, 1879-05-19
Review of the Financial Sit
uatio1 Last Week.
The Produce Markets Less Active-Wheat
=, 1rregularly Lower-0orn Steady
49,. Oats Easier.
Provisions :: Quiet --- Movement
:. Of Produce During the
:: Week.


1eis 49, ~ x,,,r,,a, .,,.nt
"eeA VI 1as' se0.' Ane4e ' ,.~.-s - T-sa. ~
'iAe se'sle"eut oa' " -..s . - .,+.,h,+ad ~
cause sucn san' auo :. nua ~ ~ -, n,,s;nass
me genef%hs 1,np'o'eu . 49, naer1
anu he "'sis s4...- r.
ol 11aoe ano ~ 80" A".A -,,.,soa
change secuftles' We na'e pe4o. :nss.
10 the rapid oe'e'opneu1 u msee
ancnt and speculative opesauons " eu'eao
noneyed men 10 rallroan anu te4eg1apn e1oc1s
Last week the business was larger tnau ever
Thousands oi shares are ooueat a1'o so.u oa'5
On the New YORK STOCK E1cnanee on eu''@so
recount The mere item OF te'eerams must De
a. a.con5i6erable one, and the western onlop anu
Gold j. Stock Telegraph Companies coulu WI.
afford to supply better stock-fecolaeEs anu
fuller quotations than they no" give US" =
stock that is not quoted WILLIS rule'- W
dealt in. There ore many railroad oooas Lla'
would be bought and sold here Il Inc oals nue~
1uations OF the market were given III %ncaso'
The demand for local seeuf1t'es coht'nue'
i've The brokers have large oiuefs 4o4 ~
and county bonds at prices aoo'e one m14 49,
which they are unable to I'LL. we no" uuote
Chicago City is Ill and interest olo, auo .nu ~,
Cooks 11018 und interest bid ffooao1' e1'tl
higher prices could be obtained If any large sup
ply could be had. The Cook County os' al1et
an unsually successful negotiation have all
passed out Of first hands. and are no" nelo al
102. The last Of the $500, 600 ) per cent oonos
issued By Cook County in February were SOFA
Saturday at 1o1. There we're sales that oa7 :o1
S1O4,500. and the price ranged from ~. anu ao-
tercs* to 10lN and interest at the close Inc
SUCCESS OF these bonds has been surp1lse W
must Of our bankers and bono dealers. "nen
the county first offered them the pfeValnns
opinicu in financial circles was tna1 Ines cou'.
rot be marketed at par. For seVefat
weeks the county sold them IN sula1
lots at par, throwing In the interest,"
anil finally closed out the remainder
OF 500, 900 to one dealer at par, giving nsm tne
benefit Of six weeks accrued Interest Inc pur-
chaser has marketed them all IN three montns
at advancing prices. The asking price was yes
terday raised to 102 and interest The secfet OF
this success is in the pressure OF capital here as
elsewhere for investment, the first~class credit
OF Cook County, which has never repudiateA an
ob1igaiou, and. has always rald ITS interest,"
promptly, and lastly, the cheapness OF the
bonds. The Cook County per cents were the
only cheap municipal security IN tnls Markell
This was no doubt their most Important recotn-
meudation. There Was less premium on
them than on any other local oonos.
or -, on the United states '4s' ana
they BECAME popular on that account"
The bonds are dated Feb. ], 1873, run twenty
years: with twenty annual COUPONS OF pe1 cent
each: are payable in lawful money, and are not
exempt from taxation. Inc tota1 issue au-
thorized Is %15o0OO, out only S5Vo,oVo nave oeeu
put on the market BY the county. 1he oenoml"
nations OF the bonds are SAoo' SoIo, anu S1'ooo'
The discount Market grew weaker On account
Of the repayment OF some heavy boa7d OF lfaoe
loans. Rates are o97 per eert on cal loans,
and 196 per cent on time, Win e3ceptlonA cal
loaus at ), and 1e" time loahs at eA01o. 1Ae
currency orders from the country increased 10
wards the. end OF the week. New York ex-
change was in larger supply On account OF the
shipments OF g1aln East
The report Of the Delaware o Hudson Canal
CompanY,u,ade this week, 1or 1910 SHOWS aproht
on the business OF the Company proper OF S440'-
97l.63, and loss on the leased lines OF s49s,-
562+67, leaving net deficit ot S57>59l.34, and
resulting in debit on the general profit and
loss account Of $567, ,1b5.07. The Company's
stock and bond Investments are unchanged, and
$3.50, 600 Of the new mortgage loan are still on
hund and avai1ablc. These results are stated BY
the President to have been less favorable than
was anticipated. Tie fall in the price Ut coal
was the cause Of this disappointment.
Erie stockholders in New York are clamoring
for the publication Of the monthly earnings Of
the Company.
Railroad bonds, in New York on Friday, were
generally strong at advancing prices. Cleyc-
land, Columbus & Indiana Central 1rsts offered
Tile only marked exception, declining rapidly
fr,m 181< to II. and subsequently recovering
to 731z on the announcement that, at the meet
fnr al the hondho}ders it. VIVA decided m make
~ 1
arrangements 1or sealluS luz ueot: so as 10 COLL
ply With the terms Of Judge Harlan's recent de-
cis5on. A feature of the market was an advance
r,1.... -. - 80. .-:, --.Ss
u - Pes eeu1 ttcta t"e last ples1ous's-reporteo
sale In Chicago, st. Paul & Minneapolis land
pr,ut income honds wh;rh eold nm IN III
~, ,..a o. q. ~
aoo cosea at oo' 81 LOUIS q Iron
Mountain seconds advanced *, to 81: Cairo
&. En1tnn tirsts IL m 90. Ams-;oo,,
,.1 ~ .e"A
LOCK improvement company Is ., to 1o, HAM
nibal g. st. Joseph convertible i, to 1O1A: and
Marietta & Cjntinnat, frsts II n o. r;,ot,,-
natl & snrinr6s,d fjrsts m, ranteed h. -
= sa.at.;ouI ~ - ~ ~
49, str,,oo md ~ denan6 sa,,,a's - teos,s ,ao,e
Tor adjustments, SIX for consolidated assented