, 1876-08-06

st. Louis Greatly Amused at "The
Tribuue's' Last Sunday Letter.
Interesting Facts About the Ch1-
cago Botanical Gardens.
LOAN MARKET.

TIE FIGURES FOB THE MONTH OF JULY
chow falling of Of nearly S65o,too "f1en COM
nared with the same month last year. Loan
aqenis, however, assure us that the month was
= yerx profitable one, and, in the way OF COM
missions on renewals, netted them more hand
xou,e returns, with little labor, than has fallen
to their lot III the corresponding month for
many preyious years. Few new loans Of any
1arce amount we're negotiated, and for those Of
$1,000 and upwards and ~ per cent were
the interest figures. What the commissions
we're is one of those things which "no fc1lah
can find out" but, as the older agencies appear
50 jubilant over their profits, there is no doubt
that borrowers found but little cause to con-
sratulate themselves OVER the nominal lowering
Of the rate Of interest
The tabular statement OF
THE BUSINESS or THE FIRST SEVEN MONTHS OF
THE YEAR
shows gradual diminution in the amount Of
Indebtedness contracted, compared with 1879
and 1874. On the other hand, the proportion of
pa;ments to new indebtedness shows gratity-
Ing increase In 1874 it q per cent; in 1875
the figures were S5 per cent: and for the seven
months just expired it was 90 per cent 1n the
June statement, bad debts, with consequent
foreclosure proceedings, figured at only 10 per
cent. It is reasonable to suppose that the pro-
portion Of such undesirable investments is di-
furnishing.
THE BORROWERS DIFFICULTIES
arc not apt to be lesscned if the intention OF the
gentlemen who look after the taxes be carried
:tu effect. There is large forre ut
v,.x going ovcr the books for the
.,;r1n,se Of discovering who arc the
i,1tczl capitalists who loan their money OIL
.ss,:tsagcs and trust deeds, the ultimate intcn-
,1 being to assess them for taxation. II this
n1sld be done, borrowers would OF course have
ii pay the tax, in the shape Of i little bigger
commission. You must first catch your hare
oefore you can cook it, We wish the gentle
a,cn who have this job in hand an easy time,
hut We are afraid they will find the discovery of
the Northwest passage, or the veriflcation Of the
existence ct Sy1nms' hole, a far plcasanter and
easier undertaking.
~ THE IoAs1Se BUSINESS ...
has been very fair the past week, over E1Wl.tRW
being involved in thc weeks transactions. Two
hundred Thousand dollars Of this amount were
renewals and trades. Interest is unchanged,
and with revival Of demand there is still less
prospect Of any lower rates. Payments are be-
Ing met with fair degree Of prornptness.
Some parties largely involved in real estate
transactions have had to succunb to the hard
times, anu nave QdQ LQc1F properly sofa OuL uu-
der foreclosure But their failure has been
long expected, and therefore causes no ripple Of
excitement
THE IMPORTANT LOANS
cf the past week were as follows:
a Southeast corner Of Peck court and Wa
hush avenue, 1o9>S feet, west front on the ave
nue., $40, 600, two years at per cent.
9) Ninety feet, south front, on Washington
street, northeast corner Of Western avenue, and
zso by GET feet in Block 49, shetlicld's Addition,
$4,000, five years at s per cent.
3) North State street, $50 feet, east front, be-
tween Division and Goethe, $4,000, three years
1t s per cent.
f4} Union Park Congregational Church, sG0.-
B00' five years at s per cent This is renewal,
and is reduction Of $4,000 from the old loan.
(5) The I'ost and -Nnu Printing Company has
given mortgage covering all their material to
secure S27, 600 due in one and two years, 10 per
rent interest This is not rcal-cstate loan, but
is included in our tabular statement.
Qs) Leasehold Interest and buildings 249 to
o55 South Canal street, 2,0oo, three years at
10 per cent
COMPARATIVE STATEMENT FOR THE wEEK ENDING