National Republican., 1883-11-21
THE MARKETS.
A Prospect Of Fierce Rate War Makes
Spectators Timid.
The North Pacific New Loan 10 be Made
Tho Street Small Talk.
GOSSIP.
SDccial Dispatch.

NEW York, Nov. 20.--It Is rumored that
Vanderbilt is opposed to the declaration of
dividend on Omaha preferred because none
has been earned. Scott says this company
never earned dividend from traffic, but paid
them from land sales
The Boston Transcript says that the Union
Pacific books show that Boston gained 10000
shares of stock between Oct. 3 and Nov. 10.
Tho brokers say the market closed UP as
strong last evening as tho Willard people
could mako e. Gould's brokers bought Wa
bash, and this helped the general advance
but there was SO much bogus business and
washing dono that it was hard to get to the
bottom facts.
The room traders covered a batch ofgeneral
shorts, and the st. Paul directors covered their
shorts in this stock. Wadsworth aud Mill
bank have been buying, Millbank steadily,
and say the st. Paul company will maintain
rates irregardless Of the pool, and that tho
Omaha business only amounts to 10 per cent.
of the traffic anyhow. Woerishoefer and tho
Windsor hotel bears say they arc doing but
/. little in the market, and Cammack declares
he never sells stocks short on o railway war
without losing, because the speculative
officers always control things and skin out
siders.
Joe Mills says neither he nor d. o. Mills
own o share of Oregon Transcontinental and
have no faith in it.
The general feeling is, that Oregon Trans
continental will go to So this week, and that
the Willard stocks will lead the market. Tho
eastbound freight rates from Chicago advance
from twenty instant.
The Chicago Tribune this morning has q
m nj
inner workings of the Iowa pool, and how
the St. Paul company secured the big end of
live stock business; further that the pool is
going to burst and general war follow.
On tho opening Sheldon bought Lake
Shore, Freeman bought st. Paul, Bissoll
bought Lackawanna, Van Emburg and Ray
mond sold Union Pacific and Bell sold st.
Paul, loaning rates unchanged. Less demand
to borrow but st. Paul is in good demand.
Seigman & Co. report that 10000 francs
arrived this morning consigned to them.
Governments strong and scarce. Sterling
rates nominally 1872 importers buying little
and inquiry moderate. In New Orleans
money is to per cent, and the banks have
called in loans to brokers TO accommodate
merchants There is cotton buying for France
and the continent, but England is buying
sparingly.
A Chicago dispatch says cut has been
made in passenger rates between St. Paul and
Chicago on the st. Paul road.
REVIEW.
The market was firm during the forenoon
Wizards stocks, in early dealings, were
strong, but weakened toward noon, and at IL
o'clock were ! to 4 off from last evenings
final prices, while the general list showed no
appreciable change. II was reported that the
English holders of G. G. G. l. were dissatisfied
with the management, and will not vote for
the Vanderbilt interest next election. These
English proxies determine elections. The
stock advanced per cent.
The weakness in the Wizards was owing to
alleged inside selling, and fears of an injunc-
tion restraining the issue of second mortgage
bonds. Trading was light. -. -,
Six mercantile failurs occHrred in Chicago
yesterday. ,eESEE.ES
Advices say tho Rock Island and Buflint-
ton-Qpincy people now demand u larger share
of Iowa pool business. There will be q big
row and rates go rolling to bottom before
Christmas.
Sterling exchange this afternoon advanced
= cent.
AT tho election to-day in favor of tho issue
of the new mortgage bonds of North Pacific
the result showed in favor 352, 42S shares and
SO shares against the motion.
The market between noon and o'clock was
strong and dull the Northern Pacific and
kindred stocks were heavy, and G. G. G. & l.
advanced to "a, against SO at yesterdays clos
ing.
The dullness in the last hour was most
marked. st. Paul dropped on u report that it
had cut passenger rates between st. Paul and
Chicago. The feeling was feaverish and timid
STOCKS.
The following are tho 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. lall street northwest.