, 1881-04-17
BUSINESS.
Stocks Dull, Pending the Meet
ing Of the Trunk Line
Magnates.
a Downward Tendency in Rates
Wabash Preferred to Boom
in Paris.
Quiet at the Chicago Banlzs-For-
eiEn Exchange.
An Active Day in Produce Oircles-Provis-
ions Continue to Boom Upwards.
Breadstufls Depressed BY Fine Weather Ill 0rer tie
Nest, but Ruled Stead}.
FINANCIAL.

Stocks were not active, rs traders wished to
wait for the results OF the meeting of the trunk
line maGnntcs 4 recovery in Elevated stocks
led to IL general covering by the shorts. hut tho
Slight r:sc in prices brought out more long
stuck than the market Gould absorb. Reading
was reported to have consented to the cnrtati-
1ncnt Of coal production, hut the news did not
help Ncadiu:. or the other coil sticks. Tho
favorable bank statement. 1t WIS thought, would
give the market turn up, but 1t WIS found thai
It h:1u been discounted.
Telegraph stocks went up n little on tho re-
p0r1 that the decision il, the Western Union liti-
gltion would be favorable to the Company.
Prices Of the trunk-line stocks were sus-
tninel by Commissioner Fink statements ahcut
the beautiful harmony prevailing between the
roads, aud the unlikellhonl t.lut this would be
disturbed: 1t WAS also averrcd OIL better author
ity than street talk that at the mngnates' meet
ing it would be arranged TO pool the receipts Of
the :oaus in what is known us tho Fink pool. SO
that ail inducements to cut rnte5 should be
taken AWAY.
London buyers took large amounts Of tho
Tuaderbll1s and Of Erie ou Thursday. New
Iurk bankers state that they bought more
stocks MI that duy on foreign account than ever
before in one day.
Wabash preferred, getting no boom i'll New
York is to have ono in Paris. where It fs to 60
on the Dourse on Tuesday.
New York Central earnings increased $50.D00
from 0c1ol'er TO March 81. ....-
Northwestern earnings Increased $4,000 in
the secnnd week Of April.
The RECEIVER Of the Central Railroad of New
Jersey has made report to the Legislature OF
New Jersey In compliance with the laws of that
Sr.te. The following is brief synopsis OF the
report. compared with that Of the yenr 1873:
Funleu debt, includ-
Ing :, a'hvo tnc. go g. IN se9 e9s,,nn 1nc ss7so
Fiu,i.',e s' and other s:>''~@~
ss.ss ea$, :, Pee ''se s. s. IS +;
sns roai Is s,sss s,2es and debt Dec
The gross earnings OF the Co1npunys own and
leased lines. In New Jersey, for the year lsso
Show ar increase of SpS9.75: over the earnings OIL
the year 1872. but the operating expenses also
were increased $sl6.ll0. SO that the net earnings
show an increase of only s777a,642. The follow
ing shows tho comparative business Of ls's ano
1850: .....
o1'~SS YEARS ENDED DEC. 81.
; @ 1ss ;s'
iaa MacarFess ca e;cears. iaS, l:Xhss Inc ~.
sS fss :':: @ tns Ins zs t2
The foregoing statements do not Indicate the
business of the ieused Pennsylvania lines.
Cutting Of rites by the pool roads is believed
in some quarters to be d demonstration against
the building of competing roads. Preparations
are uow in progress for the cons1rut ton of
road from Buffalo to Cleveland, hardly more
| tnuu mile distant from the Lake Shore for the
whole distance, and contracts for much OF tne
| work have been already made 1t IS UNDER
| stood that the same Company will builo line
| from Youngstown to Fort Wayne In case the
| Centrul OF New Jersey shall be able TO complete
| its connections to the former point The Penn
| sylyuua has promised 10 grant that Company
the use Of the low-grade line through the Allie
| chuuias but we understand that the contract
| has not been signed yet.
The following gives the range OF the active
| stocks for the day: