, 1881-10-01
BUSINESS.
Stocks Inactive and Weak on
Tighter Money.
Interest In Wall Street Rises to
15 Per Cent Year.
Government Bonds Lower-Fi-
nanccs In Chicago.
Tho produto Harlcts attlyo and ytry Muth Unset
tled-ltgher Prizes for Gralu Early
IN lilo Day.
But Alt Turned Down Heavily Lascr-A S!cadlcr
cIoslna-0csobor Pork and Ribs
Very Weak.
TIN ANETA


Stocks opened wcak, and did not show much
strength at any ti,nu during the tsuy. 1tnnoy
was tight aNAln, rising to 1-lG Of per cunt
premium. Guvernnieut bonds hRvh boon
affected us weil As tho rest OF sioux EXCHANGE
securlt,es, and the continued "a nrc now broY
rnr. deducliug tho nccrucd interest from tholr
scllIug prlcr,
II WIS ngntn reported that Vanderbilt was
buyfng C.. c. C. s !. This, bolng interpreted,
nrutlby meuns that ueyGrenux Is eesflug.
Pullman was sold at 40 md tho rights ut !.
1t has been reported TINT tho Weatcru Uuiou
wna making new contracts with ChiCugo brokers
for special wtrcs to New York. Inquiry shows
this nut 10 io the case. Az explanation Of the
singular ncton of tho company in' cutting
ou ia rcvenuos by disseminating those
wires, It IS assorted by those who have
cl0.cly watched tho recent management
of tho company that str. EckeFt. its Gem
crnl MAnnEur, Is entirely incompetent TO susialn
tho grent responsibilities TINT havn como to him
lu bis now pacc.
Grent efforts to keep tho Mutual Union Tela-
Grnrh Company out Of d good business oilco In
this city arc being made by tho Western Unnn.
Tint company Ia now offering bonuses to tho
37t0preturs of buildings and tHg owners ct lease
hold rights to Induce theIn not to re1,t nu
Office to tho rival company. Espactni pains nro
GetnR tAkon to prevent tho Mutilii Union from
oGtatntnY quarters ncar ths Duaru OF Trade, tho
tho owtirrs of buildings and Icssces Of eligible
oillcrs buvo boon offered large sums of money
nut to lunse to the new telegraph company.
These offers come III tho ahapa OF btda
by tho Western Union to pay ccrtutn e,ms. in
one eAst $l.UNl. for "nil tcieNraphic privileges"
II IL certA!nly lur tho Interest Ut tho city that
the Mutuui Unfun should come Into Chicago
Owners Of buildings before signing away tn tho
Western Union thoir right 10 lease to the Mutual
Un.pn shuud consider, first. tho Injury to tho
public they arc asked tU commit; and, scconl,
THU if they secure new telegraph compnny as
u tcnnnt ttu. part of tholr building tho rentab!o
value of all tho rest will bo enhanced BY Its SUI
perlor tteuraphlo facilities.
yice-prcsldent McCulluch, OF the Pounsyiva-
min Company. Was In Chscago, and was reported
rs expressing the opinion that there was no
prospect thut tho rnilroad war would be settled
until the eiuso Ut navigation at least. There Is
Hooa rcuson to believe that some Of tho trunk
line peopIH nre helping to sustain the present
prices Of t,roadsluus. These prevent the cast
wari movement OF Wcatera proslucc. II this
Gun br held buck til navigation rtoscs, our corn
Alltt whunt will be carried 10 market at whatever
rates or freight tho rai,roads choose 10 ask,
Tho short interest IN ST. Jnc cem1nun Is re-
ported to hArc settled. The Wabash mud Bur-
lIngton Companies are competing for tho control
OF the roud.
Central pncno was active aud higher. The
other nctye stocks wCru Western Union, Mcht-
gan Central. Lake Shore, Northwestern, st. Paul,
Munhattnn, Wnbush. ut,d L,,vkawut.na.
sumo OF tho shorts wcro reported to be cover.
ing on the prospect OF easy money.
AT tho close tho .nurket was wcnk.
About tho u,ouuy mnrkot tho Now York Herald
says: "Tho fact is. tir.Wlndom bus not toeti tho
mark which tho bulls lined out for him. 1t was
expected tuut hla Trousury disbursements would
provide the 1eudy money 81 absolutely uocss-
sary to fbnrket 1hat ,yns likely 10 fa.u1sh for