National Republican., 1883-10-11
THE MARKETS.
The Large Buyers Uncertain and Doubtful Over
the Situation.
Ruling Rates OF Leading Securities
Yesterday.
GOSSIP.


NEW YORK, Oct. 10.-It was reported last
night that bull pool had been made up in
the Grangers', Union Pacific and several
other stocks and the general tone was favor
able for improved prices to-day, especially II
Ohio has gone for the republicans. The situa-
tion was not very clear and the largest opera
tors continued uncertain and doubtful of the
course of tho market. Woerishoeffer and
Cammack were bearish, but the Mills party
were anticipating better prices. Room
traders were bullish down to the close
and long of stocks A large Nassau street
concern Commission house says Boston
clients took UP all their Union Pacific stock
and ordered it over to Boston. Woerishoeiier
is probably the leading seller of the Texas
stocks, especially Texas Pacific, for several
days, and a story is in circulation that he has
sent lawyer to Texas to mako application
for q receiver, claiming default on tho income
bonds. Gen. Dodge said there had been no
default of bond interest, and the company has
over two years interest in cash on hand. He
has been buying moro securities Of this
company himself, and foreigners have
bought tho stock all the way down,
and tho incomes arc being con-
verted intoa lands. The Texas Pacific
road, Dodge says is earning more than its
fixed charges even upon the Rio division,
which is tho poorest section of the road. Oc-
tober earnings, he estimates, will be the
largest recorded. Referring to the Kansas
and Texas, Dodge claims the net earnings
this year will be $4,000, 900, and fixed charges
are only S1,600,0O0, leaving $1,400,000 for
stock and incomes. Sage said yesterday that
Gould and himself will take care of the rail
sY,fa tod
and they are not going into anything new.
Gould does not go southwest this fall,
WALL STREET.
On the opening Davis, Tileston & Co. and
Decker & Howell bought Northern Pacific
preferred, and the room traders were the
sellers. Towt was the largest buyer. Other
buyers were Amary, Fred Brown, and Marx
The sellers were j. NJ. George, Content q Van
Setback. In Oregon Transcontinental Flem-
ing sold. In Lake Shore +. p. Freeman,
Drummond & Kissam, 'Cought, Briggs. &
Altman. In New York Sternberger & Fuld
sold largely, and the buying was scattering
In Lackawanna E. M. Cox was the largest
seller, and the other sales arc by Fanshawe
Hurts & Marx. The buyers were Newton &
L. L. White and Halgarten.
The principal buyers of Jersey were Van
Emburgh, Leverick, Johnes, and scattering.
The sellers were Josephson, Il. o, Reed, S.
Walsh, and i. IL. Smith. Philadelphia dis
patches say there have been large transfers of
Jersey recently to strong people for invest
ment.
Sterling, steady demand, sold at s5 less l.,
and that is about the market; $4,000 sold at
this price. The Western Union company has
cut off large portion of Delaware and Hud-
son business, and the press is allowed fewer
privileges of this nature.
President Dillon says that the net earnings
of the Union Pacific for the year have been
$700,000 in excess of last year, and the earn
ings on the stock for four months has been at
the rate of about ID per cent. 1t is rumored
that batch of Union Pacific will be bought
in to-day if not delivered.
REVIEW.
The market opened generally firm, with
the shorts in Union Pacific, Lackawanna,
and Jersey getting small squeeze, the latter
stock going to 80, Lackawanna to 11S, and
Union Pacific, S74 The Gould securities did
not show much brilliancy. The spasmodic
movement in jersey on the opening was
partly due to tho selling of a large block of
stock. The weak features during the fore
noon were Michigan Central, Canada South
ern, and the Wizards, which declined / to 2
per cent The coalers reached to ] from the
top prices, and the Vanderbilts recovered L
per cent, while the rally in the Wizards was
insignificant.
Excepting the coal shares, the Omahas and
st. Paul, the list was heavy at II o'clock. The
principal depressing influence being Oregon
Transcontinental, Louisville, Michigan Cen
tral, and Northern Pacific common, and the
majority of stocks were below yesterdays
closing, while three were to above, and
some half dozen to ! above. Michigan Cen
tral showed decline %, Louisville 12 Oregon
Transcoutinental %, and Northern Pacific LIZ.
Money 2. Government bonds strong; sterling
unchanged. Market steadier at noon, but
Northern Pacific common was weak, and fell
to 309, rallying fractionally later Michigan,
Louisville, Missouri Pacific, and Union Pacific
rallied to Y. Tho Northern Pacifcs were
weak on second call, and Louisville and
Nashville was again weak. Values were q
shade at 220, but there were no decided
changes. The market closed dull and weak.
Closing prices compared with yesterday
show the following changes:
Advanced-Jersey Central, q Delaware
and Lackawanna, }; Kansas and Texas. 4;
Pacific Mail, ! 4; Rochester aud Pittsburg, /
Union Pacific, 1.
Declined-Chicago Burlington and Quincy,
4; Central Pacific, s /; New York Central 4;
Erie d; Michigan Central, IL Lake Shore, /
Louisville and Nashville, \; Chicago and
Northwestern, ]; St. Paul, /; Wabash COM
mon, D.; Wabash prefsEred, / Missouri Pa
cifc, / Denver. 4; Wegon Transcontinen-
tai, Al Northern Pacific common, 2t North
ern Pacific preferred, I; Canada Southern,
I; Canada Pacific, J.; Texas Pacific, / ; Read
Ing l.
STOCKS.
Tho following are the opening, highest,
owest, and closing prices of the principal
reports received by Bateman & Co., bankers,
No. l411 Il street northwest
d