, 1881-01-18
Great Strength, in the Grnngcrs-
Bull Leaders Reported
Selling Out.
currency,vFlowing Back to tho
Centre-Money Easy.
Tho Produce Markets Less Active than
tUsanl-Nhcat 1latlicr Weak
~ Corn Dull md Steady.
Provisions Tending Upwards, with a
Strong Tone In Lard
Meats Firm.
FINANCIAL


Stocks werc excited md fovcrlsh Burlington
& Quincy was tho sensation of the morning. 1t
drnrped from 1T to 18Th, ralying nlMost i1nH'c.
d!nteiy to 11t, ecliIng buck to 1T0E, md closing
nj 17l!S. It wis reported that tho Directors VI
the ronl hnd f|na,ty adjourned aIno die, with tho
understanding that no scrip or stock liridena
WIS to he t,.stle. Tho prluclpn lcTal aac!scr or
tho ronl is snd 10 harr decided TINT TO such
dividend cnuld be inadc without farfclting tho'r
charter rights. II this Is 50, tito ssockho!d.
crs arc In b,,d plight, rs stock dividend OF 70
per cent was lcrtarcd last ycnr. hut
tho most competent authority hero declares thAt
tucrc is under tho lnw OF Illinois no difficulty IT,
tho way OF alch dividend provided, first, tho
rnnd has actunl property against which to Issue
the stock. and. second, TINT sixty dhys notice DC
given In tho public press. II tho Directors wish
10 make stock dividend tho way Is clear. The
lion III tho path Is probably tho fcarof the Vest
erfi Legislatures, aud Congress- 1t WIS stated |
that tho Directors hnd voteA to pay m txtrn !
dividend Of 2 per cent cash out Of Inst |
ytdr'B business. and to mako III per !
cent tho regular unnunl return here
aftcr to Stockholders. but this could
not he verified Such investors rs hottl tho stock
express thcpsclvcs better satisfied without than
with Il scrip dividend. Tho raud Is doing nn lin-
mensp business, aud tho cnrnfngs anopropric-
tnry rpnls uclon1 to tho stockholders, whcther
Represented by double or single certificates. I'LL.
i,ols Central ran up TO f31 but sold bnck OIL re-
alIzng sales tn leo, Hook Island n,nlo III, to
ltsSii. After Burlington e. Quincy, tho chief tfi-
tcrcst ccntcrcd in tho Grangcrs and Canada
Southern. Northwest sold as bIgh rs l35, closing
Mt 1874, St. pan went up to l2i, rcact.u9 to
LEX. 1t WIS reported that tho stock WINS
coruered. Practically, It hns been cornercd for
over a year. but It is we'll known nmoug Wall
stre1t slncutators that the Now York Directors
have refused several Invitations 10 Join III II
bear hunt, md bavo declared Tint fsanythtng Of
tho sort Is attempted they will chccktnntc It
by doubling tho stuck. They prefer to have tho
short Interest remain. st. Paul preferred rnado
| g; to l;p.:. Wnbush preferred Iluctuntcl be-
tween 81 aud t2,i, closing With Hntn VI VI Mt
D3.l. Thu stock was worry activu. and Is bcng
confidently bought for pnr. One "point"
In circulation says 1t will gu to 100. In
tho coa stocks, Reading lost ~ to Io!.
| Jersey Central, to a8A. while LackA-
wanna made ~, to ll8 American Union tNnde
:a;, 10 81: Louisville t. Nashville III, to GA.
Truro was continuance Of tho heavy dcRl,n1
! III Ontario j. Western. which closed with gain
| Of III, at Wii. With very good buying. Carndn
Southern wis strong cars1, making III. to SSH.
Thcrc Is grcat confidence 1t, tho future of this
stock for so,no unexplained reason. That Vnn-
dorb!lt no longer controls the road there is cx.
cellent reason 10 believe. Northern Pueblo COLL
1non mado II. TO VII.
Ono Of the cons ptouous losses was Alton,
which wont OF 3!s, u 15o: Eric prefcrred lost
liz. tn frl. Manhattan i, 10 81: Western Union
il. tn lt,;.f: and Rio 0ranae III, 10,
rho ,nmps wcrc clcctriNcl at one time BY tho
announcement TINT tho lcndtn9 bulls woro BclI-
Ing out, There Is a constant exodus Of conRcrv.
ative mon out Of tho market, Most Ut those now
dealing nrc trading fer what they can mike by
| lumn1,,r In md out. Tho luutuations of tho
mnrket bGtray ITS feycrtshucss.. and a heavy
break ia oponly predicted BY many who believe
TINT It Ia lnposstblp for SO hot q speculation to
no much lonvcr without serious rcaction, Hut
orcn, ,theso tloubters look for ultimately higher
nrlcea.
m,, .,,.~-,.,, s,,.b,,,. ,va that c,ocn,u,,on
=. .,o s,n', Txnha t;.o y, cor,n,r eo,or,n a.cur.
Mn $1,000. .,s a. ma s,aa,. ,,,"rsnt nnu
30 ,..,' a $500. ,,a,,1, ~, .,,a ~ -,
49, so, st,p,,s .ah,rt n,,,
sn ...e'..,In, es ~. 49,, 49,. - .haso ,,a..
.." 'ehs, ,,a,,a'a T., hI,h". w.. ~ .,s4ao.
'ors ~ w." assas,s,,,.,a,,. ~ IT,, NM, vor,
1.s'... la".s,naa 49, .;.',a,ta, ~ =, =
.,p .o'e ~, ,..S "n..", ao aaaa ~ ~
Az "Gss ~" 'Iy I,,,,a" a., ~" s,",,,' "
INV eA "Ip s,..,,l, a,a,.'h,.,,s o.' ,1ea
NY: -. ~ spu'.''s. nsas"s ' sa.a
aey ~ n,e. ,nu s., smni H. ~ no',n,ns
m, . t ~. ~ a.'.. t.. w.
ea ;sn aau. an auu ~ Is,atn " w.,
'~.'. -" .n" ps ... ~ tr,, ",..'".i.., ..',..
a blanket of beautiful SNOW" all over ths
Northwest wo have In tho ground abou
| eighteen inches OF frost. 10th Of thca0 c0ndt