National Republican. (Washington City (D.C.)) 1872-1888, 1881-07-22
I Eek dividend.



Threcday bills ..o.-.. 4sj Sixtyday bills 4si
NEW YORK, July 2l.-so much depends just now
upon the crop prospects and the weather In the
spring wheat districts that the various advices
received from the West are earnestly disguised by
all the stock operators and bankers and brokers.
At the branch last night 1t agreed by many that
continued for day or two the result might be as
disastrous as In 1879 at this PERIOD but was gene
rally conceded that the disturbance was only local,
and would pass away in twenty four hours, rs pre-
dicted by the Signal Service Bureau. Messrs Ar
mour& Co. believe the spring wheat crop will be
great failure but this firm are great bulls on grain
which may prejudice their Judgment l.. Roberts,
on the contrary, says the damages sustained up to
this time are not serious and those which exist come
from blight, and are caused by chinch- bugs. The
train men on the Chicago and Omaha road report
the stand looks well, except OH the lowlnnds; L..
crops in the Wabash country is threshing out
largely but in Southern Illinois and Indiana the
yield Is disapp9inting ana only one 81 crop
St. Louis at sl.2O, mainly because the grangers will
not sell.
Regarding the probable immediate course of the
stock market, the more general theory was there
would be another upward turn of several per cent
Sage continued to advise his friends last night to
buy Wabash, Missouri Pacific, Kansas and Texas,
Western Union, and even Michigan. II is said he
has seven uncXplred puts out on 25,OOO shares OF
the latter At pGr large Nassau street stock con
days advance was owing to the covering of mn i'm
mGnsc short interest, mainly by Terry, the large
Cuban operator, aud by Keene, and that the latter
bought great deal of Lake Shore and Erie The
former bought in much Union Pacific. An insidcr
says that something important and more favorable
for the Union Pacific stockholders and their rights
than has yet been announced Will develop shortly
aud the plan is now being arranged. The bears
hint that the pool will unload on this proposed
announcement. IL Is claimed the shorts In Jersey
covered up yesterday, and that keenc had much
to do with breaking Northern Pacific yesterday.
Tho reports concerning the proposed trunk line
meeting continue perpiexingly contradictory. II
Is rumOred that Garrett OF the Baltimore and Ohio,
came over last night, and that matters may be fixed
up at Saratoga aud the water lines included In the
new arrangement. Others say there will be no
conference until Vanderbilt returns from Chicago
holder of St. Paul, and an officer of the company,
says: IAN our ndviccs state that Notwithstanding u
| few local disturbances the wheat crop along the
line of the 81. Paul road will be fair average one.
Mr.. Sykes vice president of the Chicago and
Northwestern Railroad Company, sends me the
following: ave have no better data for crops than
| the conflicting daily newsreports No doubt there
will be some shrlnkage against last years product
but for all that there may be quite as much for the
| roads 10 transport rs has been moved Of the last
harvest. The winter set In early last year, catch
| ing much corn unharvesed or standing in tho
| field, and great amount of the wheat unthreshed
| The SHOWS and wet weather have injured much oil
| this exposed part of the crop and by just so much
| have and win reduce the movement this season OF
the old crop. &c. after all, the future may be as
| good as the present"
4 special meeting of the ST. Paul board has beer
/ called for to-day.
1915 M-Prlvate kilograms from the Northwest
| regarding the weather are unfavorabe. The
weather In the grain regions Is warm and rainy
The Signal Service reports as follows; Duluth 75o
rainy; Chicago, 7So rainy; ST. Paul, 79', cloudy
Milwaukee, 76o, rainy; Omaha, sOo, cloudy 81
| Louis, Sgo clear.
The 81. Paul directors are in session over the
soOOOOOO distribution OF new stock.