National Republican., 1883-11-10
THE MARKETS.
The Advance in Stocks Followed by De-
cline-A Fractional Tone the Not Result
A Decline i'm tho Wheat and Provision
NIarlxet-slight Advance in Corn.
GOSSIP.
Special DisDdtch .


NEW York, Nov. 0. Regarding the trunk
line conference yesterday, Tillinghast Of tho
Now York Central, stated there would DO no
further traffic troubles The Lackawanna
has been warned against cutting, and its
western connections will DO broken if IL re-
duces rates. The brokers say that while thore
Is large amount of manipulation thcre
is considerable genuine buying of good
stocks and bonds. The foreign brokers
report that they will ship large amount
investment stocks by to-morrow's steamers.
The room traders talk bullish, and say the
market is a purchase on every reaction, and
that the market lags. because nobody wants
to SELL
Keene had hand in tho largo trading
yesterday, but solid dividend paying stocks
exhibited independent strength.
Sage said he continues bull, and disre-
CARDS tho operations of traders. ID. o. Mills
seemed we'll pleased with the condition ofmar-
et and said the best class stocks and bonds
would sell much higher before New Years
Woerishoefler and Cammack still talked
bearish, and did not believe the market was
going up much, and ID. p. Morgan was nom
committal. 1t is believed the Michigan Cen
trail company will declare 3 and the Canada
southern 2 per cent. cash in December.
Henry Hart says Pacific Mail will sell at 45
before 80 again.
WALL STREET.
Wetmore g. Rathbone bought Oregon
Transcontnental largely, and according to
Boston advices the floating Adebt of Oregon
TranscOntinental is $2000T000; $50OO,O00
was contracted upon branch lines, and negoti-
ations are going on in Amsterdam for the
sale of IS, 100000 of the branch line bonds
On the opening Keenes brokers sold all
around the room on the strong demand. In
Lake Shore buyers were Vyse, Bissell, Leavitt
& Kirkner, and the sellers were Drummond
and Bird.
In Union Pacific tho buyers wero Newton
and Henderson, and the sellers were Monroe
and WycoH.
In st. Paul tho largo sellers were George
Chaplin, and Stow. Prince & Co. bought 1000.
In Canada Pacific the largest buyers were
Davis & Minis.
London bankers sold Canada Pacific and
Erie.
Governments firm. Investment bonds in
large request. 1t is estimated that Van En-
berg & Atterbury bought about 1900 shares
Lake Shore this morning. A. V. White bought
extensively of Lackawanna; Sternberger sold
the stock freely. In st. Paul, the largest
buyers were Van Emberg, Kimber, and IL.
McCoon. Tho sellers were Bird and Sternber-
,
M. NJ. Truman bought it largely. 1t is re-
ported Mr.. Morgan bought largely to-day for
long account.
The United States circuit court hero to-
day decided to permit Marie to bring suit
against Commodore Garrison in the Missouri
Pacific railway case for $3600,O0O and inter-
est. Marie was frozen out" by Garrison on
foreclosure twenty years ago
New York Central and Hudson River rail-
way yearly statement to tho state authorities
ut Albany gives earnings for 1888 equal to 81
per cent, which leaves u surplus of 100000
wiping out last years deficiency.
Tho advance in Pacific Mail is leased partly
upon very valuable transportation in con-
tracts with Panama Canal company, and the
latter campany is in ample funds for next
year. ..,.,
Chapman has been supplying the market
with New York Central on q scale, and
Robinson, Hecksher & Co. bought Sterling
rather frmer Liverpool cables say nothing
about to-morrow's cotton settlements, but
settlements are looked for with anxiety.
In West Shores thelargest buyers this aftor-
noon were Alex. Taylor, jr.; ]. IL. Davis,
Brownell q Landon, and Willard. l.. l..
White bought st. Paul; II. l. Nicholas bought
Lackawanna, and Amory bought 10 900 shares,
supposed for Cammack Decker & Howell
bought Oregon Transcontinental. Powell &
Stevens bought Northwestern. Keene's
brokers bought stocks liberally since IL
o'clock. Advance in West Shores in an ex-
pected traffic agreement with the grand trunk
road.
REVIEW.
The stock market opened strong, with an
advance of 19s, the latter in Pacific Mail
Oregon TrAnscontinental was weak on Boston
reports Of the company'S floating debt of $50,
100000. By IL o'clock part of the advance
was lost, but the list generally showed frac-
tional gains compared with Thursdays clos
ing. Oregon Transcontinental was off II per
cent
Money %. Government strong. Sterling !
higher and frmer.
Between II and o'clock the market again
hardened, the special feature being Pacific
Mail, which further advanced per cont.
Cammack' was reported covering 10000
shorts in Lackawanna, and Keene's brokers
were general buyers.
Very extensive trading at advanced prices
on West Shore bonds on favorable reports OF
traffic agreement with Grand Trunk roads.
After 2:15 stocks fell Off to J, and Oregon
Transcontinental went to AZ, reacting imme-
diately to 47s. The market closed dull and
tired. AT 2:45 p. IN. the market under lead
ership of Lake Shore, advanced. Lake Shore
reached 10l8 and heavy shortcomings fol-
lowed. Tho market closed active and buoy
ant at top figures of the day.
THE SITUATION.
From Robert Bruce's Washington circular
of yesterday:
ave notice decline in tho wheat and pro-
vision markets to-day, the first about q cent
under last nights closing. Corn is higher,
owing to Light receipts and good consumptive
demand. The English markets arc steady
and quiet, while slight advance is shown in
Paris. The conservative bull houses ia
Chicago are not surprised at this g cent de-
cline in wheat after | cent advance 1t was
N "A hnt bn aaia 10,
the low prices Of three weeks ago would be
rapid and steady; but to people who do not
try to catch the turns in tho market we
would suggest TO put up good margins and
stand by any purchases made at present
prices"
STOCKS
Tho 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 s. Co., bankers.
No. l41l + street northwest:
q =