, 1877-05-30
fhs rroJnto Markets AttiSo and trtgu!afly
Stronghold Sharp Advance Ia Pork.
llogs STEADY.
Grain Excited and Unsettled-. Stocks
: of Ditto at tle Close Of
Inst Week.


't4'"A'SoN SuN"'1e P"FlA ~ t~~|N~f ~NN'
when good. 10 readily takon. Thefe 10 IN ovcs'
supply Of loanahlc funds.
Rates OF discount were 8O10 per cent a. inc
nanse 10 regular custdmets' oh tne st1ee' tae
usual Variations on bunk rates Ecto tnaac. g..
Now York exchange vas sold bct~ech bnnks o.
toap'oc pct S1+ obo discount.
The cleafinga were Sa,aoo ooo. --- ---
NEW YORK DANK MOVEMENT FOR TIN con-
TRACTION or T13a CuHHENCT+
A plan Is under dEecussfon By tho Now York
.banIs by which thcy may reduce the amount Of
outstanding e.cenbaeks from fls present fRnfe OF
S:}C0, 600. 600 to 2a00. 600, 0oo. The machinery
for this contraction by private enterprise Ia puccl
ny ths laws Of june 70, 1874. and Jan. 15 1875.
Of tho dlapofal OF tho banks in auch Way that II
they cooperate the eFcenbaek currency may bo
contracted ona-aixth In q few months. Thc plar
Is TINT ns many hunks as possible shall unite In hp.
PlleatoHs Tot mn increase OF circulation, THIS
H,ust be gfauscd under tho provisions OF tho re-
sumption act, and at tho same time tho additional
circulation 10 Issued Tho Secretary Of the Treasury
must dcslroT rfsenbacka 70 tie extent OF NO per
cent OF tho new circulation. Tho new circulation
received by the banks IA to be at oneo fcifcl under
the provisions OF tho act OF .lano 90. 1874. Tbs
net reaolt OF thta opefason, which IL In strct &c.
cordance With tho law, IL simply contraction OF
the leeatshacFs, anu tho operation has only TO b
fepehted certain number Of times to cause tho
retirement oi nc sHo, otu. 200 outstanding above
thu saH', ooo, ooo down TO which tho Secretary Of
thc Treasury Is allowed BY law to reduce ilts legal.
tcndcr currency. Ono bank using half q million Of
oonHe can perform tho operation twice In n month,
thcfcny putting out OF existence $500, 600 In
efeenoaeaa IN thlttg aaies amt BANKS eo'optratius
w'tahSe hha balI mli1onH con'd compel Tue rc.
naeson oa s'o. W. uoo ~ seven montha Tho
Government ena'a 10 ho'aihg. beeanso the "a" is
ury popartrcn, len mu.t n,o,a ~ tn ncso,,lsns, @ wsi
their cunnls for TIM fssue o nc,y notc. or n, ~
trsmcnt ~, no,as s,,nnsv ~ i..no" wv" nea ao no
Of thclr surplus means au,i tho consequent
strengthening Of tho loan market
an. ~ MfoMts t e,a. AND hAroRTs.
mary statement OF tho exports and tnporta Of TIM
United States for tho montl, ended March nj.
1877, End tho nino months ending on tho same
date, compared With Lha corresponding pcriolju os
1870, These figures 1how an iuctcasp Of luupotts
for tho month OF March, 1877, over 1876, but y
dccrcnso for tho nuo monsds ondtng with March,
aud an opposite movement In exports, which arc
s1a for the month but morc for tho nine months
ending March, 1877, than for tho corresponding
period in ls7G Tho total imports In March, l877,
were e5l, 10a 70a, mud In March, 1870, sA1, 658,.
Tbl; for the ntno montha ending with the former
month thoY were sl5l, ,G71 40, and fue the s,m.
liar period. andlng March H. 1876 $500, 1Oj, 7:,a
The domcstlc cxpnrts for March Of this rear werp
Sts,e73 ao2, and for March Of iaet year, <oe 414,
olo; for the nine months ending March 81, 1877,
they were S5o0 $50 GiD, ngatnat S4S8 ia. ABS for
tho similar period ending March u, 1870.
TIE NEW RUSSIAN LOAN.
Tho Lopton 11,nta Of tho 18th lust. has a dis
patch frou, It's 1ctn correspondent giving the pa,.
ticulars Of tho latest Russian loan. lie says:
Tie bRtch ar1n concerned In tho Russian dnan.
clal operation y Ltpmaut, lsossnthal ! Co.., at
iiiivnrn to aIvnnn ~ ~ nGes ti n nae ".
months, and yields per cont interest and 4 puF
cGut commission NcssEs. Acntgfssoht.. at Iee-
HE @ Eentnn1 al nsst. .n n,'a .Mu Gomptolf
risht OF advancing n Kns.a ia MnD' M ,natIs
more, the sana conditions, Should ieuasia want
anothcl advance. ~ SECURITY 1futsn depoaItd an
adequate amount o. nor Q per ecats.
TIE TRADE or FRANCE.
Tha htest french Statistics show no arrest Of tho
uo"n~afd tehaehes 0! tas commerce OF France.
1ao otesh' eehesal fctufn OF INC expostA ana I'M
ports the ffst four months OF 1877 wns pub
l1heu 10 fafla On tho 18th inst. The total Imports
Seio s%'e. @s'o' ooo' and tho total exports sol7,
ho''.2 2oo. Tho sum or tue two does not compare
fayoraby With that Of tho corresponding period Of
la7t year, when II rcachnd SiG0, 156, COO, The
Imports fur the four mouths slightly exceed those
for the same months Of last year, whI1s the az
rhfts ore el1. .600, 600 below thoso Of laat yrnr.
The impottatinu Ut articles Of fnod shows an In
crease Of u, 100 GOO for this year, and theEe ID
diminuon Of IT, ZOO, 0o0 for that Of natural prod.
uch aud matciasa ncce4sary for manufacturing In.
duhtr!cs.
GOVERNMENT F1xAncss.
For tho ninu months that cnded March n last,
The receipts Of The Government wcfo So0l. CSC :.
1l5 and tho expenditures $3.50, i73. 900. I'm 10
May :5 tho el,stnms receipts o. thls dacal year had
been SLIT, 1l0 b.a aGaln.t 8l4, I'll, ,uo3 fos The
satue pcs.Ud In tho preceding ascal ycar: and In
jntatnal revenue tho fgueca for Tho snmo rortoa.
-rrn INU aud 4topf n m oo, -,