National Republican., 1883-12-14
THE MARKETS.
A Budget Of Interesting Gossip from Wall
Street
All About Stock Trading and Speculation
In Securities,
Sncrinl nisnninh.


NEW YORK, Dec. 1S.--The market opened strong
this morning, II. T. Capman buying North
western aud Charles Johnes buying Reading
The general appearance indicated that the room
traders were covering shorts. The Iowa pool
meets on Dec 49, and everything remains in statu
quo as regards the situation in the northwest
Reports of rate cutting are current but lack con-
frmation.
There seems to be great deal of stock pressing
for sale in Lake Shore at par near that figure, ana
also Northwestern about III.
In Union Pacific there is large supply ofstock
in sight of 79%, and Il. X Willard has been offer
ing to sell any part of ten thousand shares next
4 diyidend for IA per cent, usual dividend being
Reading has been the future OF the market, sell;
- Ing UP TO 5SlS on rtimored payment of dividend
first January, and that Vanderbilt was buying:
yesterday afternoon said that the Northwestern,
Baltimore and Ohio, and Denver roads had formed
triple alliance to meet the Rock Island st.
Paul, and Union Pacific combination. The terms
OF the agreement were said to DO that North
western should give Burlington west bound busi-
ness pro rata, and that Denver and burlington
should be operated as o continuous line This
information came from sources which had first
news of the Union Pacific alliance.
President Perkins, OF the Burlington and Quincy
was quoted as saying Burlington had not built to
Denver for the purpose Of abandoning its road
when 1t got there, and 1t would maintain its
rights.
OSBORN d Co. and III. Clews " co. were large buy
ers of Northwestern and Chicago, Burlington, and
Quincy yesterday. These purchases are thought
70 indicate settlement Of Northwestern difficult
ties. The Union Pacific directors had no quorum
yesterday and adjourned to Saturday.
1t was repotted last night that Clafin 4 Co. an
nounced reduction in the wages OF their en-
ployes to take effect jan 1.
The decrease in Texas Pacific earnings last week
Is said 70 have been the effect Of the freight hand
lers' strike at New Orleans.
1t Is said the Northern Pacific company received
about Sli 10000 on account of second mortgage
bonds, also that subscriptions to bonds win soon
simultaneously open in this country and Europe.
The attack on Missouri Pacific yesterday Is
thought to come from the Exchange place party.
Considerable stock transferred this week for Am
Keenes brokers were bullish last evening. and
said the lowest prices of the week had been
Bull points were current last night on Lake
Shore and Reading.
crease in the interior advance in freighs
checked t-bound freight. Exports increased
but not enough TO offset the interior receipts.
heavily, and thought that the pool is nearly out
ofits long corn, and the crowd have It,
and SdrennSeF n STOCKS sold on the reported Burlington
Mr.. Harmed gives out buying orders. Osborn &
Co; reported large buyers.
Hayes, and l. l.. Eenedict. Dickinson sold. Most
Of the dealings in Delaware, Lackawanna and
western have been by traders.
sales OF stocks to noon reached 2l0 900 shares
inc grain markets are dull and heavy. Corn
went off on light offerings. Wheat was a shade
above lowest prices. Chicago dispatches say Les
A Chicago dispatch to H. clews g. Co. SAYS: at
IS reported here on good authority that syndicate
mas been formed 10 buy control of the Louisville,
New Albany and Chicago road. J. b. Carson went
over the road on q tour of inspection recently
and II is understood that he will be general man.
ager."
An associated press dispatch says Judge Baxter
OF columbus, to-day appointed J. +. Martin per:
manent receiver Of Ohio Central Railroad and
Coal company. This Gusts Receiver Sharpe.
us thought In the room now that Vanderbilt
has been buying Reading Boyd and Vincent
have bought about 10000 shares; other buyers
Marx Co., Johns, Wickham and Halsted Bird
and Underbill, Morris Brown, and l.. Calm & Co.,
sold Reading largely. The bulk of selling has
been by Philadelphia houses on arbitrage ac-
count.
The sudden drop in cotton to-day was princI.
paliy In consequence of very, flyoFsble bureau re-
ports and the failure here. f'sA .silH
>, Ihe gist OF the bureau report points to six mill
lions or more, but It's figures forthe single states
are entirely unreasonable. The whole report ought
TO be disregarded. For instance, how could South
Carolina and Georgia have but s points and Ala
paIna Z points? Texas have gained 10 points in
November? A leading authority in Texas tele
graphs yesterday: Seventy for Texas" which
: the bureau makes 00l
We now depend principally upon the receipts
which still promise large for the immediate fu-
ture aud very sharp falling of after the h oil.
days.
Sales to-day aggregated 461 1850 shares, including
Delaware, Lackawanna and Western Al 526; Erie
$500; Lake Shore, Al $50; Louisville and Nashville
l,2@0O @ Memphis and Charleston, 1900; Northwest,
lo,l0O; New York Central, 5000; Northern Pacific,
s,SlO; Reading 10000; st. Paul 26.610 Union Pa.
citc, 1880 Western Union, 5,S7j; Oregon Trans
Sontnental, 1920; Northern Pacific preferred
, 2i'S4O; epicago' Burlington and Quincy, 300.
STOCKS.
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 d Co., bankers No, l4ll street north