, 1880-07-02
a Sharp Docline in Stocks Followed
by Prompt Recovery.
Light Currency Shipments to tho Conn
try-Forcisn Exchange.
Scmi-Annua1 Dividends Declared by tho
Chicago Banks.
Tho riodaec Markeis Mora s'li,e, md Generally
Ilishcr-l'rofislOns Strong.
Ihe Continued Rain Causes an Advance In
Bteadstuf1s.
FINANCIAL.

bFeauSluUSs
FINANCIAL.
S,ocka opened wcnk and declined n point or
twn, rullIe aill snnk nyniu to still lower point.
Tho market ut one time Ind Il tlccf''e'ay stakty
tD,'k, and Tho bulls began to fcnl apnrchonstve
thAL they weru in for hh0arlng. Hut Western
Unson. which led tho lIat 1owt. turned In tho MT.
traoun anti tel It up agnin. ThnFo was II renewal
uf tho ruIuors thnt Gould WAN III pursuit ~
<ecnc, wtu hid hn,l 10 sell freely Or his hnnrd OF
stnckH. DIseounlginR ndvices WIRE alsh rccntvei
from Minnesota with reynr. ~ tho what crnp.
Spring whcut WAS reported IL ho yellow. md tho
chtncl-bug to be hntGhlug ont with Atnrning
Success. These accounts cnme froli, wcfi-'n.
formed sources. hut did not hnv0 mitch eiloct on
tho prices or tho Granger stocks.
Fluctuations were 1Utiv.,. SHw York Central
went down frrnn l2.li to 1:at,4, rising nfterwnrl
u I2s!l. Michigan Central dropped from a.z to
ul}i, rccuvnrinK 10 02. Laku Shoro r1lnged t'a-
tween 1lisi nnl 11j+i. closing Ut U5 an advance
oF Il. Eric lost !. tn IN. md then lnato III, to
40a. The preferred sold us low us 8s:E, selling
finally 1T g7 n Knin Of IL. Ohio cosntunn went
frum n to :li, ind closed Mt 3:A. kAnsas
Texns ranEes, between BIZ and :st'i. tho tlnal
tluMntion helng ;kjA. Thcro were sevGFo inctua-
ttous in tho ct,al stocks. There have bcon sonlo
sGr0ua stories hilont 1ateiy Aluut tlcso contnt-'
ntrs, And tho street Is quick to lot gu or tfom
llNuSoii l)Sl ~ " 10, DN% EEKA1lleu AHo AHA ho"
Mt II Mt tho close. i4itckawnt,na rtcetnd
from tx to 10, getting buck to ~.
Jersey Ccntrli went down from GGh
to GIN, and recovered tn G8sa. tending
loste, to l4si, hut sold nrturwnrti ut 16A. Vest
ern Union WIS Regarded us tho key of tho situn-
tio1l, alll everything went down with 1T II re-
cettcd from to3A to lu1!s, und recovered with it
As 1t roYu Agnn to 1Ess. I'D,
Other losses werc Chesapeake s. Ohio u. to
tn: sun Francfsco preferred e. to 4JA; North-
crn Pnctfc preferred |, to 48h. tic common 4,
to "a; Lake Erie s. Western 81, to27i; Chat
tannosa IL, to ~; Atlantic & Pnctt!d Il, to tu;
1run Mountain II, to IL; 1t. JLc Il, to 81: lllols
Cetral Il. to los: nnd G., c., G. & Il, 10 tist;.
Isnck lslund Ativatlcct |, 10 ibf; Now Ynrk Cen-
trnl u, to 1::si4 Lake Shore X, to lU7; Eric 4,
to iusi; tho preferred III, to u; Northwest
ern 4, u 1l1: st. Paul II. to 70A Wubnsh y. to
~: tho preferred i. to GjE; st. Jue preferred u.
ia 7 pncc Mail II, to 3a,i, e, !. e. p, II,
15h: MAnhNttnn II, to H. anl Chlcago, st, LOFTS
l. New Orlcnns u. to :8.t.
Erie SECOND IL opeIed at B9S, declined to B7ss,
md closed ut ssA. -
II railronsl bo.,ds In Now YORK on Tuesday,
tho chief netIvtty wns III tho kunsas l. Texas
ind Eric Junior mortgages. In the carly deal
jtlgs thuse securities fell or sharply, hut towur,l
tho close there VIM par,tal rrcovury; Eric
consolidated srcotl,ls ccllncl fron is)!i IN Ysa,
n,,t! recovered to HS7s Io funded IL fell nr from
K1,a tn g,'i, Mnd recovered to ssA; Ilansns l.
Texts !irsts sulA dDwn 4rUM 105as to 1ltta{. md
10 seconds frnlu NiA tN Elaf. Tho iHttct rcrGvcF-
ig toss, md Eenctng IL YAK: lsoss0u, Hartford
4 Erie flrs;s fell Of from 4iat to 4:1i; Chcsn.
Dctkc u 0hl0, class H, frOm w tn bs3s d0 cir
renty Us from 40 to :ky1; Eufro Arkn,lsas Il Tux
MS !r+s from 1Ua tn l0i.t; Michigan Central
Hinklng fnlNt Ii from lo9 to l05: Hreut Wust-
ern seconds rose from f0t to 1tE.td; Mobile &
ohta ilrst aebrntlircs frnn 'Has to t1 New Jer-
Fey Central adjustments from lM u lGiH; d0
1lrsts from lltss to lis; Texas pnetsic Incomes
cold lu frnn u I" GIs, nl'd rcacttl to G14.
I5'iSlurss III Government bonds wis fnlr. DIS.
trlet or Columbia dd5s Wcre a'H bid and 9Sis
asked; tho AZ, 1Os c1-t,ltnrcst tlh n'1d 1tsS
asked; tho Ais, t03I bid ind ITO taketl: tho IS,
lU',s bid and lW,h nskch; tho Gs, lUI cx-inter-
4sl bld nnd lOi.4 asked.
Foreign exchange WIS flrmer IN tonc. st0r-
nng p'ste rites wero ~, md lSass. hotl.nl rites
were isldoss9!s; md sterling coIntnBrcia iBl&0
4slh. For fra'1cs, posted rntcs were E2lt4 niid
bihal Tor pAr1s Cntnntnrcial francs werG basif6b
620!4 fur 1'arls, b27ta for Antwerp nnd Hs.vre.
Marks ~cro "fS and e5si Tor posted, ttl Gf's for
documentary. Holland florius. 4o!s for sight;
austrian iioFihs' Ala; norway. s~cdcl'' atiu
t;hIcnr,, Inn, link cIcnr,,,ys wcrc ss.r,om Now
York eschu,u,, wna ,nnrc IN ,ir,,,un,l. ond nj.
Currency shipments to thU country wurc lIeht.
Loans were dull, uud ranged between 46su rcr
cent on eau anu NOS per cent o'' lime. Counter
transaction were mure active, OIL uccouAt Of tho
NIonthly settlements.
M, hrttnr r,,I,I.mro couti IN fo,,rd ~ tim t,,
,,,ov,nt st,ta ~ ,,,.sa ,.rs ~, w. a.o
, e.ato ", nas.ntss thii' .l'o lh'Aer u'''-
uends now 1nude Wy INC chicago Drinks. AmunB
those tutely declared uro tho First National, :pcr
cent quarterly; tho stcrctiants suy,t,Rs, LonI, &
1Fust, pee cont q"afterly, mo Cnnn'erelal' tho
hiorchnhs'' Nntionua, and tho Fifth NAtlonnl,
euch por cent EenlL-nnnuuy; und tho
The Northwu,,urn National corres .ts ,,r,,,i,s
.eoAla"eo'o'' No.'o""' eM'tcs ns FEoAts
luto It's surplus. nnu 1tinkes no dititOnd. thuuAl
It could declare one OF 1Uo per cent. All tbo