndng the names VI capable aud honest pcrsons
to the Eegae FIR these olcrs. 1en,in. 10 thai body
il,c responsibility Of rejecting them. II it wishes
to DO 70.
THE nEnr OF NORTH CAROLINA.
RiThc holders Of Sutth Carolina bonds have rub
lnttcf plan to TIN Legislature Of the statc fer
funding it, debt aud crrnun9 sinking fnna far
liqHidatng 1t. The recognized debt. aside from
The bonsls trsHel tu tic North Cnrnllna Railroad
Company. In nnw 81, ,d0!',:is; The creditors
now ptnuosu 10 nrcett U PER- cent thirty .ycas
bonds for 10 tcr ctnt If the acknowledged debt
Tho hontho1dcrs' Committee hay OIL ihf+ 1oIut:
''Fundrd npun TIL. basl. the debt would nom.
lha!y. pTuunt 10 $40, 7At. .H:.l. 80. 1t " pruhh.
bic. however, that even more thMn the excctt aver
e10. 600, 600 would accrue to the State, Lccau4c Ut
thu loss ur destruction Of an equivalent amount Ut
tho lonas herclDfore !trncd. The Committee
therefore, deem Il perfectly rafc 10 say That The
tcCQEutyFu debt. funded hFnnnNrt T0u1I mt