, 1880-05-03
FINANCE AND TRADE.
Review OF Finances in Chicago
Last Week.
'Tho Produce Markets Irregular Grain
Eaaor-Wheat Quiot-0orn Active.
FrsriaIons Qnits Weak, Especially on Lard and
Pork-llogs Lower.
FINANCIAL.


Tho movement Of currency at this point at
tho present time Is III sharp contrast to TINT OF
previous ycnrb. Ueunlly ut this srason. lnrHc
shipments OF CurrGncy nrc hGinE Iflute 10 New
York, but very little hns Ro1!c forward this
spring. The West hns hrconlc q currency sink.
Chicago btrks that Ecnorally hnyc hundreds
Of thousands Of slolurs lOnlict the cotnry
banks nrn now doing nonrly nothing of tals
kind. The country hunks hive money nf their
,own to lend or to Invest IN I por cri,ts. Uls-
counts nro growing tul1cr. lthfcs arc qn otcl
at GlS per cent, btt loAlls f,nsc heclI nlatfo Mt
lower rntes. New York cxch.ngo sold NIL tho
week ut GoGt76c per $1,000 premium. Tho local
4le1nnnd for securities has i,cen excellent Thu
Cook County 4sis aro selling wull ut iG.1i. MID
aheru has been free bIylng Of Government
bonds business LII .rnflrOAh stocks tlHs becn
mostly selling out BY holders who hRve bcnn
alarmed ut the Looks ct the n,trket.
The Ercninp faSs says that tho snbscrIpttonsto to
,thc bot,t,r Of tie Atlantic & Pncttlc 1tnlrsmtf
.Company, which nro now offered pro rita to tho
stockholdcrs OF tho St. Louis & Sun Francisco
Rallroad Comrnny, are practically nll taken, u
ayndIcutt, OF twelve of the lenl1!ny bankers hMv-
ing sent In tn tho Cnmpnny II proposition Ia tnko
MI not subscribed tur ky tho stackhOcrs on tho
closing Of the hooks OH Fr!any afternoon.
Tbs especial severity Of tho cprcssfon in
Rcaiiug is referred by tho 1'hila''Hlphiu Rtcorrt
Ito the tuIlucss III the truu trade. ltsays: Tic
lower scne Of quosntis,ns for iron lessen tho up
pnrcut profits o! such corporations M tho ReRsl-
ing Rn!Iroad Company, which produced lnrge
quantities Of pig nd hnr iron fruln Its vhrn'is
dllrnnccs. The immediate effect upon THO ,nHll-
aErr, Ut milling mills anti furnaces has boon to
compel them 10 demand Nlmto In tho price uf
their conf, mud thu current 1eport yesterday was
thai the anthracite corporations bud agreed to
ncducc thJ4,rCcs nf conf alter tito first If next
month u, II figure that would hnr,nnllfze tho two
Interests, Tho immediate effect Of this r,t'raor
,gns tn dnmren the nrd0r Of tho tn,s IN all conl
stocks, hut especially IN lscadng llallroad, be-
r<ausc It produces both coal Anl Iron. both OF
which hare Ind thclr 1uotnttons shuvcsl.
The Wnbnsh anI 1'acittn cummings for the third
week nf April wcro:
lsSl
increase. .."..,s EksD
The earnings from Jan. to April II show IL
Rnin Of s0lGDs0. .,......... -.
: Tho Mnrct traffic shows a gain Of $50 900 on
Aho Michigan Centril.
! Tho gross earnings of tho Burlington, Ce1nr
Mnpds Nnrthcru Halfway fur tho week ending
AApri .t. 1890, wcru $ssBs]n:, agnst 81, n. Il
corresponding date 1S70; incrensc. s5.1sofT
NEW ORLEANS,
NEW ORLEANS, Hlay 1.-Slght exchange on
New York ta.F0 per sl,0o0 premium.
Sterling txchnngc, 4s5:s.
THE UNION Tnusr COMPANY pANK.
Northeast corncr Madison u,d Dcnrbor1,-ats.,
Mpceives snrtngs dcposts nnd Interest
ut ratu Of NJ per cont, subject 10 the rules Ut the
}hank- a, II. Wll,soN. Cashier.
AsAP, POTTER, Frost. i'll. EDDY, Cashier
MAVERICK NATIONAL. HANK,
1lust1n
BURfLus.,-.. 4tOoS
COLLECTIONS specially. Htslncss from Bankt
and NankpM solicited.
satisfactory business pnpcr discounted. Core
',pondcnco lnvitcd.