, 1881-04-23
Effect upon the Market Of the Con.
solidation Of tho Southwest
,ern Roads.
Vanderbilt at Last Gives the
Worlds Fair People a Ray
Of Hope.
A Fem Car.Drivers Strike Against The
Monopolfsts, and Fall Mis-. ).
crab1y.
Tbs Unluoky Hudson River Tunnci "Pa-
pered" for $4,000, 900 In Con-
struction Bonds.


etruotl0n b0nQs,
STREET TALK.
WHAT THE OPERATORS SAY.
8rfefai Dapatth fo The Chftaqo 1ttbunk.
New YoRK, April aa-Speaktng Of the
market to-day prominent broker said:
"Thoro has been runlor to-tlny that Judge
Spelr would lnake tho injunction against tho
issuo Of Northern Pacific stock permanent.
1t hc does, the stock will 20 ups. Tho SUBJ
fcribors to tho Willard pool have madc their
flnaf payment, There was 20 per cent Of the
amount subscribed u'lcalled whou the f,,-
Junction was granted. Every subscriber,
think, paid promptly tho final assessment,
and the belief Is strong TINT Mr.. Willard wltl
be victorious. THE rights were quoted ITO,
with 80 per cent Of the subscription paid
III. They arc not worth quite rs much now,
OH account Of tho pending iItigatton."
"rHE SOUTHWESTERN CONSOLIDATION"
said an operator at the Windsor last even.
ing, "hns been hanging fire, on account OF n
disagreement between tie Texas Pacific and
the International g. Groat Northern isoads.
Tho Texas Pacific has offered tn consolidate
Of, tho basis Ut one a1,d 0no.liaif sltargs Ut
Texas Pacific for ole OF Great N0rthorn,
While the latter l,as proposed 10 allow ono Of
lts shares for two Of Texas Pacic. Tho
International &c Great Northern PROPOSE
tion has Mt last been accepted. and
Of tho yaiae Of Great Northsr', 'Hs's IN 'its reias
tion to Texus Pacific. II Texas Pacllic were
worth 30, Great Northern should be worth
iaG t%lcn as sS ,,nuch' hence tho advance from
1.-THE ELEVATED STOCKS
ne .S, wsak M 5sIst now" said broker today,
q g6o.l deai pf taik that Manhattan viii do. T.
fault on its, tntarcst, mud be wlvel en1 but,
even Il there SHOULD be 4 .-,lsfault, ii
would take considerable time to dis
sioux will always b. worth Is or 30
share for voting PURPOSES Manhattan
preferred is not such 4 foolish scheme Us Il
good many seemed to suppose. It Is not
come when Aianhattan prcferrcti. viii he in
delna1ld. :, The elevated ronds hnyc put on
in0rH sail rs stock companies than they
ought to carry 5ust now, but tttey ilavu vailt-
ablo franchises, thoy have bacoine public
tlme bring them out all right. The New
York Elevated could earn IL or 13 per ccnt
per annum u i WAS free to mannge Its own
business. ALI that tho r0ads itccd Is titue."
PRESS COMMENT.
To the Htstert1 Atsottattd pFrft,
NEW YonK, April 2a.--Fro,u tho CONNER
present movement In Wall atrent. was Ihe b. b.
ginning of tile spring and summer campaign.
bust,ists By no means certain yet. NextfnoitfL
Gould will be brought togetaer by conso|ttla-
ton, but whether this Will be preceded or
followed by the iong.roported rlsu In these
stocks remains to be seen. The recent
IS cliarged by sotiio OF Its. associates
witt, having acted contrary to tho express
understanding between, theul and 'sial. Re
apccttag tie Northern 1'acidc, while there is
Willard suits. yet these. Is authority for the
statement that. an understanding hns been
arrived at which may result IN settlement.
vandorbi!t will SAT- for Enrope, ,next week
represent that lle Is Indifferent about the INV
parallel line to tho Lnke Shore, When tllfs
linz Is completed, however, he n,ny think
differently about tire matter.
THE DIRECTORS or THE MUTUAL UNION
TELKGHAPH COMPANY .
he aa,s SsSy sS5sss e ns5Ssss s sspts @ ;ssn afs Ct
OF extending the lines. 'riiis viii Include a
!!ae. from Boston through, buffalo. Cleye
land, AMI io!ndo to Chlcago, thchco to Mtl-
y Ta'kss 1. st H; MTeapo. Knnses Say Cy
natt, Columbus, Plttsbnrg, and all important
Intermediate cities anil towns. The poles
have Pse. strung with six wires, aud have Il
capnclty for thirty. Subscriptions to the ST.
en!th,ss GU H. ti, ct hg Coatpy ass bstng take" n,
eXteuBlons.
"nRAnsrREEr's+"
The loan market has been ensy through
the week, and contributed to nssist the bulls
in the stuck narket IN maintaining priccs:
pledge ot t'oyernment bonis. III Time ? ioans ns
nre freely offered ut about the sn1Mo rntes.
Primo ninreanttte paper. 8 to ~. ,tArga ar-
vas Sf t9xegn re so %STo ts csf y s,Gs
Moncy, and tho Exchanges, show ttat tho
tide Of currency Ia setting from tie interim
to this centre. ,rhe market tor foreign ex-
changc ,,,, has bscn aa!st, ,,t and steady.
mont Tho rates yarrant gold i,n:
ilfe IN few spcc!altles, ehielty IN Tho why Of
food supplies. III these llNctuntlbns tayu
vida 10 aaickeen u the Esllsrsl Interest: 'rhss
cab!s ndvtces ut uia latest.lates wers deelnud
rss satisfactory exhibit 'has resulted from
eSotSss a %ss fra s,' NV iare g se e ff.Is @ r1s @
set tho grand totnl thus far III 1881 Is largely
Ailead Of tint for tho snlnu portton Of 1bs0nlld
l810. Only n moderate degree Ut animation
s ss nsea n''is s y etsF {S wsS es;ae's It esess m
clsauges wssa not Important, and the move
nlent was comparatively slow IN nearly all
ilItnresta.,. Near!y all through the bread
atuffs iltarest has been speculative. Thur0is
decidedly q snorD confident toulper, aid III
d!cntl0llS poInt to 4 rise,
TlIE 1lECoAD OF FA1LunEs
for tho past week throughout tho United
street's, again show decrease, ula nllnber
being only ntnety.nne, as against lou !nr tho
preceding wcek. Tttts ia tho lowest nu,nbcr
reported for many mouths, anu ;tfnrtls q
striking contrast to tho humber recorded TOR
tho week ending Marcl, IL when they
rcachel tic high figures Of 1oQ. Tho lnu10r..
49Y ut failures we're small ctlcer,,s, many ut
which had been Anticipated tor some time,
and. Of course, do nut affect the general tsnit1
OF tho country, which ts Ia q sound condition,
ANOTHER CONSOLIDATION.
A paper WAS circulated to-tiay among the
ockl!olaersHf the Missouri, ka,,saa u Texas
Mud the International j. tFeRt Northern
Roads c9nta!nIn& the ternts ltpon whtcl. It Is