, 1881-04-15
Dividend OF i 1-1 Per Cent De-
elnrett OH Wabash Pre-.
fcrrctl.
Chicago Finances .Quiet-The Cur
renoy Movement-Foreign
Exchange.
Ths rrodw. Natktts falrir Atti1t-Maeat Easy,
tut s!ta1y-nye luo,an!.
Provisions Again Advancing, with Large Sales
Of Lard and Meats.
FINANCIAL.

FINANCIAL.
At tho opening, stocks wcrc stronger on tao
,,c,,tal TINT rates wcrc bclng cut trtn 81. Louis,
but The supply Of lung sturk truvtst ia bo moro
tlniI the MARKET could stand. Prices aaHEcd st.
rtuusly. i,Rke yhnrc, It was prctletct|. woiiA 70
10 to. md cUrrcaponttngly low figures would l't
mauo for other trunk lines, Cnnnda s0ttlort
and Michigan Central. 1t tho clost. prices ru-
cuvclutt n lttIu, hut ths WIS attributed to pIr-
rht Osbornn party wrtp reporlel to Do FREQ
sellers OF stock on ncc0.lnt Of tho Gut III rltrs.
Vanderbilt WIS An.d III ono dispatch IL hatc pre-
..tcted tlInt tho frai9ht troubles would be set-
tied ut meeting to be tclA Mt his house OIL ant.
ttrdny. and III another WINS quoted ns having cx- /
pressed the opinion thnt inter a freight war nf |
sixty days tho public would be satisfied probMA'y
not to build any moro rnitruads tu divide tlt' |
business. ~. ~..... q.
Tho Park and Mills party prcdi.t much owor
prices for 1'netEle Mpli oIl account OF further
troubles with thu rnci!o ronls.
ever III May.
.1ay 0outd bought tho Toxns paclf,u CONTROL
! 30 tho stury gocs, wtthuut promculsntiou. lie
met Scott who was Ill and wanted 10 soil out
Gould nskct, his price. md wroto ont check FOR
s4,oOo,ooo Ths wholn transaction did not take
| nve minutes. :!
A,na.,y bus b,,rictt tho Ecvntcd Railroad bill
from which 30 much wus fuured. attl tho LcHts-
lutyo strikers havo covered thojr shorts III alnn.
hattat. \ slcfnnlt III July dividends Is dcelarcG
possible by tho Sun. III thnt casa tho lease to
tho Manhattan would bu tcrmtnntcd. and thNt
| Compat,y und tho Metropolitan would not have
tho support Of tho New York Elevated.
4 dividend OF lss per. ccut was declared on
Wabash preferred. '
lsock Island earnings increased 100000 In tile
first week Of april. ,n
SpcclR drives we're mnsle on tho Elevated
1NH Sufft
Mall, st. Joe preferred, Omaha preferred, atsd
Nurthora Pacific preferred
Two feet OF snow fell duy before yesterday on
| ono OF the shln1l Western branches Of tho North-
western lsond, completely blocking II up aKalii. :
Wall street Is busy calculating tho effect OF
WINDOWS policy m tho prices Of Investment
securities, On this subject tho t'0Ht says: IL ID
known thut tho Treasury counts on ubout $780,
0o0.Ooo Or surplus nancy to be used in paying
United Htutea bonis payable this yenr. This
money will lie paid for United States bonds
which TOW tu.Io up money outside tho Trcasury;
so thnt It is iutcrlblo TINT investment securities
will bG diminished thlH year by tho amount Ut
$4,000, ,tD; nnd this atnount OF tuoisey which is
| nuw used In cnrryng or holding tho United
Etatcs bonls to be phtd oil wilt DO Lrlvon Into
} other Investments. OF Courao to tho extent
that tho n per 4cnits nro extonied.. IL
thorn TO (tJypdE,aent-s uf. tnn.t rzuarr.
t mud to Tho cxtcnt that thu Trensury sells !
1,ur cont bonds tn bly Us IL ssocs one ulIss Of
securities take tho rlaco OF nnothor c'ass; but,
10 4u,u, tl,ero IL beyond this whnt IL cNlcj thu
surplus ntu.ey uE tho TrcAsury: when will b..
oxpu,lacd cilhor for tho u or is, w.lch viii bt
:. cA1icalod -nrl khoWn Morc 10 tho Investment
market. Tho 1u0ney which WIS Invested III those
" cancelled Is And Bs will naturally seek othor lii
:, vUstsncnt., 1t Is thoroforu ruasuHnbln TO expuc
= that tho tendency for tho remainder Of tho ycnl
OF tho Treasury operations will be to irercast
:. tho dc1nal for primo Investments: the prcSen
10 holders Of these prime Investments will nntur
~ ally put thoir money Into securities Of tho noxi
lower grade, md tho scitors Of thoso Will tako
lower gralc, aud 81 0n, until evotl whit art
called the "cats and dovs" Of tho stock tnatko
ought IN duo t!n,u to fcol tho influence uf th'
+ Treasury operations.
ID Tho Gluphtc nsser.s that Vanderbilt sold OH
.. C. bis Michigan Central, New YORK Contrai, Cnu
r. ada Southern, mud Luke Shore vt tho hlsh prio
ii Of two months axo. II asks Why should 1t sur
p. prisu any one 10 SEQ Cunada Southern 20 ~
se linton Pacific to 10, Now York Central to III
~ ~ Michigan Central tu * and Lake Shore to oj
,u Let It 10 remembered TINT thoro Is reason to tc
IT, lEcvo thnt Tho shrnkago OF tho corn crop is nc
~ less than 10 600 bushels; that tho cotnputln
M s1l!lroad lines. having bctoro them prospect
le = small business, will be likely 10 enter into
lis disastrous war With cAch othur, alld uut dow
u. raltos to Il rulnous scao; and thnt thu wNte
" competition by way OF tho afisslsalppl River
,s- continually Increasing IN magnitude aul draw
D., Ing away receipts from the rallroads. l.
~ The Nttu Street Daily Nctrs says:
r. r. lu connection with our statoMcnt, made o
m tho nuthortly Vt MI olicer Of ouu or tho linz
=. y. thnt freight was diverted frt|m tho Afiasour
m Kunu&S & Texas tO swell tho hurutns 0f tho tru
~ Mountain ltuhu, tha Significant fAut Will not
~ | overlooked ttlat tho forlHcr foltu hIS GeaaC
~. entirely To report ita cnrninVs 1t shut up som
vo ttu,o tgo. 49,,
n. IIollcrs Of Western Union who havc not cor
ii aontcd to tako the recent dividend lii stonk
iy Untlted, according to thu AMERICAN Exchange
:cr clai.a its payment !n 'aunny. II says:
H. It protuhly i,ns not occurred 10 tho holders
hu Western unon stock that upon tho uuclnrlt
no OF the uxtra dIyldct,d OF tlHh. bN which tho
Il. rectOrs offered the 3tUlkhn!dprs tn tic slAjt0
hu ullitiuull certificates Of stnek that they Wcr
H. certificates still uve, cntitlo tu Tho iar ynlue
IN | Tho uUfliltcntes III nuney. Tho I,s,mtlt
III atloptcA by tho Donr1l Of DIFuutors IN Snrch
elo lsal, "eonnrnns at,d declAros y dividend "a
in tho prcalnble to tho resolution ,tlsa Mscrs III
III. tho net earunHs Ut tho Company. mol previous
hi ltstylbtud amounted on Jan. ", 1881, to hi,
a1i tnun tho sum maintained. Tho Lizard or Drcc
To- ors Or tM9 ~sssoxm Un9 W H .np
it, ami thu aiAouht ot tho uvdc,nla to 10 tlcvluro
It'd hut IT haA IN authority. exprsase Or Implied.
nd IAy ayI,.o,,lls whrn leca.tfcd III anytatn8 b
10 %tH! monty + hGy h f1 weso Sns. HEX Tex, wy W.
lMs i,Alf Ut tho hulders Of tue stock hNyu utroa
It'll. consented TO AEeultt thu now certificates III M
iii nlcat Ut this Dividend. bat thy res,ntlng sliar
4 lot.iurs tnay stlll dumau1 their dividends
urQ caah. .......-, - .,.
tor Ouo per cent Ia tho largest dividend tho bea
,ro will Hvu MlrhGlu Central for tho curEont Quu
nv ter. i. "
I IL Tho following glSes too sango VI @ho ac1s
/, il stoeks for tho day: -
H. III; -. - iIytn'T ligA'I l.oY' AZ "A