, 1877-10-11
Quiet Movement of Currency...
Discounts Light.
TetQl Product Of The ComstOck L0de.s.
~ A Top-Ilcavy Stock Spccn.
latfon.
The Produce Markets Somewhat Unsettled
Provisions Steady, with Better
Shipping Demand.
Brsadsiuas Turu nowaward.-.Whtat Wtak, Cera
Clokss Rirmer, with Rad Walker
FINANCIAL.


Tha banks feel Tho effect Of the recent bAd wenth-
or In their city nn,l country business. Transactions
in every branch OF trade hare been moro or less
Affected. The orders from The interior for eurscn-
cy havo lesscncd considerably, and the applications
from tho faEae qnnFter fnr redtscount haYc become
lcRs. Trade In tho country md the shipment OF
grain arc both affected BY tho recent rains btnce
tho roads hars been made too soft for heavy team
Ing, md tho farmers instead Of taking theit grain
to market, or going into thu lowna TO make pnr-
chascs, take advantage of the doftcniug Of the
ground to do thclr powlng. The supply of negotia-
bic paper WAS light md the bankers report consd-
erabe surplus Of fonnab1e means. Hates Of dis.
count rcre SOTO per cent 1t the bank to regular
customers, and on tho street rstc class call loats
wetc negotiated At per cent, and good time papcr
ht7pef cent
New York e1changs ras sold besween banks At
Sdc6tS1 per II, 600 discount
The clearings vcro -. 700. 600.
sAvIN0s DANx MAsAosMENr.
Moro than half the total liabilities Of tho New
England savings bank nre In resl estate mort
cages. The total liabilities are s451, $3.50. sol;
tho bond and mortgage assets arc Sooa,-
07o, o11. United Rtates bonds Aro Int
see, 900, 600. In New York State tha savings bank
liabilities arc $odl. 500 147, Of which $1lG, ill.,.
All are in In real estate mortgages. ttnltcd States
bonda absorbed one fourth Of tho liabilities. Not
TO conc nearer home, is safe 10 say that savings
hanks, hurried away with the community In which
they cxiated, hare gone far too deeply into invest
men.s on realestato security. Tho rate Of interest
eavlngs banks pay should be reduced TO 10 molcr-
Alto fRure thsA they can put much larger pro-
portion than hitherto Of theiF deposits In rstclass
convertible securities.
4 noCsE or CARDS.
Tho fact OF 4 natural and moderate recovery from
widespread depression has been mnIe, the Now
York Herald remarks in IL financial article re-.
viewing last weeks stock market. the basis Of an
enormous speculation In the stock market which
has outznn every confederation OF prudence. Thtto
long suffering holders Of stocks have regarded It as
tiodsend, relieving them Of their buricn, tho
great speculative operators hnvo been Accumuixt-
Ing nase Of bhAteA such as has never btcn con-
ecnira'cd in 40 few hands before. Their ability 10
hold them. al present figures, depends less upon
theiF wealth than that the financial atmosphere
thunld remain eoudlesa. Any storm may precip.
ttase di.aster In fset the speculative leaders DO
not control the market. Danger lies In the wenk.
nesa OF The Arny nt hangets-on which 10 prone TO
take Night At tho drst inttmAtion Of danger. sud.
den acara and cry OF isdurs gut peusf" wouli
threaten disastrous break which could only bo
stopped BY tho willingness and ability Of The cgncs
TO thke all stocks that wcrn offered for vale. The
only way 10 scsiet the break would bs for the op-
orators 10 take nll ths alock oGored, and thels
pursea arc finite.
GOOD ADVICE TO sMALL OPERATIONS.
Tho smaller apecnttlors In NRll STREET arc wisely
reminded by the New York World that they '.can
fave Themselves q world Of trouble ly simply act
IN. for themselves and taking profits when they
can. without waiting for ttn load OF people who
nEc only acting for themselves on larger SCALE
VIC eay nothing about speculatons which appear
10 be only lust bcgun and can show yet but 1T
tic advance; bnt in Gascs where large advance
has been moIa. on papet 1t would be we'll 10 make
1t In cash"
COINAGE.
The coinage at the Carson Stint In September
last was sl45 900 in Eotd and sl5a. GOO IN silver;
In August tho coinage was $51J go In gold and
si,vur. and In JulY. sl8s, 600 in rsde.doltats.
The total for tho 6rst quarter OF the year las been
$I'st. 720 In gold and S517t 900 In silver. Tho
Philadelphia sint In September struck Oh 81, 31s,.
900 gold and S0eo, COO silver,
ruT, CALI, AND sTHADpLH.
Tho {adIcnfos, Of New York. calls upon tho
0o'erntng COMMITTEES OF tho Stock Exchange to
inveatEate tho privilege peddltng traQlc, which il
rapidly de'troyIng tho legitimate business Of tho
Nav York stock Exchange. Ills. II declares. al
most e1clualrely N tho hands Of man who was
formally Indicted somo years ago for bis connec-
tion with conspiracy to lock ap gnld. and 10 only
Ut largo on suspended sentence. II Il not about
timo tho Governing Committee Of tho Stock kx.
change investigated this 1nAtterf
LOUISIANA BONDS.
The Louisiana Funding Hoard has Refused 10
fund Pantern' Consolidated Association bopds, or
tia outstanding Stats debt, SIS, ZOE, 7D. NO have
been converted Into ell. 221, 875. 90 OF The aew
consolidated bonds. Tho latter aMouut Il the
prescnt interest bearing debt Of tho State. When
tie funding operations ara completed, says tho
New Orleans 7H,sts. tho whole debt, II tbs most,
will only b i'll, B01, 600,
BONANZA ORE.
Tho Consolidated Virginia shipped Saa7, Tie. 38
worth Of ore In September, and lhe California
81. 172, @id. 40. The bonanza mines aru reported
10 ba looking better than sver. and unw orc body
Ii runored 10 have been discovered on tho ], goo
foot level In tho Consolidated Virginia mine.
uoI.p AND uKEENRAcKs.
Gold was 0:sItl03h In Ercenbacks
Grcenbacks Hs1s D0AatuGHc On Tho dollar In