, 1880-01-07
FINANCE AND TRADE.
l Fluctuating Market, with
Slight Gains at the Close.
Chicago Receiving Heavy Shipments Of
Currency from tho Country.
The Produce Markets More Active,
and Quite Irregular;
stpng In the Morning, Weak After Noon
and Close Fi1mer.
FINANCIAL.

FINANCIAL.
EtookB were not active, but tho net result OF
tie days movement, after several tur1,H III tho
oo,lruo Of iluchtattons, WIS In favor OF higher
prices. Tho lnrgcst Fntn wns made by Alton,
which advanced :, to 1884, MID wna Rcnrco ut
TINT, New York Ccnttnl advanced N, TO 1871;
Ban Frnnclaco common ~, 10 AIN; tho rrcfcr-
rcd IL. To 6lA; and pnclfo hfnll !, to 37sE. Eric,
which a powerful purity havo been trying TO de.
press by reports Of tho discharge Of several
thousand men by tho Company, and statements
TINT thu November EARNINGS were disappointing
shared In tho general improvements The COM
mon sold up to 4eA, M advance Of Il, md tho
preferred up to6 6sh, II gain Of n. Western un'oh
still continues to suffer from tho cIrctltntoH OF
reports about the tclcgrnphto nllance be-
tween Mr.. Gould's new telegraph and tho
Pennsylvania Rond II ts stated upon good
authority that tho principal provision OF tho
formation OF tho Toras Improvement Company
for the extension Of tho ToxMs rncittc katlroad
frpm Fort Worth to Fl Paso wns thnt the At1cri-
can Union Telegraph Company Should nave
special privileges ovcr tho Pennsylvania Hall
road and It's connections. The Pcnnsylvan'n |
Road has thrty-fotir contracts with tho Western
Union. These, 1t II said, nrc 10 he terminated. !
Tho American Union Is to tako tho pl0co Of tho
Western Union, nlld further Ngrecs to fully
eauIp with telegraph wires tho ma!n stem Of tho
PENNSYLVANIA ItoaA by Feb, ], 1890. and nil fts
branches by April !, 1880. Western Union stock
yesterday sold up from 10o's to 101, recctct to
boz, md closed at 1oos. Atlantic s fac'o utl-
ynnccd u, to 4lA, ind clnscd ut Al. NcIs'lng
closed Mt tho Rnmo rricc m MI the tlny
before. This Company hns Informed lta
employees that tho ndvanco IN tho price
Of coal 1ustiflcs m Advnncc Ill taeir
wngcs OF s per cent, which. will bo 10 per
cent moro than thoy received IN Octol'or l'tst.
Delnw,se g. Hudson lost X, To 74.s; 1Hck,t,yannn
rNnxoJl between 8l.l and 8l, closing ut ei1s; der
sey Ccntrnl n,ado X, to sl!s; Marrls Il Essex
opcrcd at lK, and closed ut lG,. The Enlns not
nlrcpt.y noticed wcrc Michigan CentrNl x, To ~;
I.nko Shore 81, 10 09!i: Northwest i, 10 DlA;
st. panl !, to 7a:i; ltock tsland i,
to 140}s; Illinois Central i. to 100: Union
Pacific 4, 10 E,,t; Ohlo j. Mississippi i, to .Si4
Iron Mountain II, to 5.i4; K1rsas & Tcxns II, to
81: Wabash Il, to 43i; tho preferred =, tD dA
Nnrthcr1, Pacific II, to :9ss; Luke Eric s. West
prn y, to 70; Alton & Tcrrc IInuto a, to .0!s;
the preferred X, to AK. Tho loRscs were stan-
llnttan III, to 5tA; Now York !. ~, t" l2o:a;
Mob,io & Ohio X, to @s;' Nnrthers, l'aeiiio prc-
tcrred u, to57: ct, Joo i, oa!4; c'c l. l.o'
~. to e0A. ...,
Erie SECOND Gs opened Mt S7ss, advanced Il, and
closed ut 81. ,.....
In railroad bonds, In New York lust week, the
transactions wcro nn largG pcllc. N1h' tho dcnl-
ings wore characterized by hNnynitt tone. Thu
chief activity WIS III Eric consolidated seconds,
which wero very firmly held mt nl,sIlit ~. Tie
Kapsns s. Toxas, ChcaapcNho & Ohio, l]osson,
lIartforl s. Eric, Iron Mountntn. nnA other
Issues wero netycly tracd 1T, md closrtl ut nlt
ntIvnnce Of u por cent oil thu week 4 tr1llsAc-
lions. Tho upwnrd movement WIN Etitnllnte't
by tho sl0rp riso In the ehnro lst. The high
priced iss,,cs-R,,ch us Now York Central, 1iav-
lon, 1locl lHmnd, Morris & Essex, ctc.-woro IN
activo demand for Investment, but tho 0IeE1nKs
were cOruurntiyIly limited.