, 1877-09-05

FINANCE; AND TRADE.
Ocean Freights Occasion DufIness
at the Chicago Banks.
4 Big Bull Movement in California
Mining Stocks.
Gcorgia's ncl,t, nn,l Bob Toomhs' Ticws
OF Wall Street.
This Produce Markets Irregular--Provi-
Sums Tams--Hogs flrmer.
DrtadsluAs tsti'...-l ttry Good Shipping Denaad
fos Waeat--.Slotks ol Grain In Stsrs.


For thu scason, husur.s rc;natns nnnsnA11r anfct.
Mo.t uf The h,uk. rn,pla;n n nf snrplus Ut fnndh.
expectations of demand fur It not being realized.
Snlar af the cause, Encu nsc that ocean frelshts
traFy twice what they DHght TO Tt. thhe hetl'
t.Asin. th law rates IN this slde. The price on
whrAt rnw mtwrch Now York and Liverpool u
abplt:,4 cents. TAis rate II maintained Tor tho
rra :on that. durn. tho excessively dul! times IN
thr past. the trading lines took oil m agreed per-
crn,a,e uf thcsr steaacrs, and hence they can now
forcc prices up 10 IN unreasonable RFnse. And
now cutnc The rAlwars anil put M fseIEhtf on
wheat Jcents per hn.hea, nnd nearly the same
nru,r TN corn. for partfeu1art sec The commercial
cnurn. Its effects in r7n3nen3 dnl1ncss among
the ha1.ks n,ay Gt noticed here.
As consequence. New York exchange remains
firm Lct~crn banks Al par. To cnstnmets tho
same f.urc. The low prices ruling acseral days
uru wc5r rite nnEc to disposition on the part af
tho hanks to tnctrarc their reserves OF currency
thin to Ut extra movement OF ptoducc to the sea.
board.
Mo,rv at mn't Of tho banks t. in very large sup
ply and report the surplus actually inctcas-
ing. sc,er.l wuua hc glad TO place lasre sums m
Gill Of @hurt tnc Mt very low figures. TO CUSTOM
crs thu rnng'.. ~ usual. Is s1l0 pst esnt, with
mu.t lnans At !he lower tatc.
The 6ans c'carngs we're 81. 700. 600.
STOCKS.
New York h not alone In tie large rise md active
epccutntlcn On The stock Hoard. They arc hAvsng
genuine old fashioned "bull movement" In San
Francisco, with the '.4et.back" usually incident
in such cases. The Aifd of Aug. 20 enyA:
The murkct opcnrd yesterday with that fever 10
welcomed br every san1utne bull operator in
r.uck-. The actrityanh appreciation indicated that
el9rcs wrrc IN strong dchuaHo. which w4s s1YNtft-
ty In contrast ~ The market that 'Iaa BEEN p1m!-
din: a1"n. ~itou. life Fur months hack. The spirit
oI the market vigorous, and etock after f0tk
rnlu,1. each ec1!ir. at largely superior price
than II oltA,ntd yesterday, the public Zee ng WAS
nruI ed 70 ii Lrrnttr pitch. nnI llurc Chthuslnam
wa. hI+ptared than has lHrn Witnessed snr Innf!T
day In eiurk4. mil thu report uf "fise "-sr!pm
ctsulu'rd nse1y. hlt "tnch IL Rwhst Feceisca With
ths Et".tes; ia'Gt~w1s . .iisky d;t.1outS4 ~
eh,ns!"e%' eny "t In Inc T sioef ii"ars. % ~ t.rs.
cr number OF peoI In t,an has co,,rtc-
gated IN thrir ncphlnrhool foE months Thih feel.
itI.' nf iHl tatnn Vas n0dtGe somewhat before the
co-e Ut the ,iny. there maxim. tta appearance tn
the afternoon wrakncAs whCn tad considerable
rtIrct in ben,.lnE n.Gnt re HcstoH nj pticca.
'Ihurc which hastily ascen'lct. With qulcker
rnpu,,ty t4nrcrnlrt and the large ctnwds III tho
nrlrhborhood Of the stock Harris in Tho morning
.lw nlIel dawn tu ANAL nnmhrrs car IN tho after.
nnun while thn<c remainIn! wcrc cAseleM and tn.
tlillrsent to liz changes ntd tho situation. We ,o
not know whether thr hnurt ~ Monday and yea.
tctIay Is ysrr uut. hut srum TIL" clnstng prices
vrttrl.Ay Afternoon. and the quantity nf stuck uH.
Landed III the uuruIlY, we judge That the benefits
uf the 'ritc' hato already been rcapc1. and
stocks will ~rttlc to their normal condition OF tn
uctL,tiy, aud peohhty SEEK lower grade than be.
fnrr baldwin H. tnid 10 10 the mnster.hand In
ti. mnyrncDt Md fttlt the lle!Itnt ~ raRllty o!
The artus wo intyn no has betnthe individual that
prompted eycrytl,nv
THE DEBT or GEORGIA.
circular Just Issued by Hr. Juhn II. James,
banker. Of A,1snta. rives the following onlcfnl
e,atenrpt Of thu toadC debt OF Georgia IN the tOth
ofJuy. 1H77: ..... -..