, 1877-05-19
FINANCE AND TRADE.
Local Finances Quiet and Tn.
changed.
fht Rrsdu,s Markets Generally Pitmtr--A Palr
Volume ef Business In Most d.
partmtnts.
Hogs Dull---Grain Steady---The
Shipping Business Very
Quiet.
FINANCIAL.

The condition OF 10c0l 1nanccB IL for the moment
- steady and dali d. the premium On gold. There
il little demand Of any kind for advances bcsides
Tho regulnr business that Ia done ono day after
another without regard 10 tho seasons. Tho loan.
abtd funds Of the banks arc aceumu1nting, and
choice paper can be marketed at favorable rascs.
Rates Of dlacount werc s610 PR cent at tho
banks to regular customers. On the street tho
usual rates psoyhi1.
MUM between banks.
The clcafsngs wero 81, 200, 000.'
FUNDING OPERATIONS.
Tho New York Tribune examines the "lotA.
tIon" Of tho Government bonds lately sold, and
finds that, Of tho $40 900, 900 takcn "Grm" by tho
Syndicate, = large proportion was taken IN this
country. At the outsct Of tho refunasng tho
amount OF is taken abroad wns about oauht to tho
amount Of os called In. and. but for the political
complications Of Europe. no doubt tho now ANS
would have been equally popular there. Dns since
the prospect Of war grow formidable tho snbscflp-
tions In Europe 10 cur bonds hare steadily de-
creased, and tho return Of bonds already hed there
hayo greatly increased. Sales abroad have almost
entirely ceased a!nce Feb l, and at the same time
$40, coo, o0o 70 SIC, co., 600 Of coupons have becn
returned from abroad. Calls hhve been made for
$50 600, 0o0 Of per cents, Of which Sos, Goo 600
arc coupon bonds. In answer to these calls moro
than $40. 600, 900. Of bonds will coma from
abroad within the next ninety days, unless tho
p{UpoEt4UH VI Quuu0 kOlu Aulp&A AtGaEy lHEFGasG&t
about s35, Geo. 600 will have to b..
sent to ? Eutopo 10 pay for them.
The extent to which the 4H's hsye boon
taken In this country appears from the statements
Of tho National Dnntsa which show that on May !
they hold SO, 02o, 600 Of thenn, moro than hAlf
the entire amount then Issued.
THE QUARTZ MILLS or NEVADA.
The San Francisco 1ustetin, In noticing state-
1ncnt that tho bonanza mills wcre about to reduce
the price Of crushing oso from s19 to $40 ton,
says that It will mako saving 10 the stockholders
Of tho Consolidated vlrg,nla and Ca,ffornla mines
Of between 5000, 900 and 800, coo a year on the
baslE OF the PRODUCTION Of 1870 Il gIvcs this to-
formation about the quartz mills Of Nevada:
vnaa sises fn s,amps ap 70 TUT a. nanp Il Hs
s s s' ~ spess .ad 4s::
ml!s hare capacity foI crushing feum 10 e 500
@ sa ss1ns 8
sas59px :a t. III .ts sts
srsa Ia fssr sssias 9:
o5e sSs 81 g s% eR'ese e,e eha III .R
seyefa oths1 fro1 20 g % stanps tae. & cailms
sasfS. %I'is u fxsSS sstsfe:tsd P.!tle: sll@
aSS ;afa Iii reaarss essas g b e
ess s .e.r H
!aa sssnls' snpo5sd MAKE s1:ss afo.d: O.
TuR mREslsT1DLH DEPRECIATION OF 1RN4-
DREMABLB PArKR MONEY.
Tho failure Of the Spanish Government 10 arrest
tho depreciation Of its lrTcdcemAble paper In Cuba
has been announced by cable, and adds smother to
the lst Of failures Of that kind. Tho Spanish Goy-
1rnment rcsorttd 10 daily sales Of gold In tho hope
hereby Of breaking down tho premium, but found
&hat tho speculation In gold was helped bY this
<ourno. During our Grill War cur Government
tried sales Of gold and legal prohibitions with equal
lhuAlfty. Tho only way to oblttorAte tho gold
premium On paper money 10 to keep tho paper re.
dtcnable at par In gold.
8AvIN0s BANKs AND RnAIrEsTATH LoANB,
Tho loans Of tho sArtng1 banks of Massachusetts
On real estate rose In ths ten years FROM 1895 to
1876 from SIG ooo. 900 to s1co 0oo GOO, willis .hs
total depoalts In savings hanks In tho snn,o period
rose from $40, COO oo0 to 5o3s, 600. 600. In 1868
the savings banks in Massachusetts held about
3o5, COO, 600 in United States bonds; In 1870 they
: held only $13, 600, 600. In Connecticut ont OF
total deposit Of ST. 000 600 on tho 1st of January
1874. ~. 0o0 600 wero loaned on bond and mort.
gage. In Rhode 1alanl, out Of deposit OF ST.
coo, COO, 4c+, o0o, 900 wero invested In tho samo
manner. In theso three New England States tho
aggregate Of deposits In savings banks in 1865 WA
ubout eB5, 600, coo; In 1879 It was $118 600, OoO
Of which 3171 600. 600, OF 81 per cent was loaned
Oh mortgage. Tha amount now exceeds $780,.
0oO, 600.
yALuApLn MINI.
An assessment Of Coo shars on tho stock OF tho
Dayton mlno became delinquent on tho 10th Inst
Tho DH!lftin says: ''The stock has recently been
selling Al low ID &c pcrsharc stockholders thinking
that hulf.a.dino was better than the privilege OF
paying 1vu lmes for the sake OF retaining shars's
interest In tho claim. Tho mine hAa Already cost
tHa ownors 330o, 600. and IL selling at tho salo OF
IS. o0o."
HANK or CALIFORNIA.
Adam Grant md Michael Reese h4vo been elect.
ed Directors Of the bank Of California In pl2es of
Jan,es Il. Kecno had Robert r. Morrow.