, 1881-06-03
Good Buying of Union Paciao-No
Dividend on Canada
6outhorn.
New Transformation Scene tn
Western uniOti-EinanceS
fn Chicago.
The Produce Markets 1rregular-Lartl
Rather Active and Weak-Pork
and Meats Tame.
Grain Ml1.-A Shatp Decline III Nheat-cosn
Si,uay, with Free shipnsnts.


Stocks ncro not Netlve, llttt wore tCfy sffonRs
NH, the mnrrnient nj prices WINS upwhrd. Tho
public aro not lHtyluK freely amt operations nrc
Utmost ronncl to professional spccnlntnrs.
Very fosp new vcnturcs ARC being mndo an tho
brnr sc, except liy tho room traders. -
Tite important secret - now n1tdo pilbile that
NJ. u0l1ld hns ohtatncA In Now Jersey n chartcr
for telegraph con,phnv, nntl Tint u lilo de-
ulSlon In tho pcndtng Western Un1on iifaHntlon -
tnfnvOrnltlo to him he Will hl,y or fe0se for
hts now Company aii tho property and frnn-
chists Of ti1o Wcstcrn unTnn. American Union,
and Atlantic & raofc. III this new 'lchE the Oil
Wcstorn UnUn will rcoelvu 1iB.t OF tho new
stock for 1t0. In this wny. rho eHTt etnhnrr1lss.
lnents that aro now being thrown III tho way OF
his consolidation will be avoided, md Western
Unon sl,ockholdcrs will get their scrip dividend
OF 4s,t despite Mr.. william, williams and Rufus
Hatch. ......
Union Pacific IA being. bnnght by tho Vhndar.
hits and other gnud buyers. steps nro beir1g
taken 10 perfect thu scheme for tho incrcasn NJ
tho capital atock tU 800, ,000, ,, which will enable
tho Company tn pay of tho stosOo,0o0 tuv tho
NDvernmtnt+ This Wilt bo t!ono In four tnstnll-
,ncnts. Tho Company ts now earning 1ih per
ru,,t net. IT will DO nblu tu pay I per rent
dividends on tho new stock and snvo largo
amounts OF funded Interest.
No dividend was declared on Canudn eouth-
Crn.
snRc Is talking bu,tlsh ngain, md Ia selling
nuts close TO tho market. ItD Ia not beloved tU
I 10 carrying my 'argc a,no,,nt Of stocks.
Gould wAs reported to bc SUSTAINING tho
| Southwestern stGckE.
| The Elevated stocks wcro better on n report
that Cyrus W. Field had ohtntnch control.
| Sticks or tho rUniIs gui1H mo the Louisville
& Nashville ayston, aro bcux bought b. strong
people. ,......-
II Is reported on good authority that tho Lake
ahnra IA unable to handle al tho business Of
| Eercfa It,
The New York Tribune points ont TINT tho coat
combination, which lives by restriction OF pro-
tl,ctiou, 20 that small pro,lnat should pay tho
| interest, roynltLuA, and rcntn!s OF II loitr-fOtl
capacity, hNngs ai,Iy by II slender threMl: Antl
that tho Morrls s Essex for tho ycar Bs0 has
cost the Delaware, lHckawanHh i Western Coul-
| pany $1,Ot3,4l7 oyur nnu ub0vN It's net earnings.
Tho Now York Iier.H is very 6esrta!s nloat
tho stock nnrkot. H,nlc itlca Of tho nrt1fctaltty
of tho recent advance, II snys. Is bcE|nufng tu
Impress itself upon The mind of tho NveraEc
OPERATOR with this result: TINT II stocks aro nc
sutc, they Are ut lcast M purchase, anu that ths
purs uf prudence suggests keeping OF "ha1lti'
on" both ~ to ttitfinE upon tho short side q
tho long. Our own notion, without rcKMrll tt
Mr. Vanderbilt, sir. tin,,ld. or Mr. Anybotty Else
Is that tho public Is chock fill OF stocks, th.t
hns little appetite or cupaclty for many nlorc
utll thAt tho prpcesa Of dtsEnrEtnH Ii much nor'
like 10 0ectir ikan thMt OF Il further absorption
Tho Graphic thinks the Hannibal Il st. Josepl
pool will not mike, grcnt SUCCESS Of its pscsen
opcratioas, snco the" short " intercat Ia f"un
to l,c lnrHely tsnngtnnry, ll0t exceeding, 1t
suld, Mt tho outside cst!nnte ECO shArcs, aud
ls next to impossible to lind buyers for tho com
mon nt anything like present prices.
Adviccs frOin California nicnto no improve
mcnt In the ncnoeNt condition Ut tho mines. I'll
agricultural intercsts nf tho State nro In A mos
prtmp9spus condition, trade II bslsk, and nsonc
tksIk fn~I fa 1Utt