, 1880-05-04
Every Active Stock Shows q Loss
Tile Losses Heavy.
Governments Active = Foreign E1.
change Weak-Light Cur
renoy Movement.
Tho Produce Markets Moderately Active, and
Generally Eas1oe-prosisIons Weak.
Grain Somewhat Depressed BY Vino Weather
Wheat Coming Atro from Milwaukee.


An uurclcntIng pressuru was kept up On tho
Ittcls market nil iay. Forces apparently nrc nj
work moro important thnn more cliquo 'ilanipu-
lauun. Tho dulncss OF mercantile business sud
tho prospect that thore will bo littto improyo-
n,cnt I'LL fall aro being used with tolllng afleot
by tho buars. Thoro ls n growing disposition on |
tho part Of long holders u sell out, nnl 10 short
These who have dono SO have tnnde money or
retrieved tho losses they would otherwise havo
hAd to pocket.
Tho coal stocks continue to soil of, md confl-
denco In them Is being shaken by tho had re-
lnlse III tho Iron business and tho belief that |
bnLioIn hns net bcGu touched yet. There nro !
rumors or u reid on Hudson lik0 TINT whloh \
lust November carried it from 8Qh To b9.
The market yielded In somo now places,
Northwest. Eric, Lnko shore, Sioux City. St. |
Paul, and sonlo others showing weakness they |
havO conccnlcd TIL now. Nuw York Central
went oil two polnta MS easily ID my othor Gould
fancy.
Mono OF tho notivo stocks mat1o any gnina,
md tl11 losses wore heavier than thoy have bocn
for mnuy previous days. Noek Island lost IS, to
ls9H; e., C., G. t. !. 4, 10 T.; New York Central
3, to 1asy;, Rttor selling ut 1:s Michigan Central
opened Mt ". declined TO s0A, and closed ut ".
Il loss of ~. Luko Shore lost 2, To 10If. Eric
sold mt AK n1t Aln, md fnally Mt AK, n Ge-
cilnn OF ]. Tho preferred was oG TX, 10 o..
Northwest went OF from 1gA to 0oX, utter
wards recovering to gl.k. st. Paul sold at 1850
1s,;, tho highest, md closed Mt 3o,s, tho lowest
ct tho dny. The preferred sold of
az, to GIN. Ohio WINS gftD;e.A 0S2X, md tho pre-
ferrcd closed II lowor, vt "a St Joe common
won't down III, to 3lT, and tho preferred ~, to
G9E. KAnsas s Tnxas was 1hGl1iki G1Esi 0a3sf.
rnelnc Mntl, 3ox0a0H 0sss siGaisal. Hudson was
~ lower. Mt 5sH; Lackuwnnna J, at 84h: Jersey
Central Ii, at fAX; and Reading !, ut IN. Tho
other losses were Columbus, Chicago s. ludtana
Central l, to IL; Union Pacific II, to 70; Iron
Morntaln X. 10 4sal; Western Union 1h, to
iOi;s: Atlantic l. pna!so IN. to 42; Lousvlllo 4
N'lshvlllu TX, to l25; Chattanooga 9, 10 70; Lake
Erie Il Western Z, TO ~; Canadn Southern X,
toGo; Northern raciNo 4, to TN; tho prefer
red x, 6l!;; San Francisco, preferred, 10 70;
Manhattan x, to 1HA; Sioux City X, to 41h;
and Chesapeake 1 Ohio u, to 20
Throughout the list the oponlnR prices wcro at
Or near tho highest, and tho closing about tho
lowest OF tho day.
Tho dividend on Chicago t. &Northwcstern oom-
mnn Is to be per cent.
Eric second "a were strong, opening at VIZ,
ceiling ut q, and closing Mt VIZ.
In railroad bonds, In New York OH Saturday,
tho Eric consolidated seconds yero nRaIn most
prominent IN tho dealings, advancing frUm YEN
to tEi. and reacting to Die; do funding doollncd
1ruMs SGn to H5A. Knnsas 4. Toxns flrsts from
lG!a to I01k, md slo seconds from q. to G1l4.
1ndfnnnpuIfs Bloomington T. WGstern incomes
advanced from To to GlA; Mobile s: Ohio de-
hcnturcs from 70 to u; Union 1'aolfc sinking
t,,nls from l1G to III; Houston s. &Tcxas Contrnl
fir7ts tmnin linc) from l0a.i to 11ok, and Ohio s
Mississippi arsts tsprIngileil Dlylaiou) from sax
tori.
Government bonds wcro nctivo, mnny of those
Whp bought to evadu taxation throwing their
bonds back oil tho market. Tho leulugs Of ono
house exceeded Sl,009,o00. The District OF
Columbia 1a5s were u bid md 05 asketl: tho
United States Is opened ut lux bid and 1915:
asked, and closcd very weak ut 107,i bid and
l07,l asked: the 4Ms were 103K and 1904; tho Ia
1Ent md 10s mud tho Ga l00h md l06A.
Fortlyn uxcllMnuo oponcd ut Saturdays rites,
but sterling Afterwards dropped u, milking sttr-
ling posted ratca taH and +SS5 actuRl rates wero
4G auu 48t, und documentary sterling wis 4geGb
4Els4. Frunch hatkcrs' blllg wero Ga0 md 6t7H,
und German bnnkors' bills 0s and 95h. French
eomtnv clal, Ga sa461aA Commercial marks wuro
st12 r Tho exports OF maruhandlRe for tho
plts' .ino months reach IL tutnl vnlue Of <a.7,-
:sk ,,oo agAinst $i5s o00 for tho corresponding
time OF tho prurolls your, showing mn Increase
Of S0s 7UO. .O0, or 1sA per oeut, ngatnat xaln Of
~ per cent III tho imports for tho sumo months.
Comparing tho Imports Of tho first threo quar-.
tc1s Of the fiscal year with the Imports tho fol-
lowing result Is presantcd: Imports, inclusIve
Of speclo, S!i5,3 ,o00 exports, Including specie,
Sul0, OUJ: 4xcess uf exports over imports,
sssroo,ooo. The surplus Of exports for corre-
spondlng months Of 1852 was $.ss3. ...00, 900.
Chicago DRs1ket8 reported u lurg0 Mtnouut of
husinDss In connection with tho settlements Of
tho trst Of tho month. Otherwise tho stunton
was quiet, Mnnoy IL growing caser, with reRu-
lnr banking ratios quoted At BG8 per cent, Tho
currency movement Ia Light. Now York ex-
chango sold Mt 6ptt00o per 81 1000 premium. Hank
clenrlngs were 81.
Chicnu0, Milwaukee s. st. Paul "a wpro sold at
109, 1ess CON mission. Cock County AXE wcro III
demand Mt 1n.GblG.h,
English lnanciuss are looking Into tho fcasi-
q nj n .f.Iryyft nt,r
tant than that tho United States has 40 s,tccoss-
fully contaminated. Tho London Times gives
guarded currency to q report TINT tho Llbcral
Government 3ust coiHtng Into ollcu III Gront
liritaln Intend to convert conso1s tuto stock
hcuring tntorrst at GM per cent. Tho rln,or Ia
sustained In BONO mcAst1re by tho fhct that con-
sulB arc rising Ill prlcA beyond tho change uat-
urAl tn 10 expected from Mr. uIadstnne's pac,iu
Intentions nn1 financial prestige, and tho Itmea
enys that "thcre is 1udt sufficient possibility III
= the suggestion to make It worth rupcAt'ug." Al
tho samo tiuls the present rAu III prlcoa makes
tho conversion difficult to etfeet, X intended
Consols nro nUw quoted nt o. 6-l8, which Is high
or thau tho nvorngu prico, though tloy woro
onco OF twice quoted higher during the
dull times lust ycnr, Conaos Represent
tho funded dobt Of the unlted Kfnglotn, which
at tho close OF 1s7o was 7o9, ,410, ,h0a, cosing, In
annual int4rcat and ohArges. E27 49, ,7s. It'll
estimated tlMt Oy converting them a saving Oi
thros and hnlf or four millions cau bu cl1octct
Ttis. OF course, includes tho funding Ut the
floating dobt, which ID comparatively larKc. The
English consots nrO porpctuai, md must bt
bought by tho Government IN open market
This lark OF liked dnto Mt which tho coraVl'
eau bo taken up ut par mnkG8 tho rufundlny
PUN Of tho Ltbornss difficult ons, II 1t tlocs
not altogether destroy It's feasibility, Tht
American rufuudiug was made possible by thu
fact that tho t1ilds wer0 uot only payable u
maturity, but Fodsemable sooner, at the optlu