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FINANCE AND TRADE. The International Bank Before the Chicago ClearingHouse. Slight Tendency to Lower Prices in Stocks, Followed by a Rise. Shorts Forced to Cover-Money Hard on Time, Easy on Call. The Produce Markets Generally Lower, with More Doing in Wheat-Provisions. The Movement of Produce Continues Very Small as a Consequence of the Storm. FINANCIAL. A meeting dif the Culeago Clearing-House Committee, consisting of Mr. George Schneider, President of the National Bank of Illinois and President of the Clearing-House; Mr. L. J. Gage. Cashier of the First National Bank: Mr. John De Koven, Cashier of the Merchants' National Bank: Mr. John J. P. Odell, Cashier of the Union National Bank: Mr. Orson Smith, Cashier of the Corn Exchange Bank. and Mr. James D. Sturges, Cashier of the Northwestern National Bank, was held yesterday morning tg hear the report of the Sub-Committee. consist ing of Messrs. Smith and Odell, appointed Friday to examine into the delay of the International Bank in paying its balances at the Clearing-House on Thursday. On receiving the report. the Clearing-House Committee adjourned till half-past 3 o'clock to give the officers of the bank an opportunity to be present during its consideration explanations as were needed. At statement of the which showed that bank this and make meeting was made such a condition its liabilities and of net the consisted of $575,000 capital, surplus, earnings to date, and deposits to the amount of $2,000,000. Of this amount about $440,000 belongs banks. and City of City Chicago, to country through $303,000 Treasurer certificates to the Seipp. of There are $152,000 due on time deposits. Against these liabilities are assets as follows: In bills of exchange. $481,000; collections, $68,000; balances due, $17,000; cash, $130.000; and bills receivable, $1,800,000. The bank holds the title to $53,000 worth of real estate, and bas $200,000 of past due realestate paper secured by real estate to which it expects to get the title. This exhibit of assets was accompanied by explanations which decided the Committee to regard the bank as solvent, and as not needing the discipline of the Clearing-House Committee, which has power to or of the Clearing-House has to the security of suspend, proffered power expel. President Messrs. itself, Loewenthal Rosenfeld, which Rosenberg, and H. A. Kohn for the payment of the daily Clearing-House balances. which the Committee accepted as satisfactory. The bauk will receive $250,000 in gold to-morrow from New York, which is now on the way. and has a large amount of foreign exchange which is an available cash asset. Among its stockholders are L. Wampold, Michael Brand, Messrs. Rosenfeld and Rosenberg, and H. A. Kohn. and other large capitalists. The Directory alone. Mr. Loewentbal claims. represents about $10,000,000. Under the bank's charter the stockholders have a double liabilitythat 15, in case of suspension of payments, each would be liable for the amount of his stock, and as much more. On the statement made by the officers, the Clearing-House Committee voted to take no further action. There was in stocks R slight tendency at the opening to lower prices, but this quickly disapand under the manipulation of powermoney, that of the peared, fulcliques, the Secretary easy and Treasury the announcement had decided to allow banks that had deposited legal-tenders for the retirement of circulation to take them back the market advanced. Colliers were and the Granger revivifled the storms that over very again. strong, by stocks have swept seemed that their territory. It was reported Vanderbilt and his friends were entirely out of Michigan Central and Western Union. Toward the close of business the cheap stocks had a run upward. The rise in Northwestern and St. Paul was not expected by the there were short the reason these stocks bears. only That sellers advanced. is probably The Northwestern has had, since Dec. 20, 1,000 miles of road it has been unable to operate: the St. has been at least as badly off. There is for the statement on the operated but good Paul Northwestern authority 125 that miles bulls Friday of its immense mileage. To these facts the reply that much of the mileage was built for the land grant, and is more profitable closed than open, and that the immense earning of the spring will more than make good all present losses. The Graphic reports that a relative of Mr. Vanderbilt says that the Michigan Central dividend in May will not, probably. exceed 11/2 per cent, owing to the bad winter weather, but the next quarterly payment in August will undoubtedly be 2 per cent. The extremes of prices are shown by the following table:
