, 1881-10-04
Stocks Active and Declining Till
Near The Close.
Henrs Covering In Anticipation
Of Easier Money.
Mondays Clcarings the Largest Ever
Known In Chicago.
The rrsdntt markets lrregHlarly Slrongtr-A Maa'
tvale to'umt Of Trading In Provisions.
Bfeadstut's Active and Much nigher-A Vfgor.
ons eiltng Of Shorts In Grain.


Etnclss svcrc ncsive In comparison With tho
movement Ot Inst week, nntl prices cclinct, I'LL
ilenr tho elnEe when thcrr WIS slight rally.
CuhsltlrrtnK TINT Government bonds wcslt OIL IN
nrcoNnt Vt tho sringcncy In money and lhnt. III
the anxiety To Secure finds. HccTutnrr Wihfum
WINS offered tilrco times as tun,,y bonds rs ho
ht for, the stock mnrkrt wns well hefd. lsntcs
for ton,s III Wnll street ndvnncct tn Is per cent
rcr an,,.iu1. but closed nL q PR cent. SoluU
prcssurc was repurlca to sell Vnndctbllts.
t;ould ssocks showed the sustaining hntll OF
manipulation. Flgna of easier money were to
he sccn and some Of tho bcnrH covered In c"t,'
sr1ttc,,rc ~ tho el0st there was something of
Il rally, md tho market closed ho WORSE for tho
.lhy.
I.nkc Eric 4 Western declined to {4li. closing
ut 4Gt.; Chicago, 1lur.In4ton 4 Quincy wet,t OFT
tn lh1,i, recovering tn ihsY; Lake Shore sold rs
Inv ns i.1ai, ul'siiIR Mt 1:las. New York Efnvnsed
opened ut In, went II ia, md was Hiotcd 1nni-
~ ut Init. Omaha preferred went dtwn frusn
nrs,3 tu tNtat, AMI closed only 4 hritcr, Mt ls
Vanderbilt wlls reported tn be buying Union
racfe.
The I.aeknwnnnn Directors ciaiIt that the net
enrninYs of tho rond h..vo been . per ccnt Tor
tho past eight tnnnshs. .....,...
The London correspondent or tho 1snr'd cnbics
tint pnpcr that tho continuance uf tho war Of
rntrs Is the Nt,ty uttstaclttto considerable risp
there IN American rnrmltl stocks. Brokers gc11"
market -whEu tho extrnt 10 which Mr. Vandnr-
h!lt ruc,,,ls to 1ish tho war rcninfnA uncertain
Tho general rrnspcGt Of American rallrOnd tll-
ttrsts IL held tn he HUnd. Int tho rss,ot1s strt'H-
gIrs for freight business nlafm oil prudent ist-
ytstnrs md greatly nnRcttls Tho markets. Tho
decline .lurIpK tho pnst week l1as cxtcntcl 10
,,cnrly all etocks folcly In consequence Of this
wNr. ,
warnsh common opened ut 4An and closed Mt
AM. the preferred selling Mt S0liGls'ai iQa*g!s.
THE cummings 6f tho r0al for tho third week Of
suptcmbur, 1Sai, wGrc at the ratio Ut $1,t0D per
IN tle OIL tic cnfro present mileage OF tic roat.
Allowing II, 3'or ut.,lt for operating cxpeHscs-
they att as matter uf fact tcss-thcrn rninnfit
nct earnings ut the rate OF s...aW rer m'le. Tho
bonded Indebtedness IL s.a,lE0 pnr mile. and
stock, preferred aEl common, Is Issued at tho
ratt. Of nl,uut st,0N rcr mile, no that according
t r t;uil, tho roal Is earning tho Interest OIL
tfa bonds atld q por cent m It's stock, buth pre-
ferret alld COMMON.
One rcason why New York Elevated went down
! may hnyo l'GeIl tho remembrance nf tho lliRce-
tErtl question Of taxation Of the road structure
| which nmn.tnts to fully pcr cent per hntuili o
tho ertIro Gnlitnt stock, and also the elect oI
| competition frotn tho Metropolitan eecnnd 4trc-
| nue KoHa, II tho Now York Company should
| attempt to run Its lines in'InpcndcntIy.
/ Al,out tito nancy question, according to the
lerxl,, one thing Is proved, md tint III thAt the
existing strlt.Hency III money ls duo TO Hnt'ira
| cu,lscs and nOt to any artificial twisting up Of
rntes. THO san,e un,,rr snys thut ovitfcntty Mr.
| tQtj!i hRs II pretty keen tuition OF tho lMpenu-
inx danger ts Ia shown by Ills sale Of silch Rtock
as Western Unlnl,, Wat,ash, Missouri rnellc, ant
the Southwestern rubbish, which tho atreat shy!
| he makes Whenever moderately flrm 1narKe
offers tho chance.
| Tho St. Paul L. Manitoba approximate earn
inRs for tho third week Of September 'sero s0i",
q L-p tsr.lD I