The Evening critic. [volume] (Washington, D.C.) 1881-1885, 1881-08-12
Current Rumors in wall street.

Special to TIE EVENING CRITIC. iTr
NEW YORK, Aug 12.-It was the aver
ag G impression at the Branch last night
that the present uncertainties surrounding
the Trunk road matters, and the apparent
indifference Of the Vanderbilt people as to
the situation might cause continued dull
brokers' market for day or two, but there
was much confidence expressed in another
sharp upward movement presently.
Certain brokers, who are usually shrewd
and well informed and are now executing
some of the largest orders in Lake Shore,
New York Central and Missouri Central, be-
lieve that the Vanderbilt boys are buying
them whenever they are weak, but the lat
ter would rather sec them decline than ad-
their load the sooner it is believed that
Vanderbilt will consent to some kind of
new pooling arrangement.
Woerishoffer says he is q bull on the stu
alton, and he believes in much higher
market in September. His grain advices
from points along the st. Paul road are bet
ter day by day. Sage still talks bull
ish, but his opinion on the market
is not regarded just now US very significant
Osborn continues bearish, but his house is q
bull, and as much long as short.
Mr. Keene's friends say he was still talk
ing bcarish yesterday, and declared there
Nuo hO hidihcO WOltit OpCIdtiHB IlC 10
said to be selling l.. s. and the Southwestern
stocks more than anything else. The only
privilege he has recently sold was a spread
on 5000 /. c. last week.
There is a strong bull party in d. l.. & W.,
which is being worked by Kennedy and
Hutchinson, and it is claimed fair short
interest has been entrapped.
Higher prices for coal are predicted again
in September. The buying ofWestern Union
is also claimed to be excellent. Eckert, it
is said, is sure to be made president by
Gould ut the September meeting. One of
the new opposition lines has offered to sell
out already.
Gen. Grant received message at the FL
boron last night from DR.. Bliss predicting
that President Garfield would be well
enough to be moved next week.
Mr.. Conner says Vanderbilt's demand
from the Pennsylvania Central, Grand
Trunk and Erie for five years freight
pool, based on the earnings of 1880, keeps
the matters unsettled. The Erie & Penn
sylvania Central propose to have Wander
bits ultimatum to their Board of Directors
to decide, but Garrett, of the Ii. & o., is
willing to sign such an agreement at once.
The Union Pacific earnings for the first
nine days in August foot up S72l, 900, as
against 1851, 900 last year, an increase of
$4,000, or a gain Of "a per cent.
A prominent director of the ID. l.. 4; W.,
who is q large stakeholder, says the divi
dend rate will be increased in October.
A Chicago dispatch says the Grand Trunk
has made an open rate for fourth class
freights to New York, but the source of
this statement is not positive.
A gentlemen who has seen the legal docu-
mcnts says the proceedings will be COM
menced in the United States Court here
within ten days by the holders of $4,000
shares of Manhattan, who have paid in 80
cents per share for the law expenses, against
the directors of the Elevated roads for the
value of the Manhattan stock sold by them
The other victimized stockholders will be
permitted to join the plaintiffs shortly in
the suit