, 1880-06-28
FINANCE AND TRADE.
Review OF the Financial Situation
Last Week.
Tho Produce Mafkets NEUTRALITY-SUSPICIOUS.
Somewhat Firmer, but Unsettled.
Oats Wtak-RYo Sirongtr-0thtr 0rafn nWer At
Tie Outset, but Firm Later.
FINANCIAL.

FINANCIAL.
Tho exceeding dizziness OF tho money markot
WINS tho unbroken fpaturo Ut business last week
I'll Chfcngo. Lolnnblo t,uls wCrc drn1. Tho
uccu,auluttons growing in tho minds ot our
buElks md successful business nie1 nre much
Brrntcr thnn thp nl1t,tiits nectseA by leHltinRte
borrowers for tho development of regular b,isl'
1,t,ss, manufacturing, OF building enterprises.
Tho rising alrptus must Boon find It'll overflow.
NVhrr tho overflow IA to bo ts The financial Gucs-
ton Of thu future. ltntea III discount woru +ao
1,er cent On cnil and a1l8 per cent on time.
There bus been a steady currency muyOi1lclit 10
tito country nil tho week, ind Now York OK
chl,ye NJ tho clos0 so,1 Mt 6n010c per IL GU dis
count. T,ocnl securities w0ro In futr dni'iand.
tho now Chcugo AIS selling Mt 1uI.t W investors.
cnscngo buying OF New York atocks WIS only
ntAlGFhtc. ..-.
Tho earnings Ut tho Lake Shore & Michigan
Southern Railroad Tor thu second week IN Jttsle
show I'm lncrcHso of f10o,VU.
Tho cnrn,ngs Of tho Wabash, st. Louis T. Pa
ellie italtsad during tho saihc ttinc show nii it
Crc,lan or $laAGf..
Those of thu Knnsns s: Texas railroad show an
i,icr,slsc Of sl7,vlu during samu time.
The universally Ut tho bull feclinE 's corsd-
cred the weakest fcMtllro Ut tho mnrket ly tho
Iictrlld, fur It IL aen.onstratvu Uf tho fact that
lho benr support ~ nlst cttrcty lost TO 1t md
TINT speculation Is ln!y growing 1noro atd iilnrr
lopslle,l. 1t Is IN Old rtltc OF tho Street 'that
wllcn tho speculative vessel Kets decided "iist'
n this sort lprp thRti customary careful look.
nut should bu kcitt f0r squalls
Hatlru,l,l londs In New York on Friday wcro
k.roslg md notsvc, md higher rslnEc OF prices
VIVA established III must OF tho lc!dtn1 Issues.
Eric rccunsosidntgHl seconds led In point or nctiv-
ty, md after dtctlning from ~ to as3, roso to
sah and rtrcted to NIX; do funded Is fell oil
fru,n st.s to k}h, advanced to Slh. and closed
nj SIX. C., q. {: |. O. supplementary ilrsts
suitl dawn FROM BS1s to 10, nnl recovered to
,o,z. Central Iowa ttrsts advanced from l0lb
IL lH:; Ctiru,s ArkRnsns s. Texas tlrsts
from HOY 10 l0l, nnnvur i 1tin Grnndo
Arsts declined from 1ujH to lotM; Lch[gh
S Wllkcsburrc nasentcd from W to e54: Ohio s.
mississippi xeeoi,ds from Ill u llOh; Whbash
seconds from lU5 to 10lA. Eric 4 PttsburE
consolidated Is roso from lU0 to 10lH: Hannibal
Est. Jlscph Is convertible frotn luah to 1UoA:
Indianapolis, 1lloom.nyton,.k Western incomes
from Ii To 20; Indianapolis, Decatur / Spring.
llGld lirsts from " To DJ4; kllsas Texas t.rsts
FROM lG2h to l0t4; K,nsns Pueil1e Gs Denver
uivisIon) frum 105H to l0d; Kansas City g.
Northern 1cnl-estatu " from l005f to 107; Mobile
a. Dhiu third ,1nbenturcs from 3lss to T.; MOrrs
u Essex consolidated tlrsts guarlIutecd fro,n
1Dal4 to tOsK; Missouri pnc!flc flrsts from 10sM
u iUl; Now Jersey ccs,tr1l flrsts consolidated
asscntcd frou l0iA to 10iE: do Incomes from
f5a{ To TI5t; vt. L,tils j. Snu Frnnuisco seconds
Glars q from rs 10 15Hs; St. Paul & Minme"Ys,!la
tlnJ- grant Incomes from l0o to 1uj; nna Texns
pacltic Incomes from G. 10 IT,
Thu Sun sAyB nil tho Indications now Joint
@ ~. pr ,,,.sa, o,,S lily. sns ,u ~. a,n
Investment securities. The fen1s Ut an outflow
OF gold which prevailed IL short time ago hMre
Gce,. disslpnttl by the export rctursls Of tner-
c1uudlsc, al, our leutftny hnkcrB e,llculuto That
enough bills will bo tar'.wt aRaiast cottoa mud
assea'tut' prac1s n 10 nice. m ' o1aas snn inr ,
tul.isoee 1ho s',' aet'' "us. ,., W a..
crease ct the loa'labie capita OF tl,e country
bl. u,ethuls uf u,nuloyln9 IT,. Commenting On
,ho % sa,ms, ~ fa,ta to e r,1nIu. i,n.s soya "s|
sast es,!so ras'se,a so,'as @ sss sssa.''y a.yaa.
clns n,,i some Ut thom rta nlrratly ahove prices
rnIs. Yield tue investor 6, PEI, l~r cent TIM income.
ol'lt oan'ia A'.o"n ~ " hosa' !" uoso "no
nave investigated them are moro III aosnand'
,nutt huncy few or t,es, Il, i,u huL ut pr1ces
,yhitt, vid Inn h,,ycr moro ttnn !, nor rc.t M.
nna inco,rlu. Tno les, % cl,ss Of dlyl,en,. pa,inu
kuown to the market us .nuney leudcrs thnn "a
dehicts III sncks' "heh moro ~ s4eh II demand
aof secufltlcs IRON those "ao pay III lhil ioF
S nL hoy y u Is sfapss ws 1s%' ts
n,inn, r"r ,op ~ md .v,h ,,,o nroscu, ~ ,cne,z,
Oun ~. .auo,t ~. s.a .'%A S'A0 'eo0s"N 3stea"'
PfOspoc9 Tor INC eoah1''
The Nutton says:
Lust week ut tho Stock Exchange wns
nnt,li,ie for thh nhl1nIInnta, III tn,tr,-
Af,lr fttttsa tn lou rutna fnr rorov
md tho dntln,d fur inyestnent securities.
Th,!lr hns leen Il fnrthor decline In foreign tsx.
einnEe, nnd tho Hunk ur E1lvland bus reduced
ltH W,ats" AsHen!ns " ~ p1F CGG'itv tIo nEtuAl
i e s hax nn ,1 tor FIJI ,ti,, ndso ~ 'ho G Nnr
srs xst asi hs yc9 se$ea II esa o w's was
hpEGuHtloti ~ HeuEk9 Nl!a 1NcfgluAnIlS1 WIS
hs"'HsnRs "AGA1 I'LL LUZ 61|A WIS uttAcS
e. e. ktep np speculative HEie.ss nnd olxr1.tlo'la