National Republican., 1883-11-02
FHE MARKETS.
The Stock Exchange Not in Session Yesterday
on Account Of "All Saints Day,
Nothing Exciting Developed in the Liver
pool Cotton Market.
GOSSIP.
Snecinl Diepnlch.

NEW YORK, Nov. 1.-Brokors say the main
cause of the extraordinary weakness on the
second call yesterday was duo to forced sales
for large bull trader who operates on very
slender margins. Last night opinions differed
widely about the course Of the market to-day,
but many bulls said the bears were badly
frightened over the sharp rally at the closing,
and they further claimed the lowest prices of
tho season were seen.
Gould continues to express himself as
bullish, and says 1000 Western Union stock
20 into investors hands weekly, and the
books of the southwestern roads show an in
creased investment demand. 1t Is reported
the interest on Kansas and Texas bonds will
be 8 or 6 per cent. cash. The rally yesterday
encouraged the bulls, and they expect higher
prices this morning, but conservative brokers
say there are but few outsiders in the market
yet, and the trading is simple gambling with
loaded dice. Tho washing in Erie yesterday
was immense, and two-thirds were bogus, so
was large portion of Oregon Transconti-
mental Leading houses were their patrons.
They expect no genuine active market until
after tho holidays at the beginning Of the
year, and believe some stocks meanwhile
must go lower There are indications that
certain stocks will be raded one at n timo
by the bears Laokawanna is especially
beared, and this party threaten to carve this
stock.
WALL STREET.
There was considerable pressure to sell
Union Pacific this morning on the announce
ment that the government has ordered tho
Oregon and British Columbia mails over the
Northern Pacific, and taking from the Union
Pacific 100000 worth of business yearly.
Van Embergh sold considerable general
stock. including Lackawanna. Walter Bound
bought 1000 Lake Shore, 9Ss, and Schaiclk &
Co. bought. Campbell sold.
Dunan bought Western Union. In St.
Paul Wood and Gordon bought and Bird and
Elliott sold. jameson sold the most Now
York Central. In Erie London brokers
bought Harding, and Peters & Pell also
bought.
Moneys. Sterling strong. Stocks loaning.
New York Central, Michigan Central Union
Pacific, Lackawanna, and Reading all lend
Hat.
The Chicago Tribune this morning gives
Charles Francis Adamss views on eastern
railway complications and east bound per
Centages. He says the rate cutting is largely
imaginary, and he has notified certain roads
that he will not be bulldozed.
There is bitter fight going on between
the Manitoba aud Fargo Southern roads in
Dakota.
Brokers say Keene is doing the most trad
ing in Oregon Transcontinental to-day. IL is
learned from officials that the Oregon Trans
continental does not propose to make public
statement as alleged.
London cables say the total liabilities of
Ranger (the cotton failure) are 81, 100000.
Government bonds are steady and quiet.
Cotton in Liverpool this afternoon was
further advanced 1-61 to 1854 on purchases to
cover No further failures are known, but
there is great deal of trouble and settle
ments coming due Nov. 10 will severely test
the strength of the bears.
New York stocks.-Keene is selling 6
month spreads on Oregon Transcontinental at
35 to 20 for per cent Sage is selling puts
on Oregon Unconstitutional at 40 for 80 days
for per cent ,., 49,,
1t is reported that the Metropolitan Gle.
waited party has offered u compromise which
has been rejected. HNlsg 1-. aoh q
watching the Manhattan merger suits. 1t is
reported that $27 900 was offered to-day for
scat in the New York stock exchange.
Rumors are thick that the Oregon Trans
continental has made o statement, but Boo
cock says the company itself has made none.
1t is true that the Farmers Loan and Trust
company proposed to make showing of tho
assets of this corporation to satisfy a demand
from New York and New England stockhold
ers, but it WAS subsequently decided to post
pone the publication until after the meeting
of the stockholders on the twentieth instant.
This report has probably leaked out.
REVIEW.
Tho market during the forenoon was very
dull and business stinted, and fluctuations
within per cent, leaving prices at noon gen.
orally 4@3 below Wednesdays closing.
The principal trading was in Oregon Trans
continental, which ranged 4Ss, 50a, to 491.
keene was the principal dealer in this stock,
which accounts for the general verdict that
he has been tho principal trader to-day
People who looked for statement by Oregon
Transcontinental company to-day were dis
appointed, and there will be mono made
before the twentieth, the date of the regular
meeting.
Money per cent, loaning rates. New
York Central, Michigan Central, Union Pa
cifc, Lackawanna, and Reading fiat General
rates for Others l to 2. Sterling steady.
Government bonds strong and quiet.
Oregon Transcontinental rose l per cent.
to 5Os between noon and 2 o'clock,
but there were no other special
changes. The advance in Oregon Transcon-
tinental was on rumor Of favorable state
ment of affairs to be issued by the Farmers
Loan and Trust company, at the request of
of the Oregon Transcontinental company, to
satisfy demand from York and New Eng
land, but it was subsequently stated that
none would be published at present. There
was more activity early in the last hour, and
fractional advance in Northwest, Oregon
Transcontinental, and Lackawanna Subse-
quently the market became rather irregular
and generally shade off, closing dull and
steady.
Keene's brokers and the room traders have
been the main buyers of the market since 2
p. M. Powers, and Stephens, and Kirkner
started the rise i'll northwest, and Hollins
sold 5000; Davis, Tileston & Co. sold 5000
Lackawanna.
LONDON, Nov. 1.-The stock exchange was
not in session to-day OH account of All Saints
day holiday, and nothing exciting was dc
veloped in the Liverpool cotton market
though the next settling day (tenth instantj
is looked to anxiously.
STOCKS.
The following are tho opening, highest.
lowest, and closing prices of the principal
stocks for the day, rs corrected by special wiro
reports received by Bateman & Co., bankers.
No. l411 Il street northwest:
= II :,