, 1879-08-02
Governments Variable ..- Foreign
Exchange Weak.
Finances in Ol1icaqo---The
Stock Market.
The rredurt Earktts Moderately Attfrt, and
d.. 8ltadIer--.rork md Wheat Higher.
Corn and Oats Easier zee Freighta
atrong~-6tocas Of Produce.



new 1ork hna lo2 IL en'caeo' anu 'o;aes,"ss
aa1ea. hhtet u!eic "as ues!'''o !" 1's" 49,,
TO ~. bnt "h'en naao noollle,eleo ~ '..e ny
caEo markst. The es were lp4A' t'c os io''
thc 41Ss lo"11S. Ihe NC" 1osK "oFsa sass'
Washington d!spatehcs repent that $lH goo. oGo
EN- o.. "se e. S n@'t rancnt %p that I'M len forties
all uf which have ccuscd 10 hcnr Intcrcst, III
propes tenfe OF inc wora ~ ,'.t,,. or hsnk
in tns msstcr, tho Comptroller .ho,slIl promptly
collect these overdue bonds. h9ld sufficient sum
~ H. @ an. snS & ,ese III
thcr circulation is reduced 10 tho extent OF a,l te
notes against which icn'sortIcs "efc hed'
Business WAS light In foreign exchange, and
the market weak. New York adviees represent
that the demand there from importers a,d
others for bankers bills Is at the minimum, mid
TINT tho supply Of commercial bills ia very
variable. Salcs Of future commercial bLlls have
been heavy, nntl arc tho main cause Of the de-
preston Of the mnrkct. Posted rates for
sterling opened at i83h and 4B558. a,1d then de-
clfned to aS3 and 485. In Chicago aetual trnns-
actions Tcre at d62A and 4844. New York
actual rates were 482H and 4344GI+S4t4. Sterling
grain bills were $50 and 4S2. French grain nils
were b97h and 525 Frcnch bankers bills wer'
hs22M nl,d s20-
Conso1s opened md closed at o. 1910, Tic
Bank Of England lost $ooo. .0o0 III bullion.
Chicago bank clear!ngs were S3l00, ,00U. Tie
country dcmnnd for currency Is growing. aud
shipments arc heavy. The flow is largest to
the southern part OF this State and 1ndiann,
where tho crops have been gathered. New York
exchange Is In fair demaul. Discounts remain
quiet, At Ago per cent on call and 1Gs8 per cent
on time.
Fifty shares Of Chamber of Commerce stock
! were sold at 90.
Those who looked for q reaction in tho buoy
mt upward movement OF the Wcstcrn stocks
wcro not allowed to sec It. Northwest and Bt.
Paul both advanced, mud there was nothing no.
parent 10 Indicate weakness except the
decline In Northwest preferred, which
can hardly be said to Share io the
speculative excitement which Is pushing I'D Tho
conmop. Northwestern opened at m advance
OF Ac, at 744c, and closed at IS; tho preferred
declined u, 10 QSs<. St. Paul common began
where It left of on Thursday, at OK. declined
to OK, and then wrnt easily to G84c, where 1t
rested, though 1t lid not aecm tired. The rlso
IN these stocks has apparently taught nothing
10 the bulls or the bears The Inter insist that
tic rise Ia prcpostcrous1y rapid, and declare
their utter disbelief in the promised dividend On
st. Paul common. The bulls point to the
$780, goo surplus shown in tic last nu-
Hull EcpuELt n1lu Claltn lH1L II uel0nE8
to the common stock, and point out that to pay
AT per cent dividend on st. Paul common will
require less thun 5000, 900. This they think It
can cas'ly make up. But oven the bulls appre-
hcud serious reaction In so rapld an atiynncr,
Kansas CITY j. Northern went up moro rapidly
than the Grangers. The common gained q, to
201S; and tho preferred Q, to hBT. Wabash and
C., G., c. d ]. shared IN the aame improvement.
Wabash gained 15S, to B8H; and G., e.. c. ts I,
1ss. to dl15. The other gn'ns were Michigan
Central II, to sly; Lnkc Shore ], 10 sleS: st.
Joe preferred ees, TO 4814; Jersey Central y, to
5s13; and San Francisco preferred e, to Tx.
Northern Pacific fell AWAY B, to 1915, the COM
mon remaining ut AK. The stock las been nut
on tho New York stork Board IN oricr to mar
ket the large blocks still unsold Of the common
and preferred. md tic Initial trading at an adj
vance Of . OF cents oycr the Philadelphia
prlcea can hardly be considered gain On tho
merits Of the property. Tho other losses were
Kausas Pacific u, to 50JS: Kansas & Texas N,