The Evening critic. [volume] (Washington, D.C.) 1881-1885, 1881-11-01

Special Dispatch to Tub EVENING CRITIC
NEW York, Nov. 1.-The more con-
snrvntivc bankers Mt the Windsor said last
night they thought the effect Of the Newark
Bank failure was Of less importance than
many imagined, and the depression in
stocks was more directly chargeable to the
natural stringcncy in money for November
settlements than TO anything else. A good
many loans were consequently called in,
and a considerable quantity of funds had
gone into the city treasury for taxes. About
$4,000, 900 is to be disburscd here to-day.
1t was reported that the defaulting
cashier Of the Newark bank had lost most
of the banks money In discounting notes,
u great deal of 1t having been paid to
Nugcnt & Co., who were cndeavoring to sell
down all the other Morocco manufacturers
in the United States. A portion of the
funds.was lost, however, In bearing the
Chicago grain market. Little or none was
lost In Wall street. The other Newark
banks fortified themselves against posi-
bic run to-day. The Fourth National, of
this city, sent one of these institutions
$50 900 in notes last night for this purposes
Seligman & CO. report great improvement
in affairs in Paris, and, although there is
still great imitation in values, matters look
much better. Sterling is down to 219
francs, against % francs. Money has loaned
good STICKS.
The Gduld-Sagc metropolitan Elevated
Railroad faction were before the Stock Ex-
change list committee yesterday afternoon,
with an application to have the asscnted
stock admitted. The opposition, rep
resenting $4,000 shares, opposed the ad-
mission, and the chances are against the
stamped securities being allowed OH the
list
Tho brokers say that the largest room
traders have apparently sold out theft long
stocks and have switched over to the bear
side also that the street was decidedly
bcarish late in the day.
The bears insist that there was good
selling of stocks from noon until o'clock,
and that the bull movement has cul-
minated. The story was reported last
night that Sammy Tilden hal sold out the
last of his U. p, but the bulls in it declare
that the investment demand from the
Astors and their friends has absorbed very
much of il.
The new fast palace-car train over the
New York Central, with dining-room cars
attached, will begin to run on Monday or
Wednesday next, leaving here ut 530 p. m.
one day and arriving at Chicago ut p. m.
the next day.
The Vanderbilt railroad people insist that
the war is by no means settled, notwith-
standing the advanced rates, and if the Bal;
timdre &HOhio, Pennsylvania Central or
Erie cut The tib't figures; orders have been
given to the Lake Shore, Missbuti Central
and New York Central Railroad Complexities
to meet them at once. They also say that
while Mr.. Vanderbilt has not recently been
buying any stocks, he certainly has sold
none, and he has not advised his friends
to sell short.
Mr.. Chase, the principal owner of the
celebrated Jummel estate, denies that
this property has been sold but is willing
to dispose of it. There are over 100 lots
aud - 100000 Is bid for the whole prop
erty. 1t will probably fetch 81, 100000
Mr.. Sage said last night he thought the
full effect of the Newark Bank disaster had
been discounted yesterday, and the market
would be strong and higher all around this
afternoon.
There is new and powerful bull party
in Texas Pacific for sixty this week.