, 1881-10-07
Money Fluctuntcs Between IL
. mud 4E Per Ceut, Closing
-. Mt u.
Advance in the Bank Of ENGLAND
Rate-Finanoos In Chi
\ cag0.
Tho Produce ,Iarkets Attire atl lrregulnr-l
Firm openIng, hut rrItts Iu>qruiu
Full lleasily Later :,
Largo Offerings Of oclobor Corn, and shcA Longs
Supposed 10 30 Selling out-This :,
Weakened Alt Else.
FINANCIAL.

FINANCIAL.
H
stocks wcre very active, nrltl prices declined
under the durcss Ut tight money tilt the lowest
prices weru lunua TINT huve been rcnchra for
some weeks, Atpucy tl,lctuAtc,l between l-'G
and II Of per cent PREMIUM. An Advnncc to
X uf per cent premium WINS Threatened. l'tlt 1T
the clusu tho rate bud fnilen to pcr cent. III
tue lust huurs tho stock market lHa,!c sharp
rally, nnd Rnal quotations showed IL good re-
coyery from tho towcst prices.
~ be seen again as OH tue preceding aAy. 1nese
they sbnw tiut Investment stocks have rruchct
n ,,n,r, NJ, rnrt,.t, tn Houc ,,uye.-.
-. .,a .onr.
1ncse ""s "'r n't'. ".,,, ha,..,
hess III t'o 'at'ue| ,s ..' s.osAo ., ,,''..s.,o
!ac'l'ss Ius no.m.' '.s. .',,,,." .,,'.ir
WIN Hn.o" p.upo .u -. 49, n'., ,h"t
'".cu Wy ~ ', .A1 '"..s'" .'.', s,..t.s,,
fhnat'N WI ""'a ',,.,.. .>' n...,,,,.l,. n,i,,,
.n" ~ ' IT,. s,',,, t., .,,.,r,tht,,-
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aoN y. ~ ~.a. u@ .s ,on,I
~ ~ :" ' =. sh,, ,,,a t.",nav,vot" ,,t
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" w" l"s.aas os s. - :. - ~ ','',',t. -, n.,n.
.,,.... ~ ~ ,t,''. no ''' Nv 10 NV
p',s' ~ = tAa'. ,,.r,,u..,., .h,. ,,o ,,,,o
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,",ns.',,, py1 stn,r u ,,t ,s,,,tos ~ mi m. ts
i's'., 'm,., ,n, ,,,,,,, ~ ,rr.. T., hr,L st,nk.
cnc' 'hto tns "tne ~ "'n. 49,, I"m ,., .'s''.s
~ H.. w a.. ,',,rah..,s ~ ,scunw NM t,avr
~ " '''' ,l,,.a..,s .ta ~, '.,,ar'n,1 ~ ,n1ian.
ihnu, e"'"n0' ,,,.'s.0.,S.. ,,.a ,,,,,,o,,, ,.t.,
np"l's "tt ,'' ,,. ,,',. s ,..., ,,.a,auo, ,.,s
-. o,J s.,,',, -, ,,.,,n i, stro,,v"r ri,
Nv , ~. - W 80 .' .'r ~, s,,s
se" ~, s' .,.,,. .,,, .'a..,, ~, ,,t,,..
soa' ,, IT,. a"n W ,s, ~ w,,"rhtit 'nts s,s',,m
W .au .ha, ,'nr ~ n.r,'.,,,s anil ,,ot
i,in ihu bridge that 1t might be uspd fur 1'u!L-
n,tis E'nlAce-cnrs. WHICH, II Certain l'!Als tur
fnp1 tfainst! t1at hrG ~" Nv ua"sn WY @ ~ E1,
Tne nln., IL II, s,tIr. trims frt,u, tic Srw Yurk
central lstn.tl through l3r.a'kiyu upon tho OLE
| rutvtl track And uVcr t1o br!u9e.
The stock market. the Herald declares. IS
| lonlel down with millions Upon mIlllohs or
bonl1s stocks. construction cosnpalIy "rights,
md other evidence of Indebtedness thIs ctsl!'i
not be transferred into hara easn at ht'e'nn'
their quoted yuluc Until these securities, or
insccurItcs, good, bad. Hid Indifferent, nre
| brought duwn to Il level I1'ore neitr!s APproxl-
mating their real vahe than Is tho clse tod1y
the csiai!ces ior the nli'cli- -aessfca "noofh a'e
| III tho .ilIlHlest OF distA!eca.
Ono OF tho weather sgns oF tho iinanc!al
storm of lB' wRs tho cor,stant cry OF tho sp':c-
| 1ntOr for help frGtn the Government 10 cAse
the money market. This ueRan III lh'l
nnd kept up I'LL the clouds burst. y similar
cry h, KolnK up nuw from Will Street.
Mr. GUt,lA's brokers and his newspapers nrC
specially loud In tho urgency vi thtir nrgti'
1uchts md nppcns for "money," "uin1lcy,
"u,Uney," from tho Treasury. Two yr'trs s9t
tyl.,tlcy WIS Il drug. Snw 1t is tlellGAcy. Tht
nbse1lce frotn tho snGrket OF tho incnnsAlerAo!t
comparatively Observation-Disclosures thnl
furry Ia tho Treasury r'l'ches the swollen spec
utatlons OF tho dug. 1t Is hot Kood slK'l.
Louisville s. Nashville bus tlotleled Its stock
f%tt II pltrfkt1
lcnd paycr on this twofohl capstul. Yet tn 'ht
pust year of unexatnplc'a prospeFty. Ut inodcr
ato Operating oxpensca, and high freight ant
passenger tarlffs, tho road hls earned Rl,rpln
OF only {@jA, ,ED.0S over more than what ~ icc
cssnry to puy ull chargts ind per cent 'l!vt
dcn,i 4 si.gto torrlb!e ucci'lcnt llko that II
ABhtatllia, d shortage Ut crops. railrond wa
might Cit tho earnings down telow thu d pt
cent dividend point, and 1ul3ht cut o6 dividend
MltuKether.
uOld ia now bclun absorbed BY tho intcrfo
very rapidly. 1t In moving south anu west tro
New York In volume fnr exceeding that ut IN
corresponding time. For eight Or nlne ycars
Chicago uankers' ado report their s.'s3''nons
unusually hcnvy. The donlu1,a from tho co'!tl
try 10 from nil dlrectons ind for nil purposes.
Thu Mutunl Union, tho nosion 3'ftsnscrt,
sayy ls ,l,ss receiving enough from tho rental u
prIynto wires to nay tho Eutertst M Its bonds
Evidence OF manipulation of tho New fora
louu lnnrkul n seen ty tho i'st III tho fAct thu
a!thurzh tho Sub Treasury dlsburscd $4duO.U
IN tho llrst two duys of thls week, rates II
! nancy romaln stltr. II suys thorc are excpllcs
reasui,s why ful rntos for ioa1ls should rule It
!, | the next few weeks lUtess more ,lluley thAlI
| urptnIsvd IA 10 come oslt Of tue Trensury, hl
wt,an well OIL 10 f5,0N,UNI eotnes unt ot tn
, Treasury In rwo days. rates for tuans should /
lpust mt ndyuntc. \ Washington dispute
stutes TINT, Notwithstanding the nllexttl srllrglt
: OF lnuAey, there hFe osef e4o'ooo'"u vi ooH'
t.nllp and dur. for which the rl01tty IL AWHtt
u | ~f3''-'. ''fT-