, 1874-06-29
MONEY AND COM MERGE.
SATURDAY EVENING. JunA q7.

SATURDAY EVENING, June q.
Tho settlement for tho timo hoing Of the cur.
tency 7uoat!un and tho adjournment Of Congross
Aro tho two evonss Of Tho weok. Thoy have done
mucl' to rovivo tho duled onolgics Of tho h,,si.
noss community, since they give tho assurance
shat for Six months at loast traue and industry
arc hh'o from tho pasnlyzng interference OF
government. Eow business mon havo tho
timo or tho opportunity to 1nastor tho intsi.
rnto principles Of finance, hut tho,
al know ono thing well, Tint constant changes.
ana tAreats Of changes. make all their calcula-
aoha speculative. As ono OF tic lcading bank-
ers OF tho Northwest expressed 1t in conyersa-
tion tho othor day, ut is bsttor to llaye one
pad currency without ch ange than dozen pootl
onea In euccesBlou." WHOM tho latcat Uusroncv
bill was signed md Congress out Of tho vay. q
fooling Of relief waa everywhere ylsiblo In bank-
Ing aud trade circles. entirely irrespective of tho
good or bud points of tho law. The essential
features of tho now net have boon explained In
not 10 repeated horo. paBt experience has 40
oiteu shown tho futil.ty OF calculations o. to tho
alsnate eiteels OF untricd laws, that tcw persons
hhyo FSnturod to predict tho results Of tho nov
Inv, !he general impression III that 1t will work
nttlo chnngo, but thnt it's worst feature Ia IN
lcgalization Of the issuo OF tho SIC 900 zoo OF ao
enllea PRESERVES" Though practt ttealy this aells
nothing to our circulation it ls ip truth Initiation.
onB form. Harmless now, 1t can be used III
precedent hereafter for something much worse,
Tho uaual quiet Of the season has preraiol
ycnts. The Wholesale trado Of tho clty il in q
good condltion-1nuch botter thnn that of Now
York or Boston. Tle demand for loans Ia mt
sqIa! to the increase Of deposits, but is fair,
and doubtless as ]argo al bankers care to have
IN Wow Of tie neou for money iu fou weeks t.,
movo tho crops, which prolniHo to bo un1B1la1lv
large aud remunoratiye. Tho rate Of Discount
a. Tug 5anks remains 8@91o per cont, with occa-
Bional desiatlons Of cont or two for outBde and
independent borrowers; on the street. money il
cont. - HNA
oensa premium between banks for $1,000. i
oloHel ut par.
Tho latest quotations for foreign exchange ara
0naon, aaM1ao1, 4Ss@49 a H. mparis 6l5@5l1h; Hamburg,
Holland, 4U34@I1a; Sweden, as; Norway. N1i I'll !
Den1nark. 81; Finland lsuspia) 20k.
]: Ws Gable transfers: Lonlon 4u2155; Paris, sos.
Ths clcarancce for the week arc sio47S ,5C9.lo.
and tho balances, 81 ,53S, ,aOG.15. The corra
and el.944 ,579.27.
! JULY DIVIDENDS.
IN accordance with theirnsual practice, nun-
Der Of tho banks aud corporations OF tho civ
saya e. declared thor soinl-annual or quarterly
Ayidonds M for July, or ara about to do 80:
The Citizena' bank Of Chicago viii doclaro q
selni-anrual dividend Of nor cent. |
Tha Corn Exchanqo National viii add ahout q |
Per osn. TO lts surplus. During tho year tl1,s |
cont OIL lts capital. HoA
The Fifth National hns doc,arc1 r t7;,;1,az
; per cont. ~ '"oA'" u
The Fltat National will probably declare div
iaena of 6per cent and curry something to its
The Fourth National will doclaro q dividend =,
per cent. ANSH" ~
lhe German Savings Dauk will doolaro diyi-
dond Of par cont.
. Tho International Bank will dcolaro q dividend
. TIE Fidelity Savings Bank will declare diyi-
=. The State Savings Bank has decided to add
euvuo9 20 its SURPLUS, and mike no dividend,
8 per cent. ~
Ilo Chicago Savings Dank will declare a semi
Annaai a. dividend to its depoHtors OF s per cent
, Tho Union National Bank will probably de-
nisre s por cont diStdond and pass $50 Quo to
The Commercial National llas docidoa to in.
oroabo lta y surplus ly $4,000, equal to 10 psr
ceIs on lts capltal. ltB capital Is now $500. .GfO. I
tian. "&'A '1' ~u-l-
Tho German National has declared . onartar,v
Qlylaena OF ) per cent, payable on the 18th Of
Sq'T. It T. will also add $2o,o0O to the surplus.
The lido aud Leather Dauk will tienIam.
dlydont OF ror cent.
The Alcrchanta' National will add s5o,ooo to
1ee ~ na1urpas, equal 70 10 per cont OH liz canta1.
Aue nettnauts naYlnHa, Luail md Trust COM |
pany will declare quarterly dividend OF 2E Ter
cent. - ->9 a'e4
Tho National Bank Of Commerce will doclara a
quarterly -, dividend of ~ por cont.
lho Iiaders Insurance. Company will declare
quarterly dividend Of 8 per cent
Iho North Side Chlcago Hallway rill dcclsro
no dividend. Tho West and South Side Com
panles l' have declared quarterly d4yideuGa of 2I5
per cont. - ~
LOCAL. STOCKS.
NJ, ,Doalngs in these securities we're yory light.
: ho Quotation Of rates. bxaod upon the lasE &C.
tuRl saos, 10 aB follows;
National I3unl. t,f 1ns.a;. |