, 1880-01-08
Currency Accumulating in Chica-
60, and Money Easier.
Government Bonds Active..-Foreign
Exchange Higher.
Tho Produce Markets Irregular
---ProvisfOns TIrmer.
Grain Unsettlod---strong, Then Weak,
and Closed stendier.


nofs Central to 1nl, Indicated tho drift Of opera
tons on The Stock Exchange. There Is dcinpIid |
for go0d Investment securities, mud buyers nrc
willing to purchase OIL II higher level thnn III
previous ycnrs. But tho yol,mc Of this dealing
In Investments Is smaller than It WINS expected IL
be. Outside the crrle Of tlvtdcnd.paylug stocks
tho Wall street mnrket has tnkcn OIL no DECIDED
tone. Bulls and bcnrs t1ctatc, hut do not buy or
sell freely. Business at tho Chicago brokers
olIlecs Is not more than Inodcr1lc ard trlIlsRc-
tions in New York are not lnrgr. Tho money
market at New York, n at Chicago, Ia
working moro enslly, and funds are
flowing back to New York. This Is MI
invArinblo occurrence at this timc ut
yenr; but 1t Is not expected, rs Ear as Chicago
is concerned, TO Inst many dnys. The ycnr Just
beginning will be ono OF cxtranrltnnry activity
In railroad building The great rnlrond cnpi-
talists Of tic country will need ni1 unusttnl
amount of money to build and buy new lncs.
They will hnvo no ,,se for stocks or bonds thAt
s.do not vote" and will be FREQ sellers Of stocks.
At the same time they will he vitally Interested
In tho maintenance Of high prices. Al, entirely
now element IN stock vn,tIcs, which hls been
foresccn by few, and Is not seen now by many,
IL the ngitation for tho National control Of the
railroads. This h,ls already been nlll1e tho s.h-
jeot Of dozen bills In Congress. and Is r,pt''ly
taking It's ptRco 9reat issue. Tho first elect
on stock vAlucs IL likely to be bnd. The u't-
.nnte effect would bc very good, us 1t would give
railroads moro stability md woultl lmpart aonnc-
thing Of the chlructcr of Government Eccur-
ties to their stocks aud bonds. minor fnct OF
somo Importance IN cnlclllntlng tho immediate
future Of prices in Will street Is, that lnrKc
l,Imbor Of operators hnvn loaded up with stocks
In expectation Of January boom. ind that n
powerful clique nre believed to bc determined
u shuko ont some Of these holdings before they
permit any grcnt rise.
Vanderbilt was reported to be supporting
Western Union. The first quotation wMs l00it,
tho highest 100at, tho lowest 100, nnd tho closo
10ost. There were said to bo good buyers Ut
! Ohio Mississippi, which advanced from soA TO
foA, and sold finally at .at{. Kansas & Texas
wns again active, and made II, to36H. st. Paul
opened Il lower, ut 701S, sold Up 10 III, and
closed at tn. Higher prices aro predicted for
this stock and for Northwestern. Northwestern
common tluotuated between D14 md MA, md
sold finally at D1A. The preferred wns 10dli:
st, Paul preferred made 4, to 10a; Now York
Central mndo Y. to 1a1h; Michigan Central i,
to soy; Lake Shore u, to a9.s; Union Pacific as,
to 85H; Eric i, to 10; Iron Mountain Il, to
beH: G., c. !. c. u, to :lA: st.
1oo l, to o5.l; DclRwnro & Hudson y, to 7Ah:
Laoknwanna n, TO s5.i: Jersey Cuntr1l Il, to
. BIN; Morris e. Essex x, to 1GsA; Cnnada South
er1l Il, to 80A: Wabash y, to 4.A: tho preferred
Il, to G8h; Minneapolis H, to ~: Iteatltng Il. to
TN; San Francisco a*. to 43E; tho preferred
39s, to b4S; Northern Pacific Il, to r.A: Pacific
Mail II, to 3s; Louisville l. Nashville u, tn ~;
Lake Eric & Western Il, to 70; Mobile s. Ohio
IN, to .4h; Alton Torre Ifautc 4. to 81; tho
pruferrcd u, to AN. Atlantic Pacific opened
Mt 40H, eold3dnwn to is|h and recovered to 40tt;
Manhattan sold down from 501< to 60A, a1ltl Chcs-
apeake j. Ohio from 1Dss to INK.
Eric second o. opened at 87st:, and closed ut
SIX.
Railroad bonds, In New York OIL Monday, wcso
active and buoynnt In tho carty dealings, hut
IL, T..
price8 uMd6r 8alcH to rcalizp profits. Kn1,sas t.
Texas consolidated assentetf advanced FROM Gj
to "a, and do seconds frnnl 10 to 6lh the former
q, closing at G3n and tho latter at 54; tho trnns-
actions In tho seconds amounted to over 5000 O00
Chesapeake & Ohio 1rsts series u advanced from
G1A to 6A1s,i and do currency d. from n
to 87N. Tho Mobile & Ohio iss,ies weru strong,
and advanced 1G13 por cent, tho Inter fourth
'debentures Eric consolidated secolls wrro
hover, selling down To STh. Chicugo s North.
western consolidated gold coupons were In brisk
domand, and sold up to JIG. Texas Pncitlc lit
comes rose to i0A; WAbash new ~ to fteh; n's.
ton, Hartford & Erie ilrsts to 65h; and New
Jersey Contrhl Incomes to a.
Tho pcr cents opened ut 100 bid and l01!t
asked In New York. They closed ut 1884 bid. In
Chicago tho a wcro le.S bid and 1924 nsket1.
The AIS were l00k and l00si; tho 5s 1GIA ami
losas, and tho &s Of 1851 were lot and l0i!{.
Foreign exchange was higher. wilt. it fair slip
ply of bills. The posted rates for sterling wero
aG and 4s4M. stcrling grnin bills wcro 47DhD
479A. Actual ba,kers' rules In New York wuro
4Sl,s AMI 4s3si and tho sntnc In Chicago. Froncl,
grain bills were 6e1,4G1520tt for Paris md h.0s
for Antwerp 0crlnnn CouMercMl marks
were 81. Tho importatIons OF sectu fur
the week ending Jan. weru <407, ,a17, including
$500 gold and $:D100 silver. The weekly re-
turns make total OF ss4 ,.s0 40i for tho etlrc
year lB7 as aYnEnyt <lO reported uilfcnly
Tha 7nruh2t tntn1 II mn
wus $37 ,08s Ala. rcnehed In lsN, anil next to that
was TO Ell sss III 1870 FROM Aug. !, 1871, to Jnn
:. 1850. the fmportauous reach III, &E consist.
Ing Of ~ .,si4 gold hnd $14lol silver, as fol-
lows: f0S,lSoG8 foreign guild coin, II, ,xs. .Dlt
gold bullion, Sli, ,o5,, ,6l.. American 8old caIu
<lls,0js gold dust $idl00 OIL American Hltyur coin
tfnclulIng trntlc oars), e. 5G BSs foreign s.tyrt
eoln. and S15,t69 silver bullion. OF thu totu1
since Aug. !, 1870. A3,s74,tFi4 wna received frun
tho Continent, $e5,DG],Dal from Great lirtain
Ind %G1B1,t0i from West Indies and South
Amcricn.
The Chicago bnnks nro still receiving more
currency thnn they nre sending ont. New
York cxchango Is In actiye request ut Hflb16t
per $t,00 premium. Tho accumulation nj
funds ts causing I'M eHsy feeling In loans. In
rites are still quoted ut T1tSper cent. uans
cicarings weru s4,300,oo0.
ChtcaRo City II OF 1851 wcro sold ut 1G.a, ant
West Division City Hallway u at 1oo.
AAo AuAtAuaF W NHuluCgEB HtGHaFGA
dividend Ut ~ per cent, quarterly.
On tho Chicago Mining Noart there wor,
sales Ut lU0 Levnthan ut H. coo ut us, aud 400 Il
87!s, se1ler 10. ChicnE0 uas- LKht sold ut l41
Eigln Watch Company ut Is, and North Chicuy,
Holiiug-Mills ut 14t.
Tho ChicaKu & Silver Clfr Mining Compan
has bcen listed on tho Chicago Mining ll,ur
and application to bo admitted has boon receives
from the Frisco Consolidated, Ut Utah.
Cotton opened at ILL., s;so for February, and u.fa
fur Masch. Tho close Will bo found tx Our Ne,
York dispatch.
New centrul Coal Is axpectel to pay u divllen
mkt month.
A Now York observer thinks that tho futUr
ls*pue 0n Wall STREET IL to bg Vanderbilt secIl
rifles ycFsus Gould securities.
Tho boom III loston IL III Calumet i IEccs
mining stock, which has proved u bonanxa tu II
fortunate stookholders. Tue stock has salu t.
xsa0 aud 100 within u few dAya. shtrca snll b.
fore the recount atvanco In copper ut $l10, III
new stock created t1uo.0D shares} 10 now III de
n.and at phenomenal figures.
The Graphic makes u carvful analysis OF til