, 1879-03-22
FINANCE AND TRADE.
Weakness in Governments...For.
elgn Exchange Unsteady.
The Chicago Banks-.Looal Securities
The Stock Market.
The Produce Markets ateadisr--Provis-
ions Active and Firm, but
Close Easy.
Crnln on tho Decline, with Clearer Weather,
and Not nuth Doing.
FINANCE AND TRADE.
FINANCIAL.

q. and Not Muth Doing.
FINANCIAL.
The market for Government bonds continued
weak. The Gs Of 1851 declined from 105]9 to
l0Jl<; tho 5-20s Ut 1867 wcrc were unchanged
at 10tH, md those ot 1868 at So.o2}Hz; the
1o40s we're down Il, to 10l: and the new "a Of
1881 ", to l0}N; the 41ds declined Il, to
1Ua; the per cents were 9oS1 10 100.
Foreign exchange was very irregular, and nt
times almost unsuitable. The Chicago offerings
were vcry light. The disturbance Is traced a.
most entirely to the tightening Of money In
New York, which has led 10 largc loans Of sser-
:ing In Chicago sterling grain bills were 483s<
Ind Fronch bills 5al}6, to 5e2>4. Tho actual
Chicago rates for sterling were 1856 asid 4ssN.
In Nov York tic actual ratea were 48d948VH
.ud 4s9}}zG14ss51. The posted rates for
Iterling wcro 487 md 1895. French
,ankers' bills were 517H and 5l5.
Foreign exchange Inns droppcu below tile spc-
:c.export polnt, mid ait ant,cipattous Of an
outward flow Of gold may bc disn,lased for the
present. Tie exports Of domestic proluce from
New York last week were only 5,0o0, ,575. against
t9,154,B74 for Tie corresponding week OF last
rear. The total exports Of produce since Jan.
this ycnr were Sos OK; 889o against 475, ,187,-
~ for the corresponding period last year. an'l
f5G, ,0o2 In 1877. The diminished supply Of
Exchange, through these lcssened exports, ID or
let by q smaller demand on account Of tho fall
lug oil Of bond importations.
Consols wcrc o. 1-10 10 87. The Bank OF
England gained s445, ,oto in bullion.
Chicago baukors report tic demand Tor SC.
couamodntions light. Banks With d larEo md
miscellaneous patronage keep their rates up to
7Q9l0 per cent, but elsewhere rites drop below
thia. Gall loans on Government bonls m un-
usual kind Of transaction In this market, can
be negotiated at 6 pcr cent. The currency ship
mcnts mud receipts were light Country orders
for New York exchange wero heavy, mid the
supply from local shippers was good. Bunk
eIcarings were $3,20o,000.
There WAS a aale Of Chicago Is Of 1895 at
1114.,
Tho inst sale Of South Side City Railway
stock was mlsreported ut 16714. The price paid
was ITO, and the samo figure is bid for more.
Stocks ware dull aud unsteady. Michigan
Central sold down from. SO to s416, but closed at
b. Lake Shore opened at 7026, declined 10
Do5{, and recovered to 7016. Northwest co1,-
mon from 5sH went down to SIX. The highcs.
point Of the day was 5599ss and tho close 55A.
The preferred dropped !, to s4596. and recovered
to 85h. St. Paul common lost u, to 3s11G, but
the preferred, after going down from SEX to
314, closed ut 82H, the best price Of the day.
Rock Island gained 9s. from 120J}f to 1905.
Illinois Central lost 4. to sos4. Chicago. Bur
3lngton g. Quincy advanced n, to tl4 Union
pacilc was quoted OK. dividend ~ per cent, aud
went OF from 7159 to T0k Eric wont us low as
"a, hut at the close was e41T. The highest and
lowest points Of Wabash wcro 20 and TO- It
closed ut 1915. The coal stocks we're very dull
There was no ttckcr quotation for Delaware &
Hudson. In Laekawhnnn there was q fall
Of u, to ASK, and In Jersey Central an aa-
vance Of ", to a74. There was n decline in
Canada Southern OF ", to 81; in Kansas &;
Texas Of Il. to s}6; In St. Louis, Kansas City Il
Northern Of !, to 82s{, and In Konsas Pacific Of
u, 30.
Northwestern gold bonds were 100; St. Paul
Sinking Funds, 103; Burlington, Cedar Rapids
& Northern, Is; and Chicago & Alton tleben.
tures, 103A bid.
Railroad bonds, In New York on Wednesday,
we're actively traded In al lower range ol
prices. There WAS a free selling movement In
Missouri, Kansas q Tcxas consolidated aud d.
aeconds,-tllu former leclining ~ per cent, to
55s<, anl tho Inter u, to alH. Denver T. Rie
Grands tirsts declined from ss11< to 8714; Can
ada Southern arsts from 7O5< 70 7s96; Chesa
peake d Ohio trsts, series b, from 81
to 35H; New Jersey Central consotitiatcd cd
frsts nsscntcd from 8ik to s31<: and Upto,
Pacific tlrsta from 1o896 to 1O8. The two last
named recovered II per cent at tue close. Kun
sua Pacific Dcnver DiyIston) trust-reccpts tel
OF from 10iH to 108, and do with coupon Ger
tttlcatrs from 104H to 104; but the latter sub
scuucntlv recovered tho decline. Fort Waynt
arsts dccliucd ", to 1234; but do scconlI
advanced II, to 1slA, Delaware & Hudau,
4. registered Of 1884 drc),ned X. to pstS: Ell.
consolidated 7s ", to 1O41x: Mtssouri pacid,
HrstB u, to 10l4I: Kansas Pacific ,nconrs M,
lGa, to 90: Columbus, chicago e. rndtann Ccn
tral tlrsts BA, to o1: Chicago 4, Norlhwcsttr,
,Inttng t,r1s1 :, ,no. III thIss. = - s,n,I
nt, Louis & San Francisco aeconi's class A X :,
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