, 1881-06-22
Y BUSINESS.
Stocks Open Irregular and Weak,
and Close Strong.
H4avy Short Interest in st. Paul
md Michigan Ccntrnl.
Condition Of the Trunk Line War
=. Finances in Chicago.
Tho Prodnte sarttts SItaditr-Whtat Easier, bnt
Closed Firm, with Low Freight Rates.
Corn Strong, Being In Good Demand tor Ship.
monl-0ats Tamo-Pfoylstoas Irregular.
FINANCIAL.

Al tho opening stocks were wenk, md thBro
WIS spn1c pressure ct holdings fur anlc. Thcro
wurr no new rltmors, nnsi thu ta,nrkct WIS opor-
ntcd ot those that Ind hcen pr0vEtcd ly the Hos-
sips ur Inst week. III tho aftcrnoos, things were
stronger, nntl tho cAHrr1,Gse With which come
ssocks wcro bIst up Indicated hnxictynn tho rart
" tho shorts. At tho utoso tho Mnrkct was
strong, nntl renewal OF the t,ilish feeling WIS
evident.
It was announcc. TINT thotnjunction asked hy
Atr. williams nRainnt tho telegraph cottsoltla-
ti0,l hui 'epn tlismisecsi! Propositions are being
nude to transfer the old Western Union stock
lntu new. when tho y per Ccfat dtvilende necttlch
on the now viii bu paIl. .-..
4 large short interest Il outstanding III 81.
rnul aud Michigan Central. 10th stocks nsu
tuntlitX at prcinfun 1t. Paul ts virtually cor
ncrct. The p,lol In It hold 40,o NIT OF uf
tho common srock. StHnc Ut tho b1aEa Rre cal
culatIng thst tho lssi,e at &, U, ,0 moro ut tho
cou,Hlu sfrck will Gn,batFnss tho pool ant brlllx
ubunt II scycre decline in st. PAM common.
Wocrslloetrer Is tho hond centre OF the pool, and
hns 50 fur provr to bo fully attic tu thkc caro- Of
hlnlscf.
flntIrond business Is still being done between
Chicago und New York ut ii cents hundred,
l,,st M tho freight a4cnts rcfnsa to tnnkt cotl-
tr,lcts mUre thnn II tay Mhcatl. This Inst fInt ,s
very aIpnilcant. and does not ll'ok III II rail-
rnll mn9nAtcs loukcd forward to u very lonH
wnr. -,
vtcc.rrrsltcnt Tlllnghast, Of tho Now York
Central, Declares that tho Vanderbilt roads arc
ulnE II very heavy business, and thnt the
troubles between the trunk lines arc not
ut nil eersol,s, and may bo settled mp
Mt auy moment. President GArrett, Of the
I,attuurc & Oh!o, seems to le tho most lntrnctn-
,!e Ut the railroad kings. tic has Ht.flc demands
| IN connection With tho pout TINT Mr. Vanderbilt
us not been nbIo to yield, but Nil this may easily
tc urrnngut. Vice. President Ttnghast bays that
| thpru hus bccu no more trouble thla yonr about
rtcs thMn there hs.s usually Gecn aftor tile opu.
| ttiK Of navigation. tfo adds that crop prospects
nr' improving continually. T.
| Speo,,lnturs who hlvo bcen butting agnnst Il
dividend by canasla Southern havo begun 10
hrt'xe.
| 4 new program hnH been proposed for tho
1nanr,ering Of the Oregon Extension 0f tho
Union Paeltic. Ench holder OF 1000 shnres OF
Innn Pacific ia TO he allotted s., ,0x1 Of the q ier
cent hunls Mt pnr aud given ilfty shnrcs OF tho
| stock of tho extension ut pnr rs " ho,Itl5.
Vanderbilt, 1t IN reportesI, will tako possession
Of tho Lttkn Erie s. Wca,orn July OH " per
cent K.lHtNutcc. .
~ unc time during tho day thorn wcra aigns
OF realization by t3o.ill md his party. The Vall-
,lcrb,t SPECTATORS wcre confident Of rally.
Ontario & Western advanced. Waerlshosllet
| has let IT. out that this stock Will 70 somewhere
1,cnr ~ tbEs summer.
Northwest WIS tho strongest OF the GrnngGra
Thu business Of this rnuti Ia rery heavy. Earn
lnas this ntouth will efow m increase Of *H)otn0
Fuels 10 not sustain the atntG1nenta Mtely ~
freely nude tttt the rlrnatls are loslng t,LRt'
rcss. Tho shptnehta OF grain by rn1l from thu
Wcstern lnke and rfyor ports WcrG l.GH, "a b.,
during tho week ending Jttne II, against III !,
ira b,l for tic corresponding week lust yenr, hui
tho shipments by Nll-wAter r0ttteA wcrc only
jbi,HsO bl, uKalnst E.E3 ,1!4 last year, tho tie
crensu huyiny becn much ReeRtcr lIy water. lnte