New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1881-02-03

my view with respect to financial affairs point to the
fact that in both this hemisphere and IN ycr an era Of
later shall have To experience Tue inevitable result
with be soonsr rather than later Iready sckno
that there plenty OF scope Tor pr"ntaoe enterprise
%hcn 10 10 20 bring ali Of the UNDERTAKE and
contemplated to successful issue On tEs side OF thu
very nearly to low water mark. and cur
bank rates also Iowa dangerous combna-
high and have been sustained ny purchases
based money, which owiag 70 the absence Tor some
contracted trade has been readily obtained Sns ~
commerce expa1ds-aBd 1t Is expdun,ng-tGere msstbe
aOOn large creation IL Lounercial PAPER ara then
that takes place money viii De called In Rom
Stock Exchange IN constantly increasing aIaOdnts and
result cannot ia 10 b. 70 mos wno aaye
gone Ond their All this. too IL lhfepsrnt
OF the frrsh demands On our capital rom yoai side.
which have Degdn to-day Tor ,nsIanee IN me SlAfe II
the S200O0OO0 OF hg Northern Paciae oophs ne new
year 10 usered III, FINANCIALLY speaking by lEs issue.
which ouly the precursor Is LEX" IT, Oh h'iar"is
more. , , -,
rence 1t VIII 60 on AMI ehcc% eOpes cannot !s ieed
t. panic very shOr;ly hat IL t. say, STOCK panic.
Your country benried largely from 70 az Two
Luaptifnl harvcsts when great pI
ing power in the keIs II the w1fIi ebhoinI yon 70
sorts Of rcnpndiirs suitable for dev.loPns further
your rrsolres. | conceive that all Indications show
that you nave exndIs ell 70 great exent your re.
10 this respect aII Ihat ano.ner &er o,as,
Indications to he ac"umui itIons OK your afaii
yur dep"[s acconpaa g, ~ adneuy &c Si" 5S,cd ~
all sorts Oh he hne aud VII r,qdlrr moaning lie
H. and prorcS railroad, aud . her Industrial Gntrr-
tagngs az prodgIUus rate. and don't TX cty sec al
to CONFLICT ties d.rtakngs From what have
Eurnpr yoT VIII see ihat y)u ca noI reckon
OF much FROM tIia SIDE au a. reg'rfs YOU, zee ihss
socks and bonds 1T ali kihIs being sd ppoJ over
here, which SLOWS that aps Is OF great use TO soYs
you mere. Y0h may hayt. OF 1Oufse Inis ysar an
uhr tifu hAr7es and that may Keep you sirNigE,
Bat, the o;ner haud yon may not, in whcn eSae
need lily rtGoarG Deeds no prophet 70 Say tLt'
yery serlofs p,uir IN securities must taxi place
You ask ME abOu. Reading look WITH apprehehsiva
ne iurGre 81 their coal property. WhrtcvF ron "a
fitch p1cc d' Ien lieut. VI prOtecOh' OF 20
fa hing hkr its o;ce year or TWO az" az %.
Tag a. a coal property
The stock nlarAet to-day proved t" be 30 near to
what it was reasonable TO expect that it "ou!d hs
that there Is little Tor comment upon 1t.
Yesterdays strength of figures proved 10 DO as
hrctlug as it was fictitious The op-nIag prices,
however, generally oven higher than yester-
days closing figures. Equally general were the
lowest figures the last ot the day.
.he business. which reached f94,7l6 shares, waa
very well distributed throughout The list. and
M one stock was so cOnsDicuoUsIy first IN
amount os tra'sactlOns as was Ontario and Western
durlrr the last two days. Il 1t that stock, low
ever still WAS fIsi, aud recorded transactions OK
81 soc shares wnIcl amount comes near TO being
double the Amount done in any other Stock lts
first ard highest price was 43l2 against AZ g. IT'S
last price yesterday. and It's last ard lowest azure
a,1Ilo. Iho sccoud stock in amount OF transac-
tons WAS that of Missouri, Kansas and Texas; IL
also was al tx ,eptl0I to the rue Ia not recording
It's higne5i glIIe III the Opehing sale; tae Er'5
n CO was iC3I the Gghest price 1874 anu tL' ll2t
nrlcr 4G3i. When the ptIce rose above As everyone
IN til street received tine point, Fhat stack was
the card" iOr q quick turn. seemingly tnere as
mistake mail IN not asking the question, " W Ach
;yay" The elevated railway shares we've consa:cd-
oa3 Y strong III early dealing Manhattan a. to IA
and Metropolitan mp to l2JSs; Later. however, they
declined to i0I2U4ll4 md ll7$i respectively. Oh
tho remain Ter %, the st II i, only necessary 20 say
thar alter frequent fluctuations the marker closed
W ak 1T cGrcs that snow dcclnes OF from L 20 8
ger cent trorr yts;crday'S last sale.
tovcrnncn bonds dun with sales ot only
<2r, 900. The prices for the md per cen "ere
Il 70. but the final bids for the az and Is Show
decline of l. per cent. Annexed are the closing quo
fat