, 1879-04-01
FINANCE AND TRADE.
Government Bonds Strongor.'.
F. Foreign Exchange Dull.
i Temporary Activity In Chicago
Money N1arkct-"-Stocks
Higher.
Tho Produce Markets Generally Steady,
and Most of Them Tame.
a. Day Of Changing Over--W Waiting for
April Deliveries.


FINANCIAL.
A be.tar demand for Government bonds Is re-
ported by the Chicago dealers. 8Ales nfs ,nado
almost entirely In Brnal leta 10 purehasera Tor
permanent Investment. For lts lrat time !n
soma weeks the brokers ara now selling ttle
public more bon1s than the public hFs selling
them There wcro few changes in price. Tho
6s Of 1881 wcro unchanged, Mt 1011s: the 5-2os OF
1867 at 103; the 5.20s OF 1865 declined a, 10
10256; tie 104os were steady, at 10l1l; tho 5s OF
1881 advanced !4, to 10i4: the new Az remnin-
cd at 1045{, Tic l per cents were WA.
Chicago offerings OF foreign exchange were |
lfrht. and will rcnain 90 ss long "a tho ship. |
Ming movement does not improve. Thoro ware |
some changes 10 quotations.
In Chicago sterling grain bills we're 4s3s3, anil
French bills wero 52o11. The actual Chicago |
rates for sterling wcra Assn and 4SS4. III
New York tho actual rates wcra the samc. Tile
posted rites for sterling were 1856 mud 4so.
Frcucb baIkcrs' bills were 5l811S and 5l596.
Coneols advanced to 0T14,
The net profits OF the Bank Of England for the
SIX months ending Feb. 2s were 81, ,107,275. The
bauk declared semi-annual dividend Of 5114 per
cent. Tho capita! ts now $72, 705 600. and the
stock Is quoted at aG9]ff for 100.
; There was good deal OF activity At tho Chi
cago banks in negotiations for 1oars Tor tic set-
Elements Of tho first Of the month. Deliveries
will DO heavy, md engagements havc been mnfau
+, for large sumB, mostly on call or short time.
The cali rate has temporarily advanced 10 2 l'er
cent. Tho current timc ratio Is 8 per cent.
some small loans nro nnado at 10 per cent. The
currency movement Is light. Country orders
for New York exchauge coutinue large. Bank
clcarings were 81, 700,0 900.
Among other reasons for believing that tho
money market in New York will not to my
tighter during Anril than 1t Is now, aud that the
present stsingency will bo short, is The fact that
the interior banks In New York State md Con-
ucct!cut hayo been loantng money IN tic New
' York market. These tanks ORC we'll supplied
with funds. Last December, in order to pro-
vide agalnst any hitch in tic resumption OF
specie payments, they called in funds sufficient
: to meet any contingency. These funds have r.
'maned 10 these banks. md now for tho first
time make their appearance IN tho money mar
ket-
Stocks wcro strong. There l!as been some
thing Of IN advance In the speculative secusi-
tics, md, according TO tho talk Of tho street,
there is another bull movement In progress. An
examination Of tho prlce-lIat docs not disclose
any great gains. Michigan Central opcnrd md
closed at sa{S Lake Shore declined Il, to TX.
Northwest common, opening Mt 60ek6, alIl selling
as high as cox, went down to 5955<, aud closed
at COZ. The preferred advanced Y, to 8S1;
: st. Padl common 4, to 4135; TIM preferred
: opened anu closed at s0N. Rock Island dccl!n-
cd from 1904 to 130. illinois Central was the
sarno, ut 8l]6. Alton advanced from 70f to SO.
Union Pacific fell OF n, to 72N. Eric gained
p ", to o5s6. Wabash was down ", to 2Q>6. Ohio
& Mississippi seained vi, to 1211; c., t.. @. 81
LII, to 4314; St. Joe preferred IS, to AN; Dc-
= aware d Hudson ", to 4o!s6; Lackawanua X, TO
: 4s4; Jersey Central Il, to ss%s; Western Uniou
Il, to 1865; aud Kansas PacLiic 11<, 10 2oo99&.
~ Missouri, Kansns d Texas iirsts were 5735@
: 57]19<, and tho acconds 24ss1@2sHS.
!, ! Northwestern gold bonds were 1073@ ST. Paul
: Sinking funds, 1oaN; Burlington, Cedar Rapids
! & Northern, ~; Alton per ccnts, gold, 104.
: Railroad bonds in New York on Saturday
/ wero strong and generally higher, with thu
Z. largest transactions III Kansas Pacific Denver
Division trust.rcccpts, which advanced to 10GN,
- rise Of ~ per cent. The other changes
were ns lollows: An advance Of " In Jersey
Central firsts consols asseutcd: " In do adjust
: .ment bouds; u In Rock Island skies OF lD17
Missouri, kausaa s; Texas conso}s assent
ed, do seconds, Ohio s. Mississippi sec
!: onde, aud Ccntral Pacific lnndgsaMts; II ir
! Canada Southern Grsts guaranteed, a,ul North
west gold seyons; and Il III metropolitan E!e
waited Railroad firats. There was n decline of
in Chesapeake Il Ohio ilrsts series Il; 3S In New
- York Elevated Railroad tlrsts; mn, u In Alrhi
: gan Southern slnking-funtas. Eric new second
4 consolidated kotd at u, Lakc.Shoso COUPON llrst
At 116hG1117, and Pttsburg, Fort Wayne & CHI
i. eago ftsts ut 123.
:, =. Kansas PacIl: earnings for tho third week o
: March Increased ssG03. Since Jan. thu In