, 1880-01-05
FINANCE AND TRADE.
Review OF the Course Of Fl.
nances Last Week in
Chicago.
Tle Produts Markets Tame aud fssier-Early
Neatntsy, but Steader Closlng.
FINANCIAL.

Currency began 10 flow back to Chicago Inst
week frem tho country. md simultaneously tho
]ntorior banks scnt in heavy ott1ors for remit
tnnccs to New York. Tba eject was Mt oncc
Visible in tho prtco Of Now York exchange. which
advanced frOn, 81 per Il 600 discount to 25150c
per 81 900 premium, and in tho appearance nj
little unstGn1Ness In tho rites Of tlscount,wh'ch
have been held I'LL now stIE Mt SGDH per cent.
Bankers rcgnr1 this accumulation Of funds MS
only temporary and rs caused IN pnrt by tho pny"
ment Of Western indebtedness due about tho
first Of tho ycnr, md In part by tho Stock Yards
strike, which, tns interrupted tho movement Of
hogs. When tho latter b cgins aga'n there Will
be n brisk country demand for currency. The
wheat movement will not cR1l for US much cur
Fency Us latey. Tho immense accumulation Of
stun here and In tho East has forced the North
western Roa1 to fssno Instructions 10 Its station
ngcnts to take no moro wtcRt for shipment tn
this city. Tho officers of tho road calculate TINT
thcy hnve 40 fnr received about oro-ha1f tho
crop TINT Is TO come forward. The ciCnrtngs Ut
tho Chicago hanks were phcnp1ncnnlly large. OF
ncconht OF tho heavy payments by New fork
partics for wheat bought for January delivery.
Tho First National 15ank nlonc received from
New York and tltsb,lrscd &1,5o0,0m III gold
COLI, and about as much more wns paid In green"
bucks by other banks. On Saturday thorc WIS IL
report on Change that $:,uD, 900 morc hal bccn
sent out from Now York. Tho escartnKs OF tho
week footed up ts0,110,0a, ngainst e., 45' In
tho corresponding week lust ycar. As coin IL
evidently coming extensively into circulation,
the officers Of tho Clenrinr- House hnvO InAttrch
n plan to avoid expense md trouble In handling
It. Banks having gold will deposit 1t In s,feiy
deposit vault underneath tho clearinghouse
Certificates will be given for It, whiet, Gun bc
used either to pay Clearjug-lfu',so BALANCES or
to draw the gold out ngnEn. The yavlt will bn
under the Joint chnrgc of tho President Of tho
Clearing House and tho Chnirnau of its>
Executive Committee. The iocnl demand
for Government bonds WIS 20 gONl during
tho pnst week rs 10 cxhn,ist tho supply Of tho
Chicago denlcrs, who had to scild to New York
for n,0rp. The Chicago Mining IsoartI did II fnlr
business for a holiday week. It Ia now tho nu-
thor1thtfrG enMrCe of quotations for lncMl sec,tr-
tIcs. Tho Interest Of Its dealings III mining
stocks Is lcsscl!ed from tho fact thnt none Ut tho
Chlungn mining companies hnvc fs yet bcci,
listed on tho 1onrtl.
1<cclcy motor stock has lately been sold III
New York nt so share.
Topeku s. Snnta Fe earnings for tho third
week Of December were $16J,H)0 m increase Of
$77,30s.
The Knnsas City. 81. Joseph 4 Council Bluffs
Railroad reports earnings from Inli. to Dec. IL
of sl,oso,67o, an Increase of ss44,s ,so3, or l7pcr
cent.
Tho Now York Natio1. Of inn. l contains tho
Following financial summary Of n week:
drtioa e 'tss r a frss! *. <
"n liz lssin aai Ss lnrts 4s's nse Sren II abic
1ess s4 !S il sss :s xs "" sl: II Il s
s;s s;:t SasS S1 Ssss ys; 5$3
y iSe pSiae!Ss e.psttsSs saa,n"d!t.e. Sase bss
@ q sf # M a re !. 'y arKa hs a'y MI
sasy Mill lit ths amount %ak iae!i!s!es ,eodsd
spSSFs .ey IN ~ %.s" tes nd Id
s ss& a !s 70 /. fs }
fSn1 t t !a n,ly ~ n snt sont 4 +
IL IN ya' S va
xs 1 sa ss ,S @ i
sSlnF TeIe Tim aetlxS q a.agt nnr es,t At .i,a
!, ,s
II: ths s%Hnt Il 'Mecms
sse P.ss. y II knd: 4 1s
g Sn4 tssyS s rS rHx hssn s sso rs @
Ts I oP Ss p!e,o n f ssa 'ss s.
sss.s !. $. If:
xi y spsas ma ths ths ,qoisy come back t. tic
ss sasH Is sss!
a",a. at lis ess u s sle xces VOL v VIA ~ Il II sS
%s ''!sS T.; ':se s1
\; IN; Z; ;9;;s,'s ss; 's
:. Vii M s I'VE 3 ts g 5 foreign
[Thctn has been 20 millions ntllcd to the M.
Honal-bnnk roto circulation during l87N. II
TINT not an imitation? II silver certificates vii
1nHte tho currency, why Will not tho 81 ,nillIons
; Of imported gold? France hns lost 20 millions al
her gold In 1870, but Tint hns not produced I
''snglo silver sta,lslar.l"; why should tho lnss ol
ao,no gold In this country do IT. Tho Nuttau In
tnonu.uaniae IN lis hostility to Bllvcr money!
ED.1
GOVERNMENT NOEns.
MD. Atk+st
y. G. - ~ !N
p nNH ,lHHk Ilit
" b. 4+per-ceut ct'tlpuHs. 1Ett
FDHEl1N EXCHANGE.
r-,- StrfpIaps. Stqa.