, 1880-12-29
Stocks Active and Excited, with On
Many Losses as Gains.
Money at a Premium Of l.i6 Per
Cent, Closing Easy.
Foreign Exchange Stronger
Local Finances Quiet.
Tho frodutt Markets Hort Aet1yo md Irregular
Prices Ad1antcd Early,
But All Turned Down Laicr; and Wheat and
Corn Closed Heavy.
FINANCIAL.

FINANCIAL.
Stocks wcre uctivo md excited, ami aftor tho
first inortltnR hunr tho al3,ls or tho market
seemed To point 10 4 continuance OF tho general
advance. Ncw Turk Central aoIt Mt 1Sl.:, Luke
n. J;f7il. Erle ut 6l,t, WnbnRll ut iH.f, Kansas
J'cxus mt ASH, Luck nwantln at IOH.;, Jersey
Central Mt 81. md Central lnc!!lc ut M. Tut
heavy snlrs IL rrn1lzc pru(tta proved too much
for thesn prices attd nt tho clnse lownr rnnHu
Of quotations wis established. As tho result
Of tho .lty's operations thoro wcro os
many losses as gu1ns, nnd huho IF
tho inter wcro eonsstlrrablc. Northern
1'acIt1e was unusually ncilvr, and runcied 61,i
for Tho preferred. cl1atnr With ynn or 1ts Mt
en. Cont stOekA Wnrb Il linw fenst1rc, md A,l
n,ntc gains, 1,acknwannR going up 4, t" Nlss:
1a.ckawanilH Il, 10 1o73: Rendlns ial, tn -; an
Jersey Central IT, III E:T. Western unInn
il,sctunted between 19ss md 7s. nni n new Ehurt
Interest is being created 1T anticipation at a
vtulcnt tclrG.strh war tlHxt month. when tho
A1ncrjrHM Un!rn Will l,nvo inrgo ntlnlher Of
new wtrea opened to Chic.iEo. A thoueard
1ntn Aro now ut work putting ttp tho
wires n,sl pnlrs between Ch!cnyo and New York.
Conflicting reports ubuut tho Burlington &
Quincy stock dividend wrrc III circulation. It
WIS reported Mt first tint tho Stockholders llatl
postponed tho whole question I'LL .1nn.B Latter,
1t wns nnoutsrc1 lint tho Directors hnh been
authorized III tHnke tho consolidation proposeut
nt,d 10 ISSUE new stock OIL tho roais nltsorhcd to
such TIL nnlosnt ~ would cuvcr tic cost Of coll
strncton md equipment. Tho Directors imny,
lit whtther tho Directors will IL still ~ ln As-
certasnetl. Tho stock declined s,s, to Ito, after
selling Mt i'7af
Tho dividend promised in Delaware 4 1l,!snn
Is 10 hc pissed, hut a largo holder yessers1ny
bought hnck .,c00 a1arcs tutt, whcn the fnct Of
I'm dividend was ilrst tnndo known.
Alton lost III, 10 100; burlington 4 Quincy Ell,
R..f a
ME: St Joe TX, to 40, tho preferred l. to 1(k};
t'actc Aail III. to 40.{; Manhattan tx, to 3i.;:
Atlantic & Iaeifac 2, 10 IL: Tnxas Centrnia, to
II; md Central rnclflc III. tn &a1. Thore was
III tho Inst stock ovldcnco Of inside selling Under
cover.
Northern Pacific rroforrcl mRdo II, to O.:
1.nko Erie 4 Western ]. TO BsK; Ilcnltng 1a, to
81; New York Central Il. to 1G04; Michigan
Central u, to l.i!s; Like Shore ~ 10 1Jast; Eric
| ii, to O's; Wabash preferred Il, to s7h; Unlon
I'aclflo !, IL llassss.
Money was reported tittlo stringent in Now
York In tho n,nrhlng at Lilo Of l per cont pre-
mlum. but In tho afternoon no complaints were
heard.
"Tlle Gould syston, Of roads" ts a rnror.t
fraso nowadays. The Public lovotcs MI inter-
eating article In It's Inst number, under tho Tito
Of "1ho Nnco to Mcx!co." to tho Gould comhlnN.
tion Of rnllronds. which It calculates now con,-
| rrscs 10,577 milcs Of routl. Mcnnwhile Mr..
Qonld hln,sult nssurcs his friends that ho owns
no stock. except solno III tito
Iron Mountain md como III tho
| Missouri rauIne. We hnvo tho best Of
nuthority for this statement. Afr. Gould declares
TINT ho Inns converted his holdings into cnst
| which ho means to hold on to. 10 is printing
stocks aud bontls 10 sell to tho public but keeps
| mono OF thom himself. TlIs IA In keeping with
TIL tint IL known Of Mr.. Goutd's previous cllar-
motor and history. As compared With thu stcntl-
l