, 1880-12-10
TEL.EGRAMS.
EASTERN.

KEw YORK, Dec 1.-The stock market yerges on
panic but at the critical moment IL held Withlh
hounds even by those working for lower prices
Daring the frst hour rates declined to for leading
stocks but reaction began. and Is still progressing
GOOD psrt of decline being recovered. Money COM
msnded lac premium. ana yer! nara 70 ta,. sy,:
srd they cannot help the tightness. The demand
for money from the south and west is very large ana
10 fet more than usual just now, Banks depend FOR
rcplenishment chiefly on imports OF specie, which
have so far been insdequste. The treasury to-day
begins payment of 500 interest on AZ per cents
Money Legis,ation Wantod.
gsw YonK. Dec. l.-At the Bullion Club last even.
ing, resolutions were adopted fayoring the with
drawAl Of the small notes. and the coinage OF small
er gold pieces congress to be asked to legslate so
% 10 induce the banks to keep their legal reserves
In coin instead of greenback the reserves OF gold
and silver in the treasury TO be increased until there
Ia dollar in gold and silver for every groenback
dollar issued by the government, the treasury TO
Issue gold and silver certificates upon deposit OF
bullion the ratio being that now existing between
the standard American dollar and gold; new mint
10 be erected in the city Of New York for the accom-
mediation Of importers Of foreign bullion, who are
now without proper facilities to convert the same
new York stocks.
KRw YonK, Dec i.--stocks sold down i to 81.
Northwest speculation feverish.
Btg Business Mt Chicago In Money and
Hog.
CHICAGO Dec. lone million one hundred and
yember the largest receipts ever known for single
month. Their value was s12,250,0O0
The clearings of the Chicago clearing house for
November we're s1s20O0,O 600, the largest recorded.
Orans 60 spend she wiAter in Chicago.
CHICAGO, Dec. 1.--Grsnt is expected In Washing
ton Of the opening OF congress. He will remain
there only few days. Most Of the winter he will
spend in house which he has rented In this city.
His son Fred Grant will it 10 rumored. soon leave
me army and engage In railroad business.
Take Raus and Welcome.
BnooKLYs, Doc I.--Land lesguers last evening
appointed committee 70 confer with New York
Rcmbers in reference 10 the sdvsabiity OF sending
aen. b. r. Butler 10 Ireland to defend Parnel and
gshor indicted members Of the league.
A Singular Bequest.
ctrurxsArr, Dec. John T. Crawford, an eooen
tric old with from $4,000 TO 100000, who has
inst died. left all hts property for building home
fcr aged coored men on tract OF l8x acres st COL
loge HILL One OF the witnesses IL dead and the
ether. John X. French s absent In the army some.
sndiana's Fuii Vote for Garfield ana
Ar,hur
lpDrAsAroIis. Dec. 1.-THE Indiana electors met
here this morning and cast the ful 10 votes of the
ststa for Garfield and Arthur.
As Heretofore Announced,
CHICAGO, Dec. i.--Reports received from many
etates show that electors cast their votes to-day In
accordance with elections heretofore announced.
Mining and Stock kexchange Organized at
4. L0mls.
sr. Loun, Dec. l--Quite number OF prominent
4HEens organized to-day mining and stock ex-
shAnge and transacted aome buainess.
The Baltimore Grain Pressure.
BALrrstoRz. Dec l.--Tha Baltimore Ohio rail-
road company met committee OF grain inen In the
most cOnciliatory spirit and Areed TO operate with
tAem ~ keep the elevators in working condition.