, 1881-05-12
UY TELEGtlAru.
NRSV VN1K.


Special plspateh to Ihs Chicago Tribune.
New Yurx, Slny 11.-Tho shRFcs speculation
opeuptl weak and gcncraIy Mt q ttetltno from
tho closing quotations OF yesterday. In tho
carly IculIngs tue market wns depressed In tone,
und prices fell oif u 10 II por cont, tic l4ttcr
1T Pacific Mail. At tho Frst lsoard tho temper
Ut speculation underwent n chnuxc. and Under
brisk purchases sharp advancc III quotations
WIS recorded. After ,niltlAy slight pressure
to sell prevailed, md partial rcnct!on onsuctl.
but unforo tito seconl call tho speculation
nrnn took M upward turn, and prices
continued to rlso up to tho close or
business, when tho highest figures OF tho day
vert tourhc,l III most instances. Tho alvanco
III prices from tho lowest point Ut tho morning
ranged from u tn por cent Altnn y Tcrro
lIa,,to common I5adInK tho upward movement.
Cleveland. Columbus, Cincinnati S. Indianapolis
sold up A!a, Oregon Navigation !. Hannibal y
st. joseph preferred W. do common =, MUtnphls
& Charleston ., AItun & Tcrto tfAutu pr1forrch
.sl, Illinois Central III, Milwaukee, I.ako 9horO
& Western preferred vi. Rnd Delaware i ltEsou
cpur cent. The Elevated ltalway stocks roao NO
II per cent curly IN tho day, but declined AWi
nor cent III tho lato transactions. Some ahurcs
recorded n fractional DECLINE in tho hnnl aAlos,
hut tho general ttst closed firm. NotwIthstan1-
Ing the apparent strouRth uf tho market tho be-
lief ts gradually becoming moro ganernl TINT tho
existing conditions Aro not entirely fayornb'o to
d prolonged bull movement, and tnAuy conserv-
aklyo operators nro Of tho opnlon that tho pros
ont high rnngc OF tgnrcs cannut bo maintained.
.,.'....a:.. 49, a.,,,-, so, ~, sun,,r ~ cnn.
,.,a.. t"s,aIs j., "vcoss ~ .,e ~.
4!s, ouo's s1s 49,. r.,, l,,o,,s ~, ,,as,,.n,
Of stock collateral ranged between md por
cont aud p&Osou nt the lower nHurC. Tho Gov
erutncnt bond deniors found reatfy accomnoaa-
ton nj 413 per cont Tl1ItO loRns wero quoted
poR es.. ~ ~. sc,,u, !" u .,aro. =. so
a1lu tao Gol'".oa =" 1.1 ~ 80. ,nss,1 ~. 49,.
1m"sc'H m% papv HEn,onnc ,nnrho vss nm,ot mi
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soos5 lor VA" ,'..n,r",ai httis trssI,.,.
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a41o tno,o ,"'A "as A' '"'"'' "'o'' SO
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aeconas run ~ ,n..'',,o, o' ~ ..,,,., nos ".u
a'n euo"m % peauuu ,,,.,,a,o., ~ q wns,,rn % aooo,n
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atu" , " ~. 49,, :. M Tr' IN.
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Sasns!o eches! VI from ~ ~ ~, ,a1. y ~
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~ !" a'n' ~. Mu'""oss''" Z. .,,s.sss,,,,, 49,,
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p .'avNeut a..'' s.'., ", ,,a,t =. ts.,.,s.
u"'u 49,. ,'..1. w @ Sv,,..a.a., G.s.I,s
soA ~ .a' No' wv. ", y, 20 =. r,.,,
u'5a GhA.o" ,.',' ,.sas . s 80 ~, ~. 1s ,s,,, y.
sss.s sia Lsoss" u.so r... ..u ,.. I'm n. ~
~ tsontnosh a'."eo.u .stst '."''s % tor ,,a, = y
108h, Union Facl1!0 slktnE 1li,lA 'ts'tn w u
I:sL and Waash KpncrNl 8s from lti.4 to l15!s
Cleveland s. plttsbvsY sinking funds ,.aca!ne1