, 1879-08-10
Governments a Trif|e Firmer--.for-
eign Exchange Steady.
The Chicago Money Markst-~-F1uctua-
tiors Of Stocks.
The Produce harkets Firmer, aud Rather Less
letiTe~-Prosisious Stronger--Carn in
Coed Demand.
4 Reaction in Wheat--Mogement Ct Prod
nce During the Week.
FINANCIAL.

Government bonds were trife frmer. The
Is were Il higher, at 101A bid, the IS we're
1o42z, tue IS lo255s, the 4199e 10S. Business Was
light. The best way to realize the present COZ
aition OF the public credit and the Government
bond market is to look back to last August.
The Pubic says:
1t will help: il we quote from the carcniar ,1 q
Messrs- Fisk natch. issued year aso not at I al
ions we're at that time shared by the Fhrewdest and
The most hopeful. and their very active part n
Them to be specially well informed, but TO show
how much more rapidly the Government nas pro
crossed than any one then thought posstoae. N
to sell largely. Ncssrs. Fisk & Hatch said:
I'VE think 1heretore tha, TIE holders pr 1i tne
tinrauce OF their investment und,stnroeo 1or iong
Term OF years and that in estimating the EeIaive
Of the raros 81 nav
thai neither the 5s Of 1851 nor the 1o-4os ase
likely to Be redeemed in less than fro" ten 70 nj
Wiih:n nine months the very gentlemen y who ex,
nrcs.rd 1hjs opinion Joined with the First National
Bank in making the largest oio ese5 :Ssois ~ 9ho
1910 bonds in one week 70 tnem, ssat a@o'
The thing would nave seemed utterly impossible.
FOREIGN exchange was quiet, with moderate
offerings Of bills at unchanged rates.. fosteo
rates for sterling were 4S3 and 4S5. In chicago
actual transactions we're at 4S1&t@4e34' Ne"
York actual rates were 4S2{@4-S115* Sterling
grain bills were 479@4s1h. French grain bills
we're 5a7N@52s15. French bankers bills we're
5225<@59L Commercial bills On 4ntwerp were
onoied at 530M. The price Of gold in Paris and
London has been already affected BY the ship
ments Of gold to this country. The latest price
BY mail for doublc-eagles in London is lbs
31zd: ,hey have advanced to 70s I'd. In Paris
gold bars are now 3@3H per mtlle premium,
aeainst per mile premium twelve days ago,
and X per mile premium three weeks since;
the nremium being added to the fixed price OF
1851 per klograume.
Copsols declined to 81 GIG. The Bank OF En-
gland lost 5125,003 in gold, all Of which was
taken out for shipment to the United States.
Germany recedes from the position it took IN
not sending representative to the Silver Con-
ference at Paris last August Official letters
have been received from the United States Min
lister ct Berlin which leave DO doubt that in the
proposed next international Conference On the
subject OF restoring silver to an equal relation
with gold as money OF account, after the dete.-
uinalon Of the equitable interchangeable rate
oil the two metals, Germany will unite
With this country and take leading
part in the consideration OF this i'm
portaut question. 1t is expected that Mr.
Eyarts will name at an early day set of Com
miskioners to renew what was attempted By the
Paris Conference last year. The United states
Commissioners at the Paris session were Messrs
Reuben E. Fenton, ". S. GroesbccE, and F. A.
Walker, and the inttmatioa is made that Mr..
Fenton's familiarity With the question will be
tsken Into consideration as chief reason for bis
appointment to succeed Mr. Welsh as Minister
to England. An importan: step toward new
conference was quietly taken some weeks ago
b9 our Government in sending Mr. George
Walker, OF New York, one OF the best posted
If American bimetallists, to Europe On secret
mission for that object
At the Chicago banEs business was moderate
ly active. Clearing were s3,9oo,ooo The coun-
try orders for currency have perceptibfy slack
ened since the decline in wheat. New York
exchange is in good demand. Discounts are 1n-
,ctiye, with call rates at A96 per cent and time
:ates 7@s per cent
A&