National Republican. (Washington City (D.C.)) 1872-1888, 1881-09-24
FINANCIAL AND COMMERCIAL.
stock and Bond Quotatfons-BaitI fillmore
and New York Produce Markets.

The following observations on the trans
actions In the financial market yesterday together
with opening, highest, lowest and closing quota
tons, are furnished by the banking house of H. D.
Cooke, IT,, & Co., 1920 street. Washington, D. c.:
WALL STREET GOSSIP
NEW YORK. Sept 23.-The majority of the pre-.
dlctions uptown last night for this morning at
least were usually bulish, and much confidence
was expressed in President Arthur and the con
servative policy indicated in his inaugural of
yesterday afternoon. Opinions WERE however
somewhat contradictory to the plans of Window
and the proposed purchase of bonds In fact
nothing has developed as yet as to what his pro-
gramme will be or when II will be announced ;
but something conclusive. II was thought, would
be known next week. Nothing new was obtain
able last night regarding the grunk line railroad
matters, but 1t was understood that no
meeting took place yesterday of the
managers, action having been postponed.
Mr.. Vanderbilt was at the races In the afternoon,
and In reply to question from Joe Mills why he
was not at the railroad meeting. quietly remarked
that he thought the boys could get along just as
well without him, 1t was generally conceded
nevertheless that the railroad matters would
finally be amicably arranged 20 mutual satlsfac-
ton, and when tbeIlnsiders get enough stocks in
the war may come to an end. observant brokers
said that the course of the stock market Yesterday
afternoon all hinged on the movement In Reading
| and Wabash preferred. Gould and Sage put up
shorts, and the talk of the bulls last night
was Of further rise yet OF ten per cent. In each
| This party claimed that there were but 10000
shares OF the preferred In this country, and that
| the short interest here was almost equal to this
amount The jump in Reading was principally
| charged to the operations of the Vanderbilt. Os-
| born party, including large purchases by W. l..
| Scott, 0sgoOd, Nelson, Chaplin, Trowbridge. and
the room traders Some of the old bulls and for
mer uphoders of this stock sold out all their stock
| yesterday, which was taken by the new parties,
who predicted II would sell up 10 ~ to-day. Hunt
bid 709 for 1000 shares last night after the close.
| The Delaware, Lackawana, aud Western people
say that their August earnings were equal 10 l.70
| per cent net. and so far this month Indicate go
per cent on the stock Some OF the directors are
| In favor of making an extra cash dividend next
week Of ~ or per cent, while others oppose
4 and say they wish to increase
the surplus against possible dis
rnption of the coal combination at a later day
The Union Pacific earnings increased the first
eighteen days this month $685. 600. There Is said
TO be a strong party In Omaha preferred, also IN
| Kansas and Texas, and It was reported last night
that each would sell higher to-day. The Chicago
and Rock Island Railway Company yesterday de-
clared the usual IA per cent. quarterly dlvi-
dend. The Cammack- Mills party and follow.
ing continued bearsh on the market last night
and believed, If the quotations wero higher This
morning stocks would be great sale. The Union
Pacific earnings for twenty'on days IN September
increased s30j400.