, 1879-06-21
Governments Stronger~--larger
Offerings Of Foreign
Bills.
Smaller Shipments Of Currency to
the Country---Tho Stock
Market.
A Ftrraer Feeiing in GRAIN
Corn and June Wheat In
Better Demand.
FINANCIAL

0Ekt0H 09lkAaIAAs
FINANCIAL.
Tho per cents opened At The c1oalnE prices Of
tic day bctore, a1,d were 1o3A bid In Chicago 10
the morning hour. In tho Afternoon the mar
ket followed the upward course Of Nc" YORK
prices, and the quesation for. per eents na-
yhuccd to l0,,x bid. Netund!ng certificates
opened 1t to2, and advanced to losa business
IN Governments was very Hight. nankere stt'f
complain Of the failure 10 receive returns
from culted bonds forwarded to Waati-
tngton In response to tho promise o1
the Treasury to anticipate thess pay
ment. Chicago bankers and bond'deafers
handle largcr amount Of bonds anl certificates
than IL supposed by thosu not familiar with the
facts. Opp ChicaVo bank bought over $1,NU,~
o0o Of the rcfundng certificates; or more than
onc.fortteth OF the sntIre issuc. At standard
by which to test The present price of per cents,
II may be mentioned that tue new Pennsylvania
4 Der cent loan is selling in PHILADELPHIA At
10h and interest. .
There waa larger suppfs OF bids ID tho for.
sIgn exchange market, md the tendency OF
prices was lower In Chienao ster!sng gsatn-
bills wcro 1856 for stxty-day bills, aud 487 for
sight; md French were 5soskGtor s!xsy-ds7 bllts,
sua 6lB1{ for sight. The neiDal cAcago rates
for sterling wsrs 4soA and 4ss7{. In New
York tic actual rates were 4s831G1iS7 ami $50.
The posted fntcs for sterling Were 4SSQsFe0.
French bankers' btlls wcrs 515@517k.
Consols opened at 07 stu, and declined to
o. 1-1e. The Londou price OF silver declined to
5lH pence per ounce. Prince Bismarck has de-
clared bImse1f to be opposed to tho introdue-
tion Of the double standard into Germany.
Business at tho Chicago banks was Hight. Or
ders from u,e country for currency SeEcstnattor.
Discounts were not aetfve. Rates renain ut
4G15 and 5QlG per cent On cali loans, and 748
and n1Io per cent On tins. Bank cltarliles weso
s3b00,o00.
For Chamber Of Commerce stock 81 was bid
and eek aal,ed for small lots.
Btocks weru not yery active, but tie market
showed good deal Of strength. Michigan Cen
tral advanced l, to ~. and Is being bought,
notwithstanding the small dividend. The
Granger shares wero etrong. Northwest CON-
mon went up ~, to 605s, closing al tic highest
point Of the day, md The preferred !, to 05s{.
The earnings Of the Company are naklng
handsoud Fains, ard great pains are
now taken to make them. For tho first
n,netr-sIx hours Of the third Week
OF juno tho iucrtasc YVES 900 over last year.
Lake Shore was mot stimulated BY the aduais-
but declined y, to 75H. Eric was active, a',d
the price at one time rose to 2s, but tho ctoap
was at 271{, Is batow tho opcutng. Wabash
lost II, to 851k. st. Jos common opened and
tlosed At 81, and the preferred at AK. In tho
:oal stocks, Delaware & Hudson opnued and
closed at 4G, Larkawanna advanced u, to Il,
and Jersey Central declined 3S, to 5214. Kansas
D. Texas advansed u, TO II. This was probably
not on Accbunt OF the Increased earnings Of
the hccoud week Of Junc. which amounted to
$2.34. Tho Now York Graphic reports tlsut an
important meeting was hn1h In New York Inst
wcek between the Representatives Of the foreign
boudnolde1s Of the Missouri Ksnsas g. Te1as
Railroad and the Boston parties Hho NOM control
It, at which An agreement mas arrived ut a. to
the future OF thls large property. The only
point not definitely aottlel was whether tho iu-
tescst On tho aest-mortcago bonds for the next
two yeara should By Gxad 1T or par rent per
annum. Thn understanding arrived at involves
the providing Of u, 6oo, 600 for the construction
Of n branch road, which, when completed, will
prove 4 most valuable and permanent feeder to
tbs main !ioe and Will largely incrcsse the rev
cuucs OF this road. The other Southwestern
stocks vezc not active. KausaA City t. Northern
lost Il. to l4A<; Alton asd Kansas Pacific ~erc
not quoted. San Francisco cou,mon declined y,
to 8, mid tho preferred was 10. Louisville &
Nashville gained l., to 5GH. Minneapolis
s. st. Paul WRs quoted ngatn ut 30.
Western Union was quoted after the opening
e1-di7!dcnd. Tie dividend ia II per cent stocss,
and 1H per cent cash on III sharcs for each 1co
held at the time the dividend was declared. The
stock advanced to ao1S, cx-dlvticnd, Rnd sold
finally ns 851S, a gain on the opening.
Erie soconl 60, Roa, opened at tx, adyaurea
to 73q{, and sold fipn'ly at 73>S.
Northwest gold bonds wcro 118, St. Paul
sinking funds 1osH, Burlington. Cedar Rapids
& Northern 70. und Alton gold o. 101
Railroad bonds Ia Now York on Wednesday
as rule rcro lower on a moderate volume OF
buslnoss. The largest dealings were IN Eric
consolidated seconds, which sold at 7l3<G0Ea,
closing ut the latter hguro. Eric funded lis toll
oil to 71}1, willis do consolidated gold u sold ut
11Q}S, seconds at loaiiS, uud 4os At tQ4. Causda
Southern drsta rose to IS; Toledo & Walast.
nrsts, az coupon. to 1o31(; Nashville, Chatsauoo-
"a d ct. Louls arsta to 103; Kanaas & Tc1as
consolidated assonted to OK; st. Pau! !. D. u.
Division to lo7k; South pacac drs,a to 100;
and Nov York Elevated to TIC North Mfs-
eourt frsts fall Ill to 1l8; kauaas Pacific, De1.-
yer D'FfsfJH trust-receipts assented, to 10g111
Lehl9h Il Wlkesbarro consolidated aasentcd
to &H; Delaware d. Hudson u OF 1891 to
101; Lonlsv!lla &; Nashville consolidated to
1g1; burlington, Cednr Rapids & Northern
arsts to 75s{; and G.. @. d ]. G. teconds to q.
Chicago, st. Paut & Minneapolis Railroad,
during tie second week tn June, show au fu,
crease Of &c, 482. The earunga OF tho Chicago &
Northwest Railroad Tor the second week 1n
Juse show m 1acreaaa ot 5,oOo, TAe Missouri
Aansas d Texas earnings during the seeoud
week In June show m tncrcaae Of 5a84.
The Following very suggestive history of The
Inn H. T.