National Republican., 1883-12-01
THE MARKETS.
A Firmr Feeling Manifested in Dividend
Paying Stocks
The Western Pool Troubles stin Talked
About-Money Plenty and Cheap.
REVIEW.
Epecidl DispaMh.

fDecldf DisDdch.
NEW YORK. Nov. 3O.-rhe market opened !
steady, and during forenoon was generally
strong with an upward tendency, tho net
result at IL o'clock showing to 1 per cont.
advance the latter on Canadian Pacific,
Manitoba, and Northwestern preferred.
Unfavorable reports from Montreal Of the
financial condition in tho city were without
apparent effect upon this market Chicago
people bought tho granger stocks this
morning.
Van Emburgh bought about 5000 shares Of
st. Paul, and Dominick and Dawson sold
about 1000 shares. Brandon bought most
New York Central, Herrick sold, and Will
lard bought Union Pacific. Money is . per
cent Loaning rates for stocks unchanged.
Government bonds strong, and sterling steady
and unchanged. The foreign bankers were
bullish on, Erie common and bought It freely
Tho market tone between l2 and 2 o'clock
p IN. was steady, but Western Union was
weak, and sold Off 2. The bears sold this
stock on the belief that several new measures
will bo introduced into congress next week in
the interest of the postal telegraph. A
rumor from Chicago this afternoon was to
the effect that fresh trouble in the Iowa pool
is looked for on Monday, but nothing is de-
flnitely known yet. Tho market in the last
hour was active and upward; it closed very
active and firm under the leadership of Lack
awanna and Erie on heavy trades in each.
Mr.. Turner, of tho Liverpool cotton house
of Stewart, Oxley q Co., now hero, expresses
the opinion, after travelling through the
south, that the cotton crop will not be far
from 100000 bales. Should this be true, he
looks for an advance in Liverpool of penny
n pound, and an early revival of activity
among spinnors and cotton trade generally.
On the opening the buyers of Lake Shore
were Godet &iSternberger and Field Camp
Inv
Brown and L. Cohn q Co., and Marx & Van
Hoffman bought Union Pacific was bought
by James Wilson, George Dickinson and Il.
Marx. The sellers were Van Emburgh and
Atterbury. In Canada Pacific Heath bought,
and foreign houses also purchased some stock.
In Erie London bankers were free buyers,
led by Van Hoffman, Niles, Probst and
Wormser. st. Paul was bought by Bissell |
In Northwestern the buyers were L. l..
White and Bogart, and the sellers Dillon and
DARN.
Sterling exchange bills a. s2l to 44sl in
small lots. Governments arc strong and old
ones scarce, only stiff bids bring them out
There is demand on the board for Houston
and Texas stock at 56l bid, but no sales.
Liverpool telegram says thdt Morris
Ranger, the great cotton speculator, will
soon resume, and have good backing
East Tennessee earnings for the last three
weeks in November increased $52 SOB.
Mr.. Tows, of the Rock Island road, said
this morning that he considered the Iowa
pool troubles virtually settled.
GOSSIP.
The impression is quite prevalent in stock
circles that the market will be somewhat
stronger and higher to-day, and the action of
the Iowa pool ain adjournfhg the meeting
until Dec. 13 is regarded favorably; also the
st. Paul roads notice of extension of with
drawal until Jan. j.
The Dows-Flower people think that these
pool troubles will ultimately be harmonized,
and there will be no war, but they support |
President Cable in the stand he has taken.
The general opinion hero among railway
people is that the Rock Island company Is
entirely too beiligerent and exacting in its
demands.
Press dispatches this morning from Chicago
say the Rock Island is stealing march on
the Northwestern road by extending west
from Washington, running between this road
and the st. Paul, to Ordway, whore junction
will be formed with Porter's new cut of to
the Union Pacific.
The order brokers in Western Union report
the buying this week superior to the selling.
No long stock of consequence has been sold,
and short interest has been increased by room
traders. 1t is reported the selling of Canada
Pacific, Louisville and Nashville, and Della
ware and Lackawanna has been better than
the buying, and the feeling is not bullish
upon these stocks.
The bear party is Louisville and Nashville
is strong, and the Cammack- Traverse people
talk below 30 for it in 1854. A special St.
Louis dispatch reports that tho lines west of
the Missouri river have decided to act to-
gether tomorrow, and freight rate will be
adopted by the Union Pacific, Atohison, Bur
lington, and Missouri river. and Missouri
Pacific roads.
Mr.. Dillon said yesterday that this matter
had been settled. He estimated that the short
interest in Union Pacific stock here at 100000
shares New England. ho said, had bought
$4,000 shares additional for investment the |
past ten days. His holdings were 10000
shares, and Mr.. Dows held 1000. The in
siders In Erie confidently expect higher
prices, and talk so for the common
by next July. The Mills people soy if the
stockholders would only stand by themselves
the price would Immediately advance.
1t is reported that much New York Central
stock was called in Wednesday. Twombley
borrowed $500 shares from Blood for 1-6i |
supposed for delivery on seller COS just com
ing due.
One Of the largest holders of Reading stock
is trying to induce Gowou to withdraw his
resignation, but the latter is stubborn
Gowen says that Reading will show over
per cent net for the year, and he favors o 3
por cent. dividend in January, but he leaves
the decision to the board Of directors.
STOCKS. tnI
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 Il Co., bankers,
No. 14ll street northwest:
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