National Republican., 1881-08-03
FINANCrAL AND coMMERCIAL.
stock and Bond QuotatIons-B Baltimore
mud New YorIt Produce MnrItets.

The following observations on the trans
actions in the financial market yesterday, together
with opening highest lowest, aud closing quota
tions are furnished by the banking house of II. ID.
Cooke, IT,, & Co., 1929 + street. Washington, d. c.;
NEW YoRK Aug 3 s;l0p m.--Tho marketopened
steady at about yesterdays closing prices, and was
duh and strong all day. The rumors Of proposed
meeting Of the trunk line presidents tomorrow at
Saratoga had but little effect as Il Is believed TO be
the policy all of the lines to keep the freight
rates at present standard, or rather below the
posted canal rates. and that there will be no settle
ment Of the apparent difficulties while there is
comparatively so small an amount Of freight TO
carry. The dullness Of the market is It's principal
feature Governments are strong but dull atslightly
improved prices. Money easy at per cent.
NEw YORK, Aug. q 045 am-The tenor Of the
gossip about the immediate course OF the stock
market last night was rather in fayorof q dull and
drifting movement, or until something transpires
regarding the probable action OF the trunk lines
about their differences. Later on aSaratoga move
ment in the upward direction was predicted
whittier great many traders are now vending
their way, 10 remain during August
| The New York Central and Lake Shore Railroad
people say that the general travel and passenger
traffic of these roads is now greater than ever be-
fore known and the local traffic is largely remune-
| fntivc, because the rates for this portion Of the
business have not been reduced.
relative Of Mr.. Keene's says the latter is bull
on good stocks, and his information has been that
the trouble between the competing roads was in q
fair way Of adjustment; but there is no con1rma-
| ton of this fact from Vanderbilt sources, and if
any understanding has been reached the parties
to 1t have probably agreed to keep IL private.
The brokers soy that Keene was selling out again
yesterday, and that ho is liable to turn bear at
moments notice. The stock houses are complain
ing OF lack Of orders yesterday, and say that the
trading is mostly confined to the room traders, who
Gould and Sage are said to be doing but little at
| present, aud number of other traders are of ON
| their yachts for the annual August cruise,
The railroad people here say that the New York
Central Company's freight agents taking all the
West bound frcights they can get ut whatever
| Saratoga special says advices from Montreal
this morning are to the effect that the Grand Trunk
$40. This cut, It Is Thought, will soon bring mat
ters to focus, and compromise viii naturally bc
Garrett OF the baltimore and Ohio, arrived in
this city last night and Roberts, of the Pcnnsyva
mia Central, Is coming over to-day, when both VIII
| probably proceed to meet Vanderbilt at Saratoga,
ms agreed upon. There is disposition TO give one
man full control OF rates by all lines ana money
| pool, with fOrfeits.
says the receivers report will be issued on Sntur
| day. The future of the receivership depends on
the New York Elevated suit to recover back its
road.
ii55 A. MA Philadelphia telegram says that
two important rumors regarding Reading are afloat.
| One - that the new financial scheme embraces the
issue of large amount of stock, and the other that
| Mr.. Gowon has secured the promise of decided
| financial support from Mr.. Mackey. of California,
| at the next annual election. The confidential
friends OF Mr.. Gowen intimate something still more
favorable is likely to develop shortly than has yet
been hinted at, and the stock and bonds will go
very high
The bull pool in Hannibal common and preferred
| talk par for the common this week, and propose 10
put the preferred to l3O The deal is run BY Alley
| Il Dowd and Kennedy d Hutchinson.
| Insiders In the Wabash movement say that 800
shares of the common is locked up in Drexel, Nor.
gan d Co.'S office, and so is the price talked OF for
the stock this fall. II Is assayted In the most posi-
tive terms that the Vanderbilt people are in the
| pool.
1P. MA special Saratoga dispatch from parties
high In railroad authority state that the trunk line
troubles will positively be amicaby adjusted this
week. The meeting for this purpose will convene
| to- morrow.
An important dispatch from Adams, Mccormick
| 4 Co., Il prominent Chicago house, says: THE
weather continues fine for the harvest. but dry and
| unfavorable for corn The clique has now paid
for the bulk of the stock of wheat Here and there
| Is large short interest in August options Appa-
1 rently they intend to carry the deal through and
whatever their course may be will largely deter.
mine the course of the market for the next fort
celptsless than anticipated, but the drought mainly
strengthens the market" After this dispatch was
written rain was reported in the corn region.