National Republican., 1883-11-06
THE MARKETS.
Prices Of Leading Securities in Wall Street
y Yesterday.
the Markets Influenced TO Some Extent
by To-day's Election.
GOSSIP.
Special DisDdtch.

Special DisDdtch
NEW YORK, Nov. 5--The brokers and
traders yesterday thought there would be lit
tlo doing to-day, but an impression prevailed
that prices would advance after the elections
and democratic success had been discounted
in the market. ID. o. Mills said he thought
but little trading would be attempted
to-day or until after tho result of
the elections was definitely known.
People, generally well informed, say that
the short interest remains large, and despite
the assertions of old Windsor hotel bears that
they have all covered and have no interest
on the short side, it is known that the
largest traders of this party are still
short, and one of them put out q largo
line Of New York shorts in Lack
awanna last week and said yesterday
that he had no belief in any bull market
until after New Years He had been told by
one of the largest iron manufacturers that
steel rails were Offering at S35 at the mills
and that the iron trade was in q deplorable
condition. Tho Vanderbilt following still
assert that the management of
these railway properties are fully
satisfied with the business doing,
and the traffic is wonderfully large and pay
ing, considering tho general dullness in the
business of the country. They refer to the
remarkable six months report Of the North
western company. now privately circulated,
showing that full yearly dividends were
earned already, leaving the remaining six
months to bo added to the surplus, which is
already $3l 100000
Gould and Vanderbilt have recently had
several interviews, and Gould continues ex-
ceedingly bullish on Western Union. He
says that he has no stock for sale under 80,
and that $4,000 shares have been transferred
tNf f,.x,n hnaI
the floating stock on the street was Called in
a sharp advance would Immediately follow.
Joe Mills says the room traders are at present
the leaders and have the stocks and long of
the market, but that they may get tired
holding and throw them upon the market.
Keene's friends say he admits selling out his
Oregon Transcontinental and numerous other
stocks, and he is no bull on Lackawanna.
Stocks opened dull and firm. Smithers
bought New York Central. Sellers scatter
ing. Bogart bought st. Paul. Fanshaw sold
Union Pacific. Closson & Hays bought
Davis & Minis continue buying Canada
Pacific for the pool. Stocks loaning Western
Union fiat to l per cent Michigan Central
and New York Central fiat. Money 2a3.
Sterling unchanged.
The official report of tho Chicago and
Northwestern railway from June 1 to Oct. 81,
Give months) is as follows:
Earnings Passengers, increase, $173, ,761
freight, do $5S3,472 express, do, $14,222
mail, do, $36995. Miscellaneous decrease,
$52,949 Total increase, $745,5
Mileage in 1882, 3,439 miles; mileage in
1883, 3,735 miles, Fourth week in October for
Chicago and Northwestern, pcr mile, 1868.
st. Paul on mileage of 1925 miles, $780, Mil
waukee and St. Paul, mileage, $3.50 miles,
$3.50. The foregoing are the comparative
earnings of three prominent western roads.
The foreign bankers say London has bought
Lake Shore, st. Paul, and Erie here, this
morning.
In st. Paul Hotchkiss and B. & o.
OBrien bought. The sellers were Nc
Micken, and Wadsworth, and White. L.
Frank bought $4,000 Oregon Transconti-
mental, and there is an increased borrowing
demand for this stock. Reading and North
western common are also inquired for in the
loan department. Michigan Central lends
i16i for the use to-day In Lake Shore the
principal buyers were Bruins and James Will.
son, and the sellers were Park, Wickham 6
Halsted. and w. G. Sheldon.
private dispatch from Cleveland gives
Lake Shores October earnings, showing de-
crease of $SS00O compared with last year,
when they were phenominal, and some fall
ing off this month accordingly expected
A private telegram from leading Chicago
grain commission house says they have been
buying to-day for the first time this fall
and Liverpool.
Seligman & Co., of New York, say their
cables this morning report the shipment OF
Sl,0OO,000 of gold to them here They say
the advance in sterling of cent to-day was
mainly for settlement. London has been
buying Erie seconds and Canada Pacific to-
day. United States bonds are very firm, and
the Is strong on an absence of further calls.
REVIEW.
There was less than tho usual interest in
to-day's speculation, owing to to-morrow's
election, but stocks opened at full figures and
were generally per cent. higher at IL O'Clock
than Saturdays final prices, Texas Pacific
the Villiards, and Canada Pacific being the ex.
ceptions and below Saturdays closing.
The favorable showing of earnings of the
Northwestern as compared with the Other
prominent western lines made a good buying
demand for the preferred and considerable
trading in the common, and they soon became
the strong features in the market, tho remain
der of the list sympathzing.
1t was privately telegraphed from the west
to-day that the October earnings of Lake
Shore showed decrease of SIS, 900 from the
phenomenal earnings Of October, 1882 This
decrease was expected. The foreign houses
reported London buying Lake Shore. St. PAM
and Erie in this market.
Money, "a to 3. Stocks loaned, Michigan
Central 1-64 for tho use; Western Union, fiat
to l; New York Central, fiat, general rate 2
per cent, sterling one-half doarer; United
States bonds very firm. The market con
tinued strong after noon, and Northwestern
common touched 244.
On the second call the feeling was quiet,
and prices were to off from the best.
Mr.. Liyermore, of the Corn Exchange bank,
says 100000 bushels corn and wheat will be
cleared from this point to Europe this week.
After 2:l5 prices ranged highest OF the day,
Northwestern reaching 125 and the preferred
las against i4o5, saturdays closing prices.
and unchanged Erie, 1 lower New York
Central, lower Pennsylvania Central, /
lower; Reading, 1-6 lower; Canada Pacific,
II higher.
STOCKS.
The following are tho 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: