National Republican., 1882-12-08
THE MARKETS.
A Strong Feeling Succeeded by Successful
Bear Raid in Wall Street
The Regular Stock, Bond, Grain, Cattle,
and Cotton Quotations.
WALL STREET GOSSIP.
!specfdl Dispatch.

Special Dispatch.
NEW YORK, Dec. 7.-The feeling was de-
,idedly strong on stocks last evening, but
confidence at the opening this morning weak
ened because the opinions published of the
officials of roads at war not being favorable
for peace. By noon the Vanderbilt stocks
were generally 1 per cent lower on dull
market. The granger stocks fell off in about
the same proportion, and the balance of the
per cont. Money lent at to ., and
Area Of mt about to carry
5ortion Of Pacific preferred lent nat,
t ,ree's and 3i's were active, particularly
the 3's.
Gould, Keene, and Sage continue bulls in
the market, but traders In the room are gen
orally bearish.
Up to noon stocks sold freely. Later it
was reported that Keene had been running
on his "longs" and it was this that hurt the
market.
On the second call the market was dull and
lower, with no important rallies in anything
Osborne's Office sold Denver; Keene's bro
kers sold Oregon Transcontinental, Union
Pacific, and Northwestern. Other large SELL
ers hammered st. Paul, especially Woeris-
hotter, who was a large borrower of Union
Pacific and lender of North Pacific preferred.
Harmed borrowed the latter to large extent.
A private dispatch from Chicago circulated
this afternoon saws that the st. Paul Com
q. pany is in no condition to protract the war,
'Oi and that it had been q recent borrower OF
o, funds at the Chicago banks Money closed at
v per cent.
Near the close the market was freely sold
by every one who had anything to sell. 1t
closed at the lowest prices of the day. The
weakness at the close would seem to indicate
that fresh trouble had been found in North
western Railroad matters.
District Of Columbia 3.65's closed very
strong--1114 bid and 1123 asked. One hun
dred thousand sold at 112t in New York city
for Western savings bank.
There was q rumor in the town this evening
that Porter and Mitchell had been in prelim-
mary conference upon meeting matters. Por-
ter says there is no truth in this, and expects
no change in affairs
A Boston despatch says that the Oregon
Improvement Company will issue two mil
lions of common stock at par, of which one
and half millions is wanted at once.
Mr.. Willard agrees to carry this stock until
1t can be placed at par, which they expect will
10 per cent. on the stock, including this pro-
posed issue.
A Philadelphia telegram says the amount of
Pennsylvania dividend scrip offered for sale
has materially diminished. rise is pre-
dicted in Reading, upon some reported scheme
of Vanderbilt and Gould.
seligman g. Co. report that all the payments
on account of Panama railroad are completed,
except four millions, and they don't antici-
pate more than momentary slight disturb
ance to money by the changing of loans.
Very little exchange remains to be drawn.
Governments steady for long bonds, 3's and
3l's active, particularly the 3's.
Sterling nominal. Bank rate in London
unchanged. i' h'
Loans here generally at a, with small de-
mand
The Boston Transcript says the Union Pa
cifc Road is preparing an explicit answer to
the charges upon which the call for Congress
ional investigation is based.
The Oregon Improvement Company Is con-
sidering the payment of its construction debt
by issue of bonds or preferred stock.
There is feeling in banking circles that,
should the government push the matter of over
certifcation of checks by national banks that
number of banks in the vicinity of Wall
street would surrender their charters and or
ganize under State charters. Should this be
done their bonds now deposited for circulation
would be sold, which would cause lower prices
for the high-price bonds.
NEW YORK STOCK MARKET
Associated Press.
NEW YORK, Dec 7.-Money loaned down from
tl2 per cent and closed easy offered at per cent
s-nI,Ea
4s3ll6isi for short sight Governments were
u per cent, higher for 3s and extended 5s, but
otherwise unchanged. State bonds were without
feature, except for Tennessee mixed, which ad-
yanced per cent. Railroad bonds were irregular;
lexas land grants, Rio Grande division, dropped
10 ~ from So recovered to 7s, but again fell off
to 7s4. Speculation on the Stuck Exchange to-
S 5 ss d ssnf an prices h
market opened a fraction above Yesterdays clos.
ling I'm he Ssdafae
decline, with only fractional recovery, of 12@2S
per cent, Denver and Rio Granda, Northeth Pa
and Transcontnentai, and New jersey Central
being most conspicuous in the downward move
led by Northern Pacific preferred but tie market
again became depressed, and shortly before the
GFande, Northern Faci6c preferred, ST. Paul, and
chiga1 Central being prominent In the decline.
w vssterdsv n cosing nTcss tSe s
is 1se3A per cent. lower. the Northwest, Denver
aud Rio Grnnde, the, Northern Pacific, and st.
Pal being prominent IN the days decline. The
transactions aggregated 325,7OO shares, including
Delaware, Lnckawnnna and Western, %, 100 Della
ware and Hudsnll, 400; Denver and Rio Grande,
81 800; Erie, $780, Kansas aud Texas, G,500; Lake
81 ore, 6Od Louis lille al d Nashville, $500; Mis-
souri, Pacific, $500; New Jersey Central, 500;
Northern Pacific, 27500 New York Central s. 100
Northwest 10,S0O; Reading 400 st. Paul, 52,lOO;
st. Paul and Omaha, l2,200; Texas Pacific. 4 $780,
Union Pacific, 1900; Western Uuion II 100 Wa
bash Pacific, 43,S0o, and Oregon aud Transconti.
mental, $500.
STOCKS
Opening highest, lowest and closing prices of
r.niLn sIAnl-. La. ...an b