, 1879-08-12
Weakness Of Government Bonds.ss
Foreign Exchange.
The Currency Nrove1nent"--Con"
tinued Rise In Stocks.
The Produce Markets Irregular---Pro-
visions Rather Q1iet and
Beady---Hogs Firm.
Drcadstuls Tend Nnownward.-.A Very
Large Movement in Corn.-.Wheat
Going Out Freely.



Il IN tho h,if price Of the per cents. Business,
whlc. wns confined to t's Issue, was ontt fall.
The price was 1ol.A bid md 100 asked. In tho
afternoon the MARKET brokcfn Nnw York to l0l]H{
bid, but this change came too late to affect trans
actions In the Chicago market. Tho O. Ut 1851
vcre 10i3z lid aud 104N asked; the 5s 103118
md 1o2}S; and tlsc 49, 1055z md 1o6H. It is
noticeable tint English conso1s anu American 4
per cents nrc declining simultaneously, az
though common antlcfpntion Of Change In
the money market were affecting bnth.
There was only moderate supply Of foreign
cxchauQe bills. Posted rates for sterling wero
4s3 aud 4s5. Actual transactions in Chicago
were ut 4811< and 4s3l1<<, anil In Now York Mt
4s1s< and 48t. Sterling grain bills we're '47011S
ann 4811s. French exchange wns weak. Graiu
bills eo1d ut 523i5 aul b228H.
Conso!s oponed lower, at 81 7-10, ind remained
there.
shiomcnts Of currency to tho country arc re-
ported by tho banks to ba not so llenry as tl1cy
have been, but they arc still largely In oxccss Of
the receipts There Ia n heavy movement Of re-
mittanccs 70 New York. Discounts remain
quiet. Rates are 4D8 per cent on caI1, and 7@S
per cent On time. Deposits are high. Bank
clearIngs vera $780, 900 With regard 10 tho
future of tho money market tho New York
Evening Fost Of Saturday says:
In connection with the changes In tho bank arcr.
ages this week II trnntr!rcs that the pas nens Of
legal.tendcr notes into the Treasury on account Of
10 @ over saS ooo. ooo. Whc consdesab!e amoants
have been paid out by the Treasury on account OF
called bon.in tic disbursements have fa1lon short
Of tho receipts. It IL expected that the payments
will te vary heavy next week. and. ~ the settle
ments for he pot cents arc now ncar'y completed
to the future OF thr monetary situation.
Cook County 10 Of 1893 sold at 113]S.
Lake Shore vas the spectacle OF tho day Ia
stocks. It opened at 8755s, aud advanced With
frequent transactions to o21ss, whera 1t closed.
Vanderbilt gets te credit Of the rise Of Lake
Shore, ns for TINT Of Michigan Central. when 1t
was put to 20 last January, bo!ore the break to
II. Tho rond. It ts Eun,ored Is to be leased 10 tho
New York Central at rontal Of & Der cent.
Anyhow, per cent return from Lake Shore ia
10 be made certain, juat rs was to be done In
tllo caso OF Michigan Central. The distributors
OF these rumors overlook the facts that!ts chaF-
ter leaves the New York Central without the
authority to Lease roads lying outstda Now York
State, antltliat the laws Of Ohio forbid such a
lease Of the Lake Bhorc. The Grau0cra wcre
we'll sustained in price. and were active, though
not 20 much 50 Is last wcck. st. Louis d s1n
Francisco showed frmncss In price, without
large Transactions. Tho rest Of the
JJh3 WH8 uHuAlAatt Aul+ AS1ftlI-
west common gained 155s$, to 78Jz; the preferred
lost Il. to 0s1. st. Paul common advanced III,
to 6s5s, but the preferred went down 96, to
spx. Union Pacific advanced ", to 70; Wabasf
u, 10 29;. Delaware t. Hudson s6, to 48ssz6
Laclsawanna u, to 59ss5; Morris & Essex e, to
aa59; Kansna Il Tcxas Il, to 1G14: Kansas City
Il. to al5{; tho preferred. II, to 57h; Western
Union x, to 9415; San Frauciseo u, to IN;
uf,t1 N0rttcrn pnE!fc II, To 1Ut(
The lossos were: Jersey Central II, to 507S ;
1t. Paul preferred J6, to aJ1S; Northwestern
. preferred 6, to 08}4; md Michigan Central u,
10 s53f.
Eric second ca, 0nlt, opened at 35TG, mud a1,
vanced to &c, utter selling ut 11s<.
III railroad bonds iu New York on Saturday,
Rome, Wascrtown d. Ogdcnsbnrg consolidated
irsts declined from Us to G5. a,ul closed Mt GBt{
Columbus, Chicago & 1ndtana Central f1rsts fell
of from 70 to 70}4; do Trust Company ccstll
catss, from n to IN Leh!gh & W!lkcsba1rc
consolidated nsscnted declined from S:,3S tn 8o1{f
and rallied to B9. st. Louis g. San Francisco
) class D advanced 2,1 per cent, to 531{; do class
C,3S per cent, to 5154.
Northweatcru earnings for the first week ol
August Increased $9s,000.
The earnings OF the Chicago, Burlington &
Quincy Railroad for the fourth wssk OF Juty,
1879, were 1856. 1o7.01; for tho correspondent
week Of 1878 they wcro 5000. 748.43; increase ID
1s79, s75, 5,416G3. The earnings for tho month ol
July, 1870, were q, 03s, aao349; for tho month o
July, 1873, 1881, ,4Go04; increase for 1917, s15e,
742.45 Tho Company has declared d.yldeut
of4 per cent, payable 8ept. 10. After paying
ibis dividend and all dxcd charges, tho surplus
let earnings for Tho six mouths wlll, we arc
hold, amount to e577,000.
The rise In stocks that has gone on since the
beginning Of th!a year Is shown by the american
Exchange to hayo produced m tncrcasc OF ya1u-
alton Of s7l,00o,0 900 In tho stocks Of cfehteor
railroads. We give the tabc below showing t,,e
par capital Of tl'csc companies, md tho Ynlua.
tons OF the stocks at tse c!usc OF. last year ant
on AuE. aud !. Il Is Us follows:
rrlcc prlca
Canitaa Uec.II, Aux7, Appyect
ttpUk. 1h7R. IH7ji afinr