National Republican., 1883-01-13
THE MARKETS.
Stocks Were Firmer Yesterday and Prices
Slightly Advanced.
Vanderbilt working for Control OF the
Illinois Central.
THE DAY IN WALL STREET.
,Cprciai DieDgfch.

NEW YORK, Jan. 12.-The market opened
rather frmer, and improved as the day wore
on, but there was dull trade and limited
demand.
The strongest feature was Denver which
rose point, owing, TO covering of short in
terest on London account and New Jersey
Central rose point on a report that Wander
bilt had obtained control of the New Jersey
Central in the Reading roads interest.
1t is reported from Chicago that Vanderbilt
Is endeavoring to secure control of the Illinois
Central.
North Pacific improved on the defeat of the
congressional action adverse to the land
grants.
Western Union was firm and unaffected
by the adverse Pennsylvania litigation yes
terday.
Vanderbilt stocks were higher and improved
on yesterdays closing.
The coal shares improved to }, but Phia-
delphia reports say coal prices are not main
tanned, and there is some cutting
Stocks loaned 4 to 3.
Some short interest has been newly made in
Erie, Lake Shore, st. Paul, Denver and New
York Gentral also, the Wabash and Omaha
common and preferred.
Money at 8. Sterling frmer. In the last
hour money was offered at d. After 2:15 p.
III. stocks were easier but very dull.
The attendance in the board is most lin
tied, as many of the traders and customers are
sleigh riding.
The market closed fairly strong, but not up
to the best prices of the day. The support
has been fairly good, but outside buying
very limited.
The house judiciary committee, by vote of
to 8, this morning tabled Knotts resolution
to declare the Northern Pacific railway land
grants forfeited. This ends the whole mat
ter for this year.
The story in the board is that the bulls
have caught and may twist now short in
forest, and it is believed Woerishoffer is also
short
The German brokers are prominent bor-
rowers of Erie, Lake Shore, St. Paul, Denver,
and New York Central this morning. tho
same having been sold on foreign orders.
The report is current that Delaware and
Lackawanna is again cutting rates and deter
mined to obtain one-third of the New York
business.
Stocks lending 4@5.
Good borrowing demand for Uni on Pacific
st. Paul. common, Denver and Rio Grande,
and Pacific and Wabash common, and Omaha
common and preferred.
There appears to be some ew short interest
in the market
The largest bear holders in the board think
this morning that the market is grounding on
bottom prices
A Chicago dispatch just received says the
Tribune this morning, in leading article states
that Mr. Vanderbilt has for some time past
been buying all the Illinois Central stock he
could get in order to obtain control of the
property, and that he will try to mako some
compromise with the Hollanders, as he did in
the Northwest scheme.
The lake front depot project is postponed
indefinitely.
A Philadelphia special says it is reported
there that G. p. Huntington has offered the
Richmond and Allegheny Railway company
S35O,OOO per year for n lease, which is about
the interest on the first sevens.
Hannibal preferred dividend per cent,
payable Feb. 10, reduced from 81 owing to
expensive litigation with the state authori-
ties of Missouri.
LONDON, 1870 p. m.-United States bonds
steady aud unchanged; New York Central
higher and Pennsylvania Central and Read
ing to lower.
Tho Chesapeaho and Ohio is said to have
purchased the Louisville, Evansville and st.
Louis road, and it will become part of the
Chesapeake and Ohio system.
c. j. Osborn is a very large bull on Den
yer, and predicts As for the stock next week.
Gould and Vanderbilt are doing little in the
market at present other than supporting their
stocks.
There is evidence of more activity and
higher prices very soon.
The brokers. say there is no change, except
that the demand for good railway bonds on
investment orders is greater than offerings
unless at advances. Dullness in speculation
this time of year causes but little apprehen-
sion of lower prices as in the fall of the year.
The Oldest traders generally agree that this
season Of the year the earnings of the railways
and abundance of funds will cause advance
prices, and it is not safe to sell stocks short.
Gould, Osborn, Shaw, and Cammaclz re-
remained at the Windsor hotel most of the
day yesterday, and did little or nothing in the
market.
The attack on Northern Pacific tomorrow
was said to have been the purpose of buying
in shorts, and Texas Pacific was sold for the
same object.
The room traders continue to buy on the
slumps.
The Trinity Building commission are ex-
cited because coal prices here are about 30 cents
below circular rates, the Pennsylvania rail
way cutting prices
Tho Albany foundries bnvn sbut do,yr
pending the question of reduction in wages
Of 10 per cent
STOCKS
The following are 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. Corcoran. building: