National Republican., 1882-12-14
THE MARKETS.
Prospects Of a Settlement Of the Railway War
Gives Stocks an Upward Tendency.
A Better Feeling All Along the Line-Reg-
ular Stock and Provision Quotations.
THE DAY IN WALL STREET.
SnsniaI Dignnfch.

Special Dispatch
NEW YORK, Dec. 12.-The market to-day
was unusually active and strong. Perhaps it
is as well to concede the settlement of the
railroad dispute. This was accomplished sew
eral days ago by the purchase of Omaha prop
erty by Vanderbilt at high price. 1t is un-
derstood the Omaha directors will resign inn
mediately, and it is rumored to-day that
consolidation, with an exchange of Omaha
stock upon some basis, will follow, with North
western. The market has been greatly stimu-
lated by these reports and there has been
general clearing out of the short interest. 1t
is reported that Woerishoifer bought in about
forty thousand shares for shorts and this
greatly affected the market Randall & Wise
ner bought in 5000 shares of Western Union
alone for this account. Barnes also bought in
Western Union largely. On the second call
the general list was stronger and higher.
Money lent on call at to g.
Stocks loaned 3 to A, except Omaha, which
lent fat
Exchange firm, with slight advance on ac-
count of scarcity of bills.
Government bonds firmer, with orders in
the market to buy back part of yesterday
sales.
Vanderbilt brokers borrowed money largely
to-day, which shows they were also paying
for stocks.
Early in the last hour the market reacted
OLA Omaha common declining most.
Union Pacific was weak during the after
noon on account Of adverse reports from con-
gress, the appropriations committee having re-
solved to cut down its allowance for mail
transportation to about one half its present
figure.
Western Union directors declared the usual
II per cent. dividend, payable January Is. 1t
was decided not to increase the dividends just
at the close of the year, but to begin with an
increase on the first of the year.
1t is reported from the Windsor hotel that
the subcommittee will report at 3 p. m. to the
full board.
Cable g. Hughett say they will be able to re-
port an agreement, but won't say on whit
basis.
Stocks loaning generally at a, but Union
Pacific and Denver lend at g. and the Omahas
fiat.
Money 6. Some of the prominent Wander.
bilt houses are large borrowers to-day. Ban.
dali & Wisener bought $1,000 Western Union
John Bouvier 5000 Lake Shore.
Most of Denver dealings are for Woeris
hotter and party.
The rise in Omahas is partly due to a report
of an exchange of stock on some sort of basis
for Northwest.
E. H. Hartman s. Co. and Groesbeck 6
Schley were the principal sellers of Union
Pacific at top prices of the day.
These orders were supposed to be for their
Washington correspondents.
1t is announced that the Delaware, Lacka
wana and Western iron and steel works al
Scranton will resume work next week.
Western Union reports a surplus for last
quarter OF 50 667 ,097, and earnings for current
quarter ESTIMATED partly at $2,150,000, after
which the dividend payable and interest
charges leaves a surplus of $3,490,447.
Large operators are pledged on bull side
They are pushing prices for all they are
worth. They were helped yesterday and thil
morning by covering of the short interests
There is no general or outside speculation yet
Maintaining of prices will depend on the
patience and ability ofpresent holders. Stocks
are now concentrated in fewer hands than fol
long time, and would seem that they will
try to hold until a general outside specula
ton springs up again.
During the last half hour there was re
covery of per cent in the general list and the
market closed with good demand for stocks
STOCKS.
Opening, highest lowest and closing prices O.
the principal stocks for the day, corrected by
special wire reports received by Bateman & Co.
bankers: