, 1881-05-24

spfttal Dhpateh to tns Chicago Tribune.
New Yo,sx, Mny yG}.-trhe bulls today were
unauestEonubly In control OF the stock uar-
ket. Transactions were large and excited at
advancing figures. Numerous orders from
both town a,i1 country were reported among
the brokers. who made haste to execute them.
Though tlloFe were some nantpnlatons ex-
erted by the respective pools. and uccasfoIl-
ally leading spcculatlves would be offered ut
concession, oil securities found ready buy
ers, particularly when offered down.
"'rlle market Inns b00incd to-tlay," safd r.
broker this afternoon. ~ bear comblna-
ton was male lust night, ind good many
people thuught It would be found
easy to depress the market thls morning.
The attempt wns made few minutes after
the opening, but 1t amounted to nothing.
The lEstw taken up In body aud set high
cr without asking leave Of anybody. The
leader has been
WESTERN UNION OLD BrocK.
There las been pool on the stock fur
month, and 1t has worked quietly along; but
this morning It seetrl1tl' to dawn upon every-
body Mt once that tile new stock was relatiye-
ly much higher tltnll the old. III otlIer words,
tho new stock was within about : per cent 1T
par, while the old stock lacked ~ per cent Of
par. Reports Of tho earnings Ut the Company
were favorable. The suits Were considered
In q satisfactory position from the Colupany's
standpoint. There WIS therefore MI active
demand for old stock, which lias risen nearly
per cent, while the new stock Inns declined.
"'rho Changers llnyo had tltefr day, too.
Northwest, st. Paul, Rock Island, and CHI
cago, Burlington Il Quincy have eAcll au-
vanccd. Tha keynote Of tile advnnce Is be-
lteycA tn bo tho statement made BY Rock
island, People sny It
IsoCK ISLAND HAS DONE SO WE'LL
tho other raasls especially Northwest, must
have done almost equally well, anti the price
of tho stock must therefore b. low: There
h.s begn su''lr tnlk about stock dividends
discount that very, literally. There will By
no scrlp dividend On st. paul fur years, and
hone OIL Northwest for mouths. Oytr 4 mill
inM Of st. Paul 8 per cent bonds are said 10
have been taken tllfs ul0rtltnR..
"Tllc Gowen people were disappointed In
the Supreme C,urt lial affirmed tho
scsnr sclsG Of s s Court srd 9f tsKsa Geo eey sGs
elected. There were largo orders to buy
Reading waiting on this decision. Had tic
decision bcen. favorable to Mr.. Gowei,, the
stock, 1t ID believed, would hnve advanced to
10. AS 1t ~, there was 8InnI! decline. llll-
tlerstaId TINT three Ut tic Judges, Including
Clliut-Justico ShnrswuHl, hssuiited from tho
decision given, and thi. dissent inay DO the
means Ut reversing tlle decision hereafter.
"JEIssEY CENTRAL. MADE Il l1ANDsoME Alb
VANCE
this morning. It Inns besn reported that o
strong pool IN the stock was ready to send
tho prlcp III Aa soon III tfle through
line contraet was executed. Tho, nd
val,ce this morning WIS supposed to bo
tho beginning Of the promised boom, but
1t did not last. aiid there are 80nle ruasOns
for believing Tint the reports III rcg1rsl to tho
membership and proposed operations OF tho
pool are inaccurate, LncknWnrna Inns beeh
In demand by lnslalers tls!s morning. There Is
yallced on tile lst Of June. but 1t III doubtful
II any such lcclslDn llAS 1een illatlc. New
York Ccntral Kalne.l u point tllls morning,
purpose dividend o.l the preferred stock rs
soon as tho insiders hMyH nbtafnetl little
larger supply. Cantral raclllc l!as declined
wifi the road. union l'aellio llas touched
Its highest point tU-t!ny."