, 1880-04-03
The New York Stock Market Fa-
verish and lower.
Why Manhattan Elevated Has Fluct-
uated So Much.
4 Qulet Day md Lower rrltes on Change, Fel.
loved BY Stronger sarktts IN ths
Afternoon.
Moderate Receipss and Fair Shipments oi
Pfoduce-suppios In Liverpool
and London.



Tho stock market ILL not answered cIpactn-
ttons Ut operators gc,,orully sostorslny. AZ tho
very opening tilorc wure signs nf trt,ublc, and,
although money WIS comparatively easy. there
were r,ilslorA without number which affected
st0cks hitherto lirln.
Tho fluctuations In New York Central OH
declining scale ~eru constant, und ut tho elt,so
ntrkctt itss uf ~ per cent grpm the Upentng.
ltuMurs cusiccr'lInS this stuck wcr1 Gun,uctGtt
with hcury snlea by bUrrnwGrs, MID With tho ottn-
sruttion 0f til, opposition rnltc, md tho taxa
tlon BY Congress uf cArs passinx frutn Canada.
III sympathy with Now York Central, Michigan
Central and Canadu Southern fell UT, the latter
t1stuE tcr eclf, hut recovering per cunt litter.
Like shorp fcti fr.nn Ion to iDs;i; llino,s Cen-
tls, 10sai 10 1t1!1; liock island. l8u 10 ls: C-
cag7', burlington s Quincy, t4Y to ltS; Eric, 4Gi8
to 4j!s. Northern pncfc Without chunYu. Pn-
cir Null e11grnacA much Intention, md tr,,nH-
actions wcre very h,rgc. Metropolitan Hallway
rosc from q. IL III; New York Elevated. iii tn
llG. Manhattan very Mcttyc, clDsiny ut 2sH.
The tone 1T tho close was not nasuruy atll tnlt-
cations point to n disturbed nurkot to-day.
The fluctuations III Munhattun 1lnilwny stock
turing tho pl.t week hnyo 0ccns01lel severn
losses and nstnnt inquiry regarding tho
stAtus Of the W6npany,
1lIlruad bot,ds In Now York on Wednesday,
werc firm aud higher IL. tho early doullngs, hut
VI VIZ Ntt'sH u bhHut btlBuEtts 4Q0FO
WIS renewed actltfty III tho Erlu issues, which
advanced. under large purchases, to a.A for
consolidated sccs'llls. ind to sui for funded "a:
the furtner cloacl Rt ttH, and tho iAtter ht ~.
Kansas Texns trsts wcre stcady nt lG.h
0l&, md seconds at oaGIGS!l. Ohio &
Mississippi Hccontls advanced frU,n 1.u to 1al,
md closed Mt Luz. Metropolitan Elevated tlrsts
sold at 1ttibiG!s. Toledo j. Wabash console
dated convertible rose to l00: st, Paul consoGt-
dated sinking funds to III; Burlington Cedur
ltapl,ls s. Northern tirsts TO o.; und Chesapeake
g. Ohio currency g. tD AK. Delaware, Lucka-
.sa'la & Western accons ss,ld ut l1ltt, and Is of
1W7 at 117a1. sales Of Loufsville & Nashville
consolidated were made ut ll7!40i17.
r Fur the benefit Of Gur reaaers We present tho
following from tho supplemental report OIL
cictatctl ralroutls presented BY tho Com,nittcu
of the Assembly of The State uf New York OIL
the "a of Murrh, the Committee consisting Of
Mcssrs, lnter, Dnyud and Nuyea.
!, The elevated rnn,ads In New York-namc1y:
1 ahg NJ MhsESal'"lltaM Glsyatca kHilwy Company
Are operated by the Aanhattan Ratlroad conl-
'v,ls ar1anizt'd Dee. .. ls5l, With n caplta stock
us t,y et,urtrr OF $lU, ,taU,ON.
fho sietrnfoiftrn Elevated lhliroai Company
bert Elevated Hallway Company" by nn uct of
the hex!slatura or a. lSs::, with u cap'taI stock "a
nppcMra hy tho articles 0i assuolatlon e,Ats Nov,
~ B'. and hltil in tho ole OF tho SECRETARY III
nU, u which *lyJ,UDU uny has 0vor bcen pnId
~. Ihr iAst ',l,.aett EoHpnny beclt.t!e, uiider
isases dnt.i May ~ le.l tho lessce Of the othor
trlrArttto agreement Of tic same lnto assumed
tho management Aad operation Of sMtd Com
sx ,Sy 'Grs ja It, ay af''s tho a'o sp''i-
tho whole sfi.u0,oD. sce"iiJ. Ia 9sl',rastet, and
dsy!lena OF u per c"nt upon tito cap!tal Or
ass,as;ss ;sss 10 mi Till nj II; +; ~ s;s +
san Gsnpany d'stle'ids M 10 q tue hn,'''Gts'r sne
ai.nnu.' IT. po an e,,l ;ina,,nt @ of seek ai,l u
G.m"nlssx ~ -, an,a rental q *loj, II ~
ax91s s,s ~, IL y y Il nsy an x nst l.
9:y yunrs, thu term Of tho leasus. Fifth saiti
1fAnlihttun Company, Ms II fnrthur Reconsideration
sc4uently. issue u Zach ii tho other Companies
!1sMnd FOR q, ,1oO, ,oOo, payable on denand % u
tE,,stee 1 na.ea IN G!ch ind for tho s.lckhoers
they ses ii III payinent IT tlt stock ii tic Mum
hnttas1 cnllpa!ly ut par, which bot.sls wero 10
creased tho cupitul stock OF tho Manhattan
Il nm 'ho nnioua' q saii bonds aSsresatlns
Thus by II etruko Of tho pen In the bur.
de,. nf vitallzing this <l3,uoo, ,oN Of Munhattnn
valuable purchltses Of those ruats and thoir
were s!erisel,-drrivcd without compensation
81 tho EARNINGS tx" tic cty c2 Trosury ls " Gc Tes
u! !olH.'nkntinn-!. ra'Irosld company having OK
ug rod III r',ad, aorrrhaviuK set I,t,st, srlyun
astlke, Or moved u sloretflil nf lirt-leuslux
:w., contigun.ls roads, una, BY tho lcuses. glyi1
::hcse ro,ds tho maximum not inrotnn which the,
II" ;llioWx, nnt III addition giving ElJ,OOUWN 1T
tn!n!s ~ thes' r1Aus convertible fntU stock,-
tEhuo'ooo III the tlearest water Imaginable.
Government hOnls woru strong nt,tl uctlvc:
8, vi, 10'4DlGsi; 6s. 81, Gs1iG1s; 4Hs, losAGb
looI; Is. lod14GlDass; District OF Columbia
loss, G..GK,,i.
Foreign cxchango was steady In New York Mt
ts'ai0to7A. chlcugu, 484hDts1K. Commercial
Hills, 4s.:ssi lbis.A.
As might bo expected till after tho Oh, counter
phsl1less ut tho banks continues MrVc. Tho
clcartngs yesterday were ~, ,;sO, and $8 40OuN
tho luy bofor. All movts on, however,, without
tholcst tnr or friction. tho only Difference eiEx
The lllrxer nu'nhsr OF cheeks u 10 uhnrKetI IN
by tho clerks Thu ntnrkot Ia Gloss, but thero Ii
no speclal srli,gcncy. for borrowers reu.lily get
Au tho inolIoy thoy wMnt. Isutcs of Ills.
count nre ~ llttle tlrmor. thm,gh 6&b3
per ccnt IL utill tho rlnue. with
ttl'rkotl tnndcnuy at most Ut tho banks to tho
nppUr siHuro+ Large, shurt-tlnc, and Gull loans
Will still 10 t1adU ut tow u tho baukA Ak nor
cent,
Orders for currency from country correspond.
ents nrb lixht.
The large salcs OF New York exchange bc.
tween banks weEe nlullo at Thursdays figures.
VIZ: bocents per 81 0O discount. This 1pay, thorp.
foro. bo considered tho sate, hut st,n,e purnups
smaller parcels were sold at e. The .nt,rket Is u
Ahutlo tirtitrr.
At tho reRHlRr meeting Of the Hoard OF pl-