National Republican. (Washington City (D.C.)) 1872-1888, 1884-11-08
THE MARK ETS.
The Election still the Absorbing
Topic Among Brokers = Prices
Slightly Advance = Chicago and
Baltimore Quotations.


Topic Among Brokers - Prices
slightly Advance - chicago and
Baltimore Quotations.
New YORK, Nov. There was a
large crowd up town last night discussing
the election returns. and tho Wall street
republicans believed Blaine was elected.
A Vanderbilt broker repeatedly offered to
bet that Cleveland would be tho next
president, and thore were no takers. Cam
mack, Smith, Woerishoifer, Osborne, Car
vor and their following believed there
was no doubt that Cleveland was
elected, and they repudiated the re
turns rs read by tho telegraph oper-
ator In tho hotel. All of the morning
papers, except the Tribune, give New York
to Cleveland.
The Tribune says Blaine and Logan
carry New York. The Times says "Presi-
dentp Cleveland's majority in the cleo
toral college is twenty-seven, and In
diana and New York arc safe for him.
Tho Herald postscript says New YORK IS
conceded by 1000 plurality for Cleveland.
The Sun says New York goes for Cleve-
land by 1000. Tho Associated Press
uODpeu aTOuUu W bulb Nv -
O'Clock this morning. Tho World declares
New York state absolutely certain for
Cleveland, and he has 219 votes.
The general feeling on stocks was bear
ish, and 1t was feared there would DO n
long and bitter contest over the electoral
vote of the state, which might end in
violence and demoralj zation of business.
Many operators in Wall street believe tho
market is going down, no matter who Is
elected,
Tho Windsor bears declare that Gould
has been heavy seller of the market,
and that he is now in great need of money
but the brokers say most of the selling
yesterday was by Cammack and his fol-
lowing, and the stocks put out were
mostly shorts. Tho order broker in
| Western Union in the board says the
selling was all by the bears.
1t was understood that the New York
Central railroad would make another
slashing cut in western passenger rates
this morning.
| Tho West Shore road sold tickets yes
terday So below the New York Contraps
rate, but made no further reduction.
The following is verbatim copy of
Jay Gould's dispatch to Grover Glove
land:
NEW YORK, Nov. 7.--GRovER CLEVELAND,
GOVERNOR, Albany heartily congratulate
you on your election. All concede that your
| conservative, and in the larger field as presi
dent feel that you will be still better, and
that the vast business interests of the country
| JAY GOULD.
At the opening Union Pacific was the
pri ncipal feature. In New York Cen.
tral the buyers were Phil Bruins, Z. X.
Willis and Barton, Davis & Minis. The
sellers were Thomas Reed, Rodgers Is
Randolph, and Minton. In Northwest
Shoemaker and Dillon were the principal
sellers; Williams bought. In ST. Pau
l.. V. Bell, j. NJ. George, and Demott 6
Durant sold, and John Kirkner and ii
Miller bought Union Pacific was bought
by r. A. Kane. Cross and Drake bought
w. Ii. Hamilton and Il. X. Willard & Co
sold. Bonds were very dull. Tho loan.
ing rates were New York Central, Della
ware. Lackawanns and Western, Unior
Pacific, 1-32; Northwest, Lake Shore, st
Paul flat, others unchanged.
New York Central has reduced rate
to Chicago to $l1. The West Shore 1915
and brokers predict greater reductions.
The market opened with declines to
in the grangers, and Union Pacific
Other stocks were fractionally lower
The trading for the first hour was very
active, and under strong supporting or
ders prices gradually advanced till a
noon there was gain of per cent ovei
the opening quotations. The bull hell
the advance during the afternoon an
st. Paul was especially strong on larg
I'short coverings. In the closing hal
hour there were some slight decline.
but the general tone was better than an
; day this week. The election uncertaint
makes tho cause of the market YER
. doubtful.
Bonds were more active and Wei
Shore and Erie seconds advanced 1 pc
cent. Money II to g.