, 1880-08-23
FINANCE AND TRADE.
Review OF Financial Events In
Chicago Last Week.
Tho Produce Markets Active and aensr.
ally stronger-Provisions Un-
stoady.
tiansual Strength IN Oats and Coru-Whtat
Higher In Sympathy.
FINANCIAL.

Chicago hanks mn.lo liberal sh!pmcnts Ut CIR.
rr,lcy Inst week 10 tho country. Tie movement
was heavy B.l0.tgt to thrcntrn thu speedy OK.
flistior Of tttoir reserves Of currency. tspccAl-
Is ns next to Hothtng wns drawn frlfn fcw York
III tho way either of guild ur currency. TIlr Vuo.
tuition Of Now York eschhl!Rn rcInnin~f all tho
weuk Mt sos sl.ss5 per sl,,No discount. with most
Of tho transactions ut St.ho There Was
no hnrsscnng tendency t" no seen N
tho rates fnr money, which remained
Mt 31;i ptr cent on call md iN31o rnr cent III
time. IInnkers hero expect II stra'lfy-itnpror-
Ing demand for money nMd better scnle 0f
rAtcs. Tlunsacttnns III local hill n'hcr scct,rl-
ties were Interrupted ly tho Knights Tcmplar
Festivities. ChIcnHt,. burlington & Quincy Is
sold At WI; st. Paul "a nt liz; Chicago - OF
ls9i Mt t.; nni tho 4!is ut 10t.
l,nnk clcnrings far tho week vert t!!.oIs, 900,
apllnst $.sl5s::,ooo for tho corresponding week
Of last yrnr. o"
Tho Pt,ttc n,1,is i.s testimony that tho specu-
hitting put,!tc-tho people WIN buy beyond tioir
nbllity tn hull safely and atronHly.-hnyo boon
.tOing but 1ittlo III tho tnHrkrt for months. Tho
l)ir9 tscelnc In tho spring GlshcArtcned an.l
drove awny men Of ihut snrt, md. Us We sug.
gustttf when TINT ticclne svhs III prf,Hrcss, tho
ncl who engineered 1t thorc!ly killed the Koose
that would Uthorw!so Eve ln!d t,l.ny xpcct,lntIyp
tHEs III tho su''in,or and fall. pnhlic to l''iy
stocks wilon tho operators want tu ufi!nah, n
public TINT can l,o fnrccl nr frightened out OF
stotks when the operators wnnt tn buy. htts nut
appeared since Mnrcii. The sront operators eat,
pass their aCcks over to ench Oher. Dr ht,ll first
| to them, rs they plcasc. Bit thorc Is no larrc
l,oly 0f stocks that cnn now bo Enthercd In by
nHy ordinary hrrhk, nor " thorc my cta.rXo ut
present. to get rid of tho stocks hansl, oxc0It
aftur II sustained unst prolonged ,,pwnstl iMoyc-
tNcht. Tho cnrsn 0f tho market suc1ns to itdi-
cate tiAt tho Hfcnt operators hnyG COlEle to tho
conclusion tiat tho si,iatlon Is It's We hnvo de-
scr!brh It, and haro determined to net nccort1.
| inH!y. 4 public mist bB cultivated. md. therp-
| fore, sovcro reactions must be prevented. anil
| tho market steadily sustained until people be.
cn,no faml!inrlzcd WIKI tho present md even n
higher range Ut prices. After Il tt,nc, tnrlinps,
| public nny cOuto forward to- tnku the stocks
nwuy FROM the present holscrs, md tion Il will
bc time to iouk out for lnothcr coIlnpsc. 1horo
cnsi BIZ 10 ahcaring until now crnp II! lntnt,5
| hns been rnisrd, md tho weather lust spring Wits
such rs to render tho lambs particularly scarce
this SIMMER.
Although tl,a Missouri Pacific consolidation
bus bcan capitalized for 80 0O0 eco. Only sl.:sT4,
h0 of stock nr1 to DO Issued, aud tho rcn.nIHler
IL to be used III I'nylug for adtlitiouat branches
md building othor rontts. Tic present tsss,lr NJ
stock Will he divided ia follows, Missouri pncl.
lie, So, COL; k,ll,sIs City S Easter1l, *;sN000
Lexington, T. Homtl,cr11 $lU0,00o: st. Louis
kNIsHs City & Ar!zonn. $t.1latG0 md KMnHA:
City & Ienvcuworth. 81 $40. 600; totn 81. I0o
Tho St. Louis l. Lexington, which IL included IT.
tho consolidation, dDrs not receive my ncW
ssacls. Those six rontls tnyo Ii inl!ehEc Of 5s1
miles, with IL bDndrt tlotIt nf ubtMlt $aJ 0O0.O .OC1
cnu!l ton little oycr 81: oo per nllo file stuck
IL represented ut tue rato of S.i,000 pei
milu. 1t IL claimed that this capitalization
ts worry mollcrnto. ~ tho Missouri 1'aelilt
IS carnng S1,N0,oM annually, nnt cnllli ray
dividend upuu $.1,t0O ut stock. Tho New Or
lenns s. Pacific. T0xHs Pacific. and Missouri lt,