, 1880-12-30
BUSINESS.
Stocks Open witt, a Nervous
Feeling, Closing Strong.
Money I5nsy-Icliof TINT tho Ease
Was Artificial.
Very Light Country Orders for Cur
renoy-Foreign Exchange,
Tht Produce lIarkeis lrtgn'ar-ln Important Ad
1anec Followed d Weak Opening.
Moderate Trading In Provisions, and Less
Doing IN Grain.
FINANCIAL.

Stocks onoNod with very nervous feeling.
1'ruphec1Ca that dgnstor WIS Mt hand werp freely
circulated. nnd cnused sutnt sates by ttmth
opurutors. Strlngcnny In money wns Expected
as consequence Of tho cnliing in Of loans by in
Bt!tutons which hnv9 lent 0.l call tho funds thoy
havn to tisburse In dividends. hut tho nvcnta
Of tho dny proved to ho tho uxact opro.t Of wllat
wna predicted and looked for. Stocks. after
weak opening. grew stcndliy stronger, and ut tho
close tho inarket was very firm. Western Gnton
WIS stcatly, advancing from 78 10 81. htd closing
nt e41s, gain Of 2sf. II was reported thnt
negotiations wore III progress between tho two
rival telegraph companies FOR consolidation.
but It cosild not DO confirmed. New York Cet,-
tai was tho feature Of business, advancing III,
10 15ea, and closing ycry strong ut tho highest
point ot tho tlny. Itock Island advanced to 1il,
solll down 70 I.saX, and closed nt 40. Mlchigan
Central t'uctunte,l betwoon 1874 mud 127S, clos
Ing ut tho latter fgt.re. 1.nkc Shore went up Il,
to 1875. Tho 0ranecrs wcre not especially
nctivc, but st. rnuf recovered from 1lsN to
1ts. Wabash preferred lost .s, to S77t. Eonl
atocks wcre AtronH, Delaware s. Hudson tcclln.
iug to t0;i, frutH g., and recovering
TO 0l.t; Iacknwnnnn rnn down from l08A to
1G7!i, closing at i0sA. Jersey Central inado 4,
to II. Union Puclilc showed Rrent weakness In
tho first quotations, running casy from 1l2h u
1ll3i, and afterwards selling up to 1l3. Omnha
preferred made Il, to 100A. Lake Erlo s West.
erit. after some Signs OF weakness, was taKcn In
hand and rapidly pushed up to AK, nn advance
Of O. Northern 1ariflc sold down to 65, but rp-
covered 10 G0A. Denver t. lilo Grnude sold on
from 8lid to B0ai, anu eloscd ut S3st.
At tho close tnonoy WINS easy At q Per cent, and
stocks wore bnoyNut. 1t was believed thnt tho
cnse OF tho money market wns artificial and
planned 10 excite buyiug Of stocks.
Lou!sville Il NASHVILLE. II Ia reported on good
authority, will declare dividend Of per cent.
payable In February.
Wnbnsh preferred !s expected 10 begin tho
now yelr With payments of dividends ut the rnto
OF pcr cent a year, which tt Is well known to
be moro than enrb,ng.
Alton declined x. to ito. All reports to tho
contrary Notwithstanding, there viii be no scrip
dividend on thIs stock, and no water Of any kind
elected Into II.
Thu bulls In Omnha preferred claim that this
block Ia now a permanent : per cent stock. II Ia
not dependent ou tho crops exclusively fur IT.
traffic, but hns MI Immense lumber business
Tho present market Is puzzlp to tho brokers.
Tho older md Visor they nru tho more they nro
ttlkcn Rbgck. All tho professional operators
havo seriously uhllorcstmatcd tho 1omand for
investment aeci,ritlea. The Insiders In Now
York hhvo bern sending cn,tstonary dispatches
TO their Chicago correspondents for 1ays, utlt
every t'ay they have hccn WRONG, 10 al,ruly,
howoyer, as tho public orertfRlo Tho market
will turn over or thc1r, no matter how "pros-
per0t,s" tho country IL.
Thu Following shows tho fluctuations of tho
active stocks: