, 1879-05-01
u. q. YOURS.

Foreign exchange was steady. In Chicago
sterling grim bills were 484, anl French were
strong ut 5o0. The actual Chicago rites for
sterling were 1856 und 4s714. In Now York tino /
actual rates were 4s6 and 4S711. Tho posted |
rates for sterling were 4s7 and 4s8M. French |
bankers' bills wore 5l711{{ md 5l5.
Copaols opened and closel at p9 0-1G. Tie !
Bank Of England lost S000, 900 In bullion during |
the day.
Business at the Chicago banks Ind for its |
principal feature the applications OF Doard Of |
Trado borrowers for loans; with which to make |
tho settlements Of the first Of the month.
Rates are stronger, md Gull loans are quoted ut
7 per cent. The current timo rates are 1G3S per
cent, with aome amnll transactions ut S@o10 per
cent. Tic currency movement Is not large.
There Is good demand for Now York exchaugr,
with greatly improved supply. Bank clear
ings vcra 81, Go0,00
There were locul enles Of Chamber OF Com
merco stock at Is, which Is now 9uotod Mt $50
co; .somo small lots OF Cook County s. ut 10l
an1 Interest. West Slide City Railway per
cent certificates were sold at 1861 mud Interest.
City scrip finds a ready market at 075<Gl03 buy.
ing, and 0st{@00 selling.
Stocks were weak, The market IS Irregular
nnd battling. Some experienced observers de-
toct IN 1t Indications that tho Insiders arc selling
out. Current priccs y!cld them handsome pfotlts
on their ventures. Tho giving Of points to buy
stocks that arc known to bo nearly worth.
less bears out this view. Tials is ono Of the
dod9cs Invariably resorted to, for the purpose Of
un]oa1rnr an tl,c while. Wcstrrn 1rninn vas
depressed by tho regular scml-annual appearance
iu the field Of co1nuetitor. 1t opened at1041I,
and sold down to 103, closing With 4 slight re-
coycsy at 1O8k, Atlantic g. Pacific went lown
from H4s<to N. and ktaid therr. Kansas CIV &,
Northern went on In tllo upward movement laid
out Tor It, rising from 14% at the opening. to
155$, ind rcnctlt,E at tho close to 15h. Thc
preferred advanced from AK to 4a1, and closed
1T 429k,+ st, Louts Il San Francisco commun
was weak DECLINING from NJ to 0s<. Tho nre.
1erred was unchanged ut 1011, md tho nrst pre-
fcrreu vas 2lG122j, Kausas II Texas dnc]jnct. from
AK to II, and sold finally ut 14t6, St, Joe a1ao
Ind a downward trend, tic common ononinr At
1sK. selling i'm to 10, md closln- at a. t,,c nrc.
ferscd po!ur down from 4l1 to 4o95. md elos-
tng ut 4oN, Alton yas n, MICHIGAN Ccntrn,
attracted attention by dropn,ur fron 81i[ IN
7816, closlug at NIX. This was undorstooI to
be in uursnuucc Of a p1au to mt atfchtcan f.an.
tral down aud Lako Shore m. Tho latter w..
coslpgly ADVANCED from r. to 7.t6. Ronorts of
dry weather continue to oposatc aeulnst tlIu
Granger roads, Northwestern common 1ost "
to 5Ss<. the nrcfcrred n. In B1a5. a. pa,,l com,
mon *. to az. and lie nrefer1cd ~ all
Tho coat stocks aufycred viii tbc rcst ~ ~
list. Delaware &; Hu]son decl,uiur X. IN AKA.
Lackawaupa ", to II1s<; and Jcrsey Central u
10 43sz,
Northwestern, gold bond. wcrc 11a. q, ror1
sinking funds, 1oe1S: BurItnrton. f,rtl,7 pnntIs
& Northern. n: md Altnn cot1 na mt
Mjssn,r4. kanae. (, Tc.na nrxt. voro eo,< ,nh
the scconf1e ~.
Railroad bonds. In Nc,v ycrk nm s1ona.v u,o.o
fair|y uctiye. mud nrers ccneraI,y xv,rs r.,1
maInta,uol, Tbe nrJncina, orttv,ty VIVA f., Erin
consolidated seronls. which udy.uco5 ~ reL
Do funded bs sold I'm In IA and ro,,sn,,dot.d -
TO 1o1,{. e.. III q Hrats mi, ~ ., nnt<
and Inter run IN n71i q, d., r',tas.n s>s, T.
Milwaukcc Dvts,on nt1v,ncoi =, ia. f,t,i,oo,,
g. Northwcstcru rnnso,tl"t.d eo,,1 ,,n,,,,. -,
11a,S. n's,,'s,..a so"a'Iu ",'l, so'a COUPONS ~
1rsts to 7,s5: Morris ~ Tssny r,,sn,Id",.,
1rsts IN a7l<. f,nn r. N;.etss,,,n, es..sa.,a"ss1
~ in. s,snv 4 aHssp sun.o'.un,eu 'na,
and ,on;xvt,ls 4 No,hvl1I, ,or,sa,,la.as =, ,uSa
~. - 4,aons',o souhu'r"atca ot ieoo
70 llo; ca'eaeo' Ut: raul Minneapolis land
80 r M. C, .h ~ ~ 0e'
yer d lto uFando arsts icll o1 to VIZ, al'l
A {1ronncd i. 10 m ,rhe Konsos racI,n To,nds,
- 1u.,'t -, s0o "s'''s' 'o's'o
81 stesdv' "Hs'S0' anu o'sa' Western '''u7s "eF0
Tho Nou, yor,r fsr,,u,~ vovs ,,,o. .,,,, ,,.u.uu,
,s.. w" teA W. f'o""e oa5s t''"' '.e eeheEn4
puoyancY OF tic bot!d alld stosk markets hus a
mora substantial foundation thut, tha r,,mors
vhch .ro o., tro.,v .,,,,or., ~ s,,e.,.s. 49,"
ticular stocks. The great fnct In the situation
is t,,at pcrsops who have held muro tban SIM,
0ooxy) If +, anl K mr. c."t han,,s n.x s,s ~ y.
redeemed, have fAiled thus far, nnd will fall 10
fI,a cnff tn ,,htntr f:overn,ncrt Ia In nIu., ~
A., ~ ~ '"s - =" ftH~o ~
ulc oonat fctifed' IAis u now rendered. cGF'
tain by the character OF tic suttIorneutB mal!c
for tho neyly-pIueet bon,s ut lcnst xIOO, 600 100
Of them having popo lntt, tbe ham1s RI hnItlers
utn ,un.. ,,,t. sI,., .,a.a.,. ~. .h. t...t -
,S - t1's,"o'" ~ ~" eo''a" 49,. 80
deemed. Many believe u,at thu amount " still
larger. Sons Of tala atslodrel cAptuI will ijutl
o+rnt,r,,... l..