, 1876-09-11
FINANCE AND TRADE.
A Decided aen6ral improvement
= at tho Banks.
Prospects Of the Wheat Crop...sale Of
:. Two Railways.
Tho Produce Markets Active and
Stronger.
In idranto llpRg Tho Wbols Llas,p but Corn
and Oats Close Easier.
FINANCIAL,

Though fhe weather during the past week wasd
most Of tbs time vary unthvorablc, thefs was de-
ctded Improvements In general business and at the
banks over that Of tbs prorl0as week. This Clear.
ink-1 House nEuros show tht business Al tho banks
to have been tp axcess by nearly $500, 900 por
day. II those for the settlements Tor tho previous
month on the lat and Sd ibc deducted. LINK.
.trs and business men generally arc
moro hopeful that their expectations fofa salts.
factory fsl1 trade will lie rchlizcd. Durtn. the
week the Ftrst National Bank took $50, 600 Of tho
popular loan, and the Corn Exchange took the ball
Rnce. &f5o, 900. The 81, 0o0, COZ Of certificates
thus taken by our own ctIzcns and banks will re-
1lnsc the str'ngency IN tho pockets OF teachers.
fsemtn. policemen. and other employees Of tho
city, most sdectualv. while Il will show the hold
.en OF Chicago bonds snd othor indebtedness
that oir ci,ys financial condition IL sound 10 tho
core. Confidence 1t hama will inspire confidence
abroad.
Money for MI legitimate bus!nesa purposes con-
tsnues very abundanL Indeed, II IA becoming dif'
tealt TO And satisfactory loans IN tho city In any
ecnllderable amounts. An an Instance 0f thIs
one of CDR old citizens drew his check last
week for a00 600 and sent II In 4 sin.
glo draft to New York 10 invest ta tho
new AZ per ccnt Government bonds
That such an Investment should havo haeu made by
citizen Of Chicago Is almost ns wonderful a. the
fact that liz had had ths' money IN deposit for
I0nE Time WttHont hHIlfG any satisfactory lGhH1
10 plncc It l,utter ratc Of interest," The low rate
OF inherent ruling, and likely hereafter 10 rule In
The city, will greatly stimulate our manufacturing
Interests and add 10 tho prosperity Of cur city I'm
rnenaey. It Is ono Of the asns Of the
times that Justly Inspire confidence in the
BtctdJ growth and futato supremacy OF Chicago.
The markets for farm products hare generally
become stronger during the week. Toe advance Ia
not very great but II mnkes thugs more lively and
hopeful, The facts have been noticed from day 10
day IN tic commercial colunnp Of Tar TRIBUNE.
The demand for currency and fos loans from
country correspondents Ia increasing. It fully
supplied, and we're It ten times greater could be
readily met City dcposltors DO not scom rs o
general thing to rcquse moro funds than como to
hand In the ordinary couFBo OF their trade.
Though dscount lines ut the banks arc gradually
increasing, tho rate 10 customers 10 unchanged,
VIZ: BGtlo per cent. The tendency Of the Market
cspecia1'y for rmall fasors, Ia towards tho upper
figure. On large loans, with approved coIlaterals,
aomo Of tho leading banks will still concsde l0a
per cent from tho nbove 1gures. .On tho atroct
very little 10 doing, and rates nominal At 0b1B
per cent.
New York exchange ~ steady at 60 cents dls.
CONT per 81, 600 between banks; to customers.
par. Tho market Ia vel! snpplicdnt the ngurc.
A dividend Of So. TO per aharo has been declared
on the preferred stock Of the Chicago, Milwaukee
& st. Paul Ralway Company, payable Oct s.
The clear1nss fur tho week ending Sept. wcro