, 1881-04-26
BUSINESS.
Stocks Dull, with a Decline and a
Recovery.
Elevated Railroad Stocks Still Under Fire
The Wires Working Badly.
Chicago Finances Enthusiastically Of Bills
Of Exchange.
The Produce Markets Moderately Act
I've, and Generally Lower. y,
Provisions Quiot-Hfeadstuf1s Weakened by
Marin Weather, but Closed staaay'
FINANCIAL.

,,utions OF brokers and roon.tradors. Tho
wires bctwcen New York and Chicago worc
working buddy, and business suffered somewhat
III consequence. Tho elevated slucks wore at-
tackled ngntn With NIL kinds OF uninvorno!c
rumt,rs, nntl tho wholu inarkut synpathszad 10
xotno extent with tho decline th,t WIS produced
III thotA., Thorc ts, as wn havu alrcndy polluted
out, n suspicious resemblance between this raid
mud ono lt,atc lust spring Just b0torc shArp
risc IN tho yniue OF those atoUks. There Ia good
authority for tho stNtetnent Tint Mnnhnttan's
cnrn,nss arc larger thin they hnvc over het,n.
Heavy selling wis reported OF the vandcrbilts |
ahd Tho cont stocks. The uouid proporties
il,ict,intc.i Ia accordance with the Interpretation
placrtl by tho strcet on tholr place in tho now !
consolidation. A DuIt puui was snld Ia hnyo
bcen formed In Texas Pacific, md jersey Gem
tral and paeIno Mail wero froely sold.
Orouon Improvement Colnpany sold at 90. md
isdec!arcd By insiders to lie good for 10. Tho
bonds arc sclling at o.. flights In Syndicate No.
u which ndrancud tho ,notlsy to viilRru to buy
tho control OF Northern Paclfc, havn rlson to
100.
rcrso 1la,,te common advanced .. and tho pre-
ferretl =. a......
: tvabnsh prcforred nude 2, to %, and closed Mt
6s.t, ox-dtvIhend ~ por cont. or this stock,
5000 hts lately boom cut Zip into ten.shnro
lots for s6lo nbroad.
Experiments arc being made which, II suo.
ccsstut, will have great effect on tho Success
on tho Misstssippi-Nuw Orleans touto for
the shipment Of rrain to Europe. Tho
ntlcet Of thoso experiments ia 10 dry tho
gr,,tn go that 1t can pass without getting
hoMtna through tho tropical temperature
Ut tie Cult OF btoxto', iu summon. vnss
quantities. Of California wheat 40 through tho
trun!cs without injury, rs C,tllfornln wheat Is
very hurt a.id dry. II Western whnnt can bo
,lr{u,l 81 ns Il, become ut for transportation by
way uf tho Qulf ut MI spnsous THO tst,nk.ltnes
uR1 ntS.nf In SnS ma
ru,lto. -y ", ,
Tho Mutual Union Telegraph Company has
enlarged Its idrus or business rocontly. IT
started to do only tcleyrnph!rg for subscribers
hutwcun n0et0n and Now York and New York
aru Washington. Yesterday, huwcser, tho d.
reutprs decided to ra!so $40, 900 ohpltnl ami
extend the Cenlpnnys lines TO all tho prominent
cities tast Of Chicago, 50 as to DO ablo to inlu-
encs tho greater part OF tho telegraph commerce
or tho cnuntry. Thu Compnnys Washington line
has been completed.
Lutte ltuck Fort Smith, In It's report for 1850,
,na.lo bctter showing tl,nu even Sumo Of Its
most annHulnc frscula predletcd Of It. Tho III
crcasc In It's land sales and It's movements OF
cotton wcro particularly notfcGnblo.
Toledo, Dephos & darlington declined last
wcuk 10 to II, cloaing 1t H. It Misunderstood thns
tho management u determined TO push forth
und ut unrp tho completion OF tholr SYSTEM Tho
st. Lt.Ils extc,siuu viii bu known tho Toledo,
Cincinnati j. Ut. Louis. About 800 miles Of tho
tnnln Ira nro now built and uutlor contract.
ono Of tho contractors at work on tho New
ynrk. Chlcnuo & st. Lt,,,Is INFORMS II reporter oi
tho GruDhtc tint they cxpcet to complete their
work before this ytur IL dndcd. Tho ori7lnni ILL.,
tcnt[ops Of tho Cotnrai,y hage been ubMtagcl.
1nstcod nf q cupltnI sioux OF *iG,oo0UoO, ,horo
hns puv,, issued s.i,c o0o of common md si5,-
| 01oNU Of prcrprrcd stock, MI OF which hns been
tokun. Tha proposcd line from Fort Wayne
Junction to IT. Louis. stanca Ut s.5 miles, hns
1nnn nh,,ndoncd. md only II New York and CHI
"aI" ,.. =. -. - r,s.,,T nv. ,ro,, ,,rhI,,,
this cUrpUrNtaOu pru all wealthy and prominent,
Ne n H. (,utn,n1nus b.,.n,r tho President of tho
Comuuny. ussuslntcd with George j, scncy,
,1p1n II. Martin, T., II. Il. Lyman,
\. M. wh'to, and walstan II. nrown.
Tho line from Chloago TO NusEalo VIII oh~
tuubtcl!y como Into competition With tho Lnke-
- -. ..... ~. ...,. l.. ~, =, .t.l ~,I
SuUrc Nuuu. uut tao wv" Su""A's 10 eu"'".o'e
N ~ n'e ..,.,. - a. ,,s,nna ha,n,. ah;rtor r5
| nti,nr natural udynutNtYea. A portion +ut tho
vninsh Cnnai hus pouono tho property of tho
f.nm,mrv or,1 through this the road viii havo a
right Of wny $50 feet hroatl IN Fort Wnyne City.
The distance fro,n Ctuyclund to Chicago via tllc
t,ruat'sed rOuto u of0 Hl1as Aau 1Fp1R Auuhlo ~
t,h,,n,o n ia thuu tin Iukb.Shor0 rolfle
.s.,.s" Co1u - 70" " 1.s ~ ...,n.n 1n.,t ~ W,, vnr,,
r,tx "rc roy neu,,,ur. md in abort time It Is
| S"' "so -" .''. e...,.ss-. ,.,tI ~ a....,,
GxpGUt1d tn4t tnls pNH'uess VIII W coHsAHl.
ruatsd. THO cost Ut tho rnasl now being con-