National Republican., 1883-12-15
THE MARKETS.
Operations Of the Big Fish in the Pool Of
Speculation.
Prices Going Up and Down the Scale
Sluggishly.
REVIEW.
Specidl DfsDdfch.


New YORK, Dec. H.-Market opened
steady, but it was apparent that long stock
in the Northern Pacifcs, Oregon Transcon-
tinental, and Louisville and Nashville was
for sale, with some offering in other stocks
around the room. Louisville was fercely
hammered by John Slayback and oammack's
following as soon as signs of selling by hold
ers were apparent, and they jammed the
price down to 455. Puts by house identified
with one of the Louisville and Nashville
directors are being sold on Louisville and
Nashville at 4l4. The Iowa pool troubles
remain in statu quo, and there are no signs
as yet of any buying back of long stock in the
granger roads, and until the meet
ing fixed Dec. is it is unlikely
that any material change in prices
of these properties will take place. New
York Central and Lake Shore also Delaware
and Lackawanna, all showed strength, de-
spite the weak market. New York Central
shows good deal of quiet buying. This
afternoon some few buying orders stirred
Lake Shore, but IL was not of much account.
Union Pacific has been comparatively
neglected to-day, and decided rally in it is
expected by shrewd observers.
The balance of the market improves as
there seems to be no disposition to sell it at
present in the face of the large short interest
and the severe decline.
GOSSIP.
1t is very quiet uptown, rather bearish in
tone, except upon Reading 1t was stated that
a short interest in Reading of fifteen shares
put out at 40 was covered ut between 562 and
573. The advance started on what was con-
sidered Vanderbilt buying. Barton, Mines,
and Davis, Boyd and Vincent and Alley, and
Dowd were said to be the largest buyers
There were rumors Of buying by tho Penn
sylvania railroad people, but they were not
credited.
General Manager Merrill of st. Paul said
last night that there was nothing new in the
Northwest situation. He had not heard from
his own people of the Northwest, Chicago,
Burlington, and Quincy and, Denver alli-
ance. He expected no news until after next
Tuesday. He thought the meeting might
last several days Mr.. Merrill leaves for
Chicago to-day
Vanderbilt brokers denied reports of Van
derbilt selling of Lake Shore. Parties likely
to be we'll informed said the stock was raided
by bears.
The West Shore road will complete its
double track between Weehawken and SYRIA
cuse next Wednesday. The entire road will
open Jan. /. The weather helps construction
great deal.
Ohio Central earnings for the first week in
December $1S,S61.
A Philadelphia dispatch says New York
parties were buying Reading yesterday prob
ably at the instance of the Gowen-G Garrett
Vanderbilt pool.
1t is thought that the large short lines in
Oregon Transportation put out about so were
covered around 40, and that stock sold in the
past few days was mostly long stock.
Chicago markets are all strong on reported
stormy weather.
Sales of stocks o'noon, 2O5 900 shares Gov
ernments very strong and unchanged. Ster-
ling very dull.
Lord Berry and Mr.. McHenry will inspect
the New York Central road to-day; thoy go
in Mr.. Gould's private car. 1t is stated Me-
Henry proposes to make some interesting
comparisons between the Erie and its COM
peting lines. ,.ftp -s,,
f. b. Howell & Co. were posted this noon
as unable to meet their liabilities at the pro-
duce exchange. The president of the produce
exchange has read a notice that Howell e. Co.
will meet all their obligations in full. They
state that the first notice was on account of a
check drawn without the knowledge of the
firm.
Sales to-day aggregates 394,977, shares, in
Guiding Delaware. Lackawanna and West
ern, 2S,900; Erie, $500; Lake Shore, 10000 /;
Louisville and Nashville, $500; North
western, 7,100; New York Central 5000 /;
Northern Pacific, 1880; Reading, $4,000; St.
Paul, "a, 100; Union Pacific, 37,900 Western
Union, $500; Northern Pacific preferred, 3d.
600; Oregon Transcontinental, $1,000.
STOCKS
The following are the opening, highest, lowest,
ana closing prices OF the principal stocks for the
day as corrected by special wire reports received
by Bateman Co., bankers, No. l4ll street north
west: