, 1879-01-04
FINANCE AND TRADE.
Oreenbucks at Discount Of IA OF Per
~s+,,- Oent In Chicago. H
Activity In Local Finances
Stocks and Bonds.
The Produce Markets Generally Ttrna-
or, with Smaller Receipts.
More Doing in Grain, and Less
Aotlvityin Provisions.


Aotlvtty,in Provisions.
FINANCIAL. /
Gteenbackp wsre at discount Of u Of ctr
cent In Chicago. Cash gold was sold at 1ooa.
with q very light demand. The Chicago Sub
Treasury 10 paying coin interest checks IN green
backs. THIS Il generally understood TO u on5
= Temporary measure to permit the concentration
Of gold At Nav York, bnt u 10 also eenefaH
conuemncd bv hankern ~ fmpoltle.
Tho t1ew York Daily Commercial Ia'fsfia says
that .while there 70 no lack Of confidence 10 thn
snecess OF gold payments for long t'me. never
.helesss long g-headed investors arc showing
marked preference for sccusties hat ara speclhe'
sily pArabs in Roid coin. An iIlustratton OF so's
vas furutshed tn the snls OF Il, 0u0 COO Metro.
rolttan Elevated Iailroad per cent gold bonds ut
D1GtQ5H within two houss Of tho receipt OF sne
bonds. and before they bad bcen Formally oneffa
TO tbs puhiac."
The t,overpnept. bond market was active. though
Tess ~ than thc day before. Transactions aee
mostly In the I PET cents. The b-e0s ot 1857 do
elIncd II. to 1924; tho 10-40s advanced u. 10
l0sN: the ne \ 81 Of 1851 4. to 107; and tho 4Ms
declined u. 10 104A+.
Busiueas Was quiet IN foreign exchange. large
part OF tho bills now offered drawn against pro.
visions. the export Of which has been stimulated
by low prices. Sterling grain and commercial hills |
wore 479H In currency. and Fren:h bills wcfn
52Ok In gold. In tAnkers' sterling actual rates |
were 4a1M and 4sgh. and posted rates 482,a md |
1874. Bsukezs bills an Paris were 624S ANA
tcoh: commercial, 528K; Antwerp, 6s5. and
bc1A: commercial. hesA; RuSldcss on lio'sAna+
JDE and 40H: commercial. :9si.
The London money market II Represented BY
private nurices a. easet In skuuah ths street
rates for loans Indicate SOME strinEency. Consols
opened strong 1t o5 $40. and advanced to e'A.
The Bank Of England ea1ed 44S5, 600 In bullion.
E7HS. AxxN. ali -
great nctvitY In conntsr and mail routine business
incllcrt to Tho usual settlements ul the drst Of the
month and Of the year. The m5neY market II fairly
active Hates afs BQ10 Dor cant for time Ioans
mud GOT per cent for call loans. The currency
movement IL in favor OF the city. Country orders
for shipu,cnta OF exchange 10 New York were not
heavy. ..
There was sa1s Of West Division Hallway pet
cent eseticates at Jos. Local securities scnrca
una In demand 0t full prices.
The stock nRrkctopentd 1t about the closing
prices Of Thursdiy. The msrkot was steady, and
thers vaB ~ upward movement. followed eapccial'
" Ia the Granger stocks. with saest to realize. The
coal stocks were firm. and advanced. Delaware q
Jlutison Rn,ned 4. TO Son: Lackawknua ~, 10
44S: snd Jersey Ccnisa1 ", to san: Michigan
Central advanced ", to 744; Laka shors X. to
gSyt. Northwestern common opened 1t 80, and
Yold At 6oH. hat closed At 49K; tbs preferred ad-
vancol ", to 77A. st. Paul went up from 3fA 10
s0&. but at the close WA marked down 10 3ah:
the preferred declined from 7uss to 7UM. Other
losses were: Nov Yotk Ccntrnl 4. TO 113; Rock
island u, to 1lah; Erie Il, to o2A; wabnsh u, 10
FIX; Ohio i Misslssippl u. to 8: ST. Joe common
II, to lax; and Western Union y, to 05,i.
Eantss i Texas vas bid: St. Louis, Kansas
ci;y \ Northern advanced from 0 tot.
sneeutst,on In The Granger eiocks il affected by
the ro,d. which viii, dlp,tnlsh receIpta md earn
Ing, and threRtena accidents.
In I'm nueton market a vary Isyno bus,ness has
nf i.tn hn.n transacted IN Doafop hartford Erie
hnnd, w,c1, n,n convertible al p1ea.oro OF ho1ers
tntnNcw York aud New England stocks. The loan
,1f "a DO 900 recently offered BY slcsars K!ilrr
r.shoav i Co, ms advanced irorn u 10 1ptA,
with read sa.ct su IL IL cytdcut iron, tho now.
nens in the bonds referred to that tho completion
If ,ho line to ,ae 1ludeun lflyor In nssured md
larvs hns,ncs. procIsed from It's connection with
the Eric. PnnusYlyapia Central, and tht syston ol
.onl roads terminating NJ the tludson.
On-ra:o,a who nrs 0aur1ap apptuEt the Orange,
.7oeh. an account o, the weather use tho sa,n.
arun,oont to favor rita ia the coat stocks. II tht
so,1 .toct, nre good nuIcbass at uresent prices,
IA, murh ,nor. hec Of thu uroaoects of Indus
tnu, regeneration tn tho country 1t largo than bs
tnn,e Of nnv n,omcutary freak os ths weather
A,eh,,on + roneka In boston on Monday ad
v.ncAd Y. 10 sax. closing at eJ,fdes4. Kansa
i.,tv Z ronsk. wa, arm At Ao1da89k. puchl,
r,osad nj m mid. chIcsro, harrington L Oninc,
,olu i. b,rher. NJ l0os. closing Al loo,z llOO j;
AMI rinbts add ik hirhhr At bnn Rurinc1un
Ml.,osri Hs,lrosa mi Sebraska ro.s Y. to 110x
nn1 r,o.cd viii theI n,cs hlI. In f,tlrood hnnds
Atrhf,nn Iand ,ncome 81 advanced to lot: Atch1
snn .econds sold 4, 1otX. and closed nj 1o4Hd
1nas f,n,nrton A. M,ssou,t exemnt.s ro.e u. I
1os!i. psavet i Rio orands ~ closed u hixhs'
Mu..aaaAt,
uai!ja,.,s ! Ohio on Tuesday = .o1a =. ssH ess::,
a u ~ Sa na aa,na aT ~ a., hs sa
XAE and lt0 al,atea Northern Central ut l3E.