, 1880-05-15
Stocks Open Weak, bit Show a
Recovery.
Indications of New Purchases by
Investors
Government Bonds Dul1 - Foreign E1-
change Heavy-Tho Currency
Movement.
The prodate Maskets Moderately Aetiye-Wheat
Sttadier, Closing Firm.
0lher Grain Ssfong-A Sharp Rally Ia Hog
Products,
FINANCIAL.

FINANCIAL.
Stocks opened wrnk. Tho operators who had
so!l short at tho dcprcsSed prices Of tho 1ny
before wero nccordin9ly etatel. but their Joy
WINS speedily turned Into glt,oin by rapid re-
covery which carried prices up scvcrul puints.
The 1ay cosrh with tho general improvement
prttty well upheld.
Something " q chanRo appears tn ho notice.
able in tho temper OF speculation. Fewer ot,cr-
ntora nre ready to sell shurt- The reaction hns
ganc so fir tint 1t HOW appears dangerous 10
thenl to do 80. 4 few purchasers Of long stock
for Investment and speculation nrp tnnking thoir
appearance. NcHrlv every o,lu expncts tn suo
tho ,nrkct with little lower prices, but thcro
ara bula who arc rendy u buy u, every decline.
Investors lO0k fnrwlrl to tstll sEnlntr, Atlu
hc.leg buy only such stocks rs will curry thou,-
selves.
Tho gains were much moro runlerOus than tho
losses. New York CGutrll advanced from 1.i4
To laa; Michigan CnntrGl from i8!s to 89h, de-
aplten point thAt 1t WIS to 20 to GO; Lake Shore
iluctrattsl between 1U3 and 10i.i, closing with
gnin ii Il, ut 1GssA: Eric snid Mt ISL a1,a w.
making II, to ;gsa; tho preferred sold ns low tts
A,i, closing ut 81. guln OF ". Northwest
ranged brtwees, saai md ~ elnsn9 Mt tho higher
figure. Tho preferred Inst IA, to to-. wNt'ash
sol't at 5000 al4Ds., gninink w; the prefcrrrd
,nntlo tho samu to 6s:s. Ohio advanced Y, TO
cGA; tho preferred u, to '3tl. st. Joe declined
to @a:a, and tllun recovered to aGA: tho pre-
fcrrcl selling down 10 VI. ind closing ut BS1.
Knnsns 4 Tcxas opened at ~ lost L.
TO eosf, went up to alss, aud closrd
ut ali. Pacific Mail mntla IL, to 3iA.
Tho conl stocks wcro NIL strong. Hudson sold
down to Gaif, but recovered to III. LAckHwnl,na
dropped ]. to Az, closing ut Gi, net advance
Of ~. Jersoy Central huutuatcd hetwccn Basi
and osA, closing at DSH. 1lcutlin9 went oN .s, to
4 U,Yir rn{, r01f ATlt 1Trf,1n 1ut>ff1r En1
lnw III SIX, recovering ut tho close to Ut. Iron
Alounta,n sold up from :Hst to Avn, md Western
Union from DsA to 10D}t. Cntndn Southern
opc,led at bl.f. was sold down TO 107l. then went
up to &c. and ulosed ut 6.,f. Northern pnciho /,
to =; tho preferred IL, to Az; san Francisco
preferred IL, to ~; aud Chesapeake & Ohio iirBt
prefcrrea ], to M.
The losses were Chesapeake t. Ohio y, to 10:
Sioux City preferred 4, to r.: Minneapolis ~,
10 ~: hanhntt,ln Il. to TN; San FrNucIsco /, 10
N; Lako Erie g. Western ~, to @lA: Chat
tanoug,! to Ga inter selling at 90; Louisville l.
NnshvI'" Il, 10 1syaf; st. Fnul preferred Il, to
lou: mud C.. C.. e. s. l II. 20.
Erlu second 0s upcnGd ut 87h, fell to SIN, nd.
vuiIcGtl to BH.i, and closed Mt FIX.
lsnilrsnd botids, In Now York on Wednesday,
wcro In motive request, especially for tho Eric
consolidated seconds, tn which tho transactions
were extremely 1urgc: these bonds advanced
frum W.. to Bpss, declined to 8sii. a1d closed ut
8sta: Boston, Hartford 4 Eric iirsts rose from
3g,d tn ;alai, nnd rcnrtul to;tsA. Lch!gh Wilkes
bArre nsscntctl declined from 10 to D5si, sold up
tn Us, fell OH tu vd1s, md recovered tn W..
ltono, Wa,ertown s. 0gdunsburY console
dntcd tlrsts ,ltlvnnceA from is tn 6Sk: TexNs
lncillc Incomes from 10 to Bl!f; Kansns & Tcxns
.srconds frnIl35d4l to 6Sls; Houston T. Great
Northern, seconds Purchasing Cumnttteo re-
ccipts from rs tn -; International seLOutls rur-
chna!ng Committee receipts from = tu 70; u, @.
VtSf,
1tuuutaln tlrst prHtorHHl ineUH,na from B0
to s0H; do second preferred Incomes from
Gs to II: Denvsr s. NIo Uranle trsts from
D9h to l0l; PC0rsn, Dccntur s. Eynns-
vts!e tneoAes fraH. Ei to 81; CaNaus
Southern t.ssts frum 10 tn 00!k: Chicngo, lsnr.
ltngton & Quincy 70 from IT, u le.s; L.fnyetts,
Bloomington s. blunuiu tlrSts from VI to D75s;
Lake Eric i Western tlrsts from VIZ to niA; do
incomes from b5 tu bi!;; 1surlu9tn1i, Ccar ttap-
Ids s. Northern trsts from vD!1 tu 9lf; Cleveland
& I'lttsburg IL from 1tl,, to IL: kN.lsns 1t,lic
Hrsts consolidated from VI tn II; Muhllo s; Ohio
third lebentnns from II tnes; Oregon ttni.ronl &
Navigation tirsts frhn 0lai u NJ; Ohio & Mlssls-
sippi Springfield Dlvision from 15H to u.
Wabash suconda declined from lOl to 1N; To-
letlo, Pcorla & WAsa1w Eastern Dlvislnil from
1.9.s to ls8: 1roat Western seconds froIu 1Ol!s
tn l0I; Lnkc-Ahurp seconds cuupnu frt,tn l1si$ 10
1lTH; Northwest Kuld coupons frurn liz to ll7!S
Alton & Tcrrc lInuto second preferred from 1N;
to luz; mud Union pacitio slEkIng-funls from
1l0 TO 1UiM.
Governments wero not aotlvo. Tho Dlstrtctoi
Colu1nbin 3.G6s wore VlA hid and 95}s asked; tho
Unted STATUS ~ were i01 bld ur,d llI!a askcd
the 4Ms wer0 10SI and l091s; tho ~ 1G..A ant
1UJ.i: und tho Ga lL4ss artl lU5si.
FnrclHn Uxchanyo wuy WtatkDr, with n down.
wnrsa movement In sterIing. Sterling postcs
rates were 4HHs and 4YIH, Actuul ratus wort
4M ard +ss; md documentary sterling was iEi14