, 1879-03-18
FINANCE AND TRADE.
Transactions h Government Bonds
and Local Securities.
Eorciglt Chicago Mon"
o. cy MlRrket--StoclSs lr-
regular.
The Produce Markets Moderately ACT
ive~.-Provisions In Good De.
mand and Strong.
Wheat Irregular, hnt Closes illgl'er'''
Other Grain Steady mud
Ffrnls
FINANCE AND TRADE.

Firnls
FINANCIAL.
Thcro Ia not an active demand for Gnvcrn-
n,cnt bonus. Rates aro very slightly chnnred.
The Cs Of 1881 are still quoted at 100. the 6-a0s
Of 1867 at 10l1S, tho t2os Of 1868 ut 1Gs}1a, tho
10-i0s ut 101x The now Is Of 1881 fell e, to
104t1S, the at 104el, tho 10 at 1oo@too11, nnd
the currency o. were held ut Saturdays quota.
ttous, Dealers Ia bonds nte Interested In the |
statement in nows dispatch from Washington |
TINT tho Register Of the Treasury lans rendered
decision 10 tho effect that tho execution OF the
requirements Of registered bonds Of the Unified |
States Of any loan may hc attcsted By tho presi'
dcnt or Cashier Of National bank III the Famo
manner rs Is now allowed With respect TO bonds
issued under tho ncts Of Congress approved
July IA, 1871, and JAM 20, 1871. t. c that In na-
ll.ion to his signature tho officer must alix the
title and seal Of tile bank. a,ld the imprint Of
tic seal must ho made upon tic bond. The
Secretary Of tic Treasury has approved the de-
cision, aud issucsl It In tho form Of circular.
Chicago offerings OF foreign cxchnnEo wcro
light The market waa q shade easier. Ia Chi
caeo sterling grain bilIa worn 48a to 48414, md
French bills 52tJS to 5o2,9. The astual Chicago
rates for sterling were 4sot5 a1.d $50. In New
York tic actual rates were 4So116 and 1914. The
posted rates for sterling were 4S71@ md 400.
Trench bat,kers' bills weru 517iil and Gig.
Consols were 0G 11-1G.
In Chicago banking circles business wos dull.
Applications for discounts were only moderate.
Rates remain at per cent on call 1oatls, nnA 1G1
10 per cent on tlmc loans. There Is In this mar
kct a surplus Of 1oanab1o funds. The currency
movement WIS slightly heavier In favor Of the
country. The orders for Now York exchange
were less active. md the supply was smaller.
Bank clcarngs wcro se.So0,N}0.
There we're sa1cs OF $1,000 Chlcngo lis at 10G1S
and Interest, and s., 600 OK tho SAME securities
ut 10o md interest. The demand for oil classes
Of local sccuritlcs is good, but the supply Ia
light.
The condition Of the 2,o51 National banks In
this country is shown by tic abstract given be-
low Of their reports to tic Comptroller OF the
Currency for Jan. L 1879. In tho year 1878 there
was decreaae Of $50,0o0. 900 In loaus, an in
crease OF over 100000 In circulation, md OF
about s40, ,000, 000 III Individual deposits. This
decrease In loans and increase Of deposits is the
reverse OF tho movement TINT preceded tho
panIc. It shows IN accumulation Of capital TINT
promises woll for the business future.
Stocks wcrc irregular, with a good deal OF
strength in spots. Tie fancy for Kansas tS
Texas apparently pallcl n little on its doyotces
The arst-mortCage bonds kept between the
limits Of 59tGl53M; thu sccond-lnnrtgngc
bonds wcrc 2i15G926. The stock dccliucd from
10 to Q, but reacted to OK. st. Louis d San
francisco, preferred WIS 85{@0, and tl,e first
preferred 181{D18L. Like Kansns t. Texas,
the st. Louis s. San Fruncaco ia receiving q
good dcal Of attention iu Tho Boston market.
Besides the stocks md bonds owned by tho
Company, there nro Sc, 1000 OF its securities
outstanding. The road lust year pad its In
tercst md expenses, laid 5000 tons OF steel
rails, and provided all thu rol!ngstoek needed.
There arc thrco probabilities" OIL which the
sresenr rtso Is being worked. THO Inlau
Territory may bc opened, and then Its land,
frnnt will 1p valuable. Tho rond may
be extended Into Kansas, and nlay then beco1nc
.scompctttor Of The Atchsaon, Topeka & santa
re. The road may unite with tle Southern Pa
:idc. Hero aro three "ponts" on one stock,-
Interrogation points. Among tho cheap stocks
Northern Pacific was nlso cheaper, selling o.
a7H. st. Louts. Kansas City d Northern dc
:llncd e, to 856. St. Joe took m upward turn
to The delight OF tie not small number Of per
IONS Tlio got "ln' at tho top OF tho marte
1nrlng tho rise some months ago. and have beer
gatnly waiting for chance To get "out.n TIL
opening WAS 151{; there was an advance to 10
the close was 15s@. The pEcfcrrcl won't up from
iaH to 4514, md closed Mt i54. Tho N ortfl
yusterns werc actiyc. Tie common opencd Il
NIX. eot high rs 5s>s, nnl closed ut 671{; I'll.
oseisrrcd went up from 68s< to S714, md close
ut sGsaa, Rock Island. after selling at 133 clos
ad at 49,, u lower than the opening. Tlcr
wns an advance OF u in Eric, to 9594.
Tie losses werc: Michigan Central 5s6, to SIX
st. Paul common i, to s,ssaH; tic preferred X
toS S2}1; Union Pacific n, 10 73A; Wabash u
to 195{; Delaware d Hudson u, to 401t4; Lack
awanna 3G, to 471S; Western Union Il, to 10i4
Atlantic g. Pacific &, to 81; and Kansas Paet1l
n, to- 3ls{.
lnrge amount Of Erie second consolidatc
mortgages have been Imported to New Yor
from London ut prlccs ranging from G5@00,
Tho opening, highest, lowest, und clos!n
prices Of stocks aro given iu tllu table below:
Northwestern gold bonds were 10J4, st. Pau
sinking funds 1o318, Burlington, Ccdar Kapil
& Northern 7911S, and Chicago g. Alton dcbru
tures 1o3N bid.
In railroad consols, In New York on saturla,
the transactions wcro largo, especially In til
Kansas alid Texas u Knnsaa Pacific issues. l
tho former the fluctuations wcro slight, hut II!
latter were unusually stroug, advancing 116(41s
per cent. The Wabash issues were III, t1e,l,u,lt
md recorded an advance Of 1K for Wabas
seconds OK coupon, and Great Western seconl
u coupon. LchtEh 4; Wilkesbarro Incomes ROT
from 20 to 81, null Erie ilfshs from III to III.
Pclnsylvnnia stock was weaker Frllay, u,l
sold at 84}1@345{.
baltimore & Ohio was DOG597 on Friday.
I'ho naw contract 0otween the Western Unic
Telegraph Company and tue Erie llaroaa gfyt
lilo Western union exclusive use Ut tlu wtr'
OF tho Eric Railway, which they arc to keep
repair, and IN consideration Of whict, they II
to transmit all mcssures OF the Eric FREQ