, 1877-04-18
Banking Circles Quiet-.-Country De-
mand for Redisoounts,
The New Rock Island Loans..The Now
York Bank Superintendent.
The Produce Markets Generally Weak, and
Less Aotivs, with an Unset
tied Feeling.
Downward Tarn Ia Prs1isisus, Wheat, Corn,
and 0ais--Sictks Of Grain Ia
Stort md lfaat.


EkA AN O14A+A1s
There was not mich activity ia the business Of The
bAuka. The demand for loans remains quiet, and
tho improvement that has been noticed in soma
qnarteT has not become general. Country banks
arc applying though not largely. for rcdiscounts.
The Board OF Trade applications arc not sustained
at the hguro Of Inst month, and he general supply
Of paper II small.
Tho rates Of discount arc sG1o per cent 1t the
banks 10 regular customers. On the htreet tho
samo rates nominaiy prevail. Transactions arc
light.
New York exchange was sold between banks at
y 60da75c per 81. 900 premium.
Tbs eeArtnaa wern 81, 100, 900.
1FTEcTs OF TILE UNITED STATES or wAR IN
EUROPE.
The exports Of RuselAn wheat arc t}a O0o 600
bushels yeht, and The export Of Turkish wheat 10
Great britain alone were 9, 900, 600 bushels last
year. In the event Of waet this export would bo
largely asfeatcd. and ths exports Of Tho country
corttspondlngly Increased. The other produce and
provision exports Of this country would bc Ike
wlsc stimulated, and 40 would the manufacture OF
ali munitions Of wat. The people Of this country
wou!d bare 10 pay h'zhor psice for everything
for which The foreign demand Increased, and what
wns gained II the above exports would be lost tn
cotton, petroleum, and many minor products for
which. IN time Of war, thero would be less call.
All the leading markets. would become do
fairly giving way bcfors tho spisit Of
economy aud hard work, would be reiassatcd Al tho
chief motive Of buslncss. The financial sGects
would be more uniformly In OUT favor, although
tho demand for American Investments woutd bo
largely Offset by tho sale ot American securities on
The other ado BY those who wanted to invest In the
new 1oans that will b. offered. Tho movement Of
gold to this country would be probably Increased
by war, and this would have favorable influence
on the resumption Of specie payments BY tho
United States.
Tile RANK supRRlsrEHpENT OF NEW TORE
srATB.
Dank Superintendent Ellis, Of New York, en-
deasorsd 10 explain nway The charges madc against
him In connection With the Methnnfca' and TfAdess'
Savings Bank, but IN vain. Gov. Robinson, OF
New York, has aent special message TO tho SEN
ate 10 the effect that ELLA explanations hayo
cleared him Of tho charge Of Intentional wrong, bnt
not of cuIpabla negligence, and recommending
that ho be removed. The Governors recommen.
t!st,on has boon rctcrod to tho Senate judiciary
Committee, which has not yet reported. All the
recent savngs. bank Iallnrns In New York, amount
Ing to more thsn dozen, have taken place In The
face al the system Of State Suporlhtendcnce which
seems to have been inellcactous ia The case of
aAvinzs banks as in that OF insurance companies.
cotsAdH sTATlsTICs.
Tho coinage for tho 1tst quarter Of The current
year has been. At Philadelphia, 81, COS, $40 In gold
avcr; and at Sau Francisco, 81, 2O1, 900 In silver
and o. Ho22, Zoo In guild. The total go.d coinage
hiss been 49, Zoo, Hl0 and OF Allyer, 81, $40, 5l6;
altogether $40, DOL :wl. Up 10 the dse Of the rs-
cent Treasury order Withholding from further saus
Tho 81 md 81 legal tenders on hand, tho demand
for snbslllarv silver had fallon o and tho Govern.
lnrnt dcpositures aud tho banks had large surplus
hthcRs.
THE NEW LOAN or ruA nocK IsIAHp Road.
The New York Herald, Saturday, says: apo
yond lis own innate feeblcness Rock Island receive
cd a Hetbaek In tho comparative fnslure ot tho at.
tempt 10 place tho new !Ssue Of @ per cent bonds.
or The S8,000, 600 offered only 81. GOO. 000 WAS
subscribed for, at from 100 10 1o5. Scarcely any.
thing better could be expected under circumstances
which have tainted tbs property with tho p'uguo-
spot OF Gondism. aud thereby dtscsedtel IT, value
IN tho eyes OF capitalists" Aud the bulletin:
"When II WAS known that tho subscriptions 1t 100
to Jos amounted 10 81. GOO, 0U0 the stock ma.ket
put An nn!arorablo construction On IT, but others
were pleasantly surprised; the subscriptions ware
all on Individual account. The subscriptions arc
payable either in old bonds In cash, and to tho
extent that Tho payupnss are In cash will tho old
bonds bc called. II ia not at nil unlikely that, te-
fore tie call IL tnado all that remain Of tho 49,.
900, 900 will bs sold clthcr 10 syndicate In lump
OF To o1ndlydnaf1, Or exchanged for old bonds."
COOPERATION IN CHEAT BRITAIN.
Ths ninth annnhl meeting Of the cooperative
1bS+Illca VI N41Al DIi%AIn uab 1ubL VG0n QGI0 4k
Leicester. The annual report tells that sixty.
four new ro.opcrativo societies have been reg.
iatcrcd during tho past ycat Tho total addition
to the new membership has bcan %, 600. Ths
business Of 1870 was s44, 10s. o30, an increase Of
nearly s., o0o, 600 over that OF 1875. The net
profit was a. 7b0, 600. The London 71nss, which
always holds the conservation british attitude to
tho experiment OF co operative, remarks In uotlc.
Ing the annual report that 'co.opcratIon It Ia
clearis dncato point, depending largely on tho
warmth OF private patronage, and liable 10 suGar
II ever its benevolent supporters happen 10 take
another fancy. Trade Vi the Ordinary 1ense Of tho
term Il OF stouter stuE than this. IT. present
form IL ono which Il has assumed after process OF
experiment. which haa gone on ever since tho In.
stitosion Of private property"
THE SAN FRANCISCO LOAN MARKET.
-IhcFc has not been In two years 50 heavy m hc-
cun,uatun Of coin In The banks Of San FfaacEsco.
says tho Dus!ttA Of that city OF tho 18th inst, a.
at tho present tlmo. Al tho snmo time tho purplua
ID not healthy ono. II IA not an aggregate Of
small oa'anees, but mostly In large sama, belong
Ing TO capitalists, who for the time being have no
profitable employment for H. Thla money would
readily 20 cut Of the banks In large loans On real
estate for ons or uoro years n por cent, or even
At per cent.
FAILURES IN BOSTON AND AAssAcuusErrs.
Tho number Of failures In the state Of Mas.aehu.
sets, outside Of boston, during tho int Quastor Of
tue yeAf "AS AIos IN Uoekon 5l. Tho liabilities
amounted IL r 30a 0s3 fos tho State and l. o5u,
300 ios tho city. llose tho change VI 4 year was
strikingly exhibited. While thu number Of fall.
urea In the State was larger by twenty. four than
during the corresponding period Of last year, tbs
liabilities were snaller by 81, 65B a77, aud In tbs
city ths Number Of failures wAs brought down from
Ill to u. and the liabilities from SO, 167, COO 10
II, o5D. .6oo.-Hoston 0iobs,
,..- GoLp AND 0AKYKyACKs,
Cold wns l0Uh NlQuK In RteenhackG
Grcchoacks were pGo3K cauIs on tbs dollar
In gold.
FOREIGN KxcuAN01,,
e,,,,. Sixty days. St1Aa
367N 4H3x
Fsue btIM
&1SA