National Republican., 1881-11-02

NEW York, Nov. 1, 10 a. m.-The more conserva-
tive bankers at the Windsor said last night they
thought the effect OF the Newark bank failure was OF
less importance than many imagined and the depres
sion In stocks more directly chargeable to the
natural strngency in money for the November set
Elements than TO anything else. A good many loans
were consequently called in and n considerable
quantity Of funds had into the city treasury for
taxes and about 100000 Is TO be dsbursed here to-
day. It was reported that the defaulng cashier Of
the Newark bank had lost most OF the banks money
In discountlng notes great deal Of Il having been
paid to Hugent 4 Co. who were endeay0ring 20 sell e
United states A portion of the funds was lost how
none one W was lost in wall Street The other Newark
banks fortified themseyes against possible run to,
these Institutions 10000 in notes last night for this
purpose segman & Co; report great improyemeein,,,
Bee Bi@ isGaH% steTlIns down 9i sne o Against
per annnm on good stocks The Gonid-sege- Metro
polllan Elevated Railroad faction were before the
with application TO have the assented stock ad-
e eG and Ss sS
the stamped securities being allowed on the list The
paPeatiy % S Sold 'I out S their long stocks and have
switched TO the bear side also that the street
st thsa aSers %as use selling Of rom noon
until three O'clock and that the bull movement has
den had soS the 5 P
ellie but the bulls in y declare that the Investment
| sorbed very much of It, The new fast palace-car
train over the New York Central, with dining room
attached will begin TO run ON Monday or Wednes
day next leaving here at half-past five p. M one
day and arriving at Chicago ut six p. nj. the next
The Vanderbilt railroad people insist that the war
| by no means settled Notwithstanding the advanced
rates, and II the Baltimore and Ohio, pennsylvania
| Central or Erie cut the new figures orders
| have been given to the Lake Shore, Michigan Cen
tral, and New York Central Railroad Companies ia
meet them at once. They also say that, while Mr.
certainly has sold nome and he has not advised his
friends to sell short. Mr. Chase, the principal owner
| OF the celebrated Jumel estate denies that this
property has been sold but Is willing TO dispose OF IL
There 100 lots and 100000 In bid for the
whole property. 1t will probably fetch 800 600 Mr.
Sage said last night he thought the full effect Of the
Newark bank disaster had been discounted yesterday
the market would be strong and higher all around
this afternoon. There is new and powerful bull party
| In Texas Pacific for 90 this week.
'll3O n. MA Philadelphia telegram says: 1.-THE
rains have proved of great value to the coal interests
and collleres that were stopped for want arc
be ably to increase their tonnage to the figures of last
year" Newark dispatch reports all quiet In bank
| Ing circles. No runs have been made upon other
hanks. The receiver is In charge of the Mechanics
National to-day.
2p. MA Columbus (Ohlo) dispatch says: "The
Supreme Court this morning granted 10 the Wander
bilt party permission to file petition In In the
railroad contest to the order of Franklin County
court OF October %, appointing receiver super
sedeas also granted staying all proceedings In
Judge Greenes court upon hlingn bond OF sO,On
The hearing upon the quo warrano and upon the peti
| ton in error Will not be had for some weeks.