, 1877-06-29
FINANCE AND TRADE.
Bank clearings, $4,000, ,ooo.-'
Discount Business Dull.
Ths Produce Markets Moderately Active,
and Most Of Them Easier.
Hogs in Very Large Supply, and Weak
Provisions Relatively Steady.
Wheat Declines s1owly--.other Bread
gtnffa In Fair Demand.
FINANCIAL.

etuifa In Fair Demand.
FINANCIAL.
II the bsnks had 10 depend The year ronnd on
such discount market ns the present for thcis
proGts. their dividends would disappear. Thcre 10
no pru1t In banking when the applications for &C.
commodAtlons ste a. restricted and rbteB a. low A.
now. The licht clcat'ugs fsom day to day abow
with tho unauswcrahlc logic cf figures that never
lie how quiet tho bnsiness Of tho city has become
ID all ita departments. TEansactuns atc conhneh
to tho most necessary and mcEeat routine opera
tious Speculative enterprises arc hardly dlscuss-
Cd and never entered less Into the calculations Of
borrowers.
Rates Ut discount were e6b10 per cent at tho
banks to regular cNstoucrs. On tho street, shs
usual VARIATIONS on bank rates are made.
New York exchange Mas sold between bankers
Rt 5ol75e per 81, pOo premium.
Tho clcAEines were s., Do0, 600.
THE TUMBLE IN BALTIMORE \ ONO.
The decline In baltimore i Ohio railroad stock
tho Baltimore f.ock market lately 10 attributed
by the papers Of that city 10 deliberate attempt to
protlncs panic. The parties concerned combined
to offer large amounts Of short stock in Baltimore
and London markets simultaneously, aud by limit.
cd offerings o, puts Ia baltimore, and by
false Etports, such Ms the largest shareholders, l.
ciuding PEesdent Garrett had uploaAel tLrit
rtock upon Tho street.; that President uAssctt's
paper freely offered upon tho street at high
rates Of interest, etc, to break down the market
Tbcy .urcncaca In carrying n do,1n tn ~ but ,aI1o
pprchosrs at lint mint rnnr] IL IN rccnvey m rsr
r,n New York Errn,no rosi having ,tate,, thot Tim
epttre transactions in u. S u stock On tho Daltt-
more Stock Exchange sInceJuno havc not nmount-
ID to 2, COO the baltimore sun remarks;
Tho ppsf, In common with other uf our New
York contemporaries. locs not clcartJ uudefatAnd
tne enoat'onoI nc Eni'lMneo @ = nnao Hoaa os tas
s,ork rrn1csents nnIS ahout s,a Xxi Gsn wbsrr,s
our New TURK cut.trn,potary snccustop,ed to si0O
0oo, Guy md more FOR other trunk lines, anl he.
f.osh, tae T. a'mo.S 81. = Elo @ II NY speeu!ase
grnetsily boII Il yoE Investment. ani ,housh IN
times ol general distress uni tIniinss,, likc ths
present, The ttoek may decline when weok Or
.e.gneneh noiers pfesS G. I. Mpan tne masseL, tnefe
H., ~, wcu tfny ram ntcI 4 "H u NH nS,ecs ~
they consider 1t was racri1ccl al last week.
unlrsu ronstoy toAya
The 1,r,trh tn,eatlnv nublc In. ,o.t I'm.
uncu.c suns bv Tho foreign toana m whc,, nc.,ult
has bern ,nsds II j,ns to b,amu for th,s i;ot uoIy
It, own credullty and te 1,al faith N Ihc h,r,nw.
c1s. but The mltreprescntatoua and bcouI1,np urt.
OF En:tI.h bankers The commissions these men
have received has made Il more 10 their interest 10
fcrco their couutrytnuu than 10 pyutect linn, Il
vaa by rin,ilar deception t,nt Tho t'ero1un bank.
srs iovdcL t;sru,uny with worthless American rail-
road stock. and hpn,ls Ef C1sfdrirsase the Official
lag
nrss time the facts with regard to the ptacln7 Of
tho Costa Rcan iuans. Two loans were out vi, tho
Lonlon lnarket-ono In lS71 md tho uthcs In
1b1a They amounted 10 seventeen millions. but
uf this Ca.tA Nca received only nvo millions.
Tho rest rcmaincd III tho hanla of the 1.oudon
bankers.
MUNICIPAL DEBTS IN MAINE.
Whlle tho population Ut Maine decreases, its
debts Increase. An oalc!al statement show, that
ths icuts 1f Auburn, Lewiston, Portland. t}nrh.
ncr, Mnllowetl, ltuc4land, lsanyor, Uath, Calnis,
Nl,dryoe1 md Eaco wsre 81. EU4 A.l4 In 1etpf
1,u-n 49,. -, I,I -. 80 ~. a..
Al lou 'auJ "nn oefe'ope" " Aas1ofsI1.
or shlA laFss ~ only s,ss'. eio Ind
n-.,bcr who a1tt 1hH 4ah h.1 hccu ram
tracrcd FOR war. railroads. and othrr
purposcx, Th4 case of Portland IL Ycry sAd. That
civ hu. assumed del,, Of 81, eco. virtually
nll Of Il for r.i15oai ul, Thu towns maize le,,sr
showing than the cities. Twohun1rcd uud clgn,y-
four OF them report municipal indebtedness Of
g. AlB bt)u in ls7J decrease Of 81 alI 747 slnca
lSty, There were seventh -four towns cnt,rrly
fire. from ,ubt. and la from which no rcturns
wcro tcctlytd, Tho apr,e-uto Jcat Of tho citict
nuu towns rcpa5tiue vss 3l1, ,p1a ~. in 1870, an
iucrcasu Ut Ax] rs. Ti3 Iii The decade,
INSURANCE DECEIT,
The Inst ANIMAL rcpurt of the Metrupo,,,an Ftrn.
lnrptnncu Company Of Hcw York. In TIM hand, of
Kcr.fycr SINGS January, "a now found 10 syo boen
iv,nv ,urument II stntt1 tlnt tim Cnn,n.nv hc,5
1tnt,5 st,,e. bt,n,,. of thc n,arkrt vnlnr of sta
OaM The truth /, tbrfs ysru none in tho uosscs.
s,on NJ TIM f.o,upnnv wl,en thu rcpo,t WINS ,nade
1e rppt wiz fslsv In umitt,no To n,cptiun scyar,t
1prvr INNS now .scefta,urt To Iayc lnen ,uado bv
iha om,nny m yc,v ,n,nl1c,ont xeeurty Thu
nur.ou xult1 nj tbe,a 1nts,vora4ontatIona wna tho
President. Il. II. T.. Gro,,pu1
As uSoL1su VIEW or rl,s nzsuxpr,oS or
RrErir rAYNgxra
Tho London Jt,,<s u sbe lyih inst. saws:
How luz ann urr,atlpR y. certain tu,1tton OF tho
prorrsts Of t,- .ac. u redemption putpn,es will
work rr,na,nA ~ Ia teea. Ruh lhn exlorAent will
oe "atssa WIN sreaa hs"sss ~ a., ,nrt"s
=. ~ s"r1 ..uu r., fu,r, II, INV ranMfrv nu1 H. IN
of ali ID a tun,iry IeAsily Ia Iap, hItoaj.
uOLU AND sII.yHn pAopuCIIoN.
1tiaa wet,.jnonu ucrulIa.ity Of tho nroductinn