, 1879-08-01
Governments Stronqer---
:: Foreign Exchange
Weak.
Transactions at the Chicago Banks
The Stock Market.
fhe rrcdrts Aarkets Mtlse md loWer..'liegs,
Pro,isioas, md Bseaasluns Tend .
Downward. :"
Lake Froiql1ts Stronger---Rec--
ord OF Grain Inspection.


FINANCIAL.
Tic per cents verc II stronger, At l01 bid
md 1U,t6 aud 1U2aG asked. For registered IL,
1r,.S was bid. The fl wrre 10ts{ and 1ta,6,
tlc is, 1oi and 1045{, tia 41s, 1oi,k aud 1n,t1i.
Fnretea crcl,puga was weak. without any
great change In rates. Posted rates for astritng
werr 4S3l1l and 4s5I4: IN Chiea0s' actual trans-
actinns were at 4s2tt antl As4!.4till4S41d. Nsu
York actunl rates nora Js174 anil 4Si155. Ster-
ling grain bills were 4so14 md 4s2A. French
Grain bills 527}< an,l E22H. Frnneh bankcrs' Bills
were 52o1< sn1 5oo. in commenting on the an
uuul atatcu,cnt Of the foreign trade nj the
United Statcs. tho Ncu York Daifr Bulktn
reaches the following results for tho nins yuars
prccel!ug the panic, and tho SIX years TINT fol.
lowed It:
NINE rEARs rnRcRntya THE rAHfc.
'E4cesso Of goods imported over goods
cxportcd... .............,. .... .$aDo, c09. 0no
Deduct net export Of speeio...".... s:77. ooa 600
Commercial balance neainst O. s.. .s3G. ooo, COO
s1x rEAn. FOLLOWING THE PANIC.
Excess Of goods exported over eood's s-ro mn mn
Commercial balance 10 credit ofU s. sn244 600, 900
During tho niue years OF tie first period the
country paid Europe, Ia ADDITION to the com.
mercial balance Of $500, ,0o,,ooo, not less than
5000 COG, 600 interest on bends ot ulcrcnt kinds,
~ wn,,,ti therefore appear that within thcsc n!ns
years We accumulated foreign Indebtedness Of
somewhere about S1,non,0 ,000, 600, which vas
Represented by tito various for1us Of scctsl-
Tics sent out Of tle country within the
period, Dcdncting from the farora-
khle BALANCE ot $D,4 Cox, 900 sinoc The panic, tile
.ntut;ai pRyueut Of uhout S1Qf{0 0b1 which IL
is calculated has been required to pay interest
abroad, balance OF about s5oo,ooo,op
vuull appear to have been available for the
liquidation Of our debt IN other countries, cx-
':ept 30 fur ns 1t may 9ayc been required for tho
settlement Of unknown elements in tie account
nj The kind above alluded to. In nny event,
these figures SHOW that n very important amount
OF out foreign Indebtedness mist have becn
liautdated 8ince the panic Of 1873; a'li it Is i'm
Dortant To kecpfll view the Eact TINT these par
ments will materially reduce the amount to be
paid Ii, futuru for Interest our forelgn iudebt-
rdness.
Couso's were unchanged ut Of 1916. Thc
Bank Of England lost 81. ST., 600 bullion during
tho pnst week. The Bank Vi france lost 81,
S5,nN.
Business nt the banks is aeercasIne. The
c'carlngs show this In reduction 10 1900 Qo0
Country orflors for currcicy coatlnue to ulalsc
considerable drain on The reserves Of The CHI.
caRo hanks. and some shipments haro l,cen
ordered from New York to n,akr good fhc sup-
plg. New York EXCHANGE continues In demand.
Discounts aro light, will. rntes unchanged al 40
% pcr cent on emil nnt 7Ms per cent OIL time.
Two tundredbharcs Of South Side City Rail
wny stock "tFc fofd at ls5, pr!se which IS hid
for moro; SAo,Goo Cook County is long were
SGI hntfGHn ftllrfH Mt jIH. 'l'1ih 1nft0ft