National Republican., 1883-10-06
THE MARKETS.
Rumors that Gould and Sage Will Crowd Vii
lard Out Of the Northern Pacific
Tho Pullman Company TO Issue New
Mortgage for Use Abroad.
GOSSIP.
Special Dispatch.

company are about to issue new mortgage
and issue it abroad
good many of tho traders uptown last
evening thought the Willard stocks had
probably seen bottom prices for the present,
especially if there is any foundation for the
report that Willard himself would be ousted
and the property controlled in future byAlex.
Mitchell, ID. o. Mills, Gould, and Sage. The
general theory is that Willard has sold out
his interest to a largo extent. II is said he
placed $l,000,000 in governmontsin his wife's
name recently. The Mills party are very
bitter against Willard and sny that mono of
the holders of the securities will favor any
plan proposed, nor will they attempt to assist
the floating of any new loan while Willard is
at the head of tho Northern Pacific and
Oregon Transcontinental. Piorrepont Nor
gan says it is probable consolidated bond
will be issued.
The Windsor bear party are very bearish
on the coal stocks, which, it is understood,
may be sharply raided this morning. New
comb exhibited kilograms last night showing
there was q row in the anthracite coal COM
bination, which was threatened with collapse
because the Delaware and Hudson Coal COM
pany had ordered reduction of fifty cents
per ton for coal, to take effect to-day This
story finds little belief. The most conserva-
tive operators are not inclined to buy North
crn Pacific stocks yet and say yesterdays i'm
provement is entirely due TO shorts covering.
Brandon bought in 10000 shares Northern
Pacific preferred yesterday.
WALL STREET.
The order broker in Union Pacific says the
selling is better than the buying this morn
ing. Stow sold 1000, and the bears have
rumor in the board that the Union Pacific
company will try 20 float 100000 loan.
In the Northern Pacific stocks and Oregon
Transcontinental II is reported o small bull
pool is being worked by Sam Bocock. The
buyers were Lapsley. Brownell, Landon, and
Decker. Howell Shack was seller. In
Delaware and Lackawanna S.V.White bought
5,000 and Coombs also bought Ellison sold
1t is stated this morning that the Delaware
and Hudson circular will go out to-day, re-
ducing coal SOC. per ton. L. Frank has also
been selling Delaware and Lackawanna ex-
tensively this forenoon. In New York Cen
tral the prominent buyers were Sternberger
and Fuld. The sellers were scattering 1t
is reported this morning that the New Y ork
Central has reduced fares to-day between
Utica and Syracuse In Lake Shore, Stern
berger and Fud, and Campbell bought, and
Sam Walsh sold. In Reading, G. NJ. Brown
bought. Stocks lending, Northern Pacific
preferred, 6i; New York Central Reading, and
Jersey Central fiat to 1854. Money % to 3.
1t is announced that the Northern Pacific
company has applied to tho board to list
S2,750,000 general first mortgage bonds. The
Reading company applied to list its deferred
bonds to the amount of over S3i, 100000, and
the company states it is solvent and will net
to per cent. this year. The Northern
Pacific directors meet tomorrow to decide
upon new financial scheme, The form of
bond was virtually agreed upon yesterday,
and Philadelphia telegram says that capi-
talists there agreed to take $10,0000O0.
The largest trading in the market up to
noon was in LackawRnna, and the trans
actions footed up $4,000 shares. Hamilton Il
Connor sold 10000 S. V. White bought
10000; Carver sold 6,000 Van Emburgh sold
5000; Slayback sold 1000; Elliott sold 5000 I;
Clews sold 5000, and the other sellers were
Welsh, Coombs, Ierega, Ellison, i. X. Will
lard, Dickinson, Jones, Henderson, and Chap
man. Leavitt bought 5000 and George Scott
& Co. also bought. In Reading the largest
sellers were Elliott, l.. L. White, Hughes, and
Pearl & Co. c. N. Brown bought and Content
bought 5000 shares. The largest sellers of
Union Pacific were Nelson, Nicholas, and
Van Emburgh, and the buyers were Wander
hof & Sterling and Groesbeck. Chas. Johnes
sold the most Northern Pacific preferred and
Bissell bought
Tho Lacllawanna people deny the report
that they will reduce Scranton coal % cents
per ton, and say that they propose to main
tain October prices. Philadelphia dispatches
say the Reading will not change prices, and
are selling coal at 80 cents a ton higher than
contract prices,
1t is reported that Cammack and Woeris-
hoeifor are short $4,000 shares Lackawanna
Union Pacific has been sold vigorously this
afternoon by 4. X. Willard Il Co. and by Con-
nor's brokers, on statement that Gould and
Sage are going into the Northern Pacific di-
rection. Wagers of 81 900 are offered that the
latter crosses the price Of Union Pacific in
1884. 1t is reported that the coal "barons'
are in session adjusting prices.
REVIEW.
The market opened active, excited, fever
,en, and higher, the greatest activity being
in Lackawanna, Union Pacific, and the Viii
lards. Lackawanna was the salient feature,
and was sold in huge blocks and dealt in to
the extent of $4,000 shares before noon
Cammack and Wocrishoeiier were the princi-
pal sellers of this stock, which fell per cent
and was sluggish at the decline. Reading,
which was likewise freely sold, fell IA; Jer-
sey, l; while Delaware and Hudson was strong.
The net result up TO noon was an advance in
Delaware and Hudson and Pacific Mail of
and per cent, respectively, and do
clines in Union Pacific, Central Pacific,
Reading, Lackawanna, and Omaha of
and Lackawanna. Tho Vanderbilt shares
were rather dull Tho market was weak be-
tween IL and o'clock. Lackawanna dropped
to ll6s, and it was evident that the coalers
were heavily sold by a powerful bear clique.
Missouri Pacific was sold vigorously by e. X.
Willard " Co., as well as Connor's brokers,
upon report that Gould and Sage were going
into the Northern Pacific directory. Money,
= to 3. Northern Pacific lent 1-l6, and New
York Central, Reading, and Jersey Hat to l-6i.
Sterling dull. Government bonds easier
There was a slight rally in the market early
in the last hour ON reports that tho coal man
ayers were in session, and would adjust prices
on an equitable basis. Lackawanna continued
the active feature, and Oregon and kindred
stocks advanced to about the opening figures.
At 2;l5 stocks were steady, without important
change, The market continued active during
closing hour, closing strong
Closing prices, as compared with yesterday,
show the following changes:
Adyanced-Western Union, 7 Central Pa.
cifc, J; New York Central Erie, 4; Chicago,
burlington and Quincy, Missouri Pacific,
Kansas aud Texas, } Canada Pacific, l. Pa.
cillc Mail, 4; Rochester and Pttsburg, /;
Ohio Central, z; Lako Shore, & st. Paul,
Wabash preferred, 4; Oregon Transcontinental,
q; Northern Pacific, II preferred, 90 Can
ada Southern, & Texas, /.
Declned--ChicagO and Northwestern, !;
Jersey Central, /; Wabash common, 4; Della
ware and Laokawanna, IL Reading, 4.
LONDON, 12:30.-United States AIS, lower
Erie, 1-16 higher New York Central, higher;
Illinois, ! higher Pennsylvania Central
higher; Reading, higher Ohio and Western,
II higher; st. Paul, higher.
GOVERNMENT BuNDs.