, 1881-04-05
Stocks Open Irregular, and Weak.
en- under FREQ Selling.
Wall Street Nervous About Western
Weather-gould Protecting Iron
Mountain.
Chicago Finances Qniet-Thc Currency
Movement Light.
The produco Markets lrregu'ar-Btcadssuffs
Stronger, with Good Demand.
Meats Heavy-otherP Provisions Steady
but Worry Dull.



F1NANC
Stocks opened irregulnry, aomo showing gntns
and Others loascs. A dcollne SGT III utmost ut
onco. Wall street was reported nervous nbont
Western weather. Htav" rcnlIzatlons were Bnld
to hnvo been mu1o. At tho same time It ~na ro-
ported TINT tho room Traders wcro making
bcnrish demonstrations on tho rnnrkct. as II
font under cover OF which Gould and tho othor
large dealers could huy sticks. Tho etatonoht
th4t Gould was protecting Iron MountHIn otllS,
rs agninst the pressure Of tho do'snwnfd market
was MlAo part of tho literature OF tho dny. Tho
coso was not strong, though aboro tho lowest
Business wns not active, und IN chlcaKo IL was
especially light.
A prominent New York operator toe Krapoet
that, ,s!t,ouRh tho market looked Seak, It wis,
in his opinion, q purchase Of, overy decline.
1t Ia Il raot, acuordlng to tho Herald. that tho
minority OF tho great srccnlAtors hero VI homo
have either sold out thosr stocks Riready or aro
simply bus1e0 In stimulating tho market Tor tho
purpose Of doing 80.
Railroad earnings: Chicago S Altnn'9 cafh-
tnGs for tho third week of March hhuw Do
crease OF $sl,15J. Flint & Poro Mnrauottu car'l-
ings for tho third week III MRrch hnvo lnor easad
$j,5i3; Increase since t0il. !, $M,10 Tho oar'-
ings Of tho Indiana, Bloomington sS Western
Hallway for tho weck ending March Ii were;
1871, $s5 1877; 1880, $:..a,7gl; ttorcnso. fl,mO.
for the fourth weok III March werc $i}siGi:
sarno wcok In 1850, $Gl.114s; increase. faa.iDs
Oross earnings Of tho Northorn luclilc Ra5lroad
OIL III miles Enilns OF rUal from July, lBao. to
February, 1881, $},el3SSo; increase, $So4s';
March, 1881, approximate, $143,&G; increase.
t.i,477 increase for first eight months Ut lscAl
yoMr, $4l0,900.
I,cars OIL Iron Mountain point out that Inst
yonr, with tho largest earnings on record, rho
Company was ilnubie to pay the interest OIL tho
Nrst and second preferred income bonds to-
Kcthor amounting 10 over $0,00.010). These
bonds pay respectively and 7 per ccnt Interest,
which Is acounnIatlve, aud tho llcbt has to 0o
carried over 10 tho uc1t your 1t is proposed to
fluid tleao bonds Into consolidated per conls.
hut this viii not help tho stockholders, for It IL
also proposed to issue 1000 900 moro bonds. nnd
to udd SIG 300 ono to tho stock. 1870.
"GooA authority" informs tho Wall Street
Daily Ncles that Michigan Central Inst quarter
earned $4,000 less than Its operating oxpcuaca
and interest.
the Ct s"y Of tho son
f,omo,,rcjai nu,lctt,. aro watchiuv cnch other
, Closely. susplc,ous aro abroad Init sonu OF thu
| Gould has bccn awaited With impatonoo by tho
holders Of .tooks snpposnE hs trip haa ,.n inc
uu5eo. os au.oNs na w. Aa .ho ""t st r,r
!
rcturn i,o ahoul1 take on the son,6hnco OF a
fampns ooat Ie pooy y. snoso s's a.
| who nre supposed 10 20 WORKING lor rise Is 10
| cou!3nc their attention now to Il few iuading
| stooks-n g.. r.pke shoro. Eric. Northwest, cte.,
n -, h,1,,,,, tho.n nm, tc thnu Mil trr rcat
-a,u py ouuuS ,. tnus. u w. 1 a s,,'E ~ ~.
| OF the tnnr&of. VahdefDI's ana h's knHo"hss
| with Gould on Western Union and Iron Mount
| ain. and somo OF tho silo pools, ns
49, ~ I,ri.viilo T. NaabvilIo aro
tn"s lu Aoulnso .. N"savo. ,'o. a.. -.
tue true BupPoftosa OF pf'ecs W
I thls tuncturo, Tho Sumo correspondent
nf,f1s TINT close obsnrvcr cauuot fail to notice n
$3.50 .,n.., h,.1"r1 innr m tho rnrcs NJ anoro. nj
"ue", nahKntu .oon " Wv y. asoo" ., ~
| prominent operators wno arc huu"htu " W ncava'
| ly loRded with stocks or deeply embarked In
great railroad Bchou1cs. Two or three dozcs,
| mon hold a million or two OF railway shares.
I What burden to-day to bcnrt Bo.nc suddun
tlaw In tho lnnnoal sky and those heavily-ludon
sal!cous whose invoices md bills Of ladlng ovnr-
top those OF old spa!n, will sink like lead In tho
mighty wators.
Tho Gfuphto has this about tho stock market:
It ID not Mt nil probnbl9 that the activity IN
money VIII long continue; nMt We 70 do hHt t ne-
ovo In Ln,S rwn ~ ~, nn ~ IN vGrnss
nTalimonts Until they havs ro'tohod Il pont ftr
bcyund the tnngDr lnei The ris0 In vNltsps In
the past two yoars wlll bo found to amnMnt e e