National Republican., 1883-12-11
THE MARKETS.
Washington Stock JObbing RumOrs Depresa
Northern Pacific.
Gould and Hts Colleagues Talking About
Prospective Bull Movements.
REVIEW.
Specidi DfsDdich.


Special DisDdtch.
NEW YoRK, Dec. 1O.-Tho week opened
tamely at the stock exchange, and tho earliest
prices were not materially changed. the ex.
ceptions being Northern Pacific preferred
which was higher, and Delaware and Hud-
son, Central Pacific, and Oregon Navigation,
which were lower. Manhattan railway
opened 2 off, at 45.
Soon after the opening, however, decided
weakness was developed on Willard stocks
principally Oregon Transportation and North
ern Pacific preferred and in Union Pacific
The decline of II in North ern Pacific pre-.
ferred was on Washington advices of bills Ia
be presented prejudicial to tn company's
land grants. Union Pacific was sold down Il
partly on dispatch from Denver stating that
the board Of trade Of that city is determined IA
prevent the Union Pacific company from dis.
eliminating against the Denver and Rio
Grande railroad in the transportation OF
Colorado anthracite coal to stations on the
Denver road. The dash at tho stock was also
for the purpose of shaking out stock in the
interest of the shorts. Oregon Transporta-
tion was inherently weak, selling down at },
and Woerishoeffer's brokers were large bor-
rowers and sellers of this stock. The three
stocks above mentioned were the weak
ence upon the rest Of the market was of course
depressing, but the declines were only frac-
tional, except Central Pacific, North Western
common, which fell per cent.
Governments strong, sterling unchanged,
loaning rates for stocks unchanged; money
On call "a
Reports from tho western pool difficulties
to-day. were very conflicting. leading
New York brokers' wires from Chicago says
that everybody in that city believes the Iowa
pool will dissolve. On the other hand, par
tics in New York who ought to know say
there is no probability of any great war of
rates, and present negotiations will tcrmi-
Union Pacific on the one side and the Rock
Island, Northwestern, and st. Paul on the
othor. Tho Quincy, it is claimed, will be
forced to terms by the North western and tho
st. PauPs road coming to an understanding
with the Rock Island. There was frac-
tional recovery in prices between 12 and 9
O'Clock. ST. Paul recovered per cent. of tho
decline. Oregon and Transcontinental re-
covered \, SO did Union Pacific. At 215 the
market was dull and steady.
GOSSIP.
Gould said yesterday that he anticipated a
strong bull market in January, and mean
while he didn't think thore would be much
decline in prices The Windsor hotel bears
were on the rampage yesterday, and Cam.
mack, Smith, Woerishoefler, and w. l.. Scott
were very confident of lower prices.
On the other hand, brokers of sound iudg-
ment declared the market evidently wants to
go up, and say that if the speculating
directors and presidents of western roads
would stop spcculating and talking bearish
stocks would advance, 1t is admitted that
the eastbound trunk line matters, east of
Chicago, are. virtually settled up already liz
advance OF the meeting here this
information on Saturday that Mr.. Cammack
bought in 10000 Lake Shore shorts. The
Pennsylvania Central peoule have been har-
monized in the coke business by promise of
an increased allotment, and as stated, tho
freight and passenger percentages will be
arbitratcd. Trunk line traffic fell off nearly
$4,000 tons last week, owing to higher rates
of freight.
Bond dealers report an increased demsnd
for old, but lossened inquiry for new railway
mortgages. broker on Saturday disposed
OF 100000 in New York Central old bonds at
private sale ! per cent. above the market
quotations. 1t is claimed that investors arc
also buying up fractional lots of good railway
stocks daily, and taking them from the street,
and conservative men believe that all the
dividend payers are good purchase for u long
pull.
Short interest in Union Pacific is remarka-
bile. and deliveries in some cases four days
behind.
1t is claimed that Dillon personally holds
47,OO0 shares of Union Pacific, and that there
are only $4,000 shares beside in the market
here.
MIR. Clark, of the Union Pacific says the
court holding at st. Paul this week will an
point receivers for the st. Joseph and West
ern railroad. Clark describes matters west
of the Missouri as unsettled, owning to COM
petition, and that all business offering to the
roads pDnI1 hn han 1nd hoe
There is New Orleans rumor that Louis
vile and Nashville cnmpany will issue n
batch OF second mortgage bonds to put the
Mobile and Now Orleans division in good
order.
Woerishoefier's brokers are borrowing large
amounts OF oregon Transportation, and they
have also been considerable sellers of the gem
eral market.
A special Chicago dispatch says it is very
likely TINT the Iowa pool meeting will not be
held on Dec: 13, as was proposed.
PARTIES thoroughly conversant with all
particulars regarding the Iowa pool matters
and who are also largely identified with the
securities of these roads, say they don't be-
leve That there is any probability of any
great war of rates, and they are satisfied that
the present negotiations for an alliance will
ultimately terminate in an iron clad contract
between the Union Pacific on one side, and
the Northwestern, Rock Island, and the st.
Psul ON the other Unquestionably the st.
Paul and tho Northwestern will finally con.
sent to come into mutual agreement with
tile Rock Island. This will force the Quincy
to terms and thus end the western troubles.
STOCKS.
The following are tho opening, highest,
lowest, and closing prices OF the principal
vocks for the day as corrected by special wire
''eports received by Bateman g. Co., bankers
No. l411 + street northwest: