, 1881-05-01
~ kJIIV lIDDs
Stocks More Active and STRONGER
More Confidence in
Values.
Rise in the Grangers-Thc Elcrateds
Stcadier-Jay Gould After Mo-.
bile G. Ohio.
The Produce Market Stea1ier, with Ger
orally Higher Prices, Closing
Firm.
lot Auth Doing in Prolisioas-A Fair Business in
Notwithstanding from hay
into June.
FINANCIAL. !.

Stocks opened strong. and continued SO all
day. with lnrger volume Of transactions
than for several previous days: Covering OF
tue shorts was the reason given by Wall street,
but 1t was not the true one. There Is sumc COW
cring by the shorts, but thorc Is also steadily
growing confidence in the condition Of the busi-
ness, the prospects of tho crops, and the earn-
iugs OF the roads- This has not yet found e1-
preston III any active buying. But nil through
the disasters of tho winter and spring it has
been stron. enough to resist powerful efforts to
break tho market. There are now some signs
ot an upward reaction. Such boom rs that Of
last year IL not to be expected again.
1t Is probable. on the contrary, that the
greater rises Of the future vii! be made III the
stocks of new enterprises, and not In tho high
priced old Investments.
The coal combination hnvc unanimously
agreed, At the request of Mr.. Gowen. Of the
Reading, to mine full time the first week In May
and half titno after that until June /.
F It. +. Flower Is reported to be Il gre:lt bull on
the Granger stocks. He says he is willing to
buy any Of them, payable in grain ut present
prices. Like Russell Sage, he also believes III Il
great general advance III tho next few weeks.
St. Paul and Northwest, he estimates. will show,
in 1881, un increase Of earnings Of 20 per cent
over 1851.
Russell Sage pronounccs Lake Shore dirt
cheap.
Erie officials clatm that their road is earning
propnrtionate1y more than any other i'll New
York State
Gould is negotiating for Mobile & Ohio.
The Ontario s. Western is about to open new
route to the coal-dclds by building u branch by
the why of the Delaware Valley to Pittston and
Scranton. This will make the shortest route
from New York. 4 brunch is also to bc built 10
Cornwall, on the Hudson. Work has began.
Louisville g. Nashville was very strong, and
was In good demand for European buyers. 1t IS
"pointcd" for ITO.
Tho gross earnings of the following railroads
are reported:
HANNIBAL : ST. JOSEPH.
IN. 3n,s' sesk Ssf IF Arms % @ 5 7 j Be- Be- @ $
FLINT PEnE MARQUETTE.
3ss Es,:f g xsss ss;;i Arms s Z Ess Ess sG
ST. LOUIS l. IRON MOUNTAIN.
3s 3s,:f s;;s Is ,?' *p:: i ; Il! !a g 3ss 3ss:
The american Exchange figures out the stntus
OF Reading as follows:
Assets Coal j. Iron Company e Qs5
Assets lsa'lroad Company G'"9SA
Totn! both companies. aH M
Dnlance, .,,..,.....,,..............s l.:s>5,3.7
IGl5 leaves Sl.tg}c.3it 10 so 10 tue HoucEs VI
Gs6,0OO ennres Of stock, which gives S1.9G per
share; but the Company, as appears by Mr.,
Governs pamphlet Of Dec. 4, 1851, pagc :, fell
short of meeting its expenses for 1850 by tho
sum OF $1CSS, CT. 50 that, measured by this
standard, there is nothing left for the 5tockhuld
crs but tho value Of the paper on which their
certificates arc printed
Government bonds were very active. In Chi
cago, tho District Of Columuia 3G5s wore l05is
bid an6 10.i3 asked: tho Is were 115S bid and
1l6l4; 4zs. 11+4 and l143z IS, 10sss and 103; and
tho Is, 1tG;s and l0i.
Chicago bank clcarings were s., 969, ,000 Loans
were In fair demand at G<17 per cent, with more
applications from the Bonrd Of Trade. New York
exchange sold between banks at parQt25c per
81, 200 premium.
Clearings of tho Chicago banks for the week
are reported as follows by Manager D. K Hale,
Of the Chicago Clearing House: