, 1880-12-07
NEW YOkA.
Be1Ief that the Money-squeez- ~,
ers Have Made a Fall
ure Of 1t.
Nan Rank NeceiYos Remittances
W. Of $40, 900, Currency
and Co1laterals.
Foreign Specie Imports Almost
balancing Shipments to
the Country.
R,n,arkable Changes Of All Kinds
Possible During the Pres-
ent Week.
na resseps at Last Secures the
Confidence Of American
Financiers.
eranuer Roads Afraid to Declare 0iyi-
dends Till After the Legislative
Sessions.
Three Hundred and Fifty Very
Sad Creditors Of the Minne-
apolis Man.
,,eu & Co., Tobacco (sales $4,000.
0O0), MIKE m Assignment
Too Mnch q <<rnsh.''
H.plssons Trouble = Nervous Neptune
-Frightful Fight with oat-
Philp-0thor Matters.
eranuer Roads Afraid to Declare 0ivi-
dends Till After The Legislative
Sessions.
rhrcc Hundred and Fifty Very
Sad Creditors Of the Minne-
apolis Man.
illen & Co., Tobacco (sales s,000,.
0o0), MIKE m Assignment
Too Much !" rnsh.''
E,pleson's Trouble - Nervous Neptune
-Fightfal Fight with d oat-
Philp.-0thor Matters.
STOCKS.
tf7

STOCKS.
.D1.oOp1SG.
sHeaI Dhpateh 10 Tht Chicago 1rIotsns.
New YoEK, Dec. 0.--T1o wcn1 opened at
the Stock Exchange OH lower market for
.,nels. hit there was an immediate rally and
sstrone market for tho Hrss half-llour. when,
although money was easy Mt per cent. prt-
r.. hrcan to tlroop, and have SINCE continued
hrayy. tho DECLINE ranging from II to 3, tho
Latter Eeadtng, which was closely followed
by Chattanooga. Mobile & Ohio, Western
jnIon, Iron Mountain, Lake Shore, Nortl.-
western, Delaware, Lackawallna & Western,
Eie Reading, Chicago, Burlington
{ Quincy, and Ontario. The changes
In the remainder Of tho list
were not important. Tho weakness In Read
lpg was ascrIbed to Philadelphia advices, ,all-
nauaclpg TINT tho deforred-bond scheme
would probably be Abandoned III favor Of tho
proposed Issue of
t11s,0Oo,000 OF 1RnEDEEsLADLE oDLloA-
TIoSs.
The most nctiye stock has been Western
Union Telegraph Company. 1t is 10 lnngcr
denied that the insiders hive been free sci
lus Of late, and they aro authority for tho
statement tl,at the earnings during tho last
quarter hayo been disappointing. 1t
Is possible, however, that the regular
quarterly dividend will be- declared,
although tho receipts arc said not
tawarrant It, or It may be that tho dividend
will be reduced or omitted, and tho money
tept to use In tho reported Forthcoming con-
tst With the AMERICAN Union. II these two
Companies were in harmony, both might be
profitable properties. At wnr, both can bo
Injured, although tho ono capitalized for tho
smaller sun cn,t OF course bo injured less
than the other.
TUE MARKET Ur TO NOON
VAS weak end lower, aa.I tho low
ct prices OF tho morning were cur
rent Mt this huur. 1scadtng WIS the
xrakest specially, md sold down ~.
Theirs Was a further Acellae in New Yurk
Central, Lake Shore, Michigan Central. Iron
Mountain. Northwestern. st. Paul, Lacka-
wa.aa, delaware t. Hudson, New Jersey
Cenral. Chicago s. Olnuha, Chicago, Bur
lngton & Quincy. and Nashville IL Chat
.anooga. Western Union was also heavy.
IN tha second Gull tho market was heavy,
md. With money up to 10! Of per cent pre-
MUM bid, tic list ut . o'clock wns at about
tha lowest points Of tho tlay.
TUE MARKET THEN RALLIED FRACTION
st. Paul taking MI upward shoot from the
lowest quotations. Eric Improved u, aid
Tho trargcrs, caal stocks, and trullk-ltne
sla!es improved fractionaly all around,
With Indications Of all improved closing,
Honey MIS- last quoted loantng down to {
per cent, anu funds will apparently be nlen
i[al within n day or two. Fragments Of
the Secretary Of the Treasnry's report were
fece!ved IN tic street before tho close Of the
Gay, and his recommendations were general
ylndorsed. Tho lncat money market thus
!af to-day has been much easier than last
week, Al!l hear OF no loans above U per
rent
ABOUT ONE MlLIaoS DOLLARS or FoisE1a.
sl'ECIE
mas arfIycsl since Saturday, and more Is OK
Ncted. At Tie snl,Io tin,e tho demands f0l
money from tho South and West are yer.
ifse, and mucl, moro than tho amount O.
foreign recell,ts will lcayu tho city tO-dny
lhe!o Is mot reason for expecting n lowe
han sharp per cent money market tor tn
aeat four weeks, 50 far ns natural causcs nr'
soleslhetl, and tho market IL likely to re
aaln III position where 1t cn,a bc made yer,
Mnasent Of very easy for short III
@.fals Primo mercantile paper Is G@
Et cent. Tlnc loans cost O pc
;ent nnd n commission for thirty days, bn
'o"er rates prevail for tqans of long date.
a. IN THE FottE1HN ENc1IANGEs
.s ms 'aarkct il weaker tl,an OFT Saturday
!.a tne slSty.days rnte N, London (bankora'} |
sya 10 the pound, aud cables 4al1f@aSa ol
%tua| casIl transactions. There was ltbera
,sle9lhg Of merchants slxty.day bills q
w"et rates. 1t Ii not surprising, at thes
!a1es OF exchange hero, that further with
4ta"als Of gold from tho Bank Ut Englaii
of tFausallssion to New York should b
made to-day.
,, THE coAL STOCKS
ss' suohea Some weakening this afternoon, on
tIu'oE' said to. be greatly exaggerated. OF
w. sleehie'lt among the great carriers as
..s W. ofaer OF production this wlnter. I'll
.Ss :Nk market In tliu Inst hour advanced 4@;
ss.er ssatas1er Kansas d Iexas. Reading l. Link
naais' pn@ote' Western Union Telegraph, Uufo
: A@Iac' New York Cantrai, al,d milwaukee
st 81. raul. Jersey Central, Erie, Norti
,sss9l ,ss9f'l' Delaware, Lackawanna i Wester1
is aoash preferred also showed llnrke
,.ease. n,s.. Tic failure OF certain stock spe
,"a ,a"!s to carry their schemes for decla
~. 10 per cent instead Of
sas' mt cent dividend on the Northwestes
maa4 remmoh stock Is u Victory for the n,anag
en ~ oi tllat railway. 1t was no secret, b.
pra4!. ~ contrary fact well understood, th
saeilt wa keop and Vice-lres!dent Hugh!
nr,s. o exertlnK their influence against Il
;h.Ssea d.. measure, 1t Inns been runlort
Ros.Ar. Ar. Scott aud Nj. Osborne, of Il
sdsasaot OF n'rectors, were the stanche
d.a d!es ~. Of tbs new dividend. and this gu