, 1880-03-11
Money Working Tighter-Specu'
lations as to the Future.
Governments Stcntly-Forcign Ex-
change Tirm-Locnl
Finances.
1hs Produce Markets Moderately Acttyo and
S!cad1er-proyslons In Fair
Demand.
Wheat still Rervets-Tht Deal Between Chicago
md Milwaukee.


Stocks woro dull nntl not strong, but With no
signs Of special weakness tilt ncnr tho closo,
when n raid by tho hcnrs ran prices down rnpld-
II. Closing quotations wcrc In almost oil clscs
the lowest ut tho tlay, md nearly everything ON
the list showed d decline. which IN 1unny csscs
was sortous,
The grcntc2t weakness wAs exhibited by Nash.
villo l. Chattntlopga which dropped :, to H. aft
er solItng at 1l0 and Ill. Ohio & blsstsslppi sold
at 41abtl,sG31ts, ind closed Mt tho lust figure,
with loss Ut II: the preferred gnvo way IN, to
rs. Tnciflc Mali sold uwn steadily FROM 57A 10
6lH, q decline OF al. Houston s. Texas wis
quoted at 91@9l9iGIs7i, nrt, the lowest quotation
wns tho lnal one, showing n loss of
*. In tho coal stocks, Delaware s 11ud-
son waB tho only ono thnt held Its
own. It sold III high rs 6A, and closed, M OF,
Tuesday, at 81; 1,ackawnnnn list II, tu VIZ;
Jersey Contral ~, to s7 and lscnding II, I" 70.
Eric was sharply nttaekct. nnI forced down from
4s4 to H4. a decline Of N. This stock has
renotod 4!s from tho highest prco nf this year.
4sS, which It reached Inst February, and is ~
lower than 1t wns last November. Tho prs.-
ferrcd wns down IN, TO 70h. Western uhLun did
not suffer ms severely ns might hnro been ex-
pcoted from Its exposed position in tho struggle
betwcen Gould and Vanderbilt. 1ts decline for
tho day WIS IL, to lllA, after snlcs ut 1l.H and
1tQE. Atlantic & pnci!lc WIS down III, to 40. 1t
IL good Illustration Of tho cpntraritics Of tho
stock market TINT tho maintenance Of tho
southwestern POOL should hnye been followed
1ty tho brenk which 1t was expected its rupture
would produce. st. Jno went ntr Il, 10 ES?S; tho
preferred II, to TN; Wnbash n, to l4.i. and tho
preferred Il. 10 Ge!s.
Tho other losses wero Now York Central Il, 10
III; Michigan central II, to 0:t&; Lake Shore
Il, to 1O0A; Northwest |, to i1i: st. Paul 1,i, to
B0i tho preferred! 4, TO lG]S; Illinois Contra!
II, to 1oIs: Louisville s. Nashville IL, to 15sAi;
Union Pacific IL. 10 tt,!s; inrl Mountain ., To
coy; Columbus, Chicago s. Indiana Central =, tn
II; Cnundn Southern y, 10 GGal: Knnsns 4 T'cxna
*, to A4i: Minneapolis lH, 10 N1;iSn,, Francisco
preferred u, to h9,i; Northern Pacific IN. IL
nA; the preferred 4, TO 66: Lake Eric g. Vest
crn ~, to 3i1; Mobile & Ohu Ii, to alH; 81.
Louis & New OEcans v, to Il; Chesapeake &
Ohio y, to E3ss.
Tho only active stocks that madc advances
wcro Sioux City common y, to 4;'1&; Sun Frnn-
DISCO COMMON Il, to IS; mi Manhattan III. to ~.
Tho following from tho tinnneluI nrttcin of the
Now York trmIs mny cotntort those who arc
frightened by yesterdays decline:
Higher prices formnny descriptions {nf RtocAs1
seen, probable n!ttl. nltt,n'tEi. nMMy pG"rlo ienr
tho market, 1t ia Remembered TINT tho 7lIlrml
earnings Rcner,l'y Arr si1l ns to furnish fttrt-
%aS,op %SS s,pS,a !" ts @ u to M o.c, @
market, and thcrc!nrc It Is tntsfblc for sucks to
continue strong Until tho PROMISE Of Alncrs'mn
Rntl ElIxIpcNn hnrvests Gun tt discussed lntell-
gently. bn, tllat d!arussion cai.aes is1!cnsl,lcrs
the rtock market scetns likely to stnii IN pretty
well ngnlnst any 1nGrCly speculative influences
TINT can be brought tn brNr ngninst 1t.
Eric seconds opened Mt nj and clnscsl Mt 0i.
ilnlznnd bonds, III Ncw Yt'rls nn Mauay, wGrn
active and buoyRnt III tho curly lcnl,gs, but tllo
advance was partially Inst tn anmu instances mt
tho close. Tho Eric Issues wcro In hriak cmnfil,
selling ,lr to 1lO for consolidated gold e, D,.i
for consolidated seconds ind to II fnr funded
6s- Chesaponke & Ohio tlrsts series Il ALL
vnncc,l 10 Il, and currency 6s to 49k, OIL
+: 3nrEo t1lntnctiOns; the former, however. CLOSED
at S04, nt.d tho hitter ut 45js. knnsas g. Texas
f'rsts ross to 1G:i. nnd secnuls 10 Is; the latt0r
nftcrwnr,l declntd to 60, md closed ut EG. nos.
tom Hartford & Eric ilrsts advanced steadily
from ii to bDsl, closing Mt 10. Ohio Central In
comes rose frum u to 57':; md lron Mountain
f1rst preferred Incomes from Wy to pi. Tho
Elevated ltailrnn first mortgages wcre In brisk
demand, md soil up 10 1l.9; for NGw York and
ia 1t,,t for Metropolitan.
Government tonls wore fairly active. The
8.6;s wero d hil and tH askcd; tho Is 1OG.s an',
10GK;' Tho i!ss 10'si and los; tho Is 1OJia uni
1r}H: md the 6s 1N5ss and 1l,al.
Foreign cxchHnge wis sttnly, with a light
stpply of Hills. Tho posted rites for atcrlIns
&cro 4s53; nlsd 4Ra!S. Actual r,,tes III Now York
wcro +BlA Rnd 467af, and In ChicnkO 4Ht1s nlNl
4o1h. Sterling grain hills wnro 48ah. Posted
ratcs for fr.ncs wore 5ta,l mid hls; and com.
rnerclnl trnncs wcro 6e4aiG1a5iA. Posted innska
Woro d nnl o. Mnd commercial Enrl<s ut D9GJi.
In giving tho tgurea ut our foreign truc, tho
New York Tribune corrccta tho prevalent urrur
TINT the nEgrcHnto Imports nj the country Ilnw
oxeeod Its exportn II II fnrKottun tint tho pro.
portion Of Imports received ut New York ~
larger hy, fur tl,nn tho proportion nf exports
shipped frogn shs pnrt; III Jannnry, IN pcr cent
OF tho cntlru imports wora received here, whie
only J77 per cent OF the exports went flnu here.
AT Now York tho excess Of Imports Il, january
was Sl6 000 U0, hut 1T MI tho ports tho excpss "