, 1881-05-01

T. 4 sHORT-ITVED "REAR" DEMONSTRATION.
Special Dtspatch 10 Tie Catcaeo Tribune
. NEW York, April 30-Stock speculation was
to-day dull at Intervals, but in the face of tho
moderate business the prices Of the lists were
all higher The opening was somewhat weak
Under the influence OF bear" demonstration.
TIE effect of this. however, was shorr-tiyed, as
It WIS said to be assisted BY the "buils" them-
selves. In order to buy stocks. Soon afterward
general demand occurred which carried up
tho list, the advance extending to III per cent
Tho Granger stocks were conspicuous in the
upward movement, and these were followed by
the trunk lines and tho fancies.
"TlIE MARKET TO-DAY,o
said an operator this afternoon, :" hns been very
strong. Almost everything has advanced, and
the tone Of speculation has been good. The
elevated stocks have advanced on the reported
covering Of the shorts. Soma Of the bears huve
been buying freely. Thcrd1is a story of Il bill
to be introduced ut Albany to gain legislative
relief from taxation, and think there Is some
truth in it. There have been some changes In
Iron Mountain. The transactions have been
heavy, and THO stock fell under the pressure OF
unexplained sales- 1t subsequently recovered,
but 1t looks as though somebody had
GOT OUT IN 4 HURRY"
Lake Shore and Michigan Central have ud-
-vanced On tho report of the statement to he
made at the meeting Wednesday, and also on
the buying Of people supposed to bc identified
with Mr. Vanderbilt. Insiders say that Mr..
Vanderbilt has certainly been n heavy buyer Of
Lake Lag shore for week past Louisville Il NAsh-
vile his 1elt the effect Of reports from LuuIuu.
northwestern. after being quiet for II long time,
displayed Bomc life. and Western Cninn moved
up Il little: The decision Of the coal companies
70 work full time next week is rHrousIy
interpreted. Tho bulls say 1t means that the
coal companies are SO sure of their ground that
they can afford to let production run ahead Of
consumption little Tho bears say that
READING MUST WORK,
and Its necessities govern tho action Of tho
other companies. The agreement to work Is
made merely because the combination did not
venture to order curiai ment. 10 which tho
bulls reply thnt Readlng IL ruled by the ltecciv-
crs. that Mr. Gowen is with the combination. and
that ne will 90 as others do. At which the
bears sharpen their claws 0minousy and say
:. You're another" The Mobile 4 Ohio ftailrnad
in the Mobile & Cedar Point Railway, line from
Mobile to the lower bay. 1t is cIaimed that cot
ton eau be shipped 10 Liverpool from New Or
leans. viu Mobile and Cedar Point. for ono
shipped to Liverpool from New Orleans direct,
on account Of the saving Of wharfage aud
towagc-
"ALTOS TEKRE 1IAUTE,''
said broker to-day, " continues to be subject
Of controversy. 1t is well known that pool has
will DO issued Nay Is. and then you will see how
tho pool will operate. They are waiting now for
the effect on the Exchange on the new bonds.
The price Of the conttfon stock held BY the pool
will be fixed ut IS. The road Is earning enough
to pay interest on the new bonds: The pool does
not handle the preferred STOCK, because it can
not get hold OF 1t. 1t is nli nonsense to say
there is no pool and you will see lively time in
be In the pool, says the value of thn stock causes
those reports.