, 1875-12-23
Chicago Banks Still Discounting Heavily
for Their Country Corro.
spondentz.
Currency Moving Freely to the
Hog Districts...Tha Clear
: ings 100000.
Tho Produce Markets Ensler-.-
Provisions steady.
Nheat On the Down tsrndc...B Barley
Weak-..Other Grain Quiet.
FINANCIAL.

Tho general as,set of tho local financial atuattnn u
Of great actylty. While Tho lr,aand ior ac-
commnodaions II net 70 pressing ~ to mako tho loan
matkot STRINGENT II Ia safe to Ray that thers "a little,
II any, loanatlc surplus in the possession Of
tho banss. Collections hare fa''ea array some
What, nnd this has been followed by an
enlarged mercantile demand fur accom,no,a-
t,0ns. The packers ara borrowing consltcrale
>tus, although 1t ~ noticeable hAt esary surceHdg
yrar finds their capital IL larger and css dcI~n1rnt
upon tho bants Tho handspring Of tic prca"nt iHlHy
movement tn cal fnanccs Is Tho continuance .: the
country demapd for bankfasoss. This il undated,
anil III dteounta and ourrtncy ID nbt1rhng about
much Ct tho usaus " tia Chicago tanis thsy
sIate. Unlike t1E usua1 Of aIas IN preceding
gears, thia money docs not rern 10 lhs tanks n any
large rrotHs1inu 1t reairel Ia carry the stun tia
country IL holdEng hack from tnarLot. Country hank
balances here have been drawn down 70 low point,
.td tho Chicago hanka arc nuw drawing down their
ba!anrrs IN Hsw Yurk.
1tatea of aooant sre rtea'ly, At afT1o pr cent to
regular customers thore ars few onsidp borrowers
VI cl1ss thEt ca1l command The attention Of ths
tanks. Such an shcrn arc, however. obtan luaua
on good FoasSra!s for shnr. TIME at 7G}3 per CENT
On the streat rates aEc 6ll per ceus, with onIy
light offering Of good negotiable paper.
New York stchanKe rtnAina Ut 1scOnut in the
general distribution of currency through tbs Wo1t.
It was soil butwean hanks 1t 1ica$l ttlscount for
sl,0,n.
Tho ort1Ara FOR currency were again liberal.
1he clcatuEs were 81, GQ,tan.
NEW y0AK gAylS,,s nANEs.
TIN examination Of tic boakB Of the Third Avenue
RsyinRs Bunk Of New Inrk shows that tho o!itc:
drew 1aTg4 salaries for contrary 10 law, and that
considerable amounts u the banks money hare passed
In snnrsons into the haAls OF tho Trustees
lii 1861 G? -, and II, tho ntcers t,e s72su III
salaries, anl F3,lMhr voe Ut tho heard nf Djseoiors
In thu way Two Trustees ottIinei ~, Ia. Dis
aatroIs Investments tnae In Atlantic 3laiI atock
aud In Alabama Louisiana, aud nt!lcr bonls Che batch
If Aantie Mall htoct that s4sOceo was finally sold
far f12,1Cui Tlrre Hing In tho 1oar'I nf Tre-
tasA tllt manipulated tho fuuda of tie hank for is
lllrj Osca, mud ran il nto insolvency. The wIfo
u Of The vlce-9aidents actually rntli s. oGU
Of ts+ hnnka money. Tho principle pppcats 10 hasn
Leon tho xupla Of plunfr. Thu worst feature Of
tr II that II. u. e. Huwc1ls who waa LINK Ex-
nHincr in 1ei4. sccsptei thn 1oeto5el reports Of
tho ol.testP. and announced to tie public TINT tho
hank was k1Hnd, thus deliberately hetsay!ng the very
vuti.c ho had hcen elected to protect.
TIL: nvs1sEss ourLooE.
Tho failures iii iroyi lenec regarded very
fortunate just now, tenIiuJ h nnsettlo things,
mako noaey light In tic neighboring manufacturing
region, und he GENERALLY ds,Greea5o for New Eneas,d
aterrsts, though 1t is judged the annoyance will be
tut temporary but the ysar will turn out oil calm
rstrustcct VERY Hs1rA better than expected wucu
II nTencd. II has it Lsen altogether satisfactory.
Prtt cS E.re Leen stry Low md Lars been till yrry
recently cr.t1niEy TIN decline, ad. old soldars
x1uW, rekzra-chaH1s of pase, VIC H,eAn-is ,.ncom-
futtabe With the stsutleG n1Il most valiant,
who cannot he dsnrAzel. Hut Lie dry -looda srado
may safely DO R1il to To In hsather condition than
Its nrigaLyls.--Hcn IurE Journal nf co,as1erre.
STATISTICS voR 1870.