, 1869-05-07
MONETARY AND COMMERCIAL
MONETARY.


One OF the facilities Tor business IN Chicago, the
wnnt OF which Is becoming morc apparent Is
Stock Exchange. place where not only our local
stocks but the shares and bonda Of railway, mln~
Ing and manufacturing companies, In al! parts Of
the Northwest mud FarT est,.uay be sold ard sub
Iect to tuch competition as viii esssafbh an e1ast
market rate Tor them For our locsl joint stocks,
hank stocks, city Ezway stocks, insurance stocks,
scarcely sny reliahle quotations are to be had.
parea frequently desire 10 sell them, and cannot
DO 90 to advantage without running al oyeE the
clty, and even then do not bring the proper
kind Of competition to bear On the
prize OF Enat thcy have to sell
IlaL there been such IN Exchange here during the
rast few snont.i i: III lll hayc ll1ed the market
value Of Cook County bonds 30 accurately That
there would bare been lcss chance for tho objcc-
uonab!e manner IN which the County TEeasurer
recently put 4lO3, ,bo0 bonds on the narket Il
would, At least, have aIed the market value 80
that he would have had no choice IN tae matter
but to get that price for them Eut, aside from
these considerations IN connection with local
stocks sud securities, We arc no~ upon the verge
Of commercial era, beginning with the opening
OF the PacIoc Railroad, which, II It hriuga any
thing Ike the additional impetus TO business In
Chicago that Is anticipated, must mike
au imncnsc increase In thls class Of
nr1uctal transactions The trade ul the
ui1ing countries, unlike the trade OF the AgTic1l-
tura regions, which We hsre had heretofore,
rr;nirr .b,rn. rne sr,.ccitnr., rec5onu nave
.a,a ~ tho.c enorn1.,iro toInt .tncs connan,es
which are almost tue mt ORGANIZATIONS Of any
And In mining country. Every community, Of
whatever kind, generally nnds It advantageous to
buy the major portion Of Its goods in the market
where it can most readily EEL Whatever 1t has to
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ln pna1o- inas 'ue estaoas ~ '1.-. -,
mere ios 3espeeAnle tniulug ssoSAs . "as.s' taAs
@uss oe enhsloe1cu " so, o.. .tst.s
with san ffnne'sco LOT tae t'aae VI wy At1he
countries, u SHOWN W Inc eAampte o1 oau FRAU
cisco herself. The pecula11ucs 0! mlnshs tsaos
made The fosmafon OF > stocA fAchanse neeSssa1'
I 10 San Francisco long ago; buf We icafh oS q ab
l
! new loafa ol osokefa "as iosmea III 1aa' "a!
only fer weeks ago. iof INC Puf
l pose OF ttansacunS huslness Ga
c:ustScly IN Raa1es "me f1n
aud adjacent mines ihS ooafa u composer y
eighty menberA Including many o. Tue ps1aeipa
stock brt Icrs In the c!ty, saa Its nfst meeting T
not only attended by large NUMBER Of esoc
- ufOkttsy bat. Mso, 1s A1aoy Pt'l''aeus e4A
, wealthy citizens The neK Exchange was !ofne
. t,ecause Il was found that the volume Of bnslhes
{ created by the formation Of new companies 10 IN
I Eew silver region maize more than could oc SUI
i. cess1u!ly handled in the other Exchange Organ
4 zat:nns. The mining Industries tnas Elti bc dt
i. | yclopeA In Colorado, Arizona, New Mexico m
tho other slFcf-prodaclRR regions u tue ives
e rnusr, In few year,, make wat increase IN II
/ bualuesa Ia 1uinlag shares; and, Wherever Il
Il ! elIel mu1t Tor these tpay be established, add
tIoual CAPITAL will concentrate and add to Its In
= ,,o,tancc and prosperity as city. Capital
o. cautioue and no Large business could Ire do1
= here at once; but beginning ought to he NM
,: ytta stocks, local or othrsNtsc. with meetings
!. stated periods, SO that there would be pla'
!. where buyers and sellers may meet and coKupa
.e yieHA
{ There seems to he a little more sctiytty In I
!" local motley MARKET, with butter dc1'and :
:, .rouey from merchants and grain dcaless- II
II aupj'rIy Of loanabe funds Is, however, yct IN c
4: cess Of the demand. md with tendency 10 !
I; crease, 80 that bankcrs nre supplying All feeul
"a customers freely, aud n1sQ t3EluR 0 the d&lfa!