, 1877-08-22
Business at the Banks Shows Up
to Advantage.
Tho Effect of Oycr-Taxation Upon
Capitalists.
Active and Stronger Produce haEkots-'
Provisions in Good Demand.
An Important Advance In Whcat'.'Othef
Drcadstufrs Tend Upwards.
Stocks Of Grain In Store In tha CHI"
caQo Elevators.
FINANCIAL.

Nusinrs. at the bauks in nlt departments con-
things lcclledly On The Increase. Orders fof cur.
roncy tsum country bauks ara larger To-day t!an
fur any Tine thus far this scason. II ARRIVING
IN considerable quantities from New York. anu
hence our city Institutions havn nm abundant sup
rly to meet all the wants OF customers. fraseF.
uay, for the first tn,c. ono Of the banks rcrorfed
several applications for dlseonnts; but thor fecmeu
ii come more lrnm those who Wished 10 rroytdc for
contingencies likely to occur ten or twenty days
hence than f.ou, any immediate necessity. The
market for dltcoun.s may etllf be quoted decdcd'y
easy, but II is wolkiEg little cIoscF'
and T.. likcty 10 b1 more 60. a.
soon 4. decidedly active movement tn cereals
makes itclt felt upon tho banks Of The city. Its
u.ual discount rates arc 801o per cent, all the
hsnk. taking al the rcAlly good phper offered
by custoncrn at i pei cent. Call loans a. hercto*
fore, about per cent, though a few Of Tho 0anXd
might accept A lower arure.
Shipping bills are reported by some Of the hanks
in much better supply. They are ready for all
that arc likely to offer, and eecm to be only anx-
1ous for mote. This llsrcr movement OF products
kecps New York exchange down to tho cost OF
ordering currency from few fork. vl1'' about
Eoc discount per 81, 600 between banks, though
there we're sales at tic, md somc perhaps at 81 co.
The better nupry Of bills comes from shipments
completed far two OF three days previous. for the
sharp advance In wheat yesterday Of some &c
rather checked tranEacttons; but In spite Of fhas
they were or moderate anount
Tue clcnringn were 81, zoo. 600.
TAXATION
DIrcu,Tons In relation to taxation belong mainly
10 other columns In The TRIBUNE; but the effect
OF tho cuormnns taxes upon our banks and hnanclal
affairs generally may bo hero noticed. For two
years paas many banks have been withdrawing
tI,cir cr1utatIon, reducing their capital and
surpln., nnl investing In Government bonds
Sometimes, Of course, the money II divided
utc kp1A SChn nj n
use Of It they Gun. In either cdsn the fact remains
that the banking facilities of the country nEe
reduced, nrt when once burmese becomes active,
with our largo crops and larger bnsfncAs in all de-
partmcnss. 1t is not unlikely that money may be-
coD,c very uncomfortahly acarcs. TAsnttou upou
The bankA has become vrtua, condecatlon. II.
con1-eation Ut dtrfdends,-for some nf OUT beat
and mnsl prudcnty- managed institutions have
passed their divtdcuns for n1oso than eighteen
months pa+t The holders Of rca estate complain
that with them matters arc even worse. for IN
thou,anda OF cases they do not realize enough
from rents u pay ta1ck One Of onf heavy cApl.
taltsts has Just invested $40 GOO in Government
44 per eents declaring that be will never loan IN.
other IolIas In Chicago. Taxes and risks
cat up moro than Az per cent difference be.
tween the rates on oana and Government securities.
1t IL not The place horc to lIscuss rcmcd,es, but
come neana must be devised TO stop tho wastc and
stenltngs Of public officers. no ono can tc into
what fearful cnlamitics the business and prosperity
Of The nation sure. At no distant day, to DO in.
volvcd. ..
uoARpINu.
In spite Of the low prices OF everythtnR-of real
estate csnecIAly-and tho abundance Of promising
Investments offering, M uuuaual degree of hoard.
Ing IL reported among 0ur people. Amounts, largo
,u t.sll, Al tho abilities Of parties may permit
almost daily eninR into tho hnxca Of our safc.dc.
posit companies. OF eourac the largest number Of
hsno.tt1 mr. t1atln Gy Ntru but moro women arc