, 1881-10-16
BUSINE ESS.
after AT E.i a Weak Opening the Stock
Market Rallies.
' IN -New York Still Below
Their Legal Reserve. q
'eavy Chicago Shipments of Cur.
rency-Finances Here.
''e froent' harke1s Fairly lcire and lery frresa.
lsr-A Decided ld,aaee, pue 10
Slormy Weather,
op' Inc Leading Articles Fell Back sharnIv
and Closed tearIy at Fridays
Latest Prices.
FINANCIAL.

olocks opened weak, with ats- attack on tho
e,'ah2crs. ~ Atone time the ,nurk.t lacked s,ff
lug 'tppeaf'lncc OF Il bunk statement }ess tavnr
"'1 'nf'ti aau oeen expected, aud showing tho
'a'hs u ~. ssiu nearly $.0t0uQ1 below the,,.
e1A icseF'c- gave the nlarkct u slight shor&s
WI to's soon passed OF. Prices recovered. ana
at sae eacse the 1uarket wis strong Mt an nd
'a'ee 1or nearly everything.
although the banks arc bclony the,r 1o,,, 40.
-. t'er 'o apprehension SEEMED to be felt tt,
al street thnt MONEY was Il, he sc,,rc, ,io,,,
treasury disbursements arc expected tl,.s week
1I1u several millions Of gold arc looked for firm,
'-orope. II Is worth notice, however rhat in
ses1cfnaS hank statement tho deuosi1s ..]ex
el'ncd over $1.thN000 more than their ,lcn,sI1s
!. s1tauraWals This shows while tho banks ar,,
contracting their loans, Gcpositors are drawing
aown their balances still more s.1pIdly
- Up 10 ycstefsiay noon sGo}D,Oo1 Us nad been
received by tho Treasury for redemption under
the last circular,
=. Money has been nladc much easicr in Ncx
1ofk by the arrival OF large sums TO be oaucd
iof outside National bauks. New York savings
oahSs' and private capitalists. Ensy money for
thirty days IS now predicted.
Jersey Central. It is said, will puy the interest
on the if1cotnc bonds in November.
hul's in stocks look great way ahead, They
art no" pointing 10 tho excellent prospects for
'A~+AA 49, 1AAa'o!-s A11uIstAas ana C0I04 lltS
be felt in the railroads business Of 1855, pro
Fided, OF course, no intermediate disaster oc-
ours
PRESIDENT Jcwctt. of the Erie, has been en-
1olncd by Mr.. james MclIcnry from voting on
LIEU shares OF Cleveland, Columbus, Cincinnati
y indianapolis, stock held by Jcwet1 rs Trustee.
tannda Southern Is pointed for 4 risc 1t ii
taxed to tho utmost, a1,d has been 50 for three
months to do tho business brought to It, 4
dividend in December is said to be I, possibility
indianapolis, Decatur s. Springfield second
mortgage bonds arc cxchancenb1e Nov. 20 for
preferred stock TO tho amount ut the fucc Of
the bonds. Holders will also t,btuin new sccouu
mortgage bonds bearing ) per cent in payment
Of u Per cent back Interest on the preferred
stock. These bonds ut present prices cost =,
and are said to be worth 50. The earnings Of
the road arc increasing rapidly, and it Is ex-
l,ccted that tie Wabnsh will absorb it.
Earnings OF the Burlington. Cedar Rapids & |
Northern Road for the first week Of October |
were S;k.1i. an incrc;,sc OF SG,516. The earn- |
lngs Of tAs Union Pacific lsoul for the tirst ten
days OF October show un increase Of s.,s3, 500. !
The Wabash earnings for tho first week Of Oc-
toacr were FIN ~, tin Increase Of $1o514, and
from 1an to Oct. SO, 40, lG., an Increase Of |
$1,ba, ,0W. Estimated earnings of the Illinois I
Central Baitroad during September were Ssly.-
no. Of which SgiH,t;i3 WAS from the nAin |
inc and $1ni,94l on tho leased lines in Iowa.
fotal FOR corresponding month last year, SSN,-
III s:ll.:1i. T..
The following shows the fluctuations Of tho
!