National Republican., 1883-09-19
THE MARKETS.
Continued Feeling That Prices Will Continue
10 Go Up.
Gould Reported TO Have Invested Largely
An stocks This Week,
GOSSIP.
SDecfdL Dispatch,

were Tree predictions OF higher market.
Western Union, NorthernPa preferred, and
Louisville are especially spoken of as booked
for higher figures. Mr.. Gould Is beloved to
have bought about $4,000 shares of general
stock yesterday, including somo Now York
Central and good deal of Lackawanna, which
he says is the cheapest stock on the list. Nov
ertheless it is said they will soon issue ST., ,00O,-
600 moro bonds for terminal One report
declares that Vanderbilt has been buying
New York Central stock up from 11j, but his
friends say he has not traded share of stock
in six months, whatever his family may have
done.
Tho bears on the Vanderbilts still insist
that orders were given last week officially
to accept all freight regardless of schedule
prices, but there is prompt and official de-
nial Of this from the Grand Central depot
Associated Press Chicago dispatches show all
the troubles of the eastern lines have been
settled. Mr.. Morgan thinks that the market
has decidedly better look, and will advance.
Cammack says Europe will want all our sur
plus wheat but he has no interest or opinion
regarding stocks. He has no sympathes for
losers on his Denver points, as Wall street is
u dead gamble anyhow, and people must pay
Tor experience &c.
A Philadelphia dispatch says Gowen is
shortly to accept the solicitorship of Van
derbilt's Pennsylvania railways at o high
salary, and will resign the presidency Of tho
Reading. The Reading is expected TO declare
q cash dividend in January, and after this
Gowen will retire.
Weather-Rain and high wind all night;
now clear and high winds.
WALL STREET.
The market opened firm, with few stocks
pressing The largest crowd was in Lake
Shore, which was bid up to 10i by Jameson,
Nicholas, and Barton. The buyers wero
t11Cn Il Hail. -
sellers were Fanshawe, Wheeler, and
Judson. Brownell aud Landon bought
Oregon Transcontinental; sellers scattering
In Western Union Davey bought and George
Sheldon appeared to have supporting orders.
The sellers were NJ. Hamilton and Brayton
and Ives In st. Paul the buyers were
Opdyke, Fuller, and L. Il. Trowbridge.
Wormser sold, In Eric Heath, bought, and
Washburn and Townsend also bought $500.
Sterling unchanged and dull; stock, 2;
money, 81
Calbron, Hayes, and Washburn bought al
together 5000 Erie this morning. The room
traders led by Bell. sold Northern Pacific
preferred down, and Moritz Meyer offered
michigan Central down. Wheat in Chicago
down to J, and corn one cent lower.
Wee President Oalles of the Northern Pa
cifc, estimates the earnings of this company
Tor the fiscal year ending June 30 1884, at
$15,OOO,OO0; expenses, at go per cent, $9,000,-
900; fixed charges on $45000000 bonds and
$4,500,00O scrip in bond figures, $1,000 600;
taxes, 100000; balance, $2,5O0,OO0. And
this on S3S,000,000 of preferred gives per
cent dividend, with remainder of nearly
$250000
Chicago reports western weather fair to
clear and temperature moderating, and this
has affected grain quotations to-day.
Denver was sold down by Slayback Elliott,
and George Howell.
The market is steady, except where bears
find weak spot, like Denver. Government
bonds, 3s excepted, show heavy demand at
higher prices, with few offerings 49, l5- l6
bid for half million AS; sterling dull, but
steady. Sterling advanced on scarcity of
bills and for settlements.
Cotton, 10 points below yesterdays highest
The Northern Pacific company's passenger
business is increasing fast, Willard people say.
A Louisville dispatch says the misunder-
standing between the Ohio and Mississippi
and the Louisville, Evansville, and st. Louis
air line roads has been amicably adjusted, and
the regular rates have been restored.
The annual meeting of the Ohio and Mis-
sissippi road for the election of three direc-
tors will be held in Cincinnati Oct. IL.
Books close on Friday, Oct. 21.
MIR. George s. Scott, ono of the new man.
ayers OF the Richmond and Danville company
says that the,aiiairs of the company are to be
put in u more satisfactory condition. The
amount OF the floating debt is 81 ,025, 900,
and it is hoped that by retrenchment
This will be paid Off in two years
Among other items there is to be q yearly saw
ing of $4,000 by abolishing the New York
office. The company holds valuable securities
of auxiliary and other corporations for large
sum- and it will receive over $500, 900 for these
companies during the next year. meeting
oi the new directory is soon to be held.
Union Pacific officials state that on account
of the wide difference lately shown between
estimated and corrected earnings it has been
decided not to publish any except corrected
returns and those only once month.
REVIEW.
The market opened quiet but steady and
drm, Vanderbilts Louisville, telegraph,
Lackawanna, and ST. Paul being stronger.
There were periods Of excessive dullnesi until
noon, and the weakness of Northern Pacific
preferred and Michigan Central likewise,
n Denver had depressing effect. Denver de-
\ clined IL, Michigan Central II, and Northern
q Pacific preferred from opening. The largest
trading was Lake Shore at the opening which
was bid up by the Vanderbilt brokers. CAL
n bron and other commission houses bought
n 5000 Erie, and the room traders hammered
Northern Pacific preferred down and Meyer
offered Michigan Central down.
Money q to 3, loaning ratio for stocks gem
orally. Government bonds, 3's excepted, in
large demand at advance of advance, and very
few offering, At IL o'clock the market was
generally ! to below the opening and dull,
exceptional declines being II OF. Northern
Pacific preferred, in Denver, and in Oregon
Chicago advices reported grain lower by
reason of favorable weather west and north
west Between IL and o'clock the market
sighty improved, tho Willard shares eX-
cepted, the Vanderbilts being most active
and Lake Shore leading. Tho largest sellers
of Northern Pacific preferred to-day were
Stow, Ed Schmidt and Willard.
Each sold about 5000 shares. EARLY in the
last hour there was fractional gain in the
N Wizards and Lake Shore touched 1911, tho
crowd in this stock on the floor being largo
and little stock offering. w. b. Wheeler was
prominent buyer. Stocks during the last
half hour were active, closing firm at the ad-
vance.
LONDON, 123O.-Erle higher; Now York
Central higher; Pennsylvania Central !
higher; Reading higher, and Ontario West
ern lower
WASHINGTON STOCK EXCHANGE
Districtof Columbia.
Permanent Improvement Is lSOl cOln.. li3A .,...,
Fifyyear funded aG5. W. CURRENCY. 100 .....
Fire Insurance aud Gds.Liyht CDmpdnfsL
Washington City Gas-L Light. par 2l sues 37Is
NJ f1emen lnsurunce.,-", .....,,",.'2O,. 43
National Union lnsurnnce-.."...,"',,a1 20ia
Arlington Insuran Ol. ,,.,. 1l3
Columbia nsuranoe-,o.,....,,,,. ,.j." "a s4
German American Insurance Co,"..,". e ,... lS0
M Free llsl
Board OF public works ..".. O5Ss
Masonic Hall bonds. ,.... IUi
T. Inland ana SeA-cnast Co-bOndBo,",.,.,. to 20
"a MaSlfn Brick Mach. Co-stock .-.,lOl... %