Sacramento daily record-union. [volume] (Sacramento [Calif.]) 1875-1891, 1885-10-17

Wheeler and Rev. Mr. Smith for the Inde-
pendents, solid Republican State Central
Committee was chosen bv the colored men
OF Illinois IN Convention to-day. The In
dependents had nearly as many votes as
the other faction. The report of the Com
mittee on Trade and Labor declaring for a
low tariff or free trade, was unanimously
adopted.
The Wool Situation.
NEW YORK, October l6th.-The Journal
Of Fabrics and Dry Goods Bulletin to-laor-
row will print an elaborate report on the
wool situation. Since August lst prices
have advanced 10 to SO per cent. in do
meStic wools from lowest point touched
for many years. The qualities chiefly af-
tected were mediums and low grades. The
dependency OF the wool men in Europe
and Australia, over the results of the last
London sales, is very great. especially so in
tlne wools. Low as the prices ruled be-
fore the london sales, they suffered de-
cine as the sales progressed. The princi-
pal support TO the English market came
then from America. 4 cablegram, lust re-
ceived from Australia states that the auc-
ton sales of the new clip have opened at a
decline Of to 10 per cent. With such a
tone IN tie wool centers OF the world, it is
useless to speculate on continued rise, or
even the payment of the present prices for
any long period.
New York Stock Market.
New York, October I6,h-11 4. NJ
Stocks strong at the opening, and / to Z
higher with Lackawanna /? and Central
Pacific higher became irregular and fever
lsh, but after a slight reaction became
strong again, advancing in the first twenty
minutes from ! to &. Just before 1880 the
advance yyrac aba
came weak, losing all its early gains
Western Union declined IL, Lackawanna 2.
The market soon became steady, but to-
ward the latter part of the hour slight re-
coveries from the lowest prices occurred,
and at IL o'clock the market was moder-
ately active and steady.
New York, October 16th.-Central Pacific
41s; Burlington, 1872; Northern Pacific
23s; Northwestern, G1A New York
Central 1908 g.; Oregon Navigation.
89l Transconhnental, 25s Pacific Mail,
80; Panama, 9S st. Louis and San Fran
CISCO, 90 Texas Pacific, 2l4 Union Pa
citic, 573; Wells Fargo's Express, 116 :;
Western Union, 1872.
Ten-IiIe Bicycle Record Broken.
CHfCAGo, October l6th-To-day, at the
annual meeting of the Chicago Bicycle AS
sociahon, the American ten-mile record
was broken by r. A. Nelson, OF Boston, in
30:024
Must Have License.
new YORK, October 16th-An ANALYSIS
has been made of Chinese tipple, which
they have been selling among them free of
excise. It IS found to contain IS per cent.
OF alcohol, and heuceforth the Chinese will
be required to have a license to sell their
native drink.
Decrease in Business Failures.
New YORK, October 1Gth.-Business fail
compared with 207 last week. The failures
are below the average in all sections of the
country, and fewer are reported from the
South than usual.
Cattle Quarantine Raised.
DENVER (Col) October I6th.-Governor
Eaton to-day issued proclamation raising
the quarantine against cattle from Missouri,
Indiana and Ohio.
The Prince Of Wales Enters the Field of
American Speculation.
New YoRK, October 17th-A. M..Several
Journals say quite i sensation was caused
on the Consolidated Stock and Petroleum
Exchange yesterday by a report that the
Prince of Wales has actually entered into
American speculation, and had purchased
half million barrels of oil. The order
came by cable Thursday, so it was said.
and was executed by the principal broker
for the Standard Oil Company. If true he
has certainly made money
The Grant & Ward Matter.
NEW YoRK, October 17th-A. M.-The
Tribune says; Warner, who figured so
largely in the matter Of Grant & Ward,
will be arrested, q warrant having been
issued. Deputy Marshals are watching his
house. and it is expected that he will give
himself up today. Other important ar
rests will follow.