, 1881-06-29
STREET TALK.
THE STDCk MARKET WEAKER

:. L j. THE SrOCIs 3tA1lKET WEAKER
:. - 8ptetal 0tspdteh to tbs Chieaao Tttbuns.
:; New YoRK, juno 23.-'rhe stock market
!: has been little more active and decidedly
! weak to-aay. It opcned with prices shado
, higher, but the improvement soon changed
!. into q decline, from which nothing was cx-
!. cn,pt;; The telegraph, stocks tave becn
:, weakcr, and the coal stocks have been
!; vlciously attacked. The great topic Of
I discussion has been whether the cle-
: vated roads would pay their July
dividends. Mr.. Navarro said this morning
! that tho Directors had not decided
:, whether to pay the dividend; also that no
money had been borrowed toward the pay-
ment Of tho dividends. Tic project for n
consolidation OF the Now York, New Haven
d Hartford and the Nex York j. New En-
gland Roads seems to be gaining ground.
Under tho existing pooling arrangement tic
New Haven Road will nay to tho New En-
GLAND Road this year about $500, ,o00. A.
saving Of S50.000 n year would accrue to the
Now Haven Road by tho proposed consoltda-
ton. =.
THE SOUTHERN RAILROAD sYsrEM
+; is pretty generally absorbed by the Louis
| VILE s. Nashville, Georgia Central, Richmond
Il Danyllle, and the systems controlled by
: the Colo and Erlanger syndlcates. Thore Is
, likely to be n struggle between these corpora
tions for the ascendency, but, IS the country
Is rapidly developing, 1t Is generally believed
there will be profitable business for all.
]. Ytce-Psesident Thompson, Of tho Chaso
National Bank, said to-day OF tho financial
'outlook: ~ SEQ no signs Of q panic.
and do not fear any great decline
in the market: but think prices arc high
enough, md TINT they will 20 Of little.
.As far as my acquaintance goes, there is
disposition to sel1 fathaf ta 70 oHY r. ,ao
''1n accordance With
THE MOVEMENTS or THE NANKET.
A decline Of per cont on sou1c stocks will
snake i them agst, pa1els;se Tlis xs.tot otaefs
the mo1e cautious spectators will Vonturo
to touch them."
~ uliderstana" sala !, 9foker 9f i iioHi1Iay: i1a!y:
"that the freight agents OF the drunK lines
le!d Meeting At G,uit'tl lsslo3ef, hlnk,s s. olie1 @
o !" busIusss M was deeis lsi
that each of tho agents Should make Efforts
tor the strict maintenance M of , Wcst6oundd Pound
rates, and that me commissioner shoNlu
Ing all traffic that was obtained by cutting
rates from any road welt Of tho trunk lines
detected i. cutting: 1t was show! that thu
hus!ness during May md June, lSSi, WY
lust year, ind that REDUCED rates would not
be likely to inercase tho business,
TIE sIruArtoS wAs ESrInELY DlFVEnEN'r
from tha aast.ho,,nn buslnrss. and the cl,t-
ting OF rates co,iI.l only result il: Injury to
fha rnarfs jndIt1rtnv Il, II. tt'hr nf}Icnrs ri
v"ifsnnT nnnI nnt,}ex Wnncra1jv ttanv knnwl.
cdge that my cutting f,as 6eUil d0Ju.. :. -
To,1 T.. il. Uaverrnux, who was at tho
Ii, tho West wcra III d cilnotlo condition, hut
ha nnrsonniIv Know Ut ,,u CAfcago eaHtrartl
freight coiityncts at less ti,an il cents.
iIis ow,, rua,ls, to tic best Of ills knowledge,
Mr. lt,,sseW SaKe sMid ttrtiny: H;rho
recent sdccllne in thu market l,as BEEN
caused in port BY preparations for The July
tw3a,, sUj. .oW did $4,000. .8W III Interest
md diyiinntls. Therc I,,ls baell
Irrr,r nrst,rn1sTxrxr
Ltt.s .,. n.on.aorsi .e..so... 'n.,'a h., nrx
van!erbilGs 1oa4s TOT ne PAST winter aIa
sptthe, Whlc'l, ~ y Wet. AnoMM. waso " Wy Il.