, 1879-06-27
Advance in Fourier Gents
-~-Foreign Exchange
Steady.
LIGHT Local Demand for Loans-..
Stocks Dull and Heavy.
The Produce Markets Rather Tame
Provisions Easier, with Firm
Hog Market.
Whcat Stronger---Progress Of tho Juno
Deal..-Oats Unsettlcs,---0ther
Grain Steady.
FINANCIAL.

Grain Steadys
FINANCIAL.
There was An a,lranca Of i6 in tho price at
per cents. in Chicago, the bid pr!rc rms 1D.1S
fglQ3 and sales Ners made Mt 1D316Glt tD34.
The Iemnnd las Increased, nnt banks un.l In.
diyiduals ara buying freely again. A fow spcc-
uintivn purchnscs arc reported, hut not nlnth Is
-dono hero in that line. RcfnndlnE certificates
arc not offered tn any large amounts. They are
Ia demand at 10o334. There were heavy shin.
mcnts Of certificates from Chicaco 10 Washing
ton for conversion into ncr cents. The is
were stronger, but the rest OF the lit WINS un-
changed. The Gs Of 1881 were 1071< bid In Chi
cago; tho 5s, 1033S; The ~. 1o55S; currency
Is, 124.
Some indignation prevails among Chicago
holders Of Government bonds ut the refusal OF
the Government to pay The interest In gold. In
qutry at tho Chicago sub-Trcasury shows TINT
the July interest Will be pafd hero In silver,
legal tenders, or Treasury checks on Nun York.
Until specie pnyu,cuts we're resumed this inter
F; est was always paid here in gold. When spceIc
payments began, gold Was refuAcd The rcsump-
tiou Of specie payments Is thus made to cut of
tho local supply OF gold. Banks tint hare been
aipce their organization in payment Of tue inter
est on their Governments, oren when gold mus
at premium Of $50 unl more, now fail to gct 1t
because apccic payments have been resumed! 1t
ia OF no uso to EnT that the lcgnl
tenders nro now as good as gold. They arc not,
to persons who want gold in Chicago. Every
bank wants more or less gold on hand, md, II
the Government refuses to nay them gold, they
hare to supply themselves in New York at a cost
OF $2.9013. 50 per 81 ,000 It Is strictly truo,
stranRe a. IL seems, tint tho only practical way
In which the resumption Of specie payments Inns
been felt Ia chicago ia In this rcfusnl OF the
Government to pay Its Interest In foldl While
epecle payments Here suspended VIC cot gold;
when specie payments arc resumed paper Is
iorccd on us.
y The foreign exchange market was unchanged.
The offerings Of bills were light. In Chicago
,sscrltug grnln-bIlla were 4s41 for si1ty.day hills,
and 4sd1G for sight; md French were 51aA for
shty-day bills, ind 5l89< for slight. Tho actual
Odsaao rates for sterling wore 4801{ a,,,l 4Ss11<
@5a9H. In New York the actual rates were
4s0ssass14ssN. The posted rates for sterling
wore .s711S654S914. French bankcrs' bills were
51G95l7;@.
Cons1lB opened nj 07 1-1O, anil advanced rap
idly 10 071. The Dank Of England tatued
S4,G5o, ,0n IN bullion during the past week. Tho
proportion Of the banks rcscrvc to its liability
Is 571{ Der .cnt- Silver was down 1-16 In Lon.
don to 81 9 ocnce per ounrc. It Is Of impor-
tancs In connection with tho silver market To
nutc that the probable product Of thu Lcadyillo
mines tlis yeat hus been greatly oserstimased.
Tie very Intelligent correspondent Of the Ncn
York Tribune, NOV at Leniyttle, gives II as bis
opinion, based on the best information, that
1n1r1pi1ln Sri11 IN,