, 1879-06-04


490i3Gl48Dh The posted rates for atcr]lItg
were 4s5tf@1490. Frcuch bDnkers' bills were
bl5l5i2tS.
Conaols opened at 98 1916, md dcctincd &. to
rs arl1. Tie tnoaey market IN 1.onaun WIS
trnp f1rmcr ak tile s1atc pf the Inst mail atTcts,
and the opinion seems to bo III Lon1un TINT tic
extreme limit Of depression has been passed.
There taay be. says tie 1fn.es, no very marked
rise In the value vi 1oanabta capital for home
time to come, but It can har1ly sfnk hack agafn
to the utter stngnatfun which prevailed u iort-
Right ago. Dull tradn mny for titnc prevent
any great rise IN the rates for discount. 1t Is
not, indeed, at all improbnblc Tint after per[ol
of tow .atss more or less prolonged, nancy may
again grow dear suddenly. III the meantime,
however, quiet market Is to be lookel for.
Silver nlrauced In London ycstcruay tn 5o1M
per ounce,-a noticeable sise. Thu price was
5oy5d per ouuca on tic 2od ult. 4 better Con-
tlncntal demand. Prince l.fsmarck's recent ut
tcranccs about stopping the sale Of silver, mud
the "ol!lcla." statement from Washington that I
the production Of this country fs failing of, arc
Causes Of this upward turn In the price. The |
Bank Of Franco has recently ndlcd largely to |
H. store Of silver. The parIs Temps shows that
while On tho B1et Of December, 1915, tho cash |
and bullion at tho bnnk amounted to 1,630,b00,-
GOO francs ID gold and B3s, 900 franca in siI-
YER on the 8lst OF December, 1877, the gold had
diminished to !, 1858, ,500, COO trancs, mud the sil-
ycr had risen q, 600 600 fguncs, aud CT the 3lst
OF December, 1875, there WIS only gS3.5o0,000
francs In gold, silver having risen 10 not less
than 1,o5s. Gee, 600 francs.
Business at tho Chicago oan1ss was active,
nainly with Board OF Trade ectt1emcnts. Tile
:learings wcso &c. 700,0 ,00o ngatnst $B,bo00o tic
Jay before. Tho calls from TIC country fur
currency arc stltl large, aud tho moycmcnt Is
from New York IN thta direction. Discounts
were not specia'ly active apart from the Board
OF Trade demand. Rates aro bG36 pcr rcnt OIL
call. With loaus on Governments ut 1 per cent.
Tiue loana aro 7@8 pGr cent, With eosnc small
transactions at 0910 per cent.
Tho brokers uro now selling cty scrip Mt n0t3,
m advance Of II. Most OF tho scrip Is now IN
the hands Of ono or two brokers, except TINT
bought by largo taxpayers for their own Use.
Local stocks are quiet.
Stocks had anything but a firm feeling. The
average tendency OF The 1st WIS downward aa
con, ,pared with tho close OF the day before, but
at the sa1uc time most stocks closed hTghcr thau
they opcncd The market !s III d 'isslrss enpat-
tIou+ Which Is INTERPRETED NJ a natural pause
after one rise atil before another, orns reaction
from prices TINT haye gopo too ltgh Almost
every oe saYs prlccs too high mud that makes
your old operator hestate 10 sell short. Ttc
bulfa aro in minority rs far as neaca can be
counted. but they mako up In devotion to their
principles what they 1ack III uumbcss, Al We
lave given tho vtows OF tho "sdorts " With soma
fullpess heretofore, We quo the towing,
which EXPRESSES tho feeling OF the other side.
Tue New YORK correspondent Of the Nos.an
Commercial BuYttn saya:
There Is q feeling IN semc quarters that stocxs
RFE TOD fikf, but nOtG Tint this ou1nfDn pre.
wills a.noM4 tlsc same elass WIN thunght pricus
we're too ll!gtt Six weeks Hgo. and an they wure
TroHH thrn they tnnY b. wroslK now, aa thoJ do
not aecni to appreciate tho powcr Of tue spgcna-
t!re inlutncaa ut wotK 10 inhHto vaues. We still
nsr ostSur.s vii soon oeenr. sa sarryn I'll ~ priecs M
t'Fhet saan eyer, although somewhat lower prices
brokers' markct. and afsor price. lave riseu thsy
sro apt to Aink little OF their own weight Tho
outside Gapital,tIs, and 10 largo c1tont Tho GEM
fEa trading pabc. arc buyers and sellers OF stbets,
t1ld tho Wall stsect dealers ay md thelr holdings
AIKEN ont Of thelr hands II tAcy do not look sharj.
Now York Central opened ut 110!1 and closed
1t 1lSE. The cutting ot rates begins to till Of,
'tocks. III such q slashng competition ns IL
no~ going on between tho trunk lines, tho nd
vantago is nj! en- tho s!de Of Erto az against
r"ads like the New York Central aud the Pom.
sylyana, which have to pay dividends. Erie
WIS decidedly depressed, atd Wcmt oil Il, To
2Uoz. The preferred lost Il, Ia 70, Tho tonda
ut wor t,oth IN In,,,lom .ni New Wi, n,,,t.',
aown the bonds md stocks ure'arasory , e
"bulll'sg" tlcm. Wabash fnlnroyed from 35}G
10 ~. st. Joe got under way at Que Tins as II
It we're gong up, like Kansas Tncitlc, to co, It
ppened At COX, and reached :aas3l, hut tiscu rc.
acted to 2lN. TIC preferred followed ihe satue
AL Tn,,iapi1,, 4. NnshrII,o ,,unn,, ~ -, mi"
of,er .a1c. ot MI M,cn,,,an t,s,t.o, .'.,1a 11s
" IN n, M, Tsl" sho~. ~,
liz. Tha rrnuccr st,cts ,rcro a. s,r,,r~
Nnrtbwost.r, r,,m,,,,,r .at,a.1 ~ ~ ~. ,,..
nr4forrca " IN caiaf ~ 1,o,I II, o,,,,,,a1 .,,,, |
roac,1 a, rin ,rf,1, In,..,n,,fa,n .s'", ~ t1s@
and N,ar ,,m1 ,ba rref"+roH nttvo, n ~ 1s,af
Kock isianI onroed mi .osc1 -, 1.ri 49,, III
mis- crn,,o, ~ ssss T., w. ,a,an."n,, s. s.os,'s
Wrstarn irnIon nnaroa u tslew WanJ.s,s
,e -, ot~ ~ ~" .o"."1