, 1880-07-12
FINANCE AND TRADE.
Review Of the Financial Situation
In Chicago Last Week.
1hs Preduu Markets Attin and Onnl0@-P1i
Plrmsr, Lard Lower.
BssadstuHa Depressed by Fins wsashsF-
= Wheat QuIlo Weak.


nlsncss in Chicago In financial circles Inst
week was only moderately active. Trahsaoaonh
Oh tho Donrd Of Trade and tho dofarred opcfa'
tons Of tho holidays kept up tho cscarlnga to a
good figure. Thug wcra <ss, ,0oQ 900 axNInst gu
O0O,OU for tho corresponding wcek OF last yoat.
1oata wero decidedly inactive. Tho bahu
hold lRrgo surplus ot loannbtc mems. Ratcs
aro quoted At 4@lG pnr cent on call and 0lbs per
cent on time, md still lower rites have boon
1nnde Thcro wns only light flow Of currency
to tho country. New York exchange sold be-
tween hunks ut par 10 25o per 31,0U discount,
and closed tlrm at par. Operations In Now
York atneks weru ,hindcred by tho unfavor-
abIo crop news from tho Northwest, which
checked tho tendency to1uy, led to FREQ roalixng
Bncs. md Induced sotn estlort sues. Pending tho
dUflptt result of tho crops. operators afo ula.
pt,sc4l to hold nloof. There was strong. demand
for local securities, hut tho supply was light.
Chicago Ts OF 1870 sold as high a. III. Tho local
supply Of foreign cxohnngo hns bcen Increased
ty tho hcayy outwnrd movement Of grain and
provisions.
The Natio, Of July thus opltomtzes the eom-
mercial movements OF tho past week: .-
vcEs atHa aa 81 On e s y So week
leaving Now York took out nbont one tnilllon
ntid Il quartcr bushels Ut grain: tue larktst
<lenl uf grnlu WIS hell bnck by tue bull specu-
lAton which cerriol pricee % high Ast winter, .,
III a faoill,as tai y lie r,iIToat!s and
nrc now taxed to yet TIM grain to tho Atlantic
ports. Ths defortnl movement nf grril r. M
faiiroada, ind tho weakness u tho toreign.cxI-
chnnga MARKET ut u timc. when. L nt ~ thls
1Insp: bills wuro nsuiu rol',ccl th1a xsek. anta
rates nrc now 1cnrcr to the Koltl.tlnportinx than
T. tho ni ihe liz Ittie e.
Thc July interest and ,iltilend disbursements
are lnrxcr thnn usual. with tho exception nf q
.nly than brfurc 80 lpT1rc plrt OF tho dubt wtl8
refunded Tho other, atsbnrsenlonts ot Tho
,sesoa a, r S,ss 'y IL 50 as helS
Is eIcry prospect nf il continued casy money
n,arkcL especially s,nce tho barKs show iEspo-
BItton to expand their accommodations anu pres
'ts suFRas Fs 6sseftS l sss sSoxS
Scstn'ent M m y" sceSrities wcrc strosE Iut spcen.a
ton wus neither active nor decided II tono until
Tho ciose, when 1t becanc ssrong., Tho Erleo OF
silver bullion In London advanced to 5ssu per
Regarding tho Wall street markets, the Amer
{can Exchange says: ....
they wcroa few weeks aKo, but points prtnc!.
hlaekberrics at this sensou of tho your. unfort-
nt.nteIy for the ptfnts, or for those who pro-
Prices arc no higher th4n thoy wero q week
tsesc i ony fpp hTox"rs XII: muret NJ Stock TX
chnnge. aud lnoro thnn ottilnary force y neecs.
su'f sss 9y u
~ T. aay ,a,' h;s - ssaIssiy ant '!5,epgsI i, ;s1
average daily transactions for !. long time past
and slco Friday last It rcinnins ateaoy At thit
sss II II tso + Stt WoS 70 e s
number Ut brokers hnt operators have recent!
sought coer shudes than aro @ 70 no fohd ts ~ 10 H. H.
pust VIZ months have madc tho mnrkct what !
7xns nre stlll hcro, Or within very eonycnie,, !,
distance Of tho Htrrpf, nnti. III WAS dennilsfrntct
s,ttnt,,1r. It IA tjitflut UlMttRr tn lf