, 1879-01-12
Strong Demand for Government Bonds
aud Investment Securities
Rates Of Interest Weakening
in Chicago---The Stock
Market.
The Produce Markets Active---
Breadstuffs Firm and
Steady.
Hogs Lower---Provisions Stronger.
a Big Demand for Meats.


Government bonds we're in the same demand
rs on previous DAYS OF the week. The 5-o0s o1
1861 declined again X, to l0l5s, while the sos
Of 1865 advanced e, to 104A. The rest Of tbs
LIST showed no change in price.
Gold was sold in small lots at X OF pcr cent
premium. There is Ill out-of-town demand for
gold making itself felt at the New York Sub
Treasury. The New York Journal Of Commerce
attributes this to the course OF the Treasury in
refusing to pay coin interest in coin at Chi.
cago aud other points. It SAYS:
So long there is any obstacle interposcd 10
prevent sheir obtaining gold, either in settlement
OF these claims or IN exchange fur legni tenders.
the people outside this cl.r and in the immediate
vicinity Will be sure to want tue con and will taxi
measures to get It. even II they hare to send
TO New York for the gold and pay the cost Of
transportation home The Treasury Department
should taSe measures to accommodate these pep
pie ns SOON possible. Tue COUPON payments Ut
nre doubtless hesve-t ct huston and poiudciph,a.
he secre afy might modify his recent order
to enable the Assistant lreasurcrs ut the points
named andfar Chicago ard St Louis TO pay with
cp5d any interest coupons that might he presented.
This woulu salty the demande 0! public creditors,
and holders Of legal tenders would doubtless then
be content to Fait until gold was moro generally
distributed throughout the country before they
ciaored for it in exchange for United States notes.
The resumption Of railroad traffic has stiulu-
lated the offerings Of bills drawn against grain,
which could not bc mored during the snow
blockade Business was active in foreign cx-
change. There was no change in posted stcr-
ling rates, but actual Transactions we're st 1881
and Is115. Sterling grain aud commercial bills
were 4s1;l iu currency, and French CONNER
cial bills 525 III gold.
Consols opened at 95 11-16, and remained at
tht figure all day. The Bank OF England
xainct s1S0,0D in bullion. The comparatively
llgh price OF conso1s, and the decreasing rates
for money in London, indicate shat the financial
pressure there is decreasing, although the in
dus:,!a} situation grows worse every day. The
11''criai Back Of Germany has gained S455, 900
il, specie, and has reduced its rate of discount
70 per tcnt.
Luat,s have been maue In the Chicago market
at per cent per annum for ninety days au&.or
longer time There is great deal Of outside
capital looking for employment here at cheap
ra'cs- The Chicago banks report 1t difficult to
keep ali their money 10 us" at current Chicago
quotations. There are inapciers. not bankers,
WHO hold that the bank rates arc too high.
These are now quoted at 5|Glo per cent Tor time
loans aud 6i97 per cent for call loans. The cur
rcncy movement was light, the balance being in
favor of the city. There were shipments Of
currency to New York.
Chicago bank clecrings for the week we're re-
ported as follows By Manager u. R. Hale, Of