The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1881-06-18
Ny Telegraph.
NEU YORK.


NEW YORK. june T. NOOn.-StOcks feyerlsh and
unsettled. Money, 3G3H per cent. Exchange
Long. 4S4 short. S5A. State bonds dull. Govern
EpSntag.-Money, 3a6 per cent. Exchange,
4S31. Governments quiet and steady; new IS,
1885; new AIS, lis; new AS. ll7a states Ia
light request.
WALL STREET YESTERDAY.
NEW YORK. June 1.-THE Posts financial article
GAO p. VI. edi,ion) SAYS At the stock Exchange
3H,s state bonds ale dull and lower. Railroad
bonds are irregular. Rome, WATERFOWL and OF.
densburg frsls beiGg down % to 103A, and
share speculation Is extremely feyeri'h, and
prices are all lower. the main reasons for
this condition, aside from speculative manifesto
ton which is called into play by those seeking
to depress prices. well as those working
for rise. are the unsa'iSfactory condition, OF
trunk line affairs the uufavoraDe weather and It's
influence the crops, and the possibility that the
loan market may be temporarily disturbed All mat
Is definitely known abOu the FIRST Is that there have
been several reductions In grain freight rates and
that TIE same are much lower than year ago, ana
| that there have been several conferences between
| the managers Of the respective lines: the rest Is
conjecture, and there 10 no enj or the possibilities
which NAV be enumerated. The weather Is beyond
doubt unfavOrabc thus tar. and there appears 10 be
question that the western wheat crop viii be much
less than year ago; beyond this little Is known As
to the money market, whatever may temporarily
appear rs a disturbance to loans, II Is clear as any,
| thing can be In the future that money after
July l. to be yeiy easy for reasons which
we have several times set forth. IL perhaps should
This j. In outline the speculative situation AT pre-
sent, and every reader can form his own opinion
The lowest prices for stocks were made In the first
hour, when they showed decline Of a(d3s per cent
since then the fluctuations have been frequent, and
the mork,t has suddenly alter mated between strength
and weakness. The result being as we write that
prices are AG23 above the lowest OF the morning
In the money market 3@31 per cent. i. the ruling
quotation for call loans on stocks, and 2bGd3 pei
cent. on United States bonds. Time loans are 2sp4
per cent. and prime mercantile paper 3G4T pei
cent The dec inc in stocks naturally causes cl0st
scrutiny OF cOaierals on the part OF money-lebder;
and some shifting of loans.
| The following quotations were current To-Day ~
2:3O L. NJ. Western Union, 1917; Western unior
new stock. glH: New York Central, l46s; Lake
Lake Erie and Western, 46a; New York Lake, Erie
and Western preferred. 81; New York, Lake Err.
and Western secOnds, 1885; Delaware, Lackawlnna
aud Western. 1881; New Jersey Central, lOls
Delaware aud HUDSON, 1L94; Recalling, 9Is
Northwestern, 1851; -. Paul l23; WABASH
and Pacific, 5Js; Wabash and Pacific preferr req
934: Union Pacific, 1884; NJ, x. and T.; 9ia
Hannibal and s.. 10, s4k; 81. Louis and lrou
| Mountain SO: Ohio and Mississippi, 42a Pacific
| Mail 53S: G C. and !. O., 261,; Northern Pacinc
common, "A; Northern Pacific preferred, e3h;
san Francisco common, 52S; san FtaDc,sc9, pre-
| I43: Chesapeake and Ohio, 3Os; Louisville ano
Nashville, l074; Nashville and Chattanooga, 81
Ontario and Western, 367s; Manhattan EieNaIed
2sD; Illinois Central, l40A: Canada Southern, 20
Chicago, Burlington and Quincy, 1881; Dtn-
YER and Rio Grande. 1lOl; 81. Paul AMI Omaha
43I: 81. Paul and Omaha preferred, LOG c.. c.,
G. ana L. 9s1; Erie and Western, 59b: Col. Coal,
63%; Ohio Central, "a; Texas Pacific 7Os Texas
Pacific l.. g., 80. ,,o,u
| BALTIMORE June I7.-Virginia 6's, consols. S3a
second series, 42S; new lO.4O's,oo. Bld To-Day