, 1881-02-03
Stocks Open Firm and Steady and
Close Very Weak.
Disposition to Sell Reported to Be
Increasing.
Heavier Country Demand for Cur
rency-Forefgn Exchange.
The Produce Markets Generally Lower
BreadstuGs Weak-More Doing
In Wheat.
Other Markets lts Atilst-The Foreign NtHs strI
Depressing IN Drain.
FINANCIAL.

FINANCIAL.
Stocks opened quiet and were strong though
dull Until after Tho morning hoir. A fevortsh
tone succeeded, md toward tho closo tho market
rai down rapidly, with heavy snlcs und great
excitement. New York ndvtcca were m lsslNl
benr'sh, aud stAtcl TINT the disposition 10 sell
was spreading ,ny by tlay. Conservative 'non
hnye Gccn looking for II reaction IN tho prcscht
extraordinary hoon. and nrc wcll proyttGed with |
cAAl III Ort]pr to buy Ut Il DECLINE. fcstert1hy's
rlpll lccltnn had apparently very l1tto effect III
disturbing Tho confidence ri Cntengo holders |
Of stock or III tnt,lcing operators |
here to 70 short. ll tho market should oren |
weak nnl contiunu tn decllnc. Ralcs would In.
crease. WcnkNcss uN Wednesday, IA not Il |
Favorable eiNn, ma far rs last experience Of
"lucky days" IN Wnll sircrt goes. hut there
ure few, Indeed not my. operators who believe
TINT II cala,nltous break Is possible nj this mo-
ment.
The Directors Of the .>lron lload hAve de-
ctnrrsl Il somi-Mnnl,al dividend Of 4 per cent,
Thosb whD Arp believers IN n reaction expect
1t ID becaslso of tho prospect Of ~ instca' Of
II ilpcr cent ltofnnlu1 bill; c!) Geca,,to tho pub
lie. especially tho New York public. his lcen
ovcrtrAding: Ell bccausn tho eartitngs of tho
railroads arc beEnnIny II show serious de-
crcnsrs ot. neenliNt Ut the aturtns: nfd ~ be-
thusr tho stuck market cannot much longer ex-
rrct n hive tho full use or Ill TIM financial re-
snsrt.,.s Of the hanks, which havu been left nj
Its tllsposal m it,e 1uck of sprclut,un III MI tho
other markets.
CntlHa Southern wns Tho greatest sufferer.
Eoin9 from I'll tn III. wcs.rr,, unon lost.,t to
luis: Northwestern ~. tn 1nB.,: ~ pa,,1 t.f. tD
114E. Erie u. IN dB1;. i,nko ahorc ~. tn lsrH:
Now Yurk Central ~. to 146*;. md tho rest Of
TIM ,nnrkrt. viii, rc,r cxrcnftt,n. syu,nathlxcj
Alum mn,,c 4. 10 l.g: UIcye,an1. Columbus,
Ctnclnnntl i indianapolis |, s.: burlington 4
ftn,,tr urrrtrrcd .4; IN i:N11.
We nrr 1mipj,,c,l to Il y. Lester 4 TO, for
prtntn,, rcports ug Tim iIuctuntions or thu New
York stocl, maskrt r,uh1Ishe, Immediately o,,
lin t.osr IF ,,nsEuc.s IN Now york.
Th,. nvurcuntc NJ ,,,llrmnd br,Il,no for 1RsO n
very lnrsc, and represents the cxpen,ll,nrcofnn
rnorrnm,s sI,m rnr ,rhIrn t,,or,, mav nm, 1,c ut
urosn,, ndo",ot r,rr. .n'lu ~ 1t,'I i, nrot,,s
Tor ,bo m iirnnd avstc,n ne n whoIe. lin thu STATES
ot, trorr,tortoa tbnr, or,, po,v tk, r7 ,ni,a nf
r,lron,i Il, nnrrntion. or onn milo Ynr rJu mr.
eons nn,, VI the lv.I,n,rrr nr tho vco. ,h. ,r,.-
nortnn rus out, min Ior ~, crsuns. Tho tr,,,,s
rnr ri ,nrint lin, n, nm Enr 1ynut ,,nea lr,,cc1
,uok tnort, t,,,sIncaz for roirrnns ,horc h,f n
nncorsnr. n,oy."a Ioua tr,,,n for r,Irnnla n tho
n,,for s,n,os rro,n whilst, 1ho rn,,"ioton Ia
,rovo, wn,, r,,nIs f., ,.,r,. ,,,n,,r rosos h.rs
,on,, NJ, ,,otnI,, ~ ~ ,,,,rnco ri
nu,o,,n,. r,,, s,,,r r",ls ,,r,n IT.. Il,
lr iholr trnn. ia nar,lv 1i,crtci n" row ron,ls
,no,. ,,ro.nn, ,,,, r, ,1,o o+ro,sn or ,,r,et,c,
, 'a ,'.,,s ~, ',r,,.nt ,,ro,",,.,,. i,,1
"n. ~ ,Ms',.,.. 49,, ,'.,,san.,,. ~ :. ,,.,;',,,
,,,"t wow ,t,., S.Ss, ofn mr, T., ,,nut, h.a noo
,,n,,t, T., t,n n.r,h ,rir,r ,hn cnr isst, h,. Tho
b,,n.t,,,', ~ va,Irnn,o fr .hn n,,,ra m ,ost ~
rm,ta ,,,,I,,ncmta' stn,,ons. nn,nthnr nt,mluut
,tnr,..o,n"ta h"s ,,rrhc,i" sccn ,nnrc ti,nm
IN, iso ,,o. MI, 7,., cn,r ,.,,,no, m o,, ,or,.
lut,r rxpcul,ne money nj that rn,o in ,lo build.
tr,. ,r ,i,rIs nm, ~ tho r,.rwr ,,I,.aa toos,,,
! ..'6 " A". '.s|". tSH~ ~ ."A "N'. a. -.