National Republican. (Washington City (D.C.)) 1872-1888, 1881-09-20
MINING STOCKS.
DANKERs' EXCHANGE.
"a. aoH 49, - a

ee-day bills ....- isS sixty-day bills .. isiJs
WALL STREET GOSSIP.
Il New YORK, Sept. 10, 10 a. m.-Thc average tenor,
sof the gossip at the uptown clubs and hotels last
might on the stock market was bullsh. being some
swhat Influenced, probably, by the moro favorable
2condition ofthe President, and good many people,
Thought that he had still some prospects for rel
}coyery. The confidence in his convalescence was
snot however very general and in the event of the
srecep ton Of bad news again 1t was thought there
3would be another decline in the market but ID
was not believed there would be any panic, and
sunder any circumstances, the depression would
fnot exceed or per cent, AFTER which the market
Swould respond TO natural causes and improveY
fThe Gould-sage following generally adopt this
9yiew, and the bulls argue that the wealth of the
scountry aud the moneyed men Of the country arc
Ron their side. This party claims that the market
us now inclined TO go mp and has an extraordinary
2strong underone that the short interest has lately
2increased largely that the confidence In Amen
xcan securities abroad is undated, aud the orders
<from London 10 buy arc more numerous than those
ITO sell. and, finally that Secretary Window is sure
3io soon enter the market as buyer Of the ex
sthe trunk-line stocks, The strength of
i Lake Shore was partly attributed TO rumors
2that Gould and Sage had 10000 shares recently
7placed in their names, which In some degree ac 4
tcounts for the scarcity of the stock, and partly o
Bthe rumor that the manager. would this week.
3sioner Fink, however. stated on Saturday that
1hcre had been no call made for any such confer
Fence twas Likewise reported thattheIe Is a bull
spool In Michigan for 10 this week, aud that this
3stock was also scarce and oyerSold. II was XII
Stated that the pool In Erie was very strong
land that William II, Vanderbilt had n hand
M the upward movement and had been buyinsI
Ithrough Grant & Co. There was also said to bel
5good buying of Omaha preferred, which Is the)
sKeene still tsks very bearish, especially ON west-I
Fern Union, and the Vanderbilt brokers also nidI
sthe complaints OF general mismhnagement andi
tpoor service are the arguments put forward. Thel
dshort interest In the latter Is estimated large as
100000 shares and fully 20 900 shares shorts wefeI
apnt 0T o SS,n@Sa f ar .rN who S
asay another twist is possible, but not probable /
eHuchnsons friends say he let several brokers' OIL
Eat par OH the common who could moi pay morgi
swilhont losing their seats, when the stock was sci
Hing at $50. Duf urged him 10 sell out the brokeTsI
5mcmbership for the balances, but Hutchinson re
Snsed to IT. The threatened twist referred 10 Ind
lannbal In this paragraph Is in the preferred stock
4as will be readily understood not in the common
(which Is already out Of sight President Dilonl
tRailroad, arrived here yesterday, Clarke said yes
tterday that the unprecedented large earnings OF
sn sn company Enme principally from The reishl
(which the new Union Pacific oregon extension is,
9bcing buit-a distance Of 800 mllcs--wAs rChGrl
Ethan the Union Pacific Ia mineral, timber, and
Hand. The crops In Nebraska, he said, would az j
kgrcgato rs large as last year and the agricul-I
8ure Of this State y generally safe. Sage telsl
31iyldend Of per cent. ON Delaware, Lackawannal
fand Western, but don't know whether II will bel
feclared with the next quarterly dividend or the,
tthe subsequent one, Chicago advlces say that heI
sGrand Trunk Is endeayorilg to force rccogniiOnl
3from Vanderbilt who stil ignores aud declines o|
snolce It's local cuts, East Dound freghts remain
sat the 12lS cent rate. The Pennsylvania Central
(which has connection with Toledo, on SATURDAY.
Ycut rates from the latter point TO New York to 81
land Boston TO -. The officials report Of the Metro
fpolltan Elevated Company, furnished BY the re /
{ceiver, show that from October l. 1880 TO JulSl
lis, lSSl-date of their appointment-the road failed
Ito earn the interest on their bonded debtby Sll 76S