, 1880-07-29
The Stock Market Opens Strong
but Closes Weak.
a Reaction Due to Sales to Realize
Wall Street Bullish.
The proamc Markets Irregular Stronger
II Good Shipping 1'tmnnd for Wheat
and Corn.
Provisions Tame and Lower-The Deal In
Opium.


y9ns attributed tnu int t,y tho sulnllcr hears
nnd to snles To reMlfzc. A'tylrcs from Will
ptrcct wnro OF tho most fhI1sl, chnr,uter. TITO
Hrangcr Htocks hntl It. Paul & oIIluhn wcro
particular fnvorlsa. Hut, MISUNDERSTANDING tho
rcHssurlrE points from thu lMll leaders, tho
1nnrket snggcl steadily. ana closed nr 2 per
cent bct0w tho highest Of tho day. At tho close
there wus r partial recovery, ranglnK from Il
tol.
The only stscks TINT rnnde Halns fur tho ttny
were burlington 4 Quincy, which advanced Il,
to IL: Rock fstnnl &, to III: NurihwHat i. to
ea!4, hftcr sotltnu Mt RI; st. Paul prsfcrrct u,
:" t0i; Wcetcrn Union II, to 1o7s;: A.lnitlc s.
l'ncGc u, IN ~: Lake Erie Il, tn ;f.tl: Cnna'sn
Southern 4, to B.I{; 81. i'unl s. On,n!n v, to II;
and Chicaao, st. Louis & Now Orlcu.ls 2. tu;N.
1d,sscs were numerous. G., c., c. l. I. declined
1M, to II; Now York Central 4, to I'll; Eric Il
10 4;k nftcr selling ut JIM md "a; tho pruferrc.,
Il, n iii; 1t. Tnul H., to abtl: Walnlsh X, tO
4oA; Oho X, tn f,*: st. Iou .i, to E!s: the pre-
frrrel Il. TO Ts!s; knrlsnH & Tcxns Il. IN 3Sas;
Pacific Mall u. 10 VI flusun 1!S to B1ai; Iackn-
wnniln y. 10 Bl5;; Jersey Central W, 10 15!s;
Nen''ing ~ to 1ss: sfnnElstan u, to :6si; Union
Pacific n. to N1t4; Iron Monntntn u, 10 h.t;;
Northern 1nco 4, to :a}sf; T., e. i I. g. Il, 10
l7S: 1t. Paul L O,nahn prelerrcd Il, TO Tss;; and
Ontario Il Western y, to MS.
Tlc regularly rccHrrcnt r,1siur ceres around
nt;nin that tho oil rntes were t0 he restored. 10
the great pr,At Of tho railroad conlpun.,.s. Tho
fnct Is that tho l1lItroads hnyn thrown Awny tho
oil m,etncss by their arbitrary md uncun,nIcr-
einl treatment ut tito producers, and thoy cnn
never receiver 1t from tho piro lines.
Eric sccen.l Ds opened ut NGI{ nnl atosc,l Mt 20.
1sal!ra0li hontls In New York on Mnnt!ny wcro
strong an active, tnost of tho lratlinK issi,cs re-
eorftug an advance III prices. Tho srcnt b,I.k
Of tho transactions wcre III Erlp cunsela, tho
Denver s lilo Grando Issues, KaHsus FaciAe co,.
Hols, and New Jersey Central INCOMES.
LN{O fJntn
MY tn No, rose to 104, ind closed ut
a0H; do funded Is advanced frnm II IL
t5N; Denver s. Nlo Grnn.lu flrsts advanced from
10t to l6l, reacted to 1lai, n1 rntitrrsl to lOi;
slo cnnstruci[ons ruse from 0i1; to pl1s; kausus
Ploftlo c0ns0ls fell or from UaE to Mti; New
Jersey Central incomes sDll up from 10 10 B0lz;
Texns Pacific income lind grants from EI to
GlH; Inke Erie s. Western nrsts from lOi,s
to l05; do Incomes from 6tA 10 G5;
1ndinnn, bloomington i Western flrsts from
M to T5; l,oston, iIartforl s Erie flrsts
frum ~ TO II; Chcsnpeako 4 Ohio currency Gs
from ;ss,1 tn 3u: ChcRgo, St. I..'sl s. minneapolis
Incomes from 115 to lo5,s; thiro, .srlsansns +
Texas f3rsts from 1Ot to lGIIs; Iron s!ountasn
| ilrst preferred lncanes from 80 TO s0ts; st.
Louis l. Sun Frunolscu seconds CLUES G, from
5Gsi to 111s; do DO, class u, from Tlis to 1AE.
In Government bonds thoro WIN ,,loru firm
ncss f.'the soner Issues. District nr Columbia
1,uas were no bid md 101 askrd: Tho IN. t0a hi.l
and 1ta'!i nsketl; tho 4Hs. III LID nud llia.
asked; tho liz, lIis hid nl,d lttlsi Mskc,l; tho Os
| lUtta lid and ID4H nakcl.
| 1n forulkn exchange tho market for ilnc,,-
mcillnry wRs dull, and tint fnr demand stcrl.nR
| was botter Thr chnngts WITS slight, Int Ifitll-
| Cltel ilrtnnr fcGllilg III tho English money
| market. Sterling posted rates waru $50 MD
+E; actunl rates were ~. ania iS4A. md aturlinE
commercial an and 471at. For fru,cs postc,l
| rates wcro 6o34 nud E.1}i fur pAris. CAin,ncr-
clal francs wcro 6sc!& for Paris. 6e7.s for
lluyrc, and bos.t for Antworp. Marks wero
D4tt md 8ts for posted, b6is for documentary.
Holland Iior1ns, 49n for sight; Austrun t!orlns
4l,l; Norway, swcdcn, and Denmark. s7H.
| Chlcngo Dnnk elcnrngs wcro st,400,0D. Dis
counts wrrc .Q1h per ccnt on Gull, and GOT per
cent on lime. Now York exchange sold bo-
tween banks Mt TSGlsoo per *ty0n discount.
| Country orders for currency werG light.
L Chicago 43B sold Mt 11i.
| In LunllGn, tIrttfsh CnnsoA declined from
Ds LILO IN u l1-iG on nccount Of nptrrlcnsloi,s
Of trn,lble in tho East.
| III its flnnnuEnl column Of Tucslny morning
tile New York 7IIolid tsoscribes tito stock lnnr-
Tho purchasing movement yesterday chi
brslcesl largo number nf orders frn An,.rcea
outs!,1e of tho purely speculative ce,1,cut nr tho
S 10 ss ac Ct ess 4 ns
Many Of those orders atp for stHcks s.ig
# mn5ehnn.ilses 9ivc a,np'o SECURITY Of
a x';n Hns Ct s Or srssa ssss POI ssusss "s,
s,ir.!,cv 1t ,iiyIdens. ure also being ns,s',rbed
link Of ailairs: Tho largn traio Of tho rnilroa,is
end M the aotty!ty IN trade; both e. sxcSptlonsl at
appreciation III values on the Stock Exchange.
ailii 10 these must 10 ad,lctl the movement nf
Eol,! tr, E5rs 70 this country, whis ,yas
i mcnts TINT contributed to tho enhancement or
securities lit thu autumn Of l8Tts
The Superintendent of tim it. Paul Il Onlahn
Lino has sent ulv!ecs representing tho growing
crops In tho region travorscd by the tuAl M
enornu,tB. and cxprcssng tho opinion TINT tho
earnings for tho remaining months of tlle cur
rent ycnr will show n vast tHcraRse over those
Of tho corresponding period OF 1879,
In the third wock ut Jnly tho earnings Of tiIa
Northern Pueblo, Enstrrn Division. weru $57,oo0
nh tnGrehsr 1T 81. COO: thta9 1T the St. loo wcrg
fH7,l7s, a Katn ot el4,s'l; ot tho KnnHus &
Texas, s1s,Hd0, n gain Of &HSS3. Louisville &
Nashville, &lG. a00, II gain Of tG7SA1, st, Patti &
| 0nluhA onrulngs Increased $500 In tho Sumo
| time.
Tho incrcaso In the net earnings Of tho Chi
caRo. 1sook Island & Pacific 1lni1roAu during tho
first tl,rce months Of the ilscul year Ia equal to
over per cont on tho presont eaptni, or 2 per
cent on The cnpitRl Ut year nEo. The net III
cuEs,u nj tho Company list yeIr WIS ovCr II por
| cent un tho cMpltal.
Thu Rst.s earnlngs Of tho ChcaRo & Alton
i1nul fnr tho Beeond week In July wcro: 1880,
$l5 f53; IT'D, SIN, ,.1; tncEeasv, &jl ,6rl. From
Jan. to July Is, 1850: 81, 8t4; 1870, &? ,Soi,
fNcroHHe, Hl,si1,n:D.
Tho earnings ut tho faka Isrle l. Western 1lNll-
road FOR Jnno wrse <lx, LII, agnilst $IS III; ia
for the same mouth last ycar. Fnr tho four anu
a hMls mouths onaIug With tho second wGok In
nly tho cummings were 800, an i,srrcuso ot
9l17,0!V.b!,
rim NniI nj rent trosatr nf TIM Eryw yorle Nnr3i