Daily globe., 1882-10-05


and dry bacon, 1Sc; shoulders, 121sc;
corn beef, 9@lOc; sausage pork, 15c;
smoked sausage, 15c; lard in jars, 16c; per
single H., 17c; in kegs,14c; dried beef, 15c.
Financial and Stock Markets.
MORNING REPORT.
New YORK, Oct. 4, IL a. m.-The stock mar
ket opened irregular, with only fractional
changes, except for Alton & Terre Haute, Nash
vile & Chattanooga and st. Paul & Manitoba,
each of which was one lower. In early dealings
the market was weak. Prices sold off 14@11a
per cent. Louisville & Nashville, Michigan Cen
tral, Union Pacific and New Jersey Central were
prominent in the decline, but at IL o'clock a re-
covery of 1s@11s took place, Michigan Central,
Louisville and Nashville & Chattanooga leading.
Wheat dull, slightly in buyers favor.
Camp, manager Of the New York Clearing
House, says: There is slight defalcation in
one of the city banks, but so trifing as to be
hardly worth noticing. This statement was
made in reply to the inquiry whether heavy de-
falcation had been discovered in one of the
banks here.
The Evening Post says: This morning dis
patches came from Chicago to the effect that
there was heavy defalcation in one of the New
York banks. This started searching inquiries
here, but failed to discover any foundation for
the report. 1t had a temporary effect On the
stock market.
1t is stated that the late changes in the stock
market have been with three objects in view:
First-Acauisition of control of metropolitan
stock by Gould. Second-The establishment OF
closer relations between the Chesapeake & Ohio
aud Louisville i Nashville, through Hunting
toms influence in the management of the latter
company Third-The adjustment of relations
between the Union Pacific and Central Pacific on
basis more favorable to the Central Pacific
company. Actual gross earnings of the Chesa-
peake & Ohio for August, 1881, ,454, an increase
over estimated net earnings OF SIZE, ,844, or
Is per cent OF gross earnings. Increase IL
gross earnings over last year, Sl18,0 200, and in
net earnings, S125.0o0. The net earnings are
sufficient to pay full interest on the company's
bonds, including the currency. An officer of
the company says henceforth monthly net earn
ings will not fail below 500, 1000, and within
eighteen months viii exceed 100000. More
over, steel Tor double track viii
be purchased without Interfering with the
net earnings. Steel has already been purchased
to begin double track. The Old Dominion
Steamship company viii hereafter run four or
five steamers weekly to Newport News, as the
pressure OF trade to that port requires it. The
Chesapeake G. Ohio shares open strong this morn
ing. Allegheny Central holds up well on the be-
lief that the present managers are trying to buy
all outstanding stock, to be prepared for deliv-
cry in ease the contemplated changes are ef-.
fected.
AFTERNOON REPORT.
Money per cent. Prime mercantile
paper 7@9 per cent. Bar silver, S1.12%.
Sterling exchange steady; S4.S1 long, S4.S5
sight.
Recommendation.
State Securities-Inactive.
Boptls-Railroad bonds dull.
Stocks-After 11o'clock the market continued
moderately active, and fractional advance took
place, after which the tone became weak, and at
noon prices had declined 11S@1A per cent, un-
der lead Of Missouri Pacific, New Jersey Cen
trail Denver and Louisville & Nashville.
Morning Board Quotations.
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