, 1877-06-01
Tts Produce Markets Active, and Generally
Easiar-Provisions and Hogs Steady
--Breadstutfs Weak.
Eather More Doing for Shipment but Direct
craln.crlers sarte.~Quotatiehs AGetted
BY Hopes Of reats In tho Orient.
FINANCIAL.

lIte paper to offer now that the spring business 10
nearly over. Few desirable outside borrowers
mako the!t appearance, and those that make good
paper have no trouble tn phetns IT, The susplns
funds Of the hauka afo continually Increasing
Rates Of discount ara 8&41o per cant at the banks
to regular customers On tho ttFsct, the usual
variations on bank rates arc made.
Now York exchange was scarce, and sold bo-
tween banks at boGa76c per 81. 200 premium.
This e1eassngs wcre ~, 400t 600.
sEcRRrARr snERMAN'3 SALE OF GOLD FOR
LKdALrTnNnEHs,
The salc Of $1,000. o0o ordered by sccrctary
Sherman to BE- mado yesterday, and generally un-
dcrstood 10 b The first OF series Of saes for legal
tenders which arc to be Withdrawn from circulation
for tl,4 purpose Of bringing abont tho resumption
ofspccia payments, ns called forth great varic.
ty Of comment from tho newspapers Of tho eoun.
try. We prcacnt here somn Of the most noticeable
Of these utteranees, friendly and adverse:
The sccretaty oi the Treasury has notified tho
nss ns Of Sno bu Ge s.2eney sss 1 ssa n
through 10 the ~nd ot tho fiscal year II not anothrt
HAT the object Of the sale Il 70 Increase tho lance
beyond actHat needs Of the Treasury. 4 certain
ei9ealai,o, alth"as il t eannot ca Sa eanesied @ az
u.|t uAl WV believe Il to 10 both wise and strictly
ltkh!. here sas bccn rtaaDn t1 fear that tho Sac-
rctarJ had Leen diverted from l!~ original pnrpo~c
BY efamrfous oJpos!tIon; mad ~. sherman him
70 fbu G ,a s sy sir
nted u him. II n IL be- ,oucd LII be- hns Counted
the cost bcforo he mnae thu announcement OF tho
ha hs hs soFga .t
porsnn 10 the Country who has an honest desire for
'p'''' payment w! ": :o'gnss!ti 'gss i,ss s'% IN IT,
ne yhes ~ The enti;s rgsnsst to Of ncxt Tnrs.
Or hit. Secretary Sherman IL CLEARLY within hIs
s,shss in se,inv tao ru,J. rhc 1aw q, Jsu. il.
he NAV sr snt irssrs h fTco t h X nto
cecJa In gold ur rrccnimcka a. he NAV 1iJyo cx.
pealent. All pef,ona WIN have Ind efpsljcnre in
what ! very siirnt cxner,cncc in other ,nattcra
would lead ono 10 rrcisc,. namely. tiat The 'onds
san thst sau hc s II mn 9 III M u1
. Teacy Of thc cenntty would sell sutcker
than any oI1het, am! tte nearer the ptes
Icuey. tis uaIckcr and areer nrc the s,,es. be-.
cnnsotbo ates Of puschasots n en,sracd to tskc In
FL "a r,aa, TG 1y s III, coont; o
to perfofs vino already hotd Ionl1 payfns hiaher
s!s hnt e q ~; i
"x,s ~, nnon fla ''s,n,Irn, M vni, ~ h,xn ~
sssy .ssxh '%.i u !s! y i tsn:i: @ ,ss!'y ,s n:
Thn is,Sr,s II s ct tnnx io rc.cr
e5e;nsases in Eold t, n Jon1ary lsn nn L. pla!a
stoek - Of rod and jn,In!sbcs tho Il iotai Of lecaf.
Sa1H $tfH -
This nctton Of The Treasury at,is to tho confu-
. sion which prevails rrtrcctts the Treasury policy,
Sno u now os9 shaa Gxst 'isI9h,eent 0n ,ha
wti, he ,,oIlcv. Tho exns nntIon Of il Md univ
10 brief but Tho public viii not long coutent lo
1emnin IN tta dark concerning matter Of such ~:
riss, Esrins pLasGa, pg, o. ~ Fly
icrui.Inpicr. ,u~'s,nr .tashep m nfhrs {ban ~
i1satcui ai ~ Erroru hut ~ n" ssmc sf,ann ~
70 e Htlt ur whether patt II tn he sold anl part
snnt n ~ Nv !.n -. - Ha
II n sho int.ntinn 10 40 Work tiat nrt "f tne Ke
sumption act witch provide. for tho cancellation
Of 8s Of Legal tcndGt notcs On ths fs"s Of 81, QUO
,s GM Nn!oat & eanK n"tnH ~ 70 .acFsS r ny nt
W. chi, nndcr crsfnnd inv liz can ts lone 40 tSat
lllcro n,ny easily be u coutracton Of ST. tnIO, OOo
pcr mouth oi legai.scnder notca. It ts proper to
sfy tliat w. 70 not Enow that ~ mitch H. contsM.
to1tsI nan tn !,raE IN Iii ss,I.1srt ns ,h5, nmi
not be lie direct work Of tho Treasury. Clearly.
however. Mr Shutnlan shoni4 InfoFu tho business