, 1877-10-18
ps2I1'.a ,oo. aapo7o !, 80 Il, sa ,so

Stairs
AND
rEEkItORtEk.

THE ATOCk AARHEf.
moro than ordinary interest IN fell tn tho New
York stock market because Of aE apprehension
that tho New York banks may have gone to dsu-
Gcronn lengths In asssttng the SPECTATORS. Moth.
Ing Is known nbuut tho relations between tho banks
and the bulls. but the fear we alude 10 Is often
uttered among bankers and merchants. Accord.
Ing 10 ths reports uf The New York papers, tho
market utterly lacks outside support Tho 71,aes
ssys there s absolutely no buyIhY for Investment,
and That consequently the arrival Of tho inevitable
dfy when some Of the bull spcculators viii choose
to unload, or BE- compelled 10 do 10, IL awaited
With very natural anxiety on the street, The con.
rctiou is growing TINT tho accnmula.
lion Of this immense and growing
load Of stocks In tho handa NJ 4
few rpeeula.ora threatens tho financial
tranquility ofthc whole country, io say nothing of
Wall strrrt. The Nfraids ansnctal editor records
lhe samr indifference OF the public 10 Investment
lures. With oil the digging AMI deIrlng on the
sars Of the great specustora. he says, their crop OF
aocks has not mot with ready sale,
il THIS 7HuEf
Thc brooklyn Ea7te, In lts financial colnmn,
nakts the statement, which ID pronounced tfuo by
the Indicator Of Wall street, that the
reports Of bnaness 1t thc Stock E1chan9o wetc
nf,rclahir, shn"ins IaI2e solums whcru lho
noftrd. The object Of the parties concerned in
TINS misafatemcnt was to E1ye thu impression that
a. Is WITH woaa q y r.
aders 70 ss.s .heif attention. snt tn this way It
VA hopea .hnt some victims would he drawn tntu
The net. Guoh ]liEes VI the 4ctual business Oh
tbe Exchange Asscst thai .quarter Of The salts
repoftra arc duplicated. buth sellers and Iaysls
tors, and q this snoaut lnuru than Third aTs
wtshca~ nt otheswlae ncsitlous. Thcrs sro
:E9" fssa Ga, ,ntv o. ss E1shspss prohibiting
enforced.
THE NEW 1oAK BANK STATEMENTS.
misleading feature Of thu seateu,enta Of tho
Vrr k,.rL L. Shnt
average Tor ss1 days, 50 that II te movement b.
rising or falling ono tho a'ernRs does not 1cvest
tie condition Of aazrs 1t the date Of the state
nent. II II suggested that tbs banks be renuIrcd
10 state thels xctual condition al the tme OF hei.
statement a. well ~ their averagu condition.
TREASURY GOLD cERTiElcArEs,
Ths Secretary of tho Tscasury a Recommended
by The Hew York W0ftd, speaking In tho interest
Of .ho specie value Of the legal sader. 10 diseoa.
,inue keeping gold for ths public. uy ceaang to
issne certificates for gold aud eaucellng tho ees.
tidcAtea - fast ~ thsy srs paid liz will relieve
himself Of responsibility not incumbent on him,
and will compel tha hoidsrs Of gold to keep Il
thenseyes or place 1t In the banks.
YlnAAczs in NEW YORK.
in comparing Tho present condition OF finances
in New York with that At previous periods, the
New YORK Tribune dads that
lht icgsl.trnJcI seatFve has not been ~ small 1t
ehla date In any other year sincs tbs War, sxcspt
c!feu!atlou OF ihs 1snks bean smal in any year.
except lb7d Ths IoAus Are also sMAilae lhln ia
sny year slucs ibHl. The dspostts, tess tuecis.
only alhU D0u. u0O AGAINST 3!OJ. 0OU, QUO lsak
year. 4421, w. 600 In 1878, Ana $!l8. COO 900 IN
1874 but they xsrs smA1let. with much larger
leRa1.tender fete1ye, In la72, aud In lbd7-1B10,
inelus'es. In edeet, the banks have not hern II
~rak. t1 proportion to their liabilities II lhis
stason. IN snJ year preceding. except during tna
suspension Of lb7j. and yet tho money market is
iol sspcen!ly dl.tarted. nor II thsss general ex-
pscut.oo Of dnicuty.
TUE PREVENTION or "KAistA0h u FHAups,
correspondent Of the New York Journal Of
co4"u<fes huxgesss that such fofgettes and over
esoes ~ xefs committed ~ Gilman and Morton
could be p1tvrntsa, hrst. By stamping On ths back
of every bond OF certificate Of sloek the dals and
authorization Ut Issue with las slgnaturs Of F,sss.
dent and Vice .Pree,drnt, and tecundly, By rtRis>
tertng all such securities at public oiaes or vii II
= trust company.
lSchEAsk on NATlodALrHAHK CIRCULATION,
Several Of tbs New York banks acting UPON the
belief that rates Of lntere.t In sbe future wl b.
higher than they haso been in the list two yeals,
have applied for new circulation. The AetiopaI.
1tAn National Bank has appl!cd for s., 2..5 GOO,
&nd has deposited the bonds for with the authorl
lies II Washington. ThH ltaTk National Dank ID
going 70 tAks uut $500, U0o peW erculttlon.
GOLD And 0REkAnAcxA
Gold wts lv3% q lD1A IN gresuhscka-
Cfesnb2eks were 03A907H 1ent& On the dollsx
In Kuld.
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