, 1877-11-21
FINANCE AND TRADE.
Firmer Feeling in the Lean Market
ClearinEs, So, 100000.
The rroiutc Markets Fairly Sttite..Eloss STEADY
...4 Firm Tone Ia Provisions.
Wheat, Corn, and Rye stronger-0ther
Broadstufs Steady.
FINANCIAL.

This losn market nc11n. TO feel the sustaining In.
nrcncc Of the dcElund from ihn packers This IL
nut heavy. hut Its preNent nnd prospective dtmer-
rlons are cuonRh to create letter feeling. The
cnnutsy rontts hTe In an unusually bad condition.
even for this time ot yenr and collections snd
sales are loih slow. There If. In consequence,
moro lihcrnl Offering OF mercantile and manlitnc"
turing paper. still the banks on the whole arr IN.
sufficiently Fupp1,etl With good negotiable papct.
Hates Of discount were Sf110 por cent at tho banks
tn regular customers. On tic street, call losnA
were 6 pcr cent and time toana 7dea per
cent. Gs,cE. for currency wcfc received
from the stock raising rrgfon nf Iowa snh 1llinoit
New Ynrk exchange Was quoted between banks 1t
CSC per 81. 900 premium.
The clcAtings Wcrc 81, 300, 600.
11PE-issunANcE FRAUDS IN NEW ronK.
President Lambert, OF The American Popular
fIfc.ln.uEanee Company. wilt 1t II hnrcd follow
Case Of the Security. into 1fHho. lie has been In
tlictcA and Is soon 10 he tried. This fraud. COM
mittcd by tho Company during his Presidency arc
unique cvcn In thc annals OF 1!fc-fnsuFancc. When
scarcely year MD, the Company had 10 borrow
5000 from Salem bank 10 enable 1t 10 get on Its
fert ann II t,rn Immediately declared dividend
Of tcy cent, free Of Anycrnn,ent lax, for tho first
eight months Of ita ezlsscncc. equal 10 10!s per
cent per annum. a condition Of apparent pros.
pcry was produccd BY cred,,!nc to profit a,l pre-.
ninn,s on the books. whether received or mt. and
failing 10 debit largo outlays for furnlnsc salaries.
wages. md supplies. A nominal Increase of It's
s100 600 capital to $500, 900 was made. Fictitious
subscriptions and tales Of stocks and bonds 10 tho
urlount o! 500, 00D vrte entered on thc hooks.
Pc.jurrd statements were published showing ima7.
mary balance. Of more than 345o, 600. Wash
ralcA wcro made of 500, GOO Of ttock In lts 1Est
of ns.ets veto s11:t. COO Of New York CITY 'onts.
which The Company nrrer bought, neYcr owned.
md never possessed.
AN EASTERN VIEW OF TIE SITUATION.
Thu Philadelphia Ltdger says:
The movement Of money indicates tho first etcp
towards Il general revival OF bn*tEess. Tho rafeA
Of ,srancc for the past n,onh harc bcen strength
cnln. ut al1 the atrc Atlantic ctter resulting os-
trnelblr from demand for currency 10 move the
cation and hog crops, bnt really tsoIl increased
m II o hs Tes1 1t @ o
what, oat4 cation. Ant corn arg On the mosr. nnd
will prohably now continue until tho c1neo Of the
year. The banRs now he'll only about per cent
more III lcral-fcndcr* t'an Al Tho same period In
1871. There n no doubt that the country "a
few years. and that the upro1tnnttlcr for safely
and probably employing moey nn1rt tic person.
al supervision OF owners a1e lnefeasln5
THE NATIONAL rATK or AUSTRIA.
The I,anl of Vienna, tho national bank Of Aus.
trim. has n charter very much resembling that Of
the ltank ns England. In t1lncF Of financial dis.
turbaucc tho limitations under which tho hank has
to bo run produce nurn1 md dtstfcsi, and finally.
ns In the case With Tho bank OF Ensland. under
the act of 1S4+. tho Government has 10 be appsal-
cd III 10 suspend inc restriction on tle nOtb AuFF.
The charter OF tic bank expired 1>ec l. 1h1G, nnd
great e1etts are hcIng made by tho mercantile In
tercstA of Vienna In procure. npon tho renewal Of
the charter. the tuhstltutlon OF nufH elastic anu
natural system Of note issuing than that borrowed
from England.
HAFE nANK1Nu.
Ono OF tho Oldest banks In Philadelphia 10 de.
clarcd by the Philadelphia Ledgtr. on tho authort.
ty Of the President of tho hank. to have IN Tho
past twenty 1ye ycArs iost but ono twcnty-6fts Of
ono mill rcr cent OH Its business. OF this tots
more than one half was In counterfeit money or
brosrn EAank bills, lcasnX less than half dno 10
discounted paper.
THE TRADE DOLLAR IN CHINA.
The trade dollar IL IN circulation. and IL recclva.
hlc NJ .oclarc yaluc. in all Chinese ports except
Shanghai. Thrrc special demand rxltta for tue
old Spanish carnfus sGi she Mexican dollar. Tho
trsIe duar IL considerably undrsynlncl at tho
lortH where the Clinase uurernMsn! has given II a
11ed saauo.
GOLD AND GHEEAHAcKs.
Gold was l0!s. q 10It In greenbacks.
tirocnbacks were 10Th cents on the dollar In
rpld.