, 1880-01-03
New Year Begins with a Strong
: Rise In Stocks.
Govcrnmont Bonds Quict--For-
elgn Exchange DUH.
Bank C1earings the Largest Ever
Made in Chicago.
1hs rroaHs HarttIs 1grsgalarly Higher. Closing
Eay hul Mtady.~Etry Large Deliveries
on JaHuary cansratts.
FINANCIAL.

time In the forenoon, continued to rise, md
c1nscd ut an exciting Hdynncc nycr tho final qtts-
tntions 1T 1919. Cnnattn Southern went up frtsn
Gait tn TN, closing Mt s9af. Iron sto,1sltan went
from 4b1i tn -. selling fnuliy at 5ts;. North
western preferred mntle ~, to 1NSai: IT. Pi,',f
preferred HI to 1H1; MnhItc Ohio III. to s'!s;
Iukc Eric & Western 1.f, 10 ~. 1'hs 'lpwnrl
Increment WIS interpreted ty Fonc NJ The l''''-
rHtfnn III the january lo'sin, while pthcrs rt.-
Earded 1t merely ns an attempt to Ftnrt tTyinH
80 TINT the cffgnes cnatd ,nloud. \ report T. III
circulation Tint Gn,ltd md his sct hnvn iir'-
loaded their Wafmsh stink. 1W',hl wns
aAtd yesterday to he washing Eric
There has 1eau somc disappointment about tho
contsc Of tue money market lit New Tnrk. The
cnse expected to fnIlow tho disbursement nf tho
Government intcrcst ttitl not show itself. Only
small pnrt Of The S19, ,00 00 Interest lite has been
ca]lctl for, an,' the rates for tnoney rcmnned
close. as far as can he Judged from the drift Of
nffatrs Mt Chfcngo, thorr fs not much general
buying of stocks ny yet, 4 further advance of
scvcrnl points will be needed 10 mike tho nIr
kct nttrnctlyc to tho outsiders.
The advance IN 1rnn Nmintnn was attributed
IN largc rnrt 10 the heavy cummings of the roas1.
These were for the third wcck Of December
moro thnn ttHshtc those Of the corresponding
week year 1tgn md were The InrT.'st OF n1,S
week IN tho history Of tho rnnl. This stuck
hls now recovered 11s: from the lowest point
uf tho November brink. burlington j. QuEury
OH very few transactions went ,p frnn
1914, on Wednesday. to 1371s. Tic nthcr
gains were G.. G. & I. G. u, to Mi; Drfnwnr' S
Hudson ], to 1bA; Larkuwntlnu i. to SIt{: Erfe
y. to III; the preferred !, to 70: st. M Il. 10
3E: tho preferred II, Il, GiT: Illinois Central
", to paT; KnIsus s. 1'cxns x, to :raY; I.nkc
Rhnrn 4, to ]0oss; Louisville &: Nashville .;. to
BT!k; Michigan Ccntrfl Il, to fOk: Northwest q,
10 91I; Northern Pacific II, 10 II; tho preferred
n, to b7ss; New York Central II. to 129i1; Jersey
Central u. to sl,G: ohio Mississippi Il. mi;
tho preferred Il, to ~: I'acif2c Mat 4, 10 ~;
Rock Islatnl u. 10 149!i; st Tnui y, to fDE;
Union pnCff1o X, to E,A: Western Enitl ii, ii
NcH; 1scndlNx ". to III; st. I'nml & SInux City
21s, to ;'0M: tho preferred Il, to III Chesapeake
l. Ohio I, to 1AIi.
Eric eccnnh Gs opened at s7E, sold down to
67ss. nnh closed ut B8,
In ratlrond honds, in New York on "wednesday,
prices wcrn generally higher. Thr grcntrat
incomes. which sold ut 87GllO. nnstor,
Hartford & ErIe flrsta rose from b3A to
kiA; Eric consolidated seconds frnnl BG3s
to SIN; Home, Watcrtown s. Ogtluns.llrK flratH
from 6s!s to 10; New Jersey Centrnt consolidated
firsts frt'm 1G3.i to 100; Iron Mountain second
incomes from Oh to 07: chfcago & Northwestern
sinking funds fr0m liz tn 11aH tu consolidated
gold coupons f1'tn III to 1l41; Knnsns 4; Tcxns
seconds from sGt to u; md Chesapeake 4 fh!o
iirsts eerlca Il frn,r Et to Glf,-lha Inst ,,ntuttl
reacted to G3A nt tho close. Denver & Rio
Gran1e ttrsts fell olr from niA 10 o., nt,.l ro-
covered to ON.
Government bonds wero fatr1y activo. Tho
Is OPENED ut 16J ltd, MD 16t,a nskctl In New
York. III Chicago tlloy were 1E.S bid, md 1Gls;
nskc.l. The 4!fs very 1uaA INIT l1ttss; tho a,
1f}ia And t!FIts: md tho is, 1H4is and lOnf
FnrGIEn exchange WIN dull. Tho supply 0f
bills WIS l3ht. Tustrd r1,tcy for sterling wcro
4slnG MY. New York Rct',nt rites were 4s0A@
MA LkSy