National Republican., 1883-10-10
THE MARKETS.
Southwestern FanCies Active Features in the
Dealings.
Important TrHnsaCtions I'm Wall Street
Yesterdays Quotations,
REVIEW.
SDecinl DisDdfch.

NEW York, Oct. 0-The speculation during
the forenoon to-day was different from that
to which tho street has of lato been accus-
toned, in that southwestern fancics were
active features in tho dealings In these
stocks and tho Wizards tho interest chiefly
conferred, and the weakest shares in tho two sys-
tens were Texasaud Oregon Transooutinental,
which declined 9 and II respectively. The
other Gould stocks, except Western Union,
dropped s@1, and the next greatest decline
was in Omaha preferred Ql), which was sold
by Keene's brokers on reports Of the trouble
in the Iowa pool. Michigan fell off and
Northern Pacific preferred per cont The
stocks which were fairly hold wero the coal
ers, Lake Shore, New York Central, st. Paul,
Louisville, and Rock Island.
AT noon quotations were shade above tho
lowest for active feature above mentioned
Money 2 to g. There was o general weakness
between noon and 2 o'clock, but 1t did not
extend to tho inactive stocks, Jersey Central,
Pacific, and New York Central and Reading.
st. Paul and Union Pacific were both active,
and were held firm down to 2 p. M. There
were further declines in tho Gould stocks of
to II, and Texas Pacific was feverishly
weak, and 2 o'clock showed n decline of q
for the day. The lowest prices up to that
hour were current for remainder of the list.
Louisville was especially weak late on second
call, selling 2 per cent. below the opening.
At 2:15 the market improved, and was gener-
ally to I above tho days lowest prices.
From 2:30 to close the market was active and
stronger, closing failry steady at the advance.
GOSSIP
Tho largest room traders were long of
stocks at closing yesterday, and declared only
comparatively few stocks pressing upon mar
ket, and the active ones were all hard
deliveries, with Northern Pacific preferred
lending 3-16 for use. The impression up town
was that tho general market had better
look and would do better under the leader
ship of Northern Pacific preferred. 1t is
reported Gould bought again in Northern
Pacific preferred yesterday, and thesyndicate
will bull tho Wizards. They count upon
22500O shares of Northern Pacific out of
100000 to vote in favor of the new bond issue,
and this leaves $4,000 shares to be purchased
10 carry out the scheme.
Thekbulls on North Pacific declare there is
short interest of 100000 shares. Cammack
says the new bond syndicate are only getting
into deeper financial difficulty by taking the
second mortgage which Pullman tells him
were taken at 50 net. Cammack covered his
shorts i'll Northern Pacific preferred yester-
day oil the same, but he remained short of
the common. Cammack is bull on cotton
on 100000 crop, and believes that with tho
close of the Chinese Franco war cotton will
have big rise. Peter Kissam bought $500
Northwestern common at the closing yester-
day. Woerishoeffer says he is no bull. The
Denver issue, he said, would only increase
the same to the extent of 100000. Owing
to the inability of the syndicate to make
financial arrangements in London the scheme
Tor the sale or lease of 1000, 900 acres of land
IN Texas and New Mexico failed
>, A Bradford, Pennsylvania, dispatch says
there is considerable excitement there owing
to the developments in tho Bolton oil dis
barrels daily, and there is increased produc-
tion in other pool wells of 1000 barrels.
WALL STREET. is t''.4a
A few important transactions in Lake
Shore. New York Central, and Erie this
evening, On the opening, Union Pacific
buyers were +. Brown, John Amory, George
Green, Vanderhoff, and Raymond. Brandon
sold. In Lackawanna the buyers were Hardy
4 Son, Van Emburgh, Mauriac, and Wallace
and Goicuria. In Northwest, Ii. L. Rogers
were sellers, and Webb & Co. bought. In
Northern Pacific preferred Sheldon and
Elliott sold. Money 2 to 3; Northern Pacific
preferred lends 1-6i, and Union Pacific fiat ;
other stocks unchanged; Browns sterling ad-
vanced 1921 to 4S52.
The weakest feature of the stock market at
this moment is Texas Pacific. WoerishoefTer's
brokers, Johnes and the Henriques, sold 1000
ahares aud Harding is also selling the stock.
The story of the bears is of u loss of tho COM
panys land grant and the failure of the cot
ton crop. Hotchkiss S Burnham are buyers
Slayback sold 5000 shares st. Paul, and
Brownell d Halse sold. Krkner bought 5000
shares and Kircher bought 1000 shares.
Wormser sold New York Central aud Unger
bought. keene's brokers are selling Omaha
on western reports OF trouble in tho Iowa
pool, Brownell g. Co. sold Western Union !;
the buyers wore G.. A. Bennett & Co., Jane
sons & Co.. and Van Buskert. 1t is reported
by the bears that the Northern Pacific syndi-
cate simply propose to advance 80 per cent
on the new bonds until the company can sell
them. The brokers report that the largest
buyers of Northern Pacific are sellers of
Oregon Transcontinental. Wallace & Hooker
have been selling Northwestern and j. NJ.
George sold Michigan Central.
Erie was sold this evening upon a report
that President Jcwett was ill., SAvin sold
4,000 and the buyers were Harding, Willard,
and Hotchkiss. st. Paul was sold by j. Il.
Dillon. United States bonds, 1000 4s sold
at $1.20S.
Henry Clew's Chicago grain dispatches say
the best dealers there believe strongly in
wheat, and the depression has been caused
over general lack of confidence in the COM
mercial situation, and not from want of
merit in wheat.
Central, higher; Reading, higher; Ohio and
Western, higher Illinois, lower; st. Paul,
lower, United States bonds unchanged.
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 AZ ca hauxera