, 1880-05-16
Stocks Moderately Active and
Strong in Spots.
BuyerB Reported as Showing Themselves
on the Decline.
The Produce Markets Rather Active
and Mostly Lower.
Kheat and Corn Weakened By Fine Ntathtr-aos
Rrsduet Declined in Sympathy.
FINANCIAL.

stocks come forward on every decline, and tnal
there is evidence that considerable amounts OF
the investment stocks are being taken out OF the
street Us offered There is general buying,
and no indication that public confidence is being
restored SO fully as 10 give any support to q new
bull movement
Canada Southern, Pacific Mail. and Michigan
Central were particularly weak. The first
opened at sex. and sold down steadily to 4SA.
where 1t closed 1t is reported on one hand that
the Dutch buyers OF last year are selling out,
and on the other that officials of the road and
their friends are buying it as an investment
Michigan Central is being sold down on reports
of great injury through the competition IF the
Grand Trunk. 1t opened at the highest price of
the day, B01z, and closed at the lowest, 76H.
Pacific Mail made 4, to 3514, and then
dropped 81, to Gh- 4 sharp contest for
the control Of this Company Is said to be in
progrcss between the Union Pacific party,
headed by Jay Could and another clique Of
spectators. Illinois Central lost X. to lo3; Lake
Shore H. to 1G3H. after selling ut l031s and 102A
Erie y, to Sc, selling at 3c:. and 35s. Wabash
preferred ranged between 59h and SIX. closing
at SSH, loss Of 4; Ohio preferred lost 4. to
TX; ST. Joe u. to 2o: the preferred 4, to 6s:
Kansas Texas 4. to 30x; Iron Mountain =, to
ar; Western Union 35, to 100, selling at looA
and 39.k; Louisville 4, to Id; Sioux City pre-
1errcd l, to Il
The coal stocks were stronger. Hudson recov-
cred from TX to 3: Lackawanna sold down
from tn to 16s, recovered to 79h, and closed at
S8H,-a gain of y. Jersey Central lost Il, to
esz; and Reading, after selling at 4S and 4s4.
closed at 473s. Erie preferred made l, to 80;
Northwestern Il. to 90; ST. Paul preferred 4. to
100a: Wabash 4, to 30E; Ohio 4, to e6as. c., G.
&I.C +, to 11t; Union Pacific u, to S3h; At
1antlc g. Pacific l, to 40; Chattanooga X, to 694;
Lake Eric s Western 4, to =; Northern Pacific
n, to 232H; San Francisco preferred u, to 42H
Manhattan 4, to 27H; Minneapolis u, to 4SS:
Sioux City Il, to 37h; and Chicago. ST. Louis s.
New Orleans *. to 26.
Erie second 6s opened at SO, declined to 9Sa1,
advanced to s9x, and closed at S97s-
Railroad bonds. in New York on Thursday.
were fairly active, hut very irregular, the Erie
consolidated seconds being again most promi-
uent in the Transactions; these bonds ad-
Eanced from 6Ss s9si, fell of to IS, and closed
Rt ssh. Boston, Hartford & Erie tlrsts rose from
384 to 39si, and reacted to 49, Wabash con-
solidated couyeribles declined 81 per
cent; Texas Pacific incomes and Grcat
Western frsts, TX per cent; c.. c., g. L c.
supplementary 1rsts, Kansas s. Texas seconds,
Lake Shore consolidated coupon tirsrs, and c.,
C., c. s. flrsts, per cent; Michigan Central IS,
per cent: Lake Erie l. Western tirsts, 4 per
cent: and Denver g. Rio Grande flrsts con-
vertible assented advanced ~; do con-
solidatcd asscuted, X; International Sec
onds Purchasing Committee receipts, .; do
incomes, III; Chesapeake t. Ohio class B, II: do
currency Gs, IL; Keokuk s. Des Moines tfrsts
Fort Wayne thirds, Southern Pacific Of Califor-
MIA 1rsts Winona s. ST. Peter tirsts, and Cincin-
natl e. Springfield firsts guaranteed by C., C., C.
L., !; ST. Paul gold bonds 4; and Missouri Pa
ciac frsts. New York Elevated firsts, Northwest
ern gold coupons, and Lake Shore consolidated
coupon seconds, X per cent
Governments were inactive, with fair busf-
ness in District Of Columbia 3G5s. The District
Of Columbia 3.6Is were 9ia1 bid and a5.x asked;
the United States IS were 10. bid and 10sA asked;
the 4,ss were 10sT and 1091; the IS 1G,1 and
1851; and the 6s 10sA and 1osM.
fering Of bills.
Sterling posted rates were 4s61z and 4Ss1<.
Actual rites we're 4s5 and ass; and documentary
sterling was 4S3z94834. French bankers bills
were SO and 51'11, and German bankers bills 95
and g5h. French commercial, 524 47sG535. Com
mercial marks were 94G95.
The New York journal Of Commerce reports
that the imports at New York for the month of
April .263) have been the largest ever
landed IN single month. The banner month in
previous history Vas April, 1872, but the total
for last month is 81, 1,a6o:a6 in excess of the
figures then given. In 1877 the imports of the
first four months at New York were S159, ,547 s44;
in 1873, 2s4 in 1874, s149.ll4690; in 1875
613o 0sl $50: in 1915, S1l3558,o ,oss In 1871 $l17,
ql1; in 1873. $109, ,799, 100; and in 1850, S74,
f65, $50. The gain in four months at this port
over the figures of last year is S6i, 500 GOO, or at
the rate Of nearly seo0, co., 900 year: The Daily
Bulletin says the merchandise export trade
seems to be on pretty substantial basis, how
ever, and promises at least to hold its own;
while present indica lions are that importadons
will soon show sharp falling of
During the expired ten months of the f7scay
.,.. ~. .-a-.. ..--.N - ~ A
Stal I1e aE&IHGaLe luPofLAQOn3 amount to
641 59A Isl. nearly S.. 500 ON in tha
,,oro. .oforo ,,,n-ooo5o..o ..t., - -. .,c-,
A-eAe'oAot Aftccoo 1oAaa4 VI tue year Iot2
1s.r 4hf, I,,oro.sa ~ emo cea ,es ~, .1s'
90. eA' tA-' - eAo''ooooooA az HietCHauulst,
nna *.@EN.4os IN specie; while the gain over 1878
ls suo*1a~o8e IN merchandise. and s63,6@5,6'1 In
specie In tne expired Ten months OF the fiscal
year taeFe Is an increase IN aggregate exports Of
e@o's8>o'aS over INC corresponding period last
Hear, and 81, sos. .l6 as compared with 1875 The
n 5a5 3s3 40 opainst sa0 GA "a tho co-ras,nr;