, 1881-05-12
BUSINESS
Stocks Active and Strong-Bears
Getting Discouraged.
Reports Of Imminent Strikes on AL
the Railroads Used With
out Effect
Market Closes Strong-Finances
In Chicago.
Thc rrodutt Markets ftregu!ar-0rain again De-
pressed by Wntm Wtathtr-Ftelght.Room
Tor Wheat Wanted.
Provisions Very Woak-Lard Active Pork
Quite Dult-Hoss Steady.
FINANCIAL.

|
Rfocks wcro carried asong without my now
Tho rise III per cents. which wcrc
so,d at l17t, IL tho straw which ah',ws tho CUR
rent OF cnp,tal. Tlc hears nre becoming dis
cournnr,l. Cammnck Ii repurtcd ~ hnvh satu
tNat willie he thinks prices aro too high. tboy
cannot bc kcpt down, And ho has consequently
stepped sallfn9.
The public nro beginning to buy stocks moro
freely, but thpro "a not ~ yot my appearance
Of heated spceulntion.
Mutual UnlUn Telegraph bonds were sold IN |
New York ut q pronum Of Iii. ChlcnRo tn-
vestora arc chaKrncd At tho action Of tho Now |
York managers If tho enterprise III withdraw
tng the allotment Of s5n0,aoo publicly 'nado to /
this city. II Ia not rGEnrtcd MS fafr plny,
i,clawnre & Hudson dcclnred Its lonK'pronlscd |
tllytlcnh,-3H per cont. Quarterly dividends Of /
IL per cent nro expected hereafter rs regular !
thing. I'hls stuck paid 10 pur cont q ycar for !
twenty-five yDars Until iSs0.
Southwestern stocks wore mt In nctve de-
mai,d. Tho rurort that Gould was quietly sell.
inE DISCOURAGED buying.
Wall street was thick with ropurts Of gront
cnmIng strike on MI tho prinopal ratlrohos, and
allort saca wcro recommended on that ground.
Ono OF the llrst thlugs tn foow tho great strike
of 1877 WIS nti nlylltce IN tito prir1 OF Stocks
Eric wns worry strong and II strong pool fs said
to lc manipulating II.
Louisville & Nashville was In demand for
f0fHtktl nyHFss AIlt1 uItlGlH IuE uuVN oaEos Nclu
received from London. -.....
ltusscll Sngo IA bulls,, o,, Iron Mountain, but
thinks Lake Shore Is heavy rs lead. As to tho
latter, Vanderbilt hcforo ho aAiirh predicted
that Iako sI,nro would Bc at 1t1 bctoro Aug. l.,
Unian Pacific expects Ia win Si.ato,Oo0 from
tho Government In II anIt which c0snca up TO-
,luy. Wall street Inns information thAt Charles
FrNncis Adams, Jr, has expressed tho opinion
that UnIon rtelitc ta tho most valuable rAtlronu
property III Amorlca. ind that 1t ts worth 49,
Kccne was repbrscd to be trying "a brcak tho
general murkct, and sage to bo opposing tho nl~
vaticr in knusas & Tcxns.
lsumors Of m ndvnncc in Southwestern pool
rates put upSt. Jou and Wnbnst.
Denvrr s. lilo Granlo unrntnEs during April
woro s4r3,lll, against sl0sSs3 for tho same time
in 1880. The following gnlns tn rallroad eartf-
ings urc reported: Detroit, Lanstl.g s. Norslorn
for 1880, SSi,2lNt Ehicngo e. Alton for April,
s1,7l4; CottAr llnpl1s g. Northern for fourth
week Of April, tlJ,Eg Nor.hcrn pacfRc for Crst
nine months {cndo1 April :Nl Ut the current lis
cal year. sl5s.s1s, and for tho month OF April
sos,1p.
Tho Fiau,ctnl Chronicle reports tho gross
earnings OF forty-two roais fur tho month OF
April ut 4Dt, nn lncronso Of $.,sWs70 ns
compared with tho satn9 tinlo In 1880 and from
jan. to Aprt 10 at $IldTA3I', II TIC. tncrcasn
over Inst yoar Of tt,74J.6s'. The largest Ealns
wero reported by tho Denver & Rio Grundo,
l4OlI1HVllG ~ Nha4FallVt CniGnHUt aeuWHAkoe y
st, Paul, Iron Mountain. lnterilA t!onal y Great
| Northern, md Texas raolAo Companies.
| III view OF tho rising quotations OF stocks, tho
| Nov York Herald generously valves Its opinion
| TINT tho present bull novotnent is utterly art{0-
| cinl And unwnr rAntet.
| 4 baltimore brokerA9o firm In their circular
etnto that Mt present tho liked cnarrcs Of tho
| Marietta s. Cinoinuati nont, includ lug interest
oil $Il 000 u00 ontls Ito say nothing Of the $3No,-
O00 past-duo couponsl, ronts, lenses, Anl tnxes.
uru In round numbers 81. ,O00 Dor nuuum. Thoy
| think tho road c1n earn whom Nll FcrAtr5 aru.
| undo (which are now neurly completely uver and
aboyo oil running expenses rails, loases, otc.,
$S0J,O0o.
Tho Now York Herald says that Secretary
Windows policy Is lu n1nny ways to d!Gor from
that of his predecessor. Tho Sherm0n regImo
wns marked with Il decided objcc ton to tho full
enforcement Of the doube-stanlarsl policy. Tho
present Secretary was md Is II b'nletatist III tho
full sense OF tho term, aud believes that tho
present nped OF tho country Is to get into clrcu-
iation Its coin. To TINT und 1t Is undcrstood TINT
tho smaller notes from S. down to II Will be
Withdrawn from circulation as fast us tloy
would como Into tho TrUnaury. Tho silver dol
lnr will also bo paid out as rapidly Us possible.
1t Is considered not Improbable that II tho With
lrawni Of tho 81, g. and Is Treasury notes IL
found to work NJ incon rcntonoo, tho process
will bo extended up to tho 81 n0tos. Lcgisla'
ton may also 10 uskct for noxt winter to limit
tho denominations III tho same rntto OF tho Ma
tIonnl bunk currency. 1t iaurxed As chlot roasons
forthls poltcy-tirst that tho resumption SO callct
| bus In cHcct doubled tho available Circulation
und continues to Increase tho shFno monthly b.
tho coInnRc OF silver. Thorc Ia estimated to be
$;uU,U0A,ooo OF coin now III tho country. Two
thirds is gold, Tho suppression Of tho smal
pptcs will nuke Il demand for tho colt and I
market for the mctals. This 1Nttcr will, It II
| iruuti. iucrpnso prosperity, and hlso stimulate