, 1879-03-07
Moro Strength In Wheat.-.Oorn and Oats
Firm---Flour Held higher.


TEHAhunf UEPAnTMkNT., WAhnfNsfoS. U. G;s
envered BY anbscrinttons 10 the per cent contoIs,
tetma proposcd bY the Department circular Of Jan.
nhty. 18TH! and npon tho tetnia statsd II, the coil
Ths smnnnt ii $50 scr cent bonds outstanding
anu not embraced in calls 10 lhs daso ts tsS
SEQ. W1icn thls sum Is casosed " snttcflpttnns
nndtr tho cxtstlng circular and contract n1 fuf1hor
eaea Of rnI cent canRols to proyido for tho re.
fnndna Of 1910 DEL. cent honds will bc made
to the pnrcI'aser, anh In aecnrdance with the new
proposals aud contracts. Thls noitcc Is given 10
that al PARTIES wsh to e. subscribe ios soso!s
1onds aro called. jonx SHERMAN, accresary.
The meaning Of this call ia simply that banks
tl,nt want to get advantage Of the present rates
Of commission mutt hurry up their enbsesfp-
Aons. Secretary Sherman wishes to take full
advantage Of tic present easy state OF The loan
market. This Is very favorable 10 salcs OF The
4 ber cents. hut II n1ay he transttory. The rates
now allowed wholesale Subscribers arc X of I
por cent to those who take At ,0GU 010, and ITO
Of l. ocr cent additional to tic Il of Der cent
10 those who take $11.00O000. Tho Inv
permits the Secretary n margin of u Of l
per cent for selling. n.ltl 1t Is possible tl,at hc
side the above rafcs lie may tayc allowed III OK
ira commission to tho ono or two heaviest sub
scrlhers. 1t ia not casy to sco wIat stimulating
effect on tic snto cnu bJ prod tced by Secretary
Shcrn,hn's threat tl,at lrss favorable ratrs Of
commission will be al1uwcd nstcr tlsc 5.9s l,ayo
been refunded. Thc subscriptions hare been
already pushed apparently IN fsr rs they could
bc. Some Of ttsr Subscribers for SlU, ,C3U eco lots
]iare goue 40 tnr ns to allow purchasers from
them Inc full commission of tlir 4 antl lilo Of
per cent. Sales have 5utn .,iale IN Chicago 10
individual buyers at Il and Ia of pcr cr:,. oil.
All oycr the counsry st!rc'rd bankers hare been
placing the bou..s to tllr best uf
tllcir ability. As the supply Is, practically,
incxAalsstlbc, It's impossible tllut i',c price OF
4 per cents sl,uuid rtAc abore rnr. and to cut
down rates If cot,tllsson. which dealers already
sutt!lrttc 80 minutely nn,ung themselves, call
mt help Secretary Shcrinan's rcfundlNg tnter-
prise. ........ -.
,;nld Is nolntnal!y quoted Mt $500 ncr 81, 900
for largo anoaa's. ansl i0slif fnr fmal lots, pus
the quotation Is nominal, as there Is nu tlen,lMt.
As wsT anticipated, the high price Of foreign
cSufauEc has led to i;lu shipment Of gold
ubroa3. No heavy remittance llns yrt bcen
ln1.e, g.Nl Only tilDsc who .fo mt insure have
sent can to Europe, The Gynllcato Tor tl'c
sale ol PR ceuss abroad l,as b,pu culy par
tsai SUCCESS. They have marketed II -ood NUM-.
her Of bonds, hut mt enough to Offset
these called. THIS has led to Il hcayy demand
9tom the bond Importers tor sterling. Our cx-
porta TT lilo saE,c ttne hnye iLo!in!Atctl. Iaas
week they wrre s5,763, t55, against SS,1i7, 77t5
for tic corresponding period tn 1878. Sincp
Jan. !, the total Ia $50 7i9, e3 against s0,59l,-
COL eame tlmc last year, or Il decline of SD,Si5.-
iS5 in ntnc weeks. 1t Is probably fortunate tt,At
the subscriptions to The 4-pcr-cents hare begun
10 slac.scn. ANY more rapid cullln, of tho D.
pcr-ccnss Which are 70 largely held in Enroae,
,nIsht layc ic.l to un export Of gold that would
seriously intensity tho possible troubles apprc-
hcnlcd In tho money market as result of thu
luntl settlements Of uect month. As Il Is, The
export of gold is expected to ho light. Sterling
grain bills wcrc 1924 ,sAlll French bills 510s5
The actual ChicNgO rates for sterling wcto 4S8
md iS9. III New York the ac.ual rates wcro
1901 a,d 1904. Tho posted rates for sterl!ng
wcru Isl slnl 100. French bankers bills wero
61G4 mud 51BA{.
Consols were unchanged all day, at % Tia
The Bank OF Engla,l's weekly Thursday rcport
shows All increase Of hulIluu OF Se,370, ,03, aslI
proportion Of reseryo to liability of II 7.i0 per
eeMt. The amount vi bullion ,.at went into tic
banls yesterday was SeD0, 900.
Chicago bankers reported Increased country
orders for Now York exchange, with IN amplo
1ucal supply from shippers. Discounts werc
moderate. Rites nre 6D7 per cunt IN call, and
a .a,. r.. ar' % s,s',, 'T su''sass seee1p'e
s3.100tQ0o.
lla probable future rates Of iutercst are con.
s.ue'su " s.ss a'aa"s's ua4a1ae 10" years
'su. "non spesa'a.'oh ", was salhpaht' anA rates
y. '.otess "sh' nAanc!a' @ ",neFs ~ 'he Loaaon
1was@ , ann osne' n'e" ,, nu."osls!cs aeeuea ht
could never DO low again. Nov t!,at tpccuia.
I1oa a na. o'ea ous' anu t''S 'oo.sa cxpcaa'taFea
n0 anta.p.o oes.oa aa's ptoseu ."e''sselsss
10 snu1sassuss, sa' ''a = "os aua.'ona, .sre u
a slaa'!s M uonn,sn' sou.'u tH",. w. pseaeson t!a'
,u,Ires. ., W. n1's' ~ s" , msa'a Ill., - .,mss 'e
t ~ @ a am, ~ 4," n, v TUE 1'u, W u,s'ss' y M
~. s,ny M ,hcsu u' psfors ps @D' IA @ Nv, war'% u
Nv. s.a' ,... sse ns.u '..'',., 1910 ."e "o'''
.n,.a @ IT, ~" ~ a',s. ,u, WV .,,a. ,, "s
,s ~ " t,S ss''' =. s'nss 'as'
,"a s's .sou ~" as -, va" :! ..o ..uss as
s,s, ~ M ,,,,,as Ws., ~ p'.'ops
s,, wy w "us ..tas' ,. ""a. aaa oa. us'o.