, 1881-04-22
Stocks Variable and Active, Clos
ing with an Advance.
Bears Find It Difficult to Depress
Prices.
The Reading DltIicultics-Cllica-
60 Finances Quiet.
The Produce Markets Fairly Aotive-Pro-
visions Again Panioky, but
Closed Stronger.
Wheat Strengthened By Crop Adskss-csrn Flrrsr
-lu Independent Rampage III Outs.
FINANCIAL.

TINANOIAL.
Stocks Hero Actiyo md variable. Alter tho
mornlpg hour tantations declined below tho
opening, bit this WIS followed by strong TT.
oovcry, which carried ncarIy everything To high
or prices thnn tho closing figures Of tho day be-
fore. Ono feature Of business which indlcntc,l
the Improved condition OF the market was thnt
tack otfcrod for sale WAS tnxon up In tarEo
blocks uud did not have to be pcd1led out IN
hundrcd-sharo lots. Tho short intorost apponrs
to bc pretty vol cleanel out. rEx-sutroKate
Nutciiins has covered nj! his shorts. sngo was
reported to bo buying Jerscy Central, md kcone
to bn resisting tho advance.
A now poni Is reported In Jersey Central Of
100000 shares. with jay Gould at tho head. An
advance to ITO is promised. Jay Gould Ia tlc-
cnret 10 hnvo promised to advance all tho m0n-
cy needed for extensions md improvements,
Tho recent downward movement was engineered
to got possession Of Il 10, 0,000 shnro lot on which
the nool have had their cyes. a contract Is sMttl
to hive beeli inntlc botwcen Jersey Cettrnl md
tho Pennsylvania 1soal by which tho Jorsoy Ceiis
trnl will reach buffalo over the Catawissa s.
Wt!lamspoet and tho 11u8a1o. New York !; 1'hi,.
adclphin ltonds without building single milo OF
now track,
"what seems TO be good authority" declares
thoro Is not the slightest chance that Jersey
Central will bo taken out Of tho l,ocoivcr's
hands.
lleadlng moved downward, with IN unusual
volume OF transactions. This WIS duo to tho
dcelsinn that tho deferred bonds PINNED by
President 0owen wero illegal. Tho Court holds
hGt, being iErcdcou,abto, they aro virtually
stock. which tho rond bus no right to incrcAsc
except Mt par Tho attorneys Of the road
hnve preparcd' nnothcr form Of bond to
meet this objection, IN which tho bonds
AVN SnS4 h>v@nttr nff hta
tho Court Ii expected to rulo fayorNbly,
md II 1t does so, prcsldoht Gowon vii! offer tho
now bonds to tho subscribors who havo pnId Ill
stallncuts On tho deferred bonda arcady nm
nu,.nccd.
Union pnclNo Directors arc making great cf-
forts to cMcct settlement OF the claim Uf the
Government against tho road. The Company
declare Themselves willing to settle. II tho Oov-
ernment Will deano tho atnount 1t considers to
10 duo.
lntlmauons aro Atloat, bnscl moro on tho
movements Of quotations for tho stocks cot1-
ccr1ica than on my exAct Information, TINT tho
southwestern consolidation Is nhnut perfected.
Earnings ot tho Granger roads aro said. OH
good authority, to show lnrge gums for tho third
wcck In April.
Will street believes TINT tho 25 cont rnto will
bo restored at tho mootIug Of the trunk-llne
representatives on tho eth Inst
Tho 4t'Hertcln ErclunUo points out that Mr.,
Vanderbilt and other railroad otllGais have i'm
tnc'e9 ntorcsta IN tho stock market. afld no oo
for n moment doubts that they havo In the pnst
usc,l their power to control ratcs IN nuulpula1-
t,r ,t,o st,n,, ,ros,,,t ..i,., M 80 n1.L,. -
~ ..,e 10 .,., ss na .ao
tho tFnhK lines wera neaeiIy "long" OF tho
market ratcs wcrp maintained, and hly dIHpr
cnces that arose from ttmo 10 time wcrn prompt.
1y scttlcl; hut II 1t ho trno that they arc now
rendy to Bec material decline In quotations II
will be nti easy matter FOR tlom to DRIFT rMpIdy
into nnothor rniltoa.l war,
DoaIors in atocls viii IL ,xat, IN ,,r t-o,L r
tho lnbor ,1cmonstrntions ,bat .ro aho1v,,,o ,eir
hnn6s in tlI1yoront ror -, ~ ,ho .rnnts. Dr..
,,uo ,,.,.o. ,,.n 80 s,tna, th.. All, H., 49, ~
tnt,t