National Republican., 1884-10-24
THE MARK E'IS.
West Shore Affairs Attracting Atteniion-A
Jump In Telephone siock-Chicago and Bal.

Jump IN lelenhOne hloch-ihlcaBO rnu Dh'-
timorc Markets.
NEW YonK. oct. 23.--The Windsor hotel
bears, led by Cummack and woerishoencr,
were especially vocierous and bitter last
evening, They claimed to have something
sure on the coalors, aud predicted the coal
combination was very near collapse. The
| rnbblc all had 1t that Gould had Dcen an cnor.
inotrs seller yesterday, but brokers who usually
have pretty good idea where the most orders
| come from say the bulk Of the stocks were put
| out by tho old bear gang, with some long
stocks from timla holders
Conservatives generally agreed thnt if the
| market opened weak to-day stocks bought on
n scale would show good profits before Satur-
| day noon. Gould sud Il was not true that he
/ had been q large seller of the market, ana he
| even advised q friend against putting out
| Lake Shore. saying this stock had already de
/ cllncd forty points and II was road which
| was still earningH great deal OF money llency-
crtholcsg continued toargte That Union Pacific
was the best stock TO hold, and 1t would cross
| Lake Shore next year. tie further said he was
q buyer OF Union Pacific and Western Union
yesterday, and there was no iomndati9n for
| rumors that he had been selling through llOl-
lins IL Co. lie had no dealings with this frin
and never expected to have. He stouty ai-
nrmcd that the railroads east and west OF Chi
| cagO had all been prcCipitated expressly Tor ei-
feet upon the stock market, but he had under.
stood the passenger troubles wcrD now in
fair way Of settlement
III
night and natly denied the report sent over
the tape Yesterday Tint hc had len the bulls
and Joined The bears.
D. l.. Morgan continued to talk checrfilly
bullsh last night nnd said that he was conf.
dent OF general advance shortly, which
would be as large as that last July.
Cammack was anxious 10 contradict Goulds
statement about tho railroad troubles being
caused hy speculation and ylgorousl y declared
that this accusation was -
The Windsor hears say that s. v. White ia
so loaded with Union Pacific and Delaware,
LackawAnna and Western that no Wilt be
forced to drop one or the other
II Is understood that u conference between
Sage Could Adams. and Smith, (the latter IL
president of oregon Transcontinental) where.
by the loan called from the Oregon Trans
continental last week has been taken iIp and
the securities OF the Oregon Railway and Navi-
CATION company passed into hands OF the
Gould purity. II ia said that the Union Pacific
people have thus secured the majority interest
In the Oregon Railway aud Nayigaiion com.
pany.
A Philadelphia telegram reports smalsfail.
ure In the cotton and wooden trade
II is understood that the bondholders' letter
TO the president OF the United States Trust
company now represents upward of s., 900, ,OOJ
of the bonds.
L. X. Willard bought stocks all around the
. room. The selling was scattering. l. i. Mead
& Co. and brandon bought New York Central.
Zen Carver also bought. The Bloodgood-
Slayhnck party were not trading but were not
bc6rlsh. The latest London market reports
advanced. The Delaware. Lackawanna and
Western made cut to Buffalo to-day, putting
fares nj s.. .G5 to conform with other roads
Boston speclal saws, II IL reported here
that tho floating debt Of the Union Pacific is
now about sJ,gJ1UOO and President Adams
states that the company is earning about 10
per cent. The Union Pacific treasury holds
s2,OO0.UO1 of Kansas consOs and like amount
of Trnnscontnuntal bonds which IL sold TO
pay oil the floating debt, would leave about
Sl,JjD 900 collateral trust bonds in the treasury.
These would DO Kept on hand.
1t Is reported In the board that Heath and
Brandon Lave bought all the Western Union
which have been sold. Horton sold 5000