, 1881-05-23
BUSINESS.
Review Of Finances In Chicago
Last Week.
The Produce Markets Irrogular-Pzovisions
LQniet and Steady, but firmer.
Wheat lttise and Slrongtr-corn Suddenly 1Rrned
Downwarl-0als "Cetler."
FINANCIAL.

idIe MONEY accumulated stondlty In tho CHI
ca1t, innks last week. nud tho demand for paper
uu.ran tho supply. 1sates for lonns rqIna'ncd
1,ontnully ut hi27 pcr cent. bit independent
borrowers could Improve IN these terms. new
York exchange sold n tho week at 0bont hoo !
per $1,uN premium. The currency movement |
,yas ,lol Noticeable In or oht. Bank ccarinxs |
wcro e3I ~, ,SIIsi uHai,st sn,e5j ool.A In tho
corresponding week of Inst year., transactions
lu Investments md speculative stocks "cfo
much above tho recent avernRc. Crup pros
rrc.s md general business are 20 Knul shat
thorc is confident buy,g Of at tho rood stocks.
TITO Interest in tho Chlcngo stock board Is
stcn1y increasing, and ths value of tho salcs
ut local md miscellaneous securities Tor tho
week ending Atny II amounted to &is0,GSsls lof
the previous week 1t wns s:'slIaT.
Foreign exchange was still lower and very
weak. Posted rates for sterling were
Primo bul,kers' bills were 4S'A and 4s5a. For
sfxty-day con,,ucrcint bills. fur prompt dclls-
cry, ,4s1i4StiR2l. Continental exchange was ,tlst'
weak. 4Ixty-.1ay commercial bsa4 prompt dullS-
cry un l1uvrc. I20s Ged25ss. llordcnux. G1!<0
E25t9. Slxty-day commercial bills OH Anl'
wcrp, deliverable prompt, "ero asisfht6@o.&.
bankers bills on Germany were A:s for sixty
tnys md OH for drinaud; nfncty-tay comtner.
ctnl hills, n,.sag3al. slxty-.lay commercial, IN
bankers, delivered prOnipt, E}aGI01: ann,n,
.lciiycrcd in three weeks 0iQb3ll. Co.ntncrcnt
drawn ot commcrGlal part'cs werc 0aa. Isanktrs
guflers OH Holland woro G1ti for sixty tnys and
wE for demand. sIxiy-slay commercial was T9R
GssoH, Shippers exchangc on Eew York was
i1r.
There was lrumor Wednesday, that tho Sfan-
hnttan Directors had tnadc arrangements to &C.
cure thu 1nDney to pay tho taxes nnl also tho
July dividend aud Interest chnrgcs. This sent
the stock lip nnd, s. J. rll,teu was sail to bc q
hcnvy buyer. but tho report "ns denied. ana as
II matter OF fact tho subject waa tncnt,ot,etl at
ct..uf Su.Ld tHn.
| scented WINS n proposition from tho 9. W. Ftola
party thut tho entire board Ut the Manhattan
Directors resign, ard that majority sf the d.
reGtors or the Metropolitan COllpnny nlso re-
sign. These seats tho Field party wished to I'LL.
II was promised In return to lift tho whole sys-
tcln out OF thp slough In which It Is ut present.
| Thc offer WIS declined md tho meeting broke
up Ia Il row.
Tho csuployts of tho elevated road held
meeting ut Hamilton Park md appointed Il COM
tnIttee to Msk two regular pay-lnys cnol1 month
| The Directors tlankcd the men by announcing
thnt thereafter rn,pioyGs wo'.ld ho patd on tho
4th and 9Th Of each mouth. Sir. Hahn. General
Manager OF tho Company. snlti the delay III tho
payment Ut wnYos was causcd By tue failure to
receye tho ny.rolis. As sDon rs they wero rc.
ccisctl tho mcn were paid. An employt snid
TINT tho pay-roiEa wcro mado out IN good tine,
but often lay on tho Presidents q table for dAys.
awaiting Ills slgunturc or tint Of solne othor
Official.
Chicago, Burlington & Quincy IL sold Mt o9.i0
D0at, and wcrG wcAk in tonn OIL ACCOUNT Of tho
announcement TINT n further fssta of $f.OOhWn
OF tho IL would be made by tho ronlsl. On tho
CE!cngo Stock Donrl tl,ero weru Eafcs uf United
Stntcs 45;s, 5000 at 1tltts; Chicago. milwaukee,
g. st. Paul Gs, Chcago & Pacific, $4,000 at
Ill; Chicago, burlington s. Quincy Is. s5.GAU nj
0Jt< and GG::; $1,000 Mt t*.A; go 0Q00. seller 10
ut Qs,i; 5000 ut ao.s6loas; $5.0O0 nt 9Gi; CHI.
| srltt nfptt e lfftN n nj
burlington & Missouri ". $4,000 ut G.h@rl
Wabash. vt. Lolis T. PMcino 6s, $4,000 ut aSss
North Chicago City RnllrpaI 10, $j,003 Mt 10Gis.
, Or tha new Northwest i per cont bonds 10 bt
lssllctl lhta summer, $j,0 hnvo alrcMly Gect
sold III ChIcago, md &3,0oo,0o0 moro could oasil,
hHvo been disposed os.
uuycrntncnt bo1ltls wora higher. In Chtcago
District Of Co!nmtia 3G5s were 107A bid a1lt
Iosl4 asked; 31is were lr,:i bid md l0i nskcG
the is werc l1Iii and 111si; 4is, llBt5 mud 1l6ss
tho Is, l04ss and lulA.
The gross earnings Of tho following railroad
arc reported:
CHICAGO. MtIwArKEE 81; ,rAuI-
ssssps ss;,: u :ss; &c; Il s: Z iss 's: 'l
;;::as :s:: J a:;. LII:
js sssePs q s;s; s; H. ., .ts @ s|$:s ,ss IT, @
Earntngs: 1t. Paul s. Omnha. sccoud week q
Nay, sS.a.xrl: increase, $lssto. Chicago + North
western. second weok Ut s1ny, $3i",so3; ncrcnse
$u,500. Eurthern pucIac, second week In Sa,
$6t,0ai: incrcnse, $laasd.
Tho estlmHtcd car1,iugs OF thu Hannibal s S
q Joseph Railroad Company for tho arst week
Aluy, 1881, wern ~, ,S43, md for tho correspond
ing week OF MAy, 1880, FL, 5o0; dccreasc. el68d
Tie approximate GarnIHKs Of tho Denyer l. IL
u urnndc lsRiwuy for tho second week III Ms
~ were: 1881, $ll5 ,a5s lssg, II Ills; increase, S7a
II BpD.
THO following wore tho gross cnrntnaa ut Il
!, burlington, Ccjur Itnpds l. Northern itattwt
i. for tho wcok cans stny7: 1851, ta5,o7o.lo; In
y S1i.Jh0.a9; lncrcnso. $l.1!a.W.
The cnrn.ngs OF tho inllann. Bloomington
Western Railway for tho month at April wGr
n 1881, SlG l,6a; 1880. $D,1i5; Increase, $lB, 17
," For tho first week III Any tho earnings We
- ST. or $lD4l over tho satne woets IN 1ss0.
= 5tessrs. Kuhn, Loeb s: Gu. hnyc p!Acel on 1
> market $6011.0N loans Uf tho ChfcHXo. n
waukce & Ut. Paul halfway Company In /
shape ut Il per cent forty.year gold bonds, d
1G1t md secured hyn rst mortgage upon /
Chtcago& l'acio Western Division Ut tho q,
TEN Ut tho Company. Tho lnturcst Is payat
seni.annuRlly IN gold coin on tho hrst days
January unt July. These honda uro ssued l
tho purpose Ut making important additions
Tho various lEnus OF tho Company, mt
- ESPECIALLY tho southwestern portion of the .
tom, and Avo oulttted only ut tho s,Itn OF 80,
per milo Ut cntnpletel md caulppctl sond,
an for briugos and ruling sioux. Tho decd Of sr1
BY IL very explicit. at,l provides tat nono OF th
~ bonds chi to issued except for tho befo
= mantinncd purposes WHOM actually acco
plIshed. Tho Company bus always pafsl I
~ cent OH Its prcferrcl stuck, Rnd for 1881 pal
per cent an Its common stork. Tho net carnt
n lust year wero $h,JE1,ak, AMI Aftur pnyi1lg
NJ tixuh churxes atsl per ectlt On both clusses