, 1880-04-28
The Stock Market Attacked by a
Dry-Rot.
Government Bonds in Demand from Nom
Taxpaying Patriots.
Foreign Exchange in Light supply-our-
ronoy Shipped to New York,
The Produce Markcls Less Active, and Again
lrregularty Lower.
Wheat Weakened By Foreign Adskes-A Good Do.
mand for Cern-Grain Ia Store.
FINANCIAL.

FINANCIAL.
Tho downward course Of tho market Wns To-
suu,ct with ITO sovero brcnk, hut with n eteady
tendency 10 decline TINT suggested dry-rot- |
Thprc Is Temporary absence Ut hnyora that |
hns plnced tho market In tho power of cliqiics
who nro mixing full use Of tho opportunities
usually n!yortlrd by \ brokers fnrkot. Tho
bulls in stocks hnvo bccn bulls in commodities,
and thor losses In cotton. Iron, and wheat havo
not added anything 10 the support Of tho other
spccuIaIor. Thero Is no loss Of confidence In
tho future, but tho present is wearing 70 tho
nerves of spcGnators on nnrgtns, especially X
tho mRrgina bo email. Tho cltqucs have
full control of Wall street now, Nnd will retain
IL until tho public steps In 10 buy, which Will
not De until tho ciQues begin to rnnrk up Quo-
tadons.
Money was cnsy and In good supply, hut nearly
everything on tho list lcc'nctl. Illinois Centrul
lost ", to 10lA; Now York Central Il. to Hlh;
Michigan Central Il, to 0OA; Lake Shore Il, 10
1o7s;: Eric y, to 4.si; Eric preferred y, 10 H''t:
Northwest u. to G,si; Wabash I. to 3aA: the
preferred \. to 87A: Ohio u. to ;lt'i: St. Joo Il,
to u; tho preferred 4, to 7i.i; Kansns & Texas
X, to 35E; racllo Mnil IL, to 40S; 1lul-
p son 4, to so.i; Laokawnnna n. to Msi;
Jersey Central 4, to II; Reading IN,
to g4A: Union phc!fc Il, to es!f; Iron
Mountain X, to 4oA; Western Union ~, 10
l05x; Texas Central 3h, to 70; Canadn 5outhorn
ferred Il, to a.; Sim francisco II, to 33M: Chcs-
upcake & Ohio y, to 2tA.
Manhnttan nude ,t, to u; Columbus, Chicago
!. e. Indiana Central y, to Ii; and st. Paul Il, to
Ts,1. ... 49,.
Eric second os oponcd at 01si, sold down to
Q1Y, nnd closed ut DlM.
Hatlrpad bonds, In Now York Inst week, wcro
strong OH well-dIBtributcd business, with tho
Eric, Kansas 4; Texas, md Now Jersey ccntr7il
issues most prominent In tho transactions. Tho
advance In prices was from to per cont. md
WINS Iod by Kansas 1; Tcxns consolidated as
.sentct1, do seconds. showing nn improvement Of
2A por cent Among tho nthor changes were m
advance of 9tx per cent In Tcxls pncillo In.
!. comos TX in Cnnada Southern tlrsts Gllarnnteed
~ in Denver & lilo Grando ilrats, III Indiana,
Bloomington e. Western incomes, and Il In Eric
consolidated seconds.
Government bonds were In good demand. Dis
trict Of Columbia 101s wcre OF bid, and 0a askcl:
: tho United States As, 107,i1l0TH bid, and 10''s
aakod: tho AIS, 1o8+z and 0sa;; tho 5s 1e3A and
10l; and the 6s, 1868 and l06!;.
Foreign exchange wis stronger. with smaller
supply Of hills. Sterling posted rates were Assn
md 48s,f: actual rntes were 484A and 4s5A, and
documentary sterling WINS 4seA04Sl French
bnnkcrs' bills wcro 5l84 and 5l5, md German
: bankers. bills o5 and a5ai. French commercial,
6.45G525. Commercial marks woro 04 and NJ
The foreign impprtatonS continue In lnrKe
volume, tho total at Now York for lost week
footing up tl1,ooss42 Next to dry goods, tho
commodities which innke tho most conspicuous
/ figure nre sugar, cotYco, hides, wool, 1nla rub
specIo m I'm md bullion ut New York during tho week
), Guiding Aartl z, amount 10 slt'.o'5' including
:: $l2 153 gold and ST.. 003 silver. Since tho lat of
: january tho importntlons will rcach g., DG. OS9
consisting OF sl,Os M gold, II, ,7s3 l19 Bllver, and
:, $l,0lp brass and copper coin. From tho 1st Of
ls 20 Ia ~ 1 do ". 'aeio nus DC pecn 1-
aota s1npoE'a.iR VI Saovsveol'o III WHICH ento''
aE IL eolu anu SNrl'oW sllvet.
Inefo was a. least ono sn,pmens OF currency
naue ~ 1so" AoeA' Ncm 1oiA eASu."Ao no'u
!, net"ceu panAs III ootp.oo pol ei,ooo Pteunuin
discounts "ete u,ouesnte NJ esso PCT coht' bs''lA
!, o'GatinIs woru ef.oo'oW. ,o7,,
=, Lincoln Inf6 ~ "otc sou y. io' y.
i; me eatn}n9s OF tno Anulaha, bloomington s
western are aa fohows'
For Tho week ending Anil ~
1o'0' 'an'e 'ef "p'i' Lso
lncrenso over last year...................s? tk3 z
1o@l '"o "set' e'ao's
Ihe 1oliowlng smtotnont OF ta9 ous!noss OF III
Apea of tho fennsy4pnnla sallrpad CoHpn1l,
cast q P!ttsours and ERIC Tor March. 1884, u
: compared with tho aaue month III lSiv, shows:
= IN ncrenAc ~ Kspss earnings u
An '1e3'a'' M e1pense" lo.N
An Increase In not earnings sof.".......... .ssst u!
Tho three months Of 1880, us compared vii,
:. tho same period III 1870, show:
=, An Increase in urosu earniu1s Of. tt.,n. n
An lIczcase In 0xpensea auf................. Wl,7v
An tncrcase In net enru,nes ef. Tg.1
"a Al lines wes, OF phtsbuIK md Erlo for tho
: nH;5s nsStS; Ss; dys; :;1S ss;:S !s gA
:. -
,.s Showing 1,, toal san
Minncano,,s < Maintain fta,iwnv comnonv I% r.
H. tvo woaks crnr 'a anr ,%' w. ,so EpTny Ty y, ~
!; week ondlng April 7, ss::,ssu,i7; wcck endll,
April II, q; totul $lfJ, ,5hi Il; iuurcpse owe
ea.no Po'tst ''7t .h'''tn' soo'eAu'o!.