, 1877-02-21
Bank Favors in Light Request.-'
New York Exchange
Weaker.
Proposed Reinsurance Of Continental
Risks-.-European Politics and
Finances.
The Produce Markets Again Wcak...
Provisions Actire md Bread.
stuirs Dull.
j fery Heavy Feeling In Fork, Lard, and NheaL..
Sticks sf Cfaia In Store.
FINANCIAL.

FINANCIAL.
IN banking csreirs the husncss OF the Day was
mneh - posaib5c like that OF Tho days that pre-
coded u. The only new feature WA tho increase a
the deposit OF margins called By Hoard Of Trad.
opcrstors. The fas1ufc on 'Changa produced NJ
effect upon the banks There wAs but moderate
supply Of paper Of all kinds Trade Is quiet. a.,d
the commercial demand FOR bank accommodations
ia fcrtIicted.
Rates Of discount were 500 per cent At the
b0nEs to regular customers. On tho street. eatct
arc per cent and upwards.
New York czchangu wss sold between banks Al
25c discount per 81. Oo0.
The cscarngs wrfc 81, 900. 600.
fRorosED REINSURANCE OF TUE CONTINENTAL
RisKs4
There Is . probability. according TO tho New
York 1t7b"ae. OF tho reinsurance Of tho Contt-
mental Risks under n reinsurance charter. Thts
charter, It WAS believed, had been signed by the
Superintendent Of Insurance OF this State, aud
vas al present IN this city waiting other necessary
signatures. Tho pan Il understood to 10 that THIS
charter wonid prosldc for the reinsurance Of the
ConttncnaFs risks IN tho ratio which tho assets Of
thc Company hear 10 the amount Of the old poll
ees The assess ara belIcrcl To be about 81, 00o,-
ooo aud tho liabilities nsor 81. 00o, Oo0 Deduct.
tnRthc legal expenses, this won1d allow roinsur.
anee at about 80 per cent This reinsurance, It Ia
1hongat, would be uads on what Is known ~ tho
-cg!stcrcd OF North American plan, which pro-
vidcs that there aal be bonds OF the Cn!ted States
pnecd with tho Superintendent Of tho State "a \
rcsesvc of An equal amount with tho risk regis
Gred. THIS plan includes d provision against
wreektng" or Tho withdrawal Of tho reserve,
except Upon tho payment Ut the policy In full as
death chin.
Tue NEW roRK SUPERINTENDENT or LIFE M
suRASuE.
! f.1x al t.s
position A. Acting Superintendent Of tic Now York
Insurance Department. A petition agains, snch
action has been signed by some Of tho largest policy.
holders In the Continental, National, and Security
Companies. Thcao policy holders, although tho
victims Of Snyth's stupidity or knayery. find It In
thclr folgvfng hearts to say that hc has done mort
for tho publication Of lic insurance from coerup.
uon' cmbcEzfcmcnt, deception, fraud and per-
jury than has ovor boon evcn attempted by uny or
all or his predecessors In Ulcc, and that they bc.
licve TINT hts removal will be an act OF great public
wrong, and cood deal more OF tLo same Kind Of
baldcedasiI.
SAN FRANCISCO MINING AssBssMEsrs.
This istt Of delinquent mining atssssmenta for
February In San Francisco comprises twehty.one
claims, and tho total amount ID sloo, $50 Of which
$SE, 500 belongs to Hcvadn- Most Of the Nevada
assessments arc for the Development Of n,lnos On
the Comatock Lode, including s3aa, 600 Tor mines
controlled by tho bonanza irm. Tho Dulllo n az.
sessmcnt makes $500, GOO collected for that milne
within few months.
RAILROAD FINANCES.
The New York i'ubllc, Of tho 1871, Inst. aara
the full earnings Of THIRTY -nino railroads for 1s7
aud 1875, IN comparison. aggregate sl2D, ulB, o47
IN 1870 Asanst sl:aJ. +U4, 477 In 1875, = gain Of
only cH per cent, These roads rcprcscnt fully
one-fourth Of all the railways In tho country, In
gross earnings and thclt returns justify thc con.
clnFlon that hut little progress, II my, was mndo
MI rlr1 l, t.,s
prosperity Il formerly enjoyed. ThIsty.aye rou,!s
fcPofI fos DocembeE gruas earnings Amounting to
Sic, t5o. 1ho against ST.. Jl.. ts4O In tho sane
month or 1875. These retnrns confirm the rcn.
c7ui inprr ts'on that the railways Euuc.ally met
with very poor encccss during tho closing uonths
ot '"e 1enT They were lnorc prosperous even
when the rallway war wns at IT, WORT, lhap nftc.
peace Ind been declared. Only nineteen roads
have reported for tue whule Of = part of January,
AND these reports, contrary to general expectation
show q moderate improvement. Tho gross rnrn.
1nEs aggregate $i,lB.l, l4a In 1877, ac4inst
st,o0a, I'll during The aatne time In 1870. A yet
however, the reports xru too incomplete to Iustify
the conclusion that, In spite OF storms, tho rail-.
ways generally Yielded larger earnings than In
January Of last year.
lssuRASCE uKoKEnAoE COMMISSIONS,
Tic dsuscs We published yesterday Of tho bvsl.
ness OF tho New York companies show that lilo
dislaonds arc uny ri t1r cent tito gross nsse,s
OF The companies, u ruyrluu which ahvuld be de-
rived from tho capital aIUpe. II viii a1so Ia ob.
served TINT Of tho expenditures Of S.: Bi3 tae
nstount paid for losscs und dividends aggregate
only sl3t II. luAstn1 ~. 7lD !l7u to bo other.
Wi.c cSpened. showing The cuat VI ttan4uctIny tho
b"'i'r"s 10 ss ubont3 per at tbs receipts, aud
u'mo't-lacAins aaiy only about lU per cent-as
ih"eh tstAe amount paid for losses. The con,pet. 1
lien oI the cutilpanc. and tho excessive cuuluIs.
hlons paid I" Brokers arc Tho c1uses of this I'm.
healtly aae of Affairs The bH4intss Of life iusur-
shcc u GphductcI with At aeast equal extravaganza
MORE ABOUT THE FALt.nlyER REVIVAL. |
The cotton print mills OF Fali Ittyee arc now |
producing 6. $50, 0o0 yard. week, On which there
10 prons of ono cant yard. Thu Springfield ne.
publican eays that, although Fall niscf u,nnufar.
shrcss made III" Hist export Of yoo4a to England,
and clu compete with her In foreign countries.
they differ ffun. the fhods Island ,uaksrs IN that
NIL little cloth II cxpultsdt lilo n,tlix air alt run
nl"3 aud doing their u.movf, hut thuy can do no
m"te Than supply The homs demand. In fact, they
arc strong In Tic belief that. for tla dfy.guods
trade at least, thu hard tlIncs uru over.
Lnas j. Jcunn.s, tho Laudon cosresuondent Of
Inc New aers World, writes that thc cotton trade
Is paH'lns from England, not temporarily. hrt
permanently, and uo one who Il enyaged In IL vet
Fralttr" that fact Now whcreyo. a pjecc nf In,
silrh cnt'nn ean enter nlaEkct uautlrr p1ecs or
Amesaeah c"lt"n II IL bc scen suu by sdo with IT,
always us Euod sometimes better, In quality, and
49"fF II. price.
EUROPEAN POLITICS AND EUROPEAN FlNANcks.
The London correspondent Of tAs Ptauaelai
CAro"ftf. writing on the 9Th ut., rseite. facls
which show that tho condioucc Of European capi. |
~ that peace will be preserved IL uut lrm. Vho
Investments III consoIs hsps been 40 heavy that
tae!f going 10 paf bcslna 10 soem possibility.
cousols ars 1Ln faYore refuge Of tho sulplu4 and
uncertain capital which Is accunula.Ing On every
Aana' anIcannos hu used In tha ordinary hnancu1 !
haa eommoteln' ope'atloRs oI more prosperous
Tines Foreign s!ocks, With tho exception of
United States Governments. are not popular, Du,,.
meas ~ !smttcd la ulI departments 10 conservative
provision for lmme4iate wants,
TIE LONDON JotaT.srock pAHxs.
4 SUMMARY VI William AhI,ott.. h.tf~..,t. |