, 1877-04-19
Continued Quiet in Financial Circles
", a., New York Exchange Firm.
Jay Gould, Rock Island, and NorthWest'
eru..-Donanza Product.
The Produce Markets Generally
Stronger, and Most Of Thsna
Active.
Provisions Irregular--Wheat and Corn
Buoyant--Flonr Scarce.
FINANCIAL.

There was no change In local finances. Tho
banks haA quiet dny, and vera unable 10 report
thai there was any Improvement on tho whole In
the demand for loans. Tho board Of Trade. conn.
Try, ,nescantilc. and miscellaneous applications
for loans arc not auGleIcnt 10 keep tho 1oanablc
means Of tho banks In uae, and the loan market IL
decreased.
Rates OF di.conns 10 regular CUSTOMERS wefe s&D
10 per cent At tue banks; on the street there IL IT.
tle doing
New York exchange wss sold between banks at
b0dL75c pc, 81, 600 premium.
Tbs cleastngn were g. 600. 600.
JAr GOULD, RoCx ISLAND, AND NORTHWESTERN.
When Jay Gould entered tho Hoard Of Directors
OF tho Rock Island Road iss stock VILE selling At
1o2; It 10 now It 20. Since he Wa elected Ds.
rector Of the Northwestern IT. atoek has fallen
from 35 to 10K. The loan Of 50, 600. GOO saked
for by the road to refund its per cent bonds into
6pcr cents called out subscriptions for only ST.
GOO. 600, and part Of that may hsvo como from
Gould. The public that held Rock Island stock
arc selling. aud the Epecunsors Of Wall street, &c
coratuE To present appearances. will hAvc to buJ II
ail 10 shcrAclves and carry It. Tbs Rock Island
noad owns A., 600 shares Of Its own stock. which
has been held in tho Treasury a. An asseL TIL
now the pub1ic has been content with The
declaration Of ihe officers that It
was held In tho Treasury, bat Goutd's
presence In tho Direction has started numbertess
fears that The stock being secretly unloaded On
the atteet- The officers Of the Stock Exchange
have been taken to the Rock 1alaul of1ca In New
York and shown the stock, hus Wkl1 street Is not
hatlsned. It refuses 10 be sattsded, and demands
nothing less thau the cancellation Of the stock out
Fight. Tho Now York rorid represents this feel
Ing, when 1t says In It's financial article:
The market tutnI Rock Island jdIt now. The nck
a. - s e re a. L n Ct
IT, 1ts m q a r. H.
Sn hana on Friday. ~ knoT from - .s.ertSa q NJ
s,: u: tSs;: 's:sssis;'
otha.tns otsa = ~; 20 whst i peik.p:: I'm moIo
aSsf'ifsa t1
s1o Y. o rpa not nom
ssrysi G.acelstlon thc only proger remedy, andlt
e s.
fFs e Sfsss
AZ. f. ~ st essEsa
FRENCH GOVERNMENT ANHulTlka FOR A0RD
WORKING fEOrLR.
The recent Commisaion OF tho French National
Assembly on tho condition Of tho labortug ctnstea
has reported the existence Of an institution not
generally known Of even BY the class 1t IL intended
u hencut. Thu lnw OF 1850 established q Caisss da
1,eposa ct ConsIgnstioRs by which any sums, lhrgo
or ANAL, deposited with 1t by workIngman will
bc invested oy the Government and returned 10
I'm, when he Is between 50 and 05 ycara OF ago In
an nnnnitr MI his death. The payments may b
made 1T any age, In lump or In annual tnnlall.
neAtA, and the prnmlsed return II calculated on
tnc mathematics Of !neursnce. The dcpoA[te be.
tween laal and 1A72. although tho inst tuition waa
dn ubscura one, were So. Jl6, Alb. The number
VI anuui!Guts ~ now 6t. OCT, and tho payment Of
tit rtt llnnuty will begin In 1901. I'll, that time
Ihu Government will hate only 10 receive aul In.
ycst Tho funds intfustcd 10 1t.
puNANzA PRODUCT rOA T1R YlnsT QUARTER
or l87.
The product Of tho Consolidated Virginia md
Cullfnrnn mines for the hrat threu months Of 1877
WIS III. 7S tons, worth $0 Isl, 300, an nresago Of
got n tUn. The Bhliktln says that % tho average
Of Cunnolldntcd Virginia alone Is now but SO q
ton It cannot resume the pfomlsed dvldcnt8 Of
S. month unless the ], ,B5O- foot level shall pru.
luce an average Of S100 ton. which il d much
higher average than any prcvlons bonanza on the
Cosnstock lode has hccn abo to ua'utalu for evcu
single month. Tho quantity produced by tho two
mines lufing tho last nine mouths Of 1876 and tho
nrst quarter OF 1877, With tho bullion and ayerasc
per ton, compare se follows;
iis7gg.......,..,.. ...lM,a w ~ ~ s3 ~ sitS
Totas..............17a. 500 lls, ,sa, no sloa
THE NEW YORK pAEKy AND LOANS ON drOGK
CoLLATEhAIs.
The New YORK stock market u on The eve OF get.
ting 4 severe strain from the banks, which are
going to call IN a largo proportion of thciEloana on
stocks. The fluctuations In 6uch stocks Pans.
ma and Rock 1slnnd ha1o scared the banks. They
want to secure themselves against loss by lnc1cns-
ing tbrl margins on mont stocks, and withdrawing