The Evening critic., 1881-09-23
Current Rumors I'm Wall street.

Special Dispatch to THE EvENING Critic.
NEW YORK, Sept. 23-Thc majority of
the predictions up town last night for this
morning at least, were usually bullish, and
much confidence was expressed in President
Arthur and the conservative policy indi-
Gated in his inaugural of yesterday after
noon.
Opinions were, however, somewhat con-
Trajectory as to the plans Of Window and
the proposed purchase of bonds.
In fact, nothing has developed as yet to
what his programme will be or when
it will DO announced, but something
conclusive, it was thought, would be
known next week. Nothing new was OBJ
tanned last night regarding the Trunk line
railroad matters, but it was understood
that no meeting took place yesterday of the
managers action having been postponed.
Mr.. Vanderbilt was at the races in the
afternoon, and in reply to question from
Joe Mills why he was not at the railroad
meeting, quietly remarked that he thought
the boys could get along just as well with
out him. 1t was generally conceded, never
theless, that the railroad matters would
finally be amicably arranged to mutual sat
isfaction, and when the insiders get stocks
enough in, the war may come to an end.
Observant brokers said that the course of
the stock market yesterday afternoon all
Hlnpcu OH uHc lnONCHlcnl III hcuuluS ~
Wabash preferred.
Gould and Sage put up the latter, assisted
by the covering up of shorts and the talk
of the bulls last night was of n further rise
vet of ten per cent. in each. This party
claimed that there were but sixty thousand
shares of the preferred in this country and
that the short interest here was almost
equal to this amount
The jump in Reading was principally
charged to the operations of the Vanderbilt
Osborne party, including large purchases by
w. l.. Scott, Osgood Nelson, Chaplin,
Trowbridge and the room traders.
Some of the old bulls and former uphold
ers of this stock sold out all their stock yes
terday, which was taken by the now par
ties, who predicted it would sell up to ~
to-day Hunt had 70l for two thousand
shares last night after the close
The Delaware, Lackawanna & Western
people say that their August earnings were
equal to 40 per cent. net and so far this
month indicate 160 per cent. on the stock
! Some of the directors are in favor of
making an extra cash dividend next week
of 2l or 5por cent, while Others oppose IL
and say they wish TO increase the surplus
against a possible disruption of the coal
combination ut later day.
The Union Pacific earnings increased the
first eighteen days this month S335,000.
There is said to be a strong party in Omaha
preferred also in X. r., and it was reported
last night that each would sell higher to-
day. The Chicago & Rock Island Railway
Company yesterday declared the usual / z
per cent. quarterly dividend, Sage said
last night he had been telegraphed from
| Washington that President Arthur would
convene an extra session of the Senate next
month.
The Cammack-Mills party and following
continued bearish on the market last night
and believed if the quotations were higher
this morning stocks would be q great
sale
The Union Pacific earnings for twenty
one days in September increased 1895, 400.