The Washington critic., 1886-01-15
FINANCIAL AND COMMERCIAL.


Tie cut in Wcst-bound rates inaugurated
by the Baltimore & Ohio and followed by
the Pennsylvania hurts principally the Erie,
the Lackawanna and the West Shore roads.
The war threatens to extend, for the Penn
sylvania Road will, II is reliably reported,
cut on East-bouud rates, reducing the fare
from Chicago to Washington and Baltimore
TO $l3. The u. & o, officials say that II the
Pennsylvania does this they will lower the
rate to- $40, aud whatever other reductions
the Pennsylvania Road may make they will
keep from S3 to 81 below 1t. The prediction
is made in railroad circles that within n
week iirstclnss fare between Chicago and
New York will be down to So, which is SO
less than the emigrant rates. These railroad
wars are of temporary advantage to the
travelling public but Of decided disadvantage
TO the general business interests OF the
country, between which and the roads there
Is such close aud sensitive relation.
"Room traders are long of stocks,h the
New York advices of j. Vance Lewis say,
"but the general sentiment at the uptown
resorts, where II was positively asccrtaucd
that no meeting Of any Importance had
taken place among railroad men, was only
moderately bullish. Mr.. Cammack was on
llt etltti NthltluuN anu sUlNl u lOh w slbth1
which his friends say will probably remain
out some little time yet
"Mr. G. j, Huntington when asked re-
specting his intention to extend Chesapeake
Il Ohio from Gordonsville TO Washington,
said Il have surveyed such line but the
only knowledge | have of the intended con
strnction Is what ! see in the newspapers.
! have no immediate intention Of building
and do not know that / shall build this
year.
"Ofllcials of Erie say that the arrange
ment proposed by the Erie for settlement of
the car trust has been generally acceded to
by holders. The earlier series have been
almost entirely txtended and OF the later
series 90 per cent. OF the rs outstanding
and more than 80 per cent. of the g's have
assented to the proposition of the Erie Com
pany, which was to fund aud to extend the
early series at and the later at per cent.
The matter may be considered as satisfac-
torily closcd.n
The stock market this morning opened
weak with decline of ! to per cent. from
last nights figures, and prices went down
fraction lower during the early dealings.
At the first call the selling ceased and the
market lapsed into a lifeless state. The in-
activity continued until midday, when on
the announcement that 100000 had been
engaged for export there was rush to sell,
causing prices to decline still further to
II per cent. Prices are now at the lowest
Of the day. Money loaned at 9 per cent.
Exchange firm at asa 400. Governments
easier. Currency, Gs, 125 bid; is, coupon,
1891 bid; AS, do, ll2l bid.
In the Dauphin County Court at Harris
burg, Pa, this morning Judge Simonton
announced the opinion of the court in the
South Pennsylvania Railroad injunction
case. The decision, which Is a lengthy one,
continues the injunction against the Penn
sylvania Railroad Company in both cases,
and as TO the Pennsylvania Company and
the Bedford Il Bridgeport Company, In the
first case, and dissolves as to all Others in
that case, and continues the injunction as
to Pennsylvania and North Central Railroad
companies In the second case and dissolvcs
as to all others.
Foreign wheat Market.
LIVERPOOL, Jan. l5.--Wheat quiet, but
steady; poor demand; holders offer freely;
cargoes of coast not much doing. Corn,
firm; fair demand; cargoes of coast, de-
mand fair. Weather cloudy.
LONDON, Jan. 15.-Arrived- Wheat, slow;
corn nothing offering. To arrive-Wheat,
slow; corn, rather easier Mark Lane
Wheat, slow; corn, steady; English aud
French country markets quiet and steady.
American stocks in London.
iONDoN, JuH' 10, l-'ou' - SOnsois -
Money, 100 lie; unchanged. Acct, 10O3-1G;
adv. /; Can. 'Pac,, 695; adv. a. Erie, 25I;
adv. &; Eric EDS, S2s; adv. (; Ills. Cent,
143; adv. b; Mex. n, 25s; dec. !; st. Paul
05s; adv. l,NY.C., 1867 adv q Reading
l0s: adv. l.
The Chicago Markets.
CHICAGO, Jan. l5.-Curb May wheat is
Sc; showing: weather colder: estimated re-
ceipts of hogs, $4,000.
Petroleum.
B. X. Plain & Co., st. Cloud building,
furnish the following Oil quotations: Closed
yesterday, ses; opened to-day, $50; high
est, $50; lowest, S7s; 215, IS.
New York stock Market.
The following have been furnished by j.
Vance Lewis, broker, southwest corner Eighth
and + streets.
| NAME. o. 2.iO NAME. o. $40
| -
| | gG.kk,s prfI