, 1880-01-11
FINANCE AND TRADE.
The Stock Market Continues
Strong and Active.
Chicago Making Heavy Currency Ship
ments to New York.
Good Demand for Local SecurlGes-Ihe
Mining Board.
The Produce Markets Generally Eas'er-
Grain Quiet.
Pro1hlons Moderately Attise-4 Rair Export Dtmaad
for atats.
FINANCIAL.

rhn stock market WINS active and strong for
Tho majority Of stocks, though thorc were some
signs Of wea1kncss especially in tho conl stooks'
TIE public are buying moro freely. but there
nIe no traccs Of any excitement. Tho Rrcatest
pdvancc was III, TO 5@it In Alton l. Terrc ilhuto
preferred, which year ago WINS considered ab-
solitcly worthless, cvcn BY experienced bfoKc1s'
Tho common made ~. to @aA, Western union
advanced 2, to 1aaA; Kansas Tcxns III "
c.. C, e. !. G. IL, 10 .2H; Union Pnelhc
ek. TO $50; burlington s. Quincy ~.
10 1Ah; Manhattan Elevated =, to b'A;
Chempenke preferred IL, to E; and lnko
Eric & Western II, to 3lH. Tho rest Of tho
list wna not 30 buoyant though the 'ct1al cases
of decline werc few. Lake shoro advnheca -
to- tdlN; Northwest n, to va; tho preferred 4,
1o.107A; Ct. Paul *, to Tst; tho preferred n, to
1GX; Rock Island i, to 1S3s; Illinois Central H.
10 l0laf: Alton Il, to 100; Erie II, to 43M tho pre-
1arrcd y, to To:s: Ohio l. Mississippi II. to JON
Iron Mountain Y, to 63ss; 81. Joe II 10 ihsss !he
preferred II, to 67a.: Jersey Centrnl \. to E'A'
Cauala Southern 4, 10 G94; Wabas, u, 70 ~;
the preferred ], to gs.s; Atlantic Pacific y. to
4oa; Paciflo Mali !, to 3aA: Louisville Nnsh-
vile Y, to 81: Mobile & Ohio Il, to 24h Ohio g.
mississippi preferred Y, to 6ol; nnd ChcanpeaKo
q Ohio Y. to 20.
The losses were sutro Tunnel y, to oa; Kan
BIS Pacific IN, to 94X; New York Central y. TO
1I,x; Michigan Central n, to COX; c. C.. c. & l.
!, 10 70; Llcknwnnna x, to 8da; Rcadlns @'to
T0E; San Frnnclaco ", to Az.
13rie second 0s oponcd ut S7a4, advanced TO H.
and closed Mt s7S.
In rnllroa,l bonds, in New York on Thursday,
tho transactions continued On larGc scale, and
tho market wns strong at higher rnnge OF
prices. The Kansas & Texns issucs again led IN
,nt Of activity, 500 900 Of tho tlrsts selling ut
WAi1o5MGs5, and s1,2l7,0o0 Of tho seconds NJ
AA@5oAGe55h. Tho business u Erio con
solilntcd seconds amounted to sAu,o"
ut B7,fQ8s9BTA. Tho demand fer Chcsa!-
peake T. Ohio 1rsts and currency ds
continued active, tho former rising to Oah, anu
the hutter To 80, with slight reaction at the
close. Mobile l. Ohio bonds were hunyAf,t; tlrsts
fosu from 97h to %; do debenturcs from os1s 10
EOA; do second debenturea from 4bh to 4Sh and
do fourth do from 15 to 3d. OF the Iron Mo'int-
atn bonds, second preferred incomes were
strongest, selling up from 83H 10 g. Texas Pu-
clilo incomes fell of from 75 to T01s.
Government bonds werc active. The As IN New
York were 103A bid md 10A asked. In Chicngo
thoy wcro 1G)H bid and 104 asked. Tho 4hs
were 1905 and 107k, tho Is 1Q3A ind 109ss, and
the Is 10iA and 11ih.
Foreign exchange was In light supply. Tho
posted rites for sterling wcro 4sah Ind 49,
Sterling gr,in bills wcro Aso. Act,'M bank
<,1s' rates In New York wcro 48lH0aSlA AMI ~
mud tho Sumo in Chicugo. French grain bill:
were Gi5x for pnris. German commercial marki
1Fcre ~.
Largo shipments Of currency wnro mndo to
New York by the Chicago banks, which nrc
receiving heavy orders from their country Gus
-fotucra to remit to Now York. New York e1
change between banks w0s 752bs0o per $l,ou
premium. Discounts wero in lcss actlvo do
1nand, but bnnk ratcs nrc still quoted ut f0S pc
cent On tho street, rates nrc co.. per cent
The c1cazings Of the Chicago baslks for tn
week are reported It's follows by Manager D. II