, 1877-04-13
Considerable Proportion OF Matur.
ing Paper Renewed.
Enforcing the Currcncy-Lnws.-.
Tho Boston Clearing
House.
The Produce Markets Moderately Aotivs--
Provisions 1teadier, bnt Tend
Downward.
Wheat and Corn Yeak...Otfcr Dread.
stulrs Ffrm..-Tho sCali.Do
Difficulty.
FINANCIAL.

FINANCIAL.
There are 4 good many applications from makers
Of paper now maturing 10 hase 1t removed. Tho
genera! demand for loans VemAins light. Hoard -of-
Trade operators arc not borrowing much, and this
Is also true OF the mercantile md miscellaneous
customers Of tho banks. Theto Is a surplus Of
1oannblc fuuds.
Rates Of discount arc slt0 per cent at Tho
banks 10 regular customers. On tho ssrcee rates
arc about the tAu,c, with tight supply Of paper.
New York exchange sold between banks at 500
75c pcr st. 900 premium.
ENFoNCtNG THE CURRENCY LAWS.
Tho Treasurer Of The United statca has been dI.
rccied by Secretary Shcrnan 10 keep hs a special
fund. separate and apart from ali other money In
the Treasury, tho legal.tcnlcr notes received In
exchange for silycr con. under the provisions Of
the ret section OF the Joint resolution for tho ia
ste OF silver coin approved duly -, 1875. These
notes will b held for tho purpose Of rcdccmng
tho frAc.ionaf currency. Tbs fssne Of this order
by Secretary Sherman shows Tint the joint rcsoln-
ton reforred to must have bcen dfarcgnrded by tfs
predecessors. Tho resolution reads a. follows:
sass;
ths reilrs,snt snd de:tInetioh y lks .moant g
Ta a lie faa s Re fssfG{sS y &. .aa
sep1ose% pfa * tx april " s3s '''' - ''''A1 " 'D'
Tho amount Of 1egal-tcndcrs that has been re-
ccivcl for silver and Is to ba kept hereafter a. q
separate fund IL now about $40, 600, 600. 4 f[mi-
lar might be pursued with regard to the fund
for the retirement Of National Dank notes. This
now amounts 10 SIC, IA, GA. Tho Law requires
only that the fund bo placcd on deposit with the
Treasurer Of tho United statcs but Secretary Sbcr-
nnn has the power to direct that Il be kept apart
fran al, other moneys In The Treasury. Asa con-
sequence of the neglect OF tho previous admina-
i'm 6CNtn an1N
lcsal-tcndcrs received for susidiary silver, Sec.
rotary Sherman, Il IL Fald by a Washington cor.
respondent, will have to trench on tho currency
balance Of tho Treasury to the extent Of havlngto
resort 10 public gold sales.
TIE BLK FRAUDS.
Tho New York Journal Of co'nmerte has III
doubts nhont the reported Immense frauds IN tho
Importation Of stk. Itsays that Last month care.
fnl reappraitcmcnt was mndo In The cano Of
81, 600 600 worth Of silk said to nyn bccn greatly
nnacrsalncd for tho purpose Of dcfrauding tho
rcrrnuc. large numbcr Of experts in tho silk
trade wcrn examined. and there was no suspicion
OF whltcwashing either in The inquiry or The re-
suit. The appraisers In thla case reported An In
ctcate Of valuations on the silk to Nh amount rang.
inE between IL nni OF per cent, without penalty.
AZ fair settlement, and thoy entirely acquitted
the Importers Of any intention to dcfrand the
Treasury. This importers a1cgc that In this And
tcycral othcr cascs like 1t which haYo occurred
tho action Of the officials In tho New York Custom'
tiouse is att r'butabo to tho influence Of jca1ous
domestic manufacturers.
THE BOSTON CLEARINGHOUSE.
Tho annual meeting Of tho Clearing House Aaso-
cintiun was held III tho rooms Of the Association.
Ily tho report OF the manager Il appeAra that tho
aggregate exchanges for tho paat year have been
So, 800, o00 gPJ, Tho aggregate balances received
and paid during The eauo time have been $32l,
THo, 900; average n,outtly clearings, S1Ot, U74,.
bn1n eCJ ,rtk Last
year tho clcasings show decrease Of per cont
Tho following named gentlemen werc choacn Of
1ccrs for tho year ensuing: Chairman or tho AEso.
citation, James II. neal, President Of tho Second
Natioual Unnk: Clearing House Committee. Thom.
na Limb, President Of tho Now England National
Hank; A. b. Hodges, President Of tho Washington
National Hank; benjamin T. Bates, President Of
The National Bank Of Commerce; Samuel H. Wal.
Icy, rrcridcnt Of tho National Revere Bank: and
John Cummings, President Of the shawmut Natlon-
al Bank. .-Bos'on Adetr!ss<r, april 10.
SELLING DoNna FOR 0nEENDACKs.
The New York Daily Bui'etlA objects to the sug-
grstton Of the New York Tribune thAt the scerc.
tary of tho Treasury sell bonds for grecnbacks.
!, reminds tho 71ibuns that tho National hanks arc
required 10 kesp on hand At all times IS por cent In
1esnt money Of teir ontlte liabilities except bsnk
noles and that It would bo impossible for thon, 10
do FL were ono or two hundred millions Of g1stn
backs Withdrawn.
TOO MUCH s1LvEH.
A good many Of the banks aru complaining Of a
slrplus of silver, and II is suggested that The
Treasurer Of tho United Etntes notify tho Ma
toual Hanks that ho will hereafter Foltetn silver
rain in certificates, grsenbacks, or National. Bank
nutrs, ut tho vsrlons Sub TEcasurics, In order 10
tclcse Tue banks OF theE surplus Of silver.
GOLD AND uR8ENDACKs,
Gold was 10a1;61oo In Rrcenbacks,
Gr"cnbacks wers Mi0l4A cents on the dollar
In gold.