, 1879-06-20
FINANCE AND TRADE.
Another Decline in Government Bonds
--Foreign Exchange Dull.
Chicago Sending Curreucy to the Conn.
try--Ffuctuat(on III Stocks.
The Produce Markets Moderate
ly NEUTRALITY-SUSPICIOUS.
Steady.
Draadatuffs Easior --- Wheat Ta11e---
Corn in Good Shipping
pe3unul.


FINANCIAL.
Tlicrn VIVA another decline IN Govcrnncnt
hot,tss md nnotter nnnoullccp1cnt frnm the as.
euciatet Press reporter 4: New York that
a(;ovcrrmcnts were aru.h The per CENTS de-
cttacd from 10295 10 lG3i4 bid IN Chicago. Tho
5hs dcclucd from 1u5N to f051f, urd tic ''s
from 1031I to 1G,24. The Is Of 1881 wcre I'M
changed ut 1o73l bid. The funding certificates
declined III Chicago 10 to- bid. Tho per cents
obtained In exchange for rctun,llns certificates
aro now beginning to como on tho market. a
Chicago bank which WIS one of the first to for
wart It's rciundtng certificates to washing
tan, has lust received Its tirst INSTALL
mcut Of boutls far them. The decline In the
price Of ponds Is nttrlbntubct In part to this new
source Of supply. Some persons ascrlbo tic
present condition Of the market to tnanipua.
lion BY the Syndicate, but these stories Of
r]lonc manipulation arc 50 easily made that
little importance can be given them, unless
they hre verified
There were moro liberal offerings Of bills. and
tho foreign e1chango market was weak, on
actual transactions. III Chicago sterling grain
bills wcrc 1854 for stxty-tay bills and 4S7:1 for
slight; and French were $50 for sixty.day bills,
aud Ssh tor sight. The actunl Cticngo rases
for sterling wero 48679{@4s7 and $50. In New
York tho actual ratcs were 4s7 md Astse4s:,,4.
The posted rates Tor sterling wero iS5G1400.
French bAnkcrs' bills were 5tsQ95l7i@.
Consols opened and eloscd at NT BIG. The
uanls OF Engnnd gained $3.Bi0,0O0 III bullion
during tue past week. Tho proportion Of tllc
banks reserve 10 It's liabilities is now 5oI4 per
cent The condition Of business In England WINS
described a. follows by the London Times In It's
financial article Of juno t6:
Difficulties nro tti!l apprchcndct In the provinces
occurred bsI6re now bn1 for !ho fnct tbat Tho pro-
v,uc,al bnnk. n,crestGd prefer 10 ho1p Their cus.
os as shsy sS aes s a
would under ordinary circumstances hayc bocn
failures have. BY tlle he!p thus ot1ones been n
t!ation All this IL well :snowa in this city, aud
nskss ths moacy-lsndc5s ,, ,morc suspicion. -. ana
brisk demand Tor snonry woald probably reveal
enough weakncss Or insolvency IN several quarters
to justify the caution now exercised.
Chicago bunk ctcarsngs were 81, 600, 200. The
banks are still shipping currency to tile country.
but not In largo amounts New York exchange
hctweeu banks Ia above tho point for shipments
from New York. Discounts arc moderate.
Rates remain at A@5 und f,0e7 pct cent on call,
and 7Gf3 and 0G1l0 per cent on time.
There was sale Of Lincoln Park bonds at 1o6
and interest, and another at 1855 uul interest.
These bonds become 'reaccmnble In four years.
There was not mitch activity In stocks, hut
pt's.s ,uu e ~. s'1ss - 49, 49,. nsasa"
~ ~ w . ~ s,s."u ~ .t .
auIs'a .,,"t -. ~ ~, , ~, ~ ~ ."e
s, s1a. ."as "as ~ ~ ,' H. ~
,'.,, -, o. uar ~, "a n,.noa,, w a1 y. -
e'."a horo Laan r,esn,'v h,a,fa ".@ ,an
.'....@,...,, Nar,,,,,oa. ,.s. .t... 49, ~. .,'S'
announcement TINT tic earnings Of the
foP In rRf $hPan 1f Iva
toau ~ ~ n1eA tNes uaya :" 1"s
n ~. ooo W. ae "uno a" ~ any ae4eas1 ~, ~
s.o'' ns ., soum ,""e '.a =, ~ eS's'-