, 1880-01-16
Chicago Operators Reported to Be
buying on the Breaks.
Governments F|rn-Foreign Exchange
I. Weaker.-Local Demand for
~ Securities.
Tho pro1ute Markets A,tiss and lrrtgalar-A Gen.
eral Break In Prisea
Qtain and Provisions Weak-The After
noon Tone Firmer.



Gould md Sage lnl turned bulls carnc r,ttI.
attributed to tho Cammack pnrty. This pushrd
prices down, and revnlutonzed tho stock MIR
kqt. Tho urpI} In prices was Utmost universal,
Lousvillc & Nashville being tho only lmportant
exception. Wabash. ST. Paul, aud Eric wero
used as tho stocks with which tn hummer tho
markct. Tho rs.td WIS fairly succcesfils tho
Inst hnlf hour showing serious waycr IN O,lntN-
tlors. Stocks were freely sold, but nothing Ike
a serious brenk occurred. A good dchl
Of; rcnliztng Is reported TO have taken
place during tho lnst' two dMys.
The Chicngo brokers statc that some OF their
customers wcip buying Mt tho decline. sonc
very unfav,rahu ntlvlccs were received from
Now York late IN the afternoon. Predictions
woro freely ma1c Of anothcr November brcnk.
As natural consequences, a bnc feeling showed
itself Mt the close In tho brokers' Offices.
Chicago, st. I.aus l. New Orleans lost ~, to 10,
and Houston T. Tcxas opcngd lower, nt G9 bit
recovered 2, to 8i. Eric opened Mt Ai, soltl
down to 43l, recovered to +tiS, and closed nt 4aA
The preferred went down steadily From SlA IL
EoM. st. Paul was weak. The first Qnptnt1on
WIS at TeH, there WIS m advance Ia 'sss, tho
price thcn fell awny to 7dH. md closed at 10
Tabnsh was active and dropping. The common
Auctuutcd between A ut tho upcning and AK
nt tho close. Tho preferred nftcr sclling at ds:s
dropped finally to O8h,
Tho stocks that closed Mt tho lowest point OF tho
day were New York Ccutral, which declined IL,
to 1Gi,i: Michigan Central IL. to Hni; Lake
Shore IL, to lD0tt; Northwestern preferred Il.
10 l07i4; Erie IL, to 43.t: tho preferred II. to
Gos.: Ohio Mississippi IL. to 40: vt. Joe 4. to
10; Delnwaro s. Hudson IN, 10 76ai; Lackawan-
mn TX, to NY: Jersey Central ~, to G'.;; VIZ
bash IN, to 42A: Minneapolis 4. to "; Atlnttio
& Pacno !, to 40h; 1icadlne *. tn u's<; Pacific
Mail X, to 40};: Ohio t. Mississippi !. to Of;
Sioux City !, to 39H: Alton & Terrc HAutc IL,
to 2S; tho preferred 4.s, to G0 .-.
Tho other losses were Chesapeake l. Ohio
second preferred =, to s4t; the common II. to
clh: Manhattan v, to 63; Mobile 4 Ohio 4, to
70; Lake Eric T. Western H, to :9A; Northern
Paeiae Il, to 3l,t; the preferred 4, to 5sA; Wa-
bash preferred ~, To COS; knnsas & Texas II,
tn 4oa&: Canada Southern 4, to i2h; st. joe pre-
fcrred Y. to Gi.t; C., c. l. G. III, 10 @la; Iron
Mountain IL, to EN-: Union FhciGc u, to o.;
Illinois Central !. to ]0!s; st. Paul preferred =,
to 1u..i; st. Paul common III, 10 =; Northwest
common Il, to y1it.
Louisville & Nashville advanced tx, to %;
Kansas Pacific ~. to 07H; snn Franclsco pre-
fetTGl 4, to 54A; Western Union 4, to 1H3i;
and Rock 1ylRnl y, to 1h2H.
Erie second d declined from B8A to SIX, and
closed at 87A;.
In raIroad bonds, In New York on Tuesday,
tho dealings were nEnIn OIL Ill enormous scnte,
especially III the kRnsas + Texas, Chesapeake j.
Ohio, Eric, and Mobile L. Ohio issues. Tho 1nar-
kct was buoyant under tho Influence nj largo
purchases for both Investment ind speculation
account The ndyanco In sonle instunces saa
stimulated by tho riso ln tho sluro list Kansas 4
Texas rsts rose from 1S to 100, aud seconds frn1u
59z; u Gs4, with u reaction Of per cent at tho
close. The transaction In tho former reached
$lsd,0o0 and In the ,ntter 81, 100000. Chesapeake
& Ohio frsts series md do currency 6s were
thkon In round amounts, the former rlsnK from
65A to 88 on purchases Of fa07 O00, and tho lat
ter from aaA to AN on purchases of $i39,ooo.
Erie consolidated seconds rose tn m!s, funded Is
To 81, and consolidated gold Is to ll0A. Tho arg-
est transactions werU III the hrst-llamed, t4.p,00
rhnnging hnrids. Mobile e. Ohln tlrst dcbcnturcs
rose fru1n Tx to 74s, md closed at y, tho bisI
ness amounting to $l8d, do second dobcll-
lures wcre steudy ut 4DA. Tcxns PAottsc III
colnes sold up to 78A; boston, lInrtforl l. Eric
hrsts to 68hs Now Jersey Central convertlhlen
to 10ex; do adjustments to 1odH; Iron Mountain
nrst preferred Incomes tO R6A DO second DO to
Il; Wabash seconds to 10l; Morris T. Esscx con-
sol!dRted tirsts to 1u0; 1T. Paul consolidated
sinking funds TO lO9 Rcutllng general 6s coupon
10 a9A; md Lake Eric j. Western Incomes to
h3sl. ........... -.
The demand for Government bonds llus ex-
hausted tho supply OF tht,se Ut small tcnolninn-
uons hero and In New York. 4 Chicago dealer
talegrnphed to New York Tor $4,000 stnnll Is
and could not get them. For largs coupon As
tho opening price wns l0ts{ bid ami 10iA asked.
In tho afternoon there werO sales Mt l0it. Thu
s,nnll ~ were 105 bid In Chicago, the "a wert,
tQltt and 10A1; the Ans werb 1G714 anil l07E; the
IS, l01ss and 1U3E ind tho Gs, IU4ts and l041;.
d, Foreign exchauge WIS heavy, with Il perccpti-
bic incrcaso In tho offerings Of bills tln,w1,
agatnst shipments Of grlin, Hour, and meats.
Posted ratcs for sterling dcctnetto 48ah and nj.
New York nctual wero 4SlAGe4a. Rnd A84A+ III
Chicago they weru tS1AG14G4 md lSt3lGpts4si
, Sterling grain bills decuel 10 4BUs 4s1H FGnu..
posted r,ltcs were 4.iA and ol7H. documentary
btlls on Paris werc G5411staAi;, on Antwerp 4.Ba
!! md on l1avro 62jf. Qermnu buukess mnrks
. Here Us and G5si, and commercial were VIZ.
i Chicago banks nro still shipping currency to
/ New, Yurk. Exchange IL selling between bAnks
? 1t Tt1a0c per $l.000 premium. Discounts art
!, not In rs active request rs thcy hMyo bcc Bank
vntes arc 71s per cent and street rites GQb7 pcs
!. cent. Cleariugs were S4,60000O.
:; Cook County Is Of 1sGs wuro soll ut l144, the
highest price yct nude. Cook County Is nro hold
). at 104Aelui,i.
= OF fLoyiathall, .000 sharps, at Is; 0nt J7s Culi.
!; sollIated Pacific, 100 shares ut 5U0; lsoatAn Goti.
aolfdated, 100 shares ut 10; HilvDr Clilr lOO shrcs
at Is seller 10; l0OAt 42h Bopr 10; lQ ut 45 selpI
TO-; Chicago West Division Railway, 100 astarcs III
+ lHs; 6o0 shares Levathan ut IS; :DO Ut NH; ~.
" shares Consolidated Pueblo Mt &; 1uO shnrcs lius.
y ton Consolidated ut 40: hU) shares Silver ClT nj
j. 65; 20 sharca Trnders insurance Company ut llB
:, The following quotatlons were mndu:
:; Etnrk. Hid Askti
I: Go0k County T. i4'S lo1h