, 1881-02-04
BUSINESS.
Stocks Attacked by the Bears
Heavy, Transactions and
a Decline.
Remarkable Fluctuations In Western
Union-Better Feeling at
the Gloss.
Moderate Country Dcnnnd for
Currency-Forcigh Ex-
change.
Tho Produce Markets Observation-Disclosures
ions Moderately Active and
Quito Weak.
BrcaAstu1s Tamc nnf Easisr-con Dull-Wleat
Eattcr iemy.
rrcadsiut!s Tamc nni Easltr--con Dull-Wlleat
llather Henry.


Stocks wcro attacked by the bcnrs, who sold
lnrHe bucks sll0rt. hut without pl1a'tcluK
any sc,1ous result nn prices, ms tho market ro'
bolinicl tho moment tho pressure wns re-
moved. Western Unun was tho most rcinnrk-
nllc In its fluctuations. without any obvious
cn.len It started forwuri into ,nwottcd activity.
After selling up 10 ll6.s. It renctcd 10 lill,
mud ctoecd ut Has. All sorts Of runners wcro
uiit into circulation tn affect tho market.
One WIS thnt Immediately upon tho re-
f,,snl Of tic injunction prayed Tor W
Rufus Hatch np1.lnst tho uislon ot
tho three companies tho parties interested
met and consutnmntcl tito consolidation. as II
matter OF fnc. tho companies arc not to lo con-
suli.,ntcll. Consolidation s forbidden by the
laws Of New York. Thu Western Union buys
tho other cnmpunfca. Tho purchase chn 20
,.,t.cu only hy tho stockhosdors. They could
tnt i,1vo met yesterday. rs thirty days notice IN
required. Ths h1s been given, and tho meeting
vii, hs held Feb, ~. Three tourths OF tho stock
must voto 1t, tho affirmative. II there ia nno
SHARE less thnn threciuMrths In Tho vote for tho
purchase tho whote eche!le will full through.
THO movement or the stock yesterday looks ns u
some now t1cviltry were bang conco0tcu, And 1t -
perfectly sAfe for outsiders 10 lenvc tho STOCK
nlol,e. It IL tha most dangerous on tho list.
Apnrt from Western Union, little more can DO
said nbout tic days. business than Is revealed BY
the ttl1otuutnns below. Prices Mt tho close
showed considerable recovery from tho lowest
of tho dug.
Alcssrs. Draxel, Morgan s. Co. ara said BY tho
Graphfo to huvc been iarKc buyers os Nov York
Central within duy or two pnst, and 1t ls sild
that therc are london orders here for cons!d-
erable amounts Of st. Paul. st. Paul common
| slock Is shortly to be plnccd upon tho London
Stuck Exchange.
Thuro arc Indications Of compromise be-
! tween the Mczsrs. bcCalmonts aud Presltcut
| Gnwen OF tho Reading Road. The former VIII,
1t is understood, withdraw their opposition. and
tho lnter Will vote upon thuir stock ut tho pro-
posed election IN tho 1ith OF March. Two per
cent premium Is ngtin bid at New York md Phnl-
lclphta for tue deferred bonds. 4 lot OF s},ooO
Of tho bonds sold at $50 tile other day, but It Is
| said tho seller wins not aware TINT d premium
was bld for them at tho time.
Tho LchIgu s. WllKesburro Company. 1t Is
claimed, earned per cent OIL Its bond and stock
cnpltnl III 1890. Tho Company Of course, Ike tho
Jersey Central, hny the disadvantage Of being III
tho hands of n Receiver, but fts securities nre
likely saon TO hccono a very nctlve clement III
tho shire MurkCt.
II tho common stock Of Tho Louisiana & Mis-
aourl Is worth u, thou the preferred shares arc
worth Is: but tlioy nrU not selling over III Ut los
ton, where the stock IL prinoiIMlly dealt III.
Eu.lsns 4; Tcxus second tnorsgago scrip Is wortf
O.. ucxns Pacl!ic lAntl-HrAnt scrip Is 6. Tht
! lutter represents the intorcst Oh tho per coh
inconle bonds mud shows tllat tho clsh vnlnc o
n yours fntercst IL nbout 1 per cent. THO kans',
y Tcsns second pay scrlp enough nlso to equn
cnsh vaIie OF per cont
About thu recent RISE in Alton s. Terro 1Inut
. preferred tho wall street gossip Of tho 1t'Ots
says that The roud has limo fund Of 10 per ecu
III tho wuy Of deferred ldivldenos.-tlat II, ln0nc
which has not been puil but kept IN arrears, lin
thIs Is now due to tho stockhGldcrs, nnl tho D!
rectors approve scheme providing for tho iss,i
! Of /, bond Tor 30 per cent VI tho Is per cent an
tho payment OF = per cent IA cnsh. BESIDES thi
tho road Is to receivers .O0O from tho Penn
sy,yuutn Rntlroud under tho recent plan for til
disbursement Of SlO,000,o00 loan which til
! Pennsylvania 1lailroad bus a'placcd.
Tho following shows the fluctuations Of tt
= tsctlvo stocks: