National Republican., 1883-12-12
THE MARKETS.
The Western Railroad War Approaching
A Peaceful Close
No Very Marked Changes In tho stock
Quotations Yesterday.

NEW YORK, Dec 1.-THE sensation last night
was thesigning ofthc trpartlte agreement between
the st. Paul. Rock Island, and Union Pacific
President Cable told prominent operator that
he signed 1t last Thursday, and Mr. Merrill ofst
Paul, aud Representative of Union Pacific, signed
ityestcrday. Mr.. Morrill, arrived at tho Windsor
yesterday morning, but he did not register He
said last night: can say nothing about the tri-
partte agreement tonight Tomorrow we shall
be willing TO talk about t."
President Hughitt, of Omaha, said: "I do not
know anything about this agreement. There have
been no negotiations with Northwestern. have
attended no meeting. The Iowa pool meeting
has been adj ourned until the eighteenth"
Chicago dispatches say that the Iowa pool
meeting had been adjourned on account of the
leading railroad men being in New YORK. The
Iowa pool difficulty was thought, however, to bo
a small matter compared with the Rock Island,
st. Paul, and Union Pacific alliance.
Mr.. Cammack knew that the agreement had
been signed, and said II would tear Union Pacific
all to pieces He also thought 1t would hurt North
western very much. Members OF the Exchange
place party said the market would be lower to-
day, particularly Union Pacific and Northwestern.
Vanderbilt was quoted as saying that the trpar-
tite agreement had been signed. The agreement
is for twenty-five years.
The sellers Of North western last week were VIM.
ii. Vanderbilt and w. X. Vanderbilt, and that
they sold in anticipation of the coming fight in
the northwest.
rates on its entire line to those Of the printed
schedule, an advance of about 20 per cent.
Work, Strong IL Co. were the large sellers of
Erie aud Western incomes yesterday. The firm
(Work, Strong Coz Will go out OF business
shortly.
The Chicago houses are large sellers Of Iowa
railroad stocks to-day and there is q rumor from
Chicago of some extraordinary announcement in
this connection to-day.
Northwestern earnings for the first week in De.
cember increase S6T,700.
Omaha earnings for the first week in December
$4,000 Increase.
officials of the Oregon Transcontinental say
that meeting OF directors will be held to-mor-
row ut IL a. m. to take action upon dividend.
1t is stated that the agreement provides for the
settlement OF railroad issues in the Northwestern
as well MS in Iowa pool affairs. Details are with
somewhat in the matter ofbuilding lines and that
Rock Island is to have share of st. Paul busi-
ness. II Is understood that the Union Pacific
gives roads entering the alliance an increased
proportion of earnings on through business.
1t Is reported that Lackawannp earnings for the
year to December amounted to 9N per cent. on the
stock.
The Union Pacific land sales for November show
an increase of 1924 1907.
Sales to. day aggregated 52l 42i shares including
Delaware, Lackawanna and Western, Sg9 900; Den.
ver and Rio Grande. $500; Erie, 10000 Lake Shore
Pacific, S,00O Memphis and Chattanooga, 16OO
Northwestern 26, ,60O Northern Pacific, 5400, Read.
ing, IL 900; St. Paul. 43,600 Union Pacific, 100 500
Western Union, 1l900; Oregon Transcontnenu
62600; Chicago, Burlington. and Quincy, li,700
Northern Pacific preferred, II ,900 Canada Pacific
$500
STOCKS.
Tho 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. l4ll + street north
west: