National Republican., 1881-08-02
FINANCIAL AND COMMERCIAL.
stock and Bond QuotatiOns-BaItino m orc
and New York Produce Markets.

The following observations on the trans
actions in the financial market yesterday together
with opening, highest, lowest, and closing quota
tions are furnished by the banking house OF II. ID.
Cooke ,jr., & Co., 1920 street. Washington, D. c.;
NEW YORK, Aug. !, 225 p MA 81. Paul (Minn)
dispatch says that the condition of the spring
wheat crop on the Southern Minnesota road and
on the Chicago and Omaha continue very Aatter.
ing. In Central Minnesota fair yield is prom.
ised but on the Sioux City division OF the Chicago
and Omaha the cropimay be light. Further West
the reports are very encouraging. On the line OF
the Northern Wisconsin the reports are more ia
vOrable. on the whole, the outlook is bright. The
subscriptions to Keene's new postal telegraph
scheme arc said TO be fully covered.
New YORK, Aug, /, O45 a. m,-There was q stock
brokers' rumor current at the West End Hotel
Long Branch, yesterday that the basis for a settle
ment Of the trunk line war had been drawn up and
would Immediately be submitted for signatures. A
sort of an impression consequently prevailed that
these troubles would probably terminate about the
10Th instant. Sage aud Connor proessed TO believe
that the bears would not again attempt anything
like the last raid on the market because they did
not get all their stocks in before the turn came,
and they consequently found IL Improbable. This
party argues that stocks are now in stronger hands
will be better sustained by capital II again at
lacked, and that the foreign demand has finally
Mr. Gould's friends aud the woerishoffer party,
who arc in full accord, declare the general sltuR
ton Is greatly improved. The Northwestern har.
vesting is progressing entirely satisfactorily. The
yield OF wheat Is exceeding the estimates OF the
Agricultural Bureau. There Is great ease in money,
with early imports Of gold probable. The Presi-
dent Is conYalcscing rapidly, and finally there is
an immense volume of buying OF stocks by outside
parties, which has become very important ele.
inont and cannot be estimated, Some say that
| Keene has probably reversed his position on the
| market and that he has not only covered up about
2500O0 shares OF shorts, but may have great
an interest on tho bull side ne had on the other.
II is claimed that large proportion Of the recent
large purchases Of Lake Shore and other stocks by
prominent Vanderbilt house and also by another
| large Wall street concern, have been for Keene's
/ account
The bulls profess 10 believe that, the railroad
| warhaYing produced bed-r rates, freighls arc
now below navigation competition, and that the
| ticket scalpers are no longer able TO undermine
| regular rates Hence the believers in the market
urge that any further change whatever in the gen
eral railroad situation must be for the better The
| bears put in a general denial Of the rumors Of q
es alton OF the railroad war and declare that an;
| OIL or great slump is imminent, West bound
freights they say, are down for first class goods u
| Chicago from 70 cents 10 so cents, and contracts
| have been made at 37ls cents aud the Lake Shore
| July earnings decreased SS05,O00 On the othel