, 1876-09-07
FINANCE AND TRADE.
:, ...
"A Great Abundance Of Money Il,
-. Chicago.
Tho Produce Markets Gener~
!. =. ally Actiyc---provtstons
+ Stronger.
Grain Opencd Strong, but Closed
=. Easier.
4 Few Words About Warshouse
oharaea and Mixing Grain.
FINANCIAL.

FINANCIAL.
For many months past the fast Tint money wn \
abundant In Chicago has bosn repeated almost
daily In all tho Chcago papers. This 70 eompan
.uvoly . new foaluts fl onr 6naneal AEalra
For ysats part With the exception OF fow months
10 the summer, II has been very PARADISE for loan
aSenta and EAstesn capltAIsts. Building and nua!- |
ncssof all kinds haa been active, and intereAt and
commissions wcrs high. In the meantime captalhas
seen steadily accommodating. and tho piping times
cs loans active At high tgures are passing away.
OF course the stagnation that has prevailed In near
" all tho channels ef. trndo hos had much 70 DO
with the accumulation Of money Ii the hands OF
capitalists and tho sinking OF tho rates
OF 1nterest. Al an ILLUSTRATION, since
Tho frs certainly = new fact In
ChlcaEo's financial history, OF our old citizens
Yesterday dssw his check for 500, COO, and took
draft for It and forwarded IL to Nav York 10 invest
In tbs new AZ per cent Government bonds. OF
course he cou.d not ind satisfactory investments
here, or he would not have placed II In security
bearing 40 low = rate OF interest," Tho compara-
tyo!y low rate 1t which money has ruled here
that Ia, low for Chicago, the average being for
months pAst about per cent-fs hopeful synp.
tom for manufacturing and other industrial INFER.
csts. II 1t should sink down, ~ It must In very
few years more, to per cent7-tha New England
lhtE3-huD VERk "lulu very 1VVH AAAuAA%4u1 vA
It's raw mntcr,al into staple articles aud bid good
by forever 10 Eastern markets. OF course fancy
stutrs and gevgaws would still be imported from
thlckly populated nations where labor Ia cheap and
peccsslty forces The production Of such goods.
Nearly nil tho banks, in spite Of tho abominable
Yeathcr, report moro activity. especially In de-.
uauds from country correspondents. They como
In the shape Of paper for discount aud ordera to
sh!p CURRENCY. Things look moro cheerful, and
bankcrs arc happy. As heretofore, the favors
sough BY city depoaitors few and Insignificant.
In amount, though rather more calls than hereto
foto arc reported by some Of tho banks. 4 man
who wanted to borrow $40. 600 or eo0 900 has been
stranger ut most Of the banks for months past,
few such were hronnd yesterday, and lhct advent
was welcomed with great cordially.
As heretofore, the iiscount rates 10 customers
wore S11O per cent; but some Of the larger banks
would conceda l per cent, perhaps oven mora thnn
that on offerings extra good. Money is very
abundant for all legitimate business purposes.
On ths street rates are sti} nominal At s4b18 per
cent.
Tho moro active demand for currency has dc.
pressed still further the exchange market The
rate to-day waa nearly uniform at rs cents per
s., OoOdIscoant. Transactions woro confined to the
actual wants Of Ec'lcrs, as holdesa hops for
higher figure.
= Tbs cleasings wese SO, 100, o0o.
NEW IoRK nANKs.
The following is an analysis of the bank totals Of
last week compared with that Of the previous week:
g }s; g
:ss:: zs ss sss5S sc Ess Ess: S s3 @ 'ss
s:i:;:;: sSs:S;: $ 3;sEss &C.: &c:
rRocEBss1vn REDUCTION or TIE NATIONAL
HNr