, 1877-01-03
Transactions OF the Banks Large
In Number and Amount.
Board Of Trado Demaud for
LOans---New York EN-
change Fiat.
The Produce Markets Moderately Act
ive-..Pfovisions Stronger.
Dreadstuffs Tend Downwards uAder In.
creased Freight Rates.


The banks hsd hu%y day, mainly On account Of
tho settlements On the noaFd Of Trade. Thcttwas
alivsly demand from that quarter for loans with
which to mset The obligations Of tho day. Packers
and provision incn vera liberal bosrnwera. The
mercantile and miscellaneous offerings ~crc light,
The counter transactions mounted MP to high
figure, owing to the Hoard VI Trado busncsF.
and the usudl accumulation over a holiday.
The currency movement WAS a trtat hchvlcr
The orders nre not equal TO The receipts, and the
anppl5 Of currency here and In New YORK viii no"
begin TO Increase.
Rates Of discount werc sD1u per etnt 1t tho
banks 10 tcgu1ar customers. On the aa1eet bull
meas VAS moderate. with Entcs At per cent md
upwards. ...
New York exchange wns sold between banks at
75cEDs1. 90 per 81. ooo discount.
Taa clearuES *ers s0 Uo0, 0o0.
CHICAGO CLEARINGHOUSE.
A1asetng Of the Clearing. fIousc was held yas-
tseday afternoon TO elect officers for Tho ensuing
yeae, The following election wns mado: Pfest.
Dent, John De Koven. Cashier at tho atesehanis'
National; Vice President, 1aaac q. Lombard,
Cashier of the Fifth National; Executive Commits
tee, Urson Smith, Cashier Of the Corn Exchange
National; George 4. Ives, Cashier Of me Union
National: Charles 1Ionruttn. Caaher Of The Mer.
chanla' Savings, Losn + Trust Company: George
/. Otis, Cashier OF the Commercial National; and
james D. siurgcs, Cashier Of the Northwestern
National afr. D. Il. Halo, The efficient Manager,
was ro-oectcd.
TO plsAsclAL EDITORS.
Wo dastrc to cali tho particular attention OF
financial editors throughout thu country to the n,ls
leading reports OF tho st. Louis ClearlnR-ifouse.
Tho weekly statements Of the ccarlngs OF the St.
Lou!s bnnks nre made 10 include both the debit and
credit clearings. In this way the apparent weekly
trapsaciions Of the Clearing House banks Of that
city nrc doubled. Tho rule. to which ST. Louis ts
thu only exception, hAs always been to report only
tho credit cleatngn. This 10 tic practices In Lon
don, New York, Philadelphia, lloston. ana all the
cttes In tue world, except 81. Louis, that have
clearing s-housts. The elect ol this n'kfepreseala-
ton OF itsalf by S.. Louis 10 eYasy week In e
laet T. bile, Of Now York. which publishes comparative
.-:afuents OF tho busluoas OF tho lfadinu Cities
x,. Louis. In tho last isaue, ID mado to rank fftl
Conc after Chicago, ny be helow. In
her clearIngs, instead Of being ST., 47D, 86A for
llrst thret weeks nj December, were. according
70 systeu, OF calculation In universal nsc, only
ar nER $50, a3.. In the summary Of Clearinghouse
for the ycar up to the third week o! Dc.
n,cF, page Ill Of the last Public, 1t. Lonis
down for 81. o1D, SOL HBl, nearly equal to
,vrr,.ago'a 81, no. i, 3s!, and exceeded only by
York, Philadelphia, boston,, md Chicago.
this fictitious s1ut Ia tnado real by being
lrcenled By two II amounts to only $500, Dol, 40,
,,.... sh 10 less than tic business Of Cincinnati or
st.tb8 Slmorc. St. Louis IL entitled the facA Of
93A. case, to much lower placo than her manu-.
turod ngurcs give her.
IN III business INDICATIONS.
B,,bmit Last Jsar Christmas fell on Saturday, and Tho
not ttaring returns for the wcck ending Dec
1885, II compared With tho returns OF tho cor
responding week Of 1876, in which there were hut
I I'VE bus,nrss days, nccossatlly show large gains.
Still, In Chicago and e. Louis. tho ectnrnn fnr this
n year thnn .1fth lasgcs than hu~c for
the corresponding rear iu 1875, AID In New York.
II per ccntlargoe. Comparfson Of ratrna for three
weeks OF December ending tho Esd, cgatean
daya in 1870 against seventeen In 1875, gtrcA The
following result: