, 1880-05-14
A Day Of Heavy Losses, with Very
Few Gains.
Foreign Exchange Hsavy-go7ernmants
Dull-The Currency Movement.
The rrodma Harieis Moderately Attlse and no,tIy
Easltr-pro,Isiens md llogs Lower.
Wheat Turns Downward-corn Steady-Bread.'
SUITS Firm In Europe.



cu1ntion or dIsa,aictlng rumorr, the market, mp
pArcntly throuEh tncro incrtn. rail down steadily
frs,m tho opening. With fractional exceptions,
tho opening prices wero tho highest and tho
c1osn4 tho Invest Of the tny.
The only stocks TINT mntlc gains wcre few
that wcro dull and unImportant In their movc-
.lcht- Chattanooga advanced n, to 20; Lt,ko
Erie Il Western ,z, to c5; Minneapolis u, to 504:
md Chesapeake & Ohio ". 10 117s.
Wabash suffered severely. The common went
OF 31i, 10 n and tho preferred 6s:, 10 81; pncto
Nnil lost 3it. 0s'M: Tcxns Central ~, to IL:
selling Mt 5Al md 81; Canada Southern ~, to
e.. THO coal stocks were conspicuous for tho
cnse with which they yielded. Hudson lost 3, to
sUla: Lacknwunna 31s, Ia 75h: Jersey Ccntrnl :ai,
I" G7, anl Reading w, 10 4sai. The knowledge
thnt sumo Ut tho coal companies ire cutting
prices, md TINT n largo number Of irt,n-works
nre likely to shit lown, Is having II depressing
niItct n1t these stocks.
Other losses were Burlington & Quincy ~, to
1e9; Cleveland. Columbus. CINCINNATI 4 Indiut-
n1ulls 81, to iUtis New York Con.rul ~, tn III;
MIchIgnu Centrnl "a, tn 7Dk; Lnku Bttnro ", tn
1os: Erie ~, tn 3lsf; Erie preferred D. to 5s1s:
Northwest ". to sasi; the prnfcrrcd II. tn 1os.f;
1T. i'ant IL, TO TN; tic preferred H. to 1G0l;
Ohio 2, Ia 20; tho preferred X, to S2H. Ht.
Joe IL, to 70; the preferred X, to GS7s; Knnsns
d Texas e,z, to 90A;; C.. G. & l. &. as. tt 10S:
Union Pnc!fe II, to saH; Iron Mountain 3, to
bufs' western Onlon ~, 10 VS}ls IAtiailt!c
p"cllle - TO S9 Louisville y Nashville y, to I'll:
Northorn Pacific 2, to II; tho preferred 1af. to
iI5z; snt Frnncfsco 2, to III; tho preferred II,
tn4os; ail'nhRttan !. to III Chicago. 1T. Louis
& Now Orienns !, to 25
Tho speculative public nro discouraged by
tho eontlh0ca ofopplhe h"ay OF prices. III
Festofs nro ocelhhiils. to scr'ltinlzo quotations
ior 1nrHhns' but So fur thotr belief TINT In
Some lungs tho reaction bus brought prices
IL nrGt1nH1}t1H 1nsG3 ff74 tIt,,ttf
expression In "ordcrs to buy The prospects
M dnll summer nro such Tint mnny who
nellefe III hsKhcr prices doht llko to tnko up n
ioha oI stocks that thoy mRy hnvc to curry I'LL
adthmr' New York brokers still disseminate
oear!sa aaSIces' .....- go.
Eric second Us opened Mt 30, sold up to 8o4,
oown 10 %, anu closc!i at ksf.
Hallfona ooi,ds IN New YORK on Tuesday, wetc
unusually nc1iVe. IN tho carly denllnEs tho
Inhsket WIS weak anu prices declined shnrp!y.
p''t to"hrn tho e'ose tho Leading Issues showed
material Improvement. Tho transactions III
Er'e eohsollaAted seconds Wcro On h sch1 Of
great magnitude; those securities opened Mt
IN sold down to I'LL, and closed at ssS. THO
hansns q Ioxaa mortgngcs ,soro also mo-
nccao!y nctiSe-tno tllsts assfnfcd dociinlnE
lrom looS TO NM. and advancing to 1O0A;
eha tho seconds selling m from Sah to ii,
receou9 10 1I4, fet.'fn!ng TO q, md closlnK Mt
W1: noston, Hartford T. Eric 1,rsts declined
Iro'n ID 10 .,A' nna recovered to I'M. Chcs-
tpeako q unlo CLASS u rose from do to 0l, do
snnea ~ sAss. ana recovered TO u. DO currDncy
y - ie'i oil rom VI 10 10; columbus, Chicago T.
tnaiann III Contra! supplementary tlrste from 81 to
~; 10 incomes from 3. to 10: 1tonc, watertown
Sosaeaso'trH consolidated Arsss from I'd to ii;
uuMnu t'iooth!ngtoA . western preferred firEts
rum ll6H TO LII; lrt'n Mountain ltrSt profrrrrtl
incomes 1rf'in ett4 to "; do second preferred TN
comes comes from II to oe; International Il 0reat