, 1881-01-14
BUSINESS. =:
Rise In Telegraph Stocks Creates
a Panic Among the Bears.
Western Union. Union Pacific,
and st. Paul Wllirtcd Up.
Foreign Exchange stronger-Currenoy
Flowing Back to Chicago.
The hroance Markets GcucralIy Flrmcr-
Provisions In Cool Deu,and.
A Quiet Day In BreadstuGb-0ats Dull
Barley Reacting.
FINANCIAL.

There was something very like bcar panic IN
so!aostueks yesterday. Western Unton pucnet1
Win IN advahco OF ~. Mt I'M, and russo to III;
Ihcreatter II was fevnrIsh and Irregular, ciost,a
NJ lltef, gain Of ~. Atlantic s Pacific t,,at,o
lA' to ~ Attcr selling ut 40,i. American Union
opchsa a a. no highest 'H'lnt or tho iay, @, and
SOU uown toA}, closing nt 10. Tho street wns
not IN posscsafon or my Information additional
~ that already vo,,chsafcd by the orlans Ut tho
Pointers" 1t. Pull md unlnn Pacific werc
tho next sensations. Tho former rim NJ,
from 1HH to Iva, closing ut It'll.
gain or III. 1tcpnrts >n,rc In circulation thut
there WINS contest fofstss contro, Ut thu ron,l,
anu that the kccno crr%d, who hal bccn bndly
hurt by tho manipulation ut Western unln,,,
were Furnishing tho SHIRTS 50 ~ 10 even IN M,
their losses. Union rnoitlc, which WIS Thought
ny "Ensidcss" 70 bo II salo a., 1a.dl,o0, w,.s
rushed up from It's to 1tGs;, CLOSING at il5., III,
nufhicc VI ~. Tho conl stocks werA Nll strung,
Ncatl,nE madc 2s4. to 6a; ,erscy Ceutrnl A, 10
e'H: L1ckawRnfh ~. to ll.!s; ard Hudson Il,
10 Wi. Tho movement Of Wnlu,sh was bnilI!,u
to those who thought tho declaration Of n lIyi.
dentl would lo followed by II rise. Tho pro-
ferEt'd ran4ed between aoti and Ssss, cioslu, ut
ee3. gain Of s;. Tho common mndo III, to
41A. burlington Quincy fnndo ~, to l19; st.,
.lpe to 5lE; kn1,sns 4 TGxns IL, to II; Un,nha
!, to 46ll: Louisville X Nashville III, to Ulk.
Onturo / Western l, to E.:,
lilo HrAuds lost III, ~ SUI; Chnttanuesn tt.
to oSa; Sun Frnnclsco1, 10 4p;, sj e., o., c. d l.,
l, toM. =
E'sriy In tho day opinion seemed to rrrar,l .,,o
mnrkqt us dangerous. ChtonHo brokers sold n
Footl dcat more stock than they bought, At tho
close tho tnnrkct looked slrmcr, and less foyer.
ish, nntt It was noted thet It took casiy nil tho
stock ofsorcd.
Tho following paragraphs clipped at rnndon,
from tho Now York papers give It good idea Of
tho kind Of fodder tau bulls arc feeding on:
s,lfs Mf sas9 Is ~. xsy nnIlish npoo thg Wabash
:rhoro oro ram,rs Of n bull movement In tho
ioi,E. neglected KocS of M tho canton Land co'n-
pntd on sad000 nl It's ln'leItca'irss, ind Is now
ulH2li Il ycr,, aM1nd foot!ng Reutin.
70 one Of o 6 LII s'Hcm sars Rsotp1ss ot ISs
list. ltlg'controlod ~ wealthy gentlemen who
hnyo q iat fhtng, and toMt care to sell. Tho
n,;, price, ena wo hnse no DOUBT that they viii 10
;S, V un.srstanA f. M @ that Eric, common md pre-
lEroTi l;,!, %has Wo know pr tho manipulation wo
fnk = + nnre"se 1T every frartonu decline
~ oyps s Of 7 @ soG s ;o Ihp hp pnS'r1 srs w
THO conmon and l0j for tic preferred. 'e4' y 'oN
Ono ot tue lnrgest and most successful opcrn-
ta POL il Taso y ai .ng Tne nsaa I'D Il NV 'Ss
Ht5Ss, re- R,F fFy yn4ty nrS net 70 dS, Il s Sp,
liveeae. ~ They now talk 50 for tho common
:; i London special telegram enys TINT tho Nc
t.ro holdings uf l10,0oo sharea OF ltoatng, which
IS %luMi to q for tho full stock. "A'o
tho pool who nro manipulating It 10 acritfc mora
stnek. Whatcvcr the POOL may tlo in the wuy Of
e. tot +" qakn y X tho q soss look weak tho
Pi tho list, thluE its present ard prOaprIfirn