, 1880-03-23
FINANCE AND TRADE.
Stocks Strong Until Money
Tightens at the Close.
Continued Rise in Rock Island-The
Shorts, Reported Covering.
Governments Qutet-Foscisn Exchange wcak-
Large Currency Shipments.
The Frodsc Harkets Mtiso md Very Weak
FieId.Day for tue CearA
Big Stocks Weigh Down Holders as The
Shields Did Tarpeia.
FINANCIAL.

slocks were strong until tho close. In tho
carly hot,&8 1t WINS REPORTED TINT tho Icnuln9
bcurA Ind l,ccn obliged last wcuk IN cDvcr their
short sMle# al heavy lOsscs, especially IN INC eos
stocks, nnl that strong combination mud becn
iut,ncd Ia resist my further attacks on tile
market, a,l,l 10 a.vnnce I,rco. The buoynncy
caused hy these rcp0ria, and by tho very atrnnE
opc.isg, was supported ly tho genera! feeling
Tint tho April settlements had hDer discounted.
md thnt tho manutnry strtt'Hency fehtcd Iaa
been provided aKninst. Matters continued III
this hMl,py condition until ncnr tho close, when
Tnonry suddenly became stringent. aha btocketAs
suddenly fell on. .'
Tho largest gain wns inndc By Rock 1slnMl,
which opened 1ti higher, at III, Fnll MS high as
l7y.; md eloscd at i77,t. lno!s Eontr,tl Shaved
Gut,d deal Of strength. ind hftur ranBlng ne
tween luJ unti t01S closed ut ft5,l, IN advance
Of IA, Northwest opened md closed 1T M, nfter
selling ut aGas lnI 957s. Tie preferred advanced
1si. to l0a4. Ut. 1nMl wont tip Il. to Asic, aell-
ing rs high ns b5!i, Mud tho preferred making =,
to iO6. There WINS II good deal tung In Ohio &
Mississippi, which scored Il loss of ]. selling ut
iUS04u3i Ge:}sai. Iron Mountain tncttlatcd bc-
tween Glas md 90, closing Mt the inter prlcn.
The cnnl stocks were strong. Delaware lill'l-
Sun sold Mt AHGbs5.s G1s5t; Iackawnl1,'h ii'stle
Il, 10 g4A, md jersey Central Il. to S5A; lsehl-
Ing lost Il, 10 7o.s; Michigan Central rn','lc u. to
~; Lake Shore X, to 1OSH; Louisville fnss,-
vile ], to ltJ: Eric n. to 45as: tho pre-
rcrrcl 4. to 7ol: c.. C.. G. s. l. y. to f9A; ST..
Juo, Il, to J7M; kniiaas s. Tcxns Il, 10 4a3i;
Wuhtsh Il, Ia Az; Atlantta & paclnn 4, to 4a4s
Northern rnc!isu X, 10 ;EE; tho preferred u, 10
Is; Ho,,sto. & Texas !, to ~: Alton & Terro
IIne u, tn 70; tho preferred 4, TO 10; Sioux City
4, 10 4as Chesapeake {: Ohio y, to Asss; St.
l.t,,iy s. New Orlcnns III, 70 AlT.
Imcfc Mill made tho heavest loss, declining
Il, ta 4a!i. Union Pacific wus down !, ~ saM
Columbus, Cl,Icngu Il InifanM CcntTnl u, to TN
Ca,,adu u, to 6ik: Ohio s. Mississippi preferred
III, 10 -, md SIunhnttnu X, to AK.
Eric sceo,ldA u declined from u to 9lA.
In rnllr,ul boHds, in New York Oh Saturday,
tho feats,rc was tho largely Increased dcHIan
for Erie consolidated seconds md funded 5s
which advanced TO 0lK for tho former aud to "
fur tho latter. Kansas L. Texas seconds vert
nctyely traaed III. and round amounts chhi,gct
haud4 ut o7AGe9, with closing sales ut osH. lror
MopntAin second preferred incomes advances
frun! Vi tusu
Government bonds wcrc Qu1gt. Tic Dstr!c
Of Columbia ln,s were u bld and o5 Askcl. Til
II were itdH and toG4t; tho Ans. 117:s and lu7A
tie Is, HEX and llr md tho Gs 104E and l0jH.
Foreign cxcl1nRo was dull, nnd decidrd!!
wcnkcr. The posted r1ltes for sterling wcrt
4H:,1a and 4SD. Actunl rates in New York wor
484A and Asah, md In Chicago tho same
Sterling grain bills werc 4sa'.46l4&3. Posted nlte
for francs wero 5isA and liz; and comlncrcla
fruncs were 51l4 and 5e4'.. Posted mnrks wcr
q n,l,l N,A, anil commercial marks 94A.
Ch!cugo bankers reported country onlcrs II
currency heavler. New York exchange sol
between hunks ut EN4ls1 per $1,000 discount
Lonus wcrc.tu ncttvo demand ut eGls per cen1
A greut many lonns full duo April !. and afte
that into money may DO eaBlcr hero. Dan
clcurings wero s., 500. 100.
Tho following quotations wero madc on tn
ChlcnRU Mining Board: