, 1879-01-16
FINANCE AND TRADE.
Increasing Movement Of Currency
to The Country.
Foreign Exchange StronE-.-Tho
Stock Market.
rbs Produce MARKETS 1rragulaTly
Tirmer.-.Braadstuffa
Quiet,
Provisions Active and Buoyant'
but Close Easier.

9TCEi9lOn8 ACtlVe d1aA A'A~ | (
but Close Easier.
FINANCIAL. E
f,oyerument / per cents arc still tie Enatn At {
ttort,on 10 investors. Since tho transactions III
|bc,c became 80 large, the demand Tor the other
|ssues ha4 heeu aimost sdspcudcd' fffees s"o"
sey,c change The 6s Of 1881 adsaoeeh @ aso..s
IoGk to 1n64{; the 5.a0s OF ls5s te'l trofn l",A
to l03k. IN consequence Of the large eai!s lof
refupdinr; the 1o-ios declined from wy 10
1nzix. Tho new 5s of 1881 advanced Il, to
NIX. an1 the now 4<s i, 10 10555f. The cur.
rrney O. went up Y, 10 look. stuca the close Of
i,,t 1nonth. onc-seventh Of tho per cents then
has been called in. Tho New York
1por'd makes this calculation of tho relative III"
merits Of tho different Government
Issues:
Tho currency O. mature from 1906 to 1s0o s!s nna @
havo aveIa9e Of eeh'seG @ ,e IT. 1ey
net nea ee, eG ] sooSe ths present prce mature
e.. 81 p! ~
rries px. interest. ts ahont l9t.et, anu sntts a. !
se,s ee, hfTs Tss q e ,ss .'
INK at I0aA ex interest," should ran about thste az
ys's, ; 1p is ST. 81 e. :eta"
ubont 10;;. OF ex. interest should run Ax Seata au
sfeIs y ns.s ~ saef IT. E. sss
s S e. Ss ss
10 bold 10 eount upon that: Taa @ pss eeni' sa'
1907 thsteso.t at pas os nn1 s@n1 1anyh,ns
e1ccut liz 4Hs ind tho currency g; and the
6sss 19t tSs: ss1 Ssef
Tho u,snJs at most buyers.
Gold ia in VERY light demand. The price Is 4 |
Of I per cent premium In Ercenbatks. |
Foyctcp exchange was strong. In sterling, !
actoal transactions were 1T 484A and 4SS aud
tho postal sases wcrc 4s5 and 4Ss}4. Sterling |
r1alu aud commercial bills wera 482A In cur
rcncy, and French grain and commercial hills
5a3H IN gold. Bnnkcss' bills Oh Par's wefe
5.0 and SICK; Antwerp, 521k and 5t7h: c"n-
,nereial, 525 and 5ea'A; fsclchmaFk. VA and "
commercial. p4; gul1dcss on Holland, 10 and
40,<; commercial, 3vs{. Large ratnittances 10
Europa 10 nay for Government per cents rc-
turned In anticipation Of being called, and do
creased exports on account Of the storm, arc
the CAUSE Of the strength OF the market. Tho
Chicago of1crlnEs Of bills were moderate.
Consols opened and closed at 90 BIC This
quotation ia favorable sfGn. but English
duanciers arc looking With some dtsauietudc on
tho fact that tho banks soser7o Of otca Is lower
than It has previously boon since 1906, ihe
memorable precursor Of tho "Dlack Friday"
year.
Tho Chicago banks are receiving targcr orders
from the country for currency. These orders
come mainly from tho stock regtons, and 'nlt.
cate freer shipments Of hogs to this city. IL
there Ia arother heavy fall Of fnow, the move
tneut will bo checked. Discounts ore kept
moderately active by tho applications from tic
Board OF Trade. Ratcs remain Ut 6t37 per cent
tor call loans, and 8G1l0 per cent for timo loans.
pankclcastnea were %, 100000
stoeks wctc excited md irregular. Tho up.
ward movement received several Important
cte.ks The failure Of Martin, m active, though
not prominent, broker on tho beaF side. had q
depressing effect. 4. T. Flowers T. ca. were
selling Nlluoia Central. anIi William Heath q
Co. buying Northwestern, and thcro were sotnt
largo purchases reported Of st. Paul* Tho CHI
sago obrokers are doing good business, maln'J
10 Tho Granger stocka. Michigan Central de'
j, tlEuea l. TO 755{; f4ako Share ", to G996; North
western preferred Il, to 80s$: Illinois Ccntfn! n
to SIN; Alton preferred Il, to 10Si untol
Pacific x, 10 Ct: Eric n, to ~; Wabash i, t,
u; Ohio Il Mississippi ", to 81; St. Joo u, II
l3x; Lackawanna, aftar soltnE as high rs 40 dc
rltncd TX, to ~: Jersey Ccntsal u, to o9l
Wcstern Union u, to o5k.
It Will be noticed that for most OF III
prominent stocks tho day was iosiDg ont
These was an advance In at. rau's, for tho cor
mon, Of ", 10 BoJ@: mud for tho preferred u
TO Tx. There WAS gain Of Il Ii Rock island
Of " in Alton, to SAX ;ot II In C.,C., CD l., t
s5H; Of " in Delaware d Hudson, to AN: I
~ iu Cauada Southern, to 4B't, and OF 11s in 8
Louis, X. C. Il NJ, to B1ff. Purchases are be!H
made Of this Inst stock IN thu calculation th'
/. will rise II the Wabash scheme OF an outl
10 Omaha oyor the st. Louis, X. 9. d N.
carried out. -.........
Northwestern gold bonds vera 10D15, ard
Paul Sinking Funds, 10ls{; Burlington, ced
llnpttls s. Northern ID were Tx.
In ratirond hon,is, Ia New York on Month
there was aa active business at adgahc}t
prlces. The Nov JorscJ Central tssuca led i
upward movement, aajustmcpt rf1fnH a3'o
1 per cent, to o.; consolidated trs
asscn.cd, ~, 10 TX, and convertible
asscntca, !. to II. The closing sales we
ct d reduction Of .31N per ceut. Chicago
Northwestern consolidated go'A commons werp
brisl: demand. md advanced from loaSs to Il
81. Paul, LaCrosso Ntsfs!un, rose to to3, Nor
h Esscx seconds to no. Hannibal i st. Joso
rouvcrtblrs 10 1E]}{, Burlington, cedar Rap
t. Northern irsts TO TN Boston, 1lartif
& E.ie Arsts to Eti{, Clnctanstl & aprtugd'
arsts, guaranteed by the Laks Sho
10 81, South Paclac hrsts to Vi. Qufr
L. Toledo Asats, ex coupon, to ", 1.eh
f. Wi'kesburrc consolidated assembled to ~
Ohio s. Mississippi consolidated 10 l0334, .
Central Paclacs 10 107A. Denver + Rio urar
orsts fell oil 10 Dos{. Toledo j. Wabash e.
,ol1datcd conyetlibles fell oil from G113 IL
,nl recovered to b9N. c.. g. i !, e. fl
eo8e to OF, aud do seconds ts' ls3{, tut
former subsequently declined to coz, AMI
lattcr 10 IL. Cedar Falls ~ Minnesota I'll
advanced from 0l to n}S.
.R,.,.. A,,cs - rat[,os ~