, 1881-10-19
UY TELEGRAPH.
NEit Vf,I,r

sptttdf Dttpateh to 7ht Chicago 7fibtlne
NEW f0ltx, Got. lS.-speculation on tho Stock
Exchange was decidedly beirlah today, n,,,l
PRICES shuw decline Of AQs.ai. The recent
Hharp ntlvAncoa In tho prices Ut tho list, xttnu-
lateh by tho disbursements or tho Trcas.
ury, wcro too rnpid tn lust. Tho top
figures evidently brought Unt Eootl
tnnny BtockA TO secure profits, AZ
tnany Of tho street spccnlaturn rat1Kch IN tho
short Rttlo were forced tn covur when BlppUrt
wAs wtth1rnwu. The nbse!1cB Of orders tu buy
crentcl dull and listlcss market, which tho
hears wcre mt Hnw to tako advantage OF. So
tho later transactions of tho day wero ut II
ahArp renctiDn.
Tho money market continues eaBy, ns might
have lIecn expected from tho hcnvy Treasury
disbursements. The rate to bnrrowcra TN pledge
Of stoek collateral ranEcd frnm y 10 per cent
all tlny, ctosLt!g Mt :0l. fioders nf Government
bonds woro supplied Mt H{st Titne lotus nfe
hard to nct. and III sotne instances II CON-
mission hlls been paid to obtain tblcn,. Primo
lncrcniitllo discounts nro ,utul ut 8G57 per cunt
Tho stGF!ng exchMnEc market WIS strung md
tho posted rates were n,nrke'l up ic. IL, 4Bl for
si1ty-tny bills and Isl fur demand. Acl,lni b,si-
ness WIS TRANSMITTED on thu t).sis Of 4;15lGb4su.t
Tor siSty-dny bills. 48iIlsth for G!cmn1I, 4siGp
4ss forcnols tratlsfors, @sHG14s0;i for commercial
bills. Tho advance IN atcrlng is duo tu part 10
MI fncrcnsud demand for retnittnnccs from tho
merchandise Importers. tho supply or CON-
nGrcinl bills being aall aud In part 1t IL SLIP
lIoscl for tho purpuse Df liking rnte for nlnlur-
fi,g settlements Of bills borrowed In order to
obtain ttme money.
There WIS lcss uctlvlty in railroad mortgages.
md prices were Irregular, but Rrnerully with IL
downward tendency. tI,stoi,, Hartford s. Erie
trsts rt,so frum 70ss TO ill, md sold down to a.
Tcxas Pacltlc Incomes ard ,and grants fell oil
from ~ to T'!s. Rochester & plttsburg slrsts
advanced from 1E: to 1t.t. Waiaxh
Ptcf''o sccu,ds from l101f to l1e, st. Paul trsts
LII Crosse & davenport ntviaitn) from oi.: to
nj, tlo ilrats Southern Minnesota Dlvlspu) frafn
l04ts 10 iGi, Metropolitan Elevated seconds frum
M.a to I'D; Indianapolis Dccut,V t. Springfield
t,rsts from lt9.i to 1u1; Iron Mouutuln
seconds from 1llH to IT.: Houston s.
Texas lrsts tnniu IInc) fro,m 103i to ITO,
Columbus, Chicago t. intlla,lh Central first
supumcl'tArlcs declined rrnm tl11i 10 ltb; Erie
consolidated ftfsts from i..!s to III; t.o cun-
snltdated SECONDS from IGt II, ltr.lf; Kansas s.
Tcxas general Gs from 81 to Si; Ohio s. Mlssis-
s!ppl sinking fund coilsas from 1lNil; IL llS;
Texhs 1AG'ltn arsts tltlo Grnude Dysipul frntn
M!z to ss1i; Wat,nsh Pacific Arsts tChcngo d.
vislDly from VI to o.; and East 1cnuessce In.
comes from o. to !tH.
7b the 'Ttsttt7a 4tlsoetated Prtss.
NEW fonK, Oct. 18.-tiovcrnmcnts wero gen.
1llf1y eirm. aud Ii higher for extended BY;
wa'stcreJ 4hs declined .5 pcrcont: othor Issues
unchanged.
Rn',soAt bonds were irregular. Business was
moderate: closed hcavy.
Stnto securities Wetu moderately nctvc, md
in the main ttrIn.
Ths stock market was unsettled in early deal
ings and Rcnrrally weak. at IL prices showed Il
decline tf Il to lH per cont, Now York Central.
M!ohlRnE csntrul. and Drnver being the most
sleprtssct. This w's fo!lDwcd BY Il rise OF Il to
1ai, Metropolitan and Manhattan fnifrptta ,nt,st