, 1880-08-24
FINANCE AND TRADE.
Stocks Open More Active-Effect
OF the Raid on Erie.
Foreign Exchange Heavy-Diminu-
tion Of Exports from Chi.
cago.
Chicago Shipping Currency Free
ly-L0cnl Finances.
Tic Produce Markets Aclive--proyisions De.
morallzcd-A Season Of Weak.
ness.
Grain Stronger Early, hnt Eased OF Later In
Sympathy With Fork.
FINANCIAL,

Stocks opened stronger nrnl moro actiyc, b,,l
Inter tho rnld IN Eric, which has been fore.
shnowctl f,y several weeks of tlIlixcnt hcns tn)k
aflccsc'l the general market uninvornbIy, and
prices nj tho c1ose wcro lower tl.an the highest
Of tho .lny.
Chicago operators appear to be bl,lsh, but
New York.
Opening prices were Mt or ncnr tho highest of
the day; ut tsin el,se theru wus II fractional rc-
eosesy 1rttt, tho invest figure, hit most Of tic
nctvo stocks tluut[ncl.
burlington & Quincy advanced frtnn IN. TO
Is'!7ss. closing ut 11.i, gain Of |. luck Island
ln'le y. to atia; Alton !, to III: Illinois Cuntrl
y, to 1s'i, nftur ceiling Mt ll33a; Louisville &
N'shYil'e |. tn 3; Columbus, ChIcngo & ii,tllnna
Celtrtl II, to III; CbfcnYn, st. Louis &; Nuw
Orlcuns.!s. tn ;aEs.
Az tho t'thcr nct[re stocks ls,ntn losses. Morris
Essex tlccIincti i, 10 lies: New York Central
4, 10 l'cH; Michigan Central 4, to no; Lake
stltre II To 1s,a: Erie 1;, to 4oI; the preferred
=. To G'A: Northwest Il. to 1oo1l: tho preferred
~ tn lasi; vt. Pail 4, Ia ssa{; wn.
Dnsh Hz. to 'na: tho preferred lii to t0A;
oho IN 'sla 81. Joe r. to MI; tho preferred
- t" alA; knIssta & IexMs II, to III: Pacific
Mnlt -, to II; 1t,i'lsn. r. To s5a(: I.acknwnnna
=, to BIZ; Jersey Central Il, IN iii; ltraa,ng l.
10 VIA; Mnhhnttun u, to .s,i: t1n.al, rncHo IT,
10 0'!s; Iron Munn,a!n II, To Ia.z; Western
uisIo't Il. 10 ltJ.s; Chattanooga Il, IL TJh !;
Nnrthcr1t Pacte preferred ta{,tu ii; U,,1ata Il,
10 IN; tho preferred IL, to u; chesapeake &
0bn ~, tn lftt.
While II n1orlty nf etoek operators aro lie.
I1eSers Ill hattcr pricGa, there nro xptne coi1-
serEntlve 1f1Gn VIM think stocks Nru nltpHefher
10" nigh Tllcy nre not willing 10 Gonce,!e tlut
Northwest. for instance. Is n good p,.ycfaao ut
present gurcs evcn II 1t In, Hs clnGinetI, now
sar''l''s at ratc sufficient to ny 10 per cent Oil
hnfs common nnd preferred, und have alir-
Plus hests1cA. Its present tr,t1Ic IA tho result Of
II succession or t!Ae hnrvcsts, and 1ld hnrvcst
mr. twD would entirely ulnlgo tho looks Of
everything. 1t rclnutns 10 lc proyctt TINT t!3e
Western rdHt1s whIcll nre now showing such
splendid earnings, hnvo Gecn brought to tim
rank OF 1rrnlnllcnt tftvtic,nl- payers They will
pHy dividends thLs ycnr. viii they do 10 next
ycHr, or tho next? Nol,Ody knnsa. Thrse
stocks urn III II very different condition frou.
s,seh olts wcll-cstntls!,cd lines M tho New York
crHtrnI. or tho Now llnvei,, Or tho peu,,syly,s-
', which run through slcslseIy pop.1iatcd terri
tory, and nro tho highways between scores Of
wealthy cities. Wnll street Is treating tho HOW
d!s!'!en'l-payers NJ If tho Almighty hal g.lur-
HIstcctl thc!r dividends. 1tnnther cnuse of slcr-
iteisnl lis to the present high invcl Of prlccs
is iilat fl them Will strcot lrs discounted lts
nbt'clpntlo1is Ut ha harvcsts ahroltl. gool ones
tcfr. YHltl 11upnyss n,isy money. md Il rushing
prosperity. Nnw tlAt thcsa thugs hnvo c,,tne
It would bH quito nccortlfnY to Wall street
lfreSedcnts for prizes 10 ~ Off II little.
Thu following Rhnws tho lluctnation Of tho
hctiyc ssnchs fos tho day: :,