, 1880-08-04
FINANCE AND TRADE.
Stocks Open Strong but Close
Decidedly Weak.
Decline Duo to Realizations - The
Market Unsettled.
Foreign Exchange Efcnvy-Modorato Cur.
rcMcy Shipments.
Tho Produces Markets Active IN Grain, and
Quiet In provlslons-Thc Latlef
Irregular.
Spring Wheat Easier-Ninler Wheat and Corn
Stronger, with Good Demand
by Shippers.
FINANCIAL.


After Il hcstntinp opening, causeh by mn Mt
tack by tho bcnrs. the market lncamn nctEvo
nnI stSonE but In tho afternoon Weakness
bccnr,o noticeable nEnin, and prices closed at
roactfon nf 1tnnrly pnr cunt. This turf, Is ra.
gnrdcsl as PERFECTLY rnturni. II tho market kept
lyuinE without chrck II, tho why bf tle Inst two
weeks everything would hn at par In IL month.
Symptoms af Higher rates for money, tho MT
tncka Ut tho bcnrT, md tarRe snes 10 rcnltze
profits nre evidences TINT the nrnpur reHt'fy'ng
Influences are Mt work 10 preycst too rapid
r,ac.
Weakness wns general. The few exemptions
wcro Huntingdon Qninoy. which tnaac q, To
lasti: Alton advancing Il. 10 1la!4: Northorn
Tncll!o prcfcrrcd Il, tu ;Ajal; Sun Francisco II,
to 37t5; md Mobile s. Ohtn Il, to 93it.
The losses wcrc snnlc by the Investment
stocks nR we'll as tho spcclatlvcs. llork 1sland
declined " to lis: G., C., c. l. IL 10 fh; III
rpis Central i. to tltss: Nrw York CnntrAl 4,
II, iE'A; Michigan Central Il, to o5H: Lake
shose u. tn 10sIi; Eric 4, to 4IM; Northwest =.
to a'st tho profcrrt1 III; 10 l]5ti, 81. Ph,ll l. 10
ss,.: the preferred e, to loo: Wahus Il, to AN:
Ohio IL, 10 r,is: 1t. Joe 4, TO 10; tho preferred
IA. to NJ; Kansas j. T"xAs u, to 3sai;
Pacific Mai! ~, to- 4l'i: Delaware & Hudson III,
10 sl.i: Lackawasna ", to s5:4: Jersey Central
4, to 1dss; ltcniling Il, to 10; Manhattan n. to
.dA; Union Pacific r. tn fti.f: Western unlnn x,
II, lD1tf: Lnsy!!Io & Nashville Z, to 1l7A; LakO
Eric d Western e. t" :E4; thnatln southern "s
to G7!s: Northofti fas'ilo +, 10 Gs: eolumnns,
Chicago q in't'ana Coh.ra! At 10 u: otaana !. 10
40: tho preferred A,-to s0ai Ontario & Western
II. to ada. ......-...,....,.
Tho Eric second Is opened at o1l4, sold at 913;
and 9oat. antl closed Mt 81.
In rnilroad bonds In New York Inst week
very hctlve Inquiry prcvA!!ou Tor tho leading
mortgages, and nearly NIL tho securities IN whcl
thcro wcrn transactions show an Improvement
III vnlnc. The torFest trnnspcttons were IN Erie
consolidated seconds. which, nftcr dcrafntnrn Y
rcr cent to 10, In tho curly dealings. roso to 0I}i
and closed at el'f; do funded Is wcro also strong
md advanced fron BAH to eS!l: tho Denver Il
Rio Grandc Issues wero worry prominent IN tho
dcnlfnya. moro particularly the construction
bonds. which auld up from 0ah to95A, md closed
Mt 0a.s Tto n,nro important chunKcs tn tho
weeks transactions wero an advHnce OF 10 per
cent In Kansas pncttlc Is fI.cnvcnworth tsranchh
with coupon certificates; : in Ohio s. Mississippi
tirsts Sprin1f'eld Dirison> o In .rcxas Pnc'lc
land grnnt Incomes. In Alton y Tcrre
1lnuto incomes. ~ IN Chicago & Alton flrsts
3 In Kansas paci0c incomes, No. TO- and Now
York Central fFsts coupon: In Lehigh q
WIakrsharro Incomes, aud per ccut IN Central
lava ffrsts and Wabash conyestlbles. .-
Government bont!s were weaker IN Chicago on
necount Of tho hcnvy discount on New York cx-
chanHn, hut III New York thoy ~cso unchanged.
ChicnRo ratrs wcrc:' District Of Columbia 1.d5s
sisd bid and l0l naked, OK. Interest III per cent
the sB 109A bid and 10osf asked: tho +tss. III
bid anl 11lM asked; the 5s, 1tesi bid and 1(a5i
asscd, OK. Interest II per cent; tho Cs, l0s!1 bid
md 1olss aslsc1.
Foreign exchange was still dull. with n light
supply 0f hills Dankcrs' sterling for lust hMlf Of
this month wns selling Il below spot rntes. and
October WIS 4 lelow. Shipments of gold can ho
n,ntlc readily when bnnkels demand Aels ut 4s3,l
1tmlnu lots Of $4,000 arc now selling ut 4s3ai.
Sterling posted rates wcro 485 for 60 dlys md i85
for Eight. Actuat rates wera lee nsld 4e4. For
6Il-laY commercial bills for prompt delivery
47ali flt7DE WIS paid; for delivery this month,
Asp!iGi479A. Posted rntes for 1aris werc ha5 for
q, tlnys and 51..ss for sight; G0.tlay commercial
bills. prompt delivery, wcro for 'le-
livery this month"; 59D?s Gb528.t. For commercial
Ga,-day hilfa prompt delivery, on IIAvro anl Htnr-
sellcs 6:9ss @h2Ss4 was paid: for tho same, de-
llvcrnblo this month, G1dl5asA. Sixty-ttny
commercial hills on Antwerp, prompt delivery,
were GNG1 1909; sarne for delivery this muntl,.
Dnnkcrs bills on Germany wcro 0a,s for CO
unys nnl 0,ss for demand; So-day commercial
bills, prompt md this months delivery. wcro
n3ilG00l 7-1G. 1lnnkers guilcrs on Holland wer8
00E for 60 days md 40,s for demands; 90 lays
commercial were 3os0139.s. Austrian florins.
AK; Nnrway, Sweden, n1l,l Denmark, n11s.
Tho ,nportatLon OF apcete ant1 bullion ut New
York during tho week ending July 30 amounted
10 $l24 ,3a7, including $i4,sn, gold md fsD,5O5
silver. Since tho 1st or January tho tmporta-
tions will reach $51 ,5+ consisting Of ,5l 6B
gold, J1 silver. and 81 0s0 hrass md copper
coIn. From tho tst OF August, ls70. to July %,
1850. thoro hns tcen n totnl importation Of $751;
H., 10 Of which BID $50 Is gold anl 81,
silver
The foreign commqrco Of tho port OF Now
York for tho week ended Saturday Inst showed
n slight Increase In exports over Imports of
merchandise Tho exports Of domestic produce
and miscellaneous goods for tho wcok wero
s., s,Gs 9l3 Iuanst $8,74s,ai5 for tho corresponding
week In lHsD, md tho Imports Of dry RDots nnI
gcnornl merchandise Sseal,5ss lot which sl40O,.
AN wero dry goods,, asnitlst. e0, III in 1870
The exports or spccio for tho wcok woro $I0o 20
md tho Imports If spaco elai ,107. Tho total w
ports Of pro1nco frn1n Jnn to dato nro $.ss.l.-
tlpa,s,st $l11soo0.o for tho corresponding
pcrlod III 1871; tup0rts of dry gNls md general
merchandise, sD7 ngAinyt $l.Gu,0 r., last
ycar, ami tho nxpnrts Of spcole g. Es,Ju, ugaiist
*l1, ,4ua, ,ss1B last yenr.
Chtcnpo tas's ooariugs wcro $7,aoo,a00 New
York cxchnngo wnB $1O0 TO 81 a5 ppr 81, ,OO0 dis.