, 1880-12-04
BUSINESS.
Money Grows Easier and Stocks
Advance.
Rise In Foreign Exchange Foroshad-
owing Higher Money in
England.
Currency Shipments Not Quito So Hcnry
Local Finances.
Tho Produce Markets Very Active and
Very Much Unsettled.
Hoayy Selling Out In Grain and Provisions
A Fiold Day ior Tho Bears.


Money was less stringent. 1sntos declined
lfnai Il 10 l-le. 4Alyfccs received from New
York from sovcrnl different sources stated ,hat
tho tiEhtncss of tho tnoncy market could last
eut u dny or two longer. Foreign cxchaiRc
t0ok stit'don npwnri ti,rr lndcntin1 harler
tendency In money nbroud. Gold continues to
nrrtvo. but inNncters arc already culc1linttng
tho chAtlces thnt It Will cciso 10 do 20. Call
loans OIL Government bonds TO tho best borrow
crs hnrc brcn rs,lsetl III New York To per cent.
1lnnks there Hro sRd to intend 10 keep tho rate
I nt tlat iglre, md to have coNpcrslcd III tito
recent strtngclcy for tho purpose nr cutting 1t
tlleru. Tbs best houses have not haA 10 iMy
any premium for loans. and 'to mot expect
to. CurTetcr gives signs OF ling lntb tho lit
trrlor more slowly, anl this will five tucllc re-
lief to tho i11oney market. -Ann.hur source ot
custer rites Il tho supply catletl Into New York
by tho strtngency, which thus tcns to def cat IT.
self. New England hls ut tllis moment I'm easy
't1oncy inarkct, nNd Is 90 near tho tlnal,cln ccn-
trp lliut tho transfer OF funds can be easily and
quickly iluto.
Investors consider Northwest a much better
purchase for mot having to pny my cxtra tlivi-
dcn1. Tho r0nd could bnYo earned {i00,lOO
moro II week tho last month if 1t had had the
cars, locomotives, mud truck. To cxpcnl money
IN providing these facilities will simply mil 90
much to tho pcrmnucnt earning capacity OF tho
rou,t.
Western Union wis better. Tho American
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B'tyiuE hcgtns to improve In tho cheap stocks,
cspcclai'y LHko Erio & Western, chesapeake 4;
Ohio, OntNrlO j. Western. md Kunsns s. Texas.
Thcrc WIS II good deal OF selling NJ lonX stock
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