, 1880-12-19
NEW YORK.
A Most Remarkable Week on
the New York Stock
Exchange.
An Advance Of Twenty Per
Cent Recorded in Some
Cases,
Arrival of Over Six Millions Of
Specie During the
Week.
The lmportations Of Gold Since the
First Of August Footing
Up %8,ooo,m.
An Increase in the Bank Reserves to
More than the Legal Re-
quirements.
Money in Good Supply, Rang
ing from Three to Six
Per Cent.
Experience Of a Socialist Who Has
Been Exiled from Fatherlaud.
Money in Good Supply, Rang
ing from Three to Six
Per Cent.
Experience Of a Socialist Who Has
Been Exiled from Fatherla1d.
MONEY AND STOCKS.
BUQYANCY,

MONEY AND STOCKS.
BUoYANCY.
Special D&spatch to Ihs Chicago Trbun<.
New YORK, Dec. l8.-The buoyancy In the
stock market to-day was more marked than
On any previous day Of the week, and very
active business was transacted Ill all the
leading shares. The greatest advance was in
Chicago s Alton, Canada Southern, Texas
Pacific, Kansas s. Texas, the coal shares, and
the Elevated Railroad stocks. The rise in tho
last-named formed a prominent feature Of
the market The only exception to the actiy-
ity of the list was Western Union and Union
Pacific, which resisted the upward in
huence of other shares. There was
nothing spasmodfc about the upward
movement, the advances being 1egu-
lar and steady. It was stated that the
rise in Western Union yesterday was owing
to the covering OF large line Of shorts At
the afternoon Board the bank statement
caused sharp advance in number Of the
speculative stocks, particularly on Kansas &
Texas and Pacific Mail. Western Union also
gathered little, while Erie seconds sold at
par ex-interest, which is the
HIGHEST PRICE THEY HAVE REACHED.
At the close stocks were strong. The deal
ings in railroad bonds were simply enormous,
and undera steady demand prices made a gen.
erai advance. The transactions IN Chesapeake
& Ohio bonds were larger than for some
time past, and sales we're made up to 78A for
series B, and to AZ for currency 6s. The
Texas Pacific bonds were also heavily traded
in, with sales Of Rio Grande Division frsts
up to 9714, and land grant incomes to Tx.
Kansas Il Texas firsts rose from 113773 to
11311zz, and seconds from 76X to 1875, under
large purchases. Erie Consolidated new
seconds we're conspicuous, and rose
to 100. international g. Great Northern
second incomes rose to %; Iron Mountain
seconds preferred income to 10771; Lehigh &
Wilkesbarre consol to 1861; Rome, Water
town & Ogdensburg frsts to -: Hannibal Sc
st. Joseph convertibles to Ill; Canada
Southern tirsts to 104; and Wabash general
mortgage to 9511z. Ohio Central incomes sold
at $4,000. St. Paul t. Omaha consols con-
tlnued in demand, and were taken up to 105;
Denver s. Rio Grande tirsts rose to LIZ; do
consols to Ill. Northwest consolidated IS
were up 1x, to 135.
There was
AN ADVANCE OF TWO AND A. HALF
in New York, Pennsylvania & Ohio first in
come; per cent in Mobile 4 Ohio second
uGUtllLuIES, 70 Ill AEIlLAd1 1OHd A4okos y LIZ
Boston, Hartford & Erie firsts, Erie IS
funded, and St. Paul & Sioux City frsts; and
Il in Indiana, Bloomington & Western In
come TO firsts, and Milwaukee & St. Paul
LA Crosse & Davenport Division) firsts.
Northwest coupon gold bonds advanced ~
per cent to 13s, but later fell to 125; New
York, Lake Erie g. Western income per
cent, to Sc; Peoria, Decatur & Evansville in
fo rEA
III the last hour lent as high as 8 per cent
and as low as per cent. Taking the day as
whole, the fair rate was per cent, and the
market was only moderately active. The
closing quotations were 4@5 per cent.
The weekly statement Of the New York
banks is favorable, the total reserve having
been increased SASS, 100 Isl, ~. .GD0 specie
and S73S, 600 legal-tender notes). Last week
the banks lacked Ss3, 200 Of Is per cent re-
serve. A year ago the surplus reserve WIS
only 81, S56,650-
WEEKLY REVIEW.
tn he We.ter1. Assoctat<d Pr<ss.
New YORK, Dec. 1S.-The Euening Ez-
press financial writer says in review Of the
week: lnportations Of gold from Europe were
on an enormous scale, the arrivals for the
week ended yesterday at the Assay Office
being st, Isl 400, all OF which was foreign
coin and bars. The total arrivals since Aug
were SIS, ,538, 800, OF which S5,769 600 was
American coin, and S52, $500 foreign coin
and bars. The arrivals for the correspond
1ng period last year were ST., 743, ESQ. Pay
ments by the Assay-Office on this account
were S5,647,900 for the week, and $52 o00, 900
since Aug. q
GOVERNMENT B0EDs
| were generally steady on quite active mar
| ket, the quotations to-day showing no appre-
ciable change from those OF last Saturday.
State bonds were strong early In the week,
| but subsequently some reaction was re-
| corded in many cases
RAILROAD BONDS
| active and buoyant, and as rule followed
more or less closely the course OF their kl12-
| dred shares in the stock market. Ali invest
| ment issues advanced sharply, and formerly
| lo,y-priced bonds, in which by far the largest
! transactions took place, shared In Improving
| prices, Nearly all the income, land-grant,
| and debenture bonds On the list were In brisk
| demand and figured largely In the tzansac-
| tions. Railway and miscellaneous specuia-
| tion throughout the week was characterized
| bv great activity and unusually buoyantfeel-
| ing. The upward movement began to make
proEress at the very opening, and continued
! with more or less vigor to the close to-day,
when in many cases
| THE HIGHEST QUOTATIONS EVER KNOWN
were current. The advance In prices for the
week ranged from ~ to D4 pei cent, the
t Improvement in most Of the active shares
having been generally from 4 to 10 per cent
| The general causes at work to produce the
| rovravkah}a huova1cv nf the week WAfn tf1A