National Republican., 1883-12-18
THE MARKETS.
Wizards Reported Resignation Sends His Stocks
Booming,
And stlfrcns the Market for other securi-
ties.
REVIEW.
Specfdi Dispatch.

Specfai Dispatch.
NEW YORK, Deo 1.-THE market opened strong.
II rallied under the leadership OF Oregon Trans
continental to points, and North Western and
Lake Shore ~ but on Union Pacific 1t was weak
from the outset and this stock sold down to 7iIf,
afterward rallying slightly TO 76, and then down
10 7SlS.
Reports of Wizards resignation the president
OF the Northern Pacific roads-hs successors be-
ing Endicott, of Boston, and Coalldge-sent the
stocks up sharply.
The market rallied a little again this afternoon
on scarce deliveries OF stock, and one house
bought several thousand New York Central "un-
der rule" for non delivery.
The feeling on Union Pacific is intensely bear.
fish on free sales Of long stock by New England
parties
: Tho Windsor talk yesterday was chiefly upon
tements of Vanderbilt roads. The item Of un- :
4 led debt in the New York Central report
caused good deal of comment, but was not met
by an authoritative statement that there was no
floating debt except in connection with current
accounts. The fact that the road earned a sur
plus was considered an explanation Of the strength
Of New York Central last week.
surplus Of s46S,6i5 would be largely increased the
last quarter.
GOSSIP
II is generally thought that the market would
rally this afternoon or tomorrow.
Vanderbilt was quoted as saying that no money
figures. Sage was reported as saying buying now
would yield fair profits soon
Vanderbilt brokers said Saturday was low day.
IL is thought Mr.. Smith covered many shorts.
Conservative brokers said the market was ready
for rally whenever inside selling long Oregon
Transcontinental and Northern Pacific stopped.
There were several attempts to cover shorts Sat-
urday In Western Union, but all the short stock
offered was taken and the price advanced on the
II Is estimated that 6o,OOO Oregon Transcontin-
entail was covered Saturday and rumored that
stock. Insiders claimed long stock had been sold
by parties who got a wrong impression OF the
forthcoming statement and said the statement
would show large excess OF assets over obliga-
uons
Union Pacific made overtures to Denver for ed-
vance rates on Utah business. The proposition
was declined. President Lovejoy expects to re-
main In Denver until spring.
Fair authority states that Union Pacific directors
will prevent the ratification Of the triple alliance
1t Is rumored that pool to bull wheat has been
formed in Chicago, with headquarters on New
the curb. Corn Weak at on realizing, % but Broad
street house supported the market In the after
noon.
Assurances are positive that Mr.. Rathbon, of
the Farmers Loan and Trust company, has just
accepted position on the oregon Transconti-
mental examining COMMITTEES that MT. Billings
nental, and thata considerable part of the long
stock sold last week came from Billingss interest;
further, that the Oregon Transcon tinental state
ment shows assets, at market value Of from S22,-
100000 to S25,000000 over all liabilities, are sub
lect TO call, ana remainder positively placed At
from four months to years time.
II is said that the Oregon Transcontinental
will be Immediately reorganized, the drec-
tors now considering this Mr.. Willard
VIII probably resign the presidency,
and Mr. Endicott of Boston, will probably sue
coed him. The following is an approximate
statement of Oregon Transcontnental shares: As
sets Oregon Navigation stock, 100000. This at
par equals SIS 100000; Northern Pacific preferred,
Sl600O000 at so per cent equals 81, 700: North
ern Pacific common, S16,7O00O0, ut % per cent.
equals Si,175,000 branch line bond claims and
other assets valued at Sl3, ,16S 600; total assets,
si0333, 900; total liabilities Sl6,0O0000; balance
s24,3SSo0O; s24, 49,, ,OOO equals on s4OOO0OOO Ore
gon Transcontinental stock, sec. .83 per share.
Sales to-day aggregated Sol 1886 shares, including
Delaware, Lackawanna and Western, o., 900; Den
yer and Rio Grande 1850; Erie, $780, Lake Shore,
26,200; Louisville and Nashville 24,00O Missouri
Pacific, 1900; Northwestern. 1890; New York
Central, 1s6OO; Northern Pacific 19,6O0 Reading,
10,700 St. Paul, 80, 600; Union Pacific 800; West
eIn Union, $500; Oregon Transcontinental, ll2,-
800; Northern Pacific preferred, $4,000; Chicago
$500. '.~. n .s1hn ,s1HhhS
STOCKS 'HtTg ~
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 e. Co., bankers, No. lill + street north
WI