, 1879-07-25
FINANCIAL.

IN ita financial column tlisapprovcS Of allowing |
lie country banks to 1cavc called nnd pnst-tluc
10-iOs % security tor their circulation. II
says;
Iptlmations eonstnno to como from Washington,
National banks Will leave: tnor maturea 1o.4os 10
remain a. security rpr thctr Circulating gat.Ins
aos aaet of te wanx % and banks wc
them on deposit security for eitcn1at'on naso
no replaced shsm yh other nonr tss nols hy the
tfon account should DO tun'snhf'S e1oseo ny 'Ae
Comptroller Of the CURRENCY. --
No doubt, tho Now TURK banks TINT want to /
sell Is to the country bauks would like to have
the Comptroller act Us thc Itorid Suggests, but |
there Is not The elEhtest prospect ho WILL DO 40.
Although past due the called t0'4us aro still
obligations Of the Government, nnd hare mol
suffered auy deterioration Of yaluo bolow par,
which ts the ouly contingency IN when ue
Comptroller has any poHer undcE t''e III" 10
cali for more security. II the banks choese 10
60 without Interest, 1t Is useir loss The Comp
troiles OF tlse Currency will not tako called
bonds rs security for new circulation. Ilcy
are not interest.bcarlnr, as tho law requires. hut
he will not Interfere with banks that wish time
IN replacing their 19~i0s with other bonds.
Foreign exchange was trmuF, wstll small
eupp.y Of bills in Chicago. In New York tic
supply OF bi}ln hns been very larGc for tho past
two or three days, fact which accounts Tor the
weakncss Of ratcs. The posted stcr)lug rites
were 1856 and 4S7. In Chicago actual transac-
ttous In sterling wcrc at 43i mud ,4SG, nnd III
New York at 4sat14s4lI unl $50. ster'fns grain
bills were As1s< fur prompt delivery, With dis
count for lung bills, anu 4S3}4 French com
mcrc,al bills wore 5o3 n,,ll 5.2h. Frcucll bank.
crs' bills were 5l019S ind 5t'51SS.
Coneola opened at N 15-l0, anu ADVANCED Il.
10 % lilo. The Bank Of England has lost
Se20,00 In specie dornE tlls "eeh' 4ts
proportion Of reserve to liability III now
b5A per cont lhe ,'. n'o.'t9 ~ n'a!nes m r..
described IN The 3i"'es OF Jn!y Il as III q SssS
q.'es Ioaa"' r".,,,, ~ -. kocn tnosa hnusc.
count oushlcsA one''"f r" ".sp ."O'c o 49,"
smp,o;eu %ne NJ a'f ieSel n pan Of Eartau mn,
~ ~, ,.I.ss,. .,,,.,,, 5n MT coro T., to,.c In
'ue 'a.se1 lama ""s aro a,,;n,, verv ,,tt,,
huslncss. a,d thcsc is little prospect OF improve
-. H., ~, ,.u.r1 81, for =. raj, hc arar srfta
ment IN the ae'aa!. 50 'as as eaa W sssa ,a .n's
thAr"et no" ~. s."s T., =. p,s,a I.'. ,,,ra
tha'' 'nc sH'uo T.. 's.onas H. ,,,,.,,,,,. =. .o.1
tcems 10 pe.ne ,ohees l'e as'uee.Asu' @ ~ ssu"
h'lls 10 l.ohu"" .oF uietl.s , .'4t ee'sa eo.ns
months oneR' Wi!ch the o'Nsreueo ~ t.'e '".sS
some"nat a'n''n,s!eu o.s naps' a'.t , nup
ply, "lsNa St''s 'asec' aes"'il"'ss'ou :. t".
hnu mora mo"es o'les'.e. a'Sto :" '.na ,' .,....,.
OF aetsnlE fa Q. my u lie :" 4"~ ''s~ 1>"@@"
taoli Is u""sse"sus1". !. - ,,o,, a.,,
at the caeaeo oaass s,,n ~ os' S"' s"s ,, 'H'
Clcarlngs wefe on'Y eo,,"'o0o, ".a s..'o m.s
no Charge 1a any u'tee,".. oes. ~ Nc,s VIZ. vr,,
were 'it1'e heaslcs Anu suo'p n, ~ ~" ,rara o
exehnngo ~ere ihoae,... eNa ns.'u' am ,,1 S, 9ns
quiet hases "s'c seso .1 pes W. a W VA, @ s.u;g
per cept Oh tnne. .o Nu" n ., ] "',,"
l'o'f says WIN sceaF1 - 'o'e'a'''' sN' '"'A''''
money market: ,,,, Inn, IN,
vnaumn 70 ot 20 metenntsjo busiest Is lsss. ,at now
enterprises IaYo tAken :reas deal RI ,nuncy since
he hc4nnnE o. the ySat: aa IN ny so IN "'sr Il
snona Nnos an ri n " sai ruatoRa w ts oer nuy
centres Of tho world: that London la. stepped
so!lsng oar nonasi a @ tne T. nv - cxeut s rct1n.t
to IN aySn N pa5gent' ui s,ai bo.ght iron, III
and that with ee short ha,s.s IN E9s9ne M nd fass
aryes,s eatt nsss can.;rras @ aonns VI roii WHICH,
With our paper currcno Ut par with go!d, would
Immediately become 81 aetaso part OF CUE nohears
e'4'em; , uu,.,.. ,xoro ar,t s,,oa ,roro 70,
~ :, G.a,. r,,,,,.,.s <, IT. 1o1,.. nm, NJ ri, !
po,lsa y, ce"n soe' ~ ~ w ..a y. o,TIe,o1T
uu' a. 91 .,sr,s cnseI ~ lnrnr nrtr.t
40 a";.,g 'ea ~, I,ryrst 1.,,.octnn. srr,
~ MsIssTa" .n1 opu' ~, n, r,ul n,t tlv imth ,l,
~ Nu1'a"s's a.. h.. 49,, s.,on,n, ~, ,o,,,,
e,lasa TaeIa ,,,, ~ ,.n, Wy ., W.s, ~, ~, ,n'
.ona,a.nrs ." Ias a, snr,,oa Tho wcn,hrr cnu,,
tI.'a, ,s,, ..,t ~ s,,,,o ~ .hosn f.v,r,I5.
tnueces Nor,hvsa, co,"on ~ wnmt % down fro''
,,11M.a ,, a,os,m, a.. 7,I% III, nr,,crr.,, oss
ns< 81 $50, p..', .s'', .rs' ~ ,.s,,, rn,% ~ rcI:
~ ~ r. ."t.s.aa rr, ~, -, ,u1I vt,,,ts.a'
~ .n1 N.Y. p,s a"nn ~ e ap,st, " n ,"1 ~ :.
49,. 1ia,,, p.,s,, q, T. ~, IT., ~ -. 81 -,
,vs,,ss.. ~ =. ocaI. ~, =. ~ .a1u1I. -, ~. -.
,a..ea - ~ ~ " tt:,s,-,' "S ~ = !.
w. 20 ~ rn,1. ,sss4'.. ~. ~ ~. =
,as""n".s t,sS|. "a ,.. ~ ~ 1885, "a,
q, @ ~ esh M"ne's - nj, on;L "''ss" 7S' ~
"uasetn pu'oa ~, w "is' ~
Ano "u'5 sana W." .'..os"Po.'s -, 'u''l5
u1o'"e q n'snss' 1l't =, w. oHa' nan'n ,,1' =
1s ~ aa WIZ .s ~ "aospo - = -"n< ~ -,
Etsa e:eona vs., SuH'' opsnea nv ~ ''1s' I'LL
e4oaeo a. ~, a'sot ns!t.''t YUM ~ ,"1s'
4So&LHHoetoiN Eo1A po'ito "e1o AAo22 St' ! ~