, 1875-02-17
MONEY AND COMMERCE


The condition Of business At tha fAnks and among
other mouey-lsudsts remained without material
:hnnge.
The applications for loans were, II anything, ftss
brisk than they have ieen. Grain and provision arc
eon-tsnly accumu1atiuR hsrc in consequence of tho
eondion Of tbs market, aud tho amount Of money
aecdcd to carr1 them groWa arGar with sac day. Tho
tccetrts Of hogs continue libertt for tbs season.
though not actually large, And considerable amount
u money Ia therefore uaed by the packers. Beyond
his, tbs aiuatton Is ons Of noticeable dnllntsa.
The spring trade ha1 not Jet opcne, although 1t wilt
bs ,nspguratel IN few days. Tbs demand for loans
from mercantile sources In light, although aomswhat
increased by the fact that collections hare altnEy been
slower than has BEEN nsua Merchants were supplied
by their collections With nearly all tbs funda thty had
sccasion 10 use Til the cold weather. aud the
seAYy anow.fan which ,ntesfcrcd hcroualy with tho
tista Of the farmers 70 the country town..
Hatea Of discount at tho banks ara 10 per cent to
regular cnstomers With concessons Of or rsr cent
10 good outside borrowers.
On tha street, there ss an abundant supply for MI
ths demand Tho demand, however, Ia anlail, Rates
are T@ls per cent.
Thcrs il steady, hut not heavy movement Of cur
renry to the country for hogs.
Nsw York exchange was hrner, sailing 1t 259e1e
discount between hanks for 81 ,000.
NILwAuREK FIaAKc1EnB.
good deal Of qust curiosity excited in tho city
so11o monthn ago when firm OF M!lwankee bn,ikefs
began to supply or Two banks hero with New York
exchange under the market rata They wers always
willing To sell about 15c under t1lo market.
AZ they wcrs good, the exchange found ready
saa One party here took At various times an aggre-
gate Of lalf million Of 1t. Nobody however. could
penetrate 10 the milk In The cocoauu of this benevo-
lent hnancieling till few days before III. D. +.
Allens suspension. milwaukee Ansneier suddenly
Appeared Washington street hcre With about $780,
700 Of the Cook County Nationals New York drafts
nrn then A0reaffd that this tttfA nFr laH
been in The habit Of buying Mr.. A'eus exchange ut
H. 0o41 100 90 under the market rate. and resenE at
= profit. As might have been expected, they were
caught At lsat Fortunately this happened tefore tho
luspens.on and they abls to make hoe arrange-
1nenta to indemnify Themselves taking security, etc,
Ths moral is obvious, aud IL not pressed.
ONE DAY AFTER DATE.
For tbs benefit of those whose attention has not yet
been arrested 10 tho point repaat Ctr reminder to
bankera and obera that, hy ths "Iittla Tariff Inv
lately passed. cheques drawn payable ons day after
dute are aLe 10 tbs 2ent sanp duty. and That so
fns Il incurred for each Violation Of the law.
uSsTANrED CHECKs.
Tbs srpsrssor Of Internal Revenue In this city iEs
sent notice the bauks In whose drawers unstampcd
checks have been found TINT they must walk up snd
pet1s with ths Department. The penalty is so fms
for each unstsmped check. The aggregate number Of
uuat.mpcd check discovered not more
shan 1890. The search extended hack among
N0 acEH&Hut8tlon* VI 3eatB. HHEu Ii Il IAia-
Elefed that The number Of checks handled by tho
Chicago banks amount by actual calculation to 5,o0o,
ooo .ear, Tho fact that 200 unEatnped checks
should have eludcd tho vigilance Of the Cashiers in
several years does not To Indicate any great neg
Ngence. and negatives any Idea Of criminal intent.
The banks will aappesl TO the Internal Revenue Dc
partment not to exact In face Of this pro Of their
Efforts to observe The law ths penalty Tor teeh
nicAi violation Of it, latter. 1t will certainly b. iu-
po.&bls TO prove any intent their part to svsds it,
NATIONAL BANKs ORGANIZED
rha United Btetes Comptroller Of tbs Currency fur
nishes Tho following statement Of National Banks
ganzed tho past week:
2,221-National Bank Of KIrallnnsilie, Tenn. ALI
thof7zed capital sso.ouo raid IN capital. $t55 -
-, President PHILIP l.. Marbury; caahle1. Au'hor-
1,122-First Nationsl bank OF McKcesport Pa. Au-
thorzed capital, $sO,00o paid In capital. 600.
Wliam WhigAam, pFeaileut; Yhomaa Penney, Cashier.
Authorized to commence business Feb. 10, 1878.
GOVERNMENT DuEDs.