, 1880-12-15
BUSINESS.
Money as High as 81 Per Cent,
but Stocks Refuse to
Yield.
Wall Street Comparatively Quiet
Money Closes Easier.
Foreign Exchange Hoavy-0ureuoy Ship
ments to the Country More
Active.
The Produce Markets Less Acllye-0utsida
Operators Holding OF for The
Holidays.
WtrkmM In rre,i,ioa,, What, md 0ats-eorn
Eas!sr-curley Unsettled, but Higher.
Wall Street Comparatively Quiet
Money Closes Easier.
W.rkrtM In rretisloas, Nhat, md 0ats-eorn
Eas!er-Curley Unsettled, but Higher.


nrrlvnis nf foreign gold md tho cessation ut |
shipments Of gold from New York to Ch!cngo |
md otlfer Western points. Tho rate wns sOOu 4
rushed up TO Il per cont premium. the etl1iivn-
lent of 81 rer cent pcr atlnulmt tho effect wns |
visible in tho price Of forc'gn cxchnnRo Morc |
plainly thnn In tho stock quotations, which re- |
fuecL to Yield. Stringent n,nncy, however,
actcd rs n deterrent to buying, md TIC market |
wns tlull. Sill, there were seR,e uutablc |
ADVANCES Altnn opened III h!gaor, ut l40}s, |
n,d went up on few transactions
10 1l3af, Moru marked wns tho movement
in c., C., G. l. L., which begun ut sJ:s declined to
s3ss, mud oloscd Mt s7l1. a per cent dividend
In February IA snl! 10 ro assured on this Rtock;
~ rcr cont Inns boon hil In Clevctn1d for II.
Wnl,ash wns weak, declining fron 43d to tsk for
the common, and from 81 to s0.i for tho pro-
fcrrc,1. Cont stocks wcrc Iirtn. Delaware +
Hudson eoi,. Mt 70. hut closca without any nd
vuncrnr soE. LAcknwnnra made y, 10 l0tsi
md Jersey Central ~. to 1vsi. Un'on raeibo
illctuntc hrtwccn 1077. mud w. closing nt 107.t,
n decline Of y. Omaha preferred tnats A+ to
sgA. Northern Pacific preferred lost Il, to
G2s;; Canatla Southern Il, 10 s3:l; Chattanooga
~. to wi. .......
In Telegraph stocks. Western Union opened nt
slai, sold at xsi, nn,l closed Mt E.A m Advanco
Of r. American Union opened with gnin OF
III. at 13s rUso to =, md closed Mt TJs. There
WIS some COOL buying Of buth stoaks. but no
sign was vouchsatcti to tho hungry crowd-
VI outsiders by which to tell whether tho time
hnu come to jump III and buy.
Money bccau,o eRsier mt tho close, when itwns
1.;npcr cent premium, but tho easicr rutca did
not stimulate tho market. Thosowho own stocks
now seem lHtersnlnetl 10 keep them regardless
Of lhe manipulation Of tho money market, whn
tho public .re whiting til tho b,lgbenr of strn-
gent Inurcy Ii out Of tho way l,efore purchasing
Ono Of the rutnors III circutntlnn about Iron
Mountain WIS Tint Gould hnd bought A5,nW
shnrcs OF tho stock.
Tho wcnkro.s OF American District Telegraph
Company stock ls probably duo TO tho arpthr-
anco OF rlval-tlo Mutual District TclcvrRrh
C0u,pRny. Thfsfasbccn Incorporated for sinslnr
purposes. The new company Will h0vc MI advnt1-
tngr, Its President sayA. over tho American Coili'
pany, rs the latter hns to pny d!ytdondo Oh
capital Of $..,000,00o. and in order to do 80
chargcd rontal for It's Instruments. whllo tho
now company would havo to Pny dividrh'Is on 4
capltnt Of o.ly &ehU.ooo and could afford 10 put
In it's inBtruEnNnta FREQ Of rent
Government bonds were quiet. In Chicago.
District OF Columbia 3.G5s waro 100l bid uul
10li nskol: tho 10 wcro lex bid nnu ll1!6 nskpu;
tho AAs were Ilits bid and 1llK Mske1: tho 5s,
1Dl and l0lH: An,1 tho IS, lOi and 10tss. Tho 0s at
10l pMy cxnctiy pcr cont not.
Foreign exchange WINS very dull and weaker,
owing to tho higher rntes Ut money. Sterling
posted rates wcrp AID anil 4e.. Bankers
uctuai rntcs wcre 4111s0iI7al for sixty-t'lly
hills aid 4S0.{ for demand. For sixty-lay conf
mcrcnl bills fur prompt delivery, 47ND4 7G,s.
For delivery Inst hall Ut th!s month. 47dE l71.
Posted rntes for PAris wcre ts.a for sixty dnys
anl 5.,,:f s0e slight. slxty-duy commercial bills,
prompt delivery OH ifavru, GGs 11ll!1, md MUIR
sclltus llHd5b>iA. Stxty-t1ay commercial bills
OIL Antwerp, deliverable prompt, wcro Esli0
53tT; three weeks the same. lh1nkera' bills on
Germany wGre lEIk for sixty uys and VIZ for
demand; sixty-t1ay commercial bl!la, prompt,
aaA4HJia; and for thrco wcckA' delivery, tho
Same. l3nnkors' RuLldors OH Holland were ;E'A
for sixty lnya and 40 for demand; s!xty-tlnys
commercial wero :N.;9.a BID Austrian liorins
AN; Norway, Sweden, and Denmark, t:9ts. Sup
ply Of bills good IN Ch!cago mainly aKninst ship.
mchta uf provisions.
Thu London Tfmfs Of Dec. stntca that moro
gold Is likely to bo shipped to New York; but IL
uncertain to whit extont. On the ono side cur
rercy Ia expected shortly TO How baul from the
West to tho ccntrcs; while, on tho other, We
hnyo In uddition 10 tho large purchases at
United States securities OF lnto two or three
largo now issuos Of bonds SUCH ns tho Northern
rncit9o halfway scheme which hns been revived,
| thrtatenuK tho Ii,Hca gIys, "to keep us under
! indebtedness beyond whit wo may lo 1ble to
discharge III tho ordinary commercial 1o alngs."
November trItLu returns for tho Port ne Now
York, just complied show a decrease OF $ll,-
G7,430 In tho vnlue Of inportnttons as compKrc.l
with NOvuMbeF last your, md Il gain ut 81 ,1G;,N5
| In nggregate exports. OF merchandise oxcau.
siyely tho exports exceeded tho imports by
| $E57..9s, though with specie una alner-
ehanafse combined tho itup0rtatt0ns Wero
ss,G0i,419 nhead Tho tptnl Of merchandise
entered Mt tho part Is sulaller than forauy slngo
month sineo September, le,D, n tho exports ut
merchandise also full bcow those for either Of
tho previu,'s eight months Ut tho ci,rrent yrAr.
During tho eleven mouths Just cndcd, tho totnl
funOrtHttONa rcACh Fl1A 110 60 Nf which SILL