, 1879-06-06
ErlNANCE AND TRADE.
Weakness of Government Bonds--For-
eign Exohangc Near tho En-
port Point.
Local Discounts and Securfttes---
= Stocks Inactive.
The Produce Markets ateadiar--Prostaiona
Quiet and Eas7--Freights Lower
Breadttud, Fairly AstIrt.--erafu Opened Higher,
aHd C!esed t!gm.

~ EAspVeNe ARhy "'N'~ /
and C!sssA Firm.
FINANCIAL.
Four Der cents opened quiet ID Now York, |
end In tho afternoon declined 10 10eK bid |
aud 104 asked. Transactions In Chicago wera |
at 1039< bid and 10s ntkcd. Tie local dealers !
arc buying freely at tie New York bid prices. |
The ioca, demand for bonds Is small. Theos wsEo
1U74 bid, the Is lo}s, tie 4}6s 1904, aud the Is
1n9s<. aforc business wn DOM in certificates |
than Ia bonds. Tho nottM that tic Secretary |
would receive Tho certificates t1uno . for CONVEX
slon Into bonds had the etfect Of advancing tho
price OF the former. The brokers' wore paying
1Ol9{G9l02tx; for QUO large lot 10at{ WA ;paidt
ers, at 1O2H. In New York Secretary
bonds and ccstitcateh within a OF
each other. It mist NOT ho overlooked BY
rcrsons Interested TINT Secretary Sherman
tnakos no psom}3es ns 10 whcn be Will return the
bonds for whe}, TIC certificates are sent hin. Ills
circular say fonty that certificates "nsl 10 r.
cotycd o aud after June Q. Probably ttp
Secretary otnIy purpose Is to dispatch in june
ss much HI possible OF the routine work In.
volycd, There Ia no intimatson that tho ooads
will be forwarded any sooner than was at frat
Intended when july and atter was fixed ns tic
date of conversion. This View Of tile case Is
strengthened by the course Of the Department
with regard to called bonds due In Junc. Hold
era OF thcas bonds wefo informed inst month
that IT they would forward them to washing
ton tllcJ would receive payment, With Interest
IN full. In advance OF tho maturity OF the call.
Tut Tic Treasury has not ANTICIPATED tile pay-
n'ents al'" eMeaeo pa"hs' @.''",aku ". , oono ~
fl'em eefI June oonaa on 10 asu'lsson ~
April u'eS haso ~ a' .seensu pashsns o"ls
Q! ttose actua,lS o"e, tof 'aet1neo. pnsMeut '''
o' eonas uue "u''u ~" po."t
made. IL u'o co"8eEs.o" stsssnea'es
Into bcna6 1s 10 DO aeee'ciatea no 'nose snan
Inc payment o4 n'ae oooaS' ,ae so'a,ss as ~ W
tcrttlea'oe VIII no1 sct t"eH oa1'us l'' hlsv,
july j. II that u t''u eoa.ee y. e'sn.s' WI
not be saEe TO push the pF'es m o1 eeEt.ncates soo
hear He p7ee VI oohns' i"e eslt'ataiee VIZ
worth premium oni1 As oet '''A1 tt'e oo"us
N1'l conmana sis"''s S1sn.s' p'sa"ah "".a
lhe conversion - inaue' 4ne.c "a "oluNas ~
ecefela!y eneFu1ans c''eu.Ai ~ ""'4".. eno
cApee.as' ls. nor.e'' 49, y. se,>ss ~. a ~
'"etl pot'''s unti '",': ~. r'o"t1 ~ ~;
tcFt'heascs NJ a po'o" 'he pr'ee u o''ooS N"'
depend upon whether I ner cents go 1p III JnIys
-, o,,,i ho,o,x ~ many pon.srn,1tca1a ,t.ul,
10 par anu oe'o"' 10 '"a'5 Aoo'e' n'''a'' "eS''
ers pssa'st. =. ,,.. =, ro,ot .oxor
,.', 'ls ~ eNes uI.,.s .s,,, " "s ...r. 49, ~ -,
Which Il cannot 60 Without cat'slng M export Of
so One sloss ..,e ot coin n as aa aeaax at
h"ac' pfooap's W panhe,e NY wv "os 4neu,s'
una aa
,,".,, t,o,, .,,. .,,,rn,pr, yhtch js o,.nmcd #,
bccu e''ch tn's sn'p'ncnt, "H1e" 10 ''""nuu -"
+f1 katt hmm n
~ :. 49,, =. ,.,,r.tnur nrout r,
an at any ,ato' u naa nv nonotu'1 sss e. ~ ~
,7nv hills on1 ts7t< fnr s1pht. nnd Frcnch werc
ua5 .. e'.1 l.oan ~" =. ~ ~ ,,r1'. r,a,t 80 ,.,.
oao5Aea" M l0i ooeuAy o'..o A"u s ~. ,s..
.Hv nIs''"' .a,' ~. Wi, ~, or,,,a,
t"" ~, 81 ~, ,o-.< ~, ,sot[ .si ,,sst.'.,
1".es wy ~, .eu' w. |ca ,n1 ha'.1t
.atss ,, ~ e.s.i nu.u '"""
ess M'ss "ess aivsaA =. >, ,,,., 49,,
Nessu's ~ opsnva ~ n. - n a. Is' T.,. a.s,' hsa
sioseu a.,a1 ~ y. -, ai4 p'N y. .s.'
toet f7oo'oou III ou's'oa uaf'hE uio ias. ~ scu's'
lns propot..o,, " 1' nn"ks . 1eaosso ~ % "s '',
oH!ts ~ u Io-!o Pes ceu'. o''cl na' w. .ee'.c''
TO- G19a pr ounce III LONDON. INC Aonaol'
1p"eA u ''As ~ sAf' ao'a1 LAG A"' ''9144 'Aouo'
Marsets: ...-.,........ ....
ons Nv r., t.SuctoH 1c " VIZ
Hank of Fraee rats Of tscount to ! por cent, and
for adsnnSes TO per cent chanTc witch has ess
H. cunn.ci,nn with tse i,n,mrt r. n cTain troo ts
l!niten s1atrn garp 10 ths rpr,E market a rathet
Esmes api"asan@so @ aoF .aoft nG, ,nG oIt 'a;lGs
au aa o,c.o;n oo"m 1"x,ous1 ~ ,hc iamr
Of Traucc Tstc o{ discount being re.
nMced 81 low MS leE fent 'sae on tbs bth Q! Ap.!!
at,nnr @ 1s!a ,s - ,r ns raniJ 5ntc1comumi mn
cu.ion between ,he European monetary centres /.
e;nslnR ihclr economic ssstsma to oe Efs"n"iS ~.
hnnkers bsis;ccs arc eu,pluyc ss cioscly a. possl
blu. ~ w have bssn sn the habit Of looking ts
% Y ;, aSf n IN ,r es IT,. q
lions a,c Tor tr fus,rn tnoro nnsioas about .ssi.
Gust. teserve* than .he!r Dividends.
Chicago bunk c!cas1ngs were fa,aoo,cVV. ho'l'
acsa ut tue banks was only moderately active.
Countrs oFders ioF currency wero large b'lt
New York exchange l'a" 'lseh aboys t's point
fur shipments from that city to ClifcaEo. DIR
raunts aru III tatr rcqucst. Rates arc bt!1h per
cent on call nha 1G7S pet cent On time, With
'sosEc small transactions at Mflo psr cent.