National Republican., 1881-08-18
MINING STOCKS.
BANKERS' EXCHANGE,
Three-dAy bills 4sl,S Sixtyday bills ,,, 4s2Ii



Three-dAy bills -.,..- 4sIjs Sixty.day bills ,,. 4s2i
WALL STREET GOSSIP.
NEW YORK, Aug. II, 10 n. 1.-The continued un-
favorable Washington ndvices, as buetned at tho
West End Hotel last night, created great deal of
apprehension among the many bankers and brok-
ers there assembled, and more orders were again
cabled TO London, Amsterdam, and Frankfort TO
sell American stocks this morning. The order
brokers in the Stock Exchange say that Gould and
Sage had many sustaining orders In the market
yesterday to hold the Southwesterns and tele-
graph, but they suspicloned that orders TO sell
greater quantities were given TO other parties and
greater amount OF stock was sold than bought by
this party. Sage again remarked last night that
the present was the proper time TO buy the market
on a scale for the autumn campaign, but he ad.
mitted he had been wrong In his Judgment since
the Presidents last relapse. Bankers who have
money to loan in the street are very gleefll in
the advance In the loan rates yesterday TO per
cent, and the brokers declare that the banks are
ing Prices Some say that dearrr money Is quite
likely TO play an important part In the stock oper.
atlons alton ioT - inc next Iory days; The shrewdesi
ties 10 sustain have generally made time
loans at per cent, running until Feb
ruary J. thus udlng over the usual iall stringency
and The January settlements, There are rnmors
current ~ Stock Exchange circles which are prob.
ably well founded. that Mr. Vanderbilt Is long Of
about 100000 shares Of Philadelphia and Reading.
Some think his object is TO thus break up Gould's
Wabash Jersey Central extension Southwestern
scheme by Wrestling from II the Reading roads
Lebanon Valley and East Pennsylvania lines
and others incline to the opinion that his plan Is
to form with Reading some sort Of connection with
his own roads. The shrewdest brokers have about
given up trying TO unravel the mystery Of the Lake
Shore deal. The fact that very large houses are
oitentimes buyers at the highest figures and sellers
at the very lowest prices makes the speculation an
enigma to the sharpest traders In the board The
papers in the new Manhattan suit IL Is stated, will
be filed day. The Chicago 1fibune's harvest re-
ports Of this morning says there nre general COM
plants OF short crops In Southern Illinois, but the
Northwest reports fair wheat yield OF excellent
quality. The crops In Nebraska are much better
than previously reported, Taken all in ALL the
Kansas crops are very satisfactory, and there Is
probability that the State viii become great pro.
ducer OF cotton.
1910 D. MA Philadelphia dispatch says:
"Conjeciure Is rife as TO the object Of Mr Wander
bits large purchases Of Reading. Its known that
Gowen coniemplRtes extending the Reading road
from Harrisburg southwesterly, making the
shortest interior line Of the Southwestern system OF
roads TO Philadelphia and New York that can be
made. He also intends TO construct line south of
the Pennsylvania Railroad 70 Pittsburg, The
present Jersey Central Wabash extension uses over
one hundred miles Of the Catawlssa road between
Tamenend and Milton, Pa, which Is now leased in
perpetuily 10 the Reading Company, and, further,
the Reading Is the contemplated extension Of the
Baltimore and Ohio from Philadelphia 20 New
York. It's terminal facilities in Philadelphia are
known to be very great aud important Hence II
VIII be seen thallhe Reading occupies very com