National Republican., 1883-02-26
THE MARKETS.
Another Wild Storm in the West Brings Com
fort TO the Bears in Wall Street
A Rumor OF Alexander nIitcbeips Sickness
Also Depresses Prices.
REVIEW OF THE DAY.
C,,eri0t DlsDnfcb.


proved but fractionally, Canada Southern
subsequently declining one point, and Lake
Shore to decline. Bears argued that new
arrangement between Nickel Plate and Della
ware and Lackawana on freight line would
harm Lake Shore and Canada Southern. New
York Central fell Of ! Omaha stocks declined
fractionally. The general market became
duller and easier toward noon on western
advices Of heavy snow and sleet storms in the
Northwest and heavy decrease in tho bank
reserves.
The best sustained stocks wore Delaware
and Lackawanna, Illinois Central, North
Pacific, North Pacific common and preferred
the Southwestern, Kansas and Texas, West
ern Union, and Oregon Transportation.
Somo stocks bought here yesterday for
foreign account were sold out this morning
and not shipped. Omaha preferred was scarce
being oversold, and was quoted at 10S cash
when selling at 107l regular. Stocks generally
loaned at 2 to 3.
Money on call call was quoted at TO 4, and
better demand for time money was quoted
by the trust companies, where three months
loans brought g per cont. Government bonds
After 12 o'clock the market weakened and
everything but Delaware and Lackawanna
sold below the opening. The bank statement
showed loss of about $2,5000OO.
On the second call the general list became
weaker and ON dull market the lowest
prices of the day were reached. Just after z
o'clock the downward movement continued
and the whole list yielded. At 2:20 the mar
ket was a shade better, 1t dull.
Brokers report that Gould is mainly re-
sponsible for the upward turn yesterday fore
noon, but Vanderbilt people were also liberal
buyers in Michigan Central and Lake Shore,
and very few of these stocks are Offering The
room traders say they are buyers now on every
reaction, but they thought last night that the
market had been put up too fast and it was
for this reason there was very liberal inside,
selling on realizations just ut the close. 1t is
said Cammack bought in lot of general
shorts during the day, and he told his friends
that Gould was trying to boost the market, but
he didn't believe he would succeed. There were
strong points last eve ming to buy Delaware
and Lackawanna, and there was but little
realizing yesterday on the advance.
btHNST was Qullc utHlcClSu.
Another meeting of Elevated road officials
was called last evening, and an agreement is
very probable
Won Holman & Co. say they recently
bought good American railway stocks heavily
for London account, and report that the trade
Is very largely in our favor, and they will
make extensive shipments by to days steamer.
Gould remarked last evening at the Windsor
hotel that, in his opinion, barring accidents,
the market would be higher within ten days
time, and it wouldn't do to wait until the
tenth day before buyiiig.
The Delaware and Lackawanna and the
Nickel Plate have made an important joint
running arrangement for their New York
and Chicago business, and have formed q fast
freight line outside of tho trunk line, but at
the pool rates.
A sensational rumor was circulated last
evening from the west that President Mitchell,
Of the st. Paul, had two strokes of paralysis,
and was beyond recovery, but this story was
entirely discredited. Chicago kilograms re-
port the water Of the Arkansas, Illinois,
Black, White, and washta rivers overflow
ing, and railway traffic ON many lines sus-
pended
The Chicago, Burlington and Quincy lost
heavily Of bridging and 5000 feet were car
ried away from section Of only 25 miles of
railway.
FACTS AND FANCIES.
AT 1856 a. m. stocks were lending ut 3 TO 81.
Barney Raymond sold Lake Shore, but the
transactions were small.
Dominick bought $500 shares Of st. Paul,
Hatch bought 1000 shares, and Bud sold 1000.
A st. Paul dispatch says President Mitchell
is going to Florida to-day, and he has not
been seriously Ill.
Davis, Mines & Hertz bought Delaware and
Lackawanna, but this stock was not active.
Kecne is bearish on Lake Shore to-day, and
argues that the Delaware and Lackawanna
and Nickel Plate Arrangement will hurt Lake
shore in the end.
Illinois Central earnings decreased on Iowa
lines in the second week $4,000.
The weather bureau reports q heavy snow
storm in western Minnesota, Dakota Terri
tory, Iowa, and Montana, but the deepest in
Iowa, whore it is drifting. Travel on por-
tion of the Omaha road is suspended.
Chicago dispatch says the Wabash is re.
iusiHS ireiBhb ior soulnern points on tne
Cairo division owing to the freshet damages.
The anti-monopolist movement in Nebraska
amounts to nothing, as the railway commits
6 ion has no power to fix rates.
At IL o'clock there was a slight reaction in
the market, partly due to reported sleet and
snowstorm in the west, and probability of q
reduction of $l,5O0,O0O in bank reserve.
Northwestern earnings for the third week,
decrease, $26, 100; omaho for the third week,
decrease, $1,000.
The vice president of the Northwestern
company says the earnings of each of the
above roads had begun to increase for the last
half of the third week, hut another big snow
yesterday and to-day in Western Minnesota
will again obstruct traffic for time.
Government bonds are weak, with more
sellers than buyers.
A late Milwaukee dispatch says: President
Mitchell was at his office as usual to-day, and
will not leave for Florida until Monday. He
has only slight cold.
Omaha preferred lent for 4.
Money is little more in demand by stock
houses. Judge Donohue has granted Taintor
& Holt claim Of $4,000 against the Florida
Central Railway company as commissions on
bond negotiations.
1t is reported that the Massachusetts, Saw
ings bank Of Boston, with S75O,0OO deposits,
has suspended. A private Boston dispatch
says IL is a small institution in the Catholic
association and is not under the state SUPER
vision.