, 1877-07-23

/
call lonns were made al per cent.
New York exchange WAS so1d between banks al
AoGtsoc per 81. Att0 discount. .......
The clrnrinct NJ The Chicago hnnks wcrc reported
NJ follow. hy Manager y. r. Hale, Of the Chicago
Clearing flGnsc: .
nss;., @s.; 9;ss:s:s 1'5s$s s%$s @
Mr,inr:iay ss5M3 sn eas IL
sSS$;s S$ 81: sS;;s
e,,...s,;a, x;,x il, ':o"'s saa7'0as
cS'1r'pona'nk Week "a" 1os7asa1 ocaso
CHEAP CAPITAL
In leading editorial on the !osn market, the |
London Econ o,ni<t ut .he 7th inst. pa1t:
ss W 1ssk al. assS y sf5S
thr question naturally ati.ct. VII Il 1stntn 10
tn, o. Il m .rss ~ II
for tie moment to be stronger than those i fhsor
rrc The m.n @ q 1ny - oten tst, for IN ~
nontb for tic last twenty ycars Or so taken 81.
iectisciy. Ia below III" aTrrsrc nf ne JeaT of st
time The rate VI e1chnn.c with Trance - sll9ht.
y % lover but there no probability q. Ere:sn,
tha any lnrrc Of MONEY VII lease ua a"r hat
tns'tsH tns Td ' nrays bene sns hero ifcm ths pro:
duc.ng countries. rrriod Of very ehcaE money
wudonItrdly ticsc i. = tendency in thcm 10 foster
the promotion o. not Or cnrs to aho erg
The excessive crapnese o. money ha. 'Smae,sy t 9
rscycnt q: r5trsns ,et1 !, ~ 81 othrr,.c would
'ms III n. I" rsss ms, anu ,a onr thc hopc .! period q
better demand for money %hsfh ~ the r. Ia1s H. 1S " 'n9 %
a,n,n r,nst Lave Fu-dc1 for the present. It is
prob.h Tint chem monsy ny ass.st tHS nc.s *
WIZ rsvara w;st 10 ,%o :u o do Of tho
TANK of England the Econosnlsf rays:
W nnhs rr:c1'e o. ,o "nc III theso mte
times When sudden demands. NOT atoscther u
agreement with rr"ccisnt, may arse: ama: .nonIn
thcrr seems no p.o"ana. =! t!I un' ,"r ~ .hniI
c"ln'hr ~ ~ o. ,nr esnrx. ~ F1 tj Gid
n;,.d ~ Thi. ia certainly a larrc rrervc, and
oue whrh tie bank may nnt, ffosn ,usii,ess p9n. M
Of view. Il {! h4'l oannu -. ~erft enf E'ntins nrns.
~ n, sar ~. s"ny liz. on the Eide Of saicy
P''', "'i' ..,., ~ 1,xrot,xn,p u,,.to,,
a s'A'" .,..s s'"s '..r.,a.. hv ~. In1urn,or =,
in' t"".'' ~ 'e" n'"a,I".x n,,r v,s In t,onnlc
"a.' r''tr, '. ,,ans. l.. rnCr,yoca,iv ,,cncd
win '''e "'''''. ~. -, f..,r yono..r ~
~ H",'l '. ""' ,,.'. s.,1 !, ,cn,w to 1nnu,rtcs
ths 'ef''s .'ou ,.,. a;.t.r. hna, -, n,naI,yov
Mat =" tut a' ne ""e" "sn"o' "s -. ,,m.,.s 80
hf hh ""r' part VI -. -. ,un. 80 thn ".a m.
soue" 'ha' ''' ~ -',''.', t".' ,a1' @''~" "'' '"~
c"'@ ~ 'h''"'1s'.
f'>:l'i ~ W Is"I'n" 49,, .,. '""nt.
~ : 'T '"'' "a'1 "''"' - '"' ~" ''"''
sslf' a. ,., -.s ,,.,
t'nr Encltth LIs ' etnn upMm w., W aina a ~ ~ ~
Ine 'IIn 1, rnt nniv in trxire.. i'll ,nrn,itnc.
tnrcs nf every absorption. At Manchester huycfs
for MI ,narhptt wesr cnrcrn. not to sav nrrsolia
prices were nHchs n.'d. h.t .ho"ou ~neIo Ms".
Tendency Ian IN .I.' \, ,hc Nn,lnrarn iare mnrket.
bnt tncir op,rat1on. wesa moi II .rAiclcmt a,ag1,
tudc 10 affect rres. one way 81 p,,thrr. ~ Dun
dertsFr'n fe'anE-n,h'nss n,i,ia ~ th irtn ~ trads
tnht - ,t @ MN :. nam .,,n.p rlrta.imcnt bt trO.
s!,"t,nn ,th,ow;na ii, machinery Or othcewisc)
, would shory he ntnrted. TIE @ lfon ,, tfauo Was
without nw fsstr,c nastsy FL H.. nsssa,, nnns.
s1,s H. ~ n'nfactyre,. .jr,, trade was adding 10
he % dr,rrps.ur-tnc IT. ~, men len; disposed to resist
further reductions.
! TIN sILyEH C0MMIsEtoH's REF0HT.
The silver toMrntrr!on have more trouble linn
the public Ia making m their minds ahont tta
I silver Qucst!nE. Their rcpuEl is now said TO have
undergone a rndca change, anil I" be tn 4 ahapo
entirely different from that OF tho nt'gldal dratf
While The, American Silver ComMltsion hayt been
tlay Ing with thslt work. nnahle to decide Wlethe'
they knew anything Ahont tho question or not.
there havr br.n mnAe 10 tho british Parliament
two 1blc aud comprehensive reports son the deprc.
ciattnn 1f silver, which have takcn efahaAFf
ylace In tho rilycr literature anil have aductet
the Jiaeueson Of monetary problems II
every civilized country. Tho. AHcrlcaa Sitsn
Commissioners IN lhcit pscseat 1F@He VI MINI
recommend the remnnetzatfon Of the silver dollar
placing 1t OIL par With gold and giving II tho nac
"f G"h !" 'e paynen' III, =. ~. "".'Is ~ y" ~
tcfetI on t"r pu'ne 49, a. .as. M s.a.s,.'
ean !, ~ ] eoseo ot sus
t,,,rncy at silver for that purpose This portion
"'u"'J y. ..n. 1..m,h rsu,,o. .ton.s :, ~,
a'9ueo ~ its"t ''s .I' ..,' w
latest adviceb hsd Esc"n'ea ~ theoe'er
sutl was aEain bul!ionist. lie e1cures his pape
Alterations tho ptn that they werp espouac
for the strategic purpose OF Whining oScE tho la0a
aionls,s to the silver dollar.
TIE BANK or CALIFORNIA. "
The statement OF the Hank OF California for Jul
shows a.sets oS tH 5D7, 5sa, Of which g. 0O0 00
. II due to stockholders for capital stock paid II
"a ~, 1o5 10 depnstors. SIC. 0iI to snndtI EaA
c1n banks, nnd gu, 11J to proQt anu loah. TAr Ut
ruSil. nrc 81. :}004 RIO leaa than alx Moatha az
Ybr hank ID now In better condition than for tv
RF9
B4EK-SEFEH1NT&NH&MT
"
yn.t xxaz hr nm NJ HRtntnn1 m the 18th Inst III