, 1879-04-12
FINANCE AND TRADE.
A Dull Day In All Departments OF
Finance.
Larger Country 0rdera for Currency
Railroad Bonds.
The Produce Markets Steadler.".;Pro'
visions Actiyc---Lard Easier.
Loss Doing in Breadatuffs, but a Good
Shipping Demand for Grain.
FINANCIAL.

FINANCIAL.
The observance Of Good Friday as a holiday
IN Ncw York and London made the financial
situation much quicter than usual. Local
transactions In Government bonds Uert made
on the quotations OF tho day before. They
were confined almost entirely to tho per cents
Mt 09k. There !s but little being dona in the
$40 certificates, as no arrangements have yet
been made for converting them hero into per
cents. OF the 10-40s which the Secretary Of
the Treasury hns begun TO refund there arc
91D4 ,00, ,o00, ,0o0 0o0 registered an'l held
In thia country and $50, ,ooo, 600 In coupon bonds
The expectation In financial circles Is that
the Treasury ia rofundng tho 10-4os will oter
tho pcr cents al par mud interest, less n per
cent, and to call In the 10{0s 10 that the first
call should mature after the lust Of the 5.ssos,
say on July 5, and with gradual decrease III tho
number Of days Of notice. These tessns would
be less favorable to tho extent OF 2o144e on each
S1O0 thnn those made to the subscribers Of The
lass lot Of 4 pcr cents sold AEasnst the 5.2Os
There wore sumc transactions In foreign e1-
change.
In Chicago sterling grain blln were 4ss94, and
French bills wero 52lA. The actual Chicago
rates for sterling were 4sG4@4s794. In Now
York tho actunl rites wcro 4S5s{9l4S0 and 4879.
The postal rates for sterling weru 430M and
48Sk. French bankers bills were 5l714 and 515.
The Chicago banks reported moro active
country orders for currency, but tho movement
Is still IN favor Of New York. Discounts are in
moderate demand. Rates remain unchanged at
GM7 per cent on Gail, 7@8 per cent on timn
loans, with somo small transactions ut S@10 per
cent. Bank clenrings werc s2,70o,ooo.
There was eale between dealers Of West
Park bonds at l04 md interest.
At the meeting in New York on Tuesday ot
the reconstruction committee OF the Ohio g.
Mississippi RoadI the matter Of the Springfield
division bonds md other questions at issue WAS
practically settled. The Company owns 1,oo0,-
.000 of these bonds, Of which $400 ,000 arc col
lateral for loan Of 100000 The loan has been,
or coon Wilt he, paid Of, and the whole 81, ,000,-
ON OF bonds cancelled. OF tile balance Of these
bonds 61,000.0o0 are owned by q party WHO
agrees to canccl $3.50, 900, which will reduce the
outstanding Issue Of Springfield division bonds
to 81, ,250, ,0o0 It is proposed to fund the pnst
duo coupons on the second mortgage and tho
floating debt In a ten.ycar7 per cent bond, aud
finally to take the road from tho hards OF the Re-
ceiver.
The gross earnings of tho Chicago Il North
western Railroad for the first three months Of
this year nss officially stated to havc been:
Gross earnlnRs for january 81. 0o3 a21. 35
esfn}nS, esfnEs fef fof
ee,Doo. :04. .oo
In ratlroad bonds in New York on Wcdncs-
lny, Eric consolidated seconds again led In
point Of activity, s47o,oo0 changing hands ut
os51@6aB@68N. Do funded Is fell of to
701f, and recovered to II while do consolidated
tn f3nrS& n$ DIR ia
issues were strong. especially for Denver
Division tr,1at-recepts, which rose from 10t 10
107]< under purchases Of s17B,00o. Do incomes
No. II 1oso from AK to42} and do No. 18from
~ to 43. 81. Louis IL San francisco class fell
OF to a, and subsequently recovered to IS. Tie
New Jersey Centrnls declined 24 Der cent for
incomes, to 64A; u for convertible aascntcd,
to 8GH; n for consolidated f1Ests aasentcd, to
'e89{; and II for adjustment, to 10lH. Lcl'gh
d Wilkesbarrc consolidated asscntcd woro Dor
cent loHor, selling at o2. Missouri, Kansas &
Texas consolidated assentcd fell OIL 96, to 50S;;
nnd do second. II, to 2o16, but the latter rallied
TO 20H at the close. Rensselaer, g. Saratoga
Arsts coupon advanced ~, to 10; Union paetac
sinking g-funds2A, to 11B; Pittsburg consolidated
einkln4-funds !, to 116; Chicago s. Alton sink.
ing-funds Il. to 10d,6; Chicago d Northwestern
flrsts Il, to 1o914; Burlington, Cedar Rapids &
Northern hrsts u, to "a; Albany 4; SusQuchan
M seconds Il, to 104; md Great Western sec
ouds ~. to 100; Albany 5; snsquehauna frsts
fell oil to liz, und recovered TO 1l21HS; Ohio s
Mississippi seconds declined from a}6 to o3A,
aud rose to 03s1; Toledo d Waeasi, fissts ex
coupon fell of Il, 10 10a14; do seconds CT
coupon Il, to 801; Gsoat Western irsts ez
coupon u, TO 10l; md doseeopds cx coupon r.
TO 6Q1S,
Tie Norn Silver Mine. at Fr1scoc. nenyc.