, 1879-06-17
FINANCE AND TRADE.
l'ss in Government Bon5s--Foraign
Exchange Dull.
Currency Going to the Collntry---
Stocks Strong.
Tho Produce Markets Moderately letlse, md
lo,sof-..Pro,lsions Rather Sttad}.
Wheat and Oats Weak--.A Good De.
maud for Corn.


FINANCIAL.
Government bonds opened u higher, at tD953
bid In Chtcaro, and maintained That figure. Thu
AXIS were lower, at 1U5sf blj, Tile g. wc,c lO7k
bid, antl tho is 1031S, Speculative plrcl,ascs Of
tho por cents wcro made by Chicago parties
yesterday In anticipation Of rtse lctwcen this
time atl tho cnd OF July, wion ereat deal Ut
capital from cnllcd bombs uud dividend pay-
mcnts Is expected to Affect tho market, Tie ro-
funding certificates were In demand at l01sk
bid.
Tho recent shipments Of gold to Europe,
though light, tavo attracted tiuusuat attention.
II any considerable movement Ut TINT kind is to
10 expected, the monetary results will le I'M.
portant. The Financial Chronicle, pr,ut,t,g thu
figures Of tic exports and Imports Of Tho four
months Of 1870, shows Tint since tic lat Of .1au-
uatY our total exports have reached $I!4I 7S BE-
against total In 1873 OF $o67, ,B3o, ,11l, and III
1877 Of $a00 40, ,721; a1nl TINT the excess Of ex-
ports over Imports during those months was
this year $4,000, 900, arutnst sta5 .0OO in
1878, and S43,OO0,OO0 In 1877. Further
more, even during tI,e latcst months.
the aboye shows that the result Of tho
Increment IA m,,ct, more favorable t,,un for t1,e
sa1nc months Of 1877, rear when closed, rs
stated aboyc, with net ha!nuee Of ono hundred
and forty millions. 1t Is evident, therefore, that
there Is uothfnt In the present condition of aur
foreign trade which should encourage tic ,1cn
OF auy considerable epments Of ro]1 t1urI,,,r
tho present ycnr. 1u Chicago sterling grain
bills weso 4s5aS for sixty-,lay bills u.l 4s7lS for
sight: and French woro 5l055SzN95lSs< for sixty
day bills, as,1 5l719@5la4 for sight. frho ac-
tual Chicago rates for sterling were 4s71l4Mis11<
aud 4a0ii4Q1tS915. II, Euw York tho actual ratcs
were 1871 ind 48911 The posted rates for sterling
wcrc iss@4D0 French bankcrs' bills were SIS
0l5t7N.
Col,sols opened II lover, Mt f7 t-10, whore they
remained. The London money tuarlsct is quiet.
The London Times, noting tllt ut pa.is, l}rus-
sells, Berlin, Frankfort, and Lcipsc thu interest
OF tnoucy Is TX pcr centum In tic opcn u,affct.
says TINT there Is anplu oyidcnce to show tlmt.
although tie floating supply Of mouuy ia con-
sidcrahIy less than It was, matcriaJly higher
rates for Il arc nt present Imposstb,r Tin Iorlr
OF England yesterday gainc,l saasj,Qo0 In bull
ion.
The Chfcago banks aro still sending currency
to tho country. The Now York shipments to
Chtcago havc ceased, as exchange betwccn banks
has risen above the 6htpptnE pout- Discounts
ato fn request at low rates. Call loans aro G17
per cent, and per cont Oh GoYesnnent-bond
collateral; time loans arc 7Q1S und 9GllQ per
cent Bunk cloarngs wero s38000O0.
Chicago water ia weea sold at 1t415 md In
tercst. West Park Is were sold at lc1 between
dealers.
transactions In stocks were not large, and
different parts Of the market went different
ways Michigan Central, after advancing from
77A to 78*S, broke down to 774. Lake Shore
declined from 7JIS to 75111. Illinois Ccntral lost
7s, to 67H. Union puciac, Erie, md Wabasl,
wcre wcak. Union Pacific, though said to bo
the object Of struggle between Vanderbilt
and Gould, vent down ", to 7B]k. Eric
could no. hold up under tho anticIpetiou
TINT Kocno was about to enter tho Directory.
The strect Interpreted his purpose to be to mar
kct }lts stock, md the quotation Of Eric was
consequently pu. down from FIX to 27A. wa
bush WAS down 9S, to at17S. Thu Granger stocks
md the coal stocks wcro the most vigorous.
Tho latcst report OH which Northwestern Is be-
Ing sold Ia that Vanderbilt ii1oaus to consolidate
the common and preferred stock and pay pre-
fcrrcd dtyidenas on both. The common nd
Vauccd e, to G75S, anl tho nrefcrrcl opened aul
closed at 05. St. Paul gained u, to 5i3l, clos
fnE at 641. The preferred made ", to {r34S,
joTsoy Central. it ID stated, is being taken from
tho street In largo blocks The price opened at
52H and closct ut 5ia, gatn Of
~. Delaware & Hudson was TN
e. to 4916; Lackawanna opened and
closed at b0N Louisville Il Nashville, a.
though It's Louisville friends c1aim II will pay :
H'.d perhaps ~ per cent In August rcu,alns
weak, and lost 192S6, to 53. Whntcyor the t1Lvl-
dend Is, it will DO declared in July, and will bc
payable IN August Hannibal i ST. Joe, which
sLows tho heavy loss III cummings Of s7,347 IN
tho first week Of June, opened a,ld closed at
slA. kansas Pacitlc' which i'lcrcascs ss7,5ls,