, 1879-06-12
New York Shipping Currency to Chi
cago---The Stock Market.
Tho rroduts l1atkeis fFrtgaIar--.hats kerrausly
Higher...Nleat aaA csEl Easttr.'-
Flour Dull.
Provisions strong.--Meats in Good Do
nand for Shipment.



mil I'm ]attet transactions llerc were c0uec-
oucntly at 10y bd and ln11T asked. Tl1cto wns
very tlttle activity. Homr OF the country banks |
are huyfug to mske good thu security On tlictr
circulation. fhercpurts frun Washington show
TINT the amount Of l03Qs held for circulation IL
decreasing, This proves tllnt the
banks Notwithstanding their talk about retiring
circulation, will not rctire anY large proportion
Of It, The locat demand fo.tonds is not strong.
Tho situation hero Ia something like TINT in Now
York, whcJo parculs OF Is has, been sold out |
from day to tlar, their owners ruZrctting nut to
haya sold at l0311. an.l Wishing t. secure what
remained OF profit. These salcA haYe ont
weighed thr Investment demand. Rc{uaanE /
certificates wcrr tlsinGt. The nrfcc bid was 10ttj
GQ102K. Tla Tendency OF ass'tatons Is to brtA, |
tho certificates and bonds closor together. III /
New York the COST Of changing certificates lnto /
bonts is reduced to y. i
In foregu exchange, the supply Of bills ras
small, nnl the market DUH. There vas de-
cline OF II IN tho sixty-day sterling rntc, hut tic
actua, 1atca lid not follow tAs variation closely,
In Chicago, sterling grain bills wcre +s55S for
sixty-lny bills aul 4s7 for sight; and French
wcrc 51s3f for sl1ty-,1ny bills, and 5lIA for
sight. Thu actual Chicago rates for sterling
wcrs 4S7 anu $50. In New York tllc actual rates
rcro 418;{ and 1904. Tlcposteil rates for x.etl-
inv wcrc 4SsGbi00. French bankcrs' Bills were
6l5al5la>15.
Co,sols opened e lower, ut o. 1-10, and re-
ma!ned at TINT figure.
The Chicago banks have again ordered ship
n,euts Of currency from New York. 1hr coun-
try demand for rcmlttances Of currency co,l-
tinues. Bank clearlnes wurc s4,HU), ,00t D!s-
counts wcrc moderately ncttyo. Rntes nre tr17
Der cent OIL call, with loans On Governments at
1 per cent. Time loars are 7Ql8 pcr cent, with
Bo1no st,all transactions ut M0lO per cent. The
New York 1Yorfa, In quoting the psire OF Sew
York exchange as Ehicogo at 81 per 81, ,0u0 dis
count to 81 per 900 premium, says:
Tho Chicago quotation o! 81 discount 10 81 pre-.
naiaM has been stesGotypcd ever Hsiice Ms. Eeehe
wheat. IN November Inst II We remember corrrct-
Known Tint large snina have been sent from hero
recently for 'plbyinens at per cent or butter III
70 spare much n,oncy, bas pr.sa'e lenders have nr
nbmN'anee 10 employ III ttue iUans Il totase1at md
rate aru made satisfactory.
Tllu "stcEeotyped quotation u Of New York
exchange at Chicago which tie World quotes,
null mistakenly rafcss to operations III wl,cat,
1s d liked maximum price agreed upon some
months ago by all The Clearing -Iiousc banks of
this city Us nj, outside i}gnro. Tho agreement
allnws a spcrinl rntc OF !Nc per $1,000 discount
III HHtA4 HHA OP< III oC4Aht5 ~ III
1ia.le by tho banks to regular customers. The
price Of New iorN cxenunge bctwccu panks,
which nonc indicates lhr movement OF funds
frum New York 10 Chicago and bnck, is not re-
ported BY tAe banks for quotation In tllc ucws-
papsrs; pIs,S; ,..-o ,,, r, wal, cn, r, :, INIT
and interest. or West Division Railway stuck,
large block was sold ut 1o7i5; $l0,0o0 Wost
Division City Railway per cent certificates
wera sold at t0JG aud intctcst.
Western Unlnn md the Grnn1crs were the
strong features Of thu stork inarhut. 1hn fiat
dividend OH Wcsturn UnIon has becn DECLARED
at last,-tlle melon lMs heen cut. The Execu-
tive Committee ut Its lectl.E yesterday directed
thatoE thu stock uf tile Company held In tlt
Treasury tlcrt he distributed a.!d transferred to
the credit Of the stockholders Of record at tho
close Of business OF, tho eth Ut Junu instant,
an amount equal to II per cent OF aI,c stock
hcld BY each, for which distributing stuck crr.
titlcatcs aru to be issued; provided, tEat frac-
tons VI shares be Issued In spucin certificates
bcarsng no dividends, but convertible into fill
shares Oil tl.etransfcr an surrender Of sufficient
fractions. 1he Executive Cummlttce also t'c-
clarcd dividend of ~ pcr cent on all tho
stock, including The additional stock to bn
Issued as above. Tic net earnings uf
the fiscal year arc $4,9:i3,AS5. Deducting
charges. Tho amount available fot tiiyiueudg
amounts to over per cent on tile cutire capitui
stock Of thu Company. Upon this fnyorube
showing the stock ayuncetl tn It's highest paint,
1N;, but fell oil !, to 1lh. T!.ere will now bs
purchases by thosu who ara attracted by tlu line
exhibit made OF the busIncssul thu Company, unl
Bacs by those who always calculate un u rcae-
tIon after tayorabln event. lllat mas been .lIs-
counted, takcs place. The latter declare Vest
crn untul to bc HOW the hest short sale eu the
list. 1'i.c forthwcsterns wero strolIC, ulll
Vanderbilt was rrportcd to be buyer. TIC
cotnnson advanced ", to t0H, whilo tile pre-
fcrrcd arclncd Il, to qT's. st. Paul WIS firm
ut advancing prices OIL the 1asgc eain Of sls,00u
IN earnings for u'u first wcuk of June. Ilc
common advanced from 80 tn 52as. clos
AtichIgan Ccnt1a gained II, tn III,
and Lake sbure Ii, To 75y3, Un1ou Pac|c
,tstlc IL, to II, ,l,d sold tna|ly ut lux. Eric
was 2i16 ut tho ofenng aud the cluse, wtiln tho
preferred lost Il, to 5l,3+ The csccold.tnortgaCe
u were also weak. WA1ash lost Il, to 81; 1T.
joc, which shows decreased carn|liss Il, I'll 1G ;
t!lc preferred n, to IS!I: Delaware d: Hudson
Il, to IL; kansas City Il, 10 ~. Ohio Il Nils
Rlsslpp gained II, 10 l5's; e., G.. e. IL l. u, Ia
tux; kalIsas & Texas e, to II: San Francisco
II, to o; iron Mountain Il, to :,013 The opening
aInl closing prtrca wcro shuaatnc for New York
Central, ut 1t0}G; Illinois Central Ut 60, I3ur-
lingtou & Qutury Ut 1l51S, l.ackawanua ut 5saG,
Jersc}centrul Ut 5l}s, Sun Frullclseo preferret1
ut 10. Alton at s:.+. AL lst,c Il Pacific Ut 40lIi,
Minneapolis IL vt. paul ut alkx, aalk, ns,4 Loulsyillg
Il Nashville at 81.
Erie second Gs, EoId, opcnea at 731}S uml closed
at 74,3{.
Northwest gold: bouds were ll15{; 1t. ra,4l
hokns-fun1s, 10sls; Burlington, Csdar lap[t.t
d Northern 5s, i91l, TX. mt; Alton gold o.
1t554. and Kausas u Irxaa tlrsts, Gs55E, aud tl,s
seconds aaH.
III tailrosd bonds In New York on Monday q
heavy business WIS transacted In shr Eriv bu,,t!s
especially consolidated secontas, which ntlyaneel
trou' 73S to 78]]z, and closcd at 's Ito tuuds,
5s ruse to TUX, asll consolidated II to III
llotus, Wntcrtuwa d Usdenspurg consolidate.
brs1s were PROMINENT IN thu dealings
and advanced from II 10 49,; Gil
raso Il Northwestern consolidated Koltt coupon
sold III 10 ll2: Nov jcEseY Censral conyertibl
assented 10 ot11; Denver Il Rto nrande arsts |;
M; 1t. Paul consolidated sinking iumls t