, 1880-04-18
Stocks Still Feverish, with Lower
Tendencies.
Money Still Manipulated, and the
Bears on Top.
Usual First Of May Demand for Gov
ernments-Local Finances.
The Produce Markets LESS ltti5t-Rheat Irregular,
Owing to Seaboard deHs.
Ths Other Markets Steadier, but Generally
Range Lower.
FINANCIAL.

| 7tocho were uUL ucL1fE, A1lN WGIt fot otAoAb "
any time during the day. At one moment the
| nnrkct was apparently on the point OF turning
UP, when tho r,lid on Louisville Nashville BE-
gun. That stock was carried down from l4a te
lie, anu the Whole list was deInOrnllzed Will IT.
Inc manipulation Of money WAS continued a
| good deal Of uneasiness Is spread by tho dura-
ton OF this articial stringency, and BY the ease
! with which tho bears keep control of tho mAr-
| kct- An active broker III New York advises his
| correspondent in Chicago, that "when money
eases up stocks will 10 lower, ind that they will
! go lower before itdoes case up" On the other
hand, the Public thinks tho downward move has
bee" made by Mr.. Gould in order to buy stocks.
1t says: THE rApid advance which occurred
Whenever the downward pressure was relaxed,
and the uncoucealcd activity In buying Just
when tho money market WIS most disturbed
Show the character of the movement plainly.
Mnny sngacIous MEN think the way Is now clear
FOR very vigorous and lonE-oontinucd rise In
the prices OF Stocks"
There were few important changes except in
louisville & Nashville. This opened ut 140,
sold down to LIZ. and closed at l2a14. Chatta-
nooga sy1upathisod with it to tho extent OF de-
cline from IS to a.1oh, recovering to II. There
were more losses than gains, but they were not
serious. Norris s Essex declined H. to 107; Mich
igan Centrnl 4, too; Luke Shore Il, to l08x; Erie
preferred 4, G5sf; Northwest, II, to o.: St Paul
u, to S7h; Wabash ", to 391x: the preferred
u, to G81z; Ohio & Mississippi 4, to 531s; Kansas
& Texns 4, to 3BA; Pacific Mail 4, to 38H;
Lnckawannn u, to s9: Jersey Central Y, to rs;
Reading \, to 6ox; g., c. + L C. u, to IL;
Union Puoiflc ~ to 88; Iron Mountain II, to
4S'f: Western Union: v, to l0lE; Atlantio &
Pnciac v, to Ell Tefas Central i, to Is; North
cru Pnclao preferred II, to 524: San Francisco
4, to 35al; Manhattan II, to 2S4; Minneapolis
.a, to 5ssl; Sioux City Il. to 44k; Mobile i Ohio
Il, to l0A.
Lake Erie s. Western was strong at an ad-
vance Of II, ut 33,1, and Chicago, St. Louis s.
New Orlcaus advanced III, to s.. Illinois Cen
trasl made i, to 1861; St. Paul preferred ", to
lU3; Ohio preferred Il, to 13k; ST. Joe preferred
Il, to 6s: Hudson H., TO 821z; Canada Southern
=, to 59st; Northern Pacific Il, to Is; Sun Fran-
cisco preferred Il, to 81; and Chesapeake & Ohio
4, to2t,z. =, T.
Eric second as opcned at OH. and closed at
COX. -
Railroad bonds III, New York, on Thursday
were strong in the cArly dealings, but subse-
quently became heavy, and declined sharply.
A large business WIS transacted In Erie consoll-
dated seconds, which rose to 81E, and declined
to 90A. Kansas & Texas 1rsts fell of from
l00M to 9vh;i'. do seconds from GOz
o0x to 90; Efle funded IS from IS to
BIZ. Columbus, Chicago l. Indiana Central sup
Elementary rose FROM BIZ to &M, and do in
comes from 36H toBSA but tho latter afterward
reacted to 81. Rome ~ atertown s. Ogdeusburg
f1rsts advanced to edH, nnd declined to 84k. Iron
Mountain second preferred incomes rose to 7o3<,
and declined to u, ;, indiana, Bloomington l.
Western trsts sold at54Q175-
There was an uctifelemaud for Government |
bonds from patriotsYho wish to escape ta1ution |
or assessments to be nude May !. The District OF
f1k,1f3 3tet,i ,i,Qc rtHVot MI
United States Is, 106 and 1071S; tht, AVS, l05as
and 1osss; the IS, lo3G and 1855 and the 8s, 1863:
and 1861. : r
The local supply offoreign exchange has iu-
creased On account Hf more liberal shipments. |
The posted rites for?sterinG were 485 and 4SS. |
French baukcrs' bills were 516% and 5l5, and |
German bankers bills o5 and 05x. Actual rates
for sterling were 4S1!!z and 4s74. Commercial |
sterling was 4s:EHQ14s+h; French commercial, |
Els tor Pnris and 52,;a for Antwerp, Marseilles |
and Havre. Com1netcial marks were 81 and 94h.
The New York Journal Of Commerce calls at
tentfon to the fact that tho balance of trade In
alone for the first throe months OF
1875 was loo,y54 9a2 In favor; for the first
hree months Of 1879 Fas SIS, Oo0 in our favor,
and for the first thrae months Ut 1850 Is about
SE,0oO,0N against us! This change, rcckoned
or only three moths, IL tho most eloquent
warming against the Extravaganza Of the tunes,
md the seeming refklesness With which our
oregn trade is now conducted.
The currency movement Is light, but the re-
:eipts are lnrger than the shipments. New
York exchange was sold between banks at eo0
&C per 5000 premium. Discounts nre selling
asier. Kates were 6GS per cent.
The clenrngs Of the Chicago banks are re-
ported as follows by Manager .. B. Hale, Of the
'hicago Clearing House:
Date ): u,ea4taqs. Balance.