, 1881-01-08

Government bonds Wcrc not SO nctyo. In
Chicago, District of Columbia 3G5s werc 1Q1I;
tt.l and lot!i asked: tho ls were lla!f, cx. iii
tcrcst, BID nud ll2af askod; tho AIS were 1l1I
bid and 1Ia3i asked: TIM IL, l0ls and lOtH; aud
tho 81. i0ls;. OK. interest, md iol.t.
Tho London EcoHo'nse thinks tho United
States ought to succeed with its y per cent re-
fnMl!hg Bchone. It sayB that II tho market re-
mains In ulo sun,e position that 1t Is ut present
1t Is almost ccrtain TINT tho operation inuy bU
successfully carried. through. What ammo
silr9wd heAtls In the city roresaw twelve Or even
fourteen yuars ago will hayo como to pass It
will be soeu TINT the credit Ut tho Uutcl Stntcs
Government stands ut least us h'9h US 'thas OF
my ftHt-clGss Power on tho Continent Ut
Europe. nnd COMES very close to that Of this
country. Nor Is thors nay roaBon why It should
mot 10 30. Tho high rnte OF intnreRt mit by tho
IInIteI Stntes OIL Its rccsnt debt ssas duo to tho
uncxnmpcd rap1dty with which that tubt WIS
Incurred. 4 country which haI to rMlse IN ronnd
figures Ia 0o0, ,Ooo IN three yaara huh necessarily
to pay dear for such nmaxamp'e.l borrowing. Tho
interest I'LL loans depends OIL tho proportion be-
tween deynand and supply, md the dHmaud In
this caso far outra tho supply ru1lity available.
Thoro hnvc been soyerul instances recently or
slnlllnr operations to that which tho United
6tatss pr0poscs. though on d anllier acnlo, The
llGDxtnn Government. not nnny months slneu,
reduced tho rto Of Interest OFT fly, O0D OF It's
debt from, III par cent to 4. without ono slngln
kulAlcr requiring 10 be paid o0. Tho Fruneh
Government, It Ia woll kMnwu. might havN low
0red tho rato Of Interest Oh its 6 por cont stock
lorH since. and prubuh1y hnvo tnulo evuu largur
reductions, had 1t not beou doterrod by political
rouaon8.
In foreign exohangc worry little was doing.
NAtc8 are higher than tho day bufore a natural
reaction fr0tn tho decline Ut Wednesday,.
Sterling pnstc1 rates olttaaa {S0h arll 4xl. Nnnk
crs' actual rates closcl ut 4a0 for slxty.day
bills and 4s:AI .a.:t for tlomand. For s!3ty-day
commercial bi,ts for prompt delivery, 41T4O
47s}s. F0r thrce wcuks delivery, 47Sls47yy;.
hlxty-dRy uonnnsctal bills, prompt delivery un
Havre, 6jiEGb&Dh. 81xty-tay c0mn,ueulnl bills
on Antwerp. deliverable prompt, were SE:nGb
Rios. l,ankcrs' bills nn 0ernnuy were H3.i s,r
sixty aays anl 0tn for demand; slxty-t,Ay cnl,-
riercIal bills, prompt, Wl!l003st; a,ad 1nr thrcc
wcuks' dolivcry, G4Qn1,s. Rankers' 9illdcrs
| on Holland wero G9A for sixty tlnya and W for
demand; sfxty.anys' commercial WAS utlt3p a- ".
The supply Ut bills was smull,
chicngn bunk olcnHnys wce0 % 100000. Tho
city ID sill gaining currency from tho country.
Naw York exehnnRe sul.l l,elwccn baukR NJ
6oGt6c per 81, 900 premium. Shipp1rs Now York
exchange waa $50 per $.,o0O prnn1um. LoAna
wese moderately aotlvo. Iiates remain ut 801
per cent,
I.ocnl sales nf securities wego moderate, WI.
bnsh 5s. $23 100 sold at u; C0ok County 4&<s al
| l0JA; burlington Quincy - III W; Jackson
| vIa Southeastern ~ at 1Vl; t,hIcu9o WMtar 7S oi
1Sa. ut 1sjx; and West Division Railway poi
| CULT certificates ut l07.
On tho chicaRo Stock .noaed t1,oro were sncl
Of ,Sl.UCo Chicago water bunds, per cent. due
1S9.s, at Is0.4t xl.n0 do duo 1876, ut lsi,t; sl0l
Chicago city, per ccilt duo 18t0, NJ ll0si; IL,
do,. uuo 1Syo, ut ll7A; sl,0oo do, duv lss:, n
la)A; S.:H0 do. due las, at .lsoA; t:,o00 do, dus
1sa5. ut l$}5s; ss,lo do. duo ISM, Mt III; s!.ut
Az
per cont, ut ll0; x8oO0 Chlcaau, Milwaukee, i
81. PAul Railroad. o per cent. Chicago l. ruciltc
Rt lQ0h: $e,uN chicuxp s. Northwestern. Hall
rund. . Por cent sIukiug funds, at III, tss.01
Chicago, DurllnRton 4 Quinvy Railroad, 8 PEI
oeut, dus l9la, At M5X0lo6Hs 5ln.a0o Wabgah