National Republican., 1883-11-14
THE MARKETS.
Rumors Of Bull Pools and Startling Jumps
in Prices.
stocks strong and the General Tone of
tho Market BuoyRnt.
REVIEW.
Specfdl Dispatch.

NEW YORK, Nov. 13.--Tho bears made a
drive at certain stocks this morning, more or
less futile, as all strong properties were sup
ported. The Vanderbilt stocks were we'll
backed, and Lackawanna, Northwest, Tele-
graph, Louisville, and Oregon Transcontinen-
tai wore also sustained. Canada southern was
a feature in the carly trading and rose !, but
afterward lost this.
In the hour before noon stocks were dull
and dropping, and the fluctuations upto noon
were fractional. Tho majority of the list at
10 o'clock wore to off from Mondays clos
ing; later on Union Pacific. VanEmbergh,
Kirkner, Beekman, and Oracle, and Wester-
melt sold Lake shore. Buyers were Darrin
and Powers and Stephens In Canada Pacific
sellers were Bruins, Hunting, Hartman, and
slaybpck, with principal buyers Scott & Co.,
Hamilton s. Co.
Hughes sold Lackawauna. Ruttor & G.
bought Erie, and so did j. Lansburgh. Won
Hoffman was the principal seller.
The feature of the market at noon was tho
advance of 1 per cent in Lackawanna. The
stock was bought and sold in round lots up to
1854, and the rumor of the formation Of a
pool to buy 100000 shares by Vanderbilts
people found some believers. The general
llSg WIS III SlTOuEtE anu Ilolo oSbiNO WIS
ternoon. Tolegraphic communication, which,
owing to yesterdays gales, was very much
demoralized, being in working order just
before tho closing Mr.. Vanderbilt was
reported heavy buyer of Lackawanna
beyond doubt. Early in tho last hour the
whole list was strong at TO IL
above Mondays closing, tho latter on
Northwestern preferred The weakness in
Union Pacific to-day was on rumor that the
Forthcoming annual report Of tho govern-
ment directors would not be favorable.
There was but little surprise expressed last
evening in stock or exchange circles in con-
sequence of the reaction in prices yesterday,
because it was natural, and had been antici-
pated, offering to large realization by
insiders and the covering up by shorts.
1t is believed that leaders in the
bull operation have worded through
Vanderbilt houses, and that they sold liber-
ally of Lake Shore, Michigan, and New York
Central yesterday, while they were bidding
up Canada Southern. Lower prices are con-
sequently expected this morning, but not
much. 1t is evident that the market has
strong backing, and the public is inclined to
buy ON every action. Woerishoetler sold
Canada Pacific yesterday. .Cammuck put on t
a. few thousand OregonTranscontinental,
but nothing else. The latter said he would
never sell stock short on passenger rate
war; and, by the way, this mornings st.
Louis dispatches say that through efforts o
truce lOr Week mas Deen aRreeu upon ny bne
Kansas City and Chicago roads. The points
are strong to buy Canada Southern for 2 per
cent further advance to-day.
1t is reported that pool has been formed
to buy 100000 shares of Delaware and
Lackawanna upon the increased earnings
and improved prospects.
1t is said IL. s. Wilson had the first order
to buy 10000 shares this morning. Other
buyers have been White, Willard, &c.
The application recently made by Mr.
Field for a mandamus against the Northern
Pacific railway to produce its stock books,
and which was argued last week before Judge
Ingraham, has been denied.
Mr.. Colgate Hoyt, one ot the government
directors of the Union Pacific, has returned
from inspecting the property. He says the
physical conditions of the road are good. the
local traffic large, but through business has
been affected by active competition Mate
rial Is being collected for the government re-
port to be presented the last of next month
Government Director Bomley is on u tour OF
the road.
CHICAGO, Nov. 13.-There are now some
doubts whether the proposed advances in
east bound treights will take place the
twenty-sixth instant The Tribune this
morning says the negotiations for the close OF
the West Shore to the Grand Trunk line have
reacted point OF one of the points of great.
est interest is that with the direct New York
connection. The Grand Trunk will abandon
its former attitude Of antagonism to the
trunk lines, and become one of their firm
supporters.
STOCKS.
The following arc the opening, highest
lowest, and closing prices Of the principal
stocks for the day, as corrected by special wire
reports received by Bateman q Co., bankers,
No. 141l street northwest: