, 1877-04-06
Investigating The London Stock Ex"
change.--Heavy Stock Shrink
AQe9,
Tie Prtdste Hartet Quiet, aHa Generally
Eallez.-Hegs and Pforisi,us Weak.
Wheat 1rregular1y Lower-Barley Heavy
Other Breadstufs Steady.



Able resources. An Intelligent feeling Of hopeful
'ees ID prevalent, howassf and the results OF the
springs business arc confidently expected to be
moderately good. The City Of Chicago Il getting
tho bcnca Of the present stato OF tho loan market
In thr case with which The Comptroller has been
hblt 10 place tho Z per cent city certificates. In
fact, We do not doubt tha city could now effect
loan at still better rate. Tha supply OF tnefean-
tile, Doaru Of Trade. and miscellaneous paper II
only fsff.
Rates Of dtsepunt aro S110 per cent At the banks
TO regular customers. On tho Strcet uomlnaiY tho
zane quotations are male. Tharu is little doing.
Now York exchange waa quoted batween tho
tanks at 5oGl0oc per 81. ooo premium.
The c&earlngs were 81. SOC. COO.
MORE MONEY! FOR new ZEALAND.
This New Zealand people are evidently willing 70
borrow from Great Britain as long As the oasy.go-
ing Inhabitants Of that county will lend. a debt
Of 500. 900, 900 on new colony with popula-
tlon OF only zoo, 600 would secm to Yankee ~
large N could bo safely incurred. Dut NC noted
few 'lays ago that loan Of 81. 600, 900 had been
negotiated in Loudon for tho City Of Wellington,
amid mach competition between ths lendcrf. and
now the London papers contain advertisements for
a 0-pcf.cunt loan OF $500. 600 for tho oamasu
(otago New Zsalana) Nasbor Board.
lNvrsTIuATlN0 THE LONDON ErocK EXCHANGE,
The English M!nistry. although hostile to tho
motion fora Parliamentary inreatiaation Of the
Stock Exchange Of London, allowed It 10 pass, -
they sosesaw defeat II they opposed It. gsoat
denl Of antogoa,aus to the Inquiry proposed Il cx.
lib'tcl In the comments OF the London press. The
14nnton Timer rtntcs thAt thues members Of the
Stock Exchange who nre ~ anxious as tho public
to put q stop to tho nefarfurs practices by which
worthless stockr arc given 1ctitfous market val
he do not believe tho needed relief will come
through any Parliamentary Commission These
gentlemen believe that The real evil lies In tho In
puniy with which the original promoters Of corpo-
ratu enterprises Gnu make talso combinations and
representations. The arm Of the Inv
should be heightened to reach them. Tho
purpose OF s'sc London Stock Exchange, tho T7tnss
rays, Is simply to provide lho place and tho macn
cry for making md executing certain baryniuA.
Tho barEnncss must In left 10 determine Tor them.
eclses tho kind of baryatns they will make. That
IL al well enough, but a. matter Of fact The
eainesy psovidaI BY tho London Stock Exchange
has given pretended Of bastAn! bargains tbs srco9-
n!tloi, tl.a. II due only to genuine bargains, Tho
London Stock Exchange Is ms Of the must lm-
N0Etaut corporations In ta world. II regulates an
cnorH1ous mass Of trAnsIctiuns In securities, that
nu1.ber l, :lO0 md are worth, according 10 Sir II.
Watkins, at least S.5, 600, oo0. 600. snelt cor.
porat!on IN not private hot1y. Parliament should
nuke full Inquiry about Its methods Of
business. und Inquire what changes, II any,
ARC needed for tho protection Of individ.
uala anu nations. Thu matter Ia one Of
imi,otnnco TO tito United States. whose Interest In
II Is sccu,d oner to that Of utcat lsrilop II IA
great market for unfted slstes Government bonds
and AlGrltnu railway aul uihcr corporate keeuri-
ties.
TILE nAHK OF FRANCE.
Fer tho week ending March - tho bank OF France
showed an increase Of cayh and bnlion on haiId OF
81 aU, co., and decEeasu In tho rotes In crcula.
tton Of 81, 300, 600. The former amounted, March
- to 3i43 G1O, 703, AMI tho attcr to $500, b10-
7G7.
PHILADELPHIA colNAGz.
Ths total nnu1ber VI pleces coined at the phlla.
aoph!a mint In March was 3, oa7, U5o. Of which
y. 5J. COO were silver. Tho total vauo wns ST.
237. 700. and Of thai, S7SA 900 was silver.
1uE NEW RUSSIAN nAlLRo4D INTO GENITAL
ASIA.
Tho announcement that tho Emperor Of Russfa
has approved tho project for 4 ntlrosh from Oren-
burg to Central Asia dues nut excIto much alarm In
England. Tic fuIi .Xalt Ga.sts shows slat II
uss like at the other Itussisn railroads. bs built
With borrowed money. II Il five ti,ncs ~ long "a
the linz from 81. Petersburg 10 Moscow. for which
s:o7. GOO, ooo were horrowed by Russia on the
BourAas, aud tho Gasttls thinks tho mo4t nervous
ltnaso. phobiat need hare no fcar that Russia Gun
borrow even tihu of this nun, IN tho mldat OF the
present embarrassment Of her anauccs.
TIE HKxEPIr OF EXPERIENCE.
state, production has Of late been moro strictly
lu,ltru thaa before 10 the requirements u regular
consumption. and a universal disposition prevails
thn nt,nnst iis,,nIIv foa Jhc notsntIai ttshn.tr ~
ing In this soil pf the American Continent nre rtac
lcnliy bountiles*. an4 eserY year tho rtonts do
s,S tnh.cr., uo t,Ss.tx tnnsoss ~ so'1on. sogaf
petroleum slso viii continue Tor an Indefinite az.
rod to be m sxhaustls.. source Of proat 10 IT,
uultc0 asass.-Ao"aon 1fstaroph.
A susrkSpsp sArlSds HANK .REsuNEs.
The West boston Savings Bank, Of Aassaehu-
setts, farnlahts raFo instsncs Of tho resumption
IN perfect condii1o1 OF savings bank once sue-
Pcnded- II has hesn under sn Injunction slpcp
Jan. II, 1870. And fcppenru it, hontr or tho oJ
tn,t ia sx.uis m ,cnnar,no 49,, a., ns coa -. -
~, ,,ts,s. -, ~, ,.,s "s'' ~, w.
ahu ia haotlAiea ", .4l. .u%S.als giving balance
Of S1e0, 60g.b0 good many savings hanks that
~ wholly 10 the bad might be ike the
Wo.t Hns,o, n thxv ,tnnnoa .no,, .",,.,.,, - ss |
ths ara .ns,s.,ir ~. ~. 49, ny uaa
in the treatment OF thls institution.
uiN1anu1no puelnxa. ON ransin pnAac,seo
xrM,k EYcuANnF
Th. hn.,n..s os lho stneL Mas,t. !, .,,,a,. Al.
mfnLshtnE, a. eau b. seen bY tho ieeAcned nn,uunt