, 1881-08-28
Some Tinid Investment Buying
Shorts Covering Reck-
lcSly.
Eight Millions Of Gold At1oat for This
Country-Finances in Chicago.
Tho Produce Markets Active and Grain
Much Unsettled-Wlleat Booming.
Corn Irregularly Lower0ats Tame--Hog
Products Steadier and Firm.
FINANCIAL.

Stocks. yvcro active and higher in the face Of
n bud bank statement and Of the most dcprcss~
ing news we have yet had from Washington.
Shorts were reported to be covering recklcsly,
AMI there was q little timid investment buying.
Prominent New York brokers state they have
received large orders to buy stock upon the re-
ccipt Of news Of decisive character from
Washington. It is believed that certainty TAX
ing the pnce OF uncertainty will cause u recov-
cry in quotations, and will substitute activity
for the suspense that has SO long hung over
cverythtng.I
There was much less than the usual allowance
Of r1lmors. Money was active but no loans at q
premium were reported. Gould and Sage were
said, rs has been said for some days. to be sell
Ing all the stocks tho market would take, and to
be- sustaining quotations by matched orders.
) The President of one OF tho trunk lines has
written from Saratoga to Il friend in this city
that tho market has already been On tho verge
of panic, and that other and moro serious ditfi-
cultics arc ahead, and strongly advising against
the purchase of stock, especially on margins.
This does not look Ike speedy settlement OF
the rni.roa war. The following from the Public
o., the subject Of tho railroad war Is worth at
tcndon:
The fact TINT Mr.. Gould's influence has NOT
avu1led to terminate the struggle su':frsts IL
| auy ordinary circumstances. 1t is Supposed Mr.
Vanderbilt would be Inclined to accord with Mr:
| Gould's wishes. Mr.. Gould controls system o1
| Western roads which have power TO dlrect IL u
| very large quantity of freight to one Or tna
other OF the Eastern trunk lines AL nave
| offered 20 make terms with him, and It IS PROD
mile thar either Of the others would make as
| inyorable tcrms us Mr. Vauderbllt's lines. 10
| engage in Il serious controversy, IN oppo-
| sition TO Mr.. Gould, might mean Tor
Mr. Vanderbilt tho sacrifice Of 500 to lo0 Inilnou
ION miles Of freight. But II convinced thaI NJ r
Gould was preparing in amy event TO throS thls
| freight over othcr lines. it encouraged by pow
| crfnI associations 10 believe tiint Mr. Gould
| system OF roads could be broken up, nno II
| pushed on by some personal Jealousy OF MT
| could 8 growing power as railroad constructor
| and manager Mr.. Vanderbilt might feel dis'
| roaeti to mike open war, 1t is thought 10 the
| f,c}rf that this is the act1lnl stnte OF Mr. van
| dcrbiIt's mind, sundry shrcwd men are sfakl nc
| many millions upon continuance OF tne WAT
| and Il rrcut decline In the stock market
Rights will be issued to holders OF Chicago
Burlington s. Quincy stocks to subscribe to tht
stock OF the projected Denver extension In the
nroportion OF fifteen shares ut p,tr for over,
hundred shares Of Burlington s. Quincy. Hold
| crs of the latter are said TO be buying Denver
The strongest stocks yesterday were Nt'stert
! Union. the carn,ngs of which increased *loa0o
losr week, Northwestern. Omaha, ST. Paul. Louis
vile s; Nashville, Union Pacific, Northern IA
| c1ttc Iackawanna. and Denver.
The following fluctuations show tho range
prices: