, 1881-01-21
Stock Fluctuations Feverish, will,
Downward Tendency.
New York Brokers Still sending
Out Cnutionhry Advlccs.
Light Currency Movement-The For
eign Exchange Market,
The Produce Markets tirmer--acrc Doing IN Fro.
,5sIons aud ;Shtal.-0ther Grain Dnll.
Tho Trading Chilly Tor Future Delivery, but a
Fair Export pomand Tor Meals.
FINANCIAL.

TRANSACTIONS In stocks Wcf0 very lmlRe' As |
the opening tho market was excited, and prices
high. Afterwards tho market had I'M uhtnvor-
nble turr a1,si prices yielded casity. a stronH
recovery followed, but there wcro renewed
aymrtoms nt distress at the close. Adviccs from
New York ugt1n represented tho slthat'on rs
dangerous, md urged caution. 1t has ncen 30
profitable In tho pnst month Of two 10 70 direct
IL contrary to New fork ndyiccs thnt ito one IN
Chicago nays mitch attention TO them. As Tar
as could no learned, tho tendency of LhcaRo
ouoratprH IL ratbcr to sell thnn bMy. Il consI- /
erablo reduction hAa heen mnlc III the last Tort
n,9ht in tho llues OF stock carried by our opeh-
tors. Who has bought thea0 st0cks7 Has New
York tocn crying stocks down ana ouy'ns
stooks Mp7
Two stocks, about which there vas specially
favorable news, not known to tue public TIL 4,
after the close At business tho day before, Union
Pacific and Illinois Central, declined Sharply
The Directors Of Illinois Central Increased tho
dividend to NJ from . per cont, and those OF tho
Uniun Pacific offered tho Stockholders tho right
TO subscribe to sl0,O00,o00 Of new stock Mt
par. lIllnois Central opened nt 1ath and sold
down to lalh; Union Pacific dropped from LEA
tn 1ts,i. At tho cluse Illinois Central had rccov.
erel 10 la3!s and Union Pacific 10 lslss.
Notwithstanding tho bcnr tak that einanatcs
fran, Now York, II Ia notcd rs a aEgnlncant fact
By ChIc,go brokers that It Is easier to put tho
market up by buying stock thnn 1t is to put 1t
| tlpwtt lIy selling, In other words, tho market
tukcs without yielding largo blocks OF long
| stock. This waa the case yesterday hs on pre-
cedlng dnys.
l,ook Island and Alton wcrc strong. Alton
sold Up to 15A aud Rock Island madc OK, to ILL.,
burlington e. Quincy dropped from ia to l'0.
closing Mt IT.. Tho Vanderbilt old unretiabes
vcrc weak, Now York Contrat lost n. to 1E]!l;
Michigan Central II. to 125; md Lake Shore ~
to III. Northwest sold down from l'N to l'k:!t'
closing Mt 1a5i&. St. Paul mado III, to III. pa'
l Ak,n Nnrn IrenF mi n Jn<
ulIucl II, to b5A. Manhattan went down III,
to38. .,,-- .-.,,.. 49,
fectcd by tho tloss that MI Injunction bud been
granted temporarily against tho consolidation
Western Union SOLD down fsom III to NY. At
lantlc & Pacific from Nv to 48sf, and American
Unlon from 50 to R5A.
Tho coal stocks held their own. Delaware u
! Iiudson advanced !, TO 1Gsi, after selling at
: 10l.f; Lackawnnnn lost *, to 11Dss; Jersey Cel-
trni rose II, to oiI; and Roadlng u, to ela.
; Latest reported ra,lroad earnings: Nslwnu-
kco st. Paul, second week In Jnnuary. $s1f,00o,
| against $lBO,480 last yeat; lncrease, $61+k}l.
: Chicago l. Northwestern, sccoad week In jun
. uary, Increased {e7,e00. Indiann. bloomington
l. Western, first week In January, earned ELL
r 6sO; Increase, $.,sn. ..
0 Tho Pennsylvania Railroad IL reported from
/. philadelphia to have ohta'ncd control OF now
line md with it 10000 acres OF bltutni1,oua con
: lands. Tho Pennsylvania bus made this nc1utsf'
a tlop through Its leased lino. tho nRsd Englt
It | Valley llalroad, tho Inter having purchased
. for about 5000 the snowshoe ltRiroal, thn1
i adding to tho l,aid Eaelo Valley Line abon
It suventy-hyo miles OF road.
!, Tho present bull movement, tho Herald says
Il under ordinary circumstances, would rightly b
- considered Wild and rrcklc6s but when IL Is 81 p
is portcd by tho extraordinary deuand for Oh
t. securities FROM abroud. "a at present exists 1t
e plain to SEQ that 1t Is bns5d upon co'nparativol
=, ~ solid grounds largo purchases have boon tnnd
is during tho lust two days shy some 10 0o sharc'
of for both thu London and PMrls markets.
ae Tho Indiana, bloomington & Western ana CiiI
VI 1 cIunati, Snndusky s. Cleveland Roads WREN cor
ri soltdatcd In March will assumo the new tltlo
ho Ohio Indiana & racIs'o Nai,roaaa.
% It III regarded as Huly qucatfon of aho
~, ! time when tho Kcokuk & Dcs Moines wsllbo rcl
ut ulnrly Incorporated Into tho Rock Is!nnd sys'et
o. 1t IL already practically portion OF tho road
ch The An,trican ErcllaHGc Of Tuesday said:
q. 9. It bns.bccn weeks sIuca conservative mcmbo
~ 'as Of tho Stock ExchanRo recoIled nghnst from o.
1asSs ~sS 2ssss so g. s q
~ mnrket generally continued upwArd. festet1ll
tho bull epco''lG.lon progressed wta alo
~ ~ tho movements of quotations, but tho marx
#, svaa closed stronu. Indeed, y TIE Aftesnot
steaSs snssS cUia reao6 tho Highest ae tho
sas 9oro WIS renewed upward Svsn9nt . ~ ~ :, y
actor. To-day tne different !,ourls Of Drocte
" 81 tho thrco Companies meet 70 patss upom
:lt. appsossd by Tic the mono
g sagd oiy is established. Wall straat nppcars to hl,
ow noo stinulats III to sho existing sIcloGont e
applied 10 tho antplaeon q nee1ns ees 10 10
~. ~, titne Sosore tho aonusal awakening from
5's speculative dalirluln councs.
Tho following shows tho fluctuations OF