, 1877-04-26
CurrencyGoing tothe Coun-
try to Move in Pro-
duce.
The Produce Markets Again Excited
and Very irregular, but Gen.
orally Higher.
! Buzz Day Ia narsin,-.Hheat calfed Up 10
$500 per Bushet-frevIslsns aud
Other Grain Strong.
The Trading Chiefly Speculative.
Very Little Done for
Bhipment.
FINANCIAL.

Tho financial situation wAs affected to soEne eI.
tent by Tho excited condition Of the Hoard Of Trnde
markets. The deposits Of margins wetc heavy, and
Tho applications from the board Of Trade for loans
were mora numcrouA- There WAS reported an In.
in the otuers from tho country for currency.
An indication that the grain In tho country Ia be-
ginning to move 10 market under tho stimulus OF
higher prices, Tho loan market was Otherwise
quiet and tho supply of mercantile md r,iscrl-
Aneous papaf waa light
Rates Of discount ware SOLO per cent 1t the
banks to reguihr customcss. On the street, tho
ssue rates prevail nomlnalIy, but transactions sro
light
New York exchange was quoted between banks
At 6o67oo per 81, 900 premium. Sales wero made
1t Coo premium.
Ths ecarings were 81, 600, 900.
TnR BEARS As BORROWERS or STOCKS.
T<s FORK Journal Of Commerce, 23s,
Ono fact was made manifest to-day to alt who
wars observing tho market. Up 10 about o'clock
thcro WAS llttfo or no demand for money on call,
notwithstanding the enormous transactions In
stoeks, and from that time until the close Of the
market the boet rate that could bo obtained was
PET cent. This snows that purchasers Of stocks
were lending them out In tho Market thua furnish.
Ing tho bears with the shares which they were COM
pclled To borrow In order Ia nkd their speculative
sales tia said that some houses on tho street re-
allied largo sums to-day by lending 10 The bears
stocks that werc commanding high Entes for tho nsc
This Is done almost every day, and It ia reasonable
10 suppose that It Is With the consent OF the
customers Of The houses, II these bankers and
others who purchase stocks in the market
would withdraw them, borrow tho money
with which 10 carry them at or rer cent ~ they
could readily do tho game Of tho bears wonld so1u
bn blocked. and VIC ah0utl a00n see different
state Of Affairs. Holders and purchasers OF sharea
sna the't bankers nt,,at realize the fact shat by
leaning the property ont from day to day they arc
providing ther- enemies with tho means BY which
tho ruin Of hundfeda may be accomplished, and yet
the loans Male without hcAGAt!on,
THE NEW ORE FROM THE CONSOLIDATED VIII
01NtA.
According to tho San Francisco Chronicle tho
from the new l, 850. foot level Of tho Console
dated Virginia Ia yielding but ono- third or loss OF
the $500, which was promised from II. il calcu.
lates from the published returns and from what IL
known of the average product Of tho uppar iuvets
ttat tho !. Ooofoot lcveI produces but SO G2 per
ton Instead OF tho hundreds Of ollars that experts
have declared Il to be worth.
DECLINE In BONANZA srooHa
netwoen the lat Of tho month and tho 10Th
there WAS d decline Of so5, 600, GOO In the value
Of tho u,lncs on tho Colnatork Lode. Between tho
11th and tho 10th Inst. theirs was loss Of 8l1, i.
44O, 400; in the next two days there WIS recovery
Of &c. as8, 500. Tits left The aggregate value Of
tho mines still S. COO 600 .owor than On tho 11th,
GOLD AND 0NHKsDAuMs.
Gold was 10Gh G1U7H In grcenbacks.
GrcdnbaekA wuro D1x103X ccnts On The dollar
IN gold.