National Republican., 1884-10-10
THE MARKETS.
Big Short Interost Caught By Early News
OF the Reduction Of Western Union Divldcnd-
baltimore and Chicago Prtces

baltimore and Chicago Prices.
New YoRK, Oct. 0.-The improvement in
stocks yesterday was credited to liberal buying
by Morgan & Connors brokers. Alarge short
interest had boon cntrappcd in Western Union
upon reports purposcly sent out about reduced
dividend, and several chronic bear houses, In
yludlhg prominent Broadway commission
mouse, were heavily short.
Morgan said last night he wouldn't be sur.
Pacific Mali at ~ today lay or or tomorrow. lie
y a big bull on Pacific Mail aud on ~. Paul for
twenty points. Insiders say the earnings for
the hrst week In October Of the Northwestern
foau VIII continue to show about the same
comparative loss as before, and no improve
mont is to be expected until December. II Is
lo this TACT and the general bad showing of the
Nanderellt roads which causes, all the bear
gossip from the Grand Central depot. The
vanderbilt stockholders nll continue idle and
are doing nOthing.
Gould has moved into town, aud said last
night that the general market was all right
ana going up. A Western Union director said
lnst evening that Gould at the annual meeting
yesterday argued strongly In favor OF the re-
ducton of the dividend to per cent, aud
said that under the circumstances he had
rather hold the stock on a 0 per cent. basis
than upon 7, partly because the difference in
cash payments would enable the company to
90 many things greatly to It's advantage. lIo
SAID he would take the stock of any person
present at G5 who was dissatisfied with the
new proposition. An officer of the executive
| committee of this company said that II was the
intention OF this company to absorb certain
existing lines shortly which were now offered
by the contractors below the price of wire, not
considering tho cost of poles or construction.
Central Pacific Crocker Is going to live in New
YORK, and has bid nearly half million for
| residence here
Chicago dispatch says; ; The Pennsylvania
company has issued circular To connecting
lines which places the Chesapeake and Ohio
in the same position tjith the Pennsylyan9
company as the Balu more and Ohio. 1t Is
| with the view of exqf ing full local rates on
passenger business frS Washington to Phila-
| delphia and New YORK
-. IL is reported that Gould sold u put on 5000
Union Pacific at 90 for sixty days for per
| cent.
:. The trading in Union Pacific was monopo-
lized by the clique brokers. 5000 shares
changed hands without material fluctuations.
A. II. Cooinbs bid UP Northwestern. The
market for the others was steady and dealings
| were conlined to the room.
| Inc directors of the Western Union Tele-
graph company to-day organized by rC-ilectlng
| inc old omcers, as follows: President Norvin
Green; vice president and general manager,
Gen: Il. I. Eckert vice presidents, Harrison
Durkce, John Van Horne, and Geo. ]. Gould;
| treasurer, II, ii. Rochester; secretary, A. X.
Brewer. acting vice president, j. b. Van Every.
Inc following executive committee was Sc.
lected: Norvin Green, n. T. Eckert, John 4.
Terry, John Van Horne, Harrison Durkee, Jay
Gould, Russell Sage Alonzo b. Cornell, Sidney
Dillon, Cyrus W. Field, and Samuel Sloan.
| BOSTON, Oct. 9.-'The earnings of the Mexican
Central railway for September were s24p, ,95S a
against $40 ,l3s actual earnings for the month
OF August, showing gain over the previous
month of s9,si5. The subsidy received to &c
tober was s2,S3S,5S6.
Quotations Of Thursdays Stock Sales.
The following have been furnished by Bate
most active stooks IN ths Naw yot arcSahsve. e.'