, 1879-03-26
FINANCE AND TRADE.
Further Decline in 4. Per Cents...
Foreign Exchange Weak.
Better Demand for IonnS in Chi
... cago---Stoc1ss Stronger.
fhe Produt. Aarktts Fairly iriirt--.11ogs loutr
...prOYisions Keak and Tame.


Stocks in Store.
FINANCIAL.
There was nrott,cr decline IN per cent bnnue.
aud it,s winnie market for Governments srmpa.
t1,Izetl In this movement. Tile ucw is OF l6sl
wcre ulr Il, to 1U315; tho currency lis 14, to
12ots: md tic pcr ctuts 10 % for COUPONS a1d
03 for registered.
In Chicago the offerings Of foreign cxchancc
we're larger IN account 9f tile more raptal more-
,ncnt Of stuff Eastward. In Chicago tho otIer-
Tugs Of bills were trcer, but were still not AcaTy.
Sterling grain hlls were 4s2}11, md French bills
we're weak ut 5213A. The actual Chicago rites
for sterling were 484A and 4S7. In New York
the actual rates wcro the same. Tho posted
rites for sterling were 4S5h and 4Ss. French
bankers bills were 5l7t1 aul 5l5.
Consols were 98 13-llEl069{. Tho high prfco
Of consoIs Is to aotno extent measure of the
dullness and depression IN Tic commercial and
manufacturing interests Of Great Britain, On
this subject the London correspondent Of the
Commercial and Financial Chronicle makes these
interesting remarks:
and with dsmtntahcd cost of living, trade ahnws no
stastlanE occurrences Of the last few years hayo
deprived tho country Of that confidence which IL
re- i & rs aSeas hfsy Ss il ns
with foreign loAns are alone Sufficient to put
Tire stop to tho Introduction Of fresh proposals on
esnn.et'on ssn a Win Tarses, Kaypt sps'o, Peri,
Honduras, ces.a R!ea, and Paraguay, there 's the
ahares q eoal and indaitftal undertaklngs LAT.
@ ts e ssae Of olnsnS ,. h1 de-
those ycars which sro denoted as being prosper
si t1ado vi 1iz.. IN 1s7s. 1s7. and is7i the diner:
It . TO bo hoped tha 1t vii prove 10 be tha fact
b ut at tho sarne time. Notwithstanding that we
poss9ss smps capital thal wages are lnw a1d %
pursue bold policy In tfado.
Some Chicago bankers reported a mora act-
i've demand for 1oaus. but the improvement
Gnu hardly Jet bo considered general. Rites re-
main Ga7 per cent for call loans, md 7Gl10
per cent for tina loans. The currency ship
mcnts A1d receipts aro light III volume, md the
orders for remittances 10 New York continue
liberal. Bank clearlngs were s., 100000.
Tho following communication calls attention
to the slight security given tho public, as Chlca-
70 knows to it, cost, by tho present system Of
National Bank examinations. The gist Of this
matter was touched by Quo Of our leading bank
crs, who said that nun competent to examine
md report upon tho bills receivable Of Chicago
bank could castly command d sa1ary as Cashier
OF S1a, a,000 q year. Tie Government pay would
he no inlucemcnt to him.
TO tho Editor Of Ihs Tribune
cu,c4oo, March e3.-porhaps ttorc il no ,eaturs
Of the misunderstanding law upon which so little
intelligent reliance ean 20 n,assd BY dots
pcriodtcaliy by tho olic!al called tbo UanE Exams
iuor. AZ regards capacity nnd qualifications AZ an
e IL gcn H. 10 , nny ee tno ncss man tnat
!nntion ,ust bp based rathcr on thc statements Of
~ ofsera thar upon ~ h!1 ' avn personal knowledge
s;, tGa c thc G9 M M
saos 6 ns e value o. susn asaats a. security
many wrong thtpcs |' Hayo lcen .,one
BY bank managers because they knew
The M Examiner mt I'm must take their statements.
n1jc ndsr IN autl1ortv whosn rcnn1t wnn 70 e
nnqucst,oned 4 Bill has lately been enacted bY
tho Leaslatuso of New Jersey to provide for .'!he
pen.infes Jy occrs Of town. q. Ineornoratei w.
iageA. mud i requires sny Justce Of tic Supreme
Couft 70 Whom twenty .nsG 1rceholdcrs may apply,
lice, and to publish tho Fcsuts in snch mamn.r y.
30 my think Gsoper 4 similar blu has been In
WIZ vho pc.e ra ana ra,oa III es Lessa9uto o. Now
Villages. etc, ventura tho suggestion lint wefc
n. ne Easionel. banking lay so amended as to eyo
rics Courts creater seenriir With 10 ~ Un, s
for tho public: It Ia one OF those safcguarGs
10 10 ~hc hGaeSt anu competent oankeFs can oor
s,no,.s sora tr.o,x,,.. r,,. -,.z, o.
whn1o s,,oa ,,,,o ,a"nr,xua. 80 a., s.a. 49, ~, ns
-os 1onara, ,.a,,,.,, .,,'.,.. .ao e'ose, 1A..o
All, t,nns-.an. s~ss".,n. =, ".A", "''n .lo
noi.ma.o e. n,Ssa.s po ~ ~ s'at aI"ehs. ~, ~
1n.r",..n,a ~ H.T| .1st.. .usu a, " eozs
nr,r" ~ Ixn1., ..an s'oS ra ~ tne openlnt;
rIosod =, an,r s'.a 's'',a' up1n.I u'lA
T. son rran1fs,o - ~ ""9 u.s - & ~ !,eua
~. S,,v <. Nost,,a % ~ y. ~. Aoust ina'.-
M;sst.s,nr, ~ - 80 ~ ~ ~ ~ " 8na III on'o q
nrn.a 49, ~ ~, ~ W e.
n ~. IN % M;ci;"a r.,s, ~" ao'h ee1sa. 81 =,
T.i.a ah.ss ~. N.n''". a. ~ ~ ~ o1Isi III
rn,n+,am - ~ - - H. r.; W . w Ill NoFti"ess
eesI ~ a. ~ =, =. ~ ~ ~ Nos'n"cs. pte'essetl
" ~ =. H. " o., IL a'' raul common Of N, to 3s26s;
s| ~ '1ac''su san. " ~ ~ olH' ~ HocR !aau'!d
Tr"t q, ~ ~, ~ nas1 ~ u"ioh ~ % aasne Q. y 70 y; III
Wss,crn ~ iruon ~ y; ~ ~ "aoas% o. ~ TO 2o IN
nesLe1n Union OF ~, to l0l4: Atlantlc &
- a~ y" - ~ ~ ''7s ~auaaa ooutnefn Of ~
W va