, 1879-05-07
FINANCE AND, TRADE.
The 4 Per Cents Weaker...Foreign
Exchange Dull.
Quiet Day Among the Chicago
I}anks---Stocifs Stronger.
Tho Produce Markets Active and General.
u strongor-~-Hoga Lowar--Pro-
. visions Oloso Tune.
Wheat Excited, with Fears Of n
Squeexe.- Stocks Of Grain
in Store.
FINANCIAL.


.----~--
r11ANf,rAr-
-.
n,,., -.,. ,o,x .,,,r,,v IN f3,v.,nu.rf honda.
~ .,,,n ,a,,,s .howcd .o,n. ,roaltneea r1,n
s"s hn,or. s nm ..,s,r,, mira IN Now Ynrk ,soa
init ~, i, va. mi 1,e,, y,,.er,1sy higher than
7t,,L IL Chtenro, lie q. of 1RYl were 1oetS hid
as}a. ,oa,I asL.T. ,hc ~ r., 1se1 van tirsl<Gn
1r,,<. .o AZ. ifs;.< nm, M. au1 tho IA. ttlia<
~ :',',, ,r,tl sstci r.tn forrtvn dcm,rt ~.
,,,,..' NV :, nc rros,uv trh. + linden T,,,., n
k,,,I, ~ rnoorso1 t,et t,nt,.1 sta,,. ncr ccnt
.f,,;;a.1 1,,5. van In octtpe dcr,,r,. ",u1 thc
. f1nhsr con.ols M n, ,nore likc1v ix Tim currcnt
~ t,rs.,rso+ -, hn 1t,ort.1 r., .,,ct, ,nr,1. n.
tho.a Thn .nr,a ,,ansr 1,,,n,,s,,ns a ron,mu,,rn,
tia, :, ,,hi,h t,,c rr,,ar .ov,.
Th,, :, nation,1 dch, shnn1d m ,.ducea by ncn,,v
one fonrth liz whoo amount in thirteen years willis
~ the same period te annss i,p tlc dshs
3,retnsry II II Writish tsxpaYcnr; hi cnmuatlson
of tl,o doit in cerercncr 10 tho population dlselo.ts
etili more stssnG tSsn Ill., e snows ~ tGat ny
s4i II in i87s Wills The annual interval Of thc
daht prr head has fallen frnn. S4.2tl in 1sU5 to
$!.D3 IN ind1' feo'caon oi eohslae'"o'S more
~ .,s..n, ,,,t ,,.eo In to-o,,,, .~,,,.,ro .~
1900 .,,,t Fr,nr,, ce,, n,crcto, hIs vcrr ,trnurnr
nss,s"s. ~. .an,o In rn,can, .tor,,u, t,rs,,,
I'm. .saro aas< for sf,.dov i,,tis ami dS;a[ for
~ r1o,S.lroos.
~. m s., tf1s ,rto ac,r,1 rhIcngo rsto. ~
~ ,s,. ;,..n S 1uatl s,.1 as.s< T., NM w.
49, .o.',sl ~a,os ..cr, asoi< and 4a7a< Th.
posted rateb for sterling were 4S7 md 4Sa11f.
Trench baniscFs' bills we're 5lDN and 515, nul
actual rates were 5l8ts for G0daya and 510t{ on
demand.
Consols opened nj os 1916, md declined to
D8 1916. The London T7nlts compares the prcs-
ebs condition OF the money market with that
which prevailed in 1876. On tho 10th OF April
in TINT year the Bark OF England reduced its
rate to per ecat, at which point 1t continued
till bIay s In the following year, whcn 1t was
raised to per cent. This official rate, however,
l,y no means indicated tho state Of inactivity
into which the money market had fa1lcn, fur
money in tho open market sunk steadily all
through the summer and autumn OF 1876, SO
that bankers were able to ALLOW only one-half Of
] pcr cent interest on deposits. The 7imes
thinks tho money market this year will be as
easy as tl,at of 1916, II not easier.
Chicago bank clear[nys wero 80, 800, ,00O, against
e4,OO0,0D0 the day before. The DAY " as O dull
one IN oil departments. Shipments Of cur
rcncy we're malo to New York 10 meet tho DE-
msnd for Now Yark exchange. Discounts
were In only modc1atu dcmatl. Rates we1o
GOT pcr cent On call 1oans and los per cent on
limo looms, with SONIC transactions at BGn1O per
cent
There wore sates of Chicago ia at 1l1l<, and
of Cook County 5. at 1O1,
stucks wcro actlye, with tho ten1eorv of
leulnra in fayor Of tin Vanderbilt nu,1 TIM
Granrcr rtpths, New York Ccntra, wns Btcafly
nj rls1S6o,1o. T,,to shore odv,nrc., frnn, 7YJ[
10 7ahg, anu e'oseo as lt'o highest point OF tl,e
aaS. NoEtu"eS1 eo!h"on oroaea " o4A. lell
oil X. to q ,'al.d then advanced with ntincraua
transactions to OK, closing Mt Ga9k. It, Paul
was nct}yo anh strong, Tho common bcrnn Mt
5ti3a, tulIcl1cl Is, and Ctp8el Mt AK: tile nrc-
1crrc1 went FROM SIN to e5H, sclltnE finally at
E31< Att,r t,o1, ,,or+ Il, H.. oa,a,,o .Y
G'<A' ]t.toa t'o@ Pa'1 III lHe "osa'lec* AhH
Ia perhaps now to he chased Ms
tu,e NJ +be vortrcrh,1,r rboro ,ro. n .n,. ~
eh ,rou n tnI< tr t,r-,1,ors A..