National Republican., 1883-12-06
THE MARKETS.
Trading in Railroad Shares Becoming More
Earnest
Tho Large Operators Talking Lower
Prices and Buying Stocks.
REVIEW.
Special DfsDdtch.

SDecfdl Dfspdich.
NEW York, Dec. .5.-Nothwithstanding the
depression in the villards the general market
was strong and active to-day and advancing,
the gain being about 1 per cent. Oregon
Transportation and Union Pacific pre-
ferred, after opening to below last nights
prices, declined TO i per cent. respectively.
Oregon Transcontinental was heavily sold
early by Woershoeffer's brokers, and L. X.
Willard also sold considerable stock. The
price was, however, steadied by Schepps buy
ing 5000 shares. Read & Stafford also
bought largely. Tho brokers reported the
character of the buying as good, and prom
inont house bought 10000 shares of various
dividend paying stocks for its customers, and
advised fresh purchases on every reaction.
The features in the general trading were
large buying by the room traders and large
sales of the same stock by Hamilton and Con-
ner, and heavy selling Of Lake Shore by the
traders. Sterling was dull and nominal and
government bonds strong
Stocks advanced sharply on tho second call
on the warlike nows from China and rumors
of q settlement of Iowa pool difficulties, which
might not be announced until tho meeting on
the thirteenth.
The principal advance was in Northwestern
and 50. Paul IL, but .no whole list was strong
and / and II above tho opening. At 215
O'CLOCK bno mhrKeU WAS RenoThlly bUeHuy, Dub
the Vanderbilts had lost most of the improve
ment while the grangers were l above the
opening Just before the closing the Willard
securities were hammered by the room ira
ders and the whole list yielded In sympathy.
The closing was very weak under free offer
ings.
Harry Wilson sold 10000 Northwestern al
together this evening, and L. X. Willard sold
5000 Lake Shore ut top; buyers wero Camp
bell and Knickorbocker. In Reading Morris
& Co. sold 5000 and Content sold 5000.
The London Times to-day treats the Plesi-
dents message as o commonplace document,
which cannot be regarded abroad as imper-
tant.
The Telegraph and Standard ngree that tho
main feature of interest refors to tho Nor
mons.
Leading New York bankers say that the
message and the treasury report fall fiat, and
Arthur's silence on silver is construed as q
bid for the western and southern votes in
convention. Sterling is weak.
The Northern Pacific has applied to the
board for listing of $2,7SO,o0o first mortgage
bonds.
GOSSIP
Mr. Vanderbilt states very positively that
there is no foundation for the report that the
New York Central proposes issuing $20000,-
900 in bonds. A certain road, which is con-
nected with the Vanderbilt system, it is said,
will issue 100000 or 1000 900 bonds this
Mr.. Fink told his friends last evening that
he believed the western road troubles beyond
Chicago would all be settled satisfactorily TO-
stay, but he did not pretend to declare him
self an authority in the matter. R&
The Rock Island and Northwestern peop le
here continue 10 assure their friends that
their assembling here has had nothing what.
ever to do with the Iowa pool line differences
which will not come up for adjustment until
Dec 13 in Chicago.
These western magnates say they expect
to leave for aome next Saturday
keMr. Clark, of the Union Pacific road, met
Ames, of Boston, at the Windsor last evening
The former says that matterai west,of the
Missouri river are very much mixed owing To
the many new lines and new conflicting in,
terests. &EU98B n
The Wabash Pacific management here de-
clare that they have no information regafd-
ing the withdrawal of the Wabash company
from the Lafayette pool, and the Gould peo-
pie say that they are for peace not war
Thore is very great number of railroad
managers in town, and it seems as though al
the pools in the country were represented a
the Windsor hotel last night. 1t is under
stood there will be o meeting of the east
bound trunk line pool road managers al
Fink's Office to-day, and the now percentage!
may be announced. Tho Pennsylvania rail
road people are not satisfied, and declare they
will not consent to tho smaller percentages
offered, and will object to the reopening o.
old questions.
Brokers say the main feature of yesterday
market was the weakness in Oregon Trans
continental. Coombs sold 5000 shares at til,
last minute before closing, and at the bottom
prices of the day and Keene bought tn,
stock. After the gong sounded the stock wa
offered fractionally lower.
Woerishoeffer and Cammack have been sell
ing stocks furiously for the past two days
and yesterday Goulds brokers were also uset
by somebody to sell.
prominent room trader, who has beer
long $4,000 to 10000 shares various stocks TO
the past ten days. also sold his holdings, an,
this helped the decline and heavy closing.
General impression among conservative
houses is that Lake Shore and ST. Paul ar
not going much lower, and these stocks ar
quietly bought by the shrewd operators OF
every reaction.
STOCKS.
The following are the opening, highest
lowest, and closing prices Of the principa
stocks for the day, as corrected by special wir
reports received by Bateman & Co., bankers
No. 1411 street northwest:
-