National Republican., 1881-08-27
BANKEHs' EXCHANGE.


Threeday bills -....- 43I Sixtyday bills .,,.., 4S0k
WALL STREET GOSSIP
NEW YoRK, Aug. 26, 10 a. m.-The Washington
dispatches received at the Branch last night re-
garding the condition of the President were very
discouraging and there was prevailing impress
sion that he would not live the week out The
stock dealers generally thought this result had al
ready been partly discounted on the market. Snge
said the raid on Union Pacific yesterday was made
by Keeue, who covered up about half his sales.
The break was assisted by report that an opposi
ton road would be extended to Ogden by the Chi
| cago, Burlington, and Quincy, but in the name of
the Denver and Western and Wyoming road now
being built, the bonds for which have already been
bilt aud Belden had sold stock was stoutly denied
ConnOr said he was mainly bulish on Western
Union and Missouri Pacific, each ofwhich viii be
derbilt had bought large block of buildings In
the vicinity of Bowling Green, for terminal acill
| ties and for his underground railroad depots.
| Lawyers say that Manhattan Elevated stock ought
| to he great purchase on the excellent prospects
of the STOCKHOLDERS recovering par yane, for the
same from the New York and Metropolitan Ele-
| waited Companies, they declare there is hardly Il
shadow ofa doubt If the suit is pushed that they
| will recover handsomely from the corporations,
directors, and original shareholders, TO whom IL
was allotted, The rumor Is again received of
scrip dividend this fall on Delaware, Lacka-
wanna, and Western, representing old passed diyi-
| dends The Chicago Tribune this morning says II
is reported on good authority that the directors Of
voted 70 build 10 Denver, connecting with the
Denver and Rio Grande n distance Of three hun
| dred miles, giving the Denver people an independ-
| ent outlet 10 the East long sought. The movement
Is directly antagonistc 10 the Atchison and Union
| Pacific Roads, and, as an aggressive step on the
part OF the Burlington people, is most important
| one.
ip. m.-The Union Pacific earnings for the FIRST
| twenty four days Of August were s562, ,520 The
| twenty fourth day they were Sl09,0j2. Judge
| Howe a director Of the Northwest road, writing
| from Chicago, says: ~ am no believer in tho
present high prices for grain. Wheat Is, believe,
| about 20 per cent. short Of last years enormous
| harvest. This crop is unquestionably short in
| Illinois, Indiana, and Missouri, and spring wheat
in Iowa is also less than last year-perhaps 20 per
| cent But In Minnesota, Dakota Territory, and
| Wisconsin II is larger and of better qualify Kan
sas and Nebraska also have iarcrops. Corn prob
ably is about 10 per cent. less than last year. In
| southern Illinois, below the Vandalias line, corn
Is almost total iailnre, but the great Central belt
| has fair crop. Iowa hns good corn on highlands
| but poor on low bottoms, The States of Minnesota
and Wisconsin, for the first time IN their history
| have a large corn crop and increased acreage. Mr.
Gault, general manager of the Wabash, says this
| company will earn as much money from
| corn transportation this year as In 1880
There is certainly nothing in The condition OF this
will not reduce the Northwestern earnings from
corn per cent OF coursean early frost might turn
the tables, but the weather now Is exceptionally
warm and favorable.
| 2.b5 p. m.-Chicago dispatches this afternoon re-
port that there was a break of about cents in
| rope Washington dispatcheSreport that Secretary
| Window is determined 10 relieve the money mar
ket, and is considering the policy OF calling the
| extended 3% per cents The Delaware l.acka-
wanna aud Western report for July shows q per
cent net earnings on tie sIock In that MONTH