Sacramento daily record-union. [volume] (Sacramento [Calif.]) 1875-1891, 1880-11-25

decline of cent, and subsequently 4@3a, tn
latter Northwest preferred, which sold a
l454 Many stocks touched their highes
prices.
New YORK, November 24th-The Stocl
Exchange was the scene of great excitement
to-day, and transactions were on a large
scale. Prices were whirled up with astound
ing rapidity. The activity Of money did moi
| deter the bulls in their persistent effort tc
advance the market, but seemed rather to
stimulate them to fresh exertion. A few con.
servative men consider that the present specu.
lation has passed the bounds of prudence
The bulk of capital is still enlisted on the bull
side, and the general feeling tonight was one
Of confidence in still higher prices. Such
stocks as Northwest, st. Paul, Lake
| Shore and Pacific rose to the highest quota.
| tions for many years, and in some cases
to the highest ever known. The closing
prices were generally the best of the day
| The improvement on the days transactions
ranged from ] to 81 per cent, Northwest,
| st. Paul, Lake Shore, the coal shares, Erie,
Nashville, Chattanooga and Chicago, Burling.
ton and Quincy leading in the advance. A
rumor prevailed in street circles that the
Chicago and Northwestern road would be
| operated in close connection with the Lake
| Shore and Michigan Southern, and stock
dividend would be paid OF both classes Of
Northwestern. 1t was reported this after.
noon that powerful bull pool had been
formed to twist the shorts in Northwest. st.
Paul and New York Central, and that Rus.
sell Sage was caught largely short and q
| number of his friends were in the same pre-
dicament.
Silver and Stocks.
New YORK, November 24th.-Silver bars,
111s money active, at Age; Governments
steady; stocks closed strong and buoyant /;
Western Union, 995; Quicksilver IL
Pacific, AT Mariposa. j; Wells Fargo,
112; New York Central LAG; Erie, All
Panama, 20S; Union Pacific, 102i; bonds,
lis; Central Pacific, S54 bonds, 1145 /;
Sutro. !.
Estimates OF Necessary Appropriations.
WASHINGTON, November 24th.-The book
of estimates, containing the amount of ap-
propriations required for the public service
during the fiscal year ending june 30, 1882
has been completed. The total amount esti
mated for legislative expenses is S3,03S, 643
The amount appropriated for the fiscal year
ending June 80, 1881. was S2,971, S97. Esti-
mated for the executive proper, S98, 06S,
against S97, AGA appropriated last year. Fol
lowing are the estimates for the several
executive departments during the fiscal year
ending June 30 1882, and the appropriations
made therefor for the fiscal year ending June
80, 1881: Department of State, 1882, $685.
44O; 1881, S159 $40: Treasury, 1882, S9,-
356, 1884; 1881, IS ZIG, $40; War, 1882, ST.
257,9 $3.50; 1881, 81, ,224, $50; Navy. 1882. $685..
420; 1881, S173, 160; Interior, 1882, 81, 325,-
204; 1881, 81, 045, 9S4 Postofice, 1882, S697,.
1872; 1881, S6O1, 4S0; Agriculture, 1882. 1884,
720; 1881, S244, 800 Justice, 1882, S137, ,420 /;
1881, S125, 1SO.
The total amount estimated for all the
tc 70 c1
423 for 1882. The appropriations made for
the same in 1881 were 81, $40, $50, $50.
Miscellaneous-Jud S399, 800; foreign
intercourse, 81, ,257, ,035 military establish
ment, $50, 240, 790; naval, SIS, 022, 331; In
dian affairs, 81, S5S, 500; pensions, $50, 000,-
600; public works. S15,059, ,535; postal
service, S3,630.75 Estimated amount re-
quired for the postal service for 1882, S42,
475, 1882 Estimated amount which will be
provided by the department from its own rev.
enue. aceFuing sag ing from postage and other
Of ss.6So,757; public printing, s2,oeS,-
Court of Claims. s4OOO0O; life-sav-
ing stations. s619,90 revenue cutters
service, 81, 100, GOO; engraving and printing,
S425 600; lighthouse establishments, S2,-
099, 900 !; coast and geodetic survey, S556 900 !;
maintenance of fish-hatching vessels, con-
struction of standard weights and measures,
suppressing counterfeiting and other crimes,
and for other miscellaneous objects under the
Treasury Department, 81 493, $50; signal
service, $3.50, 900; miscellaneous objects un-
der the War Department, 81, 432, 2S5; miI.
cellaneous objects uuder the Interior De-
partment, S2,2l7,175 miscellaneous OF jects
under the Department of Justice, So 265 600.
Grand total, S29S. .202, 722. The appropria-
tions for 1881 aggregated S29S, ,050, 097.
The New Orleans Pacific Railway.
New ORLEANS, November 24th.-At a
meeting of the Board of Directors Of the New
Orleans Pacific Railway to-day resolution
was unanimously adopted to submit to the
stockholders the question of the consolidation
of the New Orleans Pacific and Texas Pacific
Railroads. After the passage of the resolu.
ton Governor Brown, speaking for Colonel
Thomas A. Scott, said HE understands
by your vote that it is the unanimous wish of
this direction that the consolidation should
take place and that there should be coutin-
uous line of railway, under one management,
from the city of New Orleans, by way of
Shreveport, Fort Worth and Ell Paso, and as
much further as we may extend our line, even
to the Pacific ocean. Believing as he does
that you will cooperate to this end, he is
more encouraged than ever to push forward
this work to completion from your city to
the Pacific coast"
Opposition 10 Secretary Sherman.
CHICAGO, November 24th.-The Tribune
makes another disreputable attack on Secre-
tary Sherman this morning, because, as it
alleges, he repudiated the hotel bill of some
Southern delegates to the nominating Con-
vention at the Grand Pacific, and left Foster
to pay it. Facts have already been adduced
to show that there never was such hotel bill
against Sherman, and that there is no truth
in the story. In any event the Tsibane's at
tack is considered in exceedingly bad taste.
The Treasury secretaryship.
CHICAGO, November 24th.-The Times has
q special declaring that it is settled that Gar
field will, during his visit to Washington,
offer the Treasury portfolio to Sherman, and
heartily indorses editoriallY that determine
tion. 1t accuses Foster of bad faith, and lays
at his door the defeat of Sherman at Chicago
but asserts that Garfield stood true to the
Secretary It claims that Sherman has
right to the Senatorship from Ohio. if he de-
sires it, but thinks it wiser for him to keep
his present position
will Fight 1t Out on that Line.
CHICAGO, November 24th.-The Times
Washington special says Secretary Sherman
said to caller this afternoon that he intend
ed to remain in the Senatorial contest.
Gossip from Washington.
CHICAGO, November 24th.-The Inter
OeeGa's Washington special says: All at
tempts to draw Garfield out on Cabinet ques.
tions have failed, and all reports regarding
the Cabinet may be set down once for all as
pure speculation. Garfield talked with Sher.
man to-day but not privately, and nothing
vas said about the Cabinet. Garfield also
keeps entirely aloot from the Senatorial mud
die in Ohio. 1t is believed that Sherman
would prefer the Senate to the Cabinet.
Mosby, Consul at Hongkong, has applied
for leave to come home. which request the
State Department has refused. Secretary
Evarts believes that Consuls and Ministers
should remain at their posts and attend TO
their business. He sat down heavily on
similar request from Minister Noyes last
summer. However Mosby writes that be
intends to come any way.
George e. Gorham had quite an interview
with Garfield to day, but says there was
nothing in it. He doubts whether Garfield
has single man fixed up for Cabinet officer,
but no Democrats will be appointed, even to
one-horse clerkships. The new administra-
ton will be of "stalwart" havor The
Grant people will not attempt to run it, or
anything of that sort, but they will have a
fair recognition.
The Electoral Error In Inalana-How it
Happened.
INDIANAPOLIS November 24.h.-The error
which defeated Elector Parker was made by
the local authorities, whose roll books showed
the name of Bennett instead of Parker.
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