, 1877-10-25
Financial Circles lnactlye...The
CIearings @3.2Oo,ooo.
British Trade ... The Four.Pcr.Ce Cents
Ahroad-EngIlsh bullion
Movement.
The Produce Markets Irregular, and Less
Aosivs-Hogs Weak-Provis-
ions Tame,
Wheat md Corn Depressed By rtaec Runars, and
Higher otsaa rrtIghts.


A moderate demand for dlscounts. decreasing
counter transactions, and tighter dow Of curren.
cy to TIN country. and greater return Of currency
TO tho civ, arc thc features at prrsent of local
finances, Applications from interior hants for
redIscounte constitute A con&.,r enb,e norton az
The business done. and viii do so a. 1onr a, I'm
farmers coutinuu to carry A larrn mart nj their
grain. and whlln the timn Ia. mt v.t rnuc IN
move The bocs to market. CITY customers a,e ,,t,t
independent Of the banks 10 great oxtcnt, not.
withdrawing the difficulty Of collections and cou.
seuucn,ly the supplies Of negotiable paper arc mn.
satisfactory. Rates of discount were sfatO pcr
cent at ttc banks 10 regular crstoluc,s; on The
street, brst .class call loans At rcr ccn and nnex-
ceptlunabio titnc leans st car per cent. New York
exchange was sold between banks Ut tar,
The elcarint's were 81, e,N, 900.
THE FER Cents angoAr,
In explaining tho tactic, by which lin syntIcatc
In charge Of A new Hungarian loan ara frxirc N
force 1t on the market, the London Y5m+t threw.
Ruu,c lnt on the p1csent condition of the i1nt,c{
Stu,cs PC. cents 1t asserts that the real ultimate
Investor, The pcrton whoso harl cash alone fur
nIrhcs syulcatce and anupc{crs with Tho means of
covering these foreign loon. Ia not 'nov tonehfno
such lpans either hero or abrond. They have
hardly. according 10 tho 1fa,+s, lookea at even
United states per ccnts OF ~ pus cents These
honns arc beginning nore AMI more to show the
ilt'conscqucners of ''Syndicating.'' They arc
lower than They wtrc Al tc start. The per ccnts.
for instance. as we'll ~ the tx per centE, wero
tasen mp mainly BY tho unemployed asscts Of go
hes"crn institutions, such rs banks. financial
sne "' a,'u 'ac u, luz. az os! OF ane.e
" " -. ~ ~ '@" ''nt ~. n*"t "
5am r,t 'es, Ut a nua n" mus, NJ in ta not
my rucu extent as thu psics would lead ono 10
suppose.
TIE BRITISH hokLfoS MOVEMENT
The statistics Of the bullion movement Of Great
britain shfw ,'At In the drst nine months o, tho
year .,a. e"nn.sy a; ,s ,o,s ~; VT 80 COO In rold and
eoa rcat ate, r,a .na tns sranns has
frum .s Vnite State, .rs s,c,l,l, e eerc.,n" So'a
In u'no months Of III ~ tho in,putt, OF American
gold wcfc S1u Utk', U0o, against ST.. coo. 600 Ia
1870, a"l SO. o'o, 900 In ts73 The import of
.,..,n, ,,,., ,,.,, =. H., "s, , ~. sAe "'es
"teu'es '',as n"1 'os the Iasst anu abnormal 'up-
tl,auit Is, France las taken frnm t,t.,t rri,nIn
s.l, 900, ouo more gu!d than II las cl,eo On thr
whole, tnp bullion Imports, which last rcsr vert
sue too, 600 more Than il,a exports arc this year
.,1Uo, 900 es+.
I'm u' N"''1' """'a> .ns etoch EA1iiASoE'
ING chafees'I TIE New lok JTMss AJatnst tho
e.oes o'pKeft arc I"!io"ed hy oilers not 1ees Sc
1'"ha iro." the Nc" ofK tnHtu'or, Which, IN rc.
porting tue procced1n.s of the market, Fhtea that
gus gen"inc t'an.atsloht at Inc soek Exchangotiie
oAy "'o'e were 1-' wv saasss' willie the tfan1ac.
"0hs IN fepo''so Nese -of, ooo sharo*'
R's1ftsit TRADE.
The trad. aui naviasti,n rctnrn. 10, thc ,,o,,,
Of September show such results a. might be *.
!eGs!eu th' ~" stli Iessa1ns ena;rlans about
rrt r. .siur n,,, ",,",s. inm rnnn. oI a1ont pef
Win last wears ylset. eso t,erfrnta1c. in.Iitutc
continuous tecre liz Tho exro:tt, the tsecgrxsr In
September Of TT fenr being anont 10' per rent,
s.t,"" W. ..pe.t :. t!'c l'iHe " Iaet Hlontn