, 1880-03-10
Stocks Moderately Active Yester.
day, with Prices Firm.
Governments Steady Foreign Ex.
change Higher-Local seou.
rites.
fAa Produce Hark.ts Hort Attire. and Irregular
4 Dad Brtak In Wheat.
Other Markets Decline in Sympathy but
All Close Firmer.


4AN 111N ~'4kA-4At
stncks wcrc not rs ncttvo an thoy hnvc hcon
for several tlnys. Tho tendency 10 hDnm np-
pcarcd temporarily to llnyr reached limit, and
tho market clnsei tiHl1, though atcndy.
Thore wAa II refreshing nlstnco 0f points.
Attention wns turned sharply to 81. Loilis,
whcru tho ncafinY Of tho Eunthwratcrn Asso-
clntion WIS In scssiO. In tho h6scnce 0f flefnIt
information, during Stnck-ESehnnge hn,rs, rs
" how It wis likely to end, tllD llnrkpt remained
III atntc Of suspense. and tendency tn R0 up
showed hr Wnbnsh WAS promptly checked.
There continues 10 ltc good buying IT tho Gran.
gers, encouraged by tho rrrcppt md cxamplo 0f
New York. Tho coal stncks nrr rcgnr1cd with
gseat confidence, anu ycstcr1ay MI made gooh
gains, heading, as us,nl, hcatl!ns tho tail
ond ot tho procession. Chesapeake s.
Ohio rotrogra.tcd In price, though tnl.
trahly active. Mobo T. Ohio wns neglected..
Ohu s Mississippi iluct,ta;cd between my and
Az, closing ut AK. Whoever Inny haro bought
tho controlling interest, it II snd IL bo certain
that the 1Nrr,tts hnvc sold ont. Central Ari.
z0nA must b. cheap, II tho insiders nre to Ge he
lsovcd, wh'l assure their friends It Ia cheap ut
anything Icss than Il. Pacific Null declined. mud
a short interest Is forming, on tho thoory that
tho st1ck hns rtspn enough, md TINT tho prt'-
posed Investigation by Congress t,t the now cnn-
trnct with tho pncnc Railroads will havo IN un-
1Avofabn effect or the pruc. Tterc wns TN un-
II TO ii, which waA afterwards lost.
Tho lnrgcst Gnin was mnlo by Houston q
Tcxns, which fnnl!u X, to no, In II few transac-
tlons; st, Panl n,nfc ~. 10 S.;s; and Wahast
IL, 10 III; and tic preferred |. to CON; Atlantic
&Paclao ctnsed ut 45A. with n net advance OF
TX, nftcr selling ut I'll; Delaware s. Hudson
mNte III, to RI; 1.nGknwannn q, tn MA: Jersey
Central l, to s!si; Morris e. Essex 4. to losA;
and ltcadlng l. to 7ls;; Michigan Central mndo
u, to MI Lake Shore II. to 1,1i: ltock island Il,
to- 152ki; Unlou Pacific Il. to 4nA; Eric II, to
4dK; the prcforrcd ", TO It; Ohio Mississippi
n, to +l.s; st. Joe II, tn :1af: tho preferred y,
tn1l; Canatln Southern u, to G7h; Minneapolis
u, 10 ba!i; Mobile s. Ohio 4. to :,aS; Chesapeake
T. Ohio first prcfnrrcd u. tn ;E!li.
Tim hcMvicst lt,Hs WIS lnndc by Pacific Mail,
whicl, declined e:t, to ~; Sioux City Il, to IN;
tho preferred is, to Tux: Northern Pacific 4, To
81: the preferred 4. 10 5B1a: San Francisco \, to
Az; Western Union ", 10 112t; KnhsAs T.
Tcxns Il, to 45!f: Canada Southcrn 4. to 6Th;
Iron Mountain y, to 8asi; Illinois Central n, to
l01.i; md Northwestern II, 10 g3A.
Erie second Is opened Mt vss*S, and declined to
9t4.
In rnl.road bonds IN New York lust week the
dealings wcrc we'll distributed. Tho demand for
tho New York Centrnl, New Jersey Cuntrol,
Fort Wayne, Eric, and other leading Issues
continues unabatcd, and considerable
amounts wcrc tnken for ollt-pf-tpwn ac-
count during tho week. Tho Iron Mo,,nt-
ain bonds woro higher Mt tho opening,
but tho advance was afterwards partially lost.
C., O. Il !. @. Issues declined Ue5 per cent, hut
closed at O rccUvcry ut 38t per cent, III tho
Into dealings tho features OF tho market were
Chcsnpcnke 4 Ohio, Luke Eric s Wcstcrn, Mo-
bile & Ohio debcntnrcs, md kat,sns & Texns
seconds, which advanced to l per cent under
largo purchases.
Government bonds were better Tho 1,B5s
wcrc SOLD ut %; Government IN wero 101.i md
,100i In New York, and 10G!5 and 100s in Chcn-
20. Tho AIS wcro 1915; mud EA8, tho Is 1o1h mid
103si, and tho Is l05.i und l05h. II tho reported
Anttcipatlons Of tho Treasury otlleials thut no
aorun,Itng net Will l'o passed by this Congress
arc verified, tho market will hnvo supply Of
O,o00 moro Of por ccnta than It hhs cal
culntctl on, as that Is tho M1uount fn!ltng duo
npxt year, which will huvo to be continued.
Foreign exchange wns strong. The posted
ratcs for sterling advanced H. u ANY and +t8!!ss
Actual rites In Now York wcro 484A nnd 4s7 Il,
mud in Chicngo 4sih md 4S7!{, Sterling grnin
bills woro 48aH. Posted rites for francs wcro
6lsA and hl6; md comu.crrinl frutcs were h24 =
@1@.h. Posted marks worc 0s md o5I, aIt1 cum.
morclal u,arks ut 0aG10l4. The i,nporlntlons OF
specie and btltllon ut Now York during tho week
ending March iiniotlnt to s10l,l7a, Including
$I5,6D gold md $05, ,8s5 silver. 6Inco tho lat OF
eansIsting Ut f8sl.00 gold md l,Cse, ,k2 silver.
From tho lat of August, 1870, to MARCH, &, 1874,
thero has beGn totAl importation uf IT,, h5.
OF which 500 o.. Ia gold md 81 III, ,G0 silver.
ChlcnHG shipments ct currency to the country
wero heavier. Now York exchange sold bD-
twoon banks ut 2i15Oo per sl,tO0 discount,
LOANS wero In moderate dctnand ut GG8 por cont.
Dank cleArIn4s woro - 600 U0.
ChIcaK0 wuter Is Ut 1S1a woro sold at 10. 4
now rnilroad bond has boon Introduced on the
local market IN tho 0 per cent Sinking Fund
gold bonds Of tho Northwestern lsAliruad, Thcse
ate offered ut los.
On tho Chcngo Mining 1lourd there wcso salcs
Of shenandoah collr1lon, G00 ut ~, bo Mt E.!f;
Shenandoah preferred. s00 at 1a5; ChIcago & Hii-
vcr Cli0, no ut l7.s; 6hcrlanlnnh common, 1,lx0
ut TN; 6henanlodh prcfcrrctl, zoo ut lit; Weat
Chicago 5s 5,uD ut loe. The following quota-
tons Wero mado: