, 1877-05-26
Dull Days for Bankers...Light De-
mand for Loans.
: The New York "1lcrnltl " for tho
Silver Dollar.
The Produce Markets More Aotive-Hogs
stronger-Pzovisions Steady
but Easier.
Er.ad,tat1, vtr7 ,Ytak...ln Important Decline ID
Wheat, Flour, Corn, aad Oats.


The condition Of 6uslncss among ths banks re.
mains the famc. There nro but few applications
for loans, cxccpt from the regular customers, and
these are not In want Of extensive eecommoda.
tIons. Loanable funds grow daily larger, and tho
accumulation Of Idle money Il great
Ratcs Of discount are aGb10 per cent al the banks
to ftgulat customers. On tho street, tho usual
variations aro madc on bank rates.
New Totk exchange Was sold betwcon banks ak
5oSb75c per S100 premium.
The clcnrlngs wefe $2, 800, 900.
4 NEW RECRUIT IN THE SILVER DEBATE
Tho loss Of scnstoe Jones, who il reported 10
have deserted tho sivcr-rcmonctlxatto party, IL
moro than made good BY the accession OF tho now
York Ntratd, That Journal faa I'LL now refrained
from committing itself 10 either side Of the debate
hui, In fts Issue Of Wednesday morning. tbs lead.
ing article II dcsotcd TO elaborate Argument In
favor Of tho restoration Of tho silver dollar 10 ts
old place In our cosuage. The Herald docs not
deny that single gold standard may be thoretical-
ly better than bl.ntetslilc currency, but insists
that tho problem beforc Us ia 10 get rid Of thc
grccnback, and procure in it, p!ace a PRACTICABLE
stsble, metallic currency. The htrald says:
Ws ,pn1 rG ssoad y ays ID
i s9sxss p a. s!vsr .osssa ss X ssSaid
tic
thatxe cannot ts:ans .lioat lsfxe sotn fessfss
is:i 1s III: . Is
ss9ts Ssn E ~ Il
put u precisely whero stood sixteen ycars ago.
6u rsa as
II e
psymeat; moro easily % the bas!s OF both csa thaa
As To the dactastlon Of silrcs the Herald srguca.
Il syer n wen ee sr.y.
~
%Ss sn'sssd s!iS ssaseass psesT
lnhddition tothss, It believes that with the re.
noncukatlon Of silver the variability Of It's valne
would largely disappear. Ten or twenty years
from now we tnsy be In position to take up tho
1old standard, but tho practical thing for tho prcs
cnt II to nake our grecntacks ~ good a. avet.
Theae uttorances Of tho Herald show that II has
adopted tho views long urged By TaE Tuinpxr.
They aignallae the accession Of a powerful ally,
and arc especially Significant because they show
that tho ferafd has discovered that tho real popu
Jar pretctcutn OF the Eastern StatcA, md par
ttculasly Of Now York, ia for tho double
standard, and not for tbs gold standard surrcp.|
tttousiy est4hlshed at Washington. The bankers
and boudhoIdcrs Of Now York arc bitterly ho,t,let
to tho agitation Ia favor Of tho reconciliation Of
silver, but the Herald has evidently become con-
v!nced that tho main body Of tho people, which
form Its constituency, demand, md will have, tho
rehabilitation OF the eilyas dollar.
BoAETulNd ron noAAow Ems 70 THINK ABOUT.
N<1 1UE& f<E&H5UR foMt
When. "a at present, 1t ID dlt1cult 10 employ
money even at very low ratios, It,may seem uuums.
~ 10 round nota OF warning respecting tho money
market the coming sutumn. II Ia possible that
money may remain very cheap during the whole
year, but II gold nhlpmonts como MP 10 tho OK.
pcctAtions OF those who closely watch tho for.
Sign movement, particularly OF setns,tics, and
Il tho Treasury at the aamo time pqtsuss
the policy Of temporary contraction which many
insist thdt It will do, tho rate for money may b
expected not only To advance hut the market to bo
stringent In the autumn months, and this inde.
pendently Of tho crops or tho Increased dcmand
for money incident TO the ateaJy Improvement ID
business. There Il enough In tho outlook 10 make
prudent peoplo consider whether It wontd not pay
to borrow money for the remainder Of tho year
even now. j..
ArnIL nuLL1oN PRopucT.
The groes bullion yiald the nineteen best mInes
Of cailfprnia and Novada for April was -, 0g0,
600: Tho psoduet OF the California and Consol1.
datud Virginia tnincs for April compares a. fol.
lova,
ls7h INIT.
GeltfOrnls.. 4at 81. ~, no
Consolidated flENfna........ = 37.o .on ltltJ,UN
Total...4.."..,..........sa .sa ssa, ,ues1 o., no 90
Tbs bullion retuens for ths 1tst four months Of
1877 have boon ~ follows:
January fifteen n,tNeh. ,,...a....s....p e. tfh3 mo
Fsbr44fy, sl1sCsn nlnct. 1Htt, ~
AZ