, 1880-03-07
BY TELEGRAPH.

1IAGtIIkAI1s
NEW YORK.
Special Dispdtch to The Chicago Tribune.
NEW YORK, March 6-The market throughout
the whole day has manifested curious irregu-
larity. At the opening there WIS much apparent
weakness and uneasiness. At noon the market
had become very strong, with some remarkable
advances, Ohio 8, Mississippi going up from r. to
AA. and Pacific Mail from 58A to 61H, after
wards advancing another point later in the day.
The coal stocks throughout the day did not ad-
vance, but they showed great steadiness, q fact
due to the highly encouraging reports OF the
present and prospective condition of tho coal
trade. 1t is insisted that these companies now
have before them the beginning Of an era Of
prosperity which only the most gross and Grim
lnal mismanagement on the pArt Of their Df-
rectors can interrupt The reports that have
been circulated within the last few days that
tho Louisville & Nashville people have been
heavy purchasers Of Ohio s. mississippi have not
been contradicted; in fact, they were quito true.
Under the influence of these purchases, and the
confidence inspired By them, the stock to-day
rose about 10 per cent, and reached the highest
1he hsA' great e. III lines so from the Gulf to tho
Northwest and Southwest are fast becoming
strength shown by Chicago, St. Louis i New Or
leans attracts tho attention Of speculative cap
italists to the property which Is believed to have
present and prospective value OF this property
has added to the value Of the assets Of the lllt-
nois Central Company: The Company owns some
leans Railroad On the strength Of its increased
cummings and the enhanced value Of its reserves,
the Illinois Central is reported us about to in
crease its dividends from to s per cent.
To the Western Associated Press.
NEW YORK, March 6.-Goyerniuents quiet but
generally firm.
Bur silver. lax.
Railroad bonds generally firm and higher.
State securities dull and nominal.
The stock market was buoyant almost through
ont the day. The general list advanced 4 to ~
per cent, the hitter Manhattan Elevated. Ches-
npeake s. Ohio was strong, and advanced sharp-
through trunk iille to the West. Paciic Mail,
Ohio 4 Mississippi, and Mobile s. Ohio were CON-
spfcuous in the upward movement Mobile =
report that I'LL extension is being constructed
from Cairo to Columbus, giving it connection
with the Northern New England and Northwest
about to be consolidated with the Louisville s.
Nashville Kotd. Quicksilver common rose II
an y pef fe sfn6 1T hSys M anS Nash
l5sM.. Nashville g. Chattanooga rose to Is and
closed at L..
TRANSACTIONS. $4,000 shares: 1900 Canada
Central, Il, ,0tO Chesapeake s Ohio; 1000 Lacka~
wanna, 1000 Delaware s. Hudson, 1000 Erie,
5 S. Joseph n 42 Houston Tsxas 3 iGa lrG
vile s. Nashville, $500 Little Pittsburg, 3,A00
Michigan Central, 9,7O0 Marietta s. Cincnnati
western, 1900 Nashville s. Chattanooga, 1000
New Jersey Central. LOO New York Central,
5000 Ohio s. Mississippi. 400 Ontario y West
ern (closing at 9, IL $500 Pucitic Mail, 100 Read
fng, 4,4OO St. Paul, 1000 st. Louis s. Sun Fran
cisco. 5000 Union Pacitc. ll,000 Wabash Pacific,
G,SO0 Western Union, and t,000 Quicksilver.
Money. market easy ut 5&1d per cent; prime
mercantile paper. Ib5M.
Sterling exchange, sixty days, firm at 4sih :
Tho following is the usual weekly bank state
meut: Loans, increase, $685., sou; specie, in
crease, s641, 100; tegaltenders, decrease S2073,
crease, xlTl 500; reserve, decrease, $l,5l3,550.
The banks now hold s, $50 In excess Of their
egn requirements.