National Republican., 1881-07-12

largest room traders, including Hunt and Flrkner
VINO have closed up all cOutfncts Mr Gould cone
Wabash, and on Saturday advised particular frends
TO buy both lie also expressed great Confidence In
great deal oft. lie considered the stock cheap.
Is excellent and they eSpect there viii be- mo- G,rther
The condition Of the iron trade IS not, however, SO
Fred fots Is a great bun on Jersey ana, giving
There was not much confidence last night In any
material immediate Improvement IN the Vanderbilt
stocks, owing TO the continuous chOpping of grain
rates. but the conservatives say that they can't 60
much lower. and all railroad wars come to an end
There 6 claimed to be very good buying Of Metro.
pentan Elevated st0ck ana Dig advance Is promised
The business of this line is now greater than that Of
70 hold ON to their Manhattan. It will certainly be
Kept alive as necessity for the franchise, aud re
/ organization may be announced at any daN aiter
sufficient amount of stock Is obtained by Gould and
Sofe WS rom are osoS a TO eMy SIy S fsp and e@
| England Railroad Company has secured majority
c. +. Huntington, OF the Central Pacific and South
| ern Pacific Railroad Companies. admits having com
ton, Harrisburg, aud san Antonio, an old Boston
ofthe latter which was bplt in 1874 and the Louisiana
Western, the latter forming the New Orleans conncc
expcct 10 have before July, issl, a through and In
| dependent through line from san Francisco to New
The southwestern pool lines were in session in
Uhcago saturday but no news has developed and
| They all want bigger percentages. Mr. Sage viii
| this week begin TO sell privileges on Metropolitan
Chicago telegrams say that the Southwestern Asso
clatiOn Will meet again Wednesday, for the pur
through arbitration The Union Pacific and the
santa Fe road have agreed not TO compete, and the
Union Pacific road will continue to enjoy monopoy
bash Company Is abont to do It's fast freight bust
ness and the outside lines have been warned on.
| 4, The Chicago and Northwestern earnings Increased
| NEW YoRR, July ii.-'ro-day's market developed
no new feature aud the immediate future Is governed
by such conflicting forces that the hest opinions
At variance while the renewal Of rumors respecting
tile cutting Of both westbound passenger and freight
errnngs by the railroads, and the market closes with
Onl material change in quotations. Money has ruled
without change on limited business.
my Associated Press.
NEw YoRR, July ii.-Money fairly easy at s@i per
cent an call closing at 3t, Governments quiet and
unchanged. State bonds In light demand. Railroad
bonds moderately active
The stock market opened generally weak. and in the
early dealings a decline ranging from = to y CT took
place, In which Houston and Texas. Manhattan aud
Metropolitan Elevated, Wabash PaciRcrreforred, and
trunk line most conspicuous. During the after-
noon the speculation was Inactive but at the second
board n recovery Of \ to ~ per cent took place. in
which Manhattan Elevated was most prominent. In
late dealings the market again became weak, and
closed ut reaction of A91s per cent, Hannibal and
81. 10 common being an exception, and advancing ~
per cent Exchange was quiet and steady ut ls3ls to
4Sl for long and iSjys to $50 for short
Tile sales aggregated 1856 3 shares Including Canada
Southern, S,iOG Delaware, Iackawanna and Western,
$500 Erie i,l1b Kansas and Texas, $500 Lake Shore
tral, 6.20G Manhattan Elevated, GIOG Memphis and
Charleston, 100 Northwestern gi0D; New Jersey Cen
trnl, $500. New York Central, 500. Reading, 800.
Texas Pacific, 1900; Union Pacific s5Og Wabash Pa.
chc, 1000, Western Union, 20lo0.