, 1880-05-11
TILE UNION TRUST COMPANY HANK,
Northeast corncr Madison nnd DenIboru-nts,
Receives savings deposits and n1lowa on samo
nj tho rate Of " por cont subject to tho rules Of the
bnnj. GIN. WILSON, Cashier.


NEW YOKK, 1lny 10.-It my OF THE Tribune
readers ind themselves stuck on decline III
the stock market they will not hnre It to blame,
for tho!r dispatches poIntoA out tho coming de-
ellno nearly two mouths aHo. For weeks Rs4sks
huyo been nililctctl with tlry.rnt duo to the
steady selling OF long stock. Tho bears did not
scom disposed to press for a break, ind tho coA-
so,,ucnuo hns boon n constant wcaknoss, not
culiyened by any sudden hreak. To-day has
witnessed tho BhNrpcst decline of tho Bcnsol.
and this, too, slng.llnrly enough, Is not
t.tc prinuipnlly to the bear tactlcs. but to sars
a Surgs n =, pI9sKs Gt st9sks t ha{ h. nav" SE
Immediately from tho upcnng tho showpr began
to full, mud long Stook hAs i,i!l.el out VI tue
was considerable covering by short srllors to
rcl'zc profits, but they s1ctGeled III arresttny
II Tie owes yyn !.
to any class, but extends 10 tho entltp list.
Desperate efforts wero Made 70 s!stntii tho @
list bit thoy. too bud TO give way ut last, And It
IL feareti Tint they Will 20 subject to i slArp
] stIatien It Is @ uselcss to "iteapt to I proKnost
stocks n,uru or icss snd,ion TIT tho tendency ls
0'' 70 sns Us,tfrn Xnoela,ta prs.s.
New YonK, Suy l0.-6overnmonts quiet and
KaiIroad bonds active but unsettled. and son..
orally sy1mpathlzcd with tho downward courao Of
| tho stock m,rkct.
| State securities luif. ..--.
Thore w,is moro vigorous and determined
Der % ssals on % tiv stcch 1,nrket M io.ny 'hnn , nt
| w,rsl movement sct In. Ncarly all stocks wcro
nttasksA moro Or loss hat tho chief del''onstsa-
xsss Sss'ss s raso Nss @ S 3s1 basiass, bsSis ss
] aS yr ssnfnnmD a S seS S. sxsa 5cssp 1r ;ha
Gentral, Csnada Soatha!,. m, Wester,, Union,
Nafa mo- s Ths ~ ~ Ls !sa aS saa ds~
cisco shares, broke suddenly It tug closo,
s s Sse ssn s9w e e 1 sS rst re,
cent irs,m THO lowest point took piaee In some
Rreut wcakiless, aild the market gonoraily Waa
II, Ii le,npralxcd cuntlIunn. Tho Generalization
~ o and 1S orors
out wcre received by brokcrs.
x prominent feature Of tho .nnrkot was tho
Alllras, D.lxe1 OH u,lfavorHblo intelligence con-
eernlnR, prnsteettyo legislation with reaHrd IL
T In t tic ysncral q lit 81 spccuatives, tho foro.
noon recorded enormous b!tcks sokl for futnrt
delivery, tho Krcnt shrlnkago ~ yai,.Gs causing ~
ussst ii, Tho t!on.orliizing sneoulatlcus varlnis
r.sMors waro circu!ate', at.a, Notwithstanding
ssrve To to Srp"ses Of ' oporsoss o
gl!Ked III brcakinv TUG uasket.
TUG Maskct y!ei,ip<l reudily. md the decline waI
by tho unloading Ut atuc!tA by l1iDau who hut
hn,,ubt uftvr the rycUyrry In 1hl ma rkrt an isrI
! day, The Gb1Gntlyo point appeared 70 be c9a
6tocKs, "N9 Wnltu Acunt ls euMluscu ~ "
! heavily luMueu uI&a Of which tho TWenty.tlitrs
Etrctt rNrty is lAfEGy 36let, These finally bT1kC
md feii Bl> sharply Tint thoy nEDralx,d 10 hay,
no support, md, lit tnut, tho whole I,urke
seemed Without support until nb0tit hntt-IABt
U'clock,. when prices wera turned upward, Nu
| rot until 1t npphrcntly heoAn,G necessary tn IL
10 IN oralcr to i,ruvent tho market trnnl rinnln
| into Il panic. IL WIS two Or three tines Un til
| "a In ffHtts
| t,t,fNhiv hD nI.l
shtr,,s yrrt, ti,rnf,Ii tInwnrt aid fhia r,~vst
IVn II atondiur tunp III the ,nnrknt fnr the lin,
n | Htrv '"''
| Lt..n. 49, ,.n.n.,& tn. .~x T.. st... -
o!So tnc pacso". utSHne AHn sct ~ Aneto uI
0 p'cH y Eo'IaH9nt !tculAk ~ tA1 ulNtMek WIZ
= atnhtly-lhcrcas!hg aeiantit!es: Along W!!h ~
S1OStl9H OAt VI
b l yEatnGnt securities utg InlktnK thplr uppCnl
| Aitpp, very miluy customers Of uO,1,!ufsylu
h,,l1sra in Vnr {u.nn rDo.IirC1 IN rpnnr dnnIofn
;. n.i .'&S'es o'e'i Ae'ae"e" '" 'op's'' oep1oes
1hnIEaHs, ,..,, So. .
HtulitS 8nafe9 woFo uQll ana Xencrnlly heaS
Il Tho tlpW l1lHlryl Uf Directors OF tho tlttHbuI
(.nIt1Duny hns beer M nv TIN Aeinrtnn
..in,,tt N.a.rA At,,tvHts NJ IL