, 1874-07-05
MONEY AND COMMERCE.



SATURDAY EvEH1Nn, July 4.
Asusual on tho Fourth Of July. all tho bauks
ard Exchanges woro closed to-day, and ttero la,
consequently, no financial nows TO record.
Mr.. IBaao Greenoba,lm. Vice-pres,dout Of tho
German National Bunk, flAa tnken leavo Of ab-
henco for four months, for trip to Europe with
Ills family.
The disouraomrnts here of July lntorcat on
Government bondH are reported by ABaatant-
Treasurer Webster to DO larger than ovor before.
showing that thc amount Of those securities held
iu this city huB increased.
Yesterday waa ono Of tho busiest days tic
banks have had foy many days. The addition Of
the buH;ness that would hRyo hoeu dom ou sat-
nr1ay 10 The usual aasivitr OF the afrnt days Of
Tho month. together with now brIsAnsrs III tho
demand for loans, gave them great deal to do.
tioy care to aee idle, tut complaints ale fewer,
aAd thare Ia concurrence on aat sideB In tho
statement that bnsiaoas IL brighter.
In" rate OF discount at tho banks was SOLO
por cont; OH the atreot HD10 Per cont real es-
+ato 'oasa wefs 9G0io Per cert.
Now York exchange opensd at 25o discount be-
twoon banhs for 4t,00D, but closed trn at par,
Iho cearnEs wero 81 40u,0u0.
Tls lllrd National Dauk las declared d1vl-
dend Of 6 per cent, payabo on and after .fuiy s.
pany havo oeutad Air. n. 7. Smith sscletary
LOCAL srooKs
Tranaacttons III iocat stocka are light and In
freqnent.. There aro snles every siay Of ono or
aa'o l1er kind Of atock, bWt many Of thom mover
reach tho public. The absence Of auv autllorita-
tive quotations Of rates Hike shoae Of tho Stock
Exchange Of Nov York inakes it di.l.oult 10 do
tort,tne "hat arc the ruling rateH. It aso oper-
htea often to tha seroHa disadvantage Of sDlsors,
who are led In Egnorauoe to aocspt prices below
the real value Of taoir securltios. Traders In,
allrnllce Company stock iH m instance tu point
This ssool was rated in tho quotations at 1l5,
aud aaies wero n,nde at that hgnto, whom 121
was fiucly offered Tor 1t b7 the knowing onss,
and when It's real value was believed by tile best
informod to bo at least i2j or $50. 1le last sato
was nude at 113.
The stock Of tho Chicago & Calumet Canal and
DOCK Company. gives anuther example of the un-
affairs. The lust aaie Of which We hayu heard
Numbers Of saleH havo been made
ut 8ut and a case hns beon reported in which 14O
Wan bid. Estimates of tho vaius Of Btopk rapge
all sAs way from 61@2QD.
The Real Esta;e Exchange ia about to open
It's rooms to buyer and seller OF stocks for daily
chlls.. 1t would ba beuaiit to all pa,tles but q
fow ahfewd and not scrupulous operators 1t tho
Invitation WAS acceptel aud tue rates OF differ
liclv stated every day.
Following arc soma quotations based on actual
ealca:
National Bank ot 11lluos..
First National pank
Gefnln National Dunk.
~ s'9onAi =. inkt
0orn EreannVe National Dani. .is
thth Nattonai bank.
lliao and Loather Eank. :.
e. Gnos Coaa'y National Bank.
I,'.t, Nattuaa. It nnuA
NitJOunl .-
National Bunk Of Commerce. Observation-Disclosures
Mcreoants ssvngs LoAn md Trust. .ltn
GAeaHo lhe ConiAnY. .ftl6 b11] llQ
Cnamber Of Commerce ...........,...,..,,..... 81
Gnsaso csty Raway.
North SIDE Rail,ysy =. Ssx
Traders insurance Company.
9. Il 6. Canal ana Duck Company. 10
Iataf-stats Industrial Exposition :. .......... 70
SLOW pe terHen. 1sbsrs 4 Co. .sport the ra,es
4ao5a parix, bl5@511I; Hamburg, eg@oGA !;
borlin, 72t@72s Belgium, 5l5@05l11l i : Holland,
4i1h@di1G; Swcdou, IS; Norway lit4; Don-
mar1, 66 Ftnland (1t,bHia), 2oss6G+
Cable trannfHrs: London, 432; pariB 608M.
nEfAuLT1Na HALFWAY uoHps.
The following laiest New York q,1otations for
dotauting railway bonds are reported by a. o.
Slaughter:
Bid. Astcd.
Burlington Cetlar Rapids L Minnesota
hrst-tnortsaYe Is, Minnesota Division, 81 IS
burlington, uetar Eapi,s l. Alluuesoin
arnt-lnortgags ill., Milwaukee, Division, 80 Is
ont'aso Il Cnluda Southern tirBt.noft-
gaKn 1a..................,...... 1a. 80 70
Chesapeake Il OHIO, first mortgage G~.Kold al 81
Chicago. Dauyilie u Vinceuued hrRI-mort-
glEe Il. - ..............,...,... 43 60
Csnfral {of Iowa. ftrat-mortgsgo II, gold, Us ~
DIS Moliles Valley irat-morigsKe ID, ...., 4G 30
Dea lIoinrHVatIey nI-grant 8s..... .,,, 40 25
Leayenwortl. Lawrence II Galveston laud-
6FaHS 1u@.. 70 1U
Missouri. Kansaa l. TUxas drak.MortAage
fst Hola.. ................... $50. Is 50
Northern Pacific nrst-luortgnge 3-l0s
gold. ld........................ Is 1G
Rockford, llock Island & st. Louis frat
1nortgaYe u, Eosd.. d..,............,....., 20 y.
South Bids tof Long 1slanG) arst,mort-
gaga a7s..................:... rs IS
81. Joe Denvcr City {Eaat DlYlson) nrst-
mortgage g., gold. ll......,......,....... ga k5
ct; 1aa 4 Denvsr City <West Divatou)
irst-murtgaRe Hs, gold .,,............ 10 "a
Toxas Il p4cltu arH-mostgage Is, Eand-
grant,. ......................... ID -.