, 1880-05-24
FINANCE AND TRADE.
The Chicago Banks Beginning
to Ship Currency Freely
to the Country.
The Produce Markets Observation-Disclosures
Active and Weak, but Closed
Tirmer.
Corn aud Oats Iever-Whtut Stronger for Aal De.
Interchange Receipts Of 0rafu.
FINANCIAL.

An unusual feature OF Chicago finances last
eek WINS tho shipment Of currency to tho coun-
". This Ia tho tt1nn If yoar when MIR bntlks
arc ordinarily Fwcl1ng tho currency ballttfcs 1
Now York. All tho winter md spring inc or
rectcl return movement Of funds ~ new YORK
l,as bccn awaited In vain. Tho cn0rmots sfrtttes
of tic West In material progress nro cnr!chtng
It bcyun, MI expectation. It iserowing IN wchlth
faster to-day than my othcr rMrt Of tho world.
Country hanks that used 10 be regular
borrowers IN Chicago nrc now Keeping
largo bunnccs nj home. MID nro constant
buyers OF Government bonds in this tnnr-
kot. Tho Chic4Ko hanks aro getting to be Iof.'-
cr3 instead OF borrowers In New York, md hnvn
had millions lonucd on call III Will street. Tho
City OF Ch!cneo now plnces Its loRns In It's own
money market, instead Of tnking ti,cm tn New
York, antl pnys hnt ~ por cent. fnHtenti Of per
cont O.lr brokers tnke great blocks of. rnElf1,nh
and other bonds ont 0f tho Now York MARKET
and sell thcn hero with casc. II tho financial
Importance Of tho city iMcrenrcs the next fivo
ycRrs rs It Inns lit tho rnst tive ycnrA, ChcuEo
will be recognized as n monetary centre ct icss
consequence only thnn Now York and 1soston.
Now York exchange declined. III snIs between
banks, from 1bo per 900 premium to alu pcr
$1,000 discount. I.oans were snHctive Mt sst6 per
cent on call md Cos per cent OF, tin,o.
Tho City of ChlcnEu during tho week sold mt
IG.f3 $4n0,0o0 Of new isauu Of ~ per cont
,onds put out II, plnco of some per cents fall
ing due. Tho new Ans run twenty ycars From
July l.
Ra!lroad bonds IN New York on Thursday wcro
generally strong and higher on n lnodcrnta vol
,Imp Of business. Erlo consolidated seconds de-
ciineh from 8Dx to ~, r,so to 50 II, and rcnetcd
to so7t, do funding advanced frotn S.h to E'ai.
Kansas Texas tlrsts roso from 1o2 to lEsA, and
reccded 70 1Olsl; to seconds Rtlvnnccd from 55l
TO h8k, and rcnctcd tn 55h. G., G. !. y. Ill.
comes sold tip from 3lh to ;s:1i; dO supplemental
ry rrsts from 30 to s0K: Wnbash consolidated
convcrtibcs from ~ to Nj: tn seconds from ~ To
sa!s Ohio 4; Mississippi seconds from 10TH to
10sJ; Cairo l. Fultun lrsts from 10aH
to l05;. Iron Mountain second preferred
incomes from 70 to TUX; burlington,
Cedar Napids tt Northern from Of tn oiI;
Knnsaa raclAc frsts consolidated from 10 10
COZ; Kansas City &: northern ut. Charles
13ridKc) f1rsts from 105si to 1O8A; f.chfgh T.
WIlkcsbnrro assunted from 0GA to D1k; North
wcst gold coupon "a from 1l7H To llB!f: New
York Elevated farsts from l11h to liz; Now
Jersey Central f,rsts convortbes asscNted from
lOaH to 1}x; do firsts OF 1850 from ll5H to 1lG;
Oregon Navigation flrsts from OF to Glsf. keo-
kuk & Des M0nts flrsta small b0nsla lccncl
from 90 to D3; ST. panl & Minneapolis filcono
l1nd- grants from ooE to 08; Wabash sirats tSt.
louis Dvsion) from lO0H to 1Gi; indianapolis,
Central incomes from 45ss to Ii: Michigan
Central s. from 107H to 107; and boston, Hart
ford t. Eric flrsts from 90 to 3ssf.
Tho gross earnings Of tho following railroads
aro reported:
r11x7 l. rEnE MARQUETTE.
r1rs. wee. In Ma,..........~........ asA ~ =
Jan. to May y7...-....s............+, d73bt1 hlR3
LOUISVILLE 4 NA8HViLLE+
sssope ssa q Tssi sJ Il .May S ss2a Gai& S'
CHICAGO, Ut. PAUL MILWAUKEE.
Hse: 1870,
Gccond wHet n May...".."......S fE39n 9!,o &ss9
Tho following sh0Wa tho gross cnrnfnBs Of th
Louisville s. Nashville Na'road Company for tn
second week IN May. 1890 $t3t 200, against in 1Ss
Ss4,0i6: Increase. S50.iA. Gross earnings froN
Jun. l to and including second week III hfay. Il
1870, s, ,6s1,u0o ngalust tn 1871, 31,e'067s; In
crcnso, *sl2r5ls.
Chicago s. Northwestern carnin9s for tho seo
ouu week Of Mny show KRn of $11, 600.
ond week Of Mny was E63,ae50, an increase o
3l7,595.
Tho earnings OF the Wabnsh, at. Louis 4 Pa
oHc Itasvoad for tho second week In May sho'
an tucrcase Of $N,l ,ls8 oyor corresponding weo
OF last year.
Tho boston Transcript publishes the followtn
statoncnt at tho earnings Of tho st. Louis d Sll
Francisco Nailroad: ~
january. .srss11 sHa1 iIis..
EeoEnaff'..-.....s'..'...;I ;I1Mn xe!n1 ,; hstH
Gfa;i .:::: Esa1 ssI Jul
TIE UNION rnusT COMPANY nAsK,
Northeast corner Madison and Doarborn-sts..
Receives savings deposits Hnd nllowa interoat sam
- .tn ,nta f tk mar mt IN the rutes of n,