, 1877-02-14
FINANCE AND TRADE.
Inactivity Prevailing In Atl Depart
nents of Banking.
Now York Exchange Wenkcr--"
The Clenrings &2,5OO,OOO.
Tho Produces Markets Moderately Active
and Experimentation
Again Weak.
Wheat and Corn Firmcr...Oats and Bar
10y Turn Downward.
FINANCIAL.

FINANCIAL.
There were no ntw Important Developments
among tho banks. 4 moderate eurply OF paper
was presented for deconnt, though not as much ~
The hanks could have taken. Tho applications for
loans camc frpm all aonrcca. In The present sthta
Of business on tho Board Of Trade and In nercan-
c circles there is NO strong don,and from any Bin.
g1c eourcc. The loan market IL in an easy condi.
tion. and has eou,e surplus ut tho command OF
desirable borrowers,
Enses Of discount werc sS110 per cent to regular
customers Mt the banks. On tho street, rates wcro
7 per ccnl and upwanl.
Now York o1thnngo was weaker. and was OF"
ferch at BOGD7ac per 81, 600 premium.
The ceatinys wero fs. zoo, COO.
THE BONANZA MINES.
rho orc product Of tho Consolidated Virginia
minc for the i've weeks ending Feb. was =, 4Sl
tons. at m average value Of nearly quo pce TIM.
The product Of the California for tho same period
WIS 11, UtlS tons. Thu huon shipments from tho
first mine were. In that time, sul1, 127; and from
The second, 81. 705 1oo. a Total Of s., $50, 21S.
Thc average value, A ton, Of the product Of these
mines has fallen daring the past year from Sill aud
sos TO 500 and $50.
nASK-ExAM1NATioN IN CONNECTICUT.
In giving the particulars OF Tho arrest Of tho Pres.
ldcnt and CashIcr OF tho Fafmcrs' and Mechanics
National bank Of Hartford, the ono for falsifyiug
accounts and tho othor for cmbezzlng, tho tclc.
graph fnilcd 10 give onc Of tho most interesting
features Of tho ease. Tho total net loss OF tho
bank ia about $500, 600, Tho susrIus OF s700, 900
will be wiped out. and tho capital Of 81, 1o5 600
ho impaired nbout 10 rcs cent. This enormous
loss was tho result OF operations tint extended
over months. during which ovcsdrafts wcrs al
lowed, aud brd loans madc. ard yet tho President
was able 10 conceal Tho real condition Of tho bauk
during all that time from tho Bank Examiner.
NEW 1ohK eAvlSns DANKs.
The ravIngs banks Of New York city hare ra-
Gently made their annual sutemcnts. Their dc.
rost. Ian. /, 1a77, wero SID, 110, a5i, mn In.
e.ca.c In tho year OF only S!5, GOO; tho number Of
!cpo.!tnrs has Increased $500: the avctngo
u,nont Of each deposit was s|o'. 81 Jun. l, 1870.
aud SOL. 10 Jan. l, 1877. Tho amount Of do
pns!t. Withdrawn during tho year was 81, no.
nI7.21, which wAs s., Zoo, 600 moro than wns
withdrawn In 1876. The deposits mn r. during tho
ycnr amounted 10 s72, III, 2}4, and during tho
previous year to ST. B7O, o37.81, a decrease OF
s., Tlo, 900.
THE CONTINENTAL LIFE.
Among other frauds pcrpctratcd ty tho manage.
mcnt Of tho Continental LILO Insurance Company
was returning their cash In hank at $50, ,D77.41,
in their statement for 1875. The Cashier Of tho
Company has tcetlded before Mr. Butler TINT Tho
vouchers for this sum wcro forged, md that tho
Company did not have hnf that amount In bank.
INSURANCE INSPECTION IN NEW ronK.
No further revelations Of H. incapacLty could
add anything 10 tho popular contempt for tho New
ihrk Insurance Department, a confirmation of
thc low opfnlon everywhere held about 1t ID tho
fact tllat tho New York Superintendent Of Life.
Insurance has not yet revoked the right Of tic
Life Association Of America to do business In
Sow York. Th[s Company has hccn expelled from
Kentucky. II has An agency In Now York, and at
The end Of 1876 had IT'D policies In force In That
State.
THE VALUE OF INSURANCE INSPECTION.
II Is notalonc in New York TINT tho syssem Of
in~urancu inspection laa CONC 10 gsicf, Tho
frauds In 81. Louis show that tho Missouri De-
Iatmcnt lns been altogether inefficient or corrupt.
III Hail that St-'Lous Inns winkol at moro in
shranco frauds thun any othur city Of It's szo in tho
country. Tho Governor Of Kansas has dcclafcd
his lack Of faith IN stnte supervision: "T4e
State certificate Of solycncy," be vays, ''has
proved iu tho past no security for Insurers"
Gov. 1agIcy. OF Michigan, commenting On tho
fact tha, although tho State l,ns an In.arance
Superintendent. Its citizens last s., T00 GOO of
INSURANCE by the failure Of tho Continental, re-
iaura that, ''ln the case Of failure, each policy
holder m.tst lock out for himself, aud o. each
oncs interest Is small compared to The wlo'et tho
Receiver Or Assignee dlsposcs OF the assots for
The bcnclt Of himself and tho stockhollefa n he
sros ut ~ to d. and tho policy .holJce Is left as
chief munrhcr."
TIE GnL1s MOVEMENT IN ENGLAND,
Notwithstanding tic lnzgc exports Of gold from
London during tho past few months, not only 10
the United States. but 10 Germany, tho North Of
s:"ro:c, and Paris, the baiancc Of gold coin and
l:ntlI"n In favor OF England for tho calendar ycar
just closed was greater than during any year vince
,sl. Tho imports Of gold into England IN 1870,
according 10 tho statement Of rt1icy q Aboll,
nHnuutcll to Sl1G. 90: Peg, ;a0, and The exports TO
SOL, 0b1+ Ra0, leaving balanca OF S11, III, 600.
il!r Imports OF gold were about s., 600, 600
greater In 1876 than In .1A75. notwish.