National Republican., 1883-11-29
THE MARKETS.
The Room Traders Appear to be Having 1t All
Their Own Way.
Only Fractional Changes That Arc With
out Special Significance.
GOSSIP,
SDecidl Dispatch.

NEW YORK, Nov. pa director Of the
Erie Railway company said that a dividend
of 3 per cent. had been declared upon pre-
ferred stock, and over per cent. remained
applicable TO the common stock. The largest
proportion of gain came from coal traffic. The
Millss party declare that Erie common is tho
cheapest stock in market.
The Lackawanna party say tho November
earnings Of fLacltawanna will be IL net. .---.--
The Chicago advices this morning say the
st. Paul company, represented by its general
manager and freight agent, intend attending
Iowa pool conference. This is regarded as
favorable for the formation of some sort Of q
new agreement but possibly not Immediately.
The st. Paul people urge that stock freight
shall be divided up, and that they shall have
the larger proportion Of 1t.
1t is reported from Now Orleans that
northern passenger rates have been cut TO
about seventy different points by the new
Southeastern railway, which is portion of
the Erlanger system in opposition to the
Louisville and Nashville road aud further
cut is threatened. Trains are already run
ming solid to Cincinnati.
Most Of the Windsor hotel traders are bear
ish and stocks are bullish upon grain, and
the corn bulls say this crop is fully one third
less than tho fall estimates. One of the
leading bears on stocks predicts that by
spring there will not bo q railway pool exist
ing in the country, and he argues that the
various crops will pan out 500, 900, 900 bushels
less than last year, which will produce n
scramble between the railways for the light
freightage offering.
The market opened spiritless and feature
less. On the opening a little Lake Shore was
sold by Phil and w. Hamilton, Schenck,
Post. Wales, and Watts. Canada Pacific was
AL hrr n
Nicholas bought. Chauncy sold Union Pa
cifc, Harding sold Erie, and s. V. White sold
considerably of st. Paul.
A Des Mones telegram says that no direct
$5 rate has been made with Chicago, but that
New York tickets are sold at such price as to
save S5 between Des Moines and Chicago.
Governments strong.
A well known conservative resident of this
city says he has just returned from trip
over the entire length of tho Northern Pa
cific road, and says ho was very favorably
impressed with the property. The local
traffic is very heavy, and steadily increasing.
The equipment is first class and thorough,
perhaps extravagantly for new road
Chicago dispatch just received quotes
the general freight agent of the Chicago,
Burlington and Quincy as saying that every
thing will be fixed satisfactorily in Chicago
to-day.
1t is again reported that Adams will sue
standing denials.
Chicago telegram says tho Iowa pool
meeting has just been called to order
Sterling exchange dull and the supply of
outside bills confined chiefly to cotton, there
being no grain, provision, OIL or tobacco
bills to speak of. Cotton bills barely steady
COTTON GOSSIP.
Walter & Kroham circular says: "But for
the utter want of speculation and decent short
interest our market would be booming now.
Still, with moderate receipts in the near frI-
ture, Liverpool may do better. Crop esti-
mates being reduced on thisside there siS5
millions highest, New Orleans about $780,
O00') 'siSE INyOE,;
From Liverpool we hear o prominent house
is taking up all the November notices, which
accounts for the improvement there. The
December manipulations here will become
more pronounced on Dec. /, when first batch
of deliveries has to be taken. Meanwhile,
only those who really mean TO tender will
dare issue more notices. This, of course,
will contribute to strengthen the undertone.
The interior movement shows further fall
ing off. The threatening relutions between
France and China are ipjuring the Manchester
trade, and in case trouble should be amicably
settled we think English trade would improve
Immediately. ,......
REVIEW.
Stocks wero q shade lower on the opening,
were off to respectively. A fair business
was done in Lackawanna, Louisville, Texas
and Union Pacific Last named was strong
on fresh rumors of Dillon's retirement The
market, as a whole, was much the same as
that of yesterday, and was in every sense dull
stale, and improbable. Western advices
were of q grave and protractcd warfare
among the lines. The Northwestern Traffic
association, a combination. not a pool, which
was formed for maintaining uniform rates
according to Chicago dispatch, is on tho
verge of disruption. The Chicago Burling-
ton, and Quincy, the st. Paul, the Northwest
ern, and Rock Island roads are in this asso-
citation Trouble from these disruptions is
thought to be imminent in other pools, it
having been discovered that there have been
evasions by the Northwestern road which, in
connection with the Wabash, is taking busi-
ness from st. Louis to st. Paul, via Chicago,
at the rates of the Chicago, Burlington and
Quincy, which is the direct route
Money 2 81. Loans for stocks unchanged.
Sterling weak. Government bonds steady.
Stock trading between 12 and o'clock was
simply stupid and without material change.
In the last hour the market was shade
higher for the grangers, mainly on manipula-
tion by the room traders.
STOCKS.
The following arc 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,
No, l411 Il street northwest.