, 1881-07-14
By TELl;EIlApUs
NEW YO[lk,

Spttfai Dipateh to The Chicago 1rtbuna
NEW YOtK. July l3.-Tho 6hdre speculation
was weak throughout almost tho cntiro tluy, ind
prices ngnsn rccdrt!ud II Eeriu.is decline. Tho
cutting Of both freight aud passenger rttcs con.
tihucs without any skins 0f abatement, and
there docs hot appear 10 be nny prospect thnt
tho existing differences will lIc hcnl0d until
AerIous iEr0Nl has buGn nude IN the earnings
for tho 1ust haIr Of the yenr. Tho u,lviccs
FROM both tho wheat md corr districts
nro aattll Of the most dlscournH!ng char.
aotcr. At tho opening OF tho buslhcss
to-day weak tU,u prcyallcd, au1 ahnrp
dccllHO took place. which wns most marked lii
Manhattan aud Metropolitan Elevated, Canndn
sutithert,. louisville s. Nashville, and Ilke Eric
& Western. but Mt tho FIRST tlourl tho spucIlA.
tlon bocHmo flrncr, and II rarta1 recayary uu.
stteu. Dnrlng tho afternoon the tlcnllngs ho-
caNae very hcnvH, md tho pressuro to sell Mis-
quite pronounced, which resulted In a stoHdy d.
probation IN rAlups until utter tho Scrund
Hoard. when prices shnwc'l II 1oollHe raugtng
frynl 4 to | per cont. The sblrea most pro,n!.
hcs,t III tho downward monument wuru Louis
Vile, New Albnny s. CbtcnEo htnntattnn Elp.
rnted. Michigan CcntrR Ut. Paul, Lake Hhoru,
CNnnda Southern, 1lnnn!lut & st., Joseph
comtilon. Ohio ccttr't, and Now Jersey Cuntral.
In tho illul suscs there vast recovery Of i; to
W per cont, hut tho market closed unsetttcti.
Tho monetary sltuHtIon WIS characterized by
brought down to lower lgurps thuu hive bncn
current Tor sonlu tlMo. %Loans OH rnIl or pledge
Of acceptable stock eoltptGrlt wesu etlcettd as
low As III per crnt. The Qoycrnurnt-bond
dealers supplied THUR requirements 1T abouta
I'or eoat, There IL no chanRc to bo reported III
tho quotations for either limo loans or
prime d!sc0t,ut1. III thusterl!ng exchange mar.
ket tho l0n1llll Ask!ng quotations were ltil-
ehnstgcl, but tho doaltngs wcro hrmur In tong,
and ",utual transactions wcro nearer to tho
ppstel figures,
: lallro,lu mortgages wero IN Light demand, ond
tho general tendency was in tho direction, OF
lowor rrees. Canada Southern guaranteed
lirsta fcll otr froM l00 10 0;, roxe to l0O}t and
seaoted to l00A. Dol.vur & Ito uralldo
construction a, o. reecdcd fron %1leH to
llU, and rallied 10 LUZ, Eric cnnso!-
datcd scconds declined from 1U1H to 10Oyl,
rllled to l0l1s, nild uloaea IT l0l!t: do fn.,od
is aoll down from D9 To OB.t. KMusas s. roxas
l'rsts foil on from ll0n to ll04. ulld uuyancel
tD lli tiu seconds recctle rrun1 Is to 5l. North.
cru Pacific tlrsls declined rruu i0Ii 10 10l. and
ralllcd to l0Lh. OhIo Centrnl flrsts sold down
trom 1ul to 1WH. und recovered TO
lB,i. l,oatun, ilartford 4 Erie lrsta
pcako i Ohlo as tclass ~ FROM
S31i to ~, Cotumbus, Chicago s. lntlluua Central
supplementary tl,sts rruM l5 to L., Iako Stlpru
c0dpnn aecnElds fr0ln LII to III, Luke ErIa {:
W1t l,r,, Ft1tItt t, N.,t,1In r}In
~. s,,,...'s rs.' ~ ~ :" ~ ~ sa". ~.
H'at HoocHtuces 1FuA1 w " W, NoW loeR ti|e'
vNtetl llrsts ftun llU 10 ll5}s lion,p, Watcrtown
& Okdonsl,lrK uo,,su tlue,I i5sts from 10, 10 lfr
3o1us rco 'so'aus s run & ~ 10 CHI
uHIoa tAc'llo s'ltklll1 tunas lFoa laHss ~ l"1,
Cchtral Pacific hrata frotn III 10 ltu, Wabash
Fuul1lv general ts from lO1;s to to-, md Ohm
nu,iorn imoo,,r. frc,, * m m nIn,s,s', 4's =,
1.,. - in, M ,,A,'e
III, Louisville, Now Albany u chicugo t,rs1s
frulu l01!. 10 los, antl Wcstcrn Union ropstcrcl
~ rro,u IS, Ia I.tt:
~ ths arf.ltra sl'soetassd Frt":
NGw fnHK, July M-uovvrnmuuta woro
srntn hsnssx '1s. ,$rr,, ,,n,, ox,o,, ror,o.,o,