, 1880-03-09
Large Transactions III The Grnngors-De.
cline iii tlIe Ohios.
Governments steady-Forcign Exchange
Firm~-Local Finances.
The rnduts l1arktts Moderately Atiite-lShtat
Ntak, and Quite Irregular.
Other Markets Less Nervous, but Easier
in Sympathy.
FINANCIAL.

Gully tht. Ohit,H 1f high htstl low leErEE. were
notIctni.le tUr weakness. rho c1Da1 wits tir1n.
MnntIattan sold as high as 6.tt, ctasinE ut h0sf,
nm ntvnncu or TX on tho opening. Tho tl.ict1in-
tiuns NJ this stock rise and full With the pros.
prcla Of the passage nf the It'll IN rcti.ieu farcs.
Tut there nru operators who hrllevo lit higher
prrcs whether tho bill hreonesn law or tIot. The
cnritnl Of this Cotnplny fs sfrtuntty nii piper.
1t might wull ho c,led tho New York Water
Power stock. The tlse III Aln1lhtttun contn.sted
shntpiy with tho weakness of tho Ohio stocks
thnt boomnd On satnriny. They were NIL
nrtIvc, but showed considerable losses.
Chesapeake H. Ohio WAS freely dealt
In. Tito common hpi,ted ut 11a1. mn ndvnnct
Of * on Saturday. Inst prict hut declined to 2t.
Tho first preferred lost I. to StS. an tho second
preferred u, to 2G4. Tho Cheaapcake Il Ohio
Hallway Company l,nvc cnllcsi in fer in'nctlinto
redemption and arb new paying on S;ss',hN Of
tho rurchnse-nlnncy obligations given to tho
creditors Of tho old Virginia Central lu1llrnHd
Compn1y m ntetl1nt tf the ptlrGhnsf Of tho
property by tho present Company. Dy tic
terms Of the decree Of sale these obligations
wonth lnt due in 1850 To 1Rs1, tho Company hav-
Ing tho option to pay them OF nj my time he
furp natrrty, nf which option they huve
nva!lcl themselves, All n1tcnslon Of
tho line Ia contemplated IN thu sulc of
tho JRnlea lttrcr l. knlmwit'i Canal and frnn-
chtsrs to the lt!chmunl 4 Allegheny KaI,rpaIl,
which Ia to construct road along tho enifre
line If The canal from Richmond to fluChanun,
nsout 40 miles, atltl thence about forty miles tH
clifton Forge, IN tho Chcsnpt:ake 4 Ohiu Kait-
routl. Ohio s. Mississippi WIS wpak for two
rcnsons. Tho Louisville g. Nashville managers
officially deny thnt they hlve bought 1t. or mean
10 buy It, and III tho snine lnio It wls rcrN'rtcd,
crcdb!y, thnt tho Baltimore & Ohfo pcuple havc
sold their Interest in It. Tho common declined
from ~ to 40 closing ut 4oA, n lOss OF III, md
tho preferred wns oif III, to ;8 Mobile l. Ohio
2uA. Tho street arc not I'LL by any n,Gnna bulls
on this property. 1t mny bn wanted 10 COM
pleto some southerh combination, but Its pres"
Ont earnings show ITO likelihood thnt tho
roud will meet its ixcd charges. when at their
muxlu,um. LRko Eric 4 Western continued
Its reaction, and declined u. to Hi. Conl stocks
wcro fniriy nctlvc. Atlviccs from New York
statc that there Is good buying OF them III tho
belief TINT the t!rsc has now come for tho conl
tradc to feel tho improved condition OF tho rtil-
road and manufacturing b'tslilcss Delaware 4
Hudson bus strung pnrty hchind 1t, md g'liitesl
!, but afterwards lost 1t. JackAwnnn gained u,
tooAA; Jersty Central As, to Ss!a, after selling
at COX, figure which prosokcd rcaltztnE sulcs.
Morris Esscx lost u, to 10y. ncading was mt
80 much Of d fnvnrit us tho Other coal stocks.
1t rnngcd botwccn f@@ai nrld 7lts, finally showing
Katn Of sa, to IN. Tbs stock attracts
fowcr spccuators thHn tho other, on
Hccount ol tts heavy indebtedness Tho
Gralngcr Etocks Wcrc strong. -Nurtwestcrll
is held for higher prices byn stronR pool. st.
Paul Is said to be- ready to pay 3H per cent tu
holders Of the common stock on tho n1xt dlyi-
dend day, aad to have hal tho n.ossey for
1t enrr1n1 q mouth ago. Northwestern nd.
va,,ccd l. to o. nud st. 1aul *, to 2s. Erie wus
bought freely and sold rs high as AN, closlng ut
4UH,-a gum Of Il. Tho tntk Ut highur prices for
1t continues Northern FacIllo common gained
], to 34.<, and the preferred Y, to 5Ts:. Tho
J.Akx t>n+
New York Central lost y, TO lt.31; Luke Hhnro
u, TO l09y; Alt0n i, to 1U7; C., G., c. l. I. ~ tu
1BA; Minneapolis q, to tIas; Rnn Franclsco H, to
rs; Pacific 5full l. tn 20: Nashville & Chattanooga
l, To IL; Chtruxo, st. Louis s. New Orlpnns 2, to
e; Houston g. Yrxna Il, tuy7,
I}csldce tho gnins already refarred to, Michf.
pun Central atlyunccd u. to III: Illinois Ccntrnl
x, TO 104k; louisville s. Nashville \, to 10:
Union PuciIo u, TO G,H; Iron SIouutuln Y, to
rnt. .C..CkI a. Ia. III 1Ns:. 1T. loo X. In :M5; :
tho preferred u. to IAN: Kunsas l. frcxns la;, Ia
45;; Wabush Il, to 43af: tho preferred ii to
GsI; Western linton 4. to ILL.
ErIe sccond "a oMncd MI n.l:. ,1,tped hntwt,cn
Q.!t md o.. md closed ut Gak.
I,ullrpal lpul, IN. Nesy York on Saturday. ex.
h,btcd marked s,ronxth. with very hcayy
business IN Chpsnnenkn h Ollo ind Mobile 4
Ohio issues which ulyNlcctl a6b3 pcr cent under
lurgo puruhusrs, c.. FL. G. tssues rccovcrci]
l9ty ner eent,-tho latter tu incomes,
business ,yua better In Government bonds
District Vt Columbia 3.c5s wcro unchanged at
.gi: bid and Bd!l asket], Tbs ts were 1uk}.i bid
and l0dE asked; tho AVS, lUit: a,.d lQY; the q,
lQI and 1904, mud tho o. l16.1 and l05x.
Thero ,yus mut!cr,ts supply ut foreign CT.
chaugo, Sterling posted rt,tcs were tX1 und 4YS:
ACTUAL rates In Now Yurk wgro 4s{Ql@Y4tt and
4R1Qbt67li, and in Chicago 4S4 and AIT, Sicrlipu
grain bills wcro 4ss. Posted rutes fur fruucs
,yrro 61ss{ and bl5; aud commercial frnncs
wore hasGGlssl1f. Posted 1narka were p5 ind
asA, aud commercial nlarks e4lpa4. The i'm
p,rts OF goods for tho seven months ending Jan,
IL amount to SUI, oOo. compared with s.jsa.
l450oU for tho sal,ly pcrlodn ycur proyIo,,s,-ar
. increase Of Gss, ,oU; Or nddng sI,ec!e, thu
totui exceeds that Ut Inst yenr py SIM, ~; ,DtW
wh!lo tho increusu III tho experts Tor tho seyvt
months Is only $b., ,:SH ,U00; thuA tB npnrts havt
yuncd nr tlc pt,,,rts nj fba r.tt. nf xtta mn Its
nvoar-irho eI.ortn If uo,s NM, an,-,1s Fnr III,
tAuIjthB mentioned ExEEtu tho value OF tho itu-
ports by &73,uu0oU; willis for the aatne perlll o
IT, SsSt st ts o1ssss sss,. ss eiSs4 nsss ss, wv
wi nv thesu fu,,r.,s vrhfch nrn nssn,u,,,