, 1880-01-01
FINANCE AND TRADE.
Stocks Higher. with Burlington
& Quincy In the Lead.
Several Millions Of New York Money
p, Sent Hero to Pay for Wheat.
! The Produces Markets Active and Va
tfable.
They Wero Weal Ear1y, but Ali
Closed Stronger.


Stocks wcrr moro Rcttvc, md improved In
price. burlington {: Quincy tonh tho lend with
n rsc OF II lcr cont OIL II few transactions. This
rnrd risu Is hnscd tho merits ct tho stock md
It's Future prospects, md tho gotnl oil Huston
habit so,nc Of It's iargest Stockholders invo Of
steadily rcsnves'tnK utl their dividends In tho
stotk. Apart frum It's general flrulncss tho
nhrkct hAd itl Hpccinl fchtsIrcs. Out
sdcrs hrr not dealing heavily. Those who do op.
er1atc nro bulls i,y II largo nnlurity. Tho few who
70 short almost nisays l,nve 10 III IN Mt loss.
There wcrr II fow stocks thnt showed decline.
Union Pncc lost Il. To &5!1; st. J,c Il, tn :e,H;
tho prcforrca Il. to nm; Chesapeake & Ohio X,
to 1877; SIM Francisco common III, to 41A;
Bioltx City u, to :Ni:i. All tho rest Of tho list
advanced. Michigan Ccntrti made Il, to SatS:
Lake Bhurc 4, to 10o{:; Northwestern 4, 10
8oa; tho preferred u. tu l9Sil; vt. pnui 4, TO
f6A: the preferred IL, to 1905; Louisville &
Nashville l. to sdh; Erio Il, to 4aaal; tho pre-
fcrrcd Y. to tsl; Ohio s. Mississippi 4, to sssi;
Dclnwnro & Hudson y. To T4il; I,ek1wnnn, III,
to saS; Jersey central :.i. to 6oN; Kansas s
Texus y, to Eil: WM'hnsh Il, tn 4sA: the pre-
fcrrcd s. to 14,s: Western Unon Il, to llt!,;;
Pncfc Mnil III, to jim; Iron Mountain III, to
403S; C.. G. l. ]. c. 4, to 9O!E; Atlantic s. Fncllu
x, to 10; Rcndlng ii, to FIN; Sionx City pre-
fcrrcd X, to III; Northern Pacific Il, to ;Hn;
and Manhattan r, to 54t.
Eric second gs opened ut sGS, ndvnnccd 10 s;:.
and closed Mt thAt figure.
1satltuad bonds, In Now York on Alortfny, rs
rllo were higher, brisk inquiry having pre-
vailed almost throughout tho tltly. Eric consol-
1dated seconds sold up tn rs: Kansas l. Tcxns
consolidated asscntetl to o.; .lo seconds 10 4.,i;
New Jersey Central consolidated nsscnicl tn
dated nsscntcd to pesi; Chcsnpcnko &
Ohio first series to G.; Morris l. Es-
sex consolidated tlrsts to 10dlt; tl,osto,,,
Hartford & Eric iirsts to 53ai: Altnn l. Terrc
Hautc Incomes to 8s,i; st. Louis e. Sun Frun-
cisco seconds class a to Bg1s: WnbnAh seconds tt,
09A; do convcrtibics to o.; do st. Louis Diyls-
ion to 100; and Denver t. lilo Grntlde flrsts 10
a5l. Rome. Wntertown & ost!cl,sl,,,rg CONSOLE
1t1Htcd fell on from IL to h8,i. Chesapeake L.
Ohio currency Gs werr firm at u. Wubush now
Is fell OF tOg1.
Government bult1s were nctivc. Tic prcpny-
mcnt Of interest hnK brought Into tho lnprkrt
those who wish tu rcir,vcst their interest. ami
tho first Of tho ycr ii fuyutit time for ttue To
purchase WIN havc been Swing their funds for
Investment In bonds. Tho Is opened ut l0iia btd
and lf3S asked iu New York. They were 10a!: md
JON In Ch!cngo. Tho AS wcre 100 md 1Ois:;
tho rs 1G>:a and lr,:i; md tc % LOT md lo7a;
'Fnrcign exchange wns quiet. Thu s,I,,r,ly OF
bills WIS fair, ltttle larger III ChienKu than It
has heen. Tho posted rites for sterling were 1r.
duccd to 48I1i nIld 4H4m. Now York nctuul rites
were Ae0.lG4S 1.1l.l s3!&GkIH}N. Chlcn4u aotuul
rntes wcrc 4bU se14H0l md 4S}i4fl4E}s. Dncu-
mcntary sterling bills wcrc 47sai. French postos,
,ntes wcro 5e.,i and 5lsA. French grain hills
wcro beoH for paris. Commercial 1cr,nnu
marks .ycre fr}H.
About e3,0o0t0D Rrc now hell by tho Chicago
banks to pny fnr whcut deliverable hcro III, tho
first Of tho month t, New Ynrk ptrellascrs.
The meaning Of this transaction IL thnt n,oucyc,l
men have confidence enough In tho future
value of wheat to be willing to buy as,.t
pny for It md hold IL till Eurppo
makes mp its mini to pay tho American prteu
for It. lii yesterdays currency 1novomcnt tho
receipts nnd shipments wcrc hbmlt e1,tnl. Now
York exchange WIS quoted ut sse to GQc pcr s1,iaO
diAonunt. 1A'ins were lrtivo ut full r,tcs-7d18
per cent. 1,nnk clcHrngs werr $@.400,0M0.
We are Indebted to MAnnger D. Il. IIulc, of tho
chtc,sgo Clearing House, for tho following sttc-
mont Ut tho ccarngs for eacl, year since tho e.
tablshrnent nf tho Clcnrlng- House;