National Republican., 1881-08-11

stocks yesterday, rs were also their friends and
other inside parties Woershoifer was the largest
buyer OF lake Shore carly yesterday morning,
some thought for foreign account aud some
snid for Gould. Olcott and Cnrrolin were steady
purchasers all day, and prominent Wall street
adhere to the belief that dvidend-paying stocks
are good purchase on every reaction, and the
market is good one to trade on. Frank Works
house ssaid to have bought % 900 worth Of good
stocks within the past few days for long account,
aud the head OF prominent Broadway commission
house, which has the reputation of being bear
concern says fully three quarters of its contracts
at present are on long side Of the market Aside
from the officers it Is claimed there arc none
others of magnitude who. are long and this
shows that the securities have been absorbed
and are not In the street for sole. There
was story at the Branch last night that
Keenes recent trip down to the West End was for
the purpose OF offering Grant the control Of
ole of his enterprises, but the latter declined
her and says the company will probably increase
The dividend from TO per cent The Chicago
1n6'me this morning contains reports from the
crop advices received from Indiana, Illinois,
Michigan, Wisconsin, and other States, grain OF
oil kinds Is suffering from the severe drought with
probabilities Of not more than two-thirds yield
Corn and tobacco look badly in Kentucky Mr.
vanderbilt in an interview with reporter here,
SAID last night important inatters must be settled
need there was for a conference. He knew of no
war; he was, Fighting nobody the New
ness and he had simply followed the rates OF
other lines and henceforward his rates were
tho same rs theirs lie did not begin
the cutting, and was perfectly satisfied with rates
down to hard-pan, where there could be no more
stealing. The Erie Railway had cut rates all win
ter and the spring: The baltimore and Ohio claim
OF per cent. Of New York business is unjust be-
cause not New York road and this mnttcr Is yet
10 be settled He concluded by stating that he had
line presidents, and had not been invited TO doso
The passenger business alone ofthe New York Cen
tral Increased in July $4,000 and the Lake Shore
1920 p. m.--The Chicago and Northwestern
earnings increased the first week In August sS7,-
600 and the Chicago and Omaha s25070. The
railroad people say that an entirely new basis for
pooling has been suggested. providing that the
division fthe traffic shall hereafter be made on
the basis oftho gross receipts instead of the per-
centage of tons OF freight moved. BY this means
al inducemcnt 20 cut prices will be removed Mr..
Nanderbilts intimate friends have reversed their
Of the war, and they now say that the contest will
continue until the prices of stocks are lower.
From this It would appear that Mr.. Vanderbilt
wishes TO buy his own stocks at lower prices.
Mcssrs Selignan & Co. say that an important new
railway combination has been formed for build
thirty parallel north o, % tbe cooISdo River gm INC to
san Francisco and the parties to Il are the Union
Pacific, the Texas Pacific and the Atlantic and
Gibson, Topeka and santa Fe and the st. Louis
ana san francisco companies. The construction
SmPSpy %r SGgy TpSnS ps S1g SG g ps
Railroad earnings the arst week in August were
WI, ililHHHhNt ~ IuO'tu Us nNNlllg Slhteu tnnt
nothing would be accomplished nj the railroad
meeting to-day. Superintendent Rutter has given
orders for the New York Central to adopt what
ever rates the other lines may agree upon. The
first shipment Of gold this summer from Europe
was made to-day, 100000 having been forwarded
TO this port. Bankers report an increased demand
for prime railroad bonds at former prices A one
hundred thousand dollar lot of st. Pauls were
taken o-day on private terms. John Bailey, who
was associated with the Ames people IN building
the Union Pacific Road, has been elected president
OF the Oriental Miller State Line mining proper
tpg