, 1877-09-20
The Produce Markets stronger--.Pro'
visions Steady--Hogs Active.
Wheat anl Flour In Better Demand for
Shipment, and llighers
Other Grain Firn1er in Sym
pathy.


md II thoirnt 10 indIrntc that The banka arc cx-
tending 1onna 10 the farmers or the mil1tcmen.
VINO arc no,lnr back their grain, The city enp.
pIy Of negotiable pancr IA only moderate. Tho
t,adc or the ci,y In ait In ]obbtn: md Wholesale
htancbr. Ia excellent. hut docs not add mnch
ia tho offerings Of negotiable papor
Somctnnc like the same state Of at.
fairs rrcya,le In The loan market In New York.
The r1uts OF that civ atates that tho revival in
trade .has been marked by A very conservative
eptrit, merchants being rcnctaIIr evefsp to doing
bns,ne-. e3ccnt for cash, and hence ihs mercan.
tile requirements are smaller than uappl at this
season Of tho ycar aud tho banks arr, conec.
oucni)y, better nbc TO meet The demand Incidental
10 The crop movement" The activity among the
th'csrn banks has not bccn propo,tionate TO that
in ttndc, parlIy for The same rcason a. that rtvtn
nboye and because tho Increasing capltal of nur
merchant. makes them each year more ludcpcnd.
en-, OF The banks,
Rntca nf dt-count Mt tho b.nkA yeer Sfh1O per
cert to regular curtnmcrt On the street call ]oans
on the hest sccunty can be negotiated at + ncr
cent and arrt -clase lime ,oana at ,,6t7 pcr cent
New York exchange was sold between banks AZ
bpcflsl, 90 ne. 81. o0O di.count
The clcatfngs wcse 81, 400, coo.
ruB FINANCES or TttRrrr,
Tbc bnAncrs of Tnrkcy atc m IL ret1 L,cvr
In yery ljsotdcscd a,atc, Tho Chamhcr of Dcn.
ut,cs, with an crro. Of Judgment uaiusal rroueh
In 20 ,ucsncr;enccd and new a narllamcntnry
ND mt ioxxr hufeHf6 ofn Tim $nt III
1owc.t no..ible limits without mat,no o,,ov,rrc,
1or ma lo,.cs In revenue that mn,t foiiow hc
rrhr sheen Tar Ia lnree eoarce nj rrvenpc bnt thr
,hecn cni ro+ttc In JormcI,. m, r1rhn,, ,,ovtn.,
nayc nratlv aiI been ttolcn or ac.troyea Thc
eorrctnondcnt Of lhe London 7,,n>t n Thcr.nin
.3yna some hcrrca of rryennc and n,,on,,ttn,o
f,om tho of1rIal Turt,sh es,ymnt.z for m. voor
ls1-,-, INIT 1,e a3,u thc rantJnn ,h,t inv r,roo,
~ rewarded a. mora tru.tworthv th.n Tn,ki.h NJ.
n,e, u.oa1]y aro. Tho Fcyenur /, M, llown :, tho
.stIm,t.d aorrc NJ 4 f}l5- M nnr,n. ~ 10 -ns
:,1 Tnrkt.h mounds IA pnrse being nvr Tnrrisb
pnnnd.,. and the income ca,culnted at ,hout
9Th i,of,. o(f. Thf, /, less than thc c,t,n,,s in
ii,c bu,uet fur 1s;;.10. TINT being the i..t nuh,
1i,hrJ nj. no, .f,,e1 wbrth,r 'tha e.,l,,.,n h.a
hrcn rra1,7cd thouch n won,f not hc rc,Y ra.. IN
cuc.s that Il hat, upt, Tho exncnliturs il caicn.
lated at IT. -, 40. non for ordinary outlay, with
the extraordinary cxucndtture for war pnfposca of
TT W, :. GOO. lint a. this ordinary expenditure
eo,nprIses 1hc payment Of Interest on the putllc
debt, ant! this nc.rst. which has been suspended.
amount. 10 about xr Is, 600, COO, there would
seem tp be a, the result a deficit Of stDnk
GT. II. U01. .nnl, which wilt have 10 bo CIV.
ssrl by rpcciAl measures OF taxation. Tho
d.crea.e In revenue through the deva.ta-
ttnKs nj the consctpton and tho
ike. anh tho reduelon by the ueputfea u tho sp.
rrorrtat,ona lnvc lift the Government no resource
In, the t.suo OF irrcdcemaLle paper. AT tho
Fame l3ue, UC FAYhs |RG lWMCul1EG urgent nc.
c".sitic. Of tho war have to be met by Temporary
luni- ffou, local bankers ut rn1nous ralca Aad al
the cost Of dI.rountlng reyenuc. 1t IL fully OBJ
yinu. TINT Turkey, whether victorious Or yau-
ea,shrd, must be financially crippled for a rcry
lung time to come. am sorry 70 ray thar It II
confidently ttatcd hero that the Isst attemr,t to
Tatrc Il loan IN England has cot,pjptcly fotsJ II
l.. In consequence. proposed to uss what ati,l ra.
naus untnors,eed Of Tho Egyut1an ts,l,pte for tho
rurpo1c o; rslping ET,6, OOO, 600 Ut nor cent
nominal vuur, tho actual prico being nut At 80 ar
-, lt|ssaL also tbat the Imperial Ottoman I,ant
md its aiIica will form syndlcate 10 ruarantce
CT t. (00 900 OF th!s eurn md will eni4aynr tn
rulsc The rest without opening public subscrin.
tlnn,"
the NEW YORK BANKS AND THE cuRnKxcy
nnvzuks-
With rscor, IN tb1 n,o.nec,s y, ~, crr.on., -.
,e,.,. ~ lin Scy, yn,k hnnks ~. vo,s yarx
rim, saw. ..rnc fart ,h,t ,ho Wc,tarr h. NJ.
held on IA their reserves dnynp tho ~. Inn
to tI Inv ratc, for nonov nrc1n,,nr ~ III.
t.tmon,t M, md ,n.1in.. .bs heIinf Iha, ,hs S",.
yoH hnntx will pot hc called unon n, rn,ror.x ~,
thc ,,nn e,,rnt \. l,.t voar an ~ =. IN. Wn.. IL
concerned In A few, w.rks The r,ov.,nr NJ M I'm
,,,cu, s.u,c Of thn south will heg,n and m. cttv
in,E, vii, NJ. cnl,ca unnn for .,.l.t.ncs hn, h.'
,.nrA an inr,..,a ,rtv,,v a I. mi srn.,.o5 H..
Inc loca, muney market viii IN materially a6cc,ed
,,n,e.s nrtIhe,a1 nrnn, A., yc.nr,.a IN n cnn.o
+t,Inr.ncy." The New York Wn,H r.ntlrs IN
In an,nci,, column At .,m, i.not1, In ~. srcn.
1ncnts and apprehension, that h.ya h.rn .,n.aJ m
IL. .in,larlty hrtvern m. ronattton ~ ~. Na,-
Ynrk banks now aud in sentonbcr 1R-a =, n.
calls the fact tba, the amount Of munev Had nm In
,,,,v ucr,nBnent cntcrrrl,cu II ms. smsn ~.
cund,tlon Of tho banks Is now ,ery d,rsrcnt from
thatin 1s73, Then they were cnea-td In M mari.
tnv ,he rotten void .peculstfon ami ,ha a.,.,fx
rott.n fubtc Of railroad credit. The World as.c,,,
tbat ..the New York banks h.ys probsbl, nc,er