, 1880-01-04
extraordinary Rise in:'BurIingt0n
5"' g. Quincy Stock.
.,,e Active and Strong, with
o' . Reaction at the Close.
r. ~ Banks Paying Out Gold by the
.n''4f fN;1liou---Thv Currency Influx
p,a,p,, Markets Tame and Easler-"Early
''> Weakness, but a Steadler Closing.
FINANCIAL.

enft.h' - 4he dey by going or cents NJ
ensaoeA M. to 14s!1. 1t closed Mt 14sH,
ump' ito ,o~ Th}a rise was on the strength of the
!an .. ,t.a.ion lu with the Burlington e. Missouri
ronso'.aaI1 LUZ n Nebraska, which will result in
tSel 1;r;dend Of about 70 per cent to the stock
f1ecA ~ aach road. The Burlington Quincy
''oe'a of about $40, ,0O00 600 on capital OF
ass ~ M and has for some time been thought
ssor '',,;.r for less than it was worth. But rs
10 oe , ,e+;rr commodity, it has been so slow and
Fpeeun Fpn.e,ory that the gallop it has just made
,enefjts very few Of the street operators
up"'I1 up..ot,v a family deal. The Burlington
II - '.,.ar s. have made some other con-
q Vu.. mi vet published that will add con-
heeuo .,,r Tothe strength Of their position. kan-
'ae.sr, Taxos WIS very active, and Gonll's brok-
as .a renortcl to have bought 7'5o0o shares.
rs "s s,,ice advanced rapidly from ::sl to 3i1z,
4oe p'a pa.a, Another buoyuut stock was Lake
los'us e westcr1. which has been in request. on
.'ls t..n~th of its new connections, and yester-
ut sant IN from ., to s47z, closing Mt "a. The
.s.,,,c .a haxr not yet begun to buy freely. Ihe
pu'Io "'on Is current in some quarters that the up
rard movement Of yesterday morning anu t1e
S"t asa-o ua engineered to attract buyers. In
..s a ss,o-,oon selling movement began which
sas.;od rr;ces at the close down In most cases
..1,,v the close of the day before, and w1p-
~ out many of the paper profits OF the
-ro,,o,s advance. Michigan Central lost:
T. tn san; Lake Shore IL, to ";
':n,thwestern 4, to sos; the preferred Il. to
,m,t. 81. Paul 4, to 75sl; Rock island x, to l49;
1.n,en Pacific Z, to s.; Erie 4, to 4s2t; OhIo q
Izs;s,ppi Y, to e9S; Iron Mountain NJ TO o.
g Joe nreferred 4. to 64H; Lackawanna y, to
81. Icrsey Central 4, to so4; Canada soutnern
~, 10 SSH; Wabash preferred i, to 65's; west
~, rnion II, to 101; Atlantic & Pacific u TO =;
reading (, to III; Northern Pacl1lc Il, TO ozai;
pac;ic Mail II. to 365s; Ohio & MISSISSIPPI pre-
<crrcd u. to 577sS:; and Alton Tcrre Hautc pre-
+err1d 4. to, tx. The final gains we're new
york Central 4, to l3oE; St. Paul preferred Il,
10 1(eI: Columbus, Chicago T. 1ndiana Central
!. nj: St, Joe 4, to 33i: Delaware y HUDSON
:. tor,6k; Morris t. Essex Il, to 1tea; wabash
!: N 43li: San Francisco. preferred 4, to 5o14;
In,isrilIe l. Nashville Il, to s7A; ST. Paul
siop1 CITY Il, to 3eA; the preferred IL, to s6A;
sn,ro Tunnel 4, to ~: Chesapeake & Ohio sec
,nd nreferrcd 4, to 23H.
Erie second 6 opened at ssh, aud closed at
=. :
The demand for Government bonds has been
so stronp as to leave the Chicago market almost
.are. The Chicago dealers were buying from
lev York Yesterday. The Is were l03 bid and
1nx asked in New York, and 1eA bid and
1G3S asked in Chicago The market here was
stnour. with good rcinyestment demand. The
AVS were 1901; and 10C1:, the IS, l03A and 1885,
and the Is Of 1851. 1o4 and 1oi1.
Foreign exchange was quiet, with light sup
DIV Of bills.
The F,rst National Rank paid out 81 500 0o0tu
sold and s15o,ooo in currency to meet its debit