, 1880-01-28
FINANCE AND TRADE.
The Bulls Lose the Leadership OF
Erie and Wabash.
A Dny Of Wide Fluctuations and
Considerable Realizing.
Government Bonds, Foreign Ex-
change, and Discounts.
The Pfodms Markets Atlite md sery Irregular
1hey ldsan.ed Fairly,
Then Became Very Weak, but Closed
Strongar-Grain in Store.

Ihen Became very "eaE pnt o4oseo
strongar-Grain in Store.
FINANCIAL.
Stocks opened strong, with Erie at &7A. Lako
Shore lOi!tt 81. panl -, 1rnn Mountain 6H4, Wn.
bush ~, Jersey CcntrnI 81, and Kans,ss l. Texas
AN, and ,rcl-tlistrfb,tcl rsinors nb0ilt tho new
t,ul1e arrangement between tho Vanderbilt nntl
Erlc Tho promise Of tho opening was not kcrt
MlI thy. Thu market sec,ned 10 many operators
Il puHI nne to realize on. and thero wis n lnrge
eoI,ltuo ot sales for that purpose. Tho public
have ttot yet acQltIrcd Elll confidence III tho
h,urkut. nlthough opinion runs strongly In fnvor
Of higher prices. The colossal operations or
tito sy1lsllcNtc Of which GOULD Is the n3urthcnd
tuvo had n tendency 10 daxe outside opc-
rntnrn md to crc1to n feeling ut uncertainty
ahu,lt tho future. Lnst ycnr tho public felt their
power, nnl took tho mnrkct Into tholr own
hands. So rnr this year thoy nrp operating only
MI tho edge. III thonbsonco Of dcflnit cnntlrlnH-
ton Ut the Eric freight pool, Erlc sold dowi
fr,ni W: to ia!k. tho last quotation showing
quite a slump. Tho preferred sltictunted be-
tween Tx ami i, I'LL toward the close, whci, It
suddenly fell away 10 liz. wnb.lsh opened at
is highest point 4s, md gradually snl,l down tn
4NA, which was dccttno since tho close Of Nom
1li,y ef only y. Tho preferred matlu u, to IN.
Kansas & Texts showed suma wide auctuntons.
il opened nt 47A. and advanced to t9k. 1t wns
reported that Gould had been mule President
Tho cioanK pr1co was Az, decline OF e. Lakn
ehoru and Michigan Central were active
aud stroug. Tho former fluctuatcd between
1oeS md 1n, closing ut tho highest
price, nn advance Of ~. Michigan Cen-
trnl made ~, to pO4, after selling at a04. The
lnrRcst a1vanco OF tho day WIS mnde by Pull
man paiaco-Car stock, which bus been
bonanza to those who bought 1t at 73's
lust Jununry md 1G last month. lts nl-
vnnce yesterday wAs s, to 1s0 Bloomington
l. Western was lcnlt In freely, and Rugged be-
tween Az and A. closing ut the Inter ii9tlrc
Ohio & Mississippi sold ut 0s and GoN, closing ut
81, n galn Of !. Tho only other noticcnhly strung
stock WIS st. Joe, OF which tho common went mp
TX, TO os!6, and tho prctcrrcsl II, to Go,;. Tho
nthcr g,lins were Northwestern 4. To 9Oi;
H. pau1 u, to 7sai; the preferred n. to 1oeA;
Union pNcif0 y, to ny; Lncknwanln e, to u;
Jersey Ccntrll y, to s1h; Western Union X, tn
lElA; Rcu1lng y, to Gil; Northern Pnciiic 4, to
DlI{; tho preferred "; to ISIS; Luke Eric s. Vest
ern Il, to HS; Mobile & Ohio u, to AN; Sioux
Ctty.i, to 40: tho preferred H, to 70; Manhattan
9s,tb 81; Chesapeake l. Ohio 4, to2i
Tho losses not nlrcndy mentioned wcro Now
York Central II, to l3O5s; Burlington & Quincy
II, IT, 1ts; Ohio t. Mississippi u, to 3l!t; Cnun-
bus, Chicago s Indiana Central =, to AN; Nor
ris l. Essex 4, tn 1o3; Canudn Southern II, to
r1tt; Minneapolis Y, tn Ill; Sun Francisco ~, tn
IN; tho preferred t. tn IL: Pncillc Mall x, to
BO.i: Louisville s. NnRhvie Il, to Ian; Chesa-
pcake l. Ohio 9s, toslai.
There WIS sonlU ChtcHRn buying OF Central Arl-
zonu tho disclosure IN tho morning dlspatchcs
TINT IN prominent young Dwrator'' was short
pt tfltrsv Att,ssl,t. II the dispatches had been
rt,coctsl for the p,lr,ose Of Inducing tho lambs
70 tuy they c0ulil mt hNyo been more skfll&uly
put together. There hnve been frequent refer
n,ces to the alleged fact that 80 Bharo coult
pc borrowed on Ccntrnl Arlsonu. II this is st
she Chicago brokers tlo not know 1t.
,,Chieagu, Clinton, Dubuque s. Minnesota Boli
anwn to VI IN Dostun, Lawrence ~, Flint & PER-
dNrvuettc 1S4, X. t., st. l.. / c. II. incomes 10.
Ono Of Ooull's brokers reports he hAs so1t
1000 shares ant bought nothing.
Tho burlington s. Quincy Is said to be ncgo
,atlnK for the Kaisns, Fort Scott l. Gulf I,oud
row quoted nt from ~ to 20.
Eric ace0nd Gs opened ut 001{, sold down t.
~, and closed ut s14. Vanderbilt IL reportet
A bon turgc. buyer Ut these bonds.
In rairoal bun'ls III New York lust week thu
n,,nsactions wero enor1nous, tnd marked ~,
prG0intlon In values took nlncc. The rcs,.,np
ion Of Interest," payments by somo companies
;ho rapId pr4,xrcss uf reorganization schemes
md tho Advntsee In tho ahare.ltss, account fo
sho stcaly rise III bonds, especially tho JUNO
tDrtynXcs Tho alyuluc In prices for tho wccl
n.nge1 from Il to 1a@,-TcxaH l'acito incomes
international, Houston Grcat Northern, KM1t
sns & Texas. Columbus, ChicnRn t. lntiiAnl Ccfl
trnl, Ohio & Mississippi, Springfield division
and indianapolis, bloomington i: Western Issue
el.allng tho upward movement. ThC tra,.sae
lions wcru especially largo In the Kansas
Toxns, Eric, TcxaB raeiilu, anl Columbus, Chi
cagn lnllnnn Central Issues. Tho alvanc
WIS we'll maintained, and tho closing quotation.
except III Il fow Instances, were nbout the highes
OF tho week.
Tiio Is wurc 10ia& bid antl 10iH asked In Nev
York III tho morning, anu lUt y and lOlH In tn
afternoon. III Chleugo they wcro 10at md 10iIf
Tho as wcrp 107k and 107E, tho IL lG,.i and ~
and tho Ga l04H aud l0lsi. business wns nc
active.
Foreign exchange was higher The poatc
ra.tea wrro 4x.ss uni 4s.!i. Now York nct,,,
%rltB 48a md iHt uul In ChIcaro tie suine Sic,