, 1879-05-09
Another Advance In the -Four Per
Cenn--Foreign Exchange
Stronger.
Prospects Of Idle Money In
Chicng0---StOcks
Firm.
Tho Produce Markets Active. and gener-
ally atrongor~--lard and
Grain Active,
a Brisk Shipping Movemont, Due to
Lowor Freight Rates.



FINANCIAL.
Tic market FORA per ccnts shows no 1oss Of
strength, excerpt 50 far a. the Aalc Of the re.
funding certificates intorfcses with that OF bonus
Of small denominations. The price Of
a. III The Chicago market Inns advanced
10 102 bid and 1924 asked. Tic 6s OF
1881 arc 10c1}f and l07N. The ~ per cents,
now selling at 10Gas{Gl10155a, arc relcsnlablo 1T
1891, anil tho per cents not TIL 1902. Tho AZ
lave Il yours to run, asd the per cents Twenty
eight years. Taking tic 4]1s rs the htatlt!Rr0,
tho IA on the basis Of an equal return are worth
betwecn 104 and los.
Foreign exchange wns stronger, without any
changc In rates. Board Of Trade stuff Is now
going forward In larger quantities, anu tho sup
ply OF bills will bo Increased. Statistics Of
forct9n trade sl,ow decrease In exports rs
eo'npaseu "'sn n ias' '.a'' ,' ..,u eAposss !f'h.
5000, I'll, against "a, $50 D57 for corresponding
wcok. Inst year, Since Jan, /, the total has
reached Sl09,5l7.Hlb, against s1lb,HS4,D21 Tor
sanc nerIofl In 1878, In Chicago sterling grain
,,,s ,roro .e,a< Il, o,1.1av ,,,1,. ,r5 dsct<
for sight, and Fronch wore strong ut 61054Ge
6o3sk far f,0t1nv ht,le. The actuai Chicago ratcs
the actual rates vcro 488s< md 1851, Tie
rosted rates for storluv vcro s37k md $50.
French baukors' bills wero 5loM mud 5l5, and
oc,ua1 rates wcte 5l8x for 6O-days and 6lGh on
dcmnnd.
In consols there WAS q had break nt t,,e bertr
nlnp Of business, The ouenlnr quotation VIVA
m 11g ngatnat % g-1fJ Mt the close m Wedncs-
div. but Tic price ruplalv recovered. mud lnal,y
closed at 90 lilo, or Il bcttor than t,lc day BE-
fore. This brings these 3 per cont securfttcs
within h-1t1 If nar. Cousols nro attracting tnora
attention t,,nn any other sccur,ty II, Tic Loudon
, narkct. 1,r,ti.h inanc,crs seam In bayo l,ccn
aa much st fautt nbout tho nrobab,c course of
; urfces as many American i,nancIcrs about 1 por
l csnta. Tho rcmarks Of tllo leading English
paper about consols could be applied to tho
American market for pcr ccuts and other in
vestrnont accur1tIcs. Il says;
The rise Is probably due also to opesator4 for tho
fall diminishing and closing tleir engagements.
speenlatoss Iot tno "a, N ta,s Gass OF security
tie period Of lis commoec tcnt Of the troubles in
tho East up to tho present tiusc. Apart from this
nat "sa m Ia uear ba aoaD
could discover combination Of clrcamstanccs such
% arc nt present forcing up tho price Of tho best
Gc ~ Ind ao 1ocos ~ anch ,orivai ~ s.ao &
as might bo expected within reasonable pcslot 10
absosb cons1aetab1 psonoftion o. tho id!e money
n n "a notnc ra,l,cr tllan mesa Win % d"nhtfu
business. and ,hn rsault i that borrowers and lend
crs alike afo eo,nnetng for tho M only sccns'tes TINT
y'ineasinn III '1's'o "''A 'A' '''a'' VIZ at" NJ"
Chicaqo bouks haye little demand far ,hc,r
lonnahto funtls. but there IA not ,nuch of R,,r.
MUS. The May sottlcmepts l,oyo taken n good
nart of tlo tltsposable funla. But. IA a,ufY Inns
now begun 10 move ont freely. thu nrosncrta nro
lint the 16cal SUNNY Of tiilo noncv viii bc
1arro in n few ,recks. Rutca Of tlsro,,nt arc d
t;e7 mr. rent or c,l1. rhc cnrrcrt tinc.r,te ia >
G5s ncr cont. viii, smnll transactions Mt s167o
f~r rant Thc 1cnnm, for Mas, York cvoho,,us
IL strong. anl shipments of currrnry or, ,1oi1v
1nodo IT, Ncw York. I,onk cIparnra ,vera
saan nm
T1,o nrlncIno, tran.ac,Ion IN ,oca1 secn,,,,ea ia
tmnortant fnr m advance m ~ nrovIoua onnta. ~
,saps n, - ~ 80 "nn S,"s ". plss'us '. u.s., q'o.a.