National Republican., 1883-01-06
THE MARKETS.
Stocks Generally Strong, With a Slight Weak
ening at the Close Of Business.
Pointers for TO-Dey's Trading-The Stock,
Bond, and Provision Lists,
THE DAY AT THE STOCK EXCHANGE.
SDecidl Dispdtcb

THE DAY AT THE STOCK EXCHANGE.
Special Dispatch.
New YORK, Jan. 5.--The market was strong
and higher from the opening the specialtios
being Oregon and Transcontinental, Della
ware and LaclSawanna, Denver and Illinois
Central. The dealings in Denver exceeded
any other, and there was q gain of about per
cent.
Hannibal and st. 10 preferred advanced 3
points on the report that dividend of 81
would be declared next week.
Delaware and Lackawanna rose to 2sf on a
report that dividend of % would be declared
next quarter. Scranton and Willard were
large purchasers.
The news from the west was very satisfac-
tory to-day, and indicated a desire to remove
all difficulties in the way of harmonious ac-
tion by different pools on freghts and passen-
gers. Stocks loaned at about 8, but Denver,
Lake Shore, Saint Paul, and New York Gem
tral were at 4, Illinois Central at 3. A large
short interest is reported in Northern Pacific.
Exchange form governments stronger.
After the second call stocks were very
strong and higher.
Early in the last hour the market was dull
and fractionally lower. Tho Vanderbilt
stocks were dull and quiet, and failed to re-
spond to the established improvement in the
rest of the list The market closed with a
reaction of about per cent. from the best
prices of the day. There has no doubt been
great deal of stock sold to-day by the
insiders, which is favorable sign of
further advance, rs they no doubt
sold out enough of their holdings to
enable them to buy at the reaction and start
the market on the go tomorrow again.
The bull points are too thick for any great
advance, but there will doubtless be several
spurts before the market seeks a lower level.
POINTERS OF THE DAY.
1t was reported that the Lake Shore earn
ings increased $4,000 last week, and the
road was pressed for cars to do business
There was q story current in the board that
Delaware and Lackawanna is cutting, and
Sam Sloan is determined to have one-third of
the New York business, which Vanderbilt
will not allow. The bears declare that war
of rates will follow.
The Grangers are very strong on European
floods, which are expected to make big de-
mand for American wheat and corn.
Sterling is firm. Primo sold at $50, but the
supply was exhausted at this figure.
Cotton declines because of no Liverpool sup
port.
The report via Texas about the Mexican
government taking possession of Mexican
Oriental road under forfeiture is absolutely
false, as Mr.. Gould is in receipt of official adj
vices of q most favorable condition.
1t is announced in bond circles that the at
tempt TO place the Galveston city five per
cent. loan at par resulted in failure. At six
IL would probably have been taken.
Private London dispatches to grain dealers
here say that danger to the winter wheat
crop from floods has been enormous through
out Europe The expected yield will not
exceed sixty per cent. of Last years harvest
r. p. Flower, Van Emburgh, and Dimock
are borrowing North Pacific common.
The Woerishofler- Germans are not return
ing stocks.
Dickinson has been a free seller this morn
ing.
Scranton and Willard are buying Delaware
and Lackawanna largely, supposed to be for
parties who put it out at 1875 several weeks
ago with the dividend on. 1t is reported on
excellent authority that Delaware and Lack
awanna will pay % ON the next quarter.
Parties inside say tho company is earning 13
to 10 per cent.
Brokers say country orders are coming in
to-day to buy.
Russell Sage declares Gould has nothing to
do with the Denver deal, and the plan of the
pool is to sell the control to Union Pacific at
about CO. after the Salt Lake extension is
completed.
Hannibal and st. Joseph preferred is strong
on the story of 81 dividend to be declared
Monday, and Denver is stated for 46 to-day.
The rumored issue of six millions Lake
Shore bonds is unconfrmed, but the Lake
Shore road will surely get control of the
Nickel Plate.
Northwestern earnings for the fourth week
of December decreased $16,572. Total for De-
cember decrease, $137,O73. Total earnings
for seven months, $l5,29l,41l. Last year,
$l5,112,925. Increase, $1s4,4ss.
1t looks as if Gould had been selling stocks
all day. Some large orders to sell Texas Pa
cifc at about 40 have been traced to Connor,
Gould's broker.
The Northern Pacific people say they have
caught large short interest among the lobby
lists and members of congress.
Cammack says that he has determined not
to fight advance in market, and Joe AIills's
advice to him on this point saved him $780,
oO0 Sage is selling puts on tho Wabash at 1
per cent. from the market.
LONDON, 1890 p, m.-United States As adj
vanced /; Exchange 5's, / 4Ps declined 1 4;
Erie advanced ! New York Central, !; Illi- |
nois Central, ,; Pennsylvania Central, 1 /;
Ontario and Western, / Lake Shore 2, and st. !
Paul, H.
CHICAGO, Jan. 5.-The Chicago Tribune
to-day says the southwestern passenger
agents continued their session yesterday |
Everything was settled, and an iron-cad |
agreement was made, which will take effect
February /.
STOCKS.
The following are the 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. Corcoran building:
. Z = q