, 1877-06-30
FINANCE AND TRADE.
scanty Supply Of Good Negotiable
Paper.
The Produce Markets Less Active and
Lregular-The Leading Cereals
Weakened bv Fine
Weather.
llsss and Provisions Sitalltr. nat ths Latter
Clssed Iswer.~Ths lnmhtr Crop
and Earket.


The situation in financial circles remains IN:
changed. Tho counter transactions are down To
the midsummer level. and the hurply OF neeotta.
bic paper Is AZ seanty ~ 1t usnhly is 1t This Inter
mediate period between spring and fall ouatncts.
Tie demand for good paper Is not met BY any au'
equa,e supply Of that commodity. Tho ioanaele
means of the banks arc fnctcas1ne.
lsntea of discount arc 80 per cent al tho hanks
In tcguIhr customers: on tho Street the usual Va.
1iattons from bank rates arc made.
New York exchange waH sold between banks At
5oa76c rer 81. 600 premium.
The elearincs wcrr s., 400, 00o,
elLvRR AND rn1CKs IN INDIA.
landon Ernnomtsi JHns ~.
AIr. nnKchot, in his evidence before the silver
co@!tee la.t year ma!ntalnsd at t. ne q eses t. 81 2,
ra-e price. IN India. and, indeed. fn sl conntries
n.ins silver a. = standard currency: NohoAy now
conclu.lon namely, t6at erports Of good. from II.
da would be stimulated. and imports of silver nto
lnd. woaa xrea'l h1s asssads ss hesn sa r.
10 th,. theory. ii viii b. uscfnl, therefore. 10
e eeeonon'e law law h.s WORKED il practice:
the correspondence between tho Government Of
the effect which the fall III the price o. Silver had
on .fade. on rcmtttnnces. and On prices IN india
the foreign Imports md exports q thc Home.y,
Presidency monthly. for tso past tl.rsn years, Of
Ltrtxn rk5A Hrnf N
oS thina roi i.af in 1S;l,. ejJc by sids win Inc
ta,e Of exchange and the Imports and oxpofta Of
gold, 1t vii! be sccn that ~ soon a. silvcf 1Sil IN
London tae ns,es Of sna so*e ~ ~ n' S III H.
I'M rtenac' ~ h7 the hIu,e.t oricc Of rold In Tho
~ same % o".s: fhs H. hsss efee of eela Vi; aeeca
panied by large export Of tlsr metal; nna - An.
gast to IN nf IL"
cmnnrre,snn nf Itsn NJ nrfcrs WITH IN increase of
exports may be seen in tLc opposite effect Ut fall
OF gold IN liumbay in January last when silver was
10 ns Ws t,a VI ~ i.s,,nrt ~ rni't N
tnn snyrcnnIinr NINTH, All iust ~ Inc arnarrnt
chcappr1s OF unli brought II int1 tho lndlan mar
krts III February la.t ~ the apparent aHhfnees oI
tnc n5t!ctG eantca y 70 tG s9!a ,u. a"@ ~ nt.t ~ ~
$si, IN .,,rnr ~ }een attended, y Increased cx-
ports from India IN Enld lie nciinn Of duprs.
ctAed market raine Of rlvcr hat simply fccn more
Esonp! tnan gu tn mssa .. SsS .,,, ~ ~. % ssm,.
In III easr. VIZ INV '''s ''o~e'' -"
rua ra,r,uonx 4 ou,o RAILROAD,
1tts ,g,rmc, il, n ycrv intelligent correspondent
of thc Now yn,t gau Tint the t,altkmors ,x Ohio
-,.nAo, n"o - $3.50, s..,. =. ~. ,.,,,J ~
naiToaa- tns1eaH u has!nE e"tp"t {" e'".u'ca VI
$m o27.3 BOT, ID behind $40, GOO, ooo. y has,
~. nrn mo n mi. he trne. the real value Of
nI,r .' =. nn A.,
hhn'h'oss q Oaio etocA' no" te".cu ~ w ~
par, 10 only 31. Tic SAME authority stalea tho
ooo Ths ,snort ~ ihn nni,Imorr 4 Ohio i.alIrosJ
wv. .n' y. ."' ne o,u 1,.. -. ~.
ssstcs ita isaott'es a. $tA'o"o'oA"' nut ~ t'.''
must be A.sued tho Companys gaAfanteee NJ tht
otherwise worthless Marietta Il Cincinnati, Pitts
burg Connclsyttc. end 1}altImurr, pilnbusK 4
Chicago Companies. These Increase ths ia-
btt,ses to 9:T. 400, 900. Tu this ~, 00o, 600 Of