National Republican., 1883-11-01
TIE MARKETS.
Traders Looking for Lower Prices, but Disin-
Clined to Sell Short
Only slight Fluctuations i'm Prices Yes
aerday-The Cotton Market.
GOSSIP.
Special DisDdich.

NEW YORK. Oct 3l.-Ihe traders look
for lower prices this morning but some are
disinclined to sell short just now, and there
was an impression last night that tho decline
in Oregon Transcontinental late yesterday
was simply manipulation by Decker and
Howell, who were open sellers to induce an
other short interest to be twisted.
1t is understood that Fahnestock, of tho
First National bank, is personally engineer
ing tho manipulation of the Willard stocks
now through Winsow 81 Lanier, and it is the
intention of the pool to keep these stocks
active.
The erratic movement of Denver yesterday
was attributed to Woerishoeffer, and the stock
was first advanced for the purpose of market
ing the bonds.
The large selling of st. Paul is laid to
Gould, but it is likely to come from Osborne
and Cammack, who assert that insiders are
selling out on decreased earnings.
Some of the most conservative houses tele-
graphed customers last night that the market
in their opinion looked lower, but advised
them to keep out at present on account of
profes sional manipulation.
1t is understood many stocks en- route for
Londonl this morning are to cover shorts on
the other side.
WALL STREET.
On the opening Hamilton and Connor sold
st. Paul heavily, and Elliott bought.
Willard sold New York Central and Min
ton bought.
Stewart and Van schaak sold Louisville
and Nashville and Henderson bought.
In Lake Shore Content and Sterling sold
and Drummond and Campbell bought.
Canada Pacific was sold down to 5S by Groot.
Erie was sold heavily by Dickinson, Niles,
Harding, and Hartman.
Loaning rates generally 1 and 2. Michi-
gan Central offered for 1-16.
Money, 8. Sterling unchanged.
A Chicago telegram says all the trunk line
offices are selling eastward bound tickets by
way of the Chicago and Alton, and it was
found that the prohibition order did not pre-
vent the Altod from getting its full share of
the business.
The Chicago Tribune ssys tho cutting of
rates prevails extensively on most roads, and
IT is not believed the meeting called in New
York next Wednesday will mend matters.
The New York Cetral railway was reduced
its rates between Amsterdam, N. Y, and New
York city to meet the reduction on the West
Shore road.
Liverpool specials report several more cot
ton failures this morning. Among others,
Taylor q Co., and the cotton trade in Liver
pool is greatly demoralized.
New York cotton market is very weak.
Henriques and l.. Gahn g. Co. have been
selling Erie and the London bankers bought.
good & Co. and Keppler sold Canada Pacific,
but Davis d Minis are supporting stock now.
New York Central mainly sold by Bennett
d Co., Bissell, Green, and Trask. Herrick
sold.
Willard sold Lake Shore. Enos bought.
Largest sellers on Lackawanna were Lee,
Ryan, w. Heath, Prince, Whiteley, and Rob-
ins & Robinson with scattering buyers.
Sterling very strong at 81, Slt, S33, and 81.
There is a closer scrutiny of cotton bills
that are not known to be freproof but it
cannot be learned that there is shilling of
bills against any cotton sent to Ranger in the
hands of New York bankers, and the London
report of 100000 liabilities in New York is
seemingly unfounded.
A Liverpool cable, dated o'clock, declares
NtB worst is over, and if there are, further
failures they will be small. The short in !
terest there is still very large, and must be
covered, but there seems to be no yielding
by the bears as yet.
STOCKS.
The selling Of Erie is mainly on cutting of
local rates with the Lackawanna. Dickinson
Bouvier, Amory, and King have sold about
10000 Erie in all Rumors are current in the
stock board of fresh railway trouble in the
southwest.
COTTON SPECIAL.
LIVERPOOL, Oct. 31.-The cotton market is
laboring under effects of the failures, but o
fair business is doing. Business in futures,
however, is confined to small dealings in
October and November deliveries No busi-
aess in distant months.
LONDON, 2 p. M.--The cotton failures in
Liverpool have depressed the stock market in
London.
REVIEW.
With the exception of Canada Pacific
which declined II, fluctuations were very
narrow during the forenoon, 80 that at noon
stocks including Canada Pacific which re-
acted, were about where they opened The
pressi Ng of Lackawanna for sale was at 1149.
As a wSole the market was very dull, and the
London market being affected by the Liver
pool failures the weakness was reflected here.
Erie was freely sold on the local war of
rates with the lIackawanna road Money 81
to 3. Loans on stocks to 9. Sterling very
strong Government bonds firmly held.
The general market between noon and 2
o'clock was very heavy, New York Central
being especially weak and declining 1! to 115t.
Lackawanna, Central Pacific, and North
western declined / per cent. ON each The
principal buying to-day was to cover shorts,
and the bears claim that even they were
rather surprised at the weakness of the mar
ket; further, that tho Erie road will continue
cutting rates until it brings both the Lacka-
wanna and the trunk lines to terms. Late
on the second call BoocOck bought about 9 600
New York Central, and the stock rallied 4
the rest OF the market sympathizing. The
large trading IN Lackawanna and New York
Central, at prices 1 per cent. above lowest,
and the strength of the Wizards were the
features of the last hours trading, but the
general list was dull, with light trading.
In trading during the last half hour, lust
before the closing, tho report of Oregon
Iranscontinental, showing the very favorable
financial condition on the report from Mr..
Willard next Saturday advanced the stock |
to ID points, and the whole market followed,
with fractional rise in sympathy. Tho
closing was active and strong.
LONDON, 12:30,-Erie, lower; New York
Central, 1 lower; Illinois Central ! lower;
Reading lower; Ontario and Western, /
lower; Pennsylvania Central, /, lower; st.
Paul, lower.
WARRINGTON STOCK ExcHANaE
DistrtcLOr Columbia,
Permanent Improvement 6A, 1891 cOin,,, Il3s IlIIs
Permanent Improvement rs, 1884, curry. INK
Market slock Us, lSD2, currency ...,.....,. IFS
Water stock Is. 1901, currency ........ .... i28 ]
Water stock rs, 1908, currency, ,...,,..... l2B ~
fifty-year funded 3.b5 w. currency-.. i0L IIiL
Twenty-year funded bs 1870. currency .. liz IiJI;
Twenty-year funded %, 1892. coin. Ilayk -
Thirty-year undsd u.s. 1902, coin ......... .... iN
4 Fhe Insurunce ard Gas.Lt0ht GbnpdntsL
Washington City das-IighL ......par 2O.. ~ sSA,
themen IS lnsurance.... 10, ,,.. AZ
National Union lpsurance-.,,....,,,6O .,... l0l,
Arlington Insurance l0O, 1856 .,.,
columbia insurance. ,,..,,,..,.b... 81
Potomac Insurance Company -".....,.,.. d .,,,..
Riggs Insurance company, ,..... .......,. .....-
Railroad stookL
Washington eorgeIown-bonds-..,.. llO -....