National Republican., 1883-11-08
THE MARKETS.
Stocks Somewhat Affected by the Result Of
Tuesdays Elections.
Prices Buoyant and strong-ThO Bulls
Highly InlOtod.
GOSSIP.
Special Disp1tch .

Spcctd DNpntch'
NEW YORK, Nov 7.--Tho feeling on stocks
was considerably more bullish yesterday than
for some time and the bears were not so con-
fidont owing to the favorable prospect OF re-
publcaus in elections. Tho professional poll
tcians predicted early that the republicans
would elect the secretary Of state in New
York, and that tho republicans had carried
both branches Of the legislature
Cammack admitted covering his shorts on
Monday because he had been told that John
Kelly had sold out to the republicans.
Cammaclk was short about 10000 shares,
mostly Lackawanna and Lake Shore. He
made wagers yesterday that the republicans
would carry New York state, and offered to
bet r. p. Flower $4,000 thai if Sam Randall
was made speaker of the house this winter
he being high tariff man-that the republi-
cans would elect the next president.
Tho bulls of the market are elated over
the political situation and expect to SEQ
higher prices to-day, and argue that the gem
eral trade is sound and very near the turn
ing point.
The Northwest party tell their friends to
sell none of their stock, because the dividends
will either be increased or the surplus in hand
be divided. d. o. Mills said yesterday that
Northwest was the best stock on the list, but
it Is known that another director Of this COM
pany. here is constantly selling the stock. Mr..
Millbank says that he never held so much st.
Paul stock as now, and assures his friends
that in three years stock will double in value.
Gould was at the Windsor hotel last evening.
aud was talking Western Union, andsaid this
company was bid S5,O00,000 for its Bell tele-
phone stock.
II. N. Smith said he was doing nothing at
present 1t is understood now that the
Oregon Transcontinental company has made
n statement and Drexel & Belmont have it,
but decline to show it. The statement is said
to he very favorable and CammaclS declares
if it is an honest report it will show the stock
is worthless, and the Oregon Transcontinental
owes twelve or fourteen millions, and North
ern Pacific is no better.
The Brooklyn papers in their latest edi-
tions this morning say Low is elected mayor
by 1000 majority
WALL STREET.
Stocks opened strong There was general
buying of Lake Shore. John Benjamin took
most of the stock. In Northwestern the
largest buyer was NJ. S. Sternberger and the
principal seller Williams. In Erie Truman
& Goodchild bought and Brownell, L. and
Won Hoffman, and the buyers were Davis &
Minis.
In st. Paul Cox and Keenes brokers bou ght,
New York Central and Michigan Central
lending fiat; Lake Shore, st. Paul, Oregon
Transcontinental, and Lackawanna,2 2. Money
2 to 3. Sterling unchanged.
]. & w. Seligman received cable advices re-
porting shipment of an additional million
of francs. Geo. Dickinson sold Oregon and
Transcontinental down, and there has been
some realizing in Lake Shore, Several west
ern trunk line presidents.were in conference
with Fink to-day, and it is expected rates
will be advanced and matters harmonized
A DO axaf -. tl,ah An,1N1 N1,N
Baldwin, of the Louisville and Nashville
road, will retire.
Harding sold 1900 Erie this afternoon tc
Harmed and Gerasheim. Main buyers Of
Lake Shore, Mckenzie, A. s. Davis Lee
Ryan, and Warren, with Putnam & Earl
The sellers were Schepp Thayer, and Drum
nnond. In Lackawanna s. V. White has beer
the leading seller, and Patterson & STOW
bought, Il. K Willard and Keone's broker
are selling Oregon Transcontinental. 1t il
understood that Cammack put out the short
in Oregon Transcontinental again to-day thai
he took in on Monday. There is screw
loose somewhere in Oregon Transcontinental
and story is now circulated that the com
pany may issue 100000 new stock.
REVIEW.
Market opened buoyant, and was strong
excepting Oregon Transcontinental, during
the forenoon, the general advance being to
!. Oregon Transcontinental declined
WAS COuSlucIdDlG UuyluB VI IdkS
shore on opening Money g.
New York Central and Michigan Central
lent fat. Lake shore, st. Paul and Oregon
Pranscontinental at 2. Governments active
but the IS were easier. Exchange
unchanged. The market at noon were
weak and dull. Several of tho trunk
line presidents were in conference here
to-day. The feeling continued heavy and on
the second call tho trading was about stag
nant At 2 p. IN. the general list was to /
below opening and Oregon and Transconti
Mental had declined 2. Lake Shore and Pa
cific Mail were above.
During the last hour the tendency was
downward. Michigan Central and Oregon
and Transcontinental, were to 81 off from
opening, while others were off from prices
current at 2 p. m. The market closed weak
and dropping.
STOCKS
The following are the opening, highest
lowest, and closing prices of the principa
stocks for the day, as corrected by special wire
reports received by Bateman & Co., bankers
No 1dll II 6treet northwest.