, 1879-05-26
FINANCE AND TRADE
Review Of Chicago Finances
Last Week. :
Tho Produce Markets Gsnsrally Lowsr---
Provisions More Aotive--Gratn
Quiet,
j Break IN oats....,Fhtat ljhstttltd-...no5ensnt
af predats During tht iytsf. 4



FINANCIAL.
The noticeable features Of the financial e!ua.
tioh last week In Chicago were tic heavy deal.
inEs In rcfanllng certificates the pressing de-
mand and light supply Of local securities, and
tho dtminu,ton Of Transactions In Government
bonds and New York 8tock ExcllnEe securities.
The riso IN tle price Of tho ptr cents brought
tho purchasing Of pcr ccnts almost To q dead
stop, unttl satun1av. when tie buyinc became
frrc aun,u at the advanced quotations, Local on.
orators cu5tailcd their traneoctons Ia stocks yery
not!ccab,y, Prices began 10 seem htgt, even to
tie bulls. IA bad bronx n was the General n.y.
peclattou. except With the faw vhoso o,,.crva.
t,ou has taught them golden lessons al,ott The
profit OF going aca1nst the crowd. When every.
botly talks "brcak," thcso few look ont fnr
a rIsc. Local municipa, sccurjttcs verc in
active demand, With m altogether inalcut,ato
supply. Cook County pcr cents sold as high
% toex and interest. The highest ouo,at,on
for the II was 118A. The local brokers were I'll
busy during TIC week subscribing for the ncr
cent refurdtng cortflcatcs, and huyipr them I'm
on the street. TIE prico bid at ono time rose to
1Do5<, but reacted at tho close to 1o3,s. Nine
tells Of alt the certificates sold IN this clty hare
dea,crs. 1t the banks thu only now feature of
business was IN Increased tlow Of currency to
tie country and rcccipts Of currency from INV
York, DfscounM wcrc moderate. Ca1r ratcs
were 5427 Der cent, and time rates 7628 pcr cent
and 88lO pcr cent. Bank ccarfnEs show gain
for Inst week OF II per cent over tho CORE
1poutllpR week Ut last year,
Atcl,ison & Topeka earnings tncrcased In Tim
SECOND week Of May from sss,as9 In 1873 to
$l5y,JO0 !u 161O.-a gain Of $7G,2G3. Iron
Mountain earnings for tho Same week increased
$la,22s while Kansas City g. Northern dc.
creased s9,037.
The Boston advertiser saye II ia rcnortct1 IN
ratlroad circles that lilo Nuw York & New Eli.
gland, the PENNSYLVANIA Central, and tho Atch,
1on, Topeka T. Santa Fo Railroads arc arranging
the details for d through line West, with head.
quarters In b,ston.
Another cheap stock has been added to the
Stock Exchange ltst-Mar,et&a g. CINCINNATI.
The sccoat preferred sold on "Wednesday at 4f0
g. 'rhls road l,as on It's 9l2 n,]cs ownc,l ani
1cassd a floating debt Of Sc o0oU0o four 1uort.
cages u9ercgattng st1, 600 CO. url nil In lefou,t.
and, 10 # Is reported, nth aud sixth nortraro
to secure tic Da1t}tnoro &, Ohm for nt,ynncca
After all tnls debt come three classes OF stock-
first prefcsred, ss1Q0, 900; second preferrpd.
S4,440O0o; aud common stock, $1.3s O0O Tho
road is useful to tho baltimore u Ohio, being tts
connection with the Ohio 4 atissss]ppt 1tat,rood
md the CITY Of Cincinnati
Still another lov-nriceh atoclt IN nc,v fovor &.
tho Boston, Hartford g. Bric. and onr ,nor. !.
tho old Mfssourt Pacific. On 3Vc,,nca,ov axn
shares Of tho former sold Mt SIM. mr., tbc,o
were some transactions in tbe Inter NJ sst<. Tin
oplv chauce Of INV value for old aiias,,,rt D..
clc Is tic SUCCESS Of tl,e suit ia ovcr,lr,n, N,
REORGANIZATION by which Commolora Gorraon
shut out ajl the old stockt,o1dcrs.
Spectators IN Chesapeake T. Ohio ebou,d noto
the rurnor fl,at number Of The marina tn,or.
ested In the Chespcake & Ohio Hoirno,1 nro
seeking to obtain control OF the Lout,vil1o. Ncw
Albdny d ChIcaeo nai]road. nenr1y t1,rce Inn.
dret mics long, without apy bonded t,nht. mr.,
only three millions Of stock, This acbcmc. yhcn
completed, leaves only aort 1tnt NJ cinh,v.
eight mtlcs from Mount Sterling. Kcntrclv -
De Banuy River. to sccuro t,nmc]late con,e,.
uon with Chicago via Lex!nvton md IontsyIlie
and gives the Chesapeake d Ohio control nj n
road crossing all tic East and wc.t linz. ho.
tween st. Louis and the East, md tbis. too. nj
nominal coat OF probably s5.n1) mr. mil.
4 now stock soon to ta ountc, m tho a,o,,~
Exchange ia that Of the Nav Orleans ~ am,s
& Chicago Rajlrond. TIM nronrrtv In, ho.n
fayornh1v nns,cd unnn Nv tha fnn,rft, -. ra,,,,,.
fhe mattcr In chorgo r1,a roo,, Is aa...,'a
ertenston NJ Tho 11ifrota ccntra, 1f,,o ",.., ~
stock IA safd to he ct,fc1v hslJ hv tso rnn. Nv
and in Germany. Althourb IN thc l,,n1a ~ =
D.s,,o- 49,. 49,. - NV i.a."H u
been fottbfulty mid. ~ o'A "''s AZ"
Ro,1Tnod f,on,l. IN N.,v y,x,, ~
1eRs ncttvo than ti,ev ,,epnlly Inv. hoan - 49,.
h,,t tha 1,,,+u.t3or. .,... ~. ~. ~ 'ate'
"s WV Aoes "ese Aotaoty "loe IN many
Anesaaecs. Iron Mountain IfEsts, Ark4peas
Brunch, the last proyfo,,a sct,,o1 sa,c ~ ,vho,,
"as NJ b-H, sold at ". Denver s. Rio Qrantlt
ilrsts we're ncttyc md strong. rfsfnt. fron t< ~
p3M, with closing 8alea nj {f1k Erte fundi.i <,
atlyanced In 78i<. ~ psul =. n ~.
-~'~N~"~ ~ +V|3 1st ! huAS II O. l.. EI&tCIs