, 1879-07-26
The Produce Markets Irregular---Previs-
ions Stronger, with More Doing.
Whsnt Weak Early. but CLOSED FIRM
Corn mud Oats Tame.


Foreign exchange was frmer. Working rates
have been good ways below actun1 rntcs for
foreign bills, and the market ia now iust begin
ming to get back to It's level. The posted ster-
ling rates rcrc 4s5 and 487. In Chicago actual
10 sterling vcro At 454 and AS8,
and iu Nov York at 4sAGo4s41{ and 4so. Sterling
grain bills wero Ask for prompt delivery, with
! dlscount for long bits, and 4s3k. French
commercial bills wero 5201{ and b24 French
bankers' bills were 5t956 and 510H. Bankers
expect that early in tho autumn tho ratcs Will
be down 30 that gold will DO imported. The
Epentng Ioat, Of New Fork, says:
Whother the i1nportatlons will amount to much
London money market and tie .,'tpositton Of ths
ueo a power to advance tho ratio Of intateat hhore
Tho ratio which our bonds pay, The amount o.
much smaller than formerly that tacties Of thla
kind would be needad TO force foreign m holders Of
remittance to this country.
Cousols opened and clused at 0S Lilo.
Chicago bank clcarings wero 81, ,100, COO. The
demand for accounts Inns fallen OF, willis de-
pos,ts hare increased. Rates arc AGO per cent
on call md 7G48 per cent on time. Tho orders
for currency and New York exchange we're only
moderate.
Local securities wcrc not active. Cook Coun-
y u, long, soId at 11319, and the nnw 5s at
1o21t. City scrip, new, IL now selling at 059054.
Stocks wero not aetiys, but were strong. The
Grangcrs held their lead. and there were symp-
toms Of new strength IN somc OF the Southwest-
ern stocks. Michigan Central opened Y higher, |
ut s., and advanced II, to 82ssf, after selling ut
8a Lake Shore opened at TX, and sold finally |
at the highest point of tho day, TX. North |
west and St. Paul both scored higher prices. |
Northwest began Il lower, at 7135, md declined |
to II, but then turned nud vent up ss6, to 1la6.
: Tic preferred opened md closed at 9stf. |
ct. Paul dccllncd from 59;8 to 5Sss5,
but sold finally nj 604, still n below |
the tlrst quotation on Thursday. There was
oply ono quotation for tho preferred,-05A.
Rock Island gained II, to 1913; Morris l.
Essex Il, to &c; Canada Southern Y, to 60;
Kansas City d Northern 3s, to 18s4; St. Louis
t. San Frnnclsco preferred 1S, to IL.
Wabasl, was little weaker on account Of tho
failure Of the negotiations with Vanderbilt for
on entrance Into Detroit. 1t declined from
80a4 to 80A. Ohio T. Mississippi was oiK u. to
1us6; st. Joe preferred 99s, to 4111S; Lacknwnuna
", to 50; Jersey Central s3, to 80; Kansas Il
Tcxas Il, to 10: Kansas City g. Northern Il, to
50; Western Union 4, to 30; Louiayilo s.
=. Nashville Is, to ~.
Erie second Ga, gold, opened ut 10. nn1
closed at 75N. ....- H..
Northwestern gold bonds were 11311S; St. Paul
siuI!ng-fund 10, 105111: Alton gold e., 10o11;
and Knuaas d Texas arsts, II, 71][, and M.
In railroad bonds In New York on WeLnce-
day, the feature, especially In the Into dealings,
wns Rome, Watestown & Ogdcnsburg consol1-
dated firsts, which advanced from Is to 60lll.
Alton Il Terro Haute incomes wcrc per cent
higher, selling ut 52. Eric consolidated seconds
wore active, and ranged between 75N and 7011{{,
closing at the lnttcr figure. c., c. j. l. c. frsts
dnT r1rr t&an {p$a oil
up to 78s6@7Bs<, but subsequently reacted to
"a. Lohich d Wilkesbarre consolidated assent
Cd soso from 10 to 70h, fell OF to
7B9S, and rallied to 70. Kansas Pacific,
Dcnyer Division, trustrcce!pts asscutcd
were In brisk demand, and rose 10 1Q4. bur
lngton, Cedar RsptdsIt ItG Northern flrsts advanced
to 80; Toledo d Wabash, St. Louis Division, cx
matured coupon, to 0315; Hannibal & H. Jo-
scph conycEtlhles to 105LI; Lclieb d Wilkes
barre consolidated to 10l; DO incomes to IS;
Erio fourtns to 1906; do fliths to 11o; Fort Wayne
thirds to l20; Alton d Terre lauto scconus pro-
fet7ed to IS; and Ut. Louis & San Francisco,
class 3, to 454. Kansas Pacific consolidated
assouted fell OF to 7oi1l, md Now York Elevated
QFsts to 111N.
Tho Eric Road is providing !tsclt with tor
miual facilities Of The best kind at Jersey City.
Lat week 1t signed q contract for tho construc,
ton Of wharf at tho north s[dc Of The basin,
IN the rear Of The old White Star uock In Jereey
ri.., =. !. -, ~ 1no roat 49,. ar1 IN. faa,
-CltY. IL Is 10 10 l,lVo 'cet LONE anu loo loot
wide. Work Will bo begun at once, md the
wharf Ia cxncctca to bo finished In four months
~ s~r@ w y" aeN ~ .SN. ,' t'~''%''.
IL proposed to nulld two Irelght-housea neal
1t, 5o01160 feet, sir stories high, With capacity
Of $1,000 tons, Double tracks will be laid ths
entire length Of tAe pier. The baaln, which Il
eighteen feet deep ut low wntar, will be dredget
~ aaeiease wv uep'a ~ t"ens1e'A tos1' ~
sheo a. ne extreme onu 10 70 DO useo ~ "otk
eoop pJ tue nen oneaeea III preparing t''l'
nefs 1os tae enormous Rfa'h elevator
AEoauy o,uo Fl4es aasH neen oe'sc'
Iof tounaat1on. a',1 ane Vaae o so!!aee
~ ~ sas, 80 -, ,e ,sas @ r%o ~" a'.n..
w Nv =. or ~. ,s",, .",.,. ,"',.a..s
ous. nr ~ go +ar ,M,- -h,,,Id,no. ~ ~ 49,
asa,ta ssa ~, ~ w o,o nm ha ~. v, 10 ~,
sa. 49,, h,,,,t,. ~ t,so,tnc. ~ ,~scra ,.n.a.
sAso -" ~'~-N