, 1879-03-11
FINANCE AND TRADE.
Governments Dull and Lowers-'
Foreign Exchange Quiet.
Uhicago Finances Dull---Thc
=. Stock Market Steady.
Tho Produce Markets Less Act
i've, and Generally Easier.
A Tatr Ruaineas In Provisions'-
Whoat Tams---Hogs Poor.
FINANCIAL.


FINANCIAL. I
Tho Government boud dealers find tho dc.
mand for a-pcr.ccnts slackcn!ug, md the local
on,u.on ID tlnt tho business 1las pissed It's
mnrtmum noint Prices showed slight de-
ct1ne, The Gs Of 1881 were down from 10dl4 to
tDo1S: The 5.a0s Of 1867, irom 103 to 101}a; tho
bsos Of 1865, from loa14 to 1G.11<; the 1o-ios,
fron 10,4< tu 101sx; the new is Of 1851 were
lux; tue 41<s, 1U5; and tic 4.per-ccnts, 100 to
100N. =, mn
Gold ID nomtna1ly quoted at 500 per 1000 |
for largo amounts, and 1ooA for small LOTS but
the quotation Is nominal, az there II no de-
mand.
Foreign exchange was steady. Ch[ca0o bills |
wero scarce. Tllero ras no change IN Chtcaao
rates. Sterling grain bills were 484, anl French |
b1l,s SstM. Tho nctuai Chicago rates for sser- |
ling were 4seA anl 4S0. In New York The actual
rates were 4SoH and 4S04. Tie posted ratos
for sterling we're 487 aud 400. French bankers
bills weFe 5164 and 5l8a{.
Tho cable quotations Of conaofs, which re-
n1atucd ali dag at p8 7-0 Indicate that financially
tie London situation Ia strong, however great
the tnunst1ini depression may be.
Chicago bankers reported Light demand Tor
dlscounts, leaving on their hands aa Increasing
supply OF 1oanablc funds. Loaus have been
mudo on call on strictly cash collaterals at the
ratio Of por cent per annum. The rate for tins
loans ranges between tf,e extremes Of 8Gslo per
ceut. Tue currancy movement is not heavy. In
or out, and the country orders for exchange
waro moderate, Bank clearlngs wcrc S2,eo0,Mo
There Is . good inquiry FOR local municipal
securities, but thcro Is no supply. Prices are
rising, but have not yet reached point high
enough to call out tho holdings Of present own
crs. We now quote Chicago CITY 7s, long, ut
11Ox and interest bid; Chicago water bonds.the
samo; Chicago per cents, long, 105H u1ld 10"
forest, bid; Cook County Is, long, ITO bid.
There has not been mnrket quotation yet
made for tno new Cook County 5 per cents.
Lincoln Park bonds arc 1861 anl interest bid;
West Parks. 1034 md Interest; and
South Parks, 1oax ar'd interest bid;
1870 IL bid for Chicago City Cas stock, without
takcrs, anil city scrip 's VIZ to %. Chicago
dealers hayc, been buying largo lots Of Cook
County and Chicago City bonds in New York
uifd DostonRt the highest prices, and are hold
Ing them for further advance.
TIC stock market was dull, Without. my
noteworthy Tendencies In amy direction. Tho
action OF. tho Western Union Directors IN dc-
claring only the rcgutnr dividend ot ~ per
cent, and entirely ignoring tho "popu'ar" de-
1nnnd for ilat dividend, Ind anything but n
etimu!Ht'nts eheett h''o n!oI ~" ~ e"ot ~'
There wnA m ansaneo IN 7s'en'Sau NenttaA atu'n
STl6 to 8S1, In Lake Shore from 7l4 to Il9S,
in Northwestern common from S31 to 53A, in
st. Paul cou,ulon from 371k to SIX, III jersey
Central from 3s1Il to Bs94, In Western Union
from 10i16 to 10431, In kansas i Tcxas from o1
to9M.
There was decline In Northwest preferred
,rnn, es,k so ss Ia st, Paul prclcrred ir.u stk
- sh1< n r1r,on pncl;e from IA TO 73s{. in Wa
80 Iss -. " So.| ~ oni% 0Io &, M,v.,,simn fron
uaaN 4toul <o5h " "u{{a, ono ~ 4''Pn'ns.pp' 'A ~
liz to 10M, T., c., q. d. l. from 4tt4 to III
1,a1,x-o~u & t1,,,,ao,, Al II, t19S AttnutIc IL In
1GtA0At3 ~ sA"AD0H - w ~" -