, 1881-08-13
BY Tlfj.1;fjlfApfI.
NEW Tj1tfE.

KlNEw YONK, Aug. 1a.-0n tho Stock Exchange
tho speculation wis characterized by Increased
activity, a,,d tho dealings woro soncwhat s1rilcr
lii tono than on yesterday. The buying, how.
over, was almost entirely for tho purpose Of
clusing out short CONTRACTS. Tho loading com"
mission houses report great dearth Of
business, and It Is quito safe to say TINT FOR
many yenrs pnst tho outside public hnvo been Mt
no tnio 60 ittto Interested in tho current spccu-
latton us ut present. One OF tho chief catisoa
which led to tho covering Ut tho shorts was re-
port Tint tho l,euti Ut tue aaHh conb!na tlon bud
gone IT. Saratoga to sottle tho trtnk-lnes differ.
onces. Tho report did not seom,' however, to
exert moro thnn n rasslng influence on tho mar.
kut, nud Ills not lit nll likely TINT nny rcat set
tlutnent will be arrived at Until tho Frcsl.
dents or tho trunk lines tnkcs tho mnttor
,utu tholr own hauds, and rs yot thorc ls no tnll
cation OF such purpose. Tho general llst |
opened tirm md In tho ,ltatsi higher. nnd In tho
cnrly dealings m nlvancc ranging from X TO ~
was recorded, which Wus most marked |
lii Metropolitan Elevated, Wabash Pac,0c, |
Northwestern. Luke Shore. Northorn Pacific /
preferred, Cleveland, Columbua, Cincinnati l. In
dtanapols, Now Jersey Central und 1T. Paul. To-
wnrd midduy slight rcnotiOn took place, which
wns followed by ,fruottonal recovery and
during the afternoon tho doa1!ngs Wcro IT.
regular md unsettled In tone. After tho scc-
oud nonrd tho speculation bccnmo henvy and
prices continued to decline up to tho close OF
business, tho Enat sules being Il 10 w por cent
iowcr tAnn tho highest figures Of tho morning.
The shares most prominent in tho late decline
wcro Hannibal + st. Josoph rretcrrcd, Pacific
Mall Denver i Iito Grnnda, LIKE shore, biiodi-
gan Contr1l, and Canada Southern.
Tho money, market worked quito smoothly
throughout the entire day, tho borrowing de-
maud beInB ruthor light nnd tho offerings OF
capital quito large. CRl lonns OH Pledge OF no-
crrtabo stock collateral sangod botweon *
dHf II 11Hr ftif n nj
figure. Tho Oovernnent-bond tacaters found
roady accommodation nt a02h per cont,
but mainly ut tho lover tigtro. Tlmo loans
woro quoted Mt .MQbih per cont. according to
data Of maturity and tho collateral. In the dis
count mnrket primo mercantile paper ruled ~
GtI. III atorituK exchange tho nominal! nHkug
quotations reiuAln unchanged at 40 for sixty
dny bElls and 4B5 f0r dumand. Tho mArkat,
hUwevcr, was rathor weak In tone, and real
business WIS dono ut somewhat lower t.gures
1saliroAd mortgagas woro stehdy on q tn0ler-
| Nto volume OF business. Eric consolidated Soc
o.,ls ntvancol from 1OcH to lGl, and roaotod to
1GsH. Texns Pacific Iautl-grant incomes ros0
from 8l1S TO Blst, und rcceedehto 6QA: do 1rst
so Grande Dlviston) fell oil from 05 to WI, ind
rnleA to OK. Wabash laciAo general ds sold
down from l0l.i to 10l, uud closed ut 10lM. Chi
onuo, burlington t. Quincy IS r0se from lolh to
l1s, Lake Shurc registered arsts from leo to 100,
Mobile s. Ohio now 0s from 1llM to lex. St.
| iaaA HAato &GoutAuAA "'"'4oso%M A'sta'o" AAo.A
| 1Oh tn 1liI nntl st Paul. Nfuncapol6
| w. "r 1nn -.
| elhHltouN uEats 1tuH Ieu 10 lA"s
EAusl8 & Texas general O. declined from OH 10
| rt. T,-.,t, r,..n,,,,Jn x..n..1 ~, So,
| vlMt AonlbsHte y NHsAsAld pelicFht " iFohi
1'alM 10 l0d, Mobile & Ohio second obcnturcs
| 1tou uos5 10 10. Alea''iF4 TAE'hu eu'teolS 4Foln
| 1{npl; to 1U1y<, Northern PRcnp frsa8 from lVtM
| ~, ~, u.ast, I,..m.,. 4 Lsu,u,,,liI. tu,.r,na
| 10 lof, fGnFIh, iteealue q ESAu1SHto 1hCtuiea
| frnm NJ tn 81, IUmp. W1tOrtOWn & 0x1GD0burx
| 80" ~ ~ - s. 1ts A.. op 49,. ,,..sn
consoildhtcn utatS 1FoIa "oIs u Nv uhlun ruu1Hu
t]rytR from 1l4t to iS, and do land KtAuta from
| I'm In ii-il - - ~
| AAS ~ 'N'a Il, ,ts rt,.s,.r,, A..a-,o,,t E~...
| Npw yr,,,,u A,,tr tEI;nvnr n,rrnfs stnndv fnr
| az 4 md bs aud j: tOWor for new Ia aud uxtcnd-
| cti IL "
NNilrond bonds Without special feature.