National Republican., 1883-09-20
THE MARKETS.
A Confident Feeling in Gould and Vanderbilt
Stocks.
Dividend Paying stocks Being Steadily
Absorbed by Investors.
GOSSIP.
SpCcfdI DisDdich.

NEW YORK, Sept. 19.--The feeling in Van
derbilt and Gould stocks was quite confident
at the clubs last night and it was expected
that the Wizards would do better to-day.
Commissioner Fink said the western railway
squabbles had little to do with trunk line
affairs, and it was not probable that the
through traffic would be affected.
The Gould people continue firm believers in
higher general market, and say tho hammer
ing and raids upon weak spots will soon wear
itself out, and the numerous dividend paying
stocks are being steadily absorbed from the
street by investors, and this fact is bound to
soon affect the situation.
There is more than n suspicion that Cam
mack sold out his Denver yesterday. Dry
goods men report immense shipments west,
and trouble is experienced in the movement
of packages owing 10 railways being over
crowded.
Gowen, of the Reading, says that when his
company gets in good shape he will resign the
presidency, but he don't intend TO be solicitor
for tho Vanderbilt system. 1t is not true, he
says, that the Reading will declare cash
dividend i'll January, as they need the money
to pay the income mortgage bonds, but he
will favor a scrip dividend. Chicago weather
is clear; thermometer, co.. New York weather
clear and warm.
WALL STREET.
Pacific Mail was the strong feature this
morning advancing II to Ii at the opening,
on rumors of dividend and buying by
Flower and Armory. The Willard stocks
we're weak and some other stocks were also
sold on unconfrmed reports of financial
trouble in Montreal. Sellers of Northern
Pacific were w. c. Sheldon, Elliott, Kirkner,
and other room traders. Western Union
strongly at So to s3s. Hughes bought and
Boyd sold. In New York Central Powers &
Stevens bought, and Herrick sold. In Lake
Shore, Kirkner, Elliott, and other room
traders, sold, and Powers & Stevens, Hender-
son, and c. T. Timpson & Co. bought. In
Erie, the trading light. Stocks loaned 2, and
money to 81.
Mccormick, Adams & Co., of Chicago report
good weather, with moderate temperature and
scattering rains
Government bonds are in active demand
but offerings only moderate.
Cotton is off to points, and the Chicago
grain prices this morning are unchanged.
Cammack is in the street to-day for the first
time since his return from abroad.
Henry Clews g. Co.'s Chicago special reports
frost through Iowa again last night.
1t is reported in the street and on the stock
exchange that Barrett's report upon Northern
Pacific will show that the company will be
obliged to earn S17, 100000 net to pay fixed
charges, &C., next year.
Montreal specials say small failure is an
nounced, but it is unimportant.
In regard to the rumor late yesterday that
Lackawanna would issue So, 900, 900 new bonds,
President Sloan says that the rumor is re-
vival of the issue of $5, ,000 600 second mortgage
bonds on the New York, Lackawanna, and
Western, which issue was authorized and
made last summer The bonds were secured
by new terminal facilities and equipment.
Mr.. Sloan says that the orders for coal are
large, and difficulty is experienced in getting
cars enough.
Trunk line people here say no trouble is
probable now between Chicago trunk lines
because the traffic is so large they are borrow
ing cars The selling of the market this
afternoon was mainly by Kirkner Bell, Drum
mond, Charley Johnes, and other room
traders, and it is claimed that q good deal of
Wizards stocks sold in liquidation to-day.
w. L. Stow sold 5000 Northern Pacific pre-
ferred.
Chicago grain markets are easing of again
under heavy bear pressure Cammack tells
his personal friends he is very bearish, and
the inference is that he has been selling the
market. The largest sellers of st. Paul to-
day were Osborne & Co., Work & Strong, and
buyers were Walsh, Kirkner. and Bird. In
Northern Pacific common sternberger sold
1000, Bloodgood 1000, and Chapman 500.
1t is reported European capitalists have
been buying United States AS, which pay at
present prices about % per annum.
REVIEW.
The market opened irregular, with bears
pressing the Wizards which depressed and
unsettled the whole list. Norther Pacific
preferred and Oregan Transcontinental de.
clined per cent each in first fifteen minutes
Pacific Mail had an exceptional advance OF
st per cent. to 3S$ on rumor3 of a dividend
and buying by insiders The bears circulated
report of financial trouble in Montreal, but
it turned out to be only one small concern
which has been weak for some time The re.
suit of the dealings up to 12 o'clock was de.
rlina n tho panprnl LIST of IN 0rouon Trane
continental and Northern Pacific preferred
were the weak spots, the former declining Ia
Pacific Mail at II o'clock had gained 90 above
last nights closing. Money, 2 to 3. Stock
loans at 2. Governments, except 3's which
were weak, were strong and in active demand
with only few offerings, Exchange un
changed. Prices were lower all around al
noon, and there was a drop in New York Cen
tral. The Wizards, however, absorbed mos
attention, and further declined l to IL, the
latter Oregon Transcontinental. The room
traders sold freely of these stocks, and it il
said the decline brought out good deal o
long stock. Wnslow sold 5000 Northern Pa
cifc preferred. At 2:15 the Willard stocks
were lower and until the closing hour were
tho most active.
At 2;55 the bears hammered Oregon Trans
continental with especial vigor, and ther,
were shoals of it offered by room traders. Il
closed very weak at co. The rest of tn,
market sympathiZed fractionally, and tn,
feeling was very unsettled.
LONDON, 12:30.-United States bonds, un
changed; New York Central, advanced l
illinois, d Pennsylvania, L. and Ontario anC
Western, !; American railways, strong.
STOCKS.
The following arc tho opening, highest
lowest, and closing prices Of the principa
stocks for the day, as corrected by special wire
reports received by Bateman & Co. bankers
No. l4l1 + street northwest;