, 1881-06-18
ISY;TELEGRA1'f1.
: NEW WINK.

ErffJdI U3pdScH 70 4HE thlfQQo JFtOHHss
NEW YOuk, Julla 17.-On the Stuck Exchange
tho business ut tho opening exhibited mlrknd
depression, aud undcrn prcsstsre to Holl, which
IL ,uuy bu remarked WIS not very pronounced, ut
least so flr us tho bulls wCro conccrnud, the Een-
cral lat recorded decline, raigtng from Il TO
JA per cont tho stocks ntost conspicuous !n tho
downward navotncut bong 1T. pau Metrupul-
itan Eovntod. Missouri Pucliic Northwestern,
Lake H1uro, and Tcxas pAcllc, Tho sharp do
ellie III yaluos otrurod forolblu romit,iar to
tho bulls Of tho necessity Of coming
to tho rescue Of tho lnarkGt and 'rcstor-
tuH quotations TO tho 'puIut at ! which
thoy might snteIy ronow tho unloading procosa.
ptoninont hol.lora OF lcadlng speculative stock
evidently reckon with nntIr0 confidence on tho
aullibl!tty of tho lambs" Of which ttloro ls "
prusont very lRrK0 flock In Will
street, to tako any s',nrcs oiforlnR, no
matter ut what prcca they hAvo
been forool to by urttnlal manipulation. Tho
"aniba" hAvo this characteristic, that Una rls-
Ing market they uro en9cr TO buy tt ntty prco
hoWayer pr0pustetuusiy high, btlt they hnvo also
auuthor trait, an,i thut IL thAs they nro must
prumpt 10 alsposo OF tholr holtllngs
upon tho alIghtcat Indications OF
brcak. During tho AfturntDM tho speculation
began to assMo u tirIner time. and n steady ntl-
vance took place, which continued TO tho closo
Ut business tho lnul gales buug at II recovery
from the lowest point Of Il to . per cent,
III which 1t. Paul, Delawarc, LackIwanilA
T. Weatort,, Missouri paoto, Laxo Eric s. Wcat-
erl, metropolitan Elevated, tho trunk.liae
properties, unl Unlon, celltrui, and Texas p,t-
| GEao wore most rrutnIltont. Among tho niisccl-
| lateoas stouks Poorln, DECATUR l. Evansville
was notably strong, an1 TN brisk purchases,
recorded I'LL aIyuuco Ut w per cont.
| Tho monetary situation was characterized i,y
Increased activity. ind higher rAtcs ot iAtorcst
wute paid for accommodation. During tho
linn iRfkts
lsr cont, but during tic AFTERNOON tho rAte WIS
| bid up to8 ln tho ttnal dealings tho nlarkOt IT.
aano so1i,oWhat castor, and tho currunt uosat!on
~ tho close was per eent. Tho Government
bond lcaora supplied thoEr requirements ut a.sqDj
por cont. Tlno loa.la wesc quuttAl ut a41t t.er
cent, ucaorttg 10 the tlAto OF luatArlty ulll tho
| collateral. LII tho discount market primo uter.
uanttlo papor ruled VI y1a.s per cont. III stcr-
lInv exchango tho Rutuiu.l usklng auutatons
| Wcro nnghuuKcd, but tho tunrkut. ppeutta
rather weak. During tho aftgfnonn, however, II
Asuor tone prevailed, mud OIL \ frco inquiry for
bills for uext woak the rates fur autuat bllsi-
nuss touched thu highGst points Ut tho tuy, AT
the cloao tbs business III cablu transfers aud ae-
mand Bterlug was Iargo ut full rntes, aud tho
Indications scom to polnt tow4sd higher figures,
laf!ruth mortgages wuru unsettled and lu thu
maIn w1ak mud lowns. Hosto1,, t1nrtturl & Erlu
iixs,s sold down from " to 7ul 4id rcuoycrod to
". Eric consolidated scconus declined from
| lVlE 10 1uS3 HNu THU W lusi vi 1uuupA "
advanced frun LOO 10 lul, returned to i0o
uud rA.llcd " lNIt. ISat,sns h Toxus
seconds full ut frum ES t0 674 aul ~.
cuyerud 10 B7at. Ka,sas p4cillu coliso!s rcccaul
froa, l1sts to lgB, and soturncd 10 l0S!s. Home
Wutastown e. OxdensbuFR consolidated llsst,
dropped sruln i0s to i0}.l and raItIel to lo5.
Yoxaa 1'aolhu land.srant incones declined from
El!s tn u and returned to El,s. ChosapcaKe i
Ohio cureonuy " fell on trom aa3s Il
] gt}s, circuit Western auc0uds fsoia lll,i
to III, Houston & roxas t.naEst Hue
nrs.s frpui III to liB, metropolitan
Elevated seconds from 0l to W!s Northwestern
goa coupons frola In u lsu!s, tlo cus,sols tas'
soutodl Iruua llyaa 10 ll3, Ohlu Ccatral Income.
from VI 70 SIX. ". Paul hrsts .southesa Stl1
ncsota pIvIstonl Gsom I'll u ll0.s, uaIon racEtls
sinkulg,f funds fryus 1905 tu lIl, 'cuntrA
l'aeItu lsta frou, llu.s u NV, hId Rochcsta
+ Itttsbus4 aneolnrs frou4 8us{ ~ ,6y
lrou Mouutain , t,rsts tArkasaa Nsauch
u4yauosd FROM III u lla.f. l.aku shosa cuuso!
slated coupon secouls Sruus tsl,5 tos Is, AD4l
& Ohlo fett tiebenturcs FROM 91!s to W, 10 sec
oua debuutures frou, G1h t. U11t, III third d.
benturea frum 81 10 d0.&. DO fourth dubtnturc
from bdss 10 60M, Norris & Essux guarantee
uonsols feou lj 10 lsI,i. Ohio y allssissIppl urst
spsluy13ld plyIs!on from IN to III. peoFls