, 1874-07-30
MONEY AND COMM MERGE.
FINANCIAL.

wrpxxsnAr EVENING, july ~. .
Half A million dollars was offered to-day by q
Chicago bank to borrower with cash .ool'atoraia
Tor ner -oebt on call. 4 loan Of q stnnl!or
amount was mado OH those terma yesterday, az
We announced In thta column. Thia is tho
lowest limit Of tho ,uartios TINT st'oh eScop-
Nonal rates aro made shows tho abundance OF
fuuda, mud Tho general quiet Of business. Money
u Now York Is 2@3 per osnt on call, and hence
the quotation OF per cont for Oht-
cago bhowa tho uBsni nahrgsn between rates
Eaatand Weet. Gonoraty, tho rnto Of discount ut
the banks Is 10 per cent for regular customers
with liberal CONCESSIONS to o.hor good borrowers
Money on the stroca Ia a@18 por cont roal a.
late lonns are 0@10 por cont with poroeptap'e
increase, attributable In part to rebuilding; :.
Now York exchange Ia scarch and atln ~
shipping ratoa. ~ -
Very little monoy Is going 10 tile country tho
receipts exceed ahpments.
Foreign exchange Is quoted nt 5loA@51sN
for Paris. HOAX Tor Frankfort. 7l91@72A tof
Berlin, and a5s6@oo1 Tor Dromen ana Hum
burg. &x.,o.,
Tue Bomt- -annuni Btatomont Of tho NSttona&
Life insurance Company Of tho United ssatea-
published IL another IS oon soa eho 20 to;al
total liabilities q, l2s, ,260, and the eurplua
gage, arc 81 448, ,547.69, which is more than $780,
doc In e1ceas Of tho total liabilities. Tho Ma
Cougroaa. It doos busnoss on Tho low r.to
stock plan, antl isB success may DO Judged from
tic fact that, il has iaaued 25,doo poll
sies The stAk T. t., no onger, owned ,ns.l tbs D5
COY eonroi Poa1 q parties 5eaed 5 I Wth sbe Ropube
1lfc insurance Company Of this city. Tho
National Lifo has always invested largely In
Chicago and Its business In this direction Will
now naturally gGoT t9 3n1Eer proportions bas
amounted to nearly half million, and With its
removal to Chloago will follow ttanafer Of Its
large capital for business At this point
Tho amount OF dividends payable in Boston In
Augunt, 10 far as thoy have boen declared, ID
&z,2s6, Gas. Tho changes aro not material, the
reductions haring boen made tho ,pfeyious six
months. Tho Dorchester Gas Light Company
resunloa dividends, atter rasslng onco. Tho
capital has beon Increased to $40D, 900. Tho
KsarBargo Mills also resume, the Laconia re-,
ducss from to 8 por cont and the Winthrop
Mills pass. Tho Boston Duck, Saratoga Victory.
Thorntliko, and War.en Companies bare not yot
declared. being late In making up thcir scoounts.
Tho Pullman Palace Car Company'a quarterly
d!sidcnd, duo Aug: Is, haa not yet been declared,
bnt it IL expected the ubual So per sharo will be
paid Quarterly interest on tho 8 psT cont bonds
Yranoh Railroad Will undoubtedly ray Aug. ID,
tho usual dividend Of 8 per cont sefs not yet an.
nouncod. The Eastern Railroad Company will
redeem e75o. 600 per cont bonds. due Aug. I.
issued In 1854, twonty Yoara to run. and the BAL
THE NEW CURRENCY LAW.
comparison q ths s copd1si1n ~ p1int paatsa Of
banks on Juus 20 and July 18 shows that during
tile first four weoke OF tho working ot the nov
aaw those banks lost but s35o, 900 iegal-tendors.
The amount OF deposits In tho Treasury against
Natl Harl af2H m "a
23d, 9l6, 153, sSo, cevcEiug tho deposit required
on S32a, ,0G5,3 $50 National Bank circulation,
showing that nearly the eutire deposit required
uudcr sho nav law aBatnat circulation LAS been
already nasle.
SECRETARY nRIsrow AND TIE NEW LOAN.
Tic New York Epa7i.,g Pos! Of Monday last
says in its financial column:
Every ons who was,ted tha bonds as an Investment
Tho hds as II, gold aAles should haso beoa publicly
orened, and, "a II was u matter In which Tho public
pasbsa IT. s ss
.3inattoa to mako Il public .nair. Then. when
para.lvoy small, and probably from thst faet
rs decided 10 wa.hl,o1i all p.rtioulara, ana a.
ra T. bds . so ID eocsa s sns
terms ot the elroulart althorxh a!sa with tho bla
which 3sd conform 2 tke eEs',s IT, Thy b. h:s made
avoid snwit: chnrges Of faYorng any claas Of bank
era he hss not ayoided il evident from the fact that
woo matter has bean managed tn tho Interest Of Tie
syndicate which VIII get the Greater srs Of the loan,
for this syndicate. This is charge which wo
do not make and, nesNlthstsrtnE ths plausible tbs
simply hsng tint sscroi.ry Bsisows vant oi fault
i,iy with proper methods bus put hin, In an unfortu
nate position.
Tho journal Of Con'mercc Of the sams data
oa5s:,
It was dcemed ver1 strange Saturday thst tho sched
ulo Ind not ,,een furnished from Washington. The