National Republican. (Washington City (D.C.)) 1872-1888, 1884-11-10
TIE MARKETS.
How the Elections Have Affected stocks-Tho
Railroad War Continues to Depross Prices
Chicago and baltimore Ouotations.

thlcAgO ana balumOre QUOTATIONS
NEW York, Nov. o.-Politics has again been
the all.absorbing feature during the past week,
aud until Thursday business was very much
neglected in consequence. Before the election
the waiting policy was natural, and since
then the uncertainty In regard 10 the ultimate
result has tended to continue this disposition.
The general tendency OF the market has been
weak, aud on Thursday n decided drop TOOK
place. accompanied by considerable actively
and some excitement In the forenoon.
Tho Gould shares were tho most conspicuous
in the decline. especially Union Pacific, which
was the first to give way on election news
In tho excitement attending tho election
other features and influences have almost been
lost sight Of Yet the war In passenger rates,
among eastern trunk lines, IN still actively in
progress and further serious cuts have been
made, as stated above In case the Pennsyl-
yanin shall now be drawn into the fight as
some anticipate, speedy Termination OF the
conflict may be predicted, for that would
make the contest short. sharp, and decisive,
no doubt.
tlon was announced the market opened weak
and lower, but, contrary to expectations, re,
covery Immediately set in, and continued
almost to the close OF business.
Railroad bonds have been dull and weak,
the only activity shown being, as usual, IN
Eric seconds and West shores, both OF which
have declined, especially the former, which
has given way considerably in consequence OF
the action Of the company In falling to pay the
interest due Nov. on tho Chicago and Atlans
| tic first mortgage bonds
Governments have been dull, but prices
| have been about firm all the week
The brokers generally agreed that the main
| cause of sharp Improvement in stocks yester-
| day was owing to coverings OF shorts which
reports reports extensively circulated Just beforee 8
| oclock that Blaine had been elected by few
| hundred majority This was denied In tho
evening, and II was again claimed ut the up.
tg.ts toll md ha hnf n IN
| Cleveland had been elected by over 900
| plurality. Most traders held the opinion that
stocks would settle again this forenoon on the
belief that many OF the big shorts had covered
| up all OF their contracts, Woerishoner, Cam
mack, Smith, and Flower were In high glec
over Cleveand's reported election, and the
| betting was four to one on democratic ma
| jority OF over 500 In New York state.
| Woerishoiler said last evening that the New
| York Central road was already taking local
cent. per hundred weight, and losing money
| upon every pound they handle. The West
Shore could transport at this rate and lose
nothing, as larger trains can be run on their
| easy grades.
1t was reported by private dispatches from
Chicago that the granger roads with those In
the Northwestern TTntic association and the
old tripartite agreement, had finally agreed Ia
meet in Chicago about Thanksgiving day to
try and settle their troubles over passenger
rates.
WoerishofIer and Cammack say It is not i'm.
portant whether this row is settled or not, as
there is no traffic In that part OF the town, any
how.
MI Cable, of the Rock Island is in town.
A London cable says there is great excite
rpent there over the election in America, and
the conflicting reports and delays have caused
much alarm. The telegram of Mr.. Gould, con
ccdng the election Of Cleveland, was posted
in the house Of commons yesterday, and gen
orally accepted as conclusive. Bets amount
ing to many thousand pounds are pending IL
London on the official count.
Seligman d Co. say that the advance In st
Paul to-day was mainly owing TO London or
ders to purchase, as this stock was dollar {
share higher there than here
Tho brokers In the board say that while the
market Is not active the undertone Is firm anC
demand would send prices up The bes
heads regard good stocks better purchase
than sale.
The proposition OF the Union Pacific com
pany to buy outstanding land grants, in thu
opinion of sharp brokers, will not bring gu
any bonds, rs the holders will not sell them.
The Chicago Tribune says that eastbount
freight rates are completely demoralized. NJ
positive evidence that rates are being cut cal
be obtained, but Commissioner Fink call 10
meeting of the joint executive committee, 7
take action regarding the matter, is proc
enough. Arbitrator Cooley makes dressed bee
rates 70 cents to New York
Ailidayits are being prepared showing In tn
courts that the present rates that the We
Shore managers are running the road benin
operating expenses, and the protection of til
courts is asked for the bondholders
A London special says the London Times rt
marks on Senator Bayard's fitness Tor the stat
dali and Carlisle would be fitting colleagues i
tho cabinet.
Quotations OF Saturdays Stock Sales.
The following have been furnished by Bait
man d Co.. bankers, l4ll street, being tn
most active stocks In the New York exchange:
one. HfOh Lou. C7Ip bdlel