, 1877-11-24
business Indications Last Week
---A Warming to English
Firnuclcry.
The Produce Markets Unsettled and
lr1egular.---Hogs Lower----Pro.
visions Active and
Easier.
Wheat Weak, but Closed Firmtr.-.corn Strong
for Nuremhcr.-.noSemeat at md To.
wards the Scaboard.
FINANCIAL.


.aat The Central National Ind snspcnlcd. The
bank vas rma enc, With few bnsines. conncc-
lions out itlc the city. It hAs not been tn OPERA
ton long enough to work mp lhrgc llnc OF de-
1g.s, nnl whatever l0+scs result from lta failnfo
will be- small. The officers Of The bank Claim that
the tlcpo.tors will te rat In f"ll. Little e1ette.
,ncnt was occa.inncd by the suspension. A. the tn'
tcrc.t- affected aru narrow. md the business pub
lie had for eu.le time been aware that The bank
was weak.
The situation generally In financial circles wns
nuict. The demand for accommodations was not
ptcs-,ng Rates of dlsconnt were fGSlo pcs eent
Ut the banks TO regular customers; on the street,
cali loan. arc GGtS per cent. ,.......
Orders from The Interior for currency were light,
New York exchange was so1d between banks At
7:eff ST 90 pcr 81. 400 discount.
Tic clcarfncs wcsu 81. 100. 600.
" "CuNslDERAtLE DANGER AHEAD"
The London. 77,n<s raIrcs CRY Of warning about
The cpnttition of the tfank of England. The Hank
Of France Is scsostino to financial tactics enpcrinr
10 tho.e the Lank OF England. While tho latter
has raised its rate to rcr cent, tho ank of Franco
keeps III numEnal ratio AT per cent and sransacts
ncuud deal OF hnftnets Mt eti1 lower rates. The
consequence j., that EnVlish borrowers ro tn tho
Tank If Franco with t,elr discounts, aud the Int.
-. institution Is gaining much better control q!
The lnan market tian ihe Bank "f England. The
French c0ninand Of the available gold Il further
Increased by lar4c sale4 In tnlon " stocks from
1Arls. This ttato Of nflairs makes the porl.
tun Of Lhc Hank Of England very
uillicn;t That Institution has been try
ing 10 rni.c The market rntc uf dis.
rolnt by borrowing on cunsolt; hut this weak
H,anruyrc mas had no effect IN consequence Of the
abundant supply Of funds grum tho Dank Ut Franco.
he yi.,t. lock. forward 10 Araan Of toI1 10
America 10 pay for corn and cotton, II toes not
lrlteYc shipmcnts Vt hond* and other securities to
America can 10 made In sufficient quantity. Tho
prospect leads It to ray with unusual cn,phas!s:
There IL, in q worsi, stt1f considerable danger
E,nney marsct should nut HIND Ia 70. nnd. what.
ever hardship It Il to The l'ank OF En.land to lie
ut Of the H2flct g. il now ass,. shsse ] ser' yssy
for kntnc time to c.bfnc.
BUSINESS INDICATIONS or LAST wEEg.
Stv YuEk, Nov. u. The Fab!ir says cuu.rces
Il currc. hut for general alan 1T bu+lnca4 cir.
tle.. and tho fact that bills aro pending w1cl,
lnay disturb alt values anl infect all contracts and
calculations for future, 1t IL hardly possible that
for tho lass two weeks transactinns. witt, largo
crDps. peace here, nn1 war In Europe, should hnyo
zen less than Hose Of tl,o week following the
Presidential election. There has been no such de-
csine In prtccs since November, 1A7s. a. to nc
cnnni for my Increase In tho exchanges. When
wc conptlcr that Congress may rculntn In acfstou
until next JIne or July, nnh that ltcyr will ho
conrtant danger Of nschc,os legislation al lrast,
unIcSr the President succeeds fu showing that biz
veto WIN surely suGce 10 arfcht cFcFY a<eau!t upon
tie public credit. the i'rnsicet IL not very CHARM
Ing. I.htt wrcS'A clrar(nRs. compared with samc
week Of year usu, show gAln& A. follows: New
fprk. s'lh per ccns 'iosson. '-lu; baltimore,
q; Mllwaukee' IL: l'oaIsfilc, 1J0'1o. LnsPcs
hfc u" 'h'io""' iull'ne'pnla. 1l"'!o; Ch'casor
!-I3' 1thc'hnnt.. n'i"; ~ LOUIS ~ "'iO'
New Urirans, hb.1N: Titisburs N.1U.
coNNE'T'uS.
The horh'. Of New infk' III correcting nils
tako mnde w tho London Hco"o'"'st aonnt tho
currency OF this cnuat:y, n'akca all Important
nmtst'an IN ltA ttEn. TIC FtoHoh'H said: - New
rlrcilatf"n under tic awof 1871 rrqulrcs tho do
pnst nf 70 per cent OF lho amount IN lcRa1-tener<
-Greehbacsr-atth the !fcashsy.' Tue b"rsd$ays:
Thc tactt nfc an1 i:t,ndon "as holleted 10 Know
~ ,n"tt ~ InitnI sintcs s,n.f. ,ri i..n T.,
Iu Escatcr extent th4r tU rct cent 0. lin market
va!ur Vt tho hnndt.
This inct Ia that noteh nre ssnrtl tn tic extent ri
t0rrr cent Of tho market raluc nl tho bonds outy,
ift' doer uot exceed 10 per cent of tho rar yalne.
nr s'l he tren by reference to Sec. 4. LII Of tho
1!tttt rf Tt, t7,.,a >(,