, 1881-12-18
II the TESTER, -isa0t1dted Press.

Ib the Wkster,l -1ssoctdted Press.
NEW Yola, Dec, l7.-Money, 3lJ6, closing ut
3. Prime mercantile paper. GG7-
Sterling exchange, bankers bills, steady at
4S0ta; demand 4s3.4.
Governments weak and lower, except ex-
tended cs, which were unchanged.
In the railroad bond market Denver s. Rio
Grande first consols declined to l05 from l0113,
do trsts to IL from 1l31z: Rome, WAtertown s.
Oedensburg frsts TO &. from 9i17: Jersey Cen
tr7.l incomes 10 100 from l02E; Texas & Pacifc
land grant incomes to 731sG'4 from Is: North
west Sinking Fund Is to 1857: from l09H.
In state securities Tennessees active and
The Steamship Mans brought s1.5,00o in gold.
At the Stock Exchange The MARKET tor tas ths
close yesterday. In carry dealings, unGer
heavy pressure to sell, prices declined asaE.ss:'
Wabash preferred and common. Ntc1nphis s.
Charleston: Jersey Central, LyuisvIlle y Nash Nash.
vlle Northern raclic ha.,ni6al & St. Joseph 3n
common, mud ST. Paul were also prominent i:
the .icciine- Denver i isio Grandc fell OF 81
to 66, bur 1t im,ncdiaiel, began to rise and. by
noon. bad recovered ':a. In the cary part 9t
GL1a, Louisville s. Nasnyie- Texas Pac.hc, St,
Faul. and Wabash Pacific leading. Denver &
seouentlv recovered -. lu late dealings, tuo
market declined fracttonaty. unl closed 1cSerish
and weak: The feature Of the market , was
says i'll regard to it: = The runurs on the street
II, connection with the decline htye been innE-
u,cruble, the principal ones having teer that
the company itself was lit trouble; thNt the
Mexican National Constructor Company was in
trouble: aI,d tha: one or Two Stock ESchanse
firms WHICH have been identified with both these
cn1I,p;lnies were in trouble, because ioaus which
thcy had Obtuincd on Denver Rio Gza1de
stock had been called. Nespectlng. the nrst
r1lt1,or ii is denied that the company Is iu any
trouble; for that matter. the Denver l. kio
Granee Railroad has no official M connecnon with with
many. US will be explained later. As
10 the second rumor. thore u IDS
foundation: that the company nus built ana Is
building rAilrOnd in Mckee,, cai!u= up from
subscribers To its stock cnsh irstliuents, Us tets
70 tho third rumor. IL is ceuledou authority or
the firms which are the subject OF tho ruInots-
They saw that such Denver & Rio Grande stock
as they hold is not lUaus. but IS PAID TOR with
their own money: and that the runIors respect
1ur them are simply scandalons- 20 macn 1or
NarionaI Construction Company vas orsamizsd t:
to take over from the 1irtn uf fAlmef olll-
van raiiruud contractors, grant Fo1ch 1ney
Ind nh,aj1,cd from tho Mcaics1n Government
and 70 work under that grant. The company has
no 10 counecuon with the Denver M ITO hso
= fa,r miles of the southern boundary Of Colt-
y 1a AZ ~. n,nny hundred miles away frum the
no,tner1, end OF its rod which IS beint otll!t Dt
1na Mericau Nnt1ona tho terminus 81 the tatter
rao,i bciuc ut LorcdU, On the boundary OF thh
11so are distinct but the public MIND us Is e.asis
tH,,fn:e3 on the subject by the fact ttat Gen.
=, palmer who is President OF the Dcnver
III 1;ra1,ce. vas Of the dr1u Of paltnes Suill-
49,, t.1 and ~ interested as All individual IN tne
EnTicsn National II Is veil known toa1 tne