, 1877-02-17
The Produce Markets Less Active and
] 1rregular---Provisions Stronger.
Corn steady..-wheat Easicr.'.other
! Grain Dull.
Wheat Prospects --- Opinions
!, About the Market.
FINANCIAL.

|
business Is likewise restricted.
Rates Of discount were SOLO per cent At tic
hanLs 10 regular customers. On the street, rates
were per ceni and upward.
i New York exchange was wenkt and sold pet"een
banks at 1t.Ge5oc per 81, GOO Premium.
; Clearings were -, 400. GOO.
+ THE MINNESOTA RAILROAD posps.
The compromise offered the State Of Minnesota
By Mr.. $. Chamberlain, The largest holder Of III
lefaolted rnilsoad bonda was not entirely salts
factory to all lue members Of the Committee OF Tho
leglalainte having the matter In charge. MT.
Cham bc ,laiu has unlt concession Of $50, GOO on
his previous proposal, and has written tn
the Committee rs follows from this city: ~ Will
accept for each per cent bond surrendered ii. '6
ia new per cent bonus. interest commencing June
4, 1877, or 81, Coo interest commencing ian. u
l679.
'.1n either case this Is less than 10 Ner cent Of
the amount legally due me, and q further coueet"
nton Of about $780, 600 upon tho amount OF my
c1AIiu."
. Tha bonds and Interest now amount to s., 00o.-
coo, and Mr. Chamberlain ts rcady 10 forgive the
State more thnn 81, ECO. 000 Of this debt. Tho st.
Paul Pioneer Pyt1s Of tho 18th Inst. remarks:
.*Ec lcnrn that the proposition Ia satisfactory TO
Ill The members Ut the Committee. WHO Will unite
In recommending The passage OF uils cmbouslng
It Iu connection With proposition to devote the
zoo, 0nO OF internal improvement Iauds 10 the
payment Of tho principal and Interest Of the new
= proval next fail"
MORE OF JAr oouLp's TACTICS.
: Among the gossip prevalent to-day on Wall
street report which, co1nlng ~ It did from
wrll-infosned rouEcs, occupied considerable
amount Of attention. II waS stated that the Allan
, tic 4 raciae Telegraph Company would soon elect
a DosrI ct Directors, who ute represented to bc
u,cn Of high position and ample meaus, and that
,hey purpose extending their lines and pasatellny
the Wesen. Cnion throughout The States. The
consequence of this rrnlor was further weaknela
In Nestern rnion stock.-Ntw FORK Heraid,
Fs1. II.
The grcater part of the depression In stocks ap-
pe1,s 10 bc ar.inctal and designed uenabc certain
large apecu1atots to cover thetr short contracts.
Whether they propose also 10 buy fer m advance,
as many r eople think, merely 10 sec;.re the
profits VIII ch exist only on .raper while tho con-
:, tracts arc runn!nG+ 10 auothcr matter. There ~
rome rruuesd for taking hopeful view Of business
matters tnd OF the transportation interest; and
" certainly speculative assistance can 10 had from
the public except when hupefnl Views ptcvail In
: the usrkat Hence It ts argued by rome that the
bears ass nbout trndy to chauKc fidcs, md that
+, they are very lucky In finding new speculative
: money rezdy TO bn placed upon tho ftska which
they wish tp abandon. The couEse Of operations
In the market appears 10 confirm tls view; espe.
rally sklucs 10 Ia dftrcgsEtcd In tie farl.
: ons attacks which hava recently been made. II
This View psoyes correct, the street will suddenly
discover shnt a formidable bear Interest has been
/; shifted to new men, - has occasionally happened
before.-tSt@ YORK ''ostd, Ftb. IA.
, THE NEW sTocK EXCHANGE.
The name Of tho new Stuck Exchange In New
York will be t'Ttsc New York Bonri OF Open
Brokere." The Admisaiou fee will be 3lOO. Ths
Opan Boatd will rucet at O::!Q H. and remain In
se1,Ion TIL 4:30 p. m. Asttady SIS, 600, 0o0 Of
captal xro altd to be Interested In It. Hates vt
commission are l!kely to be 1.1B OF per cent for
TAT ,3o onk I'm III HnI
1,32 for local operators, There will be no price
died for dealinga With regular bankers and hrokert
~ Will be \ strictly open board and perfect
''frce trade" In stoess. A feature Of tho Kuro-
penn Bourscs Il 10 bc Introduced tn - Hoard Of
F~eisu Exchange Tllers will n1so bn . ~ board
OF Exchange OF Government Nonds, " for all aaml
from 800 up to millions, open for business at all
;, loslneas hours. It Is also intended 10 hnve 4
! >'Uureau for Borrowing and Losnlng Currency v
time upon stocks md ali ether cullaterals thai
hre dealt with On the Exchange. Jay uould sup
bo1,s the new movement.
:: TUE PRESIDENT or TUE aANk or CALIFORNIA IN
+ WALL ArRrtT.
i. o. Mills, Ra!stou's successor ~ President oi
the DanE Of California, Is out In q letter in tas
New York newspspers, III which he says: ~ bel
leave to state that all reports connecting ne witt
anv combination 10 inaniputnts Western uRioE
Telegraph, or any other stock are erroneous enc
unfounued In fact" Tais guarded denial calle ou
from ''A Suffering Member Of stle Pool", Whit b.
: calls tho '.cxact fAcia." lie says: "When sh,,
pool Was being otgauizea, 1t Wan thought desirable
to hars the prestige Of Mr. Mills name to back tt,
movement Accordingly hls cousin. Mr.. JosepI
q. Mills. telegraphed 10 him In san Francisco II
cipher, aud procured hia consent 70 taking An In
terrst of ~. 600 shates in The pool. These fact
Are well known TO the leading members os III
pool, and application TO 3. u. Hoocock i Co. vii
J. verify tho taEegoug statements. Hut II II NOT
all surprising that Mr. Nills should w!sh 10 dis
connect hiuaeIf with tho pool now thlt II II de
feate4 And disrupted aud heavy los IL staring II
: paembers IN tho face. which, under legal decls
ions, will fall upon npd blnd tho responslb,
members for payment"
pANE Losses IN HARTFORD CNpKRsTArgb.
Il, now known that the aggregate lotres OF III
Farmers + 3lechsulcst EatIonsI hank Of Hartford
t,ouu-, Will bs 3i5u, 700, or Slb0, COO norG thu
was t1st estimated The losses are 81 ~, 600 I'M
yalrmxns Of cspltal the blottinx out OF t1a0. %
oi surplus and proEts not divided. and over 81, 0t
= IN yGtIous tut1ur debts. Although the fnal resu
i,as not been Eeacbed, II will tot vary more thau
lew thousand from the txuscs above given. and It
stoekho!dets Awsit tbat 4esulk before dtcfllr
whether to rrpas tho dedet iu the cap!tal stock
reduce .ts Auouni- A committee TINT has bst
making On examlnst!ou Of lhs atIatra OF the Fir
!, Hationat Bank, In which deficiencies were disco
<ssd In January, hsa reported that tho loss
from bao loans aggregated over S.50, coo. tie an
plus u 3.sao, ooo On baaI In January being los
:, and the capltsl stuck impaired per cent.
THE COAL COMPANIES.
Iu order 10 show tho shrinkage OF cspisul Of cot
Y carrying and mining companls. for tbs yeas, ,
print ths folloSiu: tatle prepared b3 ths Nuw "
J1uSAui Of Cvntatret:
-SIock-
=. Ftb. u, Ft-
Gaaptta!. 1871. il'H. SarAko
Central ~ JeFseJ.. *, tIxl I0 lD4 I5k $lh kA. {
= 1Ie!. l. lIl.!svH..:. 4hG<a0t3 l3lH ~ !ttl4t
Dul. Lack d W.. ~, kfab, A6 1t3A u L.. 7ts
: tis i:s,.s ySss:::: !y:.:is: ssf::s i tx III;
=
Tota! shsinksze OF capital. SUI 1ahi
Tbs Delaware l. Hudson Canal Company Eto
Il In y p2ueky coud,.iou. Tho tosTaa1 u!
;: '.Ttcfe have bcen r1mosn A6uae for sosne i!
!, 1rcIudtcal to th!s Company. ana tho oticess sho
:; consider whether 1t II not best 10 ailencs th
stories at once-be!oEs the stock falls 70 low ~
essate Stampede TO sell on shs part OF ths hold
.butja IliuAfs 4