, 1881-04-28
BUSINESS
Stocks Quiet, Closing More Act.
I've with Large Short
Interest.
Manipulation Of the Elevated Rail.
road stooks-soheme for
Consolidation.
Texas Pacific and Iron Mountain
Finances In Chi
-. CNyO.
The Produce Markets Rather Unsteady
with Quietneaa In Proviaiou
Circles.
Higher Prices Prevailed Farly, rallowed BY De-
tliut-train Cloyed tasy.



FINANCIAL.
stocks wcro very dull. Tho manipulation of |
tho Elevated ltailrohl stocks Gnve tiie tttirkot
its unly litc. Toward tho close Of business
TRANSACTIONS bccnlne n,nro active. AMI tho pres-
once Of II urXu sh0rt interest male ftsHf felt.
Tr,tuk tuu stnolss woro dcprussed f'y reports
or serious opposition 10 tho mnintonnrc0 Ut
freight rates, Tho street 9ssip credited
Vanderbilt with purchases Of Lake Shore.
In tho Southwestern alOcks there was not fs,lct
life. except in Iron MGuntnn, which alla,'o n
slight alvnt,cc. Tho ciTnrts III ktnd'a trccl,ta-
Lion III the southwestern fMncics do not seen to
bu mitch uf II shecIss TUxus paclllu WIS ru-
ported to hive 1nught tho lrun Mouhtalt,.-n
cicnr case, II II bB trua. Ut Goul0 cut Gt,flh.
Attn0ks wero tnn,lc hy tho bears on Texts fn-
ollie, but Mr. Gould tuok NIL tho offerings. Iron
Mountnll Stockholders wcro entl In l'o selling
out. Tho QnlIll combination Ia perfected ut
| last according to rttlnur. us FAR rs KAnsAa d
Toxins aud Missouri! rncillD nrC conccrlcd. rrlces
wcre kept nR!tatcd within narrow limits Dy
/ conflicting rprNrts ahuut the tGrlns Ut tho ot,t-
suldaton. Tu.luy It Is Iron Maintain shAt In
| reported thrown out, Tomorrow IL nlny be
| Knnsas + Texas.
snn,uel j. rlllcn seems to DO one Of tho
! wrcukers ut work on tho New York Elevated
Itarouds. 1Io t,ns within tho lust month sotA
| 81 OOOUOj Elevated tslllrunt1 bUnls. Wall strrot
Rosslps circulated the report that 1tussoll Sago
| WIS offered tho Presidency uf tho Manhattan
md el,ut he wpud ncccIt It. With re4arl 10 tho
| mai,!rGlnsion ut tho Ecvntuds, Day s Fluid sny
In tfoIr ctrcdlnr:
''Tho owners Of tho Metropolitan Company nrc
working for Il drclln0 In tho prico Of tho Etc
vNtcds III order that they ttlay obtain control 1T
tho Now York Elevated, Tho st,tumcut pub.
lIahcl us submitted to tho Cuntr,ller Is ut least
| subject to au cutlrcly different construction
fr0u, whut nppuars un its faec. Tho enr'lirVs of
| tho Nu,y York Elevated nro worry lutxo. We do
| mt boeyc that the MctropolIt,, ugotlo cut, OBJ
tui, control Of It, u4ia think thu, ut yesterdays
prices, or Qys,l ut tho close tu-siny, 1t Is n ptlr
thn.r. FtniIlur tint they tn,,t,ot ret control Of
tho Now York Etcyutcd tho Metropolitan people
aro likely to uurce tt, consolidate md ,nake
Manhattan uumtnon stt,ck puntltng this, how
| uyur. thuy mar default on interest," us tLoy huvo
utnnty ,,nys to rpplnirn tho tcAsr.''
Iyeaiers In atoeks will rencuttcr that In tho
Rum,nrr or 1Ys1 the c.nBnlilation ur Sunhnt-
tan mid tho Eloyutod Nuw York uud ,lctropnit-
tnn E,,,npunIps was strongly nrzc,l. a.,u that In
A,,vuet M arbitration was instituted TO dotor-
mine tho tasls or, which tho cosol,a ton should
t,o u,nde, but lta pcIsk,n did not meet tho up-
| prcyul OF tho companies. ~
Tho Sun pubIlshns story from Albany Tint
tho ,roso,,t depression In tho Eluvu,od 1tnron.l
stu,ks Ia f,,e IN the onerntior6 ut II synd[untt,
formed for tho nrriose or nlrogntIng the pros
Ont lcuep of ,hu AtuutNtta,, Company, reducing
tho dividend pald tn tie New York Elevated
and Mnt rotn,tan II, O ycr uott, autl u,towje tho
Aainf, a,tn pf ,lIy,,.onu 10 tho Mn,,hnttun COM
Anunytlo nj r,lt1s earnings tu bo divided esilnIty
netween the three roiIs, Thcro is prbbnbiy no
trutt, In this. hut it IL uuitu .llkply that whon
) C,yr,,s W. Field ror,,rps houic, whius, viii he
ui,o,,t TIM middle Of next ,npnth negotiation,
,y,,, ~, nncnod for i, cons,,I1nt,on on o,ho +
tnrms,-snv Nav Yorl; stock tpus, METROPOLITAN,
NJ rh and Mnul,nt,,n ut n s,,,nll uotu!nul prlsr.
1,n,,is orn h,,vJnv Toutsvlil, 4. Nnshvt,ln md