, 1880-05-25
Governments strong-Foreign Ex"
change Higher-Heavy cur-
rency Shipments.
Tho Produce Markals Moro Active, and Most
i, Of Thom Worry Wcak-Corn Re!a.
tiycly Steady.
DrsadstuFs Depressed BY yery Largo Receipts of
Qraiu-AilWaulee Wheat Paxtd Hero
rs 10 8.
FINANCIAL.

effects of the Recalling failure. Tha led 10 free
Hnlca Ut nli the Gpn stocks, and to very Serious
decline In MI except Heading, whschh Ind already
Ennc about as low MS It could. Tho whosu llst
wAs affected unfnvornbly Ivy the course ol tho
crul stocks nnl by n selling movement In Lon
lion. This threw lnrHe quantities Of Eric sccuri"
tiea on tho market Eric second Gs won't ms low
RI GlA, Mt which price thcr0 were American
buyers 10 tako MI that were offered. Thcrc was
No ru!Iy of consequence, and at the close stocks
1nokrl stclt. There Ia some quiet rllrchas-
Ing Of Hood stocks by Investors, but tho
aggregate Of 1t Is too small to infect
TIM general course Of pr1ccs Persons
who thought Themselves good judges hNvo Mt
sovcF,ll points on the e1npo Of this decline
Thought the time hnd ct,li1t for n Init and a
march upward nE.titi. Dcttcr authority than r'I-
lnur t1ns It ttnt So old hnnd rs Russell Sage h,s
lost heavily by 'nistukfnE tho rally Of a couple
OF weeks nHo fer Il Konntuo recovery. Frequent
disappotnfments like this have destroyed the
confidence Of even nssdors az to their ability to
tell whcro " bottom" is. Most Of thom prefer IL
Keep out Of MI tho speculative thtngs.
Tho grcntest loss Of tho tlny wlizmado ty Jer-
soy Central, which Is situated innrn like tho
Icudiug thnn tho other coat companies arc. It
nponed ut 0.5t, Nude II, to E3.S. md thon sold
down rapidly 10 5oh, closing ut ii. n not decline
or 11M. Hudson did not rise nbovc tho opening,
;03s, but went of to G3H, closing at ". This Is
but 0 points higher ttan the lowest tlKurG
sGlchcd BY thfa Htock in tho great brcnk OF Inst
November Lncknwannn sold OF from TEX to
ssal, closing nt Guy, loss OF TX. Reading tiuct-
united between aJ!4 and I'm, closing Mt 10.<,
lecefno OIL.
Nothing excited moro attention, next to tho
drop III tho conl stocks, than tho sudden weak
ness OF Erie second 0s. Thcso bonds r,a,te Il. to
~, md thou In consentonce OF eules in London
run down TO &'A md recovered to 8i3t. It IS
officially announced that tho 3 per cont Interest
IL. III
bombs ut prcseut prices aro chcnp II tho stock Is
worth anything. Eric common lost ~, to III,
md tho preferred 3as, to 50.
Almost ul tho nettve stocks nro now rs low rs
they went during tho November pnnlc, md sono
arc lower ErIc sold Mt ;s.< yesterday, only Il
above Its lowest then. and tho cxtrumc point OF
depression FOR tho prefurrcd, which yesterday
wns u WIS GU In November. .'
Houston &1exns Central advanced X, to a.
Eric second Is opened ut B7T. advanced to 88,
declined tuK,k, nnd closed ut 84s.
ltailroAd bonds In New York on Saturday wcrc
lrrcgslur OH moderate volume of business.
Erle consolidated scconts declined from " 10
IN, roso to ISL. nn1 returned to ~; 10 funding
acclined from u to E2.h: do 4s rose from lois to
loaaa. noston, Hartford & Eric tlrsts declined
tr0sn rs to Is, and recovered to n. iiAusus i
Texas flrsts declined from 1u2 to 101: do seconds
from 5hst to b5h; Chesapeake t. Ohio cur
sency % from % to :j5h: c., Z. s. /. c. iucomcs
from E'A to %; Hannibal i st.. Joseph
convertible Bs from 10S to 100H; lrun
Mountain second preferred incomes from 101s
TO COY; Metropolitan Elevated tlrstB from 10lA
to 1Ol; Now Jersey Ccntr.l tIssts consolidated
lssenteti from 100 to 1ol,4: do adjustments
srou, 1oi 70 105A; Nock Island liz coupon frufu
llSaf to Iii; Texas paclAc incomes from 501s 10
Nsi: Wnbash seconds from DDh to 90; Houston
l. urcat Northern seconds Purchasing Commit
:ea receipts from II to 70; Circuit Western firsts
advanced from 108H to 100; indianapolis, Dloom-
ngton & Western tlists from 7: to TIN; do ilrats
3refcrrcd from 1l814 to III; Fort Wayne thirds
from lloss tn 1so.
Government bonds in Chicago wore rather
tuict. District Of Columbia 315s wera 04A bid
md d asked; tho United States 4s wore l07,4
I'D and lU7A nsked: the AIS wero 10a.i and
l0ats; tho Is lG] and 101N; tho 0s 10Gsl aud 107.
Foreign exchange WAS strong, and sterling nd-
Fanccd half II cont Tho supply of bills WIS sonly
.atr. Sterling posted r4ltes woro 1877 md 4v0.
Actuai ,,tca wcro 4soA and 4so,,4, and docunlcnt-
iry sterling WAS 48iAGb4s4h. French bankors'
bills wcr, ED nnd 5l71s. and German bRnkers'
bills o. and a3h. French commorcial 62iHD5.5.
Commercial mhFks were VA.
Chicago bank coarings waro &, ,000, ,0O0. C0un-
try orlurs for curruncy wure hUavy. Now York
exchange sold ut 25c pUr $1,000 discount. Lonns
Hero dull ut tG1 per cont Oh Gull and GG8 per
scnt oil ttHc.
Chicago City rs Of 1893 woro sold at III; Cook
County 41ss at 1G3; aud District Of Columbia
t6ls ut 05!t,
On the Chicago Mining nonrsi tho following
niles wcrc n.ndu: 100 st,lres 0f sierra Mt :AU;
ka1 shares Of Shenandoah common ut a0; 3Ul
shurcs Ut sheAnanlolh proforred ut x5; lou
ihnrcs OF ChlcaHo & Silver Gilt ut 70; $1,000
-o0k County ~ Ut 1851 NJ ILL.,