, 1881-04-19
Gould and Keen Believed to Be Will.
ing to Lot tho Bottom
Drop Out.
They WIN, However, Come 10 The Res
cue When tho Southwestern
= Ok Is Uorcd.
John Kelly Carries the Tammany
Election, After a Heated
Contest.
Steele Maokaye and His nt-Pot-Bern'
hardts Professional Matinee.
DOWN HILL.

DOWN HILL.
srocKs ARE FAL11Sa-wit.Ar MAKES THEM
FA1.L?
= 5petiat Dtspasth to Tas Chicago Tribune.
NEW .YoRis, April 18.-To-lny was somo
what remarkable in speculative circles. and
tlle scenes were mixed up with some excite
llse1lt, which. Mt tlines. betrayed panfcky
symptoms Tho bear WIS II, tho nscenuilt,
ruling things with n hixl, hand, and selling
everything right and left. Ills oraclcs wcru
llstcnotl to with MI attention becoming his
successful mantprattols. lie saId, ttlprinls,
that values were BY far too Aigi, for tho sen
snh; tint t2lo outlook for crnps was ,tuccr-
tain, aI,d TINT tho expenses Of railroads
NiurlMg The hard winter had mover been p,tb-
1tslletl, and would probably never be known; !;
that Europe promises to lave sucll erop as
will materially lessen tho demand for our
brealstufts, and
TIL: SOUTHERN WATER LINE
Is materially Interfering with Eastern tratllc.
The tr1nk-liMa pool was declared to hnyo
broken up, after frllft1ess efforts to arrange
new schedule. Tho abundance Of money
and Its low rates he looked upon with illtllf-
fcreilce, rs stc1l a condition llns frequently
favored the l,ear market Of tic pnst. The
decline III values WAS helped along by tho
free liquidation ut accounts, which wcrc
weakened by lleavy lusses, alld by the tttnit-
ity Of holders, who, receiving uncomfortable
calls for more DlarEitl begun to discover that
the market was still comparatively high, and
ln,lcl higher than 1t WINS last scasol, w]sun
tie spec tllative outlook WAS n,ost encouray-
Ing. Tho query Is often made,
"wlIo HAS 0Ur ALI THE STOCKS 2"
and the answer ,nllght bu lnadc by the WALL
street ,nan himself and Ills correspondents
III tho country. "a Wall street broker, who
looks tor an advantage. discussing tho sftun-
ton, says: "ri,e short interest III the market
is increasing daily, and vii! probably be-
cotno 50 large within n few days as to cause
Il rapid reaction. h further decline III the
itgl,-pr1ced stocks would be u erent blessing
to the brokers'. We Ilaye llad very dull
market, Oil account Of the feeling tint
theru. was ITO room for m advance
III tho hfgll-prlccd stocks. but n
decline like that Of today for n day Or two
longer will bring prices to a point where
outsiders viii Increase their holdings, AMI
bulls haye been advocating dcclltla and u.s.
aIsting to torce prices down ut present.
There Is no real reason for, a decline. Tho
condition Of the country IL favorable to
great advance In prices, but thu quickest way
to bring about tho advance sure to come Is to
lower prices 10 n point wlicse the public will
buy. Tic market las got into n r,t, md
nothing bnta decline will start 1t out."
ANOTHER BuccEssFur. OPERATOR
on the street snttl: "I think tho nttacI
Upon tho market this forenoon wna made by
Mr.. keane md the larger boars with view
OF covering their shorts. They havo beef,
Influenced by tho fact TINT the trunk lines
llnye established tho pool m0ru firmly tllnl,
ever, by the accumulation Of money llere, BY
the certainty Of the success OF Secretary
WINDOWS financial policy, by tho fact that
tho Treasury will keep money easy,
by tic certainty Of large Increase
III railroad earnings from this t!me
OH, anM by tho fact TINT Afr. Gould
and his following aro under Southwestern
md coal stocks All these elements combine
to inake n bull campaign III tho near future.
I think the ttme IN which tho bears cat.
cover is very SHIRT" -,
Its tie belief of some who profess to be
on tho inside that otllor Insiders Are buying
coal stocks. Nun who know every turn of
affairs have given orders for Lackawaltl,n
to-day, and they say tint the prospects for
the coal trade were never better.
"stIs ooui.p nAs CHANGED Ills nAsE,"
said ono OF hts friends to.tlny. "1Ie was n
bull Oil the market fow weeks ago. lie Is
now bull on some stocks md q bear on
others. Tic secs that In tho present ton.per of
|sspeculat0rs Il general advance III the market
is llolA. buck by u fcelllig that stocks arc too
high. It Ia not so. They will boom moro
thai ever this spring, aud thoy are already
mitch below tho prices ot February. But tlle
cry Ia, Stocks tnust come downr Mr..
Gould, therefore, Inns gone In with the crowd
that went to bear the trunk lines land tito