, 1870-01-31
COMMERCE OF CHICAGO.
Twelfth Annual Report to
the Board Of Trade.
The Produce Moyement---Ouleial
Statistics.
unterc,ting Rcsume or tho Bus
lness OF the City.

mrsercstfnn Rcsume OF tho Bus
lness OF the City.
The twelfth 1uEual report OF the trade and
commerce or The CITY Of Chicago, ~ complied for
the Board ol Trade OF thla city, u jos. poosnnd.
III the nEst report made by the present 5ecEe-
tazy As. Randolph, and II great improvement
On IN former t.rues presenting the leading stalls
t,c1 In more compact and uniform saape shAn hHs
.btcn durc prestou1iy. At the zklne time, Il FOL-
2oES 50 closely upon ou1 own AnruA review that
10 need do no more IN the direction Of ngnfe6
than present the foounas OF the produce move-
-xDent which hse of1cial. Tbs following ID n ao-
at,aet OF the 1rport:
iatt, II was toLed 70 chnuge the uno OF t6s11nR
this report from April 10 January !. ~ Il VIVA
neEetea tne la1tsE date Eore nss!aE une 70 t.se
= rev1eE OF the pAft. and gather Together the
.1xo1es and conpnrisons Of the busiueas Of The
,csty; I'd. 1lrnouSnl II u an upfoEIul Bta time TO
1.vt Anything IAt fair detailed statemeu Of tue
PacklIE aIo prosisou trafe. ts Is believed thtr
encEt Supplemental report on thNt branch Of tue
Ercn yeat Of tht BoaEt. ABOUT April l. will, with
tpe regular repur1, neet the views Of ali Uore
Learly thaa mi other nsfAueeEcah
The yeaf l1st clos ed 1Aa been, IN some rcapccss,
ID unfortunate orr, at Iealt 40 far Al The buk1ess
.ot dealing in The products OF the eaSth arc coz
se 4 1e.s e1eas cs.rsd 4. Tasrs d.
PRESTON The tolouo Ct tusloess ms 10. pesn
a,ninished, eut II ms 10: beeu eonaaetod VIVA
DeariY ali pofuoha OF the cs1th haze tended g DE-
presa va:uer, ana The !os p..ess that eould os
IealiEed by our Western aRt1cufrur1s.s Tor most OF
their products have reduced their ABILITY TO make
u large putrnsses - usosf sna shos n t9sn. ne
OF tn- years bus,ue,s. ADDED % THESE can.es,
ssgT 81 r. ~.
po1a!bliy OF al early 1eInru 10 = tpee,e
standard Of vAaes. which has made COZ.
e,aoast!ns IL extelded enterprises Of aay
character. It Ii 10 bs huped that the question q
teprscialed eal1enc,, wh.en n.s ias 80. 8, !o1S
be Apeeoi15 removed b, . return 10 ,he wntld.a
staDdtrd OF Ecstus1ng values; provided, Of
eSd dtsrsd ase not such u viii prod ica evils OF
greater magnitude than ihuse the coausJ Il nnH
1uh1ect To-
NctwtsE8:Ard!rg the Rr1erti depre4stou auaded
10, our c,tJ has cDusnred 10 RroF IN p9pusauonr
10 tne %is
lef With : just pride 10 the atructntes Of eiegsat
fLi.h srd massive proportions which Eest the
The c.ty otuc.a's report the eEec',oa IN tha city
durtrg the gear Just closed Of $50 haLdlhsA ~
s7 we're tour sto.tca iu nc,Ahr, % ~erc nye esose
u we're stx stoyiea, aud were HeEen ss9stsa a
estefo1 e,ta1as Rses aver .9G sIsrU pions Of T.
isfs. Nsny m,les ef st1ess paving ami OF sewer
nee h.ve barn canpeted u i.eL IL essry @ re-, re-
proved AID oeautined.
White for The rAst 1eW yeaI1 cur ctsl1end laSe
EeIerasls been decreasing in perionAl wealth, aou
many have anasaed lB11e f3ttanes, thern mss
and u.aSs Of our bsafirx ins1tuilons, especially
since the osEaLizatlon Of oAokh unoet tne Na.
uona1 Bauesnz lag. While Tho ability OF our
bapk1 10 accommodate theif cuEontr4 GAS been
larVc et11I the demand for the teZtuLAte oao 1t
capital Las been such thss money mas, for neiriy
Ger, De- annnn, and undoubtedly consideraale
amount Of additional banking c%urAl c9uld o.
poat ptontse, eaploJ M sa IN son sy: ~ e 70 p
such feapportlon Tens ut r1e National n11kIuZ
f5anehhca ii vii give this csS. and :he Wet zen
ties eud circulation. And in ta,s c,nuecuon
II may cot be tIpro2er 20 e1ot:. tas
hope ths; tse convention nox , s,|i st1'as TO-
acme 5ytt, OF equA lzicG Safe taAad5n tnas Viii
be more jnss TO toe banking t1,c1eta taao taat
Ttsl estate, ard most kids nl personal Property,
are a1sesssd in tnn sts!e, Tor purpo.e1 81 s.sse M
ts1snop p not 9vsF t.snsnss 70 In1s,{ 81 ss1 s
exception 10 this geterai rule, I'D are tA1Ea ~
their Par vslur, Thu. maE1nR csp;'al en2:oJea ioE
the legitimate aEd recet1aty uses Of business pa
-neafiy or Quro laer tines ~ much tax ~ t3a'
which Il invested IN isnes, he'd. 10 nanJ u.
aeses fof p1!s 70 r.
This species OF ulfitendly legtslason snonld
oe a. onse ~ G1Ds
sThr sns,ness 81 1he cir banks hss bceq ia
c.tas,1g Tor the putr year, a. shown oJ the re.
PoaH III ~ orti1. .m,nrns ~ rIea,1nrs Yoi
1ss9 as ,s,s ~ ~ Y
Sof 'o'o " "as'-''''''-"-'''''''-''' e-.,--.' .H.
Al ass;s ssSss, s 70;
hsF. a. nn y, ~ 9sn1.ited W1tn s,ohsr an5
-passed through The Clearing House fos eo1iecAoo
.c1 ii ~ rr1re..c1 - Il nrnurnons he conntrT. la
sS.ss:s ie%!!.is currency y s1efs;.Sssa ',s;
Of one PEI csht d,scounI 10 tne saaae pet aen
uIemIru sa cuIrcncT VA plenty OF SCARCE 1t tn
tlnc
ro,,a
,ant y snnr1 mo ~ ~ nr
ing n nnnr1 Tne .nsnufac;uie in ths civ ns
tteu Is IS oatTss sg1,Est al 10 harret1 il 1st!
1s ~ ~ ~ s.n ia az ~ ~
~. soa,I.r 1Ss Ia isSs m snrrease NJ % ID
~ - set.. &, f. -, .tnsSr, Nv. n.Sd'aI If
5t,an. ~ ~ tno n c4 9s. p,.. i
fnMeI 1h,n tor wn.sr ~. uI nDtne mat NJ thr .rs
. .of ,n r ua'I1 ~ ~ nv ~ d,,n, ~ aI e on
1rsSs. afcs nt 1ha1 aIs Ie-med aisnc1 hT.n1s
haTe ben ia densnd a: IaIrI, reHunersty
nTtrrs af.d for M nnrtinu Of lie 1s.t low Trsde
ersp ss ta les a.sc Ec
ecated IN 1a,. msfIes ,os nour to sa,p dttect !
Gress Br1. I'm Tne.e have been nainly ior rnth;
low crauea TIE traos vita Se Eog'ant points b
cesn uri1 moaetstzl. actise Wniie many roin
a. fhc F.,, mt n.re 1nr - ,ersi t~ars n In
iEe iNfr~ hnrn1tea frnu uA ara nale. elpco Il
bsIye,tt,r Cf rhe iRtt CROP ct wheat 10 prpco
Hunultes from tcxjt D "a iuue liate LelSheoIh ood
Tu,tre Lnt pest ,ea5 tue Board Of Trade mas {
tnb,tst ID niscoAtd or grades for Inspecting nou
lttsLut jpiended IL. leas. for the psescn
R1ade higher quas.ea, - lnry are to be dHpss<
ard seller than II They were K1adrd Hut 1t IS t
Icved that u II ue-e known tnat nucr, 10 OF
gwen uuap;t'y. could to cblsined in tnts N 4rke
lf m ac&t toNjcocrd nuttpym stxpn4rt Of Qu Lit
tnAty large orc era pu.d be sent here dteCs III
are Low s1e,.ated In the Eastern cIs'es, xhete
rourpr nodt1innal cos1 Il incurred bF freuue,
hanolr2 and comniastoss Itls proposed III
nsmn1th IF rnr ,tannarhs NJ t.ExIra;' anal
9fnt al tsn ~ cscn.nsca m he rr,n,in.n, mstle
Tor hsracslsts IN Greet Js!.A,u: ana u. cher Il
ruiz oac 20 uyt;e.ye the iutrrf.F Of the lcspcc r.
by tnose ttsnnsn:s. It IL anf,c:ps,ei I,nI mn
,busIntIs ctIect nav Fcsnlt IRAN the arfnnotoeu
Al yet but little mas nren ID ~ nader tns syst
Of itfpt c;,i : l,y cranc hat ii IL expected ID
durtuc lte nreseLf 1ear ronsder able lY1de =.
be lusrrpra:ed under il Ii bns hitherto be,
quite u.ii1cul, to ptva Al lrtel1seut report OF 4
IDur mai keL In mis- CT, 10 \ s,IsuReF wig
lhe fact HAT each io& OF norr 10 sold bJ I a1up
the exact character OF wnIca caLroi oe ma
clear in quotations..
WHAT
The euklress in rrent in she civ hsa ne
1erEtF dpfi: 2 INC n,ts har that err nrlor.-
"a, ~. ,ns,aA.n' - ~ - -
sun ,m, h,sh,..S The It..,r has ma ~. ~ r-,s,
nm h.er, nf = nrnntah,. ~h.,.cf.r E.esc,.
n,S 1'h,s +, ~ ffne ri r. sirrs Ihs crnn ~ n
]x,,.r II v.,.a ~ srnrs, &C. 80, ~ 80 -
40 80, .ta,aa kN.st;,. ~ ~ ,a .aea u. ~
nrsrrelr srr - s-fta, Ths 1,n rs'eeyt =