, 1877-02-01
FINANCE AND TRADE.
No New Developments in Any De-
: partment OF Finances.
New York Exchange stendy---Thc
Clearings $2,BOO,OOO.
Tho Produce Markets Moderately Act
: ive...pork and Lard Stronger.
Wheat, Corn, and Oats Firner
1.-The Rest Steady.


Tho business ot Tbs day in financial circles pre-
ented no changes. The demand for loans was
Apt pressing, and tho larger part Of the few ai'.
p11cattons that were received came from the Board
Trade. The snppIy Of mercantile paper Is ANAL
nd commercial circles arc comparatively Inactive
Ths present tendency is toward an easier loan
market which wilt be accelerated By the payment
OF the large amount Of paper falling due to-day.
Tho recent demand for bank accommodations out
stripped tho abtlitJ OF our banks. and large amounts
Of Chicago paper found lta way tn New York A.
b apparent from SONS Of the recent bank etatc-
ments In that city.
Rates Of discount vera SOLO per cent at the |
bauks to regular customcFa. On the street, The
rAto Is per cent and upward.
New York exchange was quoted between banks |
u 6oaBoc per 81, 600 premium.
The clcattngs were $c, 200, 900.
SILVER CHANGE IN BETTER SUPPLY.
The banks Of this city hare lately found their
Htocks Of silver change accommodating, md have
been able to supply It freely to their country COZ
respondents. Tho charge at su,nlf premium |
few weeks hso had t1.o effect Of arrcstng the sharp
demand from the Interior for tho new money, and
since then the receipts Of the banks hare exceeded
their disbursements. The supply Ia being con-
stantlJ Increased at its source in the Minis, md
there ls no reason why, with little patience, the
country should not soon ind Itself amply accom-
rnodatoi with subsidiary silver.
THE NEW JERSEY MUTUA1~
The New jersey Mutual Li!e.lnsusance Com
pAny, which has absorbed In succession the Crafts
m1n's Insurance Company. the Hope Mutual Life,
the Hercules Life, the Commonwealth Life, and
part of the New York Continental Life, has now IN
IL turn followed tho American National Life and
Trust Company, The American Mutual Life, and
tho Hartford Life 4 Health Insurance Company In
70 the mhws OF the National Capital ic-1nsurance
Company Of Washington. D. c. The ssockholdcra
- ttA IfnA.1A t1xn MI kni
$780, 600. but the policy holders. 1t 10 claimed.
will be protected. The causo Of this transfee Of
the business Of ths New Jersey Mutual TO the Ma
uonal Capital Life was It's inability to continue
without outside aid. Tho Insurance Commlssfonct
Of Massachusetts, had revoked it, license In that
State. a. ho had become tats1cd that lts capital
was Impaired. Tbs New Jcrecy Superintendent
was deep In an embarrassing ;nycatigatlon Of Its
affairs. and tho New York Superintendent stood
ready to continue the tnrturc soon an
tho New Jcsfcy Superintendent was through. Tho
New jersey Mutual had ovur II, 600 outstanding
policies, abont u. 900 OF which belonged to tho
Middle Department undcr tho supervision of II.
W, baldwin. and It's total admitted asscts on Jim.
!, 187D according to the last annnn report Of tho
New York State Insurance Department, were
$l 609, 88l 90, With surplus On rullcy+hnllcrs'
account Of sj5 7a:}, D1. Since the failure of The
Continental Life, about !. 0DO uf the policy holders
Of that Company transferred sclr lnaurancc TO The
I've" Se'sct a1tuu', luz Iaa"ieF ee'ns 'HAoe oy
assigning thce Continental policies to the New
Jersey Mutual, tn lieu OF which taeS accepted the
policies Of the latter Company Tho Fre'dcnt Of
thc National Capital Lilo siateS thas bis Company
uoes hot 1hschd taR1hs any new ntS'hces. anu thn'
ns It was acting under special charter from Cun-
gress, 1t will not 10 required 10 mike any s.atc-
nensa OF It's condition.
rnrs's cAr!rAL 1S WALL B7REsr.
The sx tons Of gold coin that lately arrived In New
York tfom San francisco was part OF litile hoard
that dim heenr, senator Jones, and ex'Gov.
Stamford haVc resolved to devote to spcchlat[on1
IN " ~ sleeL Slm Aeehes VINO Haa hlane @io.
GOO, QUO ny Initiating Aul PaFchaatng San Francisco
Tnin1tt AtNck&. will hofP1ff FrsfEn In NeW NoFl
"', '-' -"