, 1880-05-02
FINANCE AND TRADE.
A Fine Bank Statement Gives
Stocks No Help.
The Produce Markets lrregular-G1ain
EazierWheat Quiet-Corn Active.
Prs1idsm etits Weak, Especially On Lard and
Pork-Hegs Lover.
FINANCIAL.

The New York bank statemcut WIS good on it
surface, but its appearance was the signal fol
a new attack On the market by the bears. West
erp Union was sold down from 106 to 1Gosx, Can.
ada Southern from 62.l to 61.s. New York Cen
tral from l31 to 1904, Lake Shore from 10Th to
16E, Northwest from 93ss to a.ss, St. Paul
from IS to 16T, Lake E=:> g. Western from I2,iss
to 81, Wabash from 67A to C6S. Louisville &
Nashville from l:3 to l294, Reading from 8l11 to
6gH, Lackawanna from s. to S4.l. Hudson from
BOX to 7gH, Jersey Central from ~ to 75K, Pa
ciic Mail from AK to 39x. The lowest prices
were made at the close or near 1t, and the
day ended without particle of life or elasticity.
One Of the features Of the day WIS the appear
ance Of Vanderbilt brokers IS free sellers The
report Of the resignation Of President Scott, Of
the Pennsylvania Road, came too 1ate 70 affect
the market
Erie second IS opened at a9a, sold at Sex, and
closed at 91I.
Railroad bonds, In New York on Thursday,
were active and irregular, but in the main firm
and higher: Enc consolidated seconds rose
from BIZ to 91h, declined to 9l3x, and recovered
to glA: do IS advanced from 1ess to 16ss. Den
yer T. Rio Grande firsts sold up from l05}3 to
106H; Lehigh s WilkesbarTe assented from
05 to 9sH; New York Elevated frsts from
1114 to u1H: Delawnre, Lackawanna g.
Western IS Of 1907 from 1l6,1 to III; Ohio Cen
tra1 trsts from a0A to 81; Union Pacific frsts
from 1ly4 to lEA: DO stuk1ng-1uIfdS from ll0t1
to 118: Michigan Southern sinking funds from
Ill to LIZ; San Francisco class B from IS to
T5H: Nashville g. Decatur frsts from 1l11z to liz;
Winoua g. ST. Peter seconds from lib to 1l3i*.
Ohio & Mississippi drsts Springfield Division) de-
clined from s615 to 7Gh; Erie & Western
incomes from 81 to GO; C., c. & l. c. incomes
from 81 to s.; Marietta g. Cincinnati flrsts from
1l0 to 109; Mobile t. Ohio debentures from II to
-; Kansas Pacific firsts consolidated from 9G to
854: Iron Mountain second preferred incomes
from TX to 13f; Kansas s. Texas seconds from
e. to 6lA; Chesapeake s. Ohio series 3 from 6s1<
to 6s; and c., C. & I. c. frsts supplementary
from g to 81.
Government bonds are still in good request
with the local supply light District Of Column
bla 385s were 81 bid and 95 asked; the United
States 1, 10s4 bid and 1eGs1 asked; the 4Hs, 1o9
and lo9a.: the IS, ldx and l03, interest; and
the Is, 1854 and 1o8,z.
Foreign exchange WIS steady, with rates the |
Rame. Sterling posted rates were 4Ss and 489;
actual rates we're 4s5 and 4Ss, and documentary !
sterling Was 4S3G4s3A@4S4- French bankers !
bills were SEQ and 5l7H, and German bankers |
bills IS and 95h. French commercial, 524SG5o5 |
Commercial marks were 94@9435.
The receipts and shipments Of currency here t
are unimportant- New York exchange was
sold at G0I'5c per $1,000 premium. Discounts
are growing duller. Rates are COS per cent,
with concessions to independent borrowers.
The clearings Of the Chicago banks are re-
ported as follows by Manager D. r. Hale, Of the
Chicago Clearing House: