, 1880-01-25
Government Bonds Not So Strong
Foreign Exchange Weak.
Light Currency NIovement-The
Mining Board.
The Produce Markets Active and Again
Weak-Too Much to Hold
A Sharp Decline IN Grain and Pfoyisioas-3he
Latter Close FiEmer.
FINANCIAL.

1QElE "Ef6 u 1E" EuA6tAI0NAa nAFAAN(4 II
stocks Burlington e. Quincy made 3A, to l48
Erie preferred ~, to 7U4: St Paul & Mime
apolis ~. to alA; San Francisco preferred 2A
to 574; aud Ohio s.. Mississippi preferred 2. X
65K. There were no corresponding losses. tht
most serious decline being on Sioux City, to 39A
and the preferred to Is. indianapolis, Blooming
ton l. Western WIS quoted lower on the single
transaction of the day. There WIS report tha
Gould has resigned his seat In the direction
Of the Union Pacific The price Of tha
stock ductuated between 9ih and 50
closing at oeh, decline Of y. Louisville
&Nashyille is Kept up by the short interest an<
the fact that the Louisville stocks are not {
good delivery In New York It rose lH, to l24
Besides the stocks named, the market offerct
little for comment Comparing closing prices
with those Of the day before. the gains vert
New York Central u. to l3l; St. Paul preferred
Il, to 10e: Illinois Central H, to 104h; Eric Y, II
43<: Columbus. Chicago g. Indiana Central i, II
24h; Delaware e. Hudson Il, toss; Lnekawauna
4. to SIX; Canada Southern u, to TX: San Fran
cisco v, to IS; Northern Pacific =, to 3fA: Pa
cilc Mail Il, to 393i; indianapolis. ClncinnaHs6
Lafayette u. to So; Chesapeake & Ohio \, Il
224; and Central Arizona 4, to l3A.
The losses were Lake Shore X, to looE; North
western Il, to 90X; the preferred u, to los: st,
Paul y, to TIN: Union Pacific, Il, to g3h; Iron
ferrcd !z. to GIN; Kansas g. Texas i, to 10:
Wabash Il, to 44}H: the preferred X, 61a; West
crn Union Il. to 1861; Northern Pacific pre-
ferred ", to 81: Lake Eric e. Western =, to BIZ
Chicago, st. Louis e. New Orleans l, to 43; Mo-
bile &; Ohio \, to n; Manhattan y, to 5lhs; Terre
Hnute 4. to FAX.
Erie second Gs opened Mt 8ssas, advanced to 8sa1,
sold down 10 ssk, and closed at 8s's.
Railroad bonds, In New York on Thursday,
were nctive, and the dealings we're characterized
by ouorant tone. The largest transactions
were in the Kansas l. Texas issues, Of which
100 f1rsts and $1,055,0o0 seconds changed
hands. The former sold at 103H @lo4: and the
latter fell or from g. to 684, rose to 6sh,
and finally reacted to 66h. Texas Pacific
incomes werc in active demand, and
rose from .B4 to 81E. A dispatch from
Philadelphia to Kernan's News Bureau stated
that, ut meeting Of the Texas e. Pacific Rail-
way Company, held at that city on Thursday, the
contract for extending the road from Fort
Worth to FL Paso was ratified and the mort
gnge executed by the President and Trustees
Messrs-' Jay Gould and Russell Sage, Of New
York, and Frederick L. Ames, Of Boston, we're
elected Directors. The accrued interest on
tho income and land-grant bonds to July l, 1872
WIS ordered paid in scrip. receivable for land or
erchangcable for stock Rome, Watertown g.
Ogdensburg flrsts rose from So to =, and reacted
to CO..: Ohio 4; Mississippi, Springfield Division,
advanced from M to 55A: c., c. T. I. C. in
comes FROM II to 50; Lehigh g. Wilkesbarrc
consolidated assented from Q61< to 81: Indianap-
oils, Bloomington T. Western flrsts from 73 to
s..5s; do incomes from 5s to 6oA; Lake Erie T.
Western incomes from 63 to 81; Canada Southern
firsts from Ql33 to gs. Iron Mountain f1rsts pre-
fcrrcd incomes sold up to 30; do second do to X;
but the former closed at IS. Chesapeake l. Ohio
first series 3 fell of from 67z{ to 66!5 currency
Is from 4o to AA1.
Government bonds were not in good demand.
Tho IS we're 1o4!!s bid in New York and l0ih
asked In Chicago they were 10ias and l04H
asked. The 41zs wero 107ss and 107A, the is 1D3sl
and 104, and the IS 104.s and 1044.
Foreign exchange was weaker in the expecta-"
ton Of lnrgc offerings Of bills against foreign
purchasers Of New York Central stock Posted
sterling rates were 4S3 and 49, New York
actual rates we're 4SeA and 4s44. In Chicago
actual rates we're 4821k and 4s4H. Sterling grain
bills were 4So1 and 4S0A. Documentary bills on
Paris were 625G5s34, on Antwerp 520A, and On
Havre 525sx. German bankers marks were IS
and 05A. and commercial were 94k.
New York exchange was sold between the
banks at 6O1775c per $1,000 premium. Offerings
were larger in order to provide cash for the set
Elements Of the first OF the month The curren-
cy movement was light, with receipts rather
larger than shipments. Discounts were moder-
Lite, with bank rates 19s per cent, and street
rates GD7 per cent
Manager D. r hale, Of the Chicago Clearing
Holse, reports the clearings Of the week as fol-