National Republican., 1881-09-06
,iISINn srncKs
bankers ENCHANGE.
Three-day bills -....- 4si SiSty-day bills ,....
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Threeday bills 4si SiStyday bills ,...... 4s0k
-- WALL STREET GOSSIP.
NEW YORK, Sept D, 1880 a. m.-Thc Gould Sage
following were much gratiied and encouraged
over the slight gain in the market ON Saturday,
but were not very enthusiastic over the situation
while so much is dependent upon the money
market and Secretary Windows plans. Conner is
industriously giving out through the papers the
statement that Gould finds the Metropolitan Ele-
waited so hopelessly involved that he will retire
and go in with Vanderbilt for the underground
scheme. The Garrison party say this tale is clrcu-
lated to bear Metropolitan and New York Elevated
stocks, which Gould wants to buy and there is no
probability of q copartnership of any.kind between
Gould and Vanderbilt The feeling yesterday was
generally moderately bullish, especially for the
granger stocks, the buying ofwhioh Is excellent on
the extraordinary earnings of all the lines
The Western telegrams received here by
the Western railroad officers state that the
rains ofthe past three days have been of immense
value 70 nll kinds of crops, The ST. Paul Railway
people say the Times calculation yesterday of a
shortage of 100000 bushels Of wheat In Mime
sofa this year is II great exaggeration and what
ever deficiency may really exist will be more than
gained in oats barley, and corn. Sam Sloan ad-
yised personal friends yesterday TO buy Delaware,
Lackawannn and Western, saying, IL won't hurt
you, anyhow" II was reported that Receiver La
throp would hardly recover from hisattack OF dys-
been to his office in ten days. The state:
ment comes from Philadelphia that pool
OF 10000 shares OF Reading has been or
ganized there in Gowens interest, and the
determination Is TO hold the stock over the closing
of the books and secure his election at the next
annual meeting. Connor says the Western Union
quarterly report soon 10 be announced, will show
over per cent net earnings. The Mobile and Ohio
August earnings increased SlS,75i increase since
January l, S126,S76. While the average sentiment
was buish yesterday, the bears declared there was
nothing in the stock market except occasional rail-
lies, which would continue to be followed by
gradual sinking OF prices and shrlnkage in trad
Ing until there had been greater liquidation
1t was urged by this party that great
many people were simply waiting TO get out aud
would avail themselves Of the first opportunity
Several very prominent stock commission houses
entertain similar ideas and advise their CORE.
spondents. Mr.. James seligman says the stringency
III money is not over with yet and there is danger
Of a high premium unless Window Is heard from
al once, The bears say the German party put up
Lake Shore on Saturday, but they lost money by
the manipulation and subsequently sold out. A
number OF large traders have given up stocks
and are only operating In grain,
I'LL a. m.-1he Lake shore August earnings in.
creased 1000; the gain was from local business
The Chicago Tribune says there is no change in the
passenger war the Grand Trunk continues the S.
rate, with large sales, but other lines still charge
SIG to Boston and Sl5 to New York. Tue Lake
Shore and Michigan Central claim TO have a
heavier business than last year, and their Boston
seepers are constantly crowded General Mana
ger Gault, Of the Wabash, says there are the best
prospects of an amicable arrangement at the next
meeting Of the Southwestern pool he Is In favor
of recognizing the association, and viii make fair
concessions, but at the same time, will Insist upon
the Wabash rights.