, 1880-03-16
Governments stcady-Foroign Exchange
Quiet--Local Finances,
Tho Produce Markets g0wor-A Weak
Day In Wheat Circles.
0thes Grain and Provisions Easier, In Sympathy,
and Quiet.


onEna from 9ix to GsS, selling al tho close at
5A, gain OF 4. Much higher prlcca art Pfe-
ictosl for It, and son1 eslthuBtaaiu believers III
expect tn SEQ tho common se'l at llS ey INC
st OF .1ilnc. The rt'nd Is earning 10 per cent
aore than lust rear while It's expenses '.rc nut
pes cent more. It IA divilIug per cent OF, It's
stock, and cnrnInK several per cent IN
ddItiou. Northwest preferred went UP IN, to
q, St, Paul gained Y, to SIX; tho psr-
erred r. to l04H. The decision Uf
he dividend has been put oh Till
March 81. Parties In New York have bid 3N per
,ent for It. Tho preferred made n, to Wa.
Rock Island went up Q. 10 155 oti few tranfuc-
ions. This Ia one Of tho cheapest stocks on the
list, considering it's earnings, but Is not nttract-
tyo to dealers, ns there Is 80 tflo OF 1t atioHt-
Eric t,ucsunted between 45x md 45H, closing
with n gain OF u, at 46S. Tho preferred nude
4, 10 7OY. This hns been favorit stock to "e''
hort for tho past month. hit 4 wnrniny COMES
tt1m New York TINT this may be done once 100
olen. Ohio Il Mississippi was active ngatra, aud
ITO husband Of New nelfo1l capltaAst OF
sofa,body else pushed It asonR y, 10 |'h There
is n'lu,portnnt dral going On III this stock, hut
Its n nugcrs haye not yet taken tho public Into
thoif confidence. There Wns mn ntlvhilct
ia tho p1pforred nf 2. to II. st. Jon WIS
favornbv affected by tho very good showing |
for tho S.ar lnndo by tho animal report pub
lishcd exclusively In I1iE TnlnuSE. The com
mon advaccd y, to B1, and tho pFetorrcd l.
TO IN. Th' coAl stocks wero Inactive, but hr1n
In price, Hudson sull nt 8lttQlS4XqbE1H, closin8
Mt g. Iack.wnnna nude v, to a2A; jersey
Central v, to III: md lteatlEng u. to 6ah. Min
ncapoliB ga!ns1 u, TO &c. New York brokefA o'
Saturday wero selling puts at 65 for per cent
for % tlnys. Contracts have Just hccta n'adu bv
this rund for nO new cnrs and forty lt'co-
motives, 0nins lot n(rcuIy referred to Wcro
Chicago, st. Lotts 4; New Orleuns 4, to A0A;
Northern Pacific preferrcd Il, to NH; snn Frnn-
cisco preferred 4, 10 51,5; Western Union y. to
INK; Kansas i Taxus Z, to AK; Cnnat!n
Southern Il. to 81; G., c., G. /. y, ~ s0A; Iron
MountAin X, to GUY; Union Pacific u, to 9lA;
Louisville s. Nnshyil!ei, to l57; Alton 4. to 1y7;
Lake Short ii, 10 lo3H; and MlchIsnn Central Il.
to II.
The losses were Chattanooga ~, to B'A;
Paciiio Nail IL, to 60h; Aan FrAnctscn !, to ish:
Wabash Y. u III; tho preferred Il. to ssh;
Columbus. Ch!cago i Indiana Central y, to In.
Erie eecond 0s opened at nj. md closed at OlH.
In rnilroad builds, IN New York TN sat,ir-
day, the chief nctlvlty WIS In the Trio
issuoa, which advanced to 9lH for eon-
soll1atod seconds, nnd To a5M for funded
Is. Chesapeake l. Ohio s0r'cs d sold up to
Gsl, and do currency Gs to n. Like Eric &c
Western Incomes ross from GB.i to 67A. Boston.
Hartford Erie trsts CGll ott to b7M, and closed
ntGsx. Ea,.sna l. TexAa flrats waea tirtu ut ti2H
O1G:sf, and do seconds, after selling down to
05h. roso 70 Vi4. T., Y. q !. Y. incomes oecllAea
10 At, anl do Supplementary tn 81.
Western operators Hr1c lgsanni1lR tholr holdings
Of stocks n.ti1er thnn increasing them. Tho OK
pcrioncee of last November t.ught outsiders
Wholesome ltBe0n As to tho power OF tight
money to break tho buck OF speculation, III
mhtter ~" slfohA. M'St PERSONS pFe1ee ~
etand 70 one alflc Hht,l TUG Apt14 scttcMonta hfo
dnne. uut th's IL iolt 10 10 tcnPofhsy ma9cf.
whsio tho eauses whlch hre WORKING 70 itnprofo
bnslnoss und Tho tfaao III INC fssilroa"s arc per-
manent' 4rhoe fclUrth1 crop pr0spetts, fAll'
road EARNINGS, Immigration. Htnt'aties' tito bull
Ion yield. aro all encouraging, anu. promise to
mnke lhso a booming year. AaV1ces IRON Ncw
YORK stnte that tue r,aFKoe 10 IN tno hands ~
strong cliqnos, each OF whlch stands Well up TO
It's 3avorlt stock, AMI u Is INSERTED INIT doHi
ond eage nave oeon oaS1ng stoe2s ot 1no aalhe
limo thoy attacked the markot' nnd sont out
disp0lohea 10 AlAlM ING couhtFys sHu 1Iluuc1 IL
to sell Under such circumstances, With sccnc-
taEy sherman'e excellent pulley lit operation
thpr0 seems No foaSoA TO nntc'nnte anything
worse thAn what Is known rs hcnlthy reac"
tion." II this country should begin TO export
2ola. conhoonco III tho maintenance or values
would be shaken for tlmc Mt least. A New
York dispatch etAtba that Drc1el, Morgan u
Co. o1portcd gola y0steFuay, but no canstdera-
bio movement OF thlt sort has yot begun or now
Seems probable. ..
In estimating tho probabilities OF n dFnin or
money frn'n Rew York 10 New England and of
spcolo to Europe, It must be remembered that,
~ long as Europe Ii taking our securities, snch
as tho Southern pAci1o bot41s, the ct1unccs Rro
s1lll Of !ts asktng us for sPocto. Aud shIp-
tnonts ct srocie would ut 0tice cnnso such n
rectiacatiou OF tho prices Of our cxportHbto
breadstuHs. neafs, cnttn, etc.. thAt thcy would
no forward ami the d17,ln ut specie would DO mr.
rested. With tnonoy Mt 3 por cant at tho Hank
Of England. 1t IL not llkoIy that capital In the
shape OF specie will hc sont from New York,
whuro 1t IL worth per cent, to London, wl,eru
1t commands ouly half as much. One means OF
relief Now York has, besides Secretary Bbcr-
man's sales at bonus, Ia borrowing foroIg,,
capital by the hypothecatlon Of gt,od securities
for London credits. In this way, tho Now York
stock market is carried ly tho help Of for.
eIgn capital. noston papcrB report no donrth Dl
money, and Now Englanl Will not probably c,ll
GU Now York for any embarrassing amount On
this point tho Graphic calls Intention to tho In.
mGnsc change In tho hsehl relut!uns OF New
York to tho Intcrtor nrlstng frnu tile altered
conditions Of business this ycnr "a oomparot
with previous Aeusons. Owing to tho Inactivity
In ull departments Of industry throughout tl,t
country fur several yours buck. aud tho consc
qucus loarth OF employment Of munUy, 1t pu.