, 1881-08-17
BUSiN .ESS.
Wall Street Depressed by the
Bad News from WASH
ington.
Efforts to Settle the Railroad
War Said to Be Aban-
doned.
Large Additions NInlo to tho
Short Tntcrest-I'innnces
In Chicago.
The Produce Markets Irregular and
Less Active--WeakneBs In
Provisions.
Whent and Corn Loss Unsettled
Barley Wenk-0nts and Rye
Higher.
T1NANCIAL.

depressed on RECOUNT Ut tho bud ilcwH Trotn
Washington. Deliberations Of tho unfavorabo
crop reports wore widely circulated. 1t wnA nss
serted tbat tho attempt u settle tho railroud
war hnII been abandoned, This combination Of
slrlfhruraGlc circumstances otnholdcucsi tho
bears. md lnrRo addition was t,,atlg to tho short
interest. Cntnmauk. kuehc. Could, eagc. and
Wocrshorrfer were nil sail to bo selling OH every
rMlly. The coal stocks wero supported In order
10 nuke salcs Of Lake Shore and Western Union.
WocrEshootfcr was sclllnR Denver 1 Rio 0randc.
Tho ninrkct closed wcAk
Chicago operators waro FREQ soliers nll day
yesterday, both for tho long and short accou Mt.
Tho Loul1on market closed with All ndvanc0
OF Il to per cent oil Amorcan stocks.
In railroad war or rcaco the New York Con-
tral ha8 somo advantages. atr. Charles Francis
Adams, Jr., toll tho Massachusetts Legislature
that tho Now York Central could give 40 per
cent advantage to nny ron1 that could be built
parallel to 1t, md could, at that, starvo It to
duatb.
III tho nnthraoltc-coat trado the. Ledger reports
tllat tho production continues large and tho DO
1nRnd gooL All tho coal- producing companies
are working upon full time, and they arc now
putting coal upon tho market ut tho rnto Of over
Il halt-ullllton tous per Wcok, bur tho demand IL
fully III, to the supply. Tho anthracite produc-
tion thus fur this year is about throo and one
quarter millions or tons creator than for tho
satnu period last year, but tho n,nrket IL tnk!oV
It ali, and tho August prlcus rsilc stoaly, with
worry little evidence Of my cutting under the
schedules.
Tho ltlaa tnat thorc viii not be large Import
OF gold unless our exports largely exceed our
imports III tho fntAro Is not hccoptcd by tho
Now York Tribune. 1t says this IL II mistake,
If, as tho London Economist considers. there is
MT unliqulhatcd balanco Of ulnny millions dMo to
this country OIL past trade. The cxcess Ut mcr.
chnntlsc exports, not covered by imports ot
s1t,tts yhIS1 flnt Nastn
and, after II liberal allowance for freight
money and for interest Ut securities hcld
nbruntt, thero would etlll l,u Il bnlnnco duo to
this country amounting to t,onrfy or quito as
mitch rs last ycar's imports Of specie. Hence.
f this uOuntry requires It, a. tatKo ntl amount
Of sroclo ns WIS ruccved lust year can bo drawn
from abroad during tho coming year, ovun II
thero should bc nu merchandise balnuco beyond
cnuukh for freight md interest, unless forctgn-
crs should SEQ lit to sell to this cotlHtry part Of
Its securities held abroad. At prcsoilt tho prob
ability ~ thnt Inore scc'irtics will be soi1 by us
to Europe ttnn will be bought by us from Eu-
ropu, Mud that there wilt bo d considerable How
| balunee OIL merchandise account In favor Of this
country. II 40, tho amount af spccIo imports
| will depend entirely upon our requirements.
Obull "a guitl by Nigolo," OF tho Sun, to have
| bc0n deferred by the recent unprosntsfng con1i.
tion Of tho stock market from bringing out SOW
| oral now schames that be hns Oh hand. One Ii q
project for II now construction company III Col
orsldo and Texas nll cut and dried, but he has not
como out with It yet. Tho Missouri Pacific con-
sulldAtion schUtne, 10 mitch talked about by hls
sycophauts, has not hcpn brought forward. He
tlocs not seem to ho doing anything elthor With
his mississippi barges, bis bridges, or tho City Of
St. Louis, which was 10 bccomo bis capital and
the ccntre of nil his Southwestern operations.
1Ic Is evidently nncnrtalp III regard to tho lin
mediate future Of tho market, and wants to 500
tho rnilrlnl wnr A1ttlO md TIM crot1- nr0aDnct8