National Republican., 1883-12-29
THE MARKETS.
An Organized and Effective Raid on Northern
Pacific Stocks.
The crangers BuoySnt and Full OF SUR
prisIng Vitality.
saeefoi Dispatch.

SDecidi Dispatch.
NEW YoRK, Dec. 2s.-The market to-
day surprised the street. who anticipated
lower prices. Evidence Of manipulation
is very apparent. The grangers arc the
strong feature Of trading, and the re-
ported intention of the Northwestern to
enter the tripartite made short coverings
lively, and caused a sharp advance. On the
other hand the market was exceedingly weak
on the Northern Pacific stocks, and notably
on Oregon Navigation, which sold from 10l
to00, closing at 05. This stock was raid9d
70 shake out the Willard stocksiand the scoop
was an immense success. .st h.1rg
ThelGould stocks all showed weakness the
movement manipulation ceased, and IL is the
general impression that the short interest
has been diminished TO such an extent IA TO
take away tho main support Of tho market.
The feature of market on tho opening was
large selling of Oregon Transcontinental, {,
mainly by Osborn's brokers.
The Chicago morning papers say that the
Chicago, Burlington and Quincy is getting
ready to fight tho alliance. This company
was not represented at the Omaha meeting,
aud will not be at any hereafter. If the
Northwestern goes into the alliance, then
the Chicago, Burlington and Quincy will
fight harder.
1t is rumored on the board that tho Wa
pash proposes TO issue $5000,000 of bonds.
Nothing definite Is known on this point.
"A Philadelphia dispatch say work Is re-
sumed in the coal regions after several weeks
suspension Stocks show good retail trade,
With general conditions favorable. Prices
are SITTER
A Chicago telegram says there is nothing
new about Wabash joining the alliance, but
some prospects of Northwest joining. The
Quincy people declare their indifference, as
they will be no party to the agreement in any
shape. If the Northwest has Joined them
tho fight will be bitter
The bears raided Oregon to 30. Content
sold 1000 shares; then Alley & Dowd sold
stock down to bottom prices. There is said
to be strong bear party in the Wizards,
who threatened this attack early in the day.
q, Missouri Pacific advanced on purchases of
about 5000 shares by Van Emburgh. West
Shore bonds active. l.. l.. White bought
100000 West Shore shares. Knoblaugh and
Reilly were principal sellers
Gould's Southwestern stocks and bonds are
apparently supported.
A Chicago dispatch says: "Shorts buying
moderately wheat. Corn quiet; look for
lower prices.
Room traders and shorts buying stocks
largely this afternoon. The break in Oregon
. on false rumors of great defalcation was the
ersignal to buy stocks, and the resignation of
~ Willard was again reported for this end.
a Chicago kilograms says Alex. MitchelPs
y friends bought st. Paul stocks all day on
photographic orders Still it is believed in
4 Chicago railroad men that Chicago, Burling-
ton and Quincy will cut rates next week, and
~ say everything points that way. Chicago
Ndispatches to several houses here agree in
a saying Northwestern will join the Union
y Pacific alliance. Chicago seems satisfied n
y settlement will be made, as large buying
- orders arrived this afternoon.
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,
81 No. 1411 + street northwest