National Republican., 1882-12-07
THE MARKETS.
A Stronger Feeling at the Opening Of Business
in Wall Street
Points OF Interest 20 Investors and speeu-
1ntors.
THE DAY IN WALL sTREEv.
SnecfdL DisDdich.

THE DAY IN WALL sTREEv.
Special Dispdich
Npw YoaK. Dec. 6.--The market opened
stronger and higher Northwest leading. This
stock was principally bought by John Bepja-
min and r. S. Elliott & Co. Union Pacifcand
st. Paul were bought by Webb s. Co., Kirkner
& wadsworth. Rutter and Gross supplied the
stock. Omaha preferred was also strong, and
advanced per cent. The rise in Northwest
ern was ~ points The fact that Vanderbilt
was borrower of $3000,0oO yesterday led to
the belief that he was q buyer Of the Granger
stocks to-day, and this helped the rise on the
remainder of the market. Keene bought New
Jersey Central. At noon the market became
dull and triie lowe, Dut the undercurrent
was regarded as good, and the disposition was
to hold. Not very much was expected in the
general dealing until after the railroad meet
Ing on Friday OF Saturday next.
All the railroads east of Chicago show in.
creased earnings.
There are strong intimations Of a sharp
rise shortly in Lake Shore and New York
Central.
but steady. Wabash common was n strong
ltdbuTc. CUOCkb dDOub - Pci SOhbsf
and, money was trihe closer at SOC.
sfe'ling exchange fell per cent, and buy
ors lAd sellers were Indifferent
Northern Pacific preferred but fat.
Money closed at per cent.
Hudson was bidding up Lake Shore and
other vanderbilt's, presumably for II. N.
SmitR who said he would Jump up Lake
Shorl If Vanderbilt did not
Insides in St. Paul have covered their
shorts. One said the meeting of Northwest.
ern officials in this city on Saturday was
more to announce settlement Of the war
than to agree upon it.
The market was very dull and fairly strong
up tS the Close District of Columbia 1865
bonds were very strong, closing at 11oB bid,
lip asked, with sales at l11i, the demand be-
ing generally from savings banks.
1t is reported that the st. Nicholas Bank
will go out of the national-bank system on
account Of the certifcation act.
Philadelphia kilograms report a large short
interest there in coal shares, and this is the
cause of the persistent raids on the properties.
A reduced iron duty, instead of being detri-
mental to the iron interest, would help it, and
it has been asked for by the trade in order to
import ores.
The Boston Transcript says the officers of the
Union Pacific road there say the floating debt
of this company is now only $5,000,000, and
proceeds of bonds already sold will reduce
this sum $27 100000.
The Omaha earnings for eleven months, to
December 1, were $4, 500, ,s43 against S., ,5s7 345
last year; increase 81 ,O3s, ,139.
The Vanderbilt people say the Lake Shore
earnings from September l to December
were the largest in the history of the road.
A Chicago special dispatch says the interest
in the Northwestern railroad war is declining,
pending negotiations for true.
The New York Tribune this morning says a
new ironclad agreement has been made to
oaintain east-bound rates from Kansas City,
n,SThe vice-president and general manager OF
he Illinois Central, Mr.. Clark, has resigned
"a London cable says: United States bonds
we're unchanged; Erie rose /, New York
central l. Pennsylvania Central 4, Ontario
nd Western t, st. Paul /. All advanced ex-
.ept Illinois Central, which declined !.
CONSOLIDATION,
Special Dispatch
CHICAGO, Dee, 6.-Preliminary steps have
,een taken toward the consolidation of foui
airoads with the Nickel Plate viz: including
,ase of st. Louis, Alton, and Terre Haute, the
C. c. s. l., and the indianapolis and st
ouis, and the new corporation will be known
the Buffalo, Chicago, and St. Louis. The
'rthern Pacific will be finished to Boseman
nuary l.
NEW YORK STOCK MARKET.
Associated Press.
'Ew YORK, Dec, 6.--Money loaned down from {
f3 per cent aud closed offered at per cent. Ex.
onange was steady at 47934C94S0H for long and
4S3249iS4l4 for short sight. Governments were
strong and generally 1ss14 higher. State bond
were dull; Tennessee mixed recovered "a per cent
since noon. Railroad bonds were irregular. TIL,
share speculation opened strong and prices showed
an advance Of Is6l% per cent. from yesterday
closing quotations. the latter Rock Island. Th
market, though dull, oontin ued strong during thu
early dealings, and at about 118O o. clock recordet
an advance ranging from d to ia per cent. /,
which Northwest, Union Pacific, st. Paul, New
Jersey Central, and Wabash preferred were mos
conspicuous After this speculation became yer,
dull, and the market featureless. In the earl,
afternoon prices fell off to the extent of u pc
cent. after which Mort Invest preferred sold up
and the rema inder of the list under the lead o
Reading 16C9A per ce mt. In the late trade part o
this was lost, after which the market advanced
al per cent. to the close, aud closed strong at al
advance on the days transactions OF 1g@l32 per
and Missouri Pacific being most prominent therein
Richmond and Danville. however, is 2 per cent
lower. The transactions aggregated $4,000 shares
including Delaware, Lackawanna and Western
sc, 100; Delaware and Hudson, 400; Denyer and
Rio Grande, 1900; Erie, 1010O; Kansas and Texas
300; Lake Shore, $4,000; Louisville and Nash
Vile, 1920; Lake Erie and Western, GOO: Michi
gan Central, 2,l0O Missouri Pacific, 9.4OO North
west. 1860; New Jersey Central, l3,700 Northern
Pacific, 2790O; Reading, 7,l00 St. Paul, SS.500; ST
Paul and Omaha, 5000; Texas Pacific, $500 Unior
Pacific, 1880; Wabash Pacific, 22,9OO, Wesrerr
Union,l l. 100, and East Tennessee, 2l00.
STOCKS.
Opening, highest lowest and closing prices o
the principal stocks for the day, as corrected b,
tvtr nat., A.. ~