National Republican., 1883-11-17
THE MARKETS.
A Dull Morning Followed by a Day Of Fairly
Active Trading.
st. Paul and the Iowa Pool-The LacIsa-
wanna and the Trunk Lines.
REVIEW.
Sptcial Dlspnlch.

NEW YORK, Nov. 16.--The market was dull
but strong during the forenoon on very light
transactions. The most activity was in Lack
awanna, the room traders selling it freely.
An exceptional feature was an advance of 2
per cent in Eric and Western, to 25. The
result of the mornings trading until noon
was fractional changes either way compared
with Thursdays closing, though Laokawanna
and Oregon and Transcontinontal showed
gains of s95 respectively.
Money 2CD3. Loaning rates of stock LOG.
Michigan Central and Jersey fat.
Sterling exchange unchanged. Govern
ment bonds were strong.
Philadelphia advices report strong in
vestment demand for good securities, with
the market scantily supplied with this class
of stocks. The trading between noon and
o'clock showed more activity in Oregon
Transcontinental, and 1t above Thursdays
closing The remainder of tho market was
strong.
The trading in Lackawanna was also heavy.
During tho first half of tho closing hour
prices were off on free sales by room traders,
and Oregon Trauscontinental was especially
depressed. Just before closing tho bears made
general drive on the entire list, Erie, Lake
Shore, and st. Paul touching the lowest fig
ures of the day. Trading was entirely con-
fined to the room men.
Gould, who passed through Chicago yester-
day, stated that he found tho Wabash road
and Southwestern system in fine condition.
Lackawanna opened active and strong,
with James Wilson, S. V. White, and Hughes
as buyers. Lake Shore sold by Stone a.
Cummings Burton bought 1000 Union Pa
cifc. In Oregon Transcontinenral Dominick
d ID. bought and traders sold. Osborne's
brokers sold st. Paul. Money to 8.
A Philadelphia telegram says the late large
purchases of Delaware and LaclSawanna stock
in New York by Vanderbilt people can only
be checkmated by the Pennsylvania railway
buying control of the Lehigh Valley property.
The feeling there is that Vanderbilt is
gradually obtaining control of all the coal
properties
The change in weather has made lively
demand for COAL and stock is SO scarce that
no orders for November delivery are taken
In Lackawanna, Stephens ,and Tout have
been considerable buyers, and Youngs and
True sold. Most of the Lackawanna trading
to-day has been among traders, including s.
v. White, Fuller, Wallace, and others. Van
Hoffman and Herrick bought about all the
New York Central offered. Largo buying in
Oregon Transcontinental was by M. O. Bou-
Vier, Johnes Amory, and Stephens. and the
sellers were Coombs, Hotchkiss, and Burn
ham. Canada Pacific has been sold by room
traders.
A Philadelphia telegram says the demand
Tor all good investment stocks there is better
than for long time, with small supply and
strong upward tendency. New York ster-
ling firm on scarcity Of commercial paper
Seligman q Co. say there is no possibility of
further gold imports until rates decline to
= cents. prominent western railway man
teegraphs from Chicago this afternoon
"There is feeling of doubt about the result
of the Iowa pool meeting Monday. Ifthe ST.
Paul road refuses to pay, the pool will dis
solve but it is believed the ST. Paul won't
have the nerve to break the pool"
Bell and KirlSner have been free sellers
this afternoon and ii is believed in the board
that Bell has sold for Keene, and the market
is a Keene one Bell offered Union Pacific
down on sellers 60, Southern and st. Paul
in 500 share lots at 80, and offered to bet
that the st. Paul company would increase
its capital stock before spring.
GOSSIP.
Gould left Chicago at p. m. yesterday ex-
pecting to arrive in New York Tonight
The main talk last night at the Windsor
hotel was about Lackawanna going with the
Trunk line pool, and Commissioner Fink
confirmed the fact, and expected I.acka-
wanna to be higher to-day. A broker who
bought this stock largely for customers
also purchased exactly S2,000,0O0 worth of it,
and the same has been all taken out of marlet
within week. Some of tho most conserva-
tive brokers say they don't see much profit
W
direction, and all going on is simply backing
And filling for pastime apparently. But the
best posted houses advise against short sales,
and say the market is surely going to improve
aoon.
1t is admitted outside trading became more
limited, also that there is q tendency to sell
down Manitoba and Canada Pacific.
and if these stocks break they
will carry the market with them
Johnes and Kirkner have turned bulls and
believe good stocks will go up 10 per cent
before New Years. Sage says he is buying
Union Pacific, and the stories of reduced
earnings are bosh. Keene is very bullish on
Oregon Transcontinental. Mr.. Pullman says
the Pullman Palace Car company's business
over the Northern Pacific has increased
larger than over the st. Paul.
The president of one of tho Iowa pool limo
roads telegraphs the prospects unfavorable
for a settlement of matters ut ISSUE but the
feeling in New York is that there will be no
war. and that it was wise to give st. Paul
people until next Monday to consider
Capitalists here largely interested in tho
foregoing properties are using all their infu-
ence for peace,
The iron dealers say trade is simply dead.
STOCKS
The following arc tho opening, highest,
lowest, and closing prices of the principal
stocks for the day, as corrected by special wire
rnpeiyal hxyI RAT a N, L.,