, 1879-05-17
Tta Froduoe Markets Moderately
,,,.t sApstvo,; md aenerally
Easier,
A Down Turn in Provisions and
Wheat---Gtooks Of Hog
Product.


Temporarily checked BY tho lack of q supply at
The sub..rreasury and tho PUst.Oficc. ne"
batch Of tic certificates is expeetcd
ID day or two. Most oi Me
purchasers ecll Immediately at an advance
to the bond dealers, who are nccumlInt1nE tne
certificates for conversion into Is, after Jaly l.
Tho Treasury Department has issued clrcuinr
stating that ths delivery by the Printing Bureau
will reach By the FIRST Of next week s:'NW'oeo
ner diem, The certificates will he distributed
in oropey proportion among the different officers
authorized to sell them, to bD sold strictly as,a
only upou tho terms stated In tho circular Of
Aprit %, The wllole amount authorized - nboot
$40, ,o0D,Oo0, and no more than ihat amount can
or viii be issued. About S13, 00o, ,000had already
heep sold up To May l3.. The Chicago brokers
are now paying l0l3lt@101T for tho certificates.
Foreign exchange was weaker on actual tEana'
actions, although the posted rates remained Tue
same. The depression was attributable 10 INC
large supply Of sterling exchange to be made oy
tho shipment Of tho s15.0o0,00o Of per cents
.ubscribed for on London account IN Chicago |
sterling grain bills wcro 4854 for G0-day bills IN
4ho morning md 4s5 In the afteruoon and /
French were stroug at 5ls9S for 60-aay bills. !
The actual Chicago rates for stcrllng were vi |
md 4s8X@4ssN. In New York the nctuas rates |
.waro the same a. in Chicago. The posted rates
for sterling were 4sS md 46o1S. Freuch bank
ers' bills wcrc 518X md 51311.
Consols were DS 1916. The Bank Of England
ro.ncd s58D,ooO IN bullion. Silver wns so penca
pcr ouuco In London. Tho market 10 strength
oued by the plan Of DR.. soctbccr, of Germany.
the influential adviser Of tho Government IN Its
silver policy, for an Increase Of ths German silver
coiuago onc.half -.-...., 49,,
At the Chicago banks business uas not acttGe.
The miscellaneous demand for loaus ID only fafr
Sone heavy Board Of Trado loans nru being re-
maid, md the loanabin Burplus IL increasing.
.Rstcs arc G@7 per cent on call, and
7G1B ncr cent on time, with aosnc
crceotionat call 1onus at lower
rates, and some small tinlc loans at sG1t0 per
cent. New York exchange was Ia larger sup
nv, on account of the shipmouts Of graln. The
currency movement was not heavy. Bank clear
1ngs wcrc s. 100000.
In local securites, tho prlnclpal transactions
were In Cook County 5 per cents. These wcre
sold ut 10l@1014 and interest. There was a
salc Of Chicago Is OF 1884 at los, and Of Cook
County Is at 10791.
The fluctuations In Western Union gaye tho
stock market an excited appearance. The
opening quotation WIS 1l0k, there ~ns an I'D
vunce TO III. n subsequent decline TO 111sk. and
finally close at 11s. The long-c1uccted INT
dividend Is mado tls basis OF the rec, but
deeper han this lies tho facs TINT the earnings
Of thr Company are largely increasing over those
Of last year. The renewed rumurs Of telegraph
opposition prove, too, that struggle is going
on IN the street over the stock. Through
out the. rest Of the list there was
great deal Of stcad,ness, with q
iu others. No quotation WIS nude
by ticker on Kansas Pacific. Alton declined
from 8414 to 8i56. st.. Joe huctuascd between
2ox aud 195k, closing At 1016. Tho price of the
stock ID favorahly affected by the improved earn
ings now being made IN spite OF tllc war In rates.
THO increase 10 carntuEs Is due to tho largo
amount Of freight now hurried forward to take
advantage Ut the cut. When rites arc restored
IL will be found that most OF the summer busi,
ness has been done, nntl nt great loss. M!chi
gan Central declined Y, to 81 iS. and Lake Shore
9S, to 79h. Northwest COMMON advanced
from 62s4 to 6s4, md the prefcrreduent dowr
95, 10 044H. 81. Paul sold down IRON 4s4 te
47H, md up to 467S, closing at 484. The pre-
fcrrcd lost II. to Ss11S. The Now York Etenins
Posi- says that on Tuesday many orders wcrt
received from wealthy people in the West It
buy the stocks OF the 81. Pau, and the North
west, several Of these coming from those VIII
tco days ago regarded the outlook ~ unfayosa
bic, and who did not then bellows lii tho curren
prlcea Of atocks. Rock lstnul went up u; tt
1854; Union Pacific gained II, to 747s. Erle wa
weaker, md sold doun from 271i to s79S, closu;
honnd fretr,,t rotc. n srcomn,,na ~ ~ -. aea -
ccn. weaxuc.. n Fr,c 0nS ID ho,osoa @ ~ n na =
1ntrr,.rsd VIII r,or -, ,hs ,a,,a,ss. ~ ~. 1S, .,a
.his .tocE rtont am.,t vnra,1 !. sant', - ~,
n.sh H. II ~ Ak s+ls.'s. .a,,."., ,.s' "a
h,a< n ss cnd ao1a ,,soly ~ nsn 1,n,s,.sl ~
Hmdson rained ~ ID 47g6. md Isrsry Car IA
II. to47{,. Kauess e. Texas opened It III
If tbI: stocx m N, r,,,nors - W. s.ircj,sse n
tho ChIca9o. Duritnrton 4 o''scy, Kunsu
CItx Nort,'.x, iuatL - ,xEsa,.l ,hs ~
fnrTe, ". tn 4aa<, >''
Nortnwes,ern mid bonds vsre 114x. a.
Paul ,,nkInr ,n,,tts. 1o7,<: DurlIuttsn. cet1n
Rautds 4 Northrrn, s1,S; md Alton gol,I q.
1lh MIsaoar,. Kausas i Tan, arsta wcT, ~
and tho seconds 81, Dsnyer 4 K,o Crumbs noIt
-. nxs<<aa,