, 1879-04-05


md easy tint every ono can understand II. THE
brokers md bond dealers viii bo able to handle
tho certificates on narrow margins, Anl ttc
Nrchaury will have a host of assistants all OVER
the country ia Introducing the certificates to
popular uac.
Local transactions In Government bonds were
active. Tilers was little change in prizes. Tie
Coca of 1868 lcclinua lS, 10 1031S. OlherwIsp
quotations were the eamc as the day beforo
In tho foreign exchange market offerings
we're hot heavy. There was no quutahle clnMgo
in prizes. EXCEPT In French bankers b1ls. Con-
tlnental bills nre more freely offered than ster-
ling. In Cblsaso sterling grain t.ls were 4S+4,
asld French bills were 5esI6. The actual Chicago
tatcs for sterling wcre 4S0>f aud 1854. In Nov
fork tic aetuol rates wvre 4a6I and 483 The
posted rates for Startling wcro 4S7 md 430.
Freuch hankcrs' bills were 5l7ttS AMI d15.
Consols kcep on going up. and ndvanccd from
81 ZIG to OF 0.1G. An cstcrtncd contemporary
in New York, when consols were NIX nml 07jS,
said tsat the price Of consols Is n rc!utalon Ut
tho slushy dispatches tint from time to tiulB
Of late haro come ovcr the cable reporting
very unsettled feeling In London."
In fact, The nlvance lu conso1s 10 this yery
HIGH ront ts tho best proof Of tic di.trtlst
with which olter Investments arc regarded.
The u,Hse dubious business and banking nuk,
tic greater will bc The demand for conRos.
At the Chicago hanks q moderately good mis-
cclancous 1emand fur bunk accommodations Is
reported. Call loans are 5GU per cent, the cur
rent time rates are M58 per cont, nl!.l kome
ea,ali transactions are n,adD al S1910 per rent.
Tic currency movement is small in ull dIree-
tons. Bank Hearings were $3,00o,09o.
Stocks wero str0ng, md clusng prizes showed
M advance for ncarty all the active securities.
T1lc sna stocks wcrc prominent In the at.va1,ee.
Alton was thu only col,snisnous exception to the
upward movement, md ulndc a bad hseoK. Tie
rfsc IN tls rDal stock was based on rumors OF q
new combination, lQt tlcrc WAS notllfnl, author.
fta.tse about them. Delaware & Itunsun opcn-
cd at 4i15, went to IS, MD closed at 42gf;
1.nelsawa,lna advanced from AK 10 hDsS, with
MT intermediate quotation Ut IL; jersey Central
advanced from Al to 4:.N. The i'Iulalelpha
correspondent Of t!e Now Yurk
D.iy Cosnnere'a! RX''siir, writing April !,
nutes tho l,cw rcposts abnut a combination, but
gives It no credit. AcroE'.Ing to him, there Ia
nj n'orc 1npc Ut an agreement nuw than tirrc
lus bren Mt my previous timo this spring. md
less It anytLing. The Rcatling viii no. stop
m Ming, hut will agrce 10 nut up 1niees. The
Lrhgh operators will agrce to = suspension,
but will not tnarls up the prlcc on paper, knuw-
linz t,lat fictitious value cannot lie put npnn
a'lv article flat enters 50 much INTO daily usc as
anthracite coa. Betwcen tie two, then, 1cre
is wide chasu, and 1t spreads rather than closes
up as tile scason advances. TO lcll tue truth,
the competition between t1u corporations Is
becoming very bitter, md IL Is Of
the cut-throat nature. The break IN
Altnn was severe. TIC stock closed
Thursdas at 10. Yesterday morning tho Nsw
York Tribune appeared witt. savage at,uck on
tln stoek. lts accountant figured cut ,lrile,t Of
$.Eo00U 10 tale business OF tile road last scpr
Instead Of gain, ae claimed In The annual te.
port. satcs Of stock followed on The Board,
which rnu tlc prlco down to III. Tleru wna a
recovery ut tho close Of n, 10 77X. The TIT
'tns's figures do not agrce With those Of The an
nual report, which claims for last year an lu.
crease Of net earnings Of $t0,047, md In gross
earnings OF $207, 900. Michigan Central nd.
ranecd from s4N to s5}4, Lake Shore from 7la6
tui2}}z, Northwestern common from 50L to fal1l,
Tie preferred front SSA to 60. 81. Paul eon,nno,
frou 4oN to 4lh, thu preferred from 30 to S09l,
Rock Island from INK TO III, Union PnciIu
fron 7ls1 to 70. Erse from 25}S TO :.54, Wauash
1os{to ao}4, Ohio d Mississippi Tx to llsk,
Western Union 1o8H to 10GJ6, Atlantic s.
Pacifc 959l 10 80.
st. Joe preferred declined from a 10 43sf.
Missouri, Kansas d. Texas lirsts wcro 57(35s,
md the setopa. a3l<6o94k
Nor,h racl0r. cnmn,,,,. VIVA s,<67o mn, ,,.a
prcfcrre, a7s<6oostf '47'' "'|' '''~
st. Louis Il San Francisco preferred was SIX
t993s, a''d ta'u first preferred 171160l7s<.
Northwestern gold ho,,1s wars lOSA, St. Taul
Blinking Fnols lO2!16, Burlington Cedar Naplas
d Northern Tux. and Alton Ro!d u l0l.
II, railroad bonds. In Now Yurk OH Wclucs.
consu1L1otrd ..cnna. \ XII. .,."....a'. ~" ~"
uuul for thr,c .cc,,rr,,s. 1,,,g ,t,a1 ,,sa"a.'s,
t,o INV at advnncins o,,,,,pti,n, , H.. ..".'.
nr,to,s In ,hc hnn,,s ,ench~5 ,a,a' - e, ~
upsl lilo onr,tu,, ,rt,o ,y.s es,s w., ,.','.
straly Euvn,,, Ar, n.x,n m, -, ~ .oa,e 1884,.
fhr Ftr.t nno,i r,,,s.,,a,,,t. w - tuoM pau w