, 1881-05-04
F., BUSINESS.
Stocks Well Sustained-The Short
Interest About Closed
Out.
Illinois Central Active-Chesa-
pcake & Ohio Advan-
.. cling.
Elevated Stocks Weak-Heaviest
Clcnrlngs Ever Made ut
Chicago.
The Produce Market Less Active
Provisions Stronger, but Pork
Very Quiet.
Wheat Easier Other Breadstuffa
Firm-stooAs of Grain in Store.
Wheat Easier Other BreadstuHa
Eirm-stooks Of Grain in Store.
TINANCIAL.

T1NANCIAIs
Stocks w0re nctive, and tho advdnco OF tho
thy befuro wns generally we'll sustained. An
Insignificant attack ou tho market was rado by
some Of tho smaller bcnrs, without ctfeots Good
observers Mt Now York believe the extensive
short interest TINT existed III tho mMrkct few
wcoks aHo ts about closed out, At tho end Ut
business tho tono Of tho market was strong.
Illinois Contral and Chesapeake s Ohio wora
unusually active. Illnots Central advanced to
Isss, and its Southern line, tho Chicago, 1t.
Louis s. Now Orleans, to 81. Tho 1atter stook1{s
cnrtain to pay no dividends for n long time, rs
the Directors resolved At the Inst ann,ial nlcct-
Ing to desote thoir surplus means TO work on
the road.
Tho Granger stocks wore higher. st. Paul es-
pcclaIly, Northwest rose to 11dH, closing Mt
ls0A. and st Paul to 1l5,s. closing Mt 1t54.
Western operators nre beginning 70 huy thoso
stocks freely. Careful examination by travcl-
ing nRcnts hns furnished certain ovllonco that
tho business nlroady assured 10 these ronls Is
lnmcnsc and that. besides this, tho ufohs pfos-
poets arc very good.
Tho business Of tho trunk lines Is reported ia
bo something fabulous, at,t they huve not, Lake
Shore particularly, tho cars with which to at
tcnd to Its requirements. Lake Shore earnings
aro reported 10 10 II 9s-100 rer cont for tho
year, besides q oash surpiusbf &, 100000. a.
prominent Lnke Shore bull operator offered
Monday night to bet sd,0U that tho lext throo
quarterly dividends on Lnko Shore would bc .
per cent each, and that the road will earn II per
cont not this year.
Elevated stocks woro wcak. with offerings OF
Now York L by ''Sammy" Tilden's brokers Mt
102, seller sixty.
a bull POOL IL said to hapo taken hold OF Eria
for 80.
Tho ScltRmans report that their London cor
respondents are sending large orders to buy Now
York Ccatrai. Michigan. Centrnl, Eric. Lake
Shore. st. Louis & San Francisao. Wabash COM
mon Is soon to bo put on the London Stock E1-
change. and n bonn Is consequently predicted
forit Large orders for Amottoan> stocks arc
daily received from Paris.
james NJ. Kocno bus subscribed fSr Ssooyooo Of
the stock and bonds Of tho now Mutual Union
Telegraph Company. =
Issued by tho Milwaukee, Lake Bhnto s. Western
ut tho rats Of $4,000 mile, TO redeem tho old
bonds. pay oil tho floating debit provide for nd
diuonal equipment, and build 100 miles Of new
roGd.
The stoppaRe Of gold Imports, tho New York
Tribune thinks ia not to be regretted In view OF
tho great supply OF money 1T hund Tue banks
| and tho Treasury reported on Satur.Iay reserves
amounting to $lGa 1903 36: nRtiust $1bs, Is, ST on
Saturday tho I'D. an increas1 Of $1.ooo,5G. Tho
continued return OF monY from tho lntor1or ID
to be expected ut this scason. and yet the banks
already hold s6e,2s@, in speclc,-an
| amount mover ox6sadod excopt for two
woeks in 5nig -, last; st. wheu sho re-.
bursemcrts, horu 9ttfIIclently oxplasn tho stur-
pagp OF gold shtpncuts frum Europe, and yet
lH.avaab!e sipfy there Is 80 Iargo that tho
| Junk OF England OH Thursday reduced It's ratio
* per cont and tho reserves in all tho Ereat
| hanks aro ng,ln increasing Money would prob
ably ho coming horc for Investment III large
AMOUNTS put for thu oxtravaKautly gloomy nc
/ counts Of railway trnGlc, business condition, and
crop prospects With which spcoulators have rc-
contiT doluKel foreign renders When It be.
con,oa known that American railways are not all
washed awny or bankrupt, TINT tho volume Of
business Ii larger than 1t was lu April, 1890, and
TINT this country ls likely to have ii few bushels
| OF wheat for export. foreign capital, which Is
| still vAlnly seeking profitable employment
abroad, will be apt to turn hithorward nxa!n.
The Chesapeake & Ohio, tts bankers say,
with tho completion Of its Western con-
necuons and Of tho extension OF its East-
crn terminus to Newport News, both OF
which aro now ia pro9rnRs, together With
arrangements recently made for extending Its
direct connections to Chouyo, st. Louis, Ctnutn-
matt, Mompha, and Ail tho Important Interior
contrus OF traEjo, will. within 4 tow months, be-
come gr0at trunk line from tho West, North.
west, and Southwest to tho best harbor and ahtp-
| ping point on tho Atlantic Coast. =. Within
have lts own Independent limos or connections
| 10 Memphis, it Louis Louisville, Cincinnati,
| md Chicago; and glance at tho mnp will show
that this means business fully up 10 Ia utmost
capacity.
Wall street has apparently made up its mind
that tho future looks very bright, aud, with !ts
| uaunl pronptncgs IL dlscOunting tho promised
prosperity. 30 conservative II Journal rs tho
! FYnanctas Chronicle palats tho following rosy
picture, Whloh the bears will ind ilttto comfort
| In:
Tho outlook fol-. our various Industries Is
i,SGaaso 10 tho many ny favorGl3 @ @ oouiions ] aIeTt.
| Ing our financial nlRrkots. Money ia tyou now
oSta'nable o. eal!. y - IN average Of about psr
at that rate on ,p!olRc Ut STOCK collateral. lna.
essionss s!so q golaS to st9aly tlaw At currency
tho most rclnote. Nunk u1rrenuy IL OH Tho ID.
grouse. and. without doubt. w!ll:g, on cxpandt,g
9n 1ntaa ir o 1os geeas s ao
even Tho - Windoa's" :" Hro quoted ut 10l to l0lA,
ana tao dsana tS Y s,''!eent " e curry tno,n ,nuc
hAa neen reduced to The u1lnlnlunl OF last
Year, aud tho ln'lulry q urvat l'rltain
ss psss S soss. = t. III % !. %
hiRhest rcc0rdei sll.co ab., whnn thoy wuro ltE:.
and that A. W. !ho highest ever k's.,wn, En!.
to tnoaL tho duInAnd.. Tho prospoets for tho
schemc tor extondinx tic re.!vStnablo i a.,l
per gent bonds at w pur cont i,i.ts fair 70 u,
S,s 1asss Ss; ia 4s %o t. savs ' II Ss S .ass Is
suua slrrYral,,,Ea o!otss 70 lopreAs tho yalues
s9 ol Ey1 satsona properties ahou!u prove n''sso-
IN mir issue Of March 70 vo gavo i table cou,-
on eafl during Maron %iih tSose ii ths ss corrs.
spoM!snE Motth tn !SXl sad lsse. Il was. thYn
sS ,ap sns II ha eaasss saRs S ~ wSS
that tho average rot April WouM uUs-