, 1877-01-06
AND TRADE
SThe Loan Market Steady and
Moderately Active.
New York Exchange Firmer'~-
= ;: The Currency Move"
r, ment Light.
~ -
:; Tho Produce Markets 1rregular'''pf0'
,; !, visions Excited and Buoyant.
~,
:: Wheat Rather Wcak...0thcr Breadsta'ls
.:-;<. Quiet and Steady
Packing in ths west.-'A Few compar'
ative Figures.
FINANCIAL.

fAmonx the banks The day was only Tonera'e'J
sn,Iye. The demand tor dtscounts was ial.. anu
came firm lbe same hontcca as usual. i"e 'A1es'
~, ~ ihe anplfcatlona received for 'oans weso
f.ntn n.,trrs and from Hoard ot-Tsade men VINO
h.ys .tud 10 carry. Mercantile collections h'so
tmn,o, r with the increase Of currency In tse eonn
~. and Tho offerings Of eommcfc'ai pape' a9e nv
1afre. Tho loanable resources OF tue oahk' as''o'
tha nrescnt in comparatively full use.
$50" - rconl,r eustoncrs. On tue street, there
was fair domand for loans, with rates Al per
cent and upward. ..,x.,,
Nsw York exchange was sold between osuN'"'
mar 10 &c per 81, 600 discount.
Hhs movement Of currency in and out ~ s''a"'
but tho receipts aro larger than the ah'r"eut''
The eteatings uero III, 400, Ooo.
NEW York sAviHus BANKS.
I'm h,s inaugural message, Gov. Houtnson' o4
xn,r Yorl recommends some important changes
in Tue Savings bank law Of that stale. ihey e.o
that The stocks and bonds held ~ faVin7s oa"k'
shal, not 10 estimated nhorc cost nor aoo'e pa.t
NOR Abovu market value; that n"ne " .a,;t su"e"
eha,l be deposited with any commefc'ht 0ahk 81
trust cotnrany; That tho maximum Of deposits 70
-. recryef from ono ptEeon 10 be hxch NJ 8-,uoo
irstcnd nj s., OoO; that no deposits be received
from corporationA: that Interest should 10 fcnaceu
To pef cent, and Tint savings banka enoola DC
required to accumulate 'afse1 '"sP'a' '""" ~
3 per cent. ,,ox-n
A,voman recently ret up bank At Madrid. IN
s,mtu. promising to pny 20 PCT cent month inter
est. A. the Interest was paid promptly, deposit!
~ nowxd In. After she hid ., 100 dcpos!tors and
81. 100 600 deposits, and had paid back s4oo' GOO
al Il In Interest," she disappeared With the balance
Of 800, 00o This, ~ financial operal'on' ~
% consdcrab!y ahcnd Of anything that has been at'
trmntcd In this country. Oun Of the nearest ap.
nrmtchcB TO It was nchlcvcd by The National nank
Of this city TINT solicited deposits At 10 PCT cehs
: interest and ab.orbctt them In its faslurc.
TIE NEW $1,000 CouSTERrR1r.
ri. rcw,,.dIacoycrcl counterfeit 81. 600 bill has
= been examined ciosc'y at tho Treasury DopaFt'
reut. lis principal defect conalsts In the lhtne'
: WORK surrounding the figures 900. which 10 ver1
q much blutTsd THO deures also appear olhsfea'
j. thoueb It would require comparison with the gcna
!, inn bill az II would III other particulars, to dis
cover their bad execution. The note Il rsononnee'
, ss-dsusteous enc. 1t has been taken 10 ny on
hsok and paid out again over Tho counter.
= TAXATION or BANK SURPLUS.
Taxing tho whnle surplus OF tbs banks In add'l'o
n 10 the,r capital is neither equal juFtiee NOT sou"
I valley. Beside. compelling then, to pay more tha
M their fair proportion, u Induces them 10 diSls
! thclr uurnlua among the nt1ekholdcrs, theFch
= atmln,shIne The rccurty whtc. II Elves 10 the mn
y c 20 toug AZ II IA held BY tho banks In times III
q iho present tho exigencles OF every day mi
Y dia,,ni.h both .usplus and seenrty.-Gos. Hoot'
r. son, Of Nep FORK. ...-
- RAILROAD NoNDS.
T. The following bids wosc mato on tbs New 10