, 1879-03-13
Light Business at the Chicago Banks
AN Inactive Stock
Market.
Tho Produce Markets More Active
Provisions Stronger.--Hogs
Steady.
Wheat and Corn Unsettled, but Higher
Weather Markets in Grain.
TINANCIATs

bonds. The certificates, Hike the bonds. will bo
both roupon md registered, but the Inter will
not bo ready for dctvory rs soon NJ tho former.
Tho certificates nre not expected to have largo
sale. They will 10 In dcula,,d only for those In
vcstors who have not the means to purchase a
$50 bond, md wish to accumulate THEIR funds In
$40 sums for the purchase OF 4 $50 Gonl, Tho
interest OF the $40 certificate is neyor payable
except by conversion Into a per cent bond.
The certificates can llayu no independent exist
cncc as interest -bcarng securities. Tho accrued
interest OIL them will cause them to
bo worth more than greeuharks or Nh
tionnl-bank notca In paying for pur cont bonds.
They will on this account run back with stea1y
current into the National Treasury In c1chango
for 4 pcr cclits. The certificate will be- made
nearly Of the form and sizo OF a United statcs
note, and will bear on its facn the following:
UNITED STATES NEruSptHH CERTIFICATE.
len DOLLARS
This ccrtfes that the sum Of sio has hcca de-
posttcl with the Treasurer Ut thu United Suites,
Jas. alLr,11AH,
Treasurer Of tho UnlIcl Staten.
@. ". scorlELp, ltcgssscr OF tho Treasury, wash
convertible. with accrued Interest nt per cent
Sates aca Under M e scs Sst Of Jaiy L. is7 III
Jan: 70. 1871, upon Presentation ut tic Office Of
tho Treasurer Of The United States. Washington,
-. ~, ~ sams " eao' VI nauP'ts IN, ,nss''''
,ys ~ s"a oa' ~. -. .As .sa.u .at "',' ou
each n.ne uays, or onc-tcnth Of a onartof, cent:
for cnea quaFtes-year, 10 cents; for eacn entire
ycar' ~ cents.
iheso eertlheates may DC bonent Win law
aoi money anu the secretary of fhc lrcnsury
VIII also aeceps IN payment certincates OF dc.
poslt Of National banks specially designated
10 fcee'7o depos'ta on lhls aeeonnt' bat the
felunaing ccftillcatcs Will not DO delivered un'
III uao certificate Of deposit ,ssuea oS the
pank mas pcen pasu 1of bs treasury arait
OF W oepos't OF like amount with tho treas.
nrcr or some Assistant lrensnfer OF tue un!tcu
States, or until United States bonds OF cqual
amount arc substituted IN thclr stead. The
following commissions VIII PC allowed On tho
pnrchase oi thesc cera'acates' On m aggro-
cate *i,oao anu not exceeding $ioo,uD Ia any
ono calcndnf month, oae'c'gnth OF per cent;
anu on any htnouht exceeding eIoU,Vuo IN a
4'Ro pcfloo' commission o. one-loufth Of
per cunt on the e1cass, anu parties pufchas-
ing NJ onR time $ltooo OF mora Of thc ceft1b-
cares VIII DO cnt1tlca 10 receive thcm 1fce Of
cnarke 1oF transportation
chicago bankers report the business In doV'
ornn1ents decreasing. Their transactions show
the same drllt as tho Official 4g,rcs OF the Issue
Of bonus ny the Treasury. IL appears from
thesc u'at lilo holdings Of Registered bonds In
cfcaaed nuch more rap1aiy TT February than
those of'coupon bonds THIS Indicates de-
cline Of TUG speculation IN tho per conte. Tho
es OF leoli tue oeos OF le01. and Oh 1Sd5, wero
11nclan0cd III price. The l0+4os declined Il. to
lols6' ING now os 6, TO le4 nt!d tic new 411s
n, to 1o4M4 Tho currency. Gs advanced 4, 10
III. Ihe4 per cents were unchanged.
Ihc 1oTc10n exchange market was weak, With
larger offerings OF bulS' pnt 40 quotabIe change
10 rates. atefllng gram oslls were Nh, aud
French n''ls oala: Ihe actual Chicago rates
ior ste{nng were 4ooa anu aeVA' In Now York
INC acsuat fates "ero aao's ata ds94. Ihe
posted fatea 1or sterling we're 4s7 md 40.
French nankcre' ol'ls were 0lGA and 61ss4.
Consais were unshahRcd at W 7-l6. Accord
Ing to inc London Times, Of Feb II, tho general
"detnana for money shows no signs OF ineroaa-
lns as Inc fesu't OF any haatcfial development
OF DC" BUSINESS Althoaeh there Is moro con-
ccalment OF tno failures IN tsado than was the
caac year or Two ago, sufficient cvfdonco Of
serious uosonndncss 10 certain departmcnts OF
trade IS allordea to ehcck enterprise and cause
capltal'sts 70 prefer to Keep their money Idle
Eather t'lan employ 1t In channels WHICH arc not
yct pafecd OF Tic weaknesses Which will pro-
vent healthy recovery so long ns they exist" !"
AT the chicago ban9s business Is light. AD-
p''cat'ona for now loaps ara not equal to tile
pnyments Of maturing paper. Rates nre per
cent 'or strictly call loans, md 0lDl0 per cent
1of time loans' Il1c country orders for cur
rencY ahd the receipts arc moderate. New
YORK eschn''9o IS IN uon'and on country ac-
count nat lie supply Ii well kept up by local
Shippers.
Bank clearlngs wcro se,S0o, 900.
The speculation In Missouri, Kansas 4; tfoxaa
stock mud 1onds WIS ono Of the principal
features Of stock business. The second mort.
gage bonds adyanecd from ~, The opening
price, to asN, and closed at a1Il. Tho first
nortEngo bonds wont up to coz to GO5f. The
stock opcncd NJ luz, sold an low as w, and
closed at 1o9s, the highest point Of tic day,
Tue story that tho Chicago. Burlington 4
Quincy Railroad COMPANY has beon buyer Of
the securities uf the kansas & Texas RajIton,I
Is denied, accortll,E to our New York luutur.
"authcntIcally.h It becomes autl,nrlty for TIM
statement fiat ccr,oIn noston c,n,tnIie,s ,,,,e
,.".ss|', 49,. ~S" oosto'' eaptta''o'si "i'u
AaFe reallzeu urge preisfS from tAeir BPecu!a'