National Republican., 1881-08-23
MINING RrOCKs.
Threeday bills 4siS Sixtyday bills .... 4s2s p

Three-day bills 4si,s Slxtyday bills 452ls
WALL STREET GOSSIP
New YORK, Aug. %, 10 a. m.-There was more be-
lief yesterday in higher stock market this week
than in lower one, Notwithstanding the weak
and disappointing closing on Saturday. The bulls
at the Branch generally admitted that they had
been temporarily out-generaled for a day or two
and had been somewhat mistaken in their pre-.
dictions of higher prices, owing to exceptional
causes and Understanding the power of the bears
who had successfully raided some of the dividend
paying Southwestern stocks for the purpose Of
shaking the confidence Of investors and frighten.
ing them into stampede. Mr.. James seligman
said that American stocks were relatively higher
abroad than bere. Notwithstanding, money was
full as close in London as here. Sage said Keene
had vigorously raided the list, and Hutchinson
said that the latter's brokers had forced sales at
the cheapest figures on Saturday, while buying in
other shorts. The latter believed that the shorts
in Northern Pacific preferred would be twisted,
and said the buying OF st. Paul had been excel
lent, He thought the time to buy stocks
was now, when everybody wanted TO sell. Sage
thought 1t was not true that Vanderbilt had OPP
posed establishment OF trunk line rates for
speculative object IL was simply his policy 10 main
tain low rates to sangle the new opposition lines.
Mr. Vanderbilt, he says, has S500O0000 invested in
railroad property TO protect. Mr.. Dillon had in
formed him that the former has $1,000 shares of
Union Pacific in his name, and he (sage) knows
he owns ten millions OF Northwest five each OF
Chicago. Burlington and Quincy, aud Chicago and
Alton, besides being the largest owner of Rock
Island. Sage thinks II is no time to sell stocks.
Woerishofer believed the market would be 8 per
cent. higher this week, and when the gold begins
to reach us all demands for funds to the crops
will be fully supplied. Insiders in Northwestern
and 81. Paul declare that whatever may be the
general average Of the wheat crops in the West,
tho amount Of grain along their roads and
superior to last year. Harvesting 6 generally nm
ished and threshing well :, progressed.
ing, and at some points the yield of wheat is
enormous. In the Grand Fork section as high ms
forty bushels TO the acre has been reported. Sage
says General Dodge, who has just returned here
from the West says the situation of the crops has
greatly improved. The corn prospects are much
brighter In Iowa. especially in the northern por-
able II was argued by bankers yesterday that
money would probably flow here from the interior
again this week, and the k-down in the crazy
Chicago markets would improve the general sit
uatlon, because produce has for some time been
100 high TO ship. The new Metropolitan manage
ment denounces the new William Early. Manhat-
suit for the recovery Of the value of Manhattan
stock, probably because IL has tended 10 deprcSs
their stock. The Sage Kneeland party have larger
interests now IN Metrnop1oiin,ian lhan Manhattan
the stockholders OF the latter company. The Erie
Railway Company IN consequence of the strike, Is
refusing 10 receive perishable property for trans
portaton. Six thousand freight cars, fully loaded,
are lying at Hornellsville blOckaded. A Chicago
dispatch says great efforts are being made to ad-
| just the trouble between the Wabash and the
Chicago and Alton, and stop the cutting on the st.
Louis and Kansas City business. A settlement Is
probable tomorrow,
1855 a. ma Dubuque dispatch says the Mil
waukee and ST. Paul Railroad propose still an
other extension, from ShuelsbeTg TO that point
which would form through line from Dubuque
| TO Milwaukee, The Chicago Tribune says there are
very satisfactory harvest reports from Nebraska
and indications that all cereals will turn out a
| ing from the corn fields OF Iowa. Wheat not SO
good The general passenger agent of the Penn
sylyania Central west Of PittsbuTg Saturday is
| sued circular TO all Western agents, ordering
| an immediate reduction OF rates Just one hall,
and the new prices are 81 from Chicago to 81.
| Louis and Kansas City The viee-pTesident OF the
new Postal Telegraph Company says the Mutual
Union and the American Rapid will soon be
merged into the FIRST named company.
1913 D. m.-Mr Vanderbilt came down from
Saratoga this morning on business He il reported
to have stated that neither Mr.. Jewell nor Mr. Rob-
| eTs have mentioned railroad matters 10 him on
any occasion while nj Saratoga. He further said
that his roads were not otmaking the rates and they
| were merely following other lines lie had not
not sold any Of his Union Pacific and believed the
stock to be cheap at present prices,