National Republican., 1883-12-13
THE MARKETS.
Further Particulars Of the Granger Railroad
Troubles
A Dropping Market and n Disposition TO
Await Events.
REVIEW.
cDfcidl DieDdfch.

Special DisOdtch
NEW YORK, Dec 12-The market opened very
weak Northwestern selling down to s1l5M, but II
was soon bid up by Bell, who went from crowd TO
crowd bidding up prices apparently for the pur-
pose Of making market to sell on.
The reported cutting OF rates by the Chicago,
Burlington and Quincy has not yet been an
nounced ofioially, but the reports appear TO be
well founded, and would be but a natural result
OF the railroad imbroglio.
the Oregon Transportation directors met aud
pissed their dividend as was expected. Union
Pacific has been sold on the Introduction OF AN
dersons (Kansas) bill inquiring whether the
Union Pacific complied with the proyisi9ps pf tpe
The market has shown a more decided dfspo-
sltiuh to rally at times than 1t has dose t holor
three days, but the buying hnsi been hihost by
'''~ e'os'' covering, co,srp Sa 81 ,aosfH Sfd &
:. John Slayback is said to have Aeon scller of
stocks to-day, and so have Prince Whitley Mr..
signed but In escro but 1t is expected TO be taken
out this week. The agreement does not affect Sc.
Paul aud Minneapolis business. Other roads can
come into the agreement by doing as we do.
Mr.. Clarke, of Union Pacific said, This agree-
ment is an outgrowth of the Burlington extension
TO Denver. Burlington Is taking business from
Denver and the intermediate stations TO Omaha.
1t Is taking Columbus business on the Union Pa
cifc line and carrying 1t TO Chicago"
were two Objectionable features TO Iowa pool,
fisi Uniorr Pacific aud Burlington and Missouri
pfOrutcd only 10 open competitive pOlnH.
A Milwaukee dispatch says the agreement be-
tween the st. Paul, Rock Island. and Union Pa
cifc roads for an interchange OF business for
twenty five years goes INTO effect Jan. 1884, hav-
lug been signed by Manager Merrill of the St.
Paul road, in New York on Monday. The other
signatures were already appended when he
reached there. The terms OF the agreement are
such that none of the roads can withdraw for
five years, and then only by serving one years
notice.
The Union Pacific is to have all the wes-bound
business on the ST. Paul and of the Rock lland,
and the latter roads in turn receive the east bound
business of the Union Pacific This agreement
excepts routed business such as Is designated TO
go by a certuin route.
Other roads may enter under contract, by a sub
agreement, the Rock Island, st. Paul pool, and the
Omaha business.
Judged by the comparative firmness of Mondays
closing the general drop in prices day was un-
expected From ops end Of. the day to the other
there .Masnothing bettefJthan dropping market
The IQwE failwAy ppss Fam all accounts, has
foads g tsossideredt sysSie. gf5 The st. Paul road
te nGscs sSt ct Gesr the adSa pGo saa
Jan. L. TinexpeoIsdIs the9 9RScE Island gave per. per.
emptory notice Of ~ Intention to Immediately
withdraw, &c. :vh a.
Chicago dispatches say corn was bid up to sell on.
a Chicago dispatch reports l,OOO cars loaded at
Kansas City for Chicago Heavy receipts will fol
low the disruption of the Iowa pool. In this case,
lower markets are probable.
The Western Union statement is as follows:
Surplus Oct l. lSS sSdSl ia; net revenues for the
quarter ending December 81. S1,750,0O0; total,
S5,59l,7l4 Interest, Sl06,42o sinking fund s2D0O0
total, Sl26420. Balance, S5,i65,293 Dividend ie-
quirements, 81 399, 79i; surplus Si065 500 Dividend
oflM payable January 10. Books close December
20; reopen January 16.
There is little change in the coal trade The
supply is in excess of the demand, but this will be
changed on suspension of production. Operators
and dealers have no cause for complaint at the
state of trade in 1888
The sales to-day aggregated 42S543 shares in
cuding Central Pacific, 900; Delaware, Lacka-
wanna and Western, 20. .30O Erie, 15O26; Lake Snore
23,6Sl Louisville and Nashville, 500; Missouri
Pacific, 10000; Northwestern, 20, $50; New York
Central, 1850; Reading, 2l,90O; st. Paul 43,O6l
Union Pacific. g., ,ll5 Western Union, 1853; Chi
cago, Burlington and Quincy, 1898; Canadian
Pacific, $780, Northern Pacific preferred, 1890;
oregon Transcontinental, 10, 400.
".''. STOCKS.
The following are the opening, highest, lowest,
and closing prices of the principal stocks for the
day as corrected by special wire reports received
by Bateman & Co, bankers Noif7ff streevhdrth-
vast .,vs,'-r 4. El H.