, 1875-10-19
Exchange Amounting 10 $l!S.900,o0o
Drawn by Chicago Banks.
The New York and Chicago National
Banks Compared.
The pr0dnce Markets Unscttlcd-.-P0rk
md Lard Strong..-lIents Easier.
Wheat and Corn Wonk, with Light Ship
ping Demand-->Freights Higher
FINANCIAL.

A committee Of tho Hoard of Trale havn recently
heen collecting statistics In rclaton 70 the fAac
OF the city Among other things they snihd that Ten
of ear principal banks se~ dutng tue laat year cx-
change 10 tho Arnotnt Of $Iis.o0oa} AZ hFHs sight
these figures ii, not appear Ii currcspona with Tho
values Of thc shipments Eastward Of fHtn products
during the SANS period. Taking tho amounts OF Rran
cattle bQRf. provisions, and nltGr animal products
and the average rrtces ruling for ie year, tho Acsn'
Salc Of shc shipments to tic ecanard waH fo!nd to bc
s2lOBOo,0No. Whence then. did Tho banks derive The
s1Gs anil aaYe tho ralun Of tho ehpnsonts
iron, s city? From, all tho Surrounding country. Some
half dozen 1silwsya Tho 1!1tnns Central south
Of Chicago, and III way nnothrr flr colIecflohS
for shipments for all the towns AMI elites for from 2oj
to 500 es In all directions, and for even 1.'U0 miles
~estvard, ind thrir way largely 10 tho hands OF our
haaAers. ChicsEo IL the financial well tho
ercls tcn,re Of all tho yas fertile country by which
sho IL a.lrrouudel. And besides. 1t Fhuuh be rctcn-
berel that The figures for the entire trade OF thu city
merchandise and manufactures incndc-for The year
1874 footed up the saund OF at fca0t &a 50uo"
Hence The renuts reached by tho Committee, In view
Of The above facts sud Of what has been s,d In M"
column for tho tast fow tays will be readily believed
That tho Weat aud Chicago are living npn'i tl' Rt"l
old maxim, "Fay - you CO." ia proved b; sle fact
that for long period in the past exchange lAaa far
nearly half tho time. perhaps more rule" OF "F Dt't"
par. This, as much an anything tls1, 'lln"H low
rapidly our people arc becoming independent. u
0HOWGs hlSCy Inat IAt DAlAuEp u e'.e', "
nf tho West tits The memory Of our hustneFa n'cn
that The rricc Of exchange New York las )eesl from
2to Is },er cent rreulun,, and At trB Il co!a not be
had orcu at that.
NEW yons AND cH1cA0o nASKs.
Al frpt sight Il may rrtu ridiculous to compare tho
New York aud the Chicago hanks bis ~hcn II Ia con-
sdered that Now York latrs her origin wsy back to
the carlifAt history Of the nation, ind elams to hare
Lc control Of x co,nn,ercc aud 10 have hold 1t in NIL
The mast md that il IN only Aftyeight years hince
Chicago became r1ty with only 1000 inhabitants, thu
comparison dnes not srem 10 lcn 20 very strongly
.ganst us after alI Iy the last bunk statements .!
the two ciirs It appears that thcro arc fortseight
National hanks In Scw|fork and sixteen In ChIengo,
onr.hr,l as nany: caplta Of tho Now York banks, in
round numbers, s 6oop0o; thoBe Of Chicago Siooo-
oo0-a lilt1o more than nnc-sKth loans md scouna,
New York, sN2 ooo,otD; Chicago, t2a,oo.o'0; abont
ouc-cighh OF tho agures OF the New York banks. An
thcse TIM main items, It fs not necessary to mako
my further comparisons. That tho Chicago tanks
will gain raj Idly on their metropolitan netghbors
there cannot be PARTICLE Of doubt,
PORTLAND, aiE., TO SACRAMENTO.
A conHrmatory Of what has appeared In tha roll
utnn for the past few days. Of onr Manufacturers
told the writer yesterday that auouR othcrs, ha had
tust Glled two largo ortesa.-one for Sacramento,
Call and tic other for Portland, aie. Thus In scores
OF cases daily 10 bath extremes Of tho continent Pay
tribute to our city,
THE CALLS FOR MONEY
at TIN bants yesterday moderate IN anoNns ard
,ot very pressing. Al wcro chrcsfnlIy met. Dis
count rates arc arn at 10 per cent. Scsfy nil lhn
banks hare about al the money lo4nea thcy csre to
have. To .his there are only uno Or two e1ccrtons
uus cashier told toay lie would bo gaa to get large
parcels Of 30-tsy paper att Per rent. TIC banks
customers arc mainly packeEA aud Uoari OF Trade
-. THO former hssa net 5et cogatnenccd 1ctsSc
Ikntions, aud ths latter do uot for cnsh funds
At present. .... ...
Street rates continue nominal at DSts per cent Not
much doing.
Exchange il scns1hly weaher. Offerings 5osts1aay
between bsnks than the takera at par. aisl
toettuca sales werc made at IS cents discount per
$1,0tO Moat transactions were made at par.
The clcarinEs wcro 3,6on.G21.
THE NATIONAL NASKs OF NEW YoRE.
Tho following Is sho Official abstract Of reports made
10 the Comptroller Of tho Currency showing the
dillon Of the fortyeght Sationu uanis In the City OF
New York the close OF business Friday, the 1Rt
day @! October, 1876:
,1J..n