The Washington critic., 1886-01-12
FLNANClAL AND COMMERCIAL

"l have got list here from my friends OF
what to buy" says an English capitalist in
recent number Of ioadou 7yuii, referring
TO American securities. "lialf the money
is TO 90 iuto Baltimore & Ohio firsts, Penn.
sylyania generals and first mortgage bonds.
and Atchison, Topeka u Santa Fc 6 per
cent generals. look upon these rs a sort
Of 4 per cent. consols Then please invest
the remainder IN Norfolk e Western gen.
erals: Cincinnati Washington S Baltimore
seconds, and Northern Pacific first mort
cages. These, | am told, are sound, good
stocks. They are my speculative invest.
mcnts, which will pay me over 6 per cent.
and yield me a very fine profit, too, by aud
by, when the boom comes next year.
Stay, | forgot. You must buy, please,
f9,oC0 worth Of Oregon gold bonds hear
they will have sudden great rise some
day, ard they arc quite safe. Now, my
dear sir, don't lie shocked when tell You
that am going to have a little '0utter' /
want you to keep 5000 back for spccu-
lation in Ontarios, Northern Pacific pre-.
fcrrcd and--Erics I am told that Mr..
King is the best railway administrator in
America and as honest rs the day. and that
he will soon place the Eric line in q more
satisfactory pOsition.n
Now that Mr.. Gowcn has been elected
president of Reading the next question of
interest is "What will he do with ?" There
is any amount OF gossip about the matter.
Many hold that he can DO nothing that the
receivers will brook no interference, bat
those who know Mr.. Gowcn's tircess en-
erGy will not believe that he will submit to
such state of things. His resolutions In.
troduced at yesterdays meeting show that
he will take no passive part, but viii ap-
peal to the courts for relief from the pres
cnt receivers, whose management he says,
has produced n debt OF eleven millions
without million dollars worth of property
to show for It, piece OF huanceriug un-
parallcled In railroad history. 1t is also
said that he will bend his energies to raising
sufficient sum of money to pay of the
present general mortgage. principal and
interest, at par, and that he already has
s5,000,0C0 promised him. lie also expects to
he able to pay $4,000, 900 of the floating debt.
and release some valuable collateral. Having
settled with the general mortgage people,
Mr.. Gowen, IL is claimed, will turn his at
tention to the Jersey Central lease and will
offer the stockholders Of that company 3
per cent. per annum, beginning on March l.,
which will continue eighteen months, then
I
per cent. for all time.
The New York stock market opened dull
with prices irregularly changed and during
the first thirty minutes the dealings were
absolutely without feature After the first
call, however, there was a good buying of
the coal stocks and the Gould properties,
under which prices advanced ! TO ! per
cent. by noon. Silco~midday the market
has been firm at the best figures Money
loaned at % per cent. Exchange steady,
iS7d490. Governments strong; currency,
Gs, 125 bid; As, coup, 1935 bid; 44s do, 1923
bid.
Live stock sales.
DRoyERs' REST, Jan. IL, TAvENNER
BRos.-Eighty-live cattle up and sold-Best,
| 4l@54; good, 4l@4}: medium, 4Mi9; con-
mon, 3l@4. One hundred and fifty sheep
and lombs- Sheep, 3l@4; lambs, 5@5l Ten
COWS and calves, S95 to $50. Market brisk.
Petroleum.
b. X. Plain & Co., st. Cloud building,
furnish the following Oilquotations: Closed
yesterday, S7a; opened to-day, S1s; high
est, S1s lowest, S7s 2l5, S79.
The Foreign wheat Market.
LIVERPOOL, Jan. 12.-Wheat quiet and
stead; poor demand holders offer freely.
LONDON, Jan. 12.-Wheat quiet Corn
| firm.
Wheat.
Visible supply of grain: Wheat, GsTOOC
| bushels, December. Corn, l,06T,OOC
Canada.
New York stock Market.
The following have been furnished by j
| Vance Lewis, broker, southwest corner Eight
and + streets
| ~,..,y =, 1s,fn II ,,.,,g - o.,T