, 1877-04-17
Active Margin Business at
, the Chicago Banks.
Finances of the Pennsylvania
Railroad Life.1nsurance.
The Produce Markets Again Excited,
and 1rregularly Higher.
Wheat Qnict..-The Rest Acti1c'..Tho
Closing Feeling Ilnther Weak.
movement from the Esahoard.-.a Grain.
Storage Hatea.
FINANCIAL.

The activity otthe Board .of-Trade markets made
he margin bua1ncss Of ths banks lively. There
rms slight improvement perccptibo IN Tho gem
,ral demand for bank accommodation, but there Is
It'll IN oYtsp1us Of 1oanable funds.
Hates of discount were 811o per cont at tho
banks 10 regular customers. On the strest, rates
trc quoted the same, und business II light.
Now York exchange wAs arm aud sold betwten
oanks at 5oG71c per 81, 600 premium.
The clcArtnVs wcrs 50, 400. GOO.
FINANCES or THE PENNSYLVANIA RAILROAD.
The Pcnnsyfyanta Railroad has turned over to u
company called tho PcnnsylvanlA Company lts
lenses Of railroad lines west Of rlttahurg, bus u
still responsible for them. 1t pays for them
~, c0l, 0o0a year, and this may be taken fairly 10
represcnt debt Of s100, o00, 600. Ths fantAls
east Of Pit..burg are about 50, coo, 900, and, As
some Of this ia at per cent the principal may be
calculated 1t 800, 600. 0oo Ths capital Of the
roa Ia 500, 600. co., liz bonded debt eco o00, 600,
and Its floating debt 81, 600, 00o From these CAL
cu'atlons tho New York Sun holds ths& a. 4 vr-
tual debt, a. far a. Interest goes Of $265, 0o coo
has bsen ra!ssd on the .capstal Of $0o OoO..
600, aiminutlon Of one,hfth IN The
profits would leave nothing for the
stockholders, ~ it, value wonld be entirely
wtped ont. II tho stakeholder tufns, says The Sun,
to tho last report Of the Auditor Of the rosd for
tho facts he ncods to sid him In Judging how things
ars going, ho finds himself bagl!sd 1t every turn.
The lines west of 11ttsburs struck out Of con.
ekAElAl40h HAA lASkSb5 tHc AoeuAAASV ttkas
their earnings last year succd to pny their rentals
and t1iae besides. This business Of tho lines east
OF rttsburs Ia mixed mp with that Of tho main line,
30 that only By an elaborate calculation can It BE-
,teparated. a long list IL presented Of bonds and
stocks owned BY the Company, bus nothing IL said
Of their market value. A brief Account is pro-
tened Of tho earnings Of tho several coal and mia
ing corporations In which the Company Ia Interest.
cd, but no statemont u given Of thslf capitals and
liabilities.
TuB sAN gRANc1sCo WnrAT RtNG.
Tho San Francisco correspondent Of tho New
York Sun, In describing the failure Of the San
Francisco Wheat Rtng With Fricdnnder At IT. head.
1lves an account at tho manner In which Fried
hinder had gained bis monopoly:
~ making enormous contracts In stvauce for wheat
tn,i fennhEs he controlled the arket price ot wheat
aud frnKlts 70 fnr - It wha In the Dnwcr OF one
man TO runttol tten. aud h,th farmers and lrtkts
ic "1o"k oprysitson eompeilton. ssd rnt
forth NIL thr p4.srr at hs cmsn4 30 crush tho ls*
WIN had thc cInrrtty TO enter the lists A1alnst HIN
kna aH xcncroHs @ n PRINTS s. ha ~ rathtc. ~ -
In the wheat trade. Various Given for ha
failure. hut tho true TINT hn tfao hSd nut
Erown the man a,1 his methods tic c4uIu no LONGER
H. u a y e. 10 sa adas M hSs ~ I'd FIJI H.
ty.le,n with him. Henecfefth tbail have opcu
market. With cnnpetuE buyers and sellers, and Tho
c1EEs cannot fn ~ bc beneficial 10 both ouycrs and
Tl1sn,5. isrf H. a HIM nd i fp4 sx,fd n s III ":
events nf tile ras and II IL we'll for tho producing In
ttrcAts OF tas state fhat III reign II ever.
RAtLHoAD noNDs.
The following bida ware undc an thu New Yofk