National Republican., 1881-09-16
Threeday bills ..,- 4sis slStyday bills ... Isl ~ ~

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wALb STREET GOSSIP
NEW YORK, Sept. IS, 10 a. m.-Thcre was but lit
tie surprise or disappointment manifested at the
Windsor Hotel last night among the Stock Ex-
change traders over the sharp decline IN the mar
ket yesterday afternoon, because some reaction
had been partly anticipated, In view Of the late
considerable advance. A higher range Of prices
was predicted again to-day before the close Of
business hours. Mr.. Gould said yesterday after-
noon to his friends that he thought the market
would be purchase this forenoon. The Western
Union quarterly report was discussed 10 some
extent last night and was generally con-
sidered good showing Mr.. Gould told
his acquaintances that the $4,000 cash surplus
was net revenue from actual earnings and service,
and included no funds derived from the sale OF Sc.
| curities, as had been rumored. The actual re-
ceipts, he said were really 100000 more than this
| sum, which had been carried over TO the next
| quarter, and the earnings had been per cent on
| Wabash Company had Just declared its regular
quarterly dividend, ON the preferred stock OF ~
parlor cars on all his roads and they were being
rapidly built, The Field suit for the recovery OF
the New York Elevated Road from the Man
day he had heard had been adjourned.
| George II. Chase and the Vanderbilt following
Joseph G. Mills said he was doing nothing in stocks
hut was great believer In the value of Erie mort
gage bonds He and Park, he claimed, owned
1
street. The brokers said last night that there
| no doub, but Gould and Sage realized considerable
| at the best prices yesterday morning, after which
| Keene raided the market. Savin x Boocock broke
| Western Union, Kirkner Lake Shore, and Hunt
| Michigan The latter captured 1000 Michigan
| 1t was said, which had been held ON stop orders
| Sage was i'll last night, and did not go out, He
expected to be o this morning. Director slater
OF the Chicago and Alton, and the largest single
owner OF the stock, says according TO the compa-
ny's special 0dvces corn along this road will ay-
eTage about n per cent of last years crop but the
deficiency is SO much larger In the South and
West he fears this company viii get but little of II
| TO haul. The drouth in Texas has been the most
serious for ten years, and corn is all burnt up
crop will be a fair one and may amount
to 6,5OO00o bales, The loss by drouth
| TO the plant in the uplands will be
more than made up by the larger yield on the
| lowlands besides cotton will grow three months
yet. The dividends on Chicago and Alton will
continue II the earnings are only 100000 because
ifbusiness pulls OF expenses WIN be reduced. The
$500 TO the Michigan fire funds AT the meeting
the governing committee of the Stock Exchange
| yesterday there was some talk about establishing
rules for the settlement of shorts In
cornered stocks, but IL was not learned that
any decided action was taken. The president
of the board said before tho meeting that
he was opposed to any change in tho rules and so
bers. 1t was not proposed to make new rule for
| Hannibal settlement, but to establish rule for
future cases. In order TO protect brokers' Joe Har-
| ker who Is a director and member OF the Western
| Union Express Company, declares the revenue for
the quarter Just ended included large roalzations
on other securities Mr. GOuds deniais to the con-
trary Notwithstanding,