National Republican., 1883-09-29
THE MARKETS.
No Doubt About the Combination TO Twis
the Shorts.
Solid Buyins by the Gould-sagc-TSccne-
NEUTRALITY-SUSPICIOUS. People.
GOSSIP.
Snecfdt DfsDdich,

that there is no doubt about the combination
to twist the shorts. There has also been solid
buying by the Gould-Sage. Keone- Willard
Work Osborne people, and they confidently
expect further advance of to per cent.
The traders say that the shorts began to
cover up very lively yesterday, and the re-
mainder arc likely to run out to-day, aud
after this there may be another reaction and
new programme. Wizards friends say he
promises that in less than thirty days no will
have his whole debt funded. Tho Mills people
are not verv bullish on the situation, but say
they would sell nothing short on 2 per cont.
money market and the enormous general
business of the railways. 1t is stated that the
Dutchmen sold about 100,0 900 shares of Denver
and bought about 10000 shares of Erie yester-
day. The Standard Oil company people
bought great deal of St. Paul. About 10000
shares of New York Central on sellcr CO.
Options and cash transactions were noted,
and they were attributed to Kuhn and Loeb,
Woerishoeffers brokers, and Mr.. Connor.
Cammack says he has covered. Tho
brokers say the block of North Pa
cifc preferred bought by Bissell
last night just before the close was TO cover
shorts for Cammack which he had forgotten.
The joint executive committee Of the pool
lines is still in session and will continue to-
day. The Erie railway people retain their
little dissatisfaction over consideration of
cast bound traffic. There is new bull party
in telegraph, including largo operators horo,
and Mr. Bliss and other London capitalists.
1t is understood 10000 shares of Western
Union stock are now in London, aud tho
stock will soon be listed there, aud the II atch-
Williams suit will be settled in Albany next
week.
WALL STREET.
On the opening Kirkner Drummond and
others hammered Lake Shore. Briggs &
Altman sold. The buyers were Scranton &
Willard and Thayer, In New York Central
little was doing, but Herrick offered 5000
shares at 114I, seller go. In Northern
Pacific preferred Decker and Howell Il were
buyers, but in Oregon Transcont mental
they sold. Western Union was firm and was
bought by Dillon and Sheldon. In Union
Pacific Truman y Coolidge bought he
sellers were Paulding & Slosson and Garlic hs.
Sterling unchanged. Money to q. Sto cks
ending same as yesterday, except New ork
Central at 3-2.
1t is stated that the Northern Pacific has
decided to issue o second mortgage per cent
bond for $20000000, which they expect to
place at 70. The company expect to earn
about SO, 100000 net the coming year, which
would leave a surplus of 100000 on its $780,
100000 stock, or per cent. W. S. Williams
says the Louisville and Nashville road is
earning $4,000 per week more than last year.
predicts the stock will sell above 80 this year.
officials of the Northern Pacific Railroad
company say there is no truth in rumors of
issues of bonds to fund the debt. The COM
pany virtually has no debt, the president of
the road says, because it has been discharged
by the Oregon Transcontinental company.
Sterling weak and tending downward.
Brown Bros. report very quiet market
Wheat in Chicago is 1 cent higher October
corn unchanged, but November and May are
up cent.
The Reading Railroad company threatens
an advance in coal to the line and city trade.
1t is said it will also advance the tolls on coal
October l, 10 cents per ton. Another Phila-
delphia report says New York has been SELL
ing Northern Pacific stocks there to-day, and
there are rumors from here of an impending
suspension in the grocery trade. A receiver
has just been appointed for the Ohio Central
Railroad company
1t is reported from st. Louis that one of
the city banks this morning called in loans
of $750000
1t is denied that an agreement has been
arrived at in the settlements of the Williams
Hatch suits, and it is intimated that Gould
prefers these cases should go to the highest
court. Judge Van Brunt has granted an
order requiring the assignee of Mayer to file
a bond for $500000, and he states his belief
that the merchandise Of the concern is worth
$350,000, outstanding accounts 100000, and
Mr.. f. Mayors personal property at ST.
100000
1t is reported at p, IN. that at confer
ence held at DreXel-M0rgan's Office this af-
ternoon Gould and Willard were present Ar
rangements for the negotiation of $15,000,000
worth of Northern Pacific bonds, of which
one-half will be debenture and the balance
bonds of another character, and that the
proceeds will be used for the payment of the
floating debt, &C., and that money will bo
placed to the company's credit Immediately.
Stocks generally opened at the bull prices
of yesterdays closing, but soon afterward
became weak, and so remained during the
forenoon, leaving prices at noon about where
they were, the exceptions being Northwest
ern and Denver, which showed l pcr cent.
decline. There was no evidence of other than
professional trading. Tho market was dull
and without SNAP" and the bears were quiet
in view of therumors of a combination against
them. Lake Shore was hammered by Kirk
ner on the opening. Telegraph was strong.
Lackawanna was quiet.
Money to "a; government bonds firm; ster-
ling duh and weak. The drop in Denver to-
day was owing to sales by parties who will
receive stock in consideration for their sub
scription to the new 100000 loan. Lacka-
wanna declared quarterly dividend of 2 per
cent, payable Oct 20. The market was heavy
between IL and o'clock and generally lower,
with declines in the Wizards of \ to 1. Early
in the last hour there was a slight recovery
from the lowest prices The market
continued dull and featureless to the
close, closing steady at the decline.
Closing prices of the most active stocks, as
compared with yesterday, show the following
changes:
DECLINED.
Chicago Burlington, and Quincy. | ; Cen
trail Pacific 4 Western Union, ! New York
Central, /; Erie, J; Michigan Central, II;
Lake Shore, 4; Louisville and Nashville /;
Chicago and Northwestern, 1t; Union Pacific
4; Jersey Central, Z; st. Paul, 4 Wabash
Z; Wabash preferred, ( Missouri Pacific, n
Denver 1t Oregon Transcontinental, Il;
Northern Pacific, common, IL; Northern
Pacific preferred Ii; Canada Southern,1 Mis-
souri,, Kansas, and Texas, /; Texas Pacific
I; Canada Pacific, 4; Philadelphia and Read,
ing, IL; Pacific Mail, Z; Rock Island, I
Rochester and Pittsburg, /.
ADVANCED.
Delaware and Lackawanna, 1 Illinois Cen
trail, 4.
LONDON, 12:30-Erie higher; New York
Central, higher; Illinois, higher; Penn
sylvana Central, higher Reading, higher
Ontario and Western, higher.
WASHINGTON STOCK EXCHANGE.
District NJ Columbia.
Permanent lmproVemGnt 0A 1891. coln,,. i4li sees.
finyyear funded 3B5, 82i currency-,... iO0'a ,.,
Twenty-yeAr funded 6s, ls02 cOin,,,.,. 1lii
Thlrty-yeAr funded as, 1907 coin l22
Frs Insurance and G0s-Ltgn CbrnpantsL
Washington City dasLght. .",'''par 2'. ,;;,~ 80