, 1880-05-20
Sharp Rally In Stocks Caused by
Purchases to Cover.
But Little Investment. Buying or
fresh Speculation.
Governments stronger-Foroign Ex-
change and Currency.
Tho prolutc Markets Irsgular-rFo,kions Tame
and Easier, but Rallied Later.
Wheat Rather Wcak-A Decided Rally In Corn
for May Delivery.


FINANCIAL. i
Yesterday tho rally tbat haa been expected by |
most observers at tho recent course Of stncks |
cnmo. All tho active stocks, With ono or two
exceptions, advanced, md tho gnnB wcrO
heaviest IN thosc thut havo lately declined tho
most, Tncro wns some frosh buying reported
for Investment Hnd speculation. but tho re-
cnvcry was attributable Utmost entirely to p,ir-
ctascs hy TIM shorts, ltunnrs to anrm these
gentry were frooly circulated. 1t WIS sAid that
Investors woro on tho street buying everything
Rooa1, md taking 1t nwny. There Is unQneAuon.
ably Disposition to buy some good sticks. but
Il Ia not general. nna hna mot yet resulted In
purchases heavy enough to cause any permA.
ncnt Improvement
Canada Southern made ~, tn 4px, opening at
4tf. advancing to 4Dal, and closing Mt 40Ii.
jersey Central opened Mt 63h. lost Il, to Glss,
md recovered IL 67!s, Il gain FOR the lny Of ~.
14ackawnnnn 1nad1J .. tn SUH; and Hudson IL, tu
s.a:. Rock Island on tho:fayornble showing ro-
Gently 1nnc went NJ, ,. tn 19l: Cleveland, Coiuin-
bus, CINCINNATI & indianapolis gained ., to T0A:
Norris & Esscx |, to III: New Ynrk Central ~,
u 1@0; Lake Shore ~, To f1si; Eric III, to 3os;
tho preferred III, tn H.: Northwest 1, u N; the
preferred \, to 107; 81. Pnul VI, to TN. after
selling Mt 0aE: tho preferred =, tu i00N; Wa
lush III, to lsa; tho preferred IN to TN; Ohio
Iii to TN; tho preferred :, tU Is: st. Joe lii to
eGas; tho preferred 2h, to G9h; kansas & TnxAs
H. To 81; Pacific Mini III to ;e,.t; Ron,ng .,s, to
4sh Columbus Chicu9o l. Inl!nn cuntnl Il, TO II;
unun l'aclfu ", 10 s41i; Iron Mountain w. to
4aM; Western Unlnn IL, to MIL, after selling at
o7H; AtlAnt!c & Pnol,lo u, to ;sssi; Lake Eric &c
westcr,, II: To "4as. nfter selling ut ~: North
crn Pacific s{, to:zi tho preferred H,to44.l: San
Frlnolsco 2, TO q; tho prcferrcll ~: Ntnnhnt-
tah Y, 10 20: Minneapolis 2ai, tn IVA; Sioux City
~. to asal: tho preferred ~, 10 IN.
Illinois ccntral lost e, to 1o}, mud Mobile &
Ohio Il, to l4M.,
Two worry uncertain things arc now mentioned
moro frequently thnn any othors III calculations
Of tho future of Rto1ks-tlo cn,i,s and politics.
All tho present prospects point 10 good crol,s.
Except In tho fur West, particularly In KallBus
md Ncbrnsku, tho wheat Is in good con-
ditlou and pruuslaos ut lenst IN aver
nge yield, with arcat'y-incrcascd ncrcagc.
Eastern Knnsns Inns hopes af n crop never sur
passed, and expects to ship whent to Chicago by
tho end Of June As to politics, tho business.
men Of this ncIghborhoud look with disgust, ,nnd
Indignation upon tho fnilurc Of Congress- to pro-
v!dc certain preventive against my repetition
Of trouble IN tho Presidential count, It Ii not to
Do disguised tAnt there Ia n growing feeling of
apprehension about tho Presidential election. a
roul-esthtc agcnt n tay Or two ago offered
piece Of property to capitalist. Tho cnpl,nlst,
instead OF l0okinK ut II, sntd: " Whit I'LL nftcr
tho Presidential election" Ycurs In which theso
elections occur ure niways dull unus in bi,st.
ness, but this ycnr there Is tho special
buEbear Of tho complications of~tho last count.
What happened then lnay hurpcn ngnin, c1.
cept TINT tho compromise which thon nyortcd
danger would not bo possible ngnin, n,ld Cot,.
Krcss hns provided nothuy to tukn lts place.
Tho one thliig that cut now 10 done to rcstoro
public conhdonco is tho nomination Ut 30 Rotxi a
candidate by ono party or 10 poor n one l,y tho
Other that u close election vii. bc Impossible.
Erie second Hs opened ut RSH, declined to 88t{,
went tn kAts. nnl mid Tim f.11gt$ n
} ltailrond bonds, in Now York OIL Monday, ,ycrc
active but Irregular, and In tho nnin wcilk nnd
lower. Eric consolidated seconds wcre ngnu
tho foatur0 or tho doalIn9s, these bnnls a,-
vNnclnE from B0h to Boss. doclniug to sSA, and
TrcovcriMY 10 BSA. KansaR & Texes yrco,de
wcro also uotlccahly nctiyc, md sold down
from 6oiS to tex; do Arsts DECLINING from
10Uh to 100A, Aomc. Wntcrtown & Ogdo.lE-
burg 1rHts consolidated fell of =. per
cent, TO Go, but recovered to u. Wnbash SEC
uut!s declined from Da to Vi; renria, Decatur t.
Evansville incomes from 81 to &c; Toxas p,,cl.o
incomes from Ut To 59h: Chesapeake 4 Ohio
trsts cinss from, ~ tn t5; Cuiro Fulton tltHts
from loi,t to 105 1ron Mountain first preferred
lno,1nes from 50 to 70; DO second do from ~ 10
q; international seconds Purchasing Commit
too receipts from, j. to o.; boston, Hurt
ford l. lir1o tlrs.s from Jssf To By; Ku,,-
Hns Pue(lln consolidated fir1ts from 0l.. to
VI; Lafayette, bloomington &MunGle frsts from
w pt5tt AsSAEA ~ "HhtHNht}Q N9&OdllGu lEltH
pNA to 10; New jersey Contri irsts consolidated
nssontcd from 00af to VI; Ohio Contral ilrsts
frotn 20 to 9D]s; Snn FrlncfseO ciAsa II from 7Ol
to "; Western Union "a from l1t1s to lii; nnd
DeiaWnro g. Hudson trHts of lBBk from 107 tO
1908. Houston s. Orcat Nortlorn seconds pllr-
chasing Committee receipts advanced from "a
" nj; ColuNhus, Chicago T. Indiana Coi,trti In.
cosucs from II to 81; burlington, Cctlur RupI.ls
q NOrthorn tlrsts from 70 to giN; Eric Is from
ll0iz to 1llH; Cairo, Arkansas j. Texas tlrsts
from 10oA to Olss; urcat Wcster1, 1lrsts from
l0osf to 107; Koutsvic &; NASHVILLE consolidated
Is FROM ll3 to 1l3!s; Now York Cpntral trsts
coupon from II to 12'h; llook Island irsts
coupon from 1l7h to lii, Wnbash Arsts from
1oy!i to no; and Cleveland, Palnosvlllo & Ashtu-
luln u from l1UK 10 1l6.
Everything In Government bonus was stron1,
though transactions wcro light. Tho District VI
COLUMBIA u.o5s wore w bid md No.; asked; tito
Unstotl Suites a. wcro lo7!s bill aud 1074 asked;
tho W. woro looH alid l09A; tho Gs 10 Hud 10334:
tic 0s 1855 md lOG5;.
EDipign exchange WIS atealy, with u fr,ner
tendency IN rates. Sterling pt,stcd mites woru
4sdst aud i89H. Aetuul rates were 4Sa and 4sY;
amt documentary Rsorl!ng was 4xl.; biS14.
French blnkcra' hills wcre HU and 6l7,t, and
GcrlaAll ba1Itc.a' hi,ls Us and Vln. French COM.
Inorrlnl bs4KG5.5. Commercial ,naska weru 0.}1.
cA!cago bunk oloarfnKs wcru $t,sN0,001 Couu-
Try orle1t for currcnuy are noruaslug, and Now
York exchange lias tallcn to bhtB1o pur &l,0o
premium. Discounts aro qulet ut 5Gs0 lpr cunt
o1i Gull aud Gsta pvr cent OIL tiiuu.
Chicago City = Of lHu0 wore sold ut l1l;S.
sales on tho Chicago sitn!uK lio.rl wufo, 100
shnscs 6lnrrn ut IN; alU0 sl,arus Of Chlcnyo 4
oliver Gilt Ut as:7M: 1u1 shares Ut Shenandoah
COMMON ut 20; ;N0 shnses at Shenandoah. pre-
ferred ut tG0; $5,CU0 Cook County bs ut l0.aft
s10u00 Cook County AIS ut l0.ts and Sl00 0O0 C4i.
cugo, milwaukee, j. st. Puu! Dukotu Extension
psr ccnts ut 100.
Congress III nut disposed to allpw tho National
bAnks To extend further fnulltIcs to roal. al.ugtato
hpecuiAtnra. Tho ltpuse Of Representatives hns
dcfeatcd by an overwhelming majority tho I'LL
10 allow Nnttonal banks to loan ono-fourth Of
tAoir Guplsal on r1ni.ustuto nl0rtxuKos,
III boston Water Power tho Herald says thoro
~ pool which will buy 500 shaFos, iA whIeh
c,!sn higher prteos will ho mlde.
Tho 0iiiciM stltomont OF tho business ct tho
Ncck Island lallroaa shows IT. not earnings fur
tho year ending April ], lSa]. 10 have been IL
lo iMr cunt Oil the oap!tul stock. The stuto.
iiin,st In full Ii us follows;