The State Of Trade

Thomas K. Agnkw, a heavy New York wholesale groeer, lias failed. His liabilitics are 884,000. A keiuous strike is threa tened by ome of the English colliers, who are unwilling to accept i reilnetion of wnges. The business of London, as meastu-eil by the elearings of the l)anks, decreased 11 1-10 per cent. in the last four montlis of 1876 eompared with the corresponding period of 1875. A Oongressional eoinmittee has onder oonsidei&tion the propriety of recomïnending that a Government contract be given to some line of American steamors between thin country and Brazil. It appears that the Houth íb a vigorous bidder for this contract, and that New Orleans, backed by St. Louis, is making argument before the committee to secure it. Gold is fast pouring into France, according to the Paris correspondent of the Loudon Economist. The supplies of thnt metal wliich are now beiug driven out of Knssiit by its paper currency nro teken by Franee. There are also large importations from England. In one week the amount sent from London to Puris was 83,000,000, and the movement was continuing. Buck & Hunting, a large banking firm at Sag Harbor, Long Island, N. Y., has collapsed. Their liabilities are $500,000. For a great munber of years the firm has done business in Sag Harbor, íind liad the confidence of Uie people of the island. They handled the savings of all the industrious of the place, and the suffercrs by the failure are to be found in almost every station of life. It will occasion mueh want and Bulïering. The January transactions at the clearing-honses of the principal cities do nol indicate any material iniprovement in business tlms far, all of them showing a niarked falling off as eompared with the same period last year. The loss at Philadelphia is surprisingly large. St. Louis also shows a considerable decline in transactions, and the decline at New Orleans is greater than the average. At Balti more precisely the average decline ap peara, and at all the other cities the loss is less than 8 per cent. Tuf. English are going wild over Amer iean beef and mutton. Of late years tlicsc items of the Britou's bill of fare have been too expensive for the majorit; of people ; and the efforts to import rab , bit meat and beef from Australia, an cattle and beef from Brazil, have failei either to bring prices down or give satis faction in any form. American beef ani nmtton exactly meet the need of the hou in every way. They reaeh England in gplendid eonditíon, and sell from 4d a pound for bits to 9d a pound for choic pieces, which is 2d or 3d less than th prices of the home article. Connoissenr declare that American leef and muttoi bear evidences of being better fed. Th jness is in rliapsodies, and cannot men (don the subject without quotations from Virgil and JDickena. The trade is gin iug vei-y large, 700 tons sometimes arriv ing at Liverpool in one day. It sell immediately, and is now marketed il London, Liverpxl, Manchester, Sliej fteld, Birmingliam, Nottingham, ani many other towns.