, 1881-01-11
BUSINESS.
Telegraph Stocks Leading the
Market Upward.
Conservatives Viewing tho lslso In
Stocks with Dtstrust.
Money Closes Active In Now York
Local Finances.
Tie rrodate Nnskcts Atl,e, ard Generally Stronger
II Sharp sdrane In Provisions.
Wheat Again Touched Ono Dollar tor February
-faorc Demand for Corn Futures.



FINANCIAL.
Stocks wcrc strong md higher. Tho telegraph
storka lrd tllu movement upward. Western.
tInnu ADVANCED frun ~ to Dss. closiIie Mt MAN
gatn Of ~. American linton rs,sc from Al tn
\ !, closing ut III. q g,n Of 6I.' With very few
exceptions, tho mnrkct sympathizctl fully With
tho upward tendency Of these stocks.
N q one rrctends 10 know anything ntont Tho
cn.1se of tho recovery in the telegraph stocks.
Clt>so observers OF the stock mnrktt expected 1t
on nccu,t.t Of tho excessive short Interest that
hnd been created. Those who claim 10
have vhntcrltl's confidence Aro posi-
tlve TINT hu hRs not bought his stock hAck'
a.,d itelleyp thai ucthor he. taor other nrRe
hDdcrs like II. U. MIlIe, will ever nRan invest III
stock that IA so lnblo 10 damaging atsncks
from chcnp competition. Jny Gould Il believed,
th some rcAtnt, to hnyo engineered tho recent
rise IN ntsinc,,1abcr himself Of too enthstsstie
II sllurt fullnwtng. According to This view. Jny
Go,tit and the othcr great sIorts have 'snf cDs-
Uretl yet, ntid do not mcuA IL do sd, except ht
mich 1uwur IlgEres tliR't hnvc yut bcun ln1lt1e.
According 10 ordinary rnIoa of speculation, tho
Stock would mt hc Il gstud short sale, Assttt1lng
lliut tho theory Just given il eorrtct, until the
pnbc begin 10 buy nssff In this latitude ,,o
outside buying Of nny consequence Is to bo 70.
corlClt.
Coal stock = wcro wei, tc!i, Heading making
tho lnsRcst gNln selling nj onr time Us nigh ~
~. uni r,,.Eng with reaction or IN, Mt bbA.
Hudson fostgs 10 Mir. Northwestern md 1T.
Paul continued. tho promise Ut Saturdays close,
mixing HtNd gnif,s 0tl III rnllst'ns volume NJ
transactions. Wnbnsh preferred 1nHlc ". to II,
after scllinK ut t7H, an. wns freely tcnlt In.
TIG directors meet t0-tlMy to decide about tito
dividend. phn prcfursrd nln1U:s. To 105, IN ono
niSvc, Other t,o,Mt,'o ea!ns were Chattanooga
III, tn 6ssi: ann FrnncIscu ~, to 4pA; tho pre-
Swt4t. H.. tk,..N++ q
AstuntIc + fnGfc IL. tn :Ea{: Manhattan IL. to
:n!i pnci.le Mail ~, 10 III; 81. Joe III. to 5sh:
Northwestern preferred l7s+ 10 lt@A.
Al tho clt,Ap Inuncy, which has bcen ensy. WINS
reported ruling 1T sb0rp 8 per cent.
Suu,e Of tho must consistent hears, who hnvo
been crying pnnlo over Etnce tho November
etrtngcncy Dcgnn. tnSe ut Inst given it up. They
lnve dcclcA to go with tho current os1 tho
theory tl,ut tho only why 10 mako money Is TO go
with tho crowd, md disregard vaiues. A gnoh
u9ny conservatives refuse to abandon thclr
ground, md nre still waiting for brcak-tlDwr.
Hut fothing discouragcs tho bulls. They plAnt
themselves Oil prosperity, tho 1tcfnndlnY bill.
aud thu equalization or interest botw0en Europe
md American Anl ruElse to lAko tho'r pfotlts, or
sell ut my concessions.
Jay Gould WINS recently asked by a banker Of
I bis acquaintance why he did not buy some
stocks. ~ do mt need to buy Stocks, be re-
| piled, " nm d manufacturer 0f stocks, and tho
Foaf I
! p'el'o p. ."Ne1 - '"o.A' VA '''' '
| '1.Hs tavn'' .--., :. II. ,,,a.u,, l.,
n.'as' ~ H., f..o ,.,e nst ~, Iars :"
W W n w 's', ~, vo..h p,o,o,
rug ss"u'ec ."t .ssas' a,, .nu W.. 49,. 49,. .,s'
no'os u!e ,elol'oo' " w F'e"'"s Wy ''e r'~
l}uy 4 Field say IN their daily c!rcutnr:
r,,, S !" or,rs ov ,hJ,,% tsi,i"rs ar 1tow snlInv
western Union. / rel nUw pcrsot,aiiy like sui.
inv 100 III thu opening, and following q up frn,n
every ] per cent" feature OF sntM.anys Ha. h,.
M IT, I,.n,,oaI fi r. ", III sn"rr
III wcrn tnket, II Il to i advance over what
lVO and :l0 lots wero oticrod At.
Very extraordinary reports, says tho Now
York I1enltd TINT would bo more rcttnbIo wero
| thpy better h,lthetlttca Aro promulgated na