, 1881-08-11
BUSINESS.
Stocks More Active. but Weak
TIL The Close.
Strenuous Efforts Of Gould to Settle
the Railroad War.
First Eneltsl, shipment of Gold 10 Amer.
ica-Flnnnces In Chicago.
The rroluse Markets luegu1ar-pro,islcns More
Aelise. and Decidedly Weak.
Wheat Unscllled--0ihef Cereals Firmer,
Though Corn Was Vary Nervous.


stocks wcr0 moro active than thoy havo been
for several days. hit prlces shUwgl 10 buoy
nnoy till near tho cosp, when tllrr0 w,la n faint
rally. hut tho only i,npartant stock TINT tnnsls
nga!n IL tpeak Of mi the openinp quotation wna
Northern l'aoitlc. in which thero wos good buy
inF.
Tho rnllronh conference In Now York tu con-
slior the rnElroad war WIS tho engrossng topic.
lseporta wcro current that tho mucttng hal been
uhMblp ~ s,,ako any settlement, aud thAt
It Ind ngrced 10 Tx grain rntos, cast
bound. at 70 ccnts huudrod. bcgIn-
ming Aug. e. Commissioner Fink has not
yet made my ruto lower than ~ cents, thoitgh
cuts hnvo beon made below tllat figure. f}tit
no roliablo information that my such decision
has boon mado reached thu street ilnring BUSH
ness huuFs. In fact, the conference caunot
bring tho ra1lr0nd wnr to nn end. That cnn bu
duno only by tho flvo "bosscs." When they
wnut 1t stopped It will censc. but there aro se-
rious diuorcnccs between thon, not to DO ad-
1usted In tlny.
tako a serious view Of fthGAtruxglo between tho
ronls. Tho general adea has bcen that the ctit-
ting Of rates was only u fclnt or demonstration
by Vanderbilt and his friends to Mcguire stock.
and that when tlley had b1ught all they wanted
the war would suddenly be stopped. Tho fnct
ts that this disturbance Ia ons OF those brcnk.
downs which have periodically occurred lit tho
ulHLOEy VI lIG tAIlOuS jFOAl0S AlN Wlt4 TEEuC uus
I'll on the one hnnd their organization has been
mRuo more perfect. ind Until OF tho other hand
ratlroad men have acquired by sud experience
intelligence aud honesty enough to keep their
ngrcomcuts whuu thoy make thetn.
Jay Gould, 1t Ia known 10 a few, Is making
herculcan efforts, to arrest tho dtsintesrauon of
tho pool No roHd Is losing 20 severely by it As
tho Wabash nnd It's assoolnto lines. It Is cnicu-
lntod by those who ought to know tllat tho
Wabash oaruings willIecrcnsc$30 $300 U00 this month.
Tho note appended below 10 tho Inst statement
OF railroad oArnlnQs shows by whnt means tho
Wabash ls trying to mend lts exhibit, Dir,
uoud's rccont visit to Saratoga Is surmlscd to
havo been for tho purpose. Of pncttylng
Mr. Vanderbilt, but It Ia doubted whether bis Two
days. labor had nny result. Mr. Gould bus q
heavy lond to carry. and fools tho losses OF tho
cutting Of rates mora than any other single iii.
tllvtlual in the country. Mr.. Vanderbilt ID III
carnest nbOut tho fight. Ho believes 1t has boen
forced On him. nud that 3Ir. Gould With Ills
Lnokuwanna extonsIon to Buffalo aud other
schemes was wuik,nR around him too fast.
Insiders aro not buying Donver & Rio Graudc.
but thoy aro not selling. Thoy regard II ns a
euro per cont dividend paying stock,
Gould has boon heavy seller OF metropolitan.
II was announced that tho tlrst shipment Of
gold Tor tho Unltod States from 0rcat Britain
Ind buen u,ndo. 1t amounted to <5000O0. As
present prices are keyed up to gold import pltoh,
tho news had no stimulating eFcct.
Koenc appeared In New York yesterday as nn
ostentati0us sollor of stocks. ll0 hns rod In
pickle, OF mysterious nature, for Northern Pa
olfic, whioh hc has hcon solltne short heavily.
Saratoga operators wcrc bearIsL and wore soil
ing tho trunk lines and Wabaah.
Wall street reports said all day long that thoro
was great pressure to Fell stocks.
Tho highest and lowest prfcos with tho varta-
tons for tho day will be found In tho following
table: