, 1879-08-05
III Frodutt Rafkels Ertgular...Prs'isions Qa|et
aud Plrm..-ranr, R}e, anl
carie} bail.
4 Decided Reaction in Wheat, with More
streugth in Corn, Owing to the
English Floods.


nso ns collateral With tllo Treasury III taking
out pcs cents III ast7anco OF tiDaI settlement,
mid there rcinain abnut $5o,o02,0O0 of bonds
stiil used tn THIS way, which iave to DO returned
to the various parties from whom they wcru
borrowed.
Foreign exchange was heavy, though hardly
to the anne extent "a on Saturday. Posted
sates for sterling we're 4s3 and 49, In Chicago
actual transactions were a. 49, and 4sf. Sew
York actual rates wcrc 4924 n'Nl 4sf Sterling
grain bills were $50 mud 49, French grain bills
werc 52SA. French bankers' bills were 5.921}4
md go. Commercial bills on Antwerp were, rs
usual. weaker than thuse TIL Paris, and were
quoted Mt o30A.
Chicago bankers report heavier demand for
lurrehcy. This ts now going In iasge amounts
to the country for hnna'fug the crops but the
price Of New York exchaHge still remains above
the point for shipments for currency In this d.
rcct[on from Now fork. Nothing has occurred
to disturb tlsc slucels', case of the loan market
Discounts arc growing father less than larger,
Whit dtposlts arc getting higher. Rates re-
Mnlt, nt 4GtaI DER rent on call, 4nd 11S per ccnt
OH time. Baok ccarfnEs we're s4,90.oo0.
a small lot OF Chanbcr oE Commerce stock
sold ut Gu; Cook County bs sold a. lo2!l4, 2ta
Lincoln Park u At 1O1. Brokers report Ill East
cru demand Tor Chicago City HEd Cook County
bonds. These honds are selling nt considerably
lower prices than similar nunIcipnt securities
issued by Eastern cities, while at The satnu time
uItY oitcr o much tnExer marttll O1 security.
Wc have received frnnl Rand, McNa1ly It
Co. d copy ol tha BdAkers Directory 9f the
oHfte1 Sfdfe' dHd tdHaaa. Ihls useful annua!
llas already become wcll-kHown for its fulness
mud accuraey. Tile present Issue contains, be-
Sides list Of banks antl bankrrs, the na1ncs of
reliable commercial la~rers recommended BY
the banks. a nc" feature is liht OF foreign
banks atnl oanIers, added bf ren,1cst.
III the stock market there was lively shift
inE Ut scenes, anl tho Granger stocks. which
lave been tho stars af tho lively act just
closed, hrgnn to inlay wl'at !ouked like
traceds to o'ans who had bought at the Highest
prices Of last week. 1t. Paul opened q higher,
Mt G3l4(, but rat. down stcalt1y To- e81. recover
Ing At tlm last u, 10 6o1l. Tic preferred went
oil "s, to @'1' but closed at VIZ. Northwest
common opened ut SATURDAYS closing price,
T'A, atAl R'ndo no farther eain. 'rlIr lowest
point was 7i31, una tho closcTiH4. 'fhc prefcrrcd
lust u, to o3li. The rest of the market synpa-
thi:ed with tile movements Of thu lenders, md
the losses wcro far moro frequent t!iau tc
gains. Tic market IL in 60 uncertain condition
tint evcn the most experienced brokers will
hazard no opinion about ahc pFobablo course Of
prtrce. Some Of these gentlemen noint out az
n" Indication OF possible further fall that
thero Ia very httlo Selling Short without tho
support ot short Sales The .'!arket, according to
previous experience would bc like'r to 70 low
ef' Even operators VINO believe In e0 Tor
81. Inul III tllc near tut"ro, think 1t
VIII go lower on th1s Feactson' lsut
tAc pFossous breaks iu Ihe upward movement
have not been severe Tl'o!7 ranEe has not beon
more than thrce or Tour points. 4 great many
stop ORDERS haVe gone forward to New York,
contributing not little to tho "cakncss ot tho
situation MICHIGAN Central declined to 8111;;
Lake Shora opened Hnd closed at S'11S; Union
Pacific lost u, to VN;'EsIe '4, tn 27'h; Tho prc-
fcrsett B, to aS4; Wabash u, to 3sess; Ohio IL
Mississippi u, to l5N; st. Joe Il, to 20; l.acka-
wannu ", 10 ho9k: Jersey Central 4, to sex;
Kansas City & Northern ", to 2l1s; tho pss.
1crro1 Il, TO 5G1; Kansas Pacific TX, 10 SIX;
Ban Francisco preferred Il, To lo.
The gains we're St. Paul g. Minneapolis N,
to 4324; Kansas s. Toxas K, to 10; G.. C., G. 4
!. u, to 5494; Louisville & Nashville n, to 53t5.
Erie socond G4, gold, opened at SBT, and
closed at 1G4, after selling at 70H.
st. raul sinking fund ~ were l064; Kansas
e. Texas rsts opened ut tx, ut,d closed at 756.
Northwestern carofngs for Lhe fourth weak Of
July. excepting The last day, SHOW an fncrraso of
$J9O, 600.
ln raIlsoad bonds In Now Ynrk, on Saturday,
tbcro was a stll further ADVANCE In priccs
Toledo s. Wabash consolidated convertible.
roex per cent, to SIX; do funded Interest 15z<,
to II: cuuipncnk 1: to 4f. ahd At, 1ouia
Division CT matured counon Il. to Dok.
Cincinnati! d Springfield 1gstt, guaranteed
hy C., C., C, d. L., ross from g,k to
06k. CT. &i. C. nr..s sold IN to 81: do