, 1881-10-11
BUSINE ESS.
Stocks Open Active and Strong,
but Weaken After
wards.
Money Ranges Between IS and
6 Per Cent, Closing
Easy.
Wall Street nnu the Treas
ury-Finnnces In Chl-
cngo.
The Produce Markets Less Active, bull Gen.
orally firmer--Not So Much
Wheat on Sa9b.
uuytrs Picking t1p Lard Drtskly-1he Longs un.
lellng 1n Corn, With More
Moring Out.


Stocks opened strong and acttvc. nnd advanced
TOR short TING. Afterwards tho toursc of tue
market was downward, init no severe Kisses wrro
snndr. At Tho eiosc prices were II trlila hcttrr.
New York adrfccs wrrc, rs tstisl, contrallsct-
ory. Conservative men predicted a LcelInc. hut
equally conservative unes werU believers IN
higher prlccs The raaIY III tho cl0Ao WIS nttrlt,-
utc, to Il hc'lof OIL tho pNri OF Wnl, street opcr.
ntoss that tho Secretary Of tho Trrnsury would
asin0uncu some change this wcok TINT wnull re.
tnrn TO tho channels OF trnt1c tho inrgc sums
now nhstrnctcd ny tho payments uto tho Treas.
ury.
Very llttIo difficulty was had about money.
t.oans woru Qlnscd ut tlH tfIno nL liz. OF pcr
cent IlrGalIlni. bit Et,fal borrowers with uOoi
collateral hal Mo t'tHlealty In supplying their
nceds at the legal ratc.
Pullman rights wrrn q bill on lnrgo blocks In
Boston.
II was reported that tho short interest hati
been largely lncreased. uni also that Kccne and
been argc attd neayy buyer Of siocks In tne
m0rnfny.
strung foreign demand exists for somc OF
tho mora promising AmcricRn. stocks. Onp
%rlf-known house In New York tint Is n)mosl
niwilys lcn1cr Ut money. Is known to bc bl,y-
Ing sihrls ana to be a borrower ut Innisey and Il
lender Of stocks tn short 5cilers to yet money to
t,se. II hIss purchased aa,000 shtl1t.s OF Eric,
Northwestern, f,nke Shore, nnd Ontario &
Western III tho lust three weeks for Europe on
account.
Que ri Secretary Windom's CALLERS IN New
York, was WIlturt II. vnnucrbilts lieutenant,
whoever that uuy to. Tho Rrcnt tnnn did not
cali III pcrsol, On the custodian OF his $5}OUOUU
| OF ! per cents.
Wcnkucss III Pennsylvania liAllronl stock bns
surtctl tho report that tho dividend to bo H..
Clnrrd within Il few weeks would he prr crpt
Instead of !. Tho Philadelphia EerHiy1 Bays there
seems to he M reliable authority fort tho rrport,
and tho probability Is that per cent vii, be .le-
clnrrt. 1t Ia wGll known, however, thnt Mr..
Roberts lins always bcen enlt,iel,tly conservative
Iii tho n'nttcr of dividends, mud hts uGtcn nrHuctt
| aEa!nst tho cunlpAny paytnK moro lhnu II rnto
| that could he mhtntAlncd without failure.
The disturbances at lilo money market. tho r.
nd!icidl Ct'Dhhcle thinks, ii not due to tho spru,-
lasions In Rr1'!n, cotinI,, etc Thcy uEgruynte
the strtn9ency, but tlo not account for Il. Tic
rrul cHlsc, It thinks. Ia tho apt!pp Ut thu Treas-
ury. "hll1 tho loans Of tho New York banks
and tho amount Of icgnl tnnders they bold arc
Nbout tle sarlo rs q ychr aYn, tho Ttens,,ry
holds $4l.0oo,0n more Of Huid and legal tenders
thun 1t did one yaar ago. To show tho holdings
! OF tho Treasury OF lawfui money ut thp .}atcs
mentioned, tho Chronicle gives tho fellow lux,
taken from tho Treasury basauce-s -shcsta:
nsa nIa fs!a fs!.,s4 nna %nP. ss,'o. .ii$E
Total law FIJI l'nonoz....~taJl,*9I.1 sIt:s:sIIii5
ss5ss:s "ss. H. Ssf"4 81 :i; III srs;:sa
hflltIN Nf Mlt1k nD1HH nf.., .....,.t.t.,, tQp1NU
AhI I'LL lncr9AAt Of dupuNIts In bank ut...,.. IiuU
Making tic tosal exeoss 01 nyniatle INV
!uI 4JsEDnD
OF this. K IL ostmatet that $:0. OH, 900 nrp held
nsntnst ho.ltls which hAyo been enltp1 and not
presented for redemption. 1f tho hunks held
thls s;D.ND.00 Of course In tho present contlI-
aon Ut loans no atrlngcnoy could exist: thoy
would havo funds sufficient to meet a,ll crop de-
! n,ands Without restricting loeuI nccommodu-
tion.
Uno thing is olaar: that Il system which either
permits Or ontorces this extraction OF such II
block Of lawful money from tho channels of tho
commerce Of tho country ut tho pnrlo,l OF tho
yenr when its nccls nre nlost urgent Ia alJso-
lutciy had.
Tho condition Of the roll reserves Of tho
European binka IA such as to make It certain
TINT strenuous efforts will bo mltla by them to
prevent llpments nt goi,t Ia thts COUNTRY, Inst
wcok'a rcports reduce tho amount pf bullion In
the principal European bnnks 10 tho following
figures 10 TINT tho holdings now compare us be.
low with tho holdings at tho correspond lug dato
III 1850:
| ffAfH. 6trfr.