, 1880-02-15
The Stock Market Closes with q De-
cidedly Bullish Look.
Advance in Quotations Along
Nearly the Whole List.
Provisions Quiet-A Better Shipping De-
mand for Corn.
FINANCIAL.

vance yesterday. The coal etocks1 #n1cn nave
been one Of the weakest spots in the market
made heavy gains Delaware q hudson ad'
vancctl ox, to ~: Lackawanna to -, to e;
jersey Central *, to s4z; and Reading 81, tt
6Sa. The agreement to stop a1-mining for 8
fortnight WIS the cause of this upward move
mcnt. Jersey Central and Reading had anothe,
reason for their gain in the reported settlement
of the oil traffic and the restoration Of the rates
which have ranged during the last six months
from 10 to Csc brl to their old figure 500 anG
$1~25 brl Both these roads do heavy oil
trafic. The New York Central, Erie, an6
Pennsylvania Roads will also secure additional
earnings OF many millions of dollars It the rates
are raised Mobile g. Ohio went up IL On re
ports Of new and important connections. The
upward move in Ohio & Mississippi goes on
although declared " officially" to have no basis
The advance yesterday was ~, to TN. North.
western was not largely dealt in, but was strong
and went up IL for the common, to BOX; and Il
for the preferred, to 105s. 1t is reported thai
this company has already earned enough to pay
81 per cent dividends on the common and pre-
ferred for the first half Of the year. In noticing
the increased earnings at this time it must no,
be forgotten that at this time Last year the
business Of the road was very light
Other gains were New York Central Y, to 12:
Michigan Central l. to 80; St. Paul i, to TSs; the
preferred Il, to Jos; Illinois Central Il, to l013s
Burlington s. Quincy ~, to l475t; Louisville &
Nashville 81, to 139H; UnIeu Pacific X. to Ree335
Erie Il, to AZ; Ohio & Mississippi II, to 25z
Iron Mountain II, to 6sE: Columbus, Chica-
go & Indiana Central Il. to e1z; Can
ada Southern y, to 69A; Wabash y, to
45z: the preferred *, to 69x; Minneapolis 4, to
IS; Western Union X, to lg6: Atlantic & Pacific
i, to AK; Northern Paciat preferred \, to 56A;
Pacific Mail *, to 40S: Lake Erie T. Western u,
to341: Chicago, ST. Louis & New Orleans ~, to
4e!z; and Central Arizona ", to 81.
The only losses were Lake Shore Il, to 104l4 !;
Erie preferred Il, to 7cx; St. Joe Il, to 10; the
preferred =, to .0x; Kansas s. Texas 7i, to 46xt.
and San Francisco preferred 4, to SIX.
The temper Of the public WIS more speculative
than for some time past and there WIS an in
crease In the purchases for q rise, though as far
as Chicago is concerned these were not heavy.
The rapid rise Of yesterday looks very much as
If there had been an extensive covering Of
Shorts
Boston Water Power was 177s: Chicago, Gin
eon, Dubuque & Mipnes sta, 81; and San Fran
cisco preferred, = to Is; Flint s. Pere Marquette
consolidated bonds, - to 80.
Erie second Is opened at 50 and closed at 93S.
In railroad bonds, In New York on Thursday,
a large business was transacted, especially in
the Eric issues. which advanced from 91as to
924 for consolidated seconds, and from S51 to
ETH for funded IS, the final sales being at
the highest figures Of the day; the dealings in
tho former amounted to 900, and in
the latter to .$467,000 Iron Mountain issues
we're actively traded In; firsts sold at III; do
preferred incomes at 94G944; seconds at 103h@
l04: do preferred incomes at 19Is1. Chesapeake
g. Ohio hrsts advanced from G6 to G.; do cur
rency Is from II to 414s on an increased busi-
ness. Indianapolis, Bloomington g. Western
issues were firm, especially the incomes,
which rose from G. to 81. Kansas L. Texas
fitsts rose to 1o5lI051s, while do seconds fell OF
from ISL TO G7T- Texas Pacific incomes i'd
vanced from zGa to ia; C., c. g. L c. incomes
from 43x to A;:1nternadonal n Great Northern
second incomes from 20 to -; international Sec
ouds Purchasing Committee receipts from - to
Il; and Metropolitan Elevated dtsts from 1n2 to
1En-
Chicago is a free seller of Government bonds,
except the District OF Columbia 365s, which are
in demand. They were 81 bid and ei1s asked
The IS were, in New York, 1861 bid and 1D64
asked; the Chicago quotations were 106h@lO64
bid and 1064: asked. The ~ were 1Os11x and 10sT;
the IS, 1G3k and 1G3H; and the 8s, 1o54 and lo5X
Foreign exchange WIS dull and weak. In
sterling tho posted rates advanced to 4S4 and
4S5A. New York actual rates were 4g3G4s34
and 4s5g4s5A. In Chicago actual rates were
4s3A and +s51z. Sterling commercial bills we're
4s1IG4slM. Paris bills, s3HG'55s3.4; Antwerp,
5s5; and Havre, 52i5s. German commercial
bills were 81
Currency orders we're light, and New York e1-
change was firm between banks at par. Dis
counts were In moderate demand at 61S per cent
at the banks, and 617 per cent on the street.
Chicago bank clearings for the week are re-
ported rs follows by Manager D. T. Hale, Of the
Chicago Clearing House: