Eureka daily sentinel. [volume] (Eureka, Nev.) 1871-1887, 1884-01-29
Intense Excitement on Change in
New York City.
SHARPER DEAL IN RAILROAD
STOCKS NORTH.
Carlisle May Enter for United
States Senator.
MASSACHUSETTS, RICE THINKS CHINESE
LEGISLATION USELESS.
Charges Against Governor Murray Of
Utah Discussed.
SOMETHING PROPOSED FOR THE BENEFIT OF
AMERICAN SHIPPING.
ESPECIAL TO THE SENTINEL
Intense Excitement ON Change.

ESPECIAL TO THE SENTINEL
Intense Excitement ON Change.
NEW YORK, Jan. 28.-The Stock Elk
| change has been the scene of great excite
ment since IL O'Clock. The Northern Pa
cifc and its kindred stocks have been the
great features in speculation, and shorts
have been more badly twisted than at any
time since the famous list in the Northern
Pacific, which preceded the closing boom
for the second mortgage loan. Oregon
Navigation sold as high as Ill regular, and
119 cash, the latter being a rise of 33h per
cent from the closing quotation on Satur-
day. The Oregon Improvement advanced
from 5 to 40; Northern Pacific Preferred,
5h to 40; Common, 2ss to %. and Oregon
Transcontinental from BE to 23. The main
cause for the sharp rise was the purchase
on Saturday by the syndicate OF $4,000
in Northern Pacific Preferred; 80, 900 shares
of Common, and 10, 900 shares of Oregon
Navigation from the Oregon Transconti-
mental, with the proviso that the stocks
were to be withheld from the market for q
year. This places the Oregon Transconti-
mental Company in an easy financial con-
dition, and it is further stated that the
syndicate agrees to furnish the company
any further sums of money it may need in
the future at six per cent per annum. The
sharp rise in the Northern Pacific system
caused a general advance In other active
shares, and prices rose from l to "a, the
most prominent being the Louisville and
Nashville, Gould, Vanderbilt, and Granger
shares.
1880 P. M.-The excitement at the Stock
Exchange has abated considerably. Ore
gon Navigation reached to 95 regular and
SO cash; Northern Pacific to 22k; Prefer
red. At, and Oregon Transcontinentalsto
ass. Oregon Navigation is now back to
100 regular and los cash. The general
market is lower,
Charges Against Gov. Murray.
WASHINGTON, Jan. 28.-The Sub Com
mittee Of the House from the Committee
on Foreign Affairs, which has been con-
sidering the Chinese Immigration bill pre-
pared by the Pacific Coast delegation, has
concluded it's work, and expect to make q
report in full to the committee tomorrow.
Lamb and Eaton will submit a majority
report recommending that the bill pre-
pared by the delegation and introduced by
Henley be reported to the House. Repre-
sentative Rice makes q minority adverse
report. The grounds of his opposition are
that it proposes to add . number Of vexa-
tious and troublesome amendments to the
law. which is already sufficiently obnox-
ious, and that there ia no necessity for the
enactment Of additional legislation on the
subject at this time. He objects to the
proposed bill because, under its provis-
ions, Chinese subjects of other Govern
ments than China can be shut out of this
country, and this action might involve the
United States in an ENHANCEMENT with
other Powers. He thinks the provision
which proposes to make the master Of q
vessel who might violate the law through
Ignorance subject to Q penalty is altogether
too harsh, and expresses his opinion that
Congress has other and more important
work to attend to now than enacting laws
for an emergency which has not arisen.
After the adjournment Of the Senate, the
Democratic Senators ven in caucus to
decide upon the policy to be pursued in
reference to the Sherman resolutions.
Treaties Proposed for the Advan.
tage OF American Commerce.
WASHINGTON, Jan. 2s.-It 10 reported
upon authority that the Republic Of Santa
Domingo 10 about to ask for q commercial
reciprocity treaty with the United States.
1t 10 understood that the proposition will
embodys principle which is lacking in the
pending Mexican treaty, and in that now
in force with the Hawaiian Islands. This
will be Q clause for the benefit of Ameri-
can shipping to effect those articles OF
commerce which may be admitted duty
free into the respective countries; that
these shall be carried in American built
or San Domingo built bottoms. The
friends of American shipping argue that
this should be the fundamental principle
Of all future commercial treaties between
the United States and the islands Of this
hemisphere in order to assimilate their
commerce with their coastwise trade
They urge that the Sandwich Islands
treaty should be SO amended as to favor
our shipping by making all imports free Of
duty into the United States subject to the
provision that they be transported solely
in American built bottoms.
Large Block of Stocks Purchased,
NEW YORK, Jan. 2S.-The Tribune says
1t was reported on Sunday that q syndicate
Of prominent capitalists Of New York and
P~hiladelphia had purchased on Saturday 4
large block Of stocks in the Northern Pa
eiic Railroad system from the Oregon
Transcontinental Company. 1t was
acknowledged by all that stocks had been
bought for investment by the syndicate,
and therefore would be withdrawn from