National Republican., 1883-11-05
THE MARKETS.
No Exciting Features in Trade Last Satur-
day.
Prices OF Leading stocks-Cotton Showing
Dropping Tendency.
GOSSIP.
Special DiSDdich.

NEW YORK, Nov. 3.--There was some talk
of probable advance in ST. Paul to-day, and
many points to buy for 2 to 3 per cent. RISE
and bulls were general believers in better
market after elections and trunk lino meet
ings next week. Vanderbilt and ID. o. Mills
had long conference at the Windsor last
evening and rumors of bull arrangement
increased, but the conservatives thought any
present rally would be feeble, as the market
is sluggish in general. j. G. Mills held tho
same views.
Brokers says there wero but three features
in the market yesterday first tho increased
short sales of Oregon Transcontnental;
tecond, bidding up Of New York and New
England to sell stock third, weakness in
Texas Pacific owing to rumored refusal of in
come bondholders to accept scrip and the ad-
vises southwest of rate cutting. Con. Dodge
said six millions of foreign bondholders of the
Kansas and Texas road agreed to tho new
plau regarding interest payments sc. There
was rumor at tho uptown hotels last night
of very heavy impending dry goods failure
here and an assignment to-day or Monday
The present dullness in Reading and Jersey
Central is largely attributed to determina-
tion of certain largo houses to suspend
arbitrage transactions between this city and
Philadelphia. This arbitrage is scalping"
far 4 or more by beating printed quotations
between the two cities. The broker hearing
n transactions on the floor of the exchange,
shouts to the telegraph operator the code
word, and 1t is delivered before the trade is
recorded on the ticker, the broker thus selling
against it in Philadelphia or vice versa.
There was considerable sensation over the
announcement of the Lackawanna Coal and
Iron company passing its November divi-
dends, and the managers informed the stock
holders that the company was not making
last two dividends had been paid from sur
plus funds
BANK STATEMENT.
Lonns-decrease.. NEUTRALITY-SUSPICIOUS.. A357,500
Legal tender-increase e................. sol, 100
Deposit-decrease. Observation-Disclosures. 1l16,5O0
Clrculation-incr NEUTRALITY-SUSPICIOUS.. 81, 400
heserVe-lncrease" ...................... 995,O2o
WALL STREET.
Chicago dispatches say the Rock Island road
rates are being cut between Kansas and Chi
cago. The Chicago Tribune Saturday. has
dispatches from Toronto that work has posi-.
lively been suspended on the Rocky noun
tain section of tho Canadian Pacific on account
of the heavy grades; the work has been sus-
pEnded for two years, and intimates crooked
hess about the whole scheme
Stocks loanng-Mchigan Central and New
York Central lend fiat; Northern Pacific 1;
others 2.
Money 3. Davis & Minis (the pool brokers)
bought Canada Pacihc Albert King sold
Northwestern. Tho Vanderbilt stocks and
Erie were very dull, and transactions unim-
portant
A Philadelphia telegram says the friends of
Willard declare there will be an advance in
Northern Pacific and Oregon Transconti-
mental stocks should the vote on tho second
mortgage be favorable.
The ST. Paul earnings for the fourth week
of October show $l34,000 increase, and on the
month $279,026 increase.
Government bonds pressed down on small
offerings ii. Beekman and Schaick q Co.
bought st. Paul, Lawrence 81 Smith and Geo.
Dickinson sold. Erie: Largest buyers Rutter
81 Gross and Il. Young, and the sellers were
Wormser and Won Hoffman, pH it'' H5'3,9lt ~
Boocock. Savin,. Bruins, London, and Will
Jams were buyers of Northwestern, and sellers
were Slayback, Kidder Ladcnburg & Thai
man, and Schaick Il Co. In New York Cen
tral Schaick 4 Co. and Libaire bought. The
sellers were Fapshawe and Drake. In Lack
awanna S. V. White was the largest buyer
Bouvier at first bought, afteward sold 1900
shares.
1t is reported there is ono order in iron
here to sell $4,000 tons Of steel rails at $50.
The last sale was $33.
The Clyde (New York bank suspended this
afternoon, and o receiver was appointed
The Rock Island road threatens to make
ten dollar rate from Kansas City to Chicago
unless other lines stop cutting.
REVIEW.
The market opened irmer than expected,
The result of tho forenoon's business, which
was small showed prices at noon TO above
Fridays closing, the advance of / per cont
being in the 0mahas. The especially favor
able bank statement had q strengthening
effect Western Union was dull and did not
do much in general Improvement. Money 3
to 34 Stocks loan at 2. Michigan Central
and New York Central fiat, Northern Pacific
preferred l. Sterling and governments firm
The market was featureless this afternoon,
save for a squirt in Canada Pacific, which sold
IL above opening. On the second call the tone
was firm and dullness most marked. Lacka-
wanna was strong feature.
At230 prices were shade off, but no strik-
ing changes in quotations. Market closed dull
and about as at o'clock.
Cotton, in tho absence of decided business
in Liverpool since the failures, is without
especial feature in this market. 1t showed a
dropping tendency to-day. Market closed dull
and dropping
LONDON, Nov. 3.-American stocks all
higher; Erie, \: New York Central 3; Penn
ssylvania Central, !; Canada Pacific, Z, all
ligher.
The following are tho opening highest.
lowest, and closing prices of the principal
stocks for the day, rs corrected by special wire
reports received by Bateman & Co., bankers,
n NAH ..Nl.