The Evening critic. [volume] (Washington, D.C.) 1881-1885, 1884-04-25
WALL STREET GOSSIP.
Facts ana Figures Presented 10 "The
Critic's'' Readers To-day.


NEW YORK, April 25.
Commissioner Fink stated last evening
that he had fully Investigated tho complaintof
Robert Garrett Of the d. Il o. against tho Penn.
Central for cutting grain rates, and he had
found tho charges unfounded, consequently
the regular rates would not be reduced to IL
cents rs requested by Garrett.
lhe western Anthracite Association last
night liked rates for carrying coal, and this
vexed matter is now settled up harmonlousiy.
Thetcoal people were In high spirits over this
result, as there has been great danger OF the
collapse OF tho pool. President Keim, Of the
Reading Road, eaid yesterday that the present
fall circular prices for coal were entirely
jueiifled by tho market demand.
The meeting OF the Pennsylvania Central,
Baltimore Ohio and Lake Erie & Western
managers, at the Windsor, yesterday upon
pennsylvania coke, settled nothing, and no
agreement was reached.
Sidney Dillon received q telegram from s. II.
ii, Clarke, the manager OF the Union Pacific,
stating that the prospects we're favorable for
mutual understanding with the Quincy, aud
he had been surprised at the friondly spirit
shown by competitors.
The feeling in stocks continued pretty boar.
ish at the Windsor last night, but the traders
generally thought that the prospects were fair
for rally OF and 2 por cent. In st. Paul, U.
Pacific and W. Union to-day or 10. morrow. All
OF these stocks arc believed to be considerably
oversold, and tue buying OF thom yesterday
was superior TO tho selling.
Gould bought good deal OF W. u. and Cam.
mack bought In all Of his shorts yesterday NJ.
continued quite bearisn on this stock, and the
talk was 30 for II. Everybody has an idea that
Vanderbilt Is out, but n gentleman who claim.
cd 10 know tho fact said last night that MIR. V.
owned 66,000 shares OF Reading stock at . p.
m. yesterday.
A director OF Reading says that tho reason
this company In present need OF money
is largely due TO Governs scheme and un0n.
ishcd plans OF last year, which have involved
lnrgo further expenditures.
He said that 100000 or S6,000,000 more
OF money had been invested on coal lands
than was necessary; also that tho rebuilding
OF the Cape May road and the purchase of
ferry.boats was blunder.
II ls now proposed that tho Reading Co. shall
sell its 81, CO0,0O0 OF Pipe Line securities now
in its treasury for what they will bring, and
thus relieve Itself from It's present needs.
The brokers thought that there was rather
more manipulation and "washing" IN tho board
than usual yesterday, and tho bears bought In
q good many shorts while sending brokers
around Offering to sell the U. Pacific and W.
Cammack enys the proposition to fund tho
Wabash road bonds is practical acknowledge
ment that the corporation 10 bursted up, and
tho road eventually Will pass Into tho hands
OF the owners OF tho first and second series OF
the mortgage bonds, as represented by Gould
and Sage,
woerishofIer says that 1900 Wabash stock,
which he bought on Wednesday to cover shorts
were delivered by Sage In new stock Just
Issued and without pin-hole in them. 1t IS
well known that Sage has been selling all of
the Wabash that the market would tako for
some time. Still he was talking last evening
and said that the country was oil right, etc.,
and that the gold exports would soon como up
themselves