National Republican., 1883-10-23
THE MARKETS.
Something Of q Boom in Northern Pacific
Stocks.
A Panic Among the Bears, Followed by a
Reaction OF Prices,
GOSSIP.
SDecfdl DfsDdich


per cent. higher-64-and 2 per cent day
premium was bid for use of cash stock to-day.
An alleged loan of 500 shares at the Windsor
yesterday by Content at per cent. was o
wash and nothing was done. 1t is generally
expected the rato will run up TO or per
cent. to-day Willard declares that ho had
245,000 preferred stock in his box at 2 p. m.
Saturday. Tho bulls wero much olatcd
over the bears defeat and believe
the lesson had been such severe
one as to deter them from further demoraig-
ing raids upon the general market. Tho up
town bear leaders, however, declare that gem
eral speculation had been ostranged by this
cornering, and will result in increased bull
market They argue that tho Willard party
have been saddlod with immense blocks of
stocks, for which there will be no market,
and they will further be loaded with the new
second mortgage bonds, which nobody but the
pool will touch. Cammack said ho had
no interest whatever in Northern Pa
cifc and he believed it would
lend fiat before closing to-day, because
the clique themselves had sold 10000 shares,
seller coming due to-day. Further, the
Oregon Transcontnental had sold 10000
shares of its stock to buy Northern Pacific
preferred, and he did not regard Oregon Trans
continental as worth anything. Smith, he
said was only short 5000 Northern Pacific
preferred, and as soon as he bought it in for
cash Saturday he Immediately put it out
regular. 1t is understood Travcrs covered all
his Northern Pacific preferred 10 days ago,
and Woerishoeller says that all his sales have
been upon seller 30 and 60 options; that he
lost nothing by the twist 1t is estimated that
the opening of Northern Pacific books may be
postponed until Wednesday, in which case
the squeeze would continue, but this is i'm
probable. The bulls claim there is likely to
be n lively advance this week in Union Pa
cific, Michigan Central and Jersey, because all
are immensely oversold. One house is lcnd-
ing $4,000 shares Michigan Central and an
other twist is predicted for Jersey. 1t is re-
ported that Gould's brokers arc borrowing
25,000 shares of this stock and w. Il. Scott
says he heard that the stock is to be run up
on the shorts. Further, the lease of the Jor-
sey Central to the Reading is sure to be an
nulled, and the Dinsmore suit will be trans
ferred to the Newark court this week.
Vanderbilt is bnying literally of Lake
Shore and Michigan Central, and he has the
Lake Shore road control in his pocket beyond
any doubt.
Trunk limo traffic continues very satisfac-
tory. A loss of 300 tons, east bound freights
last week, caused the st. Louis strike.
Reports are in circulation in business cir
ces of a largo impending tobacco failure in
New York.
Willard stocks wero weak on opening
Northern Pacific preferred was sold largely
by Probst and II. Lapsley. The buyers were
Stephens, Newcombe, Vyse, and Howell.
Powers bought 1000 St. Paul. Boyd bought
most Western Union. Union Pacific was
mostly sold by L. l.. White aud bought by
Stanley Vanderhoff. Bogert was the main
buyer of Northwestern. Henderson was the
principal buyer of Northern Pacific common,
and Tappan & Son were sellers.
Van Emburgh sold most Lake Shore, and
I Campbell bought.
Minton and Van Hoffman sold New York
Central. There were scattering buyers.
Woerishoeffer Northern Pacific preferred
Ia Gtn f.N
unchanged. ...-.. =
The Chicago TriJunes st. Paul dispatch
says the Northern Pacific officials declare
lands held behind preferred stock is $4,000
900. There are 100000 acres unsold in
Minnesota and Dakota, east of the Missouri
river, tho proceeds of which co. when sold, to
the extinction of preferred stock at an aver
age OF "a per acre, beyond doubt.
WALL STREET.
The buyers of New York Central are Van
Emburgh and Bissell sellers, Won Hoffman,
Wormser, and Horrick. Northwestern buyers
is Brownell, and scattering sellers. Osborn's
people have been buying st. Paul. There is
considerable more strength to stocks. 1t is
said Keene bought in his shorts this morning.
The rise in Lake Shore was on coverings,
and stop orders on rally were executed by
Haight and Campbell.
Bissell has Just bought 5000 Western
Union. Van Emburgh and Johnos are buy
ing Union Pacific, with sellers O'Brien and
Brownell. Ten thousand pounds sterling is
on the way here to the British Bank of North
America. Brandon bid 115l cash for Now
York Central.
Putnam & Earl started Lake Shore up, and
Campbell bought 1000 at 90. H. S. Wilson
aud j. o. Stevens sold Oregon Transconti-
mental down to 49, Sterling exchange
steady, but inactive, and free offers of first
class bills at former rates.
New Orleans cotton crop estimate is s. $780,
600 to 5, 500, GOO bales.
Government bonds strong As in good de-
mand but not to be had near the market
price
1t is reported in the board that the bull
combination in Oregon Transcontinenta in
cludes the Gould and Sage party as well as
the Northern Pacific syndicate, but u long
stock has been peddled out on the bear scare
of to-day. The Oregon Trauscontinental bull
pool are preparing statement showing the
value of property. 1t will bo published hero
tomorrow.
REVIEW.
There was some weakness in Wizards
on tho opening especially in Oregon Trans
continental and Northern Pacific common,
both those stocks selling of II to 1! per cent.
Preferred was, however strong and very
active and it opened at q per cent. below
Saturdays close, but quickly advanced per
cent. to 63, the regular cost being 6ji at the
same time. This, with tho noticeably strong
general market. resulted in an advance in the
aOtiNo oIoOhS VI 4 10 l2 per cent. IN the flrSt
hour By ~ o'clock Oregon Transcontinental
hld reached "A. Northern Pacific preferred
was scarcer than on Saturday, and tho Willard
stocks showed gains over Saturdays
closing of u to 81 per cent, the
latter in Oregon Transcontinental and the
general market was higher to 2 later for
Lake Shore. Atnoon North Pacific preferred
was the feature. It advanced to 20, and re-
(actcd five points before ] o'clock, othors
|symPathizing tractionally; Tho market was
steady to strong early on the second call, but
stock prices were to I off from tho best and
rather dull trade. North Pacific preferred
sold SO, and lent flat this afternoon. No stock
was bought in for non-deliyery aftor 2:3O
o'clock. The market sagged off badly, caused
by an attack of tho bears on the general list,
and the market closed very tired.
LONDON, Oct. 22, 12:3O.--United States As
lower; American stocks all lower; ST. Paul / /;
Reading 5.l6; Illinois !; Erie 0.16
COTTON MARKET.
The following were the opening and closing
prices:
0Dentn0. Closing.
iV95 :,