, 1880-04-22
Signs Of an Abandonment Of tho Bcar
=. Mnnirilatlons.
Foreign Exchange Firmer-Dis"
counts Moderate.
Tho produte Harkets Less Aetire, and Again IT.
rgular-Fork Products Lower.
4 Reaction in Breadstuffs-Whsat and
Corn Quite Strong.
FINANCIAL.

money and New York alvlccs stated that II hnd |
been given M US n pnrt Of tho bear taetIcs. In |
THO pnce of depressing rnmors reports cnleu-
1ntctl 10 sttn,atc buying nro getting into cfrch-
iation, such MS that Russell sago Is buying down
on tho breaks, anl that Jny Gould thinks tho
properties he has been consolidating havc m
futuru." Thcro is not rs yet any tniiucnco TO
cR,lsc a rapid recovery IN stocks, untcss It 10
TINT the market has been ovcrsol1. Tho shorts
mny have to bid ngainst each other to HIvcr tho
stocks they hnvc sol.l for n decline. hut pur-
chascs by tho general PUBLIC Hre very fow. The
decline in almost MI prices has RIvcn outside
operators, md most inside nncs too. n feeling
of great duhiousncss nbnl,t tho security
OF tho stock ,nnrkct, AMI th!a shaken
confidence ennn0t ho restored In
t]ny. There nrc moro operators selling o., tho
ral!ies thnn arc buying On tho breaks. Tho street
Is still bcnrish, md tho necessity 1t IA under VI
covering It's snlcs is M yet tho strongest SUPPORT
tho murlset hns. .
Must IF the fluctuations wcro In fnvnr nj high
prices, but the close was not nj, 10 tho high
est prices of Monday New York Central mntlc
Il, 10 1t::H, utter selling at 1s:A nnd lafH, Erle
preferred opened Mt g7!f, went UP to 6s. md
closed ut G7A, n gnn Of 4. Northwest t!tetu-
ntcd between o.: an1 OAK, closing at 0t1s gln
OF u. st lnul WINS the strongest stock OH tho
list, owing mainly to purchases by tho bears,
The first sn1e WIS Mt fDM. tho highest prfco wns
SoH, and tho Inst So1s. Wabash sold nt 40ti9b40M
f14l.4G41, making II. to At. Tile preferred adj
ynnccd u, to 6sK. Ohio Mississippi went MS
high ma 301l and lis low rs 35ai, closing mt 15l.
Thp preferred maae ", t1 7B1s, st. J0o
sold Mt 3!9aa;ab@a,s, md tho pre-
tcrrcd under goud purchases, stimulated by tho
report that there was n dividend already earned
OIL It, went up III, to IlE- KMt,snB s. Tcxns wns
unchanged lit a7A. Pacific Mali mado /. to III.
Tho chal stocks nil nnto gnHs except Ht,!son,
ad were atr0ng. though Mt tho close they yielded
- A. Han Tfns,1o
reaching E31i rcecIctl to S2H. LacknwAnnh sold
down to t>'s, reso to 0l!s, and recede'1 to cox.
Jersey Centrul r,ngcd between 10 anL 70, selling
finally ut iAli. Nculiug closed ut G1,4, nftcr
selling nt OK. CoumllnB, Chicago & Indiana
Ccntral sold ut 4Ad6lhst0lh; Union PacItlo Mt
BnllsH1; GtSaa; Iron Mountain Mt 5lssGD50H0I3H
g5lI; Western Union Mt 108s{1lUs2.; Louis-
vile s. Nashville Mt Ao0l4a1i11lo; ChnttA-
uooKa Mt ;G07eH074: Texas Central nt
EaD740T3: Lake Eslo / Western at
scDgl,tG}dl:s; Canada Southern ut GOai
bu1dlas; Northern pucliic ut :a:lGl::9tisb..a.s.:
tbs preferred ut EsAGl; Manhattun ut s!kld0
s.,il3lsi; Chesapeake s: Ohio ut :*s;@=sA; and
Mnbtle & Ohio Mt al,zG6::.!.
The !osscs not nlrcndy mentioned woro Eric
ITO 4ai: Lnko Shore Il, 10 l0s1s; Michigan
Ccntrnl Il, tU VIZ.
Erie sccoud dsopeuci ut o1h, sold ut o., and
flos.1 at 0l,s.
In rnllronl bonds, in New York on Monday,
shc dealings wcru well ,iistrtbcd. Tito tarHcst
transactions were In Eric consolidated svcollsls,
which fell OF to 0on, and later soll up to 0l;
lU funded Is rose to H5A. Central nnd Union
?acic tlrsts wcro In active demand, Mnl sold up
~ lt3h. Iron Mountn!n sceoml preferred i'll
ZONES declined from 74Is TO u, hit Mt tho closo
told NJ T4E. KnnsAs Il Te1ns tlrsts tcll oil tn
". Nnd do seconds TO 10, closing, however, ut
Daf nnl al respectively. Lnko Erie j. Western
arsts ndvanced from 60 to OIL. c., q. & l, o. In
somcs declined from 51 to IS.
Huslness !n Government bonds In Chicago WIS
light. District Of Columbia a85s were H,tS bill
md 0l4s asked; tho United States a. wore lO7
md 107s. tho AIS 1ssi Al, l0sE, tho is lH}x md
Ws's. and the III l05at md 100.
Foreign rxchanRe WIS atcnstcr, with n rccov-
Try from tho low rates ot tho two dnya pro-
Ti0us.
The posted rntcs for sterling wore 4s5 md 4ss.
FrrnCh bhnkcra' billa were 5l8A and 616, nutt
aer1nan bunkcra bills u md Is':l. Act,lnl rates
Tor sterling were +stA md 487k- Commercial
itoraing WIS 4H4lgiscas; French commercial,
GfAG5!11. Commercial 1nnrks wern VI Mn,i 0ilss.
The Now York Journal 1f CnM,ncrcc culls nttcn-
hon to the Imports OF general 1nerchnndlsc for
;he week, amounting to $1bi5,7hi; this, n1hctl To
he ,aH OF dry gootls, mtses tho imports uf
tho week 81, es'3 This Is tho largcst weekly
Total for sovceul years. For tho week cn,,I1,g
April 49, 1877, tho receipts OF Yrnrrn1 lnsrci,An.
asc wero $1O,0iD,aa halt II million In uxcess Ut
the present totM1, md for tho week. entlnR
March ~ 1s13. thoy wnrp sl0,l2,oil, 80 that W.
hayo still room tO x,tn before tho highest point
1s reached. hut tho c|O80 Of tho lnst-.Iu1uc]
year tMuyht frsson our rralfcrs ought to ro-
meubcr.
business at tho Chicago bnuks wns dull. DIs-
counts hro III only modorato Aulnn1,d ntEGtS pel
ccnt- New York exchntiKe rclIinfns ut Cgyib5;<
per $1,000 premium between hunks. Tho cur.
reuey movement Is light. uank clcariugs were
s4,BoO000.
ARights" OF Sun Frnncfsco stockt,oItlcrs to sui.
scribe tu tho bonls Ut tho Atluntiu T. Pneiilt
Railway wcrc f250 bid for 1D1 shuses* Tho term
are TINT for 81 900 cash Subscribers receive ~ (k
IN st-MUrtgngU per cent bonds ut,A $:iO00 II
6per cent nnn.ruuulattvo IncOs,lo btntls. Thu
Company rcseryc tho right to recall tho llrs
bonds before 10 per cont bus boon paE!on tIeIl,
md also $1,000 Of the incuno bnll.ls un euel
block tss50 tn caeh $1,000 returning wifi
Interest tho money paid by tho subscriber. Thl
would leuyu him *ee,001 III inuoIne busrls FREQ
cost. Tho vaiuo OF "riRhtH" depends OH tt
value OF thcse bonds. On thla subject tho Iiosto
Iferu|d does litt[o figuring, with this result:
has beoh demonstrated that, II the Atlantic l. Pa
cltic earns one-hntf Us much AR tho CDntrll oil
Union Railroads, 1t will h,sve, in these eurniuKe
enough to E,ly thu interest Oh Its ilrsl bnr,s, o.
lis iNeosno bDnds. on Il scu0nd.m0rtKagC bond q
siGQo0 per 1nftc. and hlyo surplus loft Az !,
hecond-mortguBc bond IL contemplated, one ca
GaullS SEQ thNt the inc0MD bonds must be wort
well On toward pAr In duo tInle. As tho roll nd
vnnccs west large business will faElaw ato1,g u
once, and It will not llAro to wait untll 1t Ia
through roal 10 begin tu our1,. Work will II
pushed with MI possible ytxor, a1,d earntnxs wi
bcgin very SOM; and, when tho rlad rcarht
tho Pacific, It cannot full to hays na lasge
tratlio as tho Union and Central Iinuds will tue
hayc. II not as largo ~ they now have. TIL
work of gradlng tho track IN tho Atiuntio Il ~
eitlc 1taifroad frnm Albuquerque wcat to III
Pacific Ocean has teon commenced, and Ia bcin
energstcalIy und vigorously prosecuted, th
work1nch advancing rapidly Oh the way. IT,
roud crossed tho Rio uranlU aboat two an
: huff mflcs southeast ut tho old plaza.
= EArntugs of thu st. Louts e. Hun Franc1sc
HALLWAY Company:
Escond week in April laf. .,.. ....r.........&Ein
! ca44' week hst 3eat 3d
AutV"se .$@lu
Or over lao per cunt.
:, About st. Paul, the New York Jrorll says:
bt Paul WAS sold dawn On rutnors OF fresh Il
:, Hhp ut xl0.0UuU NJ bohlA; but, oven II this hu
been correct, man needs 10 bu prutty fg,lurlit
4 III tue st. tant Cuttpany's management u Aut
: lxtse that full tAlAp would not DO nts1I1tal Il
7ur,1