National Republican., 1883-09-28
THE MARKETS.
Vanderbilt Gould, and Sage Large Buyers OI
Stocks.
Willard Says the North Pacific stocks
Have Reached the Isottom Figures,
GOSSIP.
SDccidt DtsDnich,

NEW YORK, Sept. 27.-It is reported on
excellent authority that Vanderbilt bought
stocks yesterday, and Gould aud Sage wore
known to have been largo purchasers of the
market 1t was this good buying which
turned tho market. Willard tells his friends
that the Northern Pacific stocks have seen
bottom figures, and it is reported that tho
company has arranged for the necessary funds
to complete and equip the road 1t is said
d. o. Mills bought back about 10000 shares
of Northern Pacific preferred and Oregon
Transcontinental yesterday, which had been
sold out q few days ago whom tho Wizards
were demoralized. The party is bitter against
Wizards management and claims he has
neglected his trust and squandered S3OOOOO
upon foreign eXCursionists.
b. +. Mayer d Co. say they will pay in full
within four months. The Lake Shore people
claim to have surplus of $4,000 after pay
ing the dividend Tho mortgage proposed
by the Denver road is for $50,000,0 900, but
only $5,000000 will he issued Immediately,
and the friends of tho company have agreed
to take these with q stock bonus of some sort,
not yet stated. Lovejoy said last night about
$l,000,000 was all that would be required to
put the Denver road in first class condi-
tion. The Erie and Now York Central peo-
pie have made an appeal from the pool com
mssoner's recommendations for division
of business in the oastbound freight pool.
WALL STREET.
The market opened active and stronger, but
soon reacted. In Lake Shore the trading was
large. The buyers wore Braxton and Ives
James Struthers, Drummond and Seymour,
Hunt & Co. Tho sellers were Decardova,
Campbell, and the room traders. In New
York Central the buyers wero Sternberger
and Fuld Herrick and Scranton, and Willard,
Elliott & Henriaues offered stock. Tho SELL
ing was scattering. In Union Pacific the
main sellers were Arnold and George Wander
hof. In North Pacific preferred the buyers
were Tunis Bissell and Quick. Nicholas
sold. In Lackawanna, Setback & Co. Sold In
Western Union, Gould brokers bought and
Spencer ,Trask & Co. were large buyers. In
Erie the London brokers bought, and Hotch-
kiss and Burnham sold. Sterling short sight
reduced by Brown Bros. to 1885,
Chicago specials say the weather is fair to
clear lower temperature in the northwest,
elsewhere clear and warmer.
jesse Selgman says Amsterdam and Frank
ford have both bought stocks and bonds here
this morning. Wormser says London bought
the general list, particularly Erie. In Lacka-
wanna A. & L. Nelson bought and John Wall
lace sold. Henriques and G. f. Dickinson
subsequently, sold this stock down to 121, and
De Cordova and Davis and Minnis sold, and
Newcomb and Marr bought. Osborn & Co.
bought Northern Pacific preferred, and
Powers and Stephens sold. In Oregon Trans
continental Hudson sold 4,000 and the other
sellers were Dickinson, Sheldon, Benedict
Hughes, and Johnes. Brownell & Lindon
bought 1000. Thomas Tileston bought the
most Reading, Louis Bell sold telegraph and
hammered Union Pacific Johnes sold Erie.
1t is reported there has been an important
conference between leading bull operators in
the Gould Vanderbilt Mills Willard interest
this morning at Works office, which resulted
in higher prices.
Bill Scott says Lake Shore earned OF per
,aN 20, thn 10 CantO 4
Others say this road earned % net for the
quarter. Sterling exchange steady and firm,
and the demand for commercial exceeds the
supply.
Thomas Reed sold New York Central seller
go down to Ii, and Sternberger and Fuld of
fered 1000 shares the same way. Van En-
burgh bought. Sternberger and Fuld sold
Lackawanna and Denver. Denver was
bought by Bell and II. McCoun. Clews
bought largely of st. Paul this afternoon, but
trading is generally confined to the room
traders
San Francisco dispatch says tho railway
conference adopted traffic agreements salts
factory to all the Pacific lines. No changes
in through rates.
REVIEW.
Stocks opened to above closing, and
Denver and Ontario 4 to Z higher, and for u
brief time was strong their being no bear
rumors, and the announced reduction in the
bank of England discount being regarded
fayorably. Subsequently there were moro
sellers than buyers, and decline followed in
Denver and Oregon Transcontinonta II
each; North Pacific preferred, 1t North
Pacific common, L; Northwestern /, and Tel
egraph l, down to 11:30 o'clock money 2 to
3; government bonds strong for the as; ster-
ling steady to firm The market became
strong at 11:30 and there was rally of
! to It, latter in Oregon, Transcon-
tinental. At noon prices showed de-
clines of ! to in Oregon Transcontinental.
Texas, Lake Shore, Union Pacific, and North
west. The rally late in the forenoon was on
rumors of . conference held at Works office
by the leading bulls. The feeling was strong
at noon, and early on the second call buying
orders for Oregon Transcontinental and
Northern Pacifcs were higher. The balance
of the list sympathized, but not so fully,
though Reading sold l per cent. above the
opening The market was quiet but strong
early in the last hour, and without material
change. 1t is authoritatively learned that
there will be no further call of bonds until
next month, but about $4,000 more 3s will
bo called in by tho first of January The
secretary says he will not anticipate the in
terest on the last call for some time yet
Stocks during the last half hour were quiet
but strong and the advance of tho late deal,
ings on the second call was maintained to the
close.
Closing prices of the most active stocks, as
compared with yesterday, show the following
changes:
ADVANCED.
Chicago, Burlington, and Quincy, 4; Cen
trail Pacific, 8 Western Union, ]; New York
Central, Erie, ! Michigan Central,
Lake Shore, I Louisville and Nashville,
Chicago and Northwestern, 81 Union Pacific
u; Jersey Central, II; st. Paul, VI; Wabash
preferred, 4 Missouri Pacific, Z Delaware
and Lackawanna, / Oregon Transconti
MENTAL Z; Northern Pacific, common, III
Northern Pacific preferred, X; Canada South
D; Missouri, Kansas and Texas, 4; Texa'
Pacific, Z; Canada Pacific, +; Phladelphia
and Reading, IL; Pacific Mail, 3 to I.
LONDON, l2:30-Erie, higher; New Yorl
Central, higher; Illinois, higher; Penn.
sylyania Central, higher; Reading, higher
St. Paul, III higher
GoVERSNEST BoNDs.
United States as 1891, registered -.,.... ia iiiG
United States 46s. 1921. coupon ........ ~ IllI
United states IA, 1897 Registered ,,,,.. l21i6 l2O,
United states Is, 1907 coupon l21S l2O
United States lOlta -,..
hAchhnRe..,' as3Sa9 4bB
wAsHIHGroN STOCK ENCitASdE
District Of Columbia