, 1879-01-21
FINANCE AND TRADE.
How the Demand for a Per Cents
Affects Bank Deposits.
Lighter Country orders ftr CnrtntJ...sals # Csl.
Grade Silsr Balisa In Chicago.
The Produce Markets Generally
Active and Stronger.
Provisions Excited ana 1rregular--
Wheat steady.--Hoga Higher.

Provisions Excited and 1rragn1ar.-s
Wheat steady.--Hoga Higher.
FINANCIAL.
All fnterxsting result OF tho heayy invest
mcnts IN 4 per cents IL ta,at hank deposits arc
decreasing. Persons who hare been in tho
habit of keeping large balances At tho banks
idle arc drawing them out and purchasing per
cents. In them their money will be IS safe as
In bank, and Will par them per cent interest
every &l.rce mouths ,fanS cases Of this sort
are reported to us by the Chicago banks. The
subscriptions to tho per ccuts since Jan.
amount to tho enormous sum Of nearly $780,
G0.OOo. Much OF this vast Bun IL money that
would few years ago hare gone into savlng.
banks, or been kept in bank awaiting active EN-.
pluymcnt. An far na this imn,ensu current OF
Investment In per cents re presents the difficult
ty OF finding employment for capltal III
trndc and manufactures, II IL not
an encouraging Sign. The best
feature Of H. Is the saving Of Interest to the
Government. In fcl1ctat!ons On tho Immense
subscriptions to the per cents It must not 6c
forgotten that there may be arcvcrsc movement
soon. AnY gyeat roviyal OF tradc or spccula-
lion would create sharp demand for ready
money, and lead to heavy rcatlzations Of the
prr cents. Last fall thts kind Of movement was
ecen hcre When bnslnc.s hogan ia ho hr}.k.
1orr. h1oct. ~ 4 mr. rcnta vorc throvn NJ, tho
market. Dealers bought moro than they sold.
Merchants and capitalists who had put their
money Into Governments to make tho Interest
during the summer sold out whoa their bus!-
ness began to need their capital agaln. There
arc Signs already Of m unprecedented cmigFa-
tIon next spring into Kansas, Colorado. md
1osdrI1o 49,, cofc,,,nt,no rnon a uovcncnt
IN thctr t,ircctton that l1as mt bccn ,,rnn.srf1
nxccnt he thr rn,pro,lo1 n IAN In ro,liorn,a.
II onv thinr of thte sort ,bou,d occur. tho do.
r,on,i ~ rc,tu mrnev voul1 In vorv ,rc,.,nr
Tho i nv corts n, bo,rtng tho fo,cr., rntn ~
in,orcat md ho.n1 tha mast coovcrt,,,c, vou15
~. .,,n ,,os. f.o,,x o,rror,oa # III .cnrr,,,o.
:rI, ~ ro.r,t ,ror,,l =. aecltno ~ nrtcc
Transscttnn. t vc.,crdav ~ wcrc n,rIsr.to. Tho
,mr ecnt. .xerc en,1 ~ tnon IN .mo,, 1o.. ,n5
1lCaI lcs. for 1or1o ,nourt. Tho q ~ c,,.
hnm1s worn H7mcr in n1,cc n1.hourh the nh.
...,,,,,ona r.. tno H. .sors 1,rao .or,oo. -,
,ss1 e.,"nrno', II ~ 1t,1M a,,,, ,ho rno. ~ 1sca
~ ~ toa.< H. IN .,ns ror. ~ r. - 1nn,I
~ ~, ~ ma n, - 1sa, u r. ,n,1. ~ ~ 101s'
"'l n,',s' H. sa,.1 IT, ~ n,n1, e,.u,, =. +oo,<,.
.s.,, '~'' '""''"''>' "' 4''>a ''
TI'ar" ~. = e,,o IN fh,.,,, o, ,,,,,. ,.,,,.,.
from Silver Gill, Col. Tho mincs Mt Silver Cliff
and Lcadvfllo arc now producing literally. Till
raso has teayy interests IN both mining centres,
and should do 1orgo bullion bUslucss with both
ot them. THIS Is the natural point for Colorado
bullion to l!nl Its market. Chicago capital will
play prominent part tn tho extraction Of tho
orc, aud Chicago capital and enterprise com.
"eN Ta"s ~ Aaouo ..u "'I Iu'''1te"'o Iao ploa"
t.v.r nre,,oa ncro ~ roxa1,n ,hf. ,',..nns"
Tacy arc irst-class refining works and Unttci1
ktatcs Mint. These would add many millions
year to the business Of this city. Silver waa
qnotcu In London Ut 5Q}G rcnrc per ounce.
business in tho foreign exchange market was
quiet. Sterling grain aud commercial btlls were
asJ In currency. and French grain aud CONNER
rial bills were 5ass}< In ecld. Sterling bankers'
t'Ills wcro 49, and 1854 for actual transactions
Posted rates were 4s1is an! $50. Bankers bills