, 1879-04-11
Local Finapccs---Sa OK 5 Per Cents~-'
Tho Stock Market.
The Produce Markets Generally Weak~..
Provisions Aotiye.
4 Downward Turn In Theat...0ihtr Grain Lower
IN Sympathy.



Sherman prcfcrs rcfund!ng of tho 10-f0s, now
that thu 5o0s arc ont Of the way, md does not
seq any advantage In Tho proposed legislation to
enable him to 70 into tic tnarkct nnd buy the
o. OF 1881. With regard to his plnns Tor refund
Ing tho 10-40s, he satd, In New York:
II. \ short time. as soon az tho market sottleF
shal offer pet cent bonds 1or sale TO fe1nna ~
doublc iniesost. DO mt 700 1t present how can
sanaa III .seG I" as7 pfee ninety
days net,co shopld bo Sissn before .e 70 s,a9 Saaa
@ha int 9o aw sanss eaot 90 e
calcd tho attention Of Compress to t1Is In my
annual report n nscom6er 1nd shiGnRly r. y,cnns
10 thirty days. Tho llouso after considerable Dc.
lay passel such '!'l, and tho Senate did not t1ko
y Is TO ;o apply tic money va receive toonsr.
T1o Us Of 1881 were steady nt 1854; the 10-s0s.
under the influence OF the ca!t, declined Il. to
1oo3{; tic new is Of 1881 went down Il, to 104A.
Tic 415s wcso unchanged ut 10l3{. but the Is
were Oft Y, to g014.
Foreign exchange rates were affected By the
reduction in tho Bank Of England rate. This
brought The demand md the sixty-day rites for
sterling close together. liners was not large |
locnl supply Of bills.
In Chlcago sterling grain bills wcro 4S4, anil |
French bills waro 52lyS The actul Chicago |
rates for startling were 4s8A004sS. In Now |
York tho actual rates wero 4S0G1JSU1 nl'1 d67s{.
Tho posted rates for sterling wero 4sU11 and
4Ssk. French bnnkcrs' bills ucro 5171f and 515.
Cousols sofd at tho extraordinarily htyh price
ot98.' The case in tho London money murkct,
and, as we'll tho duilncss OF tsadu n,,d Industry
in Great Drtan arc to be seen IN the Reduction
Of the Bank Ut England rate to per cent. Dur
Ing the week the bnnk las lost so,015,00D in
bullion. The proportion Of its rcscrvo to In
bilities Ia ~ 1-1G per cent. Tho Bank Of Franco
Ealued 5000, TOO in bullion, while tho l}ank Of
Germany lost $2,073,0c0. Tic London Times
satd on Monday:
Prices Of nil -c1ass securities n7c 80 high TINT
capitalists ut their s!ts' end to knnw what to
are Obliged 10 refuse large deposits Offered from
tho rroyInccA on account Of thu tn'possth!!itY q
a9a us1s Il pcr TasSs ssaa
At tho Chicago banks the business Of the day
wns not actiyc. DaEk cleargs Of 81, 500. GOO in
llcatcd q restricted volume of transactions.
Lonna were In moderate dctnun1. Rates were
5@17 per cent On call, 7G58 per cent or time, With
some sn,all transactions at 8Q510 ncr cent. Tho
flow Of currency 10 now In favor OF Now York,
OH aecouut Of tic stroug demand fur New York
rcmfttauces.
Tnero waa n salo Of Cook County per cents
at par md interest.
Tic North s!dc City Railway Company yes.
tcrday began tho payment Of d III per cent
quarterly dividend.
Stocks wore steady viii, slight tendency to
rise. The uncertainty about rates In tic South
west koeps thu atocks OF the roads IN tic Kan
sua City buslncss depressed. Alton sold hero
ut IS, mid Was quoted III the New York market
at 76H and IT, st, Louta, kansas City &:
Northern declined from BH to y, autt tho pre-
d.. faFrnf an1f1 1nNt nx m INIT IN ut
st. Joe common went down to AK, the pre-.
fcrrcd to AN from 4asl. The market wns
ratlcd during the day by Jay Gould, within ytew
To buying at Mn advantage. Michigan Central,
under Ills attacks, fell away from S31 to Biz,
hut closcl at s2M. There was eain iii
tho Nutthwests and St. Tauls. NORTH
west common opened At 0o5S, ind
closed at G31S; the preferred advanced
from 0l n to o116, md st. Paul common from
4131 to AK. st. Paul preferred ranged from
89}3 to 811{, but opened md closed ut &C. rI!c
special feature Of the day Was tic rise In Union
Pacific from 74,4 to 755t on tho ground that It Il
entitled to rank rs d per cent stock. Eric
varied only 1s, aisd opened nnfl closed ut 25Sa6.
Wabash continues to droop. under tho uncer-
tainty as to whether Cyrus ". Field or solon
Humphrey Is to 10 receiver Of tic title Of Pres
ilent. The stock sold rs low rs Tx, but nj the
ElOSE kut GuGA Ao lo1k* / llG EOhb 6LOEHh
were uniform. Delaware Ss Hudson opcned u.,,l
clnsul Mt 4015, and Jersey Central ut 40}S.
l.ackawanna gained II, to 4Dlf. Wcstcrn Union
wus M high rs 1o711, but closed II lower, ut
, 107h..
Northwestern gold bonds wcro 100, St. Paul
Sinking Funds l031taG, Huntington, Cednr llap,ls
l. Northern 7s16. and Alton gold Gs 10Gt(.
The transactions In railroad bontls in New
York on Tuestlay wcro smaller than OIL Mou.lay,
and tlc course Of prlccsf was Irregular. rlu
largest dealings wora In Eric consolidated sec.
onds, Kaasas 81 Texas consolidated asscuted,
and Canala Southern Arsts. Tic first nallsctl
fell oil from C07z to 90, anA rallied to G35, tlt
dealings footing up sis3,0oo. Kansas q; Texa.
consolidated nsscnted declined from 10 to 59]>S
on sales OF $40. .0oo. CanHaa Southern tlrsts utl
vanccd from S096 to s01z, oil purc!'ascs o
$l7S,00o; New Jersey Censral adjustment ros,
from 10l to 10l96; do coprortfhlos sold at
103}S. Tho lust previously reported saic WI
nt 07N. ST.. Louis Il tau Fral.e1seo Glass Is I'D
yanccd per cent, to 45; Chicago st. Paul &
Minneapolis tlEBta a1, to 9G; Chcago Il Altor
sinklng-funds a59, to 100; Toledo, peoria &
Waranw Eastera Division 2, to 100; Now Yorl
Central coupon 1rsts u, to l3l9{; Ohio Il Nils
slKslppi segonds II, tu 9l1; and c., C., c. & ]
q. rsts 1, to liz. Denver Il Rio taraatle first
declined u, to Do144; Kansas q Tc1as secopl
11, 10 ~; Morris Il Essex tirsts l, to 10Y ErI
funded is !, to 7l14: do consolidated Is Il, t
1o5N; Grcnt Western seconds, cx-coupon, III
u S0N; Toledo d Wnbash seconds, ex-coupot
~, tn 6014; and do consolidated convertible u
coupon 8, to 20.
Missouri, Kansas & Te1as Arsts wcra 5s1sIG
oSsH. and the seconds 28N.
Pennsylvania un sloulay waa 35>{13597$
Northern, Pacific common o, anu tho prefcr1c
2s@e22sH.
Baltimore s. Ohio Oil Monday was heavy, Il,
common closing ut 81 hid, 0o14 asked, agatn,
ss>1 lid, 9l asked on Saturday. Tic tlrst III
second preferred do were uolninaly steady I'LL
unchanged.
Atch!son, Topeka g. Santa Fe on Mont1a
dropped II, to 10iN, mud closed offered ut th'
figure. Atchtson rights lecllnca Is, to -
Pueblo was weaker A. G6@U7. Burlington
Missouri Ruilroad Was quiet at 1854 bid. .Atci
,un latd grants wete stcadr at ll1}{G9l13 ka
sas City IL Coanc!l nutfs sevens solu n lowe