, 1881-02-20

NEW York, Feb l9.-Governments wero
steady for 0s and IS, and ,sG>li lower for 4s and
4Hs. The total imports for the week were
s. e300O of which S., 763 937 consisted df general
merchandise and the remainder OF dry goods.
In the railroad bond market Texas & Pacidc
income land grant Is declined to II from s9:
Lake Erie & Western incomes to ~: from 191z;
Peoria, Decatur l. Evansville tlrsts tEvansvillo
Division income) to 81 from 81: Iron Mountain
seconds preferred income TO Is from 81, and later
recovered to S5si; Ohio Central incomes to 6lls
from B51.; Columbus, Chicago g. lndnna Central
incomes to III from 73A; New York, Pcnnsyl-
yania l. Ohio incomes to G. from 63.s: Kansas j.
Texas seconds to S3;s from S. later recovering to
SAG; Decatur s. Springfield seconds income
to &c from Es4; Iron Mountain tirsts preferred
income to OF from D5; Chesapeake & Ohio cur
rency Gs to ~ from 81; Union taclHc nrsts TO
1l41; from u.s.
State securities were dull except Louisiana
consols which declined from 83 to GO, rallied to
G1, closed ut G04.
Exports Of specie for the wcok were 5000
in silver.
The stock market WAS Irregular and unsettled
In the early portion Of the day, but became
strong ut the close Prices opened 4 to lower,
and subsequently, declined Il to ., the latter st.
At the First Hoard an advance of Il to Was
recorded the latter Louisiana s. Missouri River,
Reading selling up 81, PAciiic Mail 2ls, and New
j.
market became depressed. and u decline
ranging from Il To ) took place. IN which
New jersey Central, Union Pacitic, Reading,
prominent. In the latr dealings speculation be-
came b,toyant, and. under vigorous buying, the
entire list advanced, closing prices showing IN
udy;luco from the luwest point y to 6A. the
latter Nashville & Chattanooga RcadiuE, New
Jersey Central. Northern Pacific. Union Pacific,
md St Joseph being also conspicuous In the m
settlement with the lessee ut the road tthe Louis
vile s, Nushvillc} guaranteeing per cent divi-
derds to the stock not held by tue lessee. Mar
ouette s. Cincinnati stocks have been admitted
TO the Boston Stock Exchange.
The Commercial s.ys: The furry about the
Der cent Funding bill, which some Of our wise
banlSing people attempted to get up this morn
Ing has about passed over. There is not the
sh ouev Wanted to nay the bonds Of issi at
per cent The whole Ss}0o 0,oUo Of one year
Treasury notes could be subscribed on the New
were ready and offered at fuce value. This,
with UO,0G0.0o0 Of cash balunccs Ia the Treas
ury constantly increasing. would settle ai J. tho
bOuds without I: dollar ut refunfnE, and, II we
ure not greatly deceived. this will be the policy
Of tue new Administration. There Will be no
$40 bonds issued under the bill II there Is any
sort Of hesitation manifested to exchange them
for 5 per cents.
At the close of the day the firm of H. ".
Mason s. Co. was announced suspended.
REVIEW OF THE WEEK or THE STOCK EXCHANGE.
The railway and miscellaneous speculation
was actiec and l,uoyant early In the week. and
great excitement characterized dealings, which
were on TN enormous scale. The advance rangcd
to L., New Jersey Central and Reading Leading
tho upward movement After these stocks tho
| most important advance was In Southwestern
/ shares, Northern Pacific, Oregon Navigation,
and Pacific ;iuil. Toward the close there w:t5 Il
marked change in the temper Of speculation.
| and prices declined to ftU,u the highest point,
while, still later. partial recovery eusued. The
carly advance in stocks WIS stimulated In Il
| general way by tho prospcets Of tho Funding
| bill, while there were numerous special causes
vt work: For instance, New Jersey
| of Gould and Dillon to its Directory,
| and the talk about improving nnd
extending the roud. Delaware, Lackawannn j.
| Western WIS run up Oh Il theory that it was to
| Central, and tho other coal stocks advanced in
| sympathy. Rcading was given shnrp twist,
| the tirst on Il report that Gould hutl Obtained
! controlling Interest. and, second, On Il ru-
| being squeezed. Some Of tho Southwest
ern shares were advanced on favorut!c pros
poets of approaching consolidation. Northern
! Pacific vas run up rapidly. on an encouragement
| that the pnrties in the interest Of the Oregon
| Hallway hnd Navigation Cosnpnny wcrc buying
| rise in OREGON shares. Pacific Maif was put
| up. 1t is supposed, on presumption Of
| uil existing short interest, and tnlk
| about large earnings. Chattannoga and itio
| dcnts. The decline Inte In the week was due
! chiefly to misrepresentation regarding Tho
| operation Of tho Funding bill, although reports
| about Vnndcrbt's illness, together with sn.es
reaction. In lln;1l dealings there was marked
recovery from tho lowest prices Of the week,
| and n strong market generally on tho better
+ stundiny ot the Funding hill, Il Washington dis
patch stating thAt Treasury officials isuy there
| will he decided imitation under its operations.
Trap