National Republican., 1883-01-12
THE MARKETS.
DullnesS Still Reigns Supreme in the New
York Stock Exchange,
Though Pretty Nearly Everything Indi.
Gates Higher Prices.
THE DAY IN WALL STREET.
lSpectdl Disp1ich.

Special Dtsp1ich.
NEW YORK, Jan. 11.-Stocks opened dull
and easier, with Keene and WoerishofIer as
prominent sellers. In the early trading there
was an average decline to / point. North
Pacific common was pressed for sale the most
and declined II.
Keene's brokers sold most Of tho Northern
Pacific, and Philadelphia brokers were the
buyers.
woerishofIer sold Union Pacific, Denver
and St. Paul.
Goulds brokers and II. N. Smith appa-
rently did nothing.
The general trading up to the second call
was very light.
There was some buying of NewYorl5 Central,
and Osborn q Co. bought little lots of st. Paul
and Denver. Richmond and Danville, which
sold at 5Ol yesterday, rose to 53E bid. 1t was
reported this afternoon that the Hi
nois Central Railway company would
probably cancel S5,0O00O0 of Chicago,
Western, Louisville, and New Orleans railway
bonds, and increase tho dividend rate 10 sper
cent. this year. The traffic earnings for 1882
are S3,65O,OOO net, or 10 per cent. in excess,
after payment of fixed charges.
Sage was selling puts ON telegraph all the
year to-day at 20 for / per cent,
London cables reported money plentiful
owing to the fact that there is no longer much
probability of shipment of gold to the United
States.
The Bank of England gained on balance last
week f26l,00O
Stocks loaned about 4, except New York
Central, which was in request at 3.
Money offered at 5 government bonds,
lower.
After 2p. M stocks were strong and ex-
tremely dull. Western Union rose to 81.
There were no other features.
While the market has been extremely dull
to-day, it has been very firm, and the least
activity was followed by an advance in prices.
1t is very hard to guess this market. We are
sure that the big men have the stocks and
want to advance prices, but we are not sure
that the public will buy or that the big bull
pools will not discover Judas" who will
sell his brothers out.
The short interest is not materially
changed. Demand very light.
II is understood that the "good thing"
predicted by the president of the Illinois
Central railway Is based upon the fact that
the net earnings for 1882 were S3,650,00O from
traffic alone, or more than 10 per cent. after
paying all fixed charges.
Philadelphia dispatch says: "As no OBJ
jectons>~tave been made by any interests in
volved to the taking of the Reading railway
from the hands of the receiver, it is Thought
a decision will be reached soon, as Judge Nc
Kennon arrives in the city next Monday.
Judge Butler intimated his wish to make an
order in connection with his colleague"
The Wabash Pacific earnings for the first
week in January decreases $4,000.
A Richmond, Va, dispatch says meeting
of the Norfolk and Western railway held in
Norfolk last evening was Harmonious and
report very favorable. There WILDE no fur
ther issue of preferred stock, but the company
will give 10000 shares of common for 10000
shares of Shenandoah valley, being n con-
trolling interest in the latter, and valuable
acquisition.
The Chicago and Illinois earnings for the
first week in January show q decrease OF
$33,300.
The Chicago and Omaha earnings for the
first week in January increased 49, 100.
The Commercial and Financial Chronicle this
morning gives earnings of fifty-eight western
railways and branches in December as. So, ,
35S,623, against $19,7Ol,275 the year before
Increase $165l,3ls. Increase mileage, 3,67C
miles Earnings of ffty-four roads from
Jan. to Dec. 81, $279,03S9S9.e Ditto yeai
before, $2i75s1, ,GO4. Increase in 1852, $31,
457,355. Room traders generally say the mar
ket is a purchase whenever it slumps, anC
they have begun to operate on that theory
Money is offered on six months time at 5.
The Western Union has made very hvor
able statement of earnings for October anG
November, which will soon be published
Application was made to the government
commissioner yesterday to list some addi
tional securities, but not so mapy as usua
at this time Of the year. There was no quorum
however, and action goes over until next
week.
The president of the Illinois Central rail
way was at the Windsor last evening, and
said his company has been informed by il,
attorneys that they could not make lega
increase in the capital stock, as had been pro
posed, but the directors expect to fix up some
thing very good for stockholders through the
acquisition of the Jackson road. He further
said the stock of the Illinois Central railway
had merit enough in the meantime to remain
where 1t is in the market.
General Manager Ledyard, Of the Michigan
Central said last night that business hat
greatly increased beyond all precedent,
The Vanderbilt people declare the Michigan
Central for the last sixty days earned at tho
rate of 10 and New York Central and Lake
Shore 10 per cent,
Government directors of Northern Pacif,
will report the result Of examination Of tn,
company's books soon.
LONDON, 123O.--New York Central declined
4, Illinois Central /, st, Paul 1. Bank of Eng
land rate (5 per cent? unchanged,
STOCKS.
The following are the opening, highest
lowest, and closing prices of the principa
stocks for the day, as corrected by special wir,
reports received by Bateman & Co., bankers
l Tnrooron huildinU.