National Republican., 1883-10-05
THE MARKETS.
A Report hal Jay Goad is Selling Northern
Pacht
rhs vandsrbn, s,ock Active sud Strong
Gossip nom WAN street.
OosaIr
rnfHrf DtuftN.

NEW YorK. Oct i-Anorih the board several
stocks were offered in the sHcot slightly be.
low tho closing prices and Northwestern was
offered AZ i2li. In tho evening" a tho wind
sor. Mr.. Kennedy sold Enos put on /. 900
sharcs Of Northwestern at 2pcr cont below
market. sixty days At por coat The feeling
on market 81 Windsor hotel We fovorish. With
considerable anxiety. especially on Wizards
J. T. Mills believed nothing c,uld rally tho
Viilards until tho managers could show that
they were In q position 90 gs on. Over.
ceiling thcsn securities would not producc
much reaction. because thcy are constantly
oyersold. Bond dealers say second mort
gage is impossible. bccauso of opposition Of
the preferred stock holders. 10 q reported
Gould sold Northern Pacific yostoriay. Mr.
horisinni figures that this company fcll short
S3oOoOO0 of Gred charges the Gbt year.
Brandon sold 2,00O Kansas Texas int before
closing-thought for Gould. Tho brokers
say the closing showed no signs Of improve.
mont, and those who had orders 10 by the
Nillards every 4 down got hiled up viii the
stock. The Osborne party are very bcahsh.
but u Is understood Cammack covered bis
Deleware aud Laekawanna, while other mar
ket was weak.
WALL STREET
IL Is authoritaively announced that ths
Northern Pacific people arc considering a
proposition 20 issue grand consolidated
mortgage. In the Northern Pacific stocks
this morning tho prominent sellers were
Chapman, ThAyor, Hughes and stephens and
the buyers Of these including tho Orcgons.
were Leo, Sistaro, and Spencer and Tresk. In
the New York Central the prominent seller
was J. W. Newton. In Erie sellers were n.
S. Wilson, W. X. White, aud Harmed; buyors
were. the German bankers. 5. ~ White
bought the most Union Pacific. West
ern Union opened strong but with
out large orders TO buy. More sellers
than buyers and some large selling orders
soon appeared. In Lake shore Schenck sold:
the buyers were Randall aud Wetrum and j.
o. Stephens. The sale Of the put on North
west common last night turns out 10 bo an
error.
Sterling fiat, 4s1l@I to ASH Government
bonds declined but arc steady NJ tho break
Wheat in Chicago is to lower and corn
steady.
A Philadelphia dispatch says concerning
Northern Pacific, matters, that tho trouble Is
the form which shall be given to tho floating
debt-$S, 100000 due Oregon Transoontinen-
tals 100000 to complete road; total, Si2, ,5OO,-
600.
REVIEW.
As has been the case for some time past,
tho interest in the speculation centered
Shiohg III lHc anu, WITH NlNoEuhh
raiding by bears and tho continuous selling
of long stocks, the lowest prices of tho year
for these stocks were recorded. Tho decline
in Northern Pacific and Oregon Transcon
tinental in the early dealings was from Z for
common to for preferred. Oregon Trans
con tinental fell l J. but the latter and North
ern Pacific preferred rallied later for each,
on purchases of about $4,000 shares to cover
shorts. Oregon Navigation sold 2 points
lower.
Considering tho fierce onslaught made on
the Wizards it may be said that the re.
mainder of the market, after opening to
under last evenings close, was fairly sus-
tanned. The Vanderbilts wore active aud
strong. The Gould fancies were steady, with
little doing, and the granger's active al
slightly lower prices than yesterday.
At 12 o'clock the bulk of tho list showed
fractional declines us compared with yester.
days. Money "a governments weaker but
steady. Sterling fiat and unchanged. Thore
was rally of . to at noon, after
which the market was dull and subse.
quently became weaker. On the second
call the market was strong, with the greatest
activity in the Norther Pacifics. The Oregon
short line has applied to list $4,5OO,oO foI
first mortgage bonds; also to increase the cap
ital stock from $4,000,0O0, the present capital
to $12,500000 This probably accounted foI
the weakness in Union Pacifics, which de-
clined IL on the second call. At 2.15 prices
were about steady, but in the main below the
opening to the extent of small fractions.
The market closed steady, with better
feeling all around.
Closing prices, as compared with yesterday
show the following changes:
Advanced - Chicago Burlington and
Quincy, / Western Union, 4; New York Cen
tral, J; Erie, /; Michigan Central, Al Lake
Shore, Il; Louisville and Nashville, ! Jersey
Central,s; st. Paul, / Wabash, Missouri
Pacific, q; Denver, 4; Delaware and Lacka
wanna, Z; Oregon Transcontinental, 4 North
ern Pacific, q; Northern Pacific preferred
Il Canada Southern, 2; Kansas and Texas,
Reading 4 Pacific Mail, !.
Declined-Central Pacific, 1; Union Pacific
2; Wabash preferred, !; Canada Pacific, /
Texas, 4; Rochester and Pittsburg /.
LONDON, Oct. 4.-United States As 3-1(
higher and AS lie lower; Erie, lower
New York Central, lower; Pennsylvanit
Central, lower; Reading, lower ST. Paul
lower.
STOCKS.
Tho following are the opening, highest
lowest, and closing prices of the principa
stocks for the day, rs corrected by special wire
reports received by Bateman & Co., bankers
No. 1411 + street northwest: