, 1881-04-06
Stocks Quiet, and Ranging With.
in Marrow Limits.
No Outside Support, but tic
Market Well Held.
A Holiday i'll Produce 0ircles-Wheat
Higher on tho Curbstone.
Live Stock in Good Demand, at Firm
Quotations,


hlay. nt ChicRgn was almost matched hy MI
lnvolt.ntMry hn1I'lny In Wall street. Outside
nrdcrs for stocks were very scnrre. M0ncy WIS
utotRI 1T one time ut full rrr cont, hut tho
money question cut III figure In prices. snfne
slight bcurtsh demonstration WIS made, ami
gentle decline rullosved assisted by stop orders
Jersey Central wns pointed to 20 10 10 this week.
Vanderbilt waa buying Lake shuro aud MIch'nan
Cenfrul. kccne was covering hta ahortH.
Runners were IN circulation TINT
favorable statement would 10 made by
tho Treasury Department to-day. American
District Telegraph brnkc, md WINS bought by
tnIcugo operators. Warming cntne from Nuw
Yurk not tn l,tiy, m 1t wls Ill gong TO pieces.
This Company pays dividends Of per cent, and
i,clonHs 10 tho Western Union Company. Now
York wnrn,!lgs not to bug Western Union were
30 unfortunate thAt It rniees d presumption In
favor Of this stock to huvo New York pronounce
1t worthless.
Tho Will street ruArkgt appears to le entirely
n,tirr tho domination uf tho c1ucs. On this Sub.
Icct, tho Financial Chronicle says It IL almost too
obvious to require comment thnt parties carry
Ing 200 Ut Il hlHhiy-wntcstal stock-arrl 1t
seems prubNhc that as MITCH nr more than that
Mllount Ot Western Union Telegraph Ia held ly
II very few pnrtics-nro very deeply Interested
Ii, keeping UP tho market unttl tho holdings can
l,c distributed. 1t must be the effort Of iloso
holders fur Il long tltic to come to persuade tho
public By every possible 11ieans that Western
Unton cnn enrn q per cent per annlim on itA
present capital, and thus induce purchases. a
street ruunor snys that tho plaintiff Williams hRa
beon oiforcl S101000 to step his litigation. and
that tho Injunction suit will soon be dismissed.
What 1t cnlls tho IInvcrIy Group Of Mlnos IN
tic Snu Miguel District" the 0urAY Solid Mat.
tlU0A declares to be Utmost worthless prospuEt-
holes. "Most OF thesn," IL suys, vert lpc,ltcd
twn years uYo expressly for tho lTMverfy trAdc.
two Ut tho number having been previously
wards cursed themselves for being greun enough
to work the assessment. It Is not necessary for
us TO cntcr into n detailed statement OF thu
Compauys possessions, as 1t would DO clear
wastc OF tnie to describe n mess of spraadle
spurs that have heretofore bcen too everlasting
~ worthless 10 merit cron ordinary local mcn-
tton. Their possessions nra comparatively
worthless, tholr prospectus ia Il bnsc lie, thelr
mill, etc.. aro Imaginary. und the Directory
get OF scalawags who have no reverence for
either vernctty or common lcceHcy."
The report rs to the compromise In tho West
err Union litigation IL pronounced RrOunllcs6
by tho San.
Rock 1s!and Directors nrc quoted ns having
suill that the Company would tncrcnso ltS d,vt-
denl to per cunt IN June, and would make II
division nmong Its stockholders or brnncn ltnu
securities, nc'Mdng kcokuk and Des Molncs,
nnw III tho Rock Island treasury.
Three Of tho Now York papcrs on hfnnday
cnno CIT with very damaging statements Mb,Mt
tho condition nf Western rnltroad properties and
the prospects OF crops. They were tho Sun. tho
ItHfs, and tho Hcnrd. Tho Ttnes reports well.n-
formed businessmen as expressing great doubts
whether dividends can b.. continued at present
rAtcs by tho Western railroads. Tbs 1Itrttd
declares u,ut expcrts who hnvo looked into tho
stctNaI nnd material condition Of tue st. rauf
and Northwestern Rpn1s express themselves
nu1lxesI Ut fhp prlcrs ut which these stocks nro
In1F ffS1+I InD ftttt ~ n f1t1nHj Inn tktTt
damages to/ro!lluR stock and ronubot from
storms and tho loss OF earnings frntn thq utmost
complete cessation 0f traffic, II liz computed thnt
tho higher prices Of labor aud materials will atll
mt least IL per cent to Inst ycNrs working ex-
pcnscs The urotlts 0f tho st. Paul and North
western toat,s In 1890 were duo to tho faet thnt
they bought thelr materials md hired thotr
lnbor Mt tho very lowest prices Of tho present
decade; TINT they hR1 largo crops to move md
absolutely no winter at NIL. Consequently In
thaIr distribution of profits thoy nac Insult
1lcIent allowances for tho t'amnfgcs Of iii u'pnr-
nlleictl sonson. They hcKin In 1871 With II par
Alysls Of tholr business for nt lenst thrcG
months, with largo expenses, for which thoy
wcro not prepared, and with thoir only hopes
for nlnk,ng up lost ground rcHttng upon tho
transportation OF II crop which nppenrs TO be ln a
yreut degree fictitious or upon tho Antutpntious
Ut a harvest which uro tho revcrsD OF encour-
ngiug. Tho Sun rupeNts tho exaggerated stories
nbnut loss OF 10 To 70 per cont III e1ttlc on tho
p1n!ns. More to tho point Is whAt It anya about
tho " mud roads" ct tho Northwestern ar1d st.
l'aul. Those, it says. arc ut present frozen i've
feet deep: when tho t1lAw comes tho rontlbctls
will DO mia, md tho whole roadway will haye to
be ovcrilnrlod and bnlastcd. Work ot this kind
hns to be dono evory year, to ccrtaIn extent,
on tho rottis OF the Northwestern rcgleu. hut 1t
Bccus that this yt,nr tho damage nEreildy tono,
without taking into consideration tho t,rDbabEl-
ttltaf f,f ha frrshnfH will TIM knfhfTnRtNrn
nbout 10 per cont Of liz whnle cost Ut coa-
atrl,ctton, mud tho st. Paul ahout 70 per cont.
Tho following shows tho fluctuations OF the
active stocks;