, 1877-05-29
FINANCE AND TRADE.
Some Increase in Bank TRANSACTIONS.
Glearinga, go, 900, 900.
The Produce Markets Generally Stronger
-.-Trovisions Stendy...tIogs Firm.
Grain Turns Upward, hut the Advance
Checks Shipments.
Figures that Do Not Agrec-The Move.
ment from the Heaboard.
FINANCIAL.

FINANCIAL.
The cieartnes indicated an iucfeaso In transac-
ttons, ar usual on tho opening day OF the week.
Othcr~iae tho financial attuation remained 1nat ~
qulrl &nd uncyentfu 1t during tho last week.
Tho demand for loans ia light, and confined almost
snttsctys 10 regular customers. Business ia general
l{ reported 10 be comparatively inactive bv tho
Wholesale dealers and johbers. Tho hanks arc
offered but ltlle ontsIde paper Of desirable qua.
fly, anl ind thcIr loanab1o resources accutnuiat.
Ing. .....
Hates Of d!seount wero 8l1o per cent at tho
banks to regular customers. On tho street tho
usual variations arc raa"o from bank rates.
New York exchange was quoted between banks
d 5NGb75c pes 81 GOO premium.
Tho cleArnph vcsc 81, 600. 600.
WESTERN FARM MORTGAGES IN NHW IofaRs
Tho Commercial and f1nandal Chro1teit says
IN Ia .ntcst issae ut ita lassttors lfoafAiy;
II re5l.cstate morissecs ba.sresa 4 e astlve. and
psobublJ At no former limo hare Western fnrm
decline In Government bonds md raaisnad fccnri.
s!cs has turned a,scntoa towards seal essts mort.
Tic Wcst il pe.ccpth,y easier. tic choicest bonds
nnd MORTGAGES being now nac at pcr cent, ssllefo
nes Ut aoa e@and 1 0s ol
companies hare thus lar given, ihs only practical
kct value may bo givtn to rcai-e,tuto i,u,its and
nos.gaac. snd te snecess Of their york j. seen u
sn,e ~nmmantis ~ hsuj, mica A. thc nair mort.
EnEes at or per conf
man ropn nA1twAy-NonrgAdH bonds.
Holders Of rniiroad bonds In the hnbFt Of con-
ry,tn1,t}no ,hrm,c,rr, rn,n I'm odvsntapn nj their
sItuntJon n. comnnrcd win Tint of ttockhoIJcrs,
M msttcr how l,adJy Inn latter NAV te CHEATED by
sh,ir +,r,tccz -.thc 1,frcctnrs. lonIhn,acrs
h,yc .nrc thing Ia nat thoirs flrst ttcn on tho
property Of tho toadf True. bnt 1t now appcars
ih,t thcro nro mortrures md u,nrtrnroa, Nortoa.
r.os ,s1,o Inv. romnf,rcnt,y rrovta forward tn
forrc,o.c On thrir accurity Tor tbe money loaned
th, t,u,nuanr t,atn suddenly hcrn confrontcd win
tho ,nost ecriou, impcficctIous In The bond
n,,,., ,yhlc,, 1hcx manned 10 nct. Sometime,
III. hopa merely an,1nrtyr. hnt f,oca mt r.
untrc, tho Trustees to forcctosc In casc Of default
,ou,rtiucs tho consent Of d 1arco p,onorttoD OF
tpndho1te,s II rcnnlrc,l, somc,imcs tho bond
hoIaer IL o,,osci nnIv a temnorarv lnttead gf A
ncrmancn. notscss}on-o1, tncsc nrc n,ntcmcnts Of
actual experience In ono case aud another, Tho
rcsut af tur,c or snmo similar eIn,stcr uroytpon
; of tho mortgage Ia. tint The bonLho]dcr
a unob,o Ia cnfurce tho sccnrlty bo supposcd
:! In Ind. rim nor,i II. wbcn you buv RAILROAD
! lonaa. ar nnx otho, Kind. read tbs contract far
! vourRe}f AMI do mt trust Il, sbs advertisements
! uf II.
= TIE ER1B MANIAC EMENr.
> alr. John 1Earoll, Of England, who has under.
taken 10 clear an tie mystorlcs Of secsns rls man.
ncemcnt, has made q report II lhe ErIo stockhoid.
! ces In London lIo uses very acvrto language In
! dctctlhlng tue operations of 3tr. Jewctt nov Re.
! cciyct aud pormap D. Eaton, Afr. Harold nascrts
that Tho bank,1,ptcv proceedings by which Jcvctt
i tbrcw The Et1e Road into taukrut.cy Vcfo ufraud.
! utcnt and coIu.iyc. and calls npon him 10 recon.
i clio biz .colored report to tho English stock.
J hoIdera on Dec TO- lN74, when President pi tho
I .oad, with his declaration yo months afterwards
s In the bankruptcy proceedings that It had been In
.
llaro!d charges him with fastening on Tho road fot
4 which ho wss counsel worthless leases that have
cost Il g. 5Du ooO and gad)cd II for Ill tisap with
!, perpetual charge ot $3.50, 600 a year.
Il sAy1sos-uArX REGULATION,
i Tho rn,o Of interest 10 bo pa{A bY say!ncs banks
y IN New York state has been limited bY tj,o Lceis
!; jnturo to ner ccn, nn tbc ucrcrntaro 10 denot.
3its OF the aarplus to ba accumulated has oca In.
Iercaecd 10 Is per ccat. Taa Superintendent Of tho
.lBankiue Department fs directed not to estimate
stocks aud bonds AZ thc,r market yauo In oil cascr
las tho law formerly prescribed, but not 10 value
them above par In any casc, md not aboso their
;;.masket saluc II they arc under par Tho sfatc-
fmcns OF tho banks aro 10 DO nado hereafter sol-
H. hAnA aAAa'sAitoaa ,,;s'' IN NEw 1ohk. -,
xsa ,o se'p ct tas Committee .ea mt to ays.sate H
kl.m, evidently cscape any olc!a, scntcncc, but ho
fy;saaaes avoid tho .wts aaa sure condemnation Of
itpnbiic opinion. The history Of ho-'nsuraneo
E,sapcrIntcndence prcsents to view no chapter Of
moro shanc1csE connirancc with thtercry than TINT
'exhib!ted BY tho career Of IIank'sopertnisndeat
y Eis. Of New York State. y. Is proved That, astof
having been directly Informed by his aaslstant
tcid. that tho officers o. The Third Asenuo Savings
tt}nnk were making fo'so statements Of liz con-
II Alton, Ar. E!lls allowed fh8 hank. 10 con-
4, a}n,u six months In operation, and then consented
70 the appofn,ment "a I'cccycr of Tho Secretary
.t.r, ,,osn ooIh tn ,h f,t. .,,t,n,,,. tr1,.t. ~
~ aH"o 'a." ~ ~. '"ho et".e'eu1s. 4""b ~
Lie oHcia! thlsnstcd by the Sfako with the PTotcc-
Zion ot the dcpusiturs put their funds into tho
,,ans Of the officer whom, ho kncw 10 ayo falsely
Z Sru5 t,.n5r,,r,1v ,no,,,., tn h.,l,
tEt9ea 'tauuA'o"t'J h'apaesu ts'o nA"N'
~, THE BONANZA BULLION fAobucT.
~ An nmthnTlatiye statement has jMst been mnde Of
Il he bullion production Vt The California aud Cou-
i iaoldntcd ylrxnla Mines 70. caei. month o{ 1876
H.. That of thu California was 4t3 400 HI fof The
4car and Of the Virginia tlB COT, 1lo
In ali, 10. the yca. $50 0U4 Isl, Tho Chronicle.
! t.iDn,yx{ns Tbs statement. SAYS:
II Including Tho discount IN silver, milling and
u mining c3tentrs. 1t requires II 500 0O0 gsoss
h as"!nrt % pay cue dy!dcnd tcatatD1a lass year
~ @ .u.a !,i4 ncJn M, r., ttsr .tsr paS ay
:" rnver al XII tIl0 eross for each ~ ti1tfen il;
~ xauinnR tho statement It. VIII 10 seen thut oniJ