, 1881-06-12
BUSINESS.
stocks Open Strong and Active,
but Close Weaker.
Union Pacific Prominent in the Deal
ings-Promises for Stock
holders.
Ihe Produce Markets Generally Strong
er, Except Rye-Proylsions
Quiet.
Breadstuffs Active-Wheat and Corn Strong,
with Better Demand.


STOCKS were strong and active at the opening,
Northorn Pacltic preferred taking tho lend.
Union Pacific was for the day tho most promi-
hent Stuck. Dealings were large, and nil sorts
OF stories were put into circulation with regard
to It, The Compuny are about to ISSUE it is
sala' new STOCK ut par to pay for the Oregon Ex-
tension. Another report was that there was to
DC per cent extra dividend. Still another,
that Union Pacific stockholders would receive
Valuable rights in connection with the Exten-
sion already spoken Of, Including the privilege
OF subscribing to the new per cent bonds at
par. Besides, there Will be stock bombs.
lttssell Sage, it was wired, had turned n great
bull. and looked for further advance.
Western Union was active and higher. Gen
Eckert WAS quoted US authority for tho state
1nenr thar the business of the Company had In
creased SO enormously that it WAS difficult to
obtAin operators. He had sold his new stock
and replaced it with the old.
St. Paul. Minneapolis s. Manitoba Is expected
to begin this month the payment Of dividends
ut the rate Of per cent year.
The New Jersey Midland Extension to Scran-
ton. Pa. through the Delaware Water Gap. pur-
allel with tho Lackawannu Road, il now nn
sured certainty This road will also be ex-
Tended from Stroudsberg to Pottsville, Pa, into
Schuytkill County, where are situated the three
real anthracite coal-beds of the State The
Company hus bought 1908 acres OF choice
coal lands near Tamaqua-
"A new road Is being constructed between St.
Louis and Louisville, and will be completed,
with trains running. befre Dec l. The route
will he parallel to that Of the Ohio Mississippi,
about twenty miles south, and will pc an in-
portant rival line.
Pullman WAS advertised to 10 to 1CO last week,
but failed to do so. Nearly everybody had the
poiu1 to bug it. Yesterday 1t sold ns low US lis,
and closed ut 14G II decline OF y. Large blocks
were offered in New York ut 1tG. Those who
know declare there is absolutely no truth In the
report Of a scrip dividend.
Northern Pacific preferred advanced rapidly
from s. to sG., but that seemed to be the limit
The stock Is to be tested on the London Stock
Exchange, and is to be put up previously to
high enough point to make it acceptable to the
british appetite.
4 second instalneut has been called for from
the subscribers to the Mutual Union Telegraph
Company
After the opening, an and hour or two Of nc
tivity, the market became dull, and closed Win
suggestion Of weakness.
Alton s. Tcrrc Hau1e dividend bonds preccdc
the common shares in DIVIDENDS. The stock is
about B3 and the bonds So The latter are strong
ly ncld By the managers of the corporation
The syndicate Of bnnkers which took the Penn
sylvauia Railrond Company's Sl0,0O0,00D recent
per cent loan are able to announce that private
lpp1tA1Gn9 llfE luSUEUtQ A1lG cuAlIC ASeAct
that no public issue will be made. The original
market price OF these bonds was ~, while To-
day sales were reported Mt 30.
Government bonds were stronger. In Chi
cago. District OF Columbia 365s were 10sA bid
and 10sai asked; the 3.:s we're 1855 bid and 1G5.s
asked; the Is HIS bid md lis asked; the 4}:s
ll4;: bid and l15H asked; the Is 1885 bid and
lu3a1 asked. At the close the is were 1l1s bid
and llS,,s asked: the Has 1l5 and ll59s and tho
Tt@r+ r1-safn nffIEaH
Until lately there was difference of per cent
between the extended Is and the extended IS,
but there is now only g to :: Of per cent differ
cnce There is no rcuson for my whatever ex-
| cept for the difference ot interest between July
! and Aug Il.
| Foreign exchange was quiet, with no variation
| in rates. "
| Chicago bank c1earings we're $5,sss, GOO. Loans
| were moderately active at 5Gl1 per cent. New
| York exchange sold between banks at pafe<-'c
| per 81 ,UN discount.
| A smulI part-$;D0 OOeof the new Northwestern
| + per cent loan which had been reserved by the
| New York agents for sale in New York has been
| bought by Ado:ph Loeb s. Bro, of this CITY, who
now control all Of the loan that Is e1tant
William H. Vanderbilt took $2.0o0.0oo Of these
bonds when first put out, and all OF the nalance
OF s., 100 oO0 ha. been placed in Chicago. Such
| fact speaks volumes for the growing nnanc1a1
| importance Of this city.
On the Chicago Stock Board there were sales
of Cook County IS, 1856. $4.009 1921; Cook
Cook County IS 1872, 5000. IT; 5000, III :sGo
IT.. s5.OOl. IL; West Chicago 81. S22,oUo 10d33
Itncoln Park IS $1,000, 109t3: $1,000, 109is: Chi
| cago. Milwaukee s. ST. Paul IS tSi1neral Point,
! s3.OOO, os,a: Chicago, burlington & Quincy 4s'
| s6Up. g.s:; S'0O0 97si; S500. VIZ; S5'@o' 9.ss
s5Oo3 gs.: S,0o0 9.si; $1,000, 9'ss; 5000. 9sss;
5000, e.ss; Wabash, St. Louis s. Pacific 5s' sooo