National Republican., 1881-09-07
MINING STOCKS.
eovERNMENr BoNDs--cLosINe QUOTATIONS..
HANNINST EAIHANUE'
Three-day bills lsiIs Slxty.day bills 4sl
WALL STREET GOSSIP.

WALL STREET GOSSIP.
NEW YORK, Sept. 9, 10 a. m.-The improved tone
of the stock market at the close last night was
gardod by many as indicative Of another upward
turn in quotations to-day. Some Of the largest and
shrewdest room traders and their friends say that
although many shorts have covered up, the gen.
eral outlook has certainly improved within twen-
ty- four hours, and the bulls intimate that some
thing may develop from Saratoga to-day or to-
morrow Of an important character In the trunk
line affairs, and on this there was good buying of
New York Central yesterday. A wager was made
in the long room yesterday OF $1,000 that 81. Paul
common would sell at 100 before at 10.
The St. Paul Railroad people declare that
the next report of this company will show that
the earnings of this road from the transporta-
tion ofwheat amounts TO less than per cent. Of
the srangers Is claimed 10 be excellent and
points are given out to buy them all for 10 per
cent rise; also Northern Pacific preferred, Jersey
Central, Union Pacific Chicago aud Alton, and
Illinois Central. The large aud confident buying
in the market here and IN London OF
four and four four, and hall half per f., Gent: Gent,
is said TO be fully in accordance with private
Washington advccs stating that the Secretary of
fetal notice of the proposed purchase Of Il very
large amount Of these securities, aud probably
also Of the extended ilves and skies, and ho will
S3OO,0O0OOO cash balances. one of the re-
cevers OF the Reading Railroad now estimates the
gross receipts Of this company this fiscal year as
g%itseTaSSd gysSlSSd %st %esE but but eSpscts ESS m
Ing claim that the value Of Missouri Puclfo stock
has largely appreciated within few days past
through the rise In the Pacific Improvement stock.
Of this party, continue TO talk very heaiish on
Michigan Central and Canada southern. and de-
clare that neither OF these roads are are
interest. Joe llarkeI is very bearish on New York
Genital and Lake Shore. Sage declares that this
talk Is all To buy stock on, and says he win give
Hnrker the market price of yesterday fora con-
trolling portion of The Michigan Central stock.
Sage is bitter against the Vanderbilt management,
which he accuses of diverting traffic to and from
various lines TO trim the stock market The Gould
party continue to talk bearish on Metropolitan
Elevated and in favor of the underground scheme,
and predict within sixty days complete reor-
ganiZation of the whole elevated system, with
Gould and Sage at the head OF IT, Boston adyices
represeut that the differences between the Union
Pacific and the Denver and Rio Grande have been
settled and new traffic alliance formed, There Is
SG hint Hm Bosoa nasy o. soIE HE %SS On hG
declared at the Chicago meeting, called for next
week.
three days in September increased 1903. Messrs
Sellgman A. Co, say their London correspondent
telegraphs this morning that money in the open
A better demand Is predicted there for railway
mortgage bonds Mr.. Gould says the Western
Union net earnings for the current quarter amount
TO over 81 900 000 or 25 percent. on the stock Tho
Chicago and Rock Island Railroad earnings for
August increased s37S,0O0 over last year. The
presidential train is expected 9t Eberon at l'l5 p
m The Chicago markets are all closed up to-day
by the proclamation Of the Governor, requesting
Tie observance Of day OF prayer for the recovery
Of the President. The street prices are rather
higher than yesterday. October wheat, tl,25, and
corn, 62szc.
week In August increased S909lS The earnings
for the month 81 S37 against 81 l65, ,3 last
year; increase, S357bl3.
$50 p. m.-Money is q per cent bid In the Ex-
change. evidently by many who put of making up
accounts ill late. Unless Il becomes easier before
the close Il would not be surprising to see tho
market sell or
m.-St Joe common Is cornered. 1t Is ro-
ported that Keene is short 1900 shares, and 1t is
evident the pool can put Il anywhere they please,
We think II pretty good bull market to-day, but
don't want 10 be too sanguine for 10. morrow.