National Republican., 1883-11-15
THE MARKETS.
Nothing Of a Sensational Character in Stocks
OF Produce.
The Tone OF Business Firm and specuia-
ton Slow.
REVIEW.
Special DtsDdtch.

NEW YORK, Nov. H.The trading during
the forenoon was in strong contract with that
of the same timo yesterday, to-day's activity
being general and transactions very large,
particularly in Laclawanna. The tone was
fairly steady, though prices were of on the
opening to up to about IL o'clock, when
Manitoba, under determined raiding, fell TO
100 (it was 1864 last night. The room
traders were raiders Of the general market.
Lackawanna reached 119 and dropped to
118 on heavy transactions The result
of the forenoon's business was fractional
declines all through, with more decided
losses, as follows: Northwestern preferred,
IL Manitoba, AZ; Union Pacific and Michi-
gan Central, each. The only strong feature
was Erie and Western. Sales of Northern
Pacific preferred II per cent. below the mar
ket were recorded.
Between IL and 9 o'clock the market was
heavy on the unfavorable railroad news from
Chicago, and there was less trading. Union
Pacific was pressed for sale after 2 p. III. and
went to S7s, aud the remainder of market
was heavy at lowest figure of the day.
Chicago telegram says it is understood by
railway people that the meeting to-day OF the
pool lines will be warlke, and that the ST.
Paul company will concede nothing. Tho
action of the Chicago, Burlington and Quincy
in withdrawing its Hannibal road yesterday
is regarded rs being on the war path.
Rumors are afloat that the Lehigh valley
stock dividends will be raised TO 10 per cent.
Sterling unchanged Cotton quiet. East
ern advices report some of the largest cotton
mills having supplies bought far into April,
and ut prices OF % cent above present prices.
GOSSIP.
The Chicago failure had a depressing effect
upon speculation late yesterday, and although
considerably exaggerated (and Mr.. Armour,
of Chicago, stated that it did not amount to
much) it caused the traders to declare that
lower prices were to be expected to-day.
The strength of tho market an hour before
the closing caused considerable sensation and
fluttering among the Windsor hotel bears,
some of whom had been selling Lackawanna
short. Brokers say outside buying continu es
good, and the increased amount of orders
from interior gives confidence in
future. In Lackawanna, w. A. Patterson
bought 5000, and the other buyers were
Henderson and Wallace, aud Vcrmilye & Co.
sold some stock. In Lake Shore +. A. Haight
sold at the opening. Northwest buyers were
l.. l.. White, Bogart, Darrin, and Schenck.
Powers & S. bought Louisville and Nicholas
sold. Brownell bought Oregon Trans
continental and Canada Southern. Stocks
loaned-Michigan Central 1-64; Northern
Pacific preferred, fiat, and Others 1 to g.
Money'24 to 3.
1t is the general opinion that the advance
in Lackawanna was caused by Keene Hutch
inson, and the Vanderbilt interest, but a
broker who bought 5000 shares yesterday up
to 1172 said that his buying was not for these
parties, nor for Mr.. Morgan, and his orders
were from the outside, and tho stock would
be paid for to-day.
This broker also said that his orders to buy
the general market are now very large, and
they are from outsiders. Cammack said last
night that he had been informed that Lacka-
wanna had applied for admission to tho
trunk line pool, and it was not true that
negotiations had been concluded between the
West Shore and Grand Trunk upon the basis
of u guarantee, but he expected it would be
done. The Mills party say Eric common is
that bull pool of 100000 shares has
been formed, and the stock will be
listed to 30. 1t is understood that
Durkee is q. tho head of the move
ment and is great bull on this road.
He says the stock is worth go and is nearing
dividends, and President Jewett declares the
Erie will be able to continue regular divi-
dends upon the common stock during the
new fiscal year. Decker-Howell say they
can loan out to the street every share of
Oregon Transcontinental which they have
in Office
There is official authority for the report of
ways west of the Missouri, but not much
eastward.
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. 14l1 street northwest: