, 1881-08-14
BUSINESS.
Stocks Advance under Purchases
by the Shorts.
some Buying Of Lake Shore-Vander-
bilt Borrowing Honey.
Wall Street Depressed by the News About
Corn-Finauces in Chicago.
The Produce Markets Active and Irregular
Provisions Strong, with Good
Demand for Lard.
Corn Depressed by tie Country Rains, bat Reacted
''heat Still Advancing
ftreals Higher.
FINANCIAL,

Stocks advanced Under some moderate pur-
chases by the shorts. Lake Shore was especially
active, and there was some good buying Of it.
a report was In circulation that all the trunk
line magnates we're in session at Saratoga, but
it was not confirmed. Wall street advices rep
resented the street as bearish on the bad corn
crop news and the probability that tho trunk
line war would continue. 1t was again asserted
on what seemed to be good authority that Van
derbilt WIS heavy borrower of money on his
Government bonds, and that he had been for
weeks fl quiet purchaser OF Northwestern, Lake
Shore, and Union Pacific.
Tho new Reading scheme meets with little
tavor- Some Of the large stockholders in New
York arc opposed unnlterabIy to the issue of
Sl},oooN0 new stock to be given as bonus to
the holders OF the junior securities as I'M in
ducement to them to exchange their bonds for
the proposed per cent Il scriea, the grounds
that, according to the provisions Of the charter,
there can be no legal issue of stock without the
payment Of par in cash or its equivalent being
made for the same. IT IL said that the friends
Of the bond management here and In Philadel-
phiN have generally been short OF the shurcs,
and it is argued thut this authorization of $13-
000,oo1 new stock, which Is to be given away,
would, Of course, reduce tho value Of the same
in the proportion that $4,000, ZOO bears to Ss..,-
s.6, ,3s5. the present amount Of the common stock
outstanding, '>r would show depreciation OF
over 81 per cent. An injunction will bc applied
for to prevent tho execution Of this new scheme.
Earnings: Missouri Pncitic, week ending july
81. Si4i614, an increase OF $S},0S6, and from Jan.
to July H. $7,04 ,SlS Increase of 81, Isl $40.
st. Louis e. San Francisco. first week In August,
SG3, ,40o m increase Of Sg,400; and from Jan. to
aug. :. $1,1.G,5U0, increase of S3s:, 400 MIL
waukcc s. st. Paul. first week OF August, $780,
0o0 au increase of $l;S, ,5Es: and from Jan. l to
Aug !, $9049,0 900. increase Of $,,G3G59. St.
Paul s. Omaha. first week in August, SIS. IT, nn
increase OF $23,070: and from Jan. to Aug. =,
s. LII, II, un increase Of S5]D,s1. Northwest
earnings, first week of August, Show an increase
Of S67,fU0 Gross earnings Louisville s. Nash
vile Railroad for first week Of August, SlS9, 100;
iucrcase Ton same n1icage), $1,000; from July
to Aug. !, 1851, Sl,O19.a00; increase, S103,900.
The following is m official report OF tho earn
Ings OF the Wabash, st. Louis s. Pacific Railroad
Company: First week III August, 1851, $ss99, iSl;
same week In 1ssO, SOL ,:19l: increase, SCI 051.
First week In August, ls'?, $lst,70; first week
III August. 1850. S2Gl,:j9l; first week In August,
1sSl So. ISL Earnings since Ian !, 1851, S7,1s1
0lG: same period I'll 1850, 81, G3'. increase, ST.
043.1345. The Wabash system upon which earn-
inxs are reported now embraces, it must bc
membercd, .4s9 miles, as against 192S miles last
year.
The highest and lowest Prices, with the varia-
tions for the day will l,c found in the following
tnble: