, 1877-12-20
ccreasing Business in Bank
Cfrcles..-Clcnrfngs, 3d.
100000.
American Securities Abroad---0ur True
Policy Towards Silver.
The Produce Markets Generally
Stronger, with a Fair Volume
Of Business.
Wheat Excited By Eurapcnn Adrlces''.
is There Another Corner
In COrni
Packing Operations and Grain Receipts
Lessened by the Miserable
Weather.
FINANCIAL.

Weather.
FINANCIAL.
transactions IN financial circles arc decreasing.
A. tho ccas!ngs Indicate. Tho weather Is one cause
10r thla, h1k another Ii the uncertainty with re.
gard to the future, which indlsposcs men to extend
their operations. The srrpy Of negotiable paper
was not large. Mcschhnts nre not having good
collections, and are borrowing On that account.
Tho packers arc now steady applicants for dis.
connts, and shcir paper readily accepted Ivy tho
hanks. Conntry banks hava not sent In recently
thelr usual nmounts Of paper for rcdisconnts. Tho
aggregate business Of the banks every day IN dis
counting Is not enough to keep their funds In
profitable employment. and leaves them with moro
than ample cash means.
Hates Of discount wcro sa1o per cent at the
banks to FeRulnr customers; on tho street rates
WcFo per cont and upwards.
The orders from tho country for currency wcro
email.
New York exchange was sold botwecn banks At
Coo pcr 81, GOO discount.
Tho cleaEfnEs were 33, 900, 900.
AMERICAN sRCuNlTIEs ABROAD.
Tho London nmN. In announcing that The
IS 200. 600 loan Of the baltimore Ohio llatroad
IL open for subscriptIon In London, makes como
very Interesting and appropriate remarks on the
bonds. Tho baltimore i Ohio Company IA cioso
corporation poseessing large number Of Rubfidary
lincs, the actual condition OF which nobody outside
tno o'te'a!s Knows AnJthnx about The 1ff"fs
cinlnae the nnofty or aouos'na whether the "sns'
Plas ol eash eahinRs' cIaimed 10 amount 10
<5o, l3o'ooo Ia good hsaet, 10 long a. fnll nc
counts Of tho working Of tic CompAny'a Inc
nre not periodically made. With all Ibis surplus
the bonded debt has increased from $19, 461, O0O In
September, 1aT 10 s:1', 4a3. 600 In tho lnuuc.al
yeas !ual e1oseo' nno HOW uoo moro are TO
oc auocu' 4ne 4t"e" aaf'fcs tae nsl'ieh phbne 10
aso'd tnis Da'tltofo . oh!o loan hna al
DINERS OF ING same K'na until the boFtowe!a
ato feAay 10 give corporate poast'on to Their cred
ltors' and to give them power which would be
1elt AZ once dtd anything 60 wrong. All tuch
loans ought 10 DC Issued under trust In London,
AMI TUG lrnstees should be elected ~ anu Held
fcspon'soe 10 proprietary registered In tho or
oihasy way. Ihen, when anything went wrong,
.the'e "oald AZ once uc d ta'1ylng point. anu tho
n'eana VI 'rinshs inc 'a'1 iofee o! the hodefs 10
pca1 On any cofpofauoa' AZ u - now. when a
railway or Iofe'En loan mas collapsed. bonttGlh.
efa nave uniformly peen he!piess. Iho bankers
VINO so!u INC oohds ha'o madn thc'f commissions
anu pron'a anu eenseo cnt'fe'J 10 ta1o my 1htet'
est IN lhe man, ana the bohahoaefs hte 'eIt 10
hounaes IN he'p'ess cHo11a 10 get even Inc Iaets
hpont thelf investments .......
AMERICA SHOULD cnaAr1H 0oLp, NOT SILVER.
AZ al asAiStH III tuo INMATE 4HHyH4iHe NO"
vcmhcr, George n. Weston gives Fcasoas why lhe
true policy VI thss Country Is to cheapcn gold, not
s'lrcr. Tie den'oneilsatlon OF sllsor force@ q
larger expectation OF " to Asla. This redHces It's
nufchasn" power, atla ihcEcuEcs the prices ot tho
ofsnlal prouncls, which nro bought there with
Ft'xsF anu imported Into thss country. Europe
ehnfes INC toes u tho extent of ta sarp'ns siFee
WHICH has ~ 10 sold. oas lhe gfoatet anu Fcrma'
hent LOSE fa1!s upon tlls country, which u atcadY
MUnCtikation, roll IL MaLlc dcaroF, Tho CnttoI
Btntcs gains thurpt,y so far a. Il II a pru.
duee. Of ga,d, but II loses much moso on tao
ra5"snth ia "as ~ u'ako ~ so1I !" Europe.
no. @ ,ess than sioo, @ ooo &C., % rnis /. as two and
"s' ''"ea ~ n'ae" ~ out eo'o psoonet' lhesc
w.o polIcy for tbs United states Ia 10 enhance tl
~ nomu. I'M % nsoIu. w p,fpa' Eu. 'sa'sa
iaeat !" Atlu''"s ~ psoauI' VI Inc ea'.. ",a 10
chsapch void, with Which II mist paY its large
foreign dctts or BY Which the valnc Is measured of
the commodities with which 1t makcs the actual
payments. Mr.. wcstons says: .'T1,u policy nc,u.
al'y pu!auea anaet tne 'cslsanoao % .! 1s'a' tends
ts not IN American policy, but IL a Hrttish and
German policy. md il supported by l,sltlsn md
uethan ~r'.css ~Ilhoat hu.'ocs. very naturally.
thoy asssgn every species OF reason except tho real
reason, which IL that they arc writing IN thu Inter-
est Of their feapectlye nations rhoau otiect IN n
tnc,aaxs tha xalno NJ thn ,1,ht. .1r, th.r, ';
,.n,..',.. ~, - ~ .s,s a., ~ 49,, ~ ~
INTERNATIONAL uoLn AND siLsEH COMMISSION
A special Washington dtspatcl, 10 tho New York
World statcs TINT d movement for tbe ratal,,a,,,
mcnt ~ nm stIonai ..lon IN i.sarn,,uo
ueas " ~ sou'.a'.o" W "s'csM'ao
hseu ,nte'snis Tue sa'aa o' s'eF co'hs az conf
pared with gold coin, ID already being asisatcI.
Thu banking and Currency Committee Of tho fiouxv
h,xn ,rr.v 81 v ,romnr,.l .1,r,J br ~ t,.a.t,...
sI., ~ 49," .,,, "e~ -! ,e'ue"s
Ill.,. aua osu.. '.',,. s'..eens "
New llayeu. asklng That Congress provide for such
". .1,1''I, -, ~
r+1 iIsn ttttn = - t ~ ussAs nni! Ms !AiA.
.,a w .tpMuu 1uh".h4 aHtuHue a"p AFeet0Fy, TOT
45I7s couta'na ah tstlit1td O! kld taplal 1n1 ~
8GtYt OF banks IN 4Feat Britain. AZ fulluwl:
f,tnttof 7p..<x..