National Republican. (Washington City (D.C.)) 1872-1888, 1881-10-12

BAHKEns' EXCHANGE.
rhree-da biiis......... 1885, Sixty-day bill

Three DAY DIS. 45Jts Slxty-uhy DllS''. 4iUs
WALL STREET GOSSIP.
NEW YORK, Oct. II, 10 u. m.-The fact was gem
orally known ut the Windsor Hotel last night that
the secretary of the Treasury had decided 70 buy
100000 of the December called bonds In the open
market, and the announcement gave great satisfac-
ton especially to the bulls the stock market, who
predicted higher prices to-day I'm consequence. Tho
closing prices were bid for 500 shares OF any
thing OH the list. One report was that the
extra purchase would be made on Monday
next. James Sellgman thought the bonds
should be bought Mt The bears generally dis
credited the statement that there would be any pur-
chases made stated but declined TO make wagers
with the bulls who had the news. Henry smith,
Mills, and Cammack argued that the market would
80 lower and that the money market had nothing to
do with the decline. Smith said the people would
now look TO the earnings OF the railroads and what
they will amount to with the essened crops and the
wars of rates lie believed the next Lake Shore
dividend would not exceed Ia per cent Mills
declared that neither Mr.. Vanderbilt nor his
intimate friends were buying stocks, and had
not been for sixty days. This party generally
believed that the recent large selling OF New York
selling long stocks. 1t was urged that the general
public were doing nothing aud that the market yes
ing 10 the smaller ones. II was reported thai Gam.
aaa up alleged % @ so
him the stock The Mutual Union opened TO Chicago
priced t New York Central sold yesterday was bought
for London, also considerable Erie. Russell
nent intends to assist the money market, whether
II IL found necessary to buy manybOnds or not, Will
reassnre Wall street and have very beneficial effect
on al circles OF finance and commercial trade. He
denied the rumors that the Wabash Pacific had cut
rates With the other Missouri River pooiers and said
the whole story had been made up fom the fact that
the local managers had recently made some reduc-
lions for the sake of charity for party of destitute
travellers. Conner says u proposition for new ele-
waited combination has been made on tho basis of
Manhattan and Metropolitan stock 70 come on the
footing and either 10 be equal to seventy
five shares of New York Elevated.
1910 p. m.-The Northwestern's earnings for the
first week in October increased s5i,iO0 Private ad-
vices from Philadelphia this m. are TO the effect
that there will be hut one Reading ticket nominated
at the next annual election and the selection Will be
a sort OF compromise affair between the McCalmonts
and the Vanderbilt Gowen. Bond interests. The Nc
Camonts offered to give all their proxies 10 Wander
bilt provided he would not elect gowen, but he re-
fused to mike any promises of this sort, The ST,
Pans earnings for the first week In October increased
S9.G3I.
2lO y. M Chicago adylces report wheat and corn
down cents pats cent? pork, 30 cents, and lard -
cents. The Hobbs party have sold out their corn.
The Armours predict lower prices for provisions and
grain. London dispatch says Herr Krnpp has con-
uacicd for the delivery In America OF Is tons
OF steel rails.