, 1880-08-07
Foreign Exchange Stcady-Mod-
crate Currency Move
nent.
The Produce Markets Rather Quiet, Int
Ttrmcr-pork Very Dull-1logs
1liglor.
A Strong Tono in Both Winter and Spring
Whoat-0orn Very Steady.


c1tontf through the whole list firm, l'drllnEtnn
s. Quincy down 10, say, Si0bi1c IL Ohio. Tho |
stcndIncss with which tho tnnrkrt hhorl,s tiicse
Offerings Is remarkable, and shows Tint turo Is
present Iargc body OF buyers wio hnvo tho |
fullest confidence III tho hnsincss future.
The Rpcoinf fcMturc Wis tho advance ot North
western preferred II l.5af from, 11f,s. 1t ctosod
Mt ia, u galn of 7. This adrinto 10 based oil nn
expectation OF 10 per cent dividends nn tho pre-
fcrred, which 1t Is known ihc rt,nd Ia morn thnn
cnr,stug. Tho preferred Stockholders must bc
paid 10 per cent ycnr hcforo tho common
stockholders tnn get rncre thnn per cent. II tho
profcrroA stock receives 10, tho common inny bo
rnLA 10, II earned, md amy surplus earnings
nbovo 10 per cont On both Il TO bp divided caual-
ly. Tho common ndvanccd to 10!is. nftor selling
at 0sA and closed ut 1o0ai, mn tlisancc of II. st.
Paul tympnthizad to tito extent Of n gain OF II;
on the common, to 60, and OF ~ on tho prefer
rcd, 10 11tA. ,....
Tho only othor stocks TINT mat'o gains Of or
moro were st. Joe preferred ]. to 7l.d; Rcntltng
2A, tn M, hfter selling Mt 24al: Manhattan Elc-
waited III, 10 2SK; Texas Central ], to G7:k.
Other enina were iock island II. to 1t4S; Nor
rs Essex II, to lo5; Illinois Central Il: to l13.i;
Wnbnsh prcferretl II. to III; St. Joo 4, tn 3oA;
Jersey Central =, to fai; Northern Facft!c II. TO
:Gyi; Sun Francisco Il, 10 1Bsi; Omnha u. to II;
the preferred Il, TO slk; md Ontario {: Western
Y. 10 aa.s. '-..
4IJosGc "GfH l1uulEkNha UAt A0A BGFSiC+ NHSeH-
pcalkc j. Ohto wont or Il, to 10; Chattanooga r.
to 67A; ATLANTIC 4 Paclflc Il, to Is; Western
Union 4, to 107A: Iron Mountain =. tD 57si;
Union Pnctnc ". to 0lA; Lnckawanna Il. to
s51; HUDSON II, to sol; Kansns s. Texas Il. to
3s4; Ohio Il, to T3a: Wabnsh Il. to 4ah; Eric
preferred y, to TN; Lnko shoro II. to losI;
Michigan Central II, to lU,a; Nov York Central
4, to 13l; and Burlington Quincy =, to 1:a.s.
Northwest earnings Increased s]he,000 in tho
fourth week of July, md 500 600 for tho month";
Chicago, Burlington & Quincy Il NOW earnfng
at the rnte OF Goo Scnr, or 10 per cent on
Its stock above all charges, ,.
Ertc sccond Is opened and closed at IL, selling
also at N0I.
llailwny bonds In Now York Of. Wed ncsday
were fatrty active, but tho market WIS st,ne-
whnt Irregular. EE1o co,isuls, AobEio & Ohio
first 1elentlrcs, Texas Pacific Incomes, mid tho
KAnsaa j. Texas issues wUrc 'inost prominent IN
.hc dealings; Eric consolidated seconds declined
from ol 10 f0ss, ans1 recovered to 9uT: do fundod
6s rccctcd frnm sG.4 to R5,<, ahu rlllicd TO ISL;
Mobile s. Ohio t'Ist lolcnturcs rose from 81 to
Sc, returned tc 81, and sold up 10 B3!i; Iexas PA-
ellie Income laud-grnnts fell on frnn, GDal to
CO.'S. and recovered 10 67A: knnsAs 4 Te1as
arsts declined from 1854 to 10lsi, md recovered
10 1n5; do seconds rccetlcd from '69!s to GG,
md closed at 68h; Busllnat0n.. Cedar
ltapins t. Northern rosa from u
to D.H, md rcactcd 10 9.k; 0rcat
Western seconds decllued from 10th to 103A,
| and advanced to 1ot!s; New Jersey Coutsal
conso1s asecntcd reccdcd from 10a to 10aai, nnd
| rose to l05!t; do convertible assanto1 advanced
from 10tH to 1O5; Hoston. Hartford & Eric tlrsts
declined from AK to lItS: Houston s. Tcxas
| Alntn Line Hrsts from 108 to IN, Mobile 4; Ohio
third dcbcntures from u 10 26 ati1 Peoria, De-
ostur e. Evansville flrsts from 1ol TO 100; lluFn-
| 10, Now York g. Eric llrsts advanced from 1s3,.f
to la5, Chicago T. Milwaukee tirsta from l1D4s to
TSrfu ,I.luf afn e.
| 3ront Northofn seconds Purchasing Committee
receipts from 81 to 3ast, Kansas City & Northern
f}rsts St. Charles nr1dgel frufn 108 10 10SM, Le-
high 4 WIlkcsbnrro incomes from II tn =. Nlnr-
ria s. Eese2 tlrats from 131.x to 139, st. Paul &
Sioux City ti9ts from 704A to los.
Ooyern.1cnt~ bonds wcro qulot, District Of
Columbia :kBas woro Us bid and 1O0 asked: tho As,
>t0as: bid and iosK askod tho ais, 11l,t bid md
111h nskca; tho b. 10..,ts bid md 102X asked, OK.
interest W per cent: tho 8s l0taS BID and l0ti
| nskod. Tho 10 clcaod in New York ut 1l0
| asked.
Foreign exchange waa lu1l, With but llttlo do.
ing. atetling posted rntes wcro 4s3 for 60
dnys and 48J for sight. Actual rates wero ",
| mad 4A. For G0-lny commercial bills forpromnt
delivery 470kGGt10A WINS pnld: for delivery Ibis
month, 45DAG47pa. Posted rates for Paris were
6.6 for 10 days and 6.2ts for sight; G0-t,ny cnn,-
1ucrcIal bills, prompt delivery wcto bs8. l5.s,f
for delivery this month. s.1asG sG55s8.5. For COLI.
mcruIal 80-dny bills, prompt delivery, OH IInyrc
and Marsalllcs, nDssGhaBA wus puid; for tue
samc, deliverable thus month. s1OG5ssai. sixty
day commercial bills on Antwerp. dul!yurnblc
prompt or this mouth Wore 5D15294
Haukers' bills on Germany wero gi1t fox
90 days md 04sf for demand, G0-day CON.
mcrcial bills, prompt and thIs months delivery
wcre o9k0o3 tin. pankors' Kuildors on 1lolla,t
wero 39Ii for 60 days and 40!i for tlolnand; u
ttays commercial wcro 39hD1p 40. Austrian
| f3frfnA ami To r0rIr
|M., a..
try ortlera for currency wore only moderate
Considerable amounts o1 currency nro boinA
brought from Now York BY the Chicago hanks
| tn anticipation 0f 4 free movement 10 tho In.
tnrlor. Now York exchange aola botweon banks
aa low Us sl,ee5 prr $1,000 DISCOUNT. Loans vert
Inactive ut nos por cent On call aud baD7 PC,
cout On tiit1e.
st. ruul, Minneapolis on,uha "a sold ut 100
aud Quincy, Missouri q Paolao lrst gold ds ut VI
aud fnteroat.
Tho Gmphto says Of Erie,
Itis rntnorcd that larRn n!lditionnl obligations
arc nbaut tu bo assumed by thu Eric In TIL
shupe Of lcasoa OF eonEeotiug linus. II u aait
Eovelasa Columbus. GInoiiihatl i In,Iannpo,i
l!oA!s aro to ,e virtually consolidated! VIZ th
Erie: Yhose who think Tho combination woui
| ~ ~ A1atV lRtV 9EbAI
tue sttNk ttt-tlny, UNI! tho w0uItl-ho bulls t,c
being .tcciast IL optt.loN bAye hce!tated IL tak'
the stock offered. The result hua boun woakr
tMnEkct for tho stoUk.
The Hrnss cummings of tho bIob!lo l. Ohio Il,
tito ycar cuaoti Jnnc ta lss1, wcro t32sl8t3, au'
/ tho. not earnings .4,sksd Out Ut those no
earnings tho Directors hayo ordered tho pay
mont Of per cent iulcEest I'm ts frat dehcntur
bonds, and per cont Oh the second dcbunturof
which appsopsiatcs tho balnnco Of net oar,,luy
left utter payuieat of Interest on Tho first mort
gnges for tho ypar, leav!ng balnnco Of xl5, aGC
; > Iiy tho decd OF trust tho interest earned uro
tho lebenturc bonds Is ouly payable tho lst n
February following tho end Of tho Company
Gseal year, 80 that tho payment OF ~ per can
| ol, tho first dsbenturoa Bept- Ia roally u Nv
! mnnths' anticipation of what IL required to b
dono noxt February, Tho statement IL parl!c,l
larly gratifying In that It shows TINT an lnorcaa
, os only $lS5 0o0 In MT earnings will pay tho tu
j interest on all classes Of tho debonturcs, an
I that MI incrcaso of $a70,WD lu net earnings wi
= pay Us por cunt Nu tho stock.
! Tho gr,sa earnings Of tho following railroad
= | df0 ran.trtn6{