, 1880-07-28
FINANCE AND TRADE.
A Temporary Check in the Rise Of
Stooks-The Market Halt
ing.
Elevated Rnilroa,l Stocks Suddenly
observation-disclosures for
Investments.
Foreign Exchange Hcavy-.honcy at Two
Per Cent In Chicago.
The Produce hiarke!s 'rFaeular-Pork Nervous
and Lowor-lard ExcltadIy Higher
Meats pull.
Spring Wheat ana Oats EasieF-0lher Bread.
IT'D. Flrm-Stosks Of Grain In
Store.
FINANCIAL.

FINANCIAL.
Thcro waa not tho uniform advance In stocks
that there had been for several days preceding
yesterday. A number Of declines occurred,
though they were slight. and at times the mar
kot hal ii "tuppy" lnok, ns II tho present rise
Ind Hono about us fur us II meant to. Notwlth.
standing this, tho disposition among operators
Is still To buy, and a fair roinmu Of pnrGhas1s
wns mRde by ChicnGo operators, Thrro arc no
rhnrt sellers here. .-
Rock Island mnde X. to l101s; Michigan Gem
trhl w. to W; LakeShorp !, TO 108st; Northwest
Il, to a5a;, nftor hcing ut o5af; tho preferred y,
10 INK, st. Pau1 ". to BSS, after scli,ug at 81;
tho prcforrcd t, TO 10G9;; st. Joo t, tu 3a; tho
preferred s5, to s2A; Union Pacttao y, To
etH; Western Union Il, to io7,s; Attan'lc Il pa-
Glllu y, to 45ss: Lnke Eric Y, to Na4; Northern
Pacific Il. to 1tf; tho preferred u. to Fl. utter
settling ut 56k; Omnhn J. To 4J9i; the proferrcd
IL, to 70; Chesapeake s. Ohio first preferred 4,
to 20.
Erie advanced v, to AK, but then declined to
i3l, closing Mt 1871. Tho preferred lost u, to
;in. Burlington & Quincy lost ". ~ 124S;
Cleveland, Columbus, Cincinnati 6 indianapolis
Il, to 7s,s; Morris & EBsex =. to l0dh; Illinois
Central u, to 107; Now furk Central II, to l3tI;
Wabash ii. to u; tho prrferrcl u. tt 709i; Ohio
preferred II, to Tti&; Knnsns i Tcxas II, to 8s!S;
Tacfu Malt u. to 4;.,f; Delaware & Hudson u,
II, to 53}i: Canada Southern !, to 9s.f; Column
bus, Chicago h Iudinna Central n, to 17ss; Mobile
4: Ohio =, to- =; Chicngo, st. Louis s New Or
leaus TX, to %; aud Ontario l. Western u,
to21!i.
A great many bulls aro sustnincd by tho theory
that tho bulk Ut hoasing stock Is still In the
hands Of the clique, and TINT these would nDt
nllow tho public to become discouraged Mt this
carly stnga OF tho game by my severe decline.
4 report, on good authority, TINT tho lli1lcul-
tics between tho elevated ronds wcre tn 10 sub
lMitted by agreement to n Doard Ut Arbitration,
consisting Ut tho Presidents Of t'vo lenlfng
trust companies, Rhvo tho clevntt1 stocks grcnt
elasticity. Manhattan eAnk to 1.!!s, but then ran
up to q, md closed ut sIss. N. Y. l.. advanced
from lt01t to 11l1s, md Metropolitan from s5'9
10 %. With good buyers for all tic stouk that
was offered.
A new pool ia reported III Pnclac Mall.
- Erfu second o. opened Mt u0a5, sud Ut 90ti alla
FS)Dai, u1ll closed ut ulM.
Tho markct for r.lilroal bonds In New York
lust week wns strong anu buoynnt Throughout
tho greater portion oe tho week, a1id thero WIS
II largc Increase IN tho rolune Of the business.
Tho grcntest nctfvIty WIS In Eric consolidated
| seconds, tho KANSAS E. Texas and Kansas Pueblo
Issues. Tex Pacific Incomes, Mobile Ohi0 de-
tentures. md tho Denver Il nlo Ornndc mort
gages. The widest fluctuations wctc In Tcxns
| PAuitlc income 1and-grnnts, which sold lip front
l
seconds advanced from 90x TO tOT,
rccet1ed to BaN, rnlllcd to o0;;, md
! reucted tn lGOH; KnnsnB l. Tc1us scc-
on1s declined from gQ{ to G34 rose TO CT, and re-
nctcd to GO3i: KarsaB Pueblo consols advanced
from D5 10 o7. and closed at O6H: Donvcr con-
structions waro IN brisk t9omnt,d, and sold up
| from HA to OH, The other moro Important
chnr,ges wore an advance Of AZ por cont In lron
| Mountnn second preIGrtel incomes, . Ill 10 first
| preferred incomes, 1 In Lak0 EriG and Western
Incomes, 2 In do tlrsts 81 In Sun Francisco Sec
onls Class D, IN do do Clnss Q, IN Lafayette,
! Bloomington 1 MuMolo Incomes, and. pcr cont
| in Houston T. Great Nortnorn seconds, Furchns-
lng Committee receipts.
l. Government bonds wore frm at tho hfghGr
prices nf yesterdays close. District OF Co,uth-
lin 3.a5s wore 1o0 bid and 101 asked; tho 49, 109.t
bid and 109sS askcd; the MS, Ill lid mud III Il
nskcd; the q, lG3h bid and l03A asked; tho 8s,
10s bid md l0I!< aaked.
Foreign exchange was heavy and without
variation. Sterling posted ratcs wero 4s1 and
4Sb: actual rntcs were 48s md 4S4, and storling
| commercial 40 md 47,l. For fnincs, posted
rates were 6s]il and b2lh for ParIs, Comihcr-
cial francs were 5soX for Paris, 6s'M for Ilavro.
and 628h for Antwerp, Marks were 3a;s and
VAN for posted, Odt1 for documentary. Holland
tlorlns, 40s for. sight; Austrian aorins, AN;
Norway, Sweden, ami Denmark, III.
The importntions of specie and bullion at Now
| 4UEA NuIlu& tAQ HCOh EAAlA46 1Aht s~1 AtAlAe1b
to a0, including 80 .a gold aud $ll o53sllver.
Since tho 1st OF january, tho importatlons will
rcnch 0i0, ,i67, cousIsting Of fls0 CSC gold, ~
OtN, IL. stlycr, and 81 g70 brass md copper con
From tho 1st Of August, 1872 TO July "a. 1880
there hRs bcnn totul importation Of $s3,ol7,-
ss9. Of which $77.1eS,oN La gold and so,sis, ,se
silver.
The imports at Now York last week wcrc so,-
b8s,417 a9alnst exports Ut tho value OF ~, ,vl5,se
The imports ror the wook were &2,EA ,Hp tnorc
than for tho sumo wcok OF 167D, and tho exports
were s3,o ,Fss more thAn for the week of 16sa
10 date, tho imports slnce Jan. amount tC
ISL el5, against $lS0, ,79t ti0 In 1872 m In.
crcase OF $l1i 90, and tho exports amount tc
sea 5lp, ayu inst $lG9, Oh III 1B70. mn IN.
crease Of 64d, ,9G Tho increase Of imports
exceeds tho increase of exports by ea7,Idl ,l6t
The bllance OF trade aEAIust Now York ON the
business since Jan. now Is $40 agatt!st
balance Of IL 0l2,G33 for the sarne tlnls III l5ip
md against balance III lts favor OF FS1.7D7, ~
for the samo time in 1875 And tho figures ol
this yoas1nclude an unprecedented exportatlon
Of grain.
Money can DO borrowed Ii, Chicago ut POI
cent on cull on Government bonds aa collateral
This is an unprecedented condition ut atTairs ~,
this city, and proves how groat " tho acon1nula'
ton at lido money and how small tho disposition
to uBe 1t in commercial or manufacturing enter.
priscs. Call loana aro regularly Quotud at U1l
| BEF cent AN0 uulG III Vlkl ptE Etuls lNGN
York e1chnnxo was sold betwcon banks ut 75]
e0o por Flu00 discount. Country orders to,
cnreuuoy arc light Hunk clearnnccs vert
9s,M10M. ..,
.Chicago u Of 1900 sold at 1e4N, u Of 1908 a
laS,<, and IL Of 1s9a at lQa. West Towu Is sold
at l9a. ,s
Dy way Of London we receive tho following
statenent OF entniugs Of the Now York Ceattal
| Graz Mt
tdfylthhs, fdFHlBQg
| For mouth ending June 10, l6O. ~ aiAtun sl,,f y
For sAms pGFiud Last yesf,,"".. 1.uAun 6AoQ
| 1noreAse e...,................:.S 6Auu 1lW
For n1nu months pndnQ June ~ .,,r,
Eos ss1as period It'll ieas,........ nI'ad1 Gl.Aaj
1uoreaas xas5uO tL1lo)
Wall street "Rlgnlu" Of tho Now York MI
thinks that II tho Wall streot R,anipillators VIII
have worked nrlcqa Ap To their prUeDnt hikl