, 1881-08-16

| NM YDttK.
Spt<fdi Dhpdtch 10 Tia Chicago Tribune,
New YOtsK, Aug. 16.-The 4tock market opened
fairly hutlve, but With q decided ,rnry tone,
md undcr tho influence OF slight ptess1Ire 10
Fell prices fell or sharply III tho carly ,eallng*
Tho decline ranged frn X 10 ri, ard ;sae most
| tllarkntl IN Central Missouri. 1aclnc Texns,
Norfoik 4 Western prcferred. I,cnycr &
Rsn 0tan''e, Michigan Ccntrnt. 1,e'awaru
Ilutlson and Hannibal & III. Joseph preferred.
t)no OK tho chief cntises OF tho ,!rprcarnn was
! tho unfhv0rabIo character OF tho ,,Ispntchcs,
| from washington rcunrllng tho Presidents
! condition, and l,any holders ut Iun3 stock wrru
Induced to sell out sllorcby. About ml,dpy the
speculation assumed slightly nrn,ar to.u
| md recovery Of about II to |
touk place, tho Iattcr In Missouri rucnc, int
| tic higher range uf quotations WIS maintained
f"r bit a very hrof l,erIol, and tho lnlprovo-
| mcnt was quickly IosL During tho after
! noon tho market lccnmo Extremely
! dull. anil the transactions woro few
| ind fnr between. THO prevailing tendency
however, wis IN Tho rrctton Of lower figures.
nnti In the intC dcnlinYs thcro was Il decline Of
.sat:!. Nashville y Chnttnnougn. Roccstor l.
PlttAblirg, uni fndnna, t}ltMsningtHn & Vest
crn bcing most prominent therpn. Toward
| tho close II partial recovery ensued It, II few
stocks. but tho general tnnrkct closed rnther
wtul. =,
The monoy market WIS fnrty ncttyc through
ont tho uay, tut capital wus III guod supply, asl,l
no sfrinxuncy prryalsud. Tho ratea fur call
l"nns on pledge tUf fuod stock collateral
Wero to ~, but sunlc uf tue business
WIS lo,o at tho intermediate rnto, ls.,t this WIS
tho current ahotAt tton Ut tho c1Use. Thu Guver.l
inant bond dealers s,ppIIrtl tl,oir requirements
nj III. Ttmo loans were tllit,tcl At to g. acc0rl-
in1 to tho datc Of mtturlty una tho collateral,
Ia tho tlseotnt il.nrket prlnlu mercantile E,apcr
ruled ut US to 3. Tho stcritus exchange narhst
asking quotations, which still rclllain ut 4s3 tor
Go-tlay hills ann iS5 fur demand. The inquiry
for hInkcrs' bills was quite lfgn,, mud but ttlu
business wHa tr1llssnrtGd.
Railroad mortgages were Irregular, and tho
business wRs rAsiter light II, vulune. Lake Eric
& Western tlrsts advanced fr,m 1Ol 10 lUas, ui,d
returneti to lUl Mubtin & Ohio second ,lehent.
tres rceetaesl frcln " Ia e., and closed nt ~.
Metropolitan Elevated flrsts declined frnm luo,s
10 t00 atd 1ccorcreu 10 loJH: 10 Sec
nt,ds sold down from ~ to Bsti. Southern
pneitleo Of California; llrsts fell dit from
l0'A to 1G'A. and returned to lO7si.
Chesapeake l. Ohio Gs lclass ~ reeeded fruin SIX
II s., Denver Rio 0randc flrsts from ilsls 10
ltl, Delaware s. lt.,tlssl Of 1881 fron lUs 10 1U5,
nunvar, south Park t. pacIile llrsts from lta!1
101 Eric consolidated seconds from, llk.1 to l.t.A
Intllnuapnlls, Decntur 4 springfield tlrsts:enOn
lutiA 10 lSG!i, Nhnsas i ToxAs sGtnn'ls from 70 II
H,i, New Y0rk Central l. l1uaiss,n ltIyurcoul,ulla
first from tsa to 1S9at. lto,ne, WutcrtOw.l & Ug-
tllnsbt'rg consolidated rsts from, ~ to u, Toxls
pacltle sand.Er1int ncOtncA trutn HfS to K15. do
tirsls TITO Grundo Divlslunl fruu 1l,s 10 Hi and
WabAsh secOn.ts from liz to 1llH. C., &I.C.
supplementary lrsts rosc from III to lcI1s, do
INCOMES FROM II t0 ~, North Missouri iirsts
frunl 1::.:Hi tn i.s}ts, Ohio + Mississippi eonsuls
from l.l tn l...ai, And Louisville l. Nashville
consols from, 1.t.s 10 l2I4.
1b ths t5tsttrn AssoeLlfsd Prrss.
v<..sr 1 tf