, 1880-04-20
The Stock Market Opens Weak
and Closes Strong.
Foreign Exchange Weaker, undcr
Increasing Exports.
Currency Accommodating at Chi
cago-The Loan Market.
Tbs Pfoduce Mafkel, Aclive and Very Weak
4 Field Day tos tho Bears.
1 sss.rs Dr.al, 1lsth In Grain ana Pro5ls'ns-
TAo Lowest rrttes Since LaSt 0et0Nr.


Vary lttto reached Ch!caEo from Now YORK
hho,lt the stock innrkct except thu qu0tntlon8.
Tho terrific wind Of tho night before prostr7ltcM
nearly every wire tca'lin9 Into this city. ana u
WIS nl,,tl all tl,t Western Unl0t. could 10 10
furIlsl. n,lotntio,s for tho Atock&rokcrs and thu
i,ont,, Of TrntIc. Prices u,e,led weak. md ="
pn,tln,n.d I'll ncnr tho cl.'st. when thcro was
very sharp rnEIy There uas Eoof deal tio'bg
III the ut,El stncks. lftlsltnn Wis forced do"n
from E!!f 10 eNit, recovering to BlA. Lacka-
wan,,n snl,l from 50 to S1st. GstnB ut e8A. Jer-
roy Central went or ~, to H. and sod finally Mt
III. rho movement uf thu nlurkct CONTINUES
to give evidence of manipulation. aud SINE
crctt!. Ia lent TO tho thcors TINT tho dcm0raizn-
tlon f. due to the efforts of very
powerful clique. who nre working 10
secure larger holdings before telling thoir
piuns New York Central rnnwel hutwecn 1He?s
md 13t4, Mlohgan Central between MY and
ny, LIKE Shore between lU1A nnd lQ6A, and
Eric 4et and 43s;: nit ut these cltstisJ ut tho
highrsi Prices lf the dny. Northwest recovered
from VIII to a4A. st. pau1 from iG4 to III. clos.
Ing ut t7si. Wabash nalo unin y, to h'K nEu
tho preferred III, to 67H. Ohio g. btlssiss!ppl !
opened ut ;s1A, sold down to x.ai, recovered to
N;,a, ceiling il,,ntIy at IS. The preferred 1nntlc
Il, to M. knnsas Il Toxus was UdGHha1'f. |
puetfc Mall aold ut B7x and 10, wherp 1t closo'l.
Tho prints given by some nf tho New York
pnpnrs tn luy e., o. & l. c. hnvo not hcrt 3usti-
actl by tho movement Of tho price, which hns
dRy, md closcl With MI Improvement uf only y.
Among tho gains not already Hlludcd 10 wero
Western Union 4, to 1njI: Louisville
& Nashville ~, to 1B; ChattIiiooHn ].
10 IL; Canasln Southern X. tn 90; North
cr1 Pacific IL, to ea, tho preferred III, to 6)S
fan Fr,s.,c1seo preferred ], to r.; Manhattan ~
tua0; Minneapolis n. To fa!i; BlOux City A. to
H1k: Mobile T. Ohio Il, to soh. lcsi1es tho
x,ssgs referred to Auove wcro Chicago, st. Louis
L New Orleans VI, tu3l!S; Chesapeake & Ohio y,
lo soa3; Atlantic s. Pacific 4. 10 ~: Iron Mo,int-
lin II. to <sf, nlter selling ut 45H; Union Pacific
Z, to8I. ---
Unp Ut tho sharp moves Of tho f'ny WINS in
Houston & Tcsas Central. II opened Mt 10, sold
down to f6!s. and closed at S0h.
Erie second Us opened ut !D,s and closed Mt nl.
ltnroad bonds, III Now York Huturslay. were
strong In the curly dealings. and prices nd
vntlceu Il to III per cent. Tho Kansas City 4
rexls Issues lost tho improvement Mt tho closc.
Government 1O,uls wcro acttve, anl largo
tn,pu1.ts uhangctl hands. The District Of COlutn-
on aG5s werc g.sf bid md ~ asked; tho ~, 1o07i
md 101ii: tho AIS, i034 and fSh: tho 6s, 10}}k
md 103s; and tho Gs, loa!s and l014.
!'aIcign exchange was very heavy. Tho offcr-
tnss Of b!lls arn lnrRer. both hero artt In New
FORK, md thurc Is every prospcctof m Increased
Export movement. Tho posted rntea for sterling
scro 4s5 md 4ss. Frcneh bankers bills were
iIsA md bl5. hnl German bankcrs' bills g5 Rnt1
s5a. Actual rites for sterling wero 4B4h and
H7ai. Commercial storinE wis lE.0iSeA;
french cotnntcrGia 6slH6ba5. Commercial
nnrka were Oh And Wtt.
Currency rccrlpts and shipments were both
light. Now York exchange Boll between barks
ut UoGb15u per 81, ,001 premlun,. Discounts nro 20
81 per cent, with II fair demand,
Large sa.ca OF the Cook County 4hs nrc re-
ported Rt 10l5s1lG.,
Alton earnings for tho second week Of April
Increased s444rUss. For tho first week Of the
month tho ircrcnso was f4G,:kE,.Sl, md for
tho yenr from Jau. l u April H. $711, ,'..S.50
The cnrnlligs Of tho Ch1cngn. 1t. PAul 4
Minneapolis lsnllroRd for March wore Sill, ,e0i.-
IN incrpase OF S2b,lM over the corresponding
olotth Of la70 Tho earnings OF tho Chtcngp i
Northwestern show an iMcrcnse Of 1s1.;0d during
sho srcosld week In April; those Of 1T. paul Il
minneapolis, sninc tiuc. iii increase of sl0,0l4,
md thnso OF tho North Wscnnsi,. sau,p t!tln tlll
: lncreaso OF e9o3. Tht nppr'xt'uato oarn!ngs bf
tho Indiann, Bloomington 4 Western halfway
Colnpuny for tho wGok ending April \, 1850, III
reported by thu Auditor. were $..ss.4So.t7; tntnl
,a.ne ttrio April 1871 $sEi,6.; 1porcnsc, sl4S. ID.
Tho Guphto has ths about Ontario h. Wcst-
srH:
Tho speculation In this stock hns heon hold IN
sheck Tor several wcoks by the aation Ct tile
Town Committees OIL tho tiNe 0f thq rltl. Thpst
people refused to SURRENDER ths Ulh atDck hH
By thotn to tho l,nw eorporaiton and tt!.eateIle
II tho sid lndcbtttl1Iess. hut tho Town Com;
sod S shulr ~ e s.eak. 'ei xs they Eoi lie !arscs
", hS t " any y.*R snxhb tbo wn y fnoax ,
lint tho r1a,rya1lizod Company will ttH perHttet
togo on US 1t hl!s hcgttn. Should this pr"vo t
b. fruo the Stuck is likely 10 hnvo Il shnrp I'D
YAhce,
The Inst bank statement, tho Epenfiiy Pos
,Ays, showa that thu banks nhvu gNlned by cur
rehcy receipts tIn pxGoss Ut the forced shlptnpnt
70 BOSTON, 81, ,Tl9 TN. This shows thnt the tide n
currency toward New York has t!raily begun Il
run In such vttu,nc nt 10 moro thnn uc'ttrallz
tho extrene efforts of tho stock spt0ulators II
dnplcte tho rr,servc. 'rhls return tldn uf cur
rst!ry will surely !tscrsase FROM thS t,me forth
and 1t IA reasonable calculation that whUn tn
bttuk BurctI!ators gut rGadJ u stslure tho man,
tnlIl!ons which they hnvu diverted tor their owl
purpuscs therH will bu u surprising inen.nsu Il
the Asnuuilr at loanublR t,lntlA hbre. Thu snnl
pnpcr says that tho stock market, tnore thu
at any tine since curly last ycnr, NJ,
pcurs to bts unlcrS tho control Of III
haIf h0zen spcculators who have 80 Sue
cassfuliy dcpr,:sseh prizes and manipulated III
nloney tuarket. Tint the n,ul1 purpose of III
leMuinx u these speCtlAtOf8 " 10 prupAre tor
buit cantuu!Rn ts yut beliGveu; but the prcss,ls
which hn9 tMcn kept up nOw fur three weeks q
money ani stocks hns induced most Of the s1la
pcoplb to p4rt with tho1r stoaks at 1tss. aud hi
mute "beurs" or tholn. 20 that Tho "stiHot"
nuw u *hcnrtsh" US 1t WIS "tulsh " who
/ lpsces wHrv to II per cent higher.
I TIC 41tAeF7eAh EffaAlsns h1aRcS IN 6hRlyRts
: | tho trial Gu.n,tce Of tho New York Ecntr
urt l, l3T9. to show that On Oct I, lB79 thare y,
lifted II net cash lioutluv debt Of {i, H22 U.s., "a
Z! sllawE. by tho following statalbent, while the r
~ surt to the HtAte Enxueur, uitor data Ut bet
so ls7v. reports no f4ntt,,g dslt: IL this sunl
); added to tho atcyuud hut not due, interest
= Oct. u, tho Central & Hudson labt aud the q
erucl rrutuls OF Hurluiu aui 1,th0r lcassd r,t
roMAa,--ill uil ulx,ut $l,'sn 0U,-wh have aoa
lny cash dobt On Oct. !. lH7s. exceediug the ~
: pr $astU,00u.
:, s------.--:.%
ylIE FIRST NATIONAL BANK
49, Il 1