, 1881-07-29
BUSIN ESS.
Sharp Advance In Stocks-Bears
Rushing to Cover.
Diligent Reiteration Of the Report
that the Railroad War Is
Over.
Better Crop Newa-FinnMces In
Chicago.
Tie Produce Markets More Aotive-Hogs
Easier-Provissons Weak, but
CLOSED Primer.
N1tat lfig1cr-corn Slrong. with Good Demand
-f1yt md norley WtnE,
N1ltat lIig1tcr-Corn Sirong. with Good Demand
-f1yc md rarley Weak.
FINANCIAL.

Et0tKG WcfG very nCt}VC, anu nuFhhcCu Sharply
.,I,tlcr purchases by tho bcnrs to cover. Every
thing wont ngnlnlt tho short eetlora. President
Oarllelds condition was tho rcvorso VI
what tho public had got into its hcad
tho two days before. Tho recent wcnthor hns
l,een tho best possible for the grnwlng cropa
Moro important. tho story WINS Btartcl and dill
gently repeated that tho railrond war was ut nh
end. It was ctrcmtustantEally narrated that
thore wns u conference OF the magnatcs nt
and this was beloved nntwitll-
standing tho presence OF Mr.. .tcwctt. Of tho
Erie, at his Office nil tlny. II Is not
likoly tint tho first report Of settlement Of tito
trunk-lfue war will to traC. According 10 Mssihl
Wall-strcot experience the eats will plAy with
tho mco many lenlaEs md reasscrtlons Of tho
settlement before tho truce ts tlnnlly proclaimed.
Yesterday tue story lid Its work veil. Among
other lnrgc buyers was Mr. Keane. tho arch
ucar, who was quoted Us having declared that
ho Ind bought Ia :N.0o0 shares " tn sell ngnln."
Toward the close the markst showed signs OF
being toppy, and wnvered, but Rt the very
last strengthened ZIP and closed flrtn. Most Of
tho Ionrs had covered before the end, and 1t was
thought In several quarters TINT tho short Inter
est was nearly all out Of tho way. Should this
bu 80. d strong ecncnt Of support has been
tnkcn away from prices.
One Important clement OF the situation is tho
large amount Of Investment capital that las
hcen deferred from buying by tho attack on
rrcaldent Gar9cld's lifc, and by tho other
disturbing influences Mt work on stocks.
As President Gar.letd's condition improves thoso
tlirId btiYcrs will enter tho lnnrkDt. They have
already begun To do 10. Tho rising tfdo OF clear
inRs, tho ense OF the money market, such In
tlnst9ial facts ns that brought out at the Pitts
burg meeting OF tho Western nail manufact-
,,rcrs that stocks ,trro unusually low mud tho
entnnu novcr better, and 4 growing conviction
that tho crops hAvo been belIttlcd, ar0 renewing
confidence In tho future Of railroad property.
There IL n strong feeling thnt stocks will bc n
purchase ut any sharp reaction That may now
occur.
Northern Pacific preferred sold up from 7eA
to iD,{. cIostuH Ut 78ai. The shorts arc still sc
!nR this stock, and tho Willard combination arc
tnklng 1t ont Of the market. II this keeps lip,
the question may suddenly nrlac, Whero will the
bears fud stock to MI IN with2
nuying to cover short sales in Western Union
started the bears i1 thoIr scramble for stock.
Tho short intorrst In Western Union hns boon
rctluced, It Is cstft'nto, from 100000 shares, two
days Ngo, to 10000 sharcs now.
kconc, on MondMy. predicted that tho market
would 20 . tu5po'nts lower, and thnt there
would 10 panic. lie was right, II he meant Il
beGr pnn!o.
THO bours predict Il for Western Union.
Tho Ch!cago e. Omaha earnings Increased tho
third weok III July <::ss.E..5. The carniuss Of tho
LQtE4kX0 ~ NuELHHGblGlu 1t1lVNAu t4t LII lultu
week IN July show nn lucrcAse of $17,0DQ, and
those ot the st. raut t. Omaha ltoad \ gnin OF
S..e ts5. The cnrntnxa ot the Louisville T. Nash-
Vile ithl!rUad for the third week III july show MI
incseaso OF s., 90: tho Incrcnso trou, Jan. has
boon $l,tsl,lat. Ths cnraIuYs of tho St pAul fot
| tue satne week STOW an tncreaso ut Fl.8, goo.
| The 1iutdstc says:
| or tho prescnt rl1Gs which tnkt plaGu III tho
Aoek market 1Ecatise Of the cotastAht dr'bnlilg
or long stocks frot1 The Interior on oyory slight
largely ycsIer,lay s.iii II i elaacd ibat. lnany
stopks have beef, oyersoll by profcaslona spco-
upward tur,l On efforts to eoyer shor.s: Lite
| yss.erlny Attcrnnun Lak1 ShnrH and tfnlpn Pn-
oasd for t. :; pf M sent - sGn,S
lInlon Pacific hAyc l'ceh trrcgulnr tnr soue
lays Air. HaKo has apparently not iost falti, it'
'i Tue narknt was iissiy to 90 ip sone tny sud.
drilly per cont all nrtunu. Mr.. Hnge's puts IRE
u,n,,y 0f them uncomfortable ~ bun. Tho
| up Lnkn shorr to rrotrct their puts. and thu
Mr. Vanderbilt ls not buying share OF y. The
i.u s11ars of The :s.iu5 Nav YORK Central h. sold
al Il Is believed 10 has on hund "a o0 staaret
| or Lake Shore.
The quotations for unlisted stocks and bonl'
Tuesday wore III foltows: Attantlo 4 Grea
Western cnlplnon stock, f,s:' AlnbRma Central
MOS; Boston, Hartford \ Eric new stock. lAd
z: do OH stuuk, III; i,rookyn Elovated. s5qtu5
California Pacific, 1RdIlh; lies hoinea & For
Uo,lxc, lGe1lD; ,o pre5Urred. :lt:s,: Green fIny
Minnesota stock, 1tD1hf; Grand 1taplls s. Indt
ana, u; indianapolis. Cincinnati s. t.arayott,
Rsscnted stock, rs; do old stock, II; Khnsas
Nebraska tlrst mortgage ton,as. M&LS7!i; do aec
onl mortgage bombs, ~; Lebanon Springs 0rsts
IN; LeiiKh j. Wllkcsbarsu, ~; Midland liailronl
of New .Ierssy aslsntel stock, 41n; do eiaas !
ntoak, 1T1f&tIY; do class II atpuie, lTiGEl4; Nas
Jersey Southern, 1h0lss: Eawbur&, uutchuas |
Connecticut Incomes, 'Tf0A0: Port Royal |
Augusta stock, II; South Carolina Isallrnad stock
4pde5o; do second mortgage bon'ls less plsJ; u
no,-,uortEage bonds, 17G7gN; ". joseph !
Western htock, II; 81. Joseph g. Paclae tlra
mortgage bon.ls, p0GlT; do second tuort9aH
hunis, ab; Eo,lth Il North Alabama Htook, n
Vtcksbur9 < Meridian preferred stock, 10; i
cnnnlail stock, t+dtli}s.
Tho following table shows the range Of prlceu