National Republican., 1883-11-09
THE MARKETS.
Evidence That the Clique Have Parted With
Some Of Their Holdings
The Market Active and Prices Advanced
ut Yesterdays Close.
GOSSIP.
Special Disp1tcn.

New YoRK Nov. s.-The feeling on tho
market up town last evening was bearish
and the course Of speculation was generally
regarded as disappointing, but tho selling of
toward the close of tho day was largely at
tributed TO professional trading and manipu-
lation. Tho open selling of Oregon Trans
continental by Decker and Howell at AZ was
regarded as trap to catch another batch of
shorts, and tho public selling of st. Paul by
Keene's brokers as u like device.
II is understood the Davis and Minis pool
in Canada Pacific accumulated about 10000
shares yesterday trying to sustain the
stock. Room traders believe tho market is
going lowor, and some of the largest
conservative houses give customers no en-
couragoment to buy at present. Wirsher-
hoeflor says there will bo no more gold inn
ported. Cammack put out another lot of
shares yesterday. He sold about 10000,
partly st. Paul, Oregon -Transcontinental,
Delaware and Lacknwanna, and Lake Shore.
Tho trunk line presidents expect to finish
their discussions to-day 1t is claimed tho
Erie must pay over tho excess of freight car
ried over its percentages. The feeling is not
as harmonious as usual Another meeting of
the lines will be held in Cincinnati Nov. 10.
WALL STREET.
On tho opening Canadian Pacific was bought
to tho extent of 5000 shares by Sternberger
& Fuld. Other buyers were Davis & Minis
and Van Hoffman Tho sellers were Lemar
and Pattison Il Co.
LackawannA was bought by Harriott &
Noyes, but tho most trading was by scapors
New York Central, Lake Shore, st. Paul,
and Northwest are very dull. No important
trading. 1t was rumored in the board that
the Northern Pacific suits had boen with
drawn. Loauing rates for stocks unchanged.
Money % to 3. Sterling unchanged
A Chicago telegram just received (Now York
time II u. m.) says there is new agreement
regarding passenger business between the
Alton, Wabash, and Illinois Central roads, to
maintain uniform rates between Chicago, St.
Louis, and Kansas City.
Cammack has been selling Lackawanna on
reports of further large reduction in prices
of steel rails.
Van Emburgh sold Sc. Paul heavily. Will
lard, Elliott also sold. Van Hoffman was tho
largest buyer of st. Paul. In Northwest,
Nicholas bought, and the room traders bid up
both common and preferred. Atterbury Gold
Northern Pacific common, and o. O'Brien
sold Reading Government bonds steady.
Sterling exchange strong. London cables
report American railway easier. Bank rate
unchanged, and outside money abundant. at
% per cent.
A private telegram from Leavenworth,
Kan, says tho suit of the board of commits
pei recognition of the stock of the defunct
Chicago and Southwestern Railway company
has just been decided in favor of the Rock
Island road.
The trunk line meeting adjourned after
harmonious settlement of all troubles.
REVIEW.
The forenoon's trading was only brokers
market. There is no question but that the
cliques have parted with some of their hold
nYG NUog mt 10 To-
tive stocks were Lake Shore, Oregon, Trans
continental, and Lackawanna, but tho fiuc-
tuations were unimportant. At 10 o'clock
prices were about Wednesdays final figures
Money to 81; loans on stocks unchanged !;
governments gov, %hs steady steady; sterling very
o'clock was dull and featureless.
Prices were shade higher on second cali
on report of harmonious action in trunk limo
meeting and that the troubles have been
settled.
Northwestern preferred was exceptionally
strong Omaha preferred was also strong
and above opening.
After 230 the market grew more active and
prices advanced under the leadership of
Michigan Central and the Vanderbilt stocks
Lake Shore touched par. The general list
moved up in sympathy, and the market
closed more active and at the best prices of
the day.
The daily circular of Robert Bruce, Wash
ington, says: The reaction incident to any
sudden change in the market occurred to-
day, and wheat is cent and a half lower
than yesterdays top prices. The purchasers
of the past ten days have realized their hold
ings, secured their profits, and are waiting for
u trihe further decline to re-enter the mar
ket The visible supply on sea and land has
decreased two and u half quarter millions
during tho past two weeks-the farmers de-
liveries are increasing-and the opinion of
the press and public has undergone a great
change. The "chronic shorts" don't believe
that the market has turned "for good" but
are getting ashore all the time, while the
bulls believe this a genuine tidal wave, and
predict big advance in wheat. Corn is slug
Rish provisions lower; foreign advices strong
on grain. We still incline toward tho long
side.
STOCKS.
Tho following arc the opening, highest,
lowest, and closing prices of the principal
stocks for the day, as corrected by special wire
reports received by Bateman q Co., bankers,
No. 1411 + stroet northwest: