, 1880-04-01
FINANCE AND TRADE.
The Secretary Of the Treasury
Buys 100000 Bonds.
THO Grain Markets Generally
Active and Higher.
Hog Products Stronger, with a Mod
crate Business Done.
FINANCIAL.

Tho Secretary Of tho Trcns,iry purchased yes
terribly $bUN,0OO III bonds. anil III consequence
tho stock market experienced II sense Of roller,
and prices for tho molnont wcrc ilrlncr. Just Mt !
the close, however, II vcry unsettled feeling pre-
vllilet. Money quoted at Il, and various rhtEoss
wero circulated ut a diAturbinR tenor. 1
IN tho cnr!y pnrt OF tho dny tho Improvement
,yns u,te general In tho better clHss Of stncks-
burlington advanced from 148st u 14s;t; Rock
1sa1id. l81.S to l69ss: Erie preferred. ~ 10 ~
Northwest common. 0dt to o7H; do preforrct''
41,A1eis: Pacific Mall. 4lh.
New York Central unusually ncttvc. but win
very narrow tnctuntlons, Illinois Centrnl won't
rapidly up to no. ut which price good lenl ol
stock seemed to DO on tho tnar&et. Union nv
r1flc was very active on tho decision allowing
the April dividend to be dnclarcd. -.-.--
The coal stocks wcro only steaty, however.
and hopes rcRurhing them seem for tho mon'of,t
deferred. Sioux CITY common remained nbott
AZ nil div, It Ia believed TINT this Company, rs
pnrt Ut tho st. rnnl & OmnhR Line, mi,st ere
long nttracs attention by reason OF ita lumber
trade, Northern Pacific was nlDre active, but
,4lthtnlt ma,crInl change in rrico. ..-...
lsnllrond bonds, In New York On Mondny. wcro
somewhat Irregular. Tic Issues commanding
high prices werc In good request tnfouahout .ho
day. Ohio t. Mississippi seconds advanced from
uy to la0 Eric consolidated gold Is rose ~ llesS.
Buffalo, New York s. Eric flrsls sold Mt III; llar~
lem Irsts ut lad; New York Central trsts ut l@dQo
l2U4: Toledo, pcoria s. WnrsAw Gtsts Purchasing
Committee receipts, 1N!fGbt3I: Chcayn, lsArlinK-
ton Quincy Is ut 1e0a;; Fort Wayne frsts ut l'".
Huntington, Cedar Rapids s. Northern flrsts roso
TO Ne.k. Irpn Alountnn frat preferred Incomes
fell nf 10 OOx, and recovered to 0lif. Erie con-
ep,,atcd seconds advanced to D1h, md Inter sold
ut OF; 10 funded Is felt OH to SAX, and closed ut
b. Denver 4 Rio Grnnde drsts. after rising To
105A, sold Mt l0tEGDl05. C., c. !. G. nrsts rose
to ~. Kansas s. Tcxas t1rsts sold Mt lGtaoluGal'
and SECONDS ut GS1t 1GSH.
Private correspondence regarding tho money
market spcuks with ccrtnnty OF ensy fatea III q
few days. The tcnacty With Which tho chchpcr
<Anss of stocks aru held may possibly Indicate
TINT Waltstreet Is becoming better acquainted
with tho growth of tho West, and willing now,
rs III old times when Alton WIS u and Lake
Ehorc 70, to iny a sharo Or two away for invest
u,ent.
Government bonds were strong, closing tlrincr'
Quotation: Is, VI, 10jA110lsi; 5s. III. 1&Ab
1Glss; 4hs, 10shDl0st{: Is, 100501oiA; District
Of Columbia ass, 9a19. -,
Foreign cxcnnnRe WIS wcnk+ Posted rntes
4a5N GelssM; New York, 4si3iWiBiA and 4s1asG
487A; Ch!cngo. 48tMG1487h.
Munger Italc Rtvcs tho following INJURIES
showing the operations Of the Clearing loust
for tho quarter ending to-tlny:
TIA Isnuary, Eebrun1y @ .na h Si1ss Z
Fo9 M Saxh. an9af a.a
For March, js7g sa"+'
IHo report LOT 1ucsIlS Vi tue IuIc"Ho Dt"
must in tho lnnin be repeated for yesterday. Nov
York exchangc was steady ut Cue discount PEI
3i,O0g between bu1lkH, with very few trs!Hsnc
tions. E.cl, bunk IL. 80 fur rs possible supply
Ing its customers FROM Its own Now iorl
account, MID waiting for a change, scllera fo
better rates and buyers hoping for lower figures
Discount lines keep hIgh: but for tho rcast'n
stated yostcrdny customers get oil tho mono
thcy want ut former tlXurcs-vfz. cos per cen'
Tho closeness of tho Mnrket pushes most trims
actions to tho upper figures. Largo short loat'
and Gull pnper cs,n still 10 placed Et soino OF I'll
bi1.ks ut tho lower figure.
While nll gool customers here get All tn
money tlley wnnt, privnte dispatches from Me-
York report money very scnrcc md even u PC
cent per tlny bfton md freely paid. or collrs
this c.nnut Inst long, or II 1t does somebody
R,lrc to bc badly hurt. This Is due, OF COURSE I
tho absorbing mania to speculate in stocks
madness mostly confined to Wall street, bit
tho use OF tho "tIUkcr" spreading but too ruE
idly ult over tho country. EhonKo parties huy
at times been trce operators, but ut this dl'
tanto they arc much moro npt to keep cool MI
conservative thnn II standing In tho surgn
maulstrotn OF Wall street. Whether tho bette
OR tho worse for their ventures the public has
no accurate means Of knowing.