National Republican., 1883-10-30
THE MARKETS.
Stocks Reported Strong and with an Upward
9te Tendency. ~
Indications Thpt Leading Securities VIII
IA Continue TO Command Better Prices,
GOSSIP.
SpecidL DisDaich.A

Binghampton, N. Y, says tho Lackawanna
and Erie roads are at war on local business.
The LaclSawanna recently sold excursion
tickets between Owego and Binghaml ton be-
low the regular rates. This week tho Eric
m ikes the s. me reducti N, and throws in o
free passage in the Pullman palace cars, good
for five days. 1t is understood strong effort
will be made this week to advance the stock
market, and the Vanderbilt interest with
Keene are working hard for this. The rise
will be stubbornly resisted by bears, includ-
ing Cammack, Woerishoeffer, Travers, and
others, who were 10 full consultation at
Windsor hotel yesterday. Cammack is very
bearish on Union Pacific, owing to the great
reduction in its freight rates, and the
cut to so cents per 100 between Missouri
river and Salt Lake City adopted
yesterday. He thinks it is the beginning of
long and bitter war. lie knows the trans
portation of coke of the Union Pacific has
been reduced from 50 per ton to 20 cents.
Jammack is bearish on st. Paul, and declares
that insiders are selling, and he predicts 20
for tho stock. Scott is very boarish on the
coal stocks, but bullish on Canada Pacific.
lie says he bought 10000 shares Friday and
that London is also buying, and the Canadian
government has guaranteed o per cont.
dividend. WoerishoefTer says he sold out his
Canada Pacific at 60 to the original syndi-
cate. G. J. Osborne thinks this stock will
rise to so. The new bull pool in Oregon
Transcon tinental is mainly in DreXel &
Morgans office, and the points are
strong for rise. Tho firm deny
that they favor the election of Cas-
satt in the place of Willard. A promi-
nent coal magnate bought from Jim Keepe
recently put on 10000 Lackawanna at 49,
due in March for per cent 1t is said Keene
has sold altogether $4,000 shares of this stock
Sage declines to sell puts on Lackawanna.
Vanderbilt people talk very bullish on Lake
Shore and Michigan Central, but their brokers
intimate that New York Central is high
enough for the present Vanderbilt threatens
to call in all his stock from the street. A
prominent member of tho board estimates
that the insiders are constantly feeding out
long stock.
Tho east bound traffic fell off $3.50 tons last
week, and a Chicago dispatch this (Monday)
morning states that there is O row in the pool.
Pennsylvania and New York Central have
offered evidence of rate cutting by Erie, and
q meeting has been called.
WALL STREET.
On tho opening Johnes sold 500 shares of
each active stock. Stockwell bought the
most st. Paul. Maplesden & Dunan bought
Western Union. Tho selling was scattering
but very good. In Canada Pacific Sternberger
bought the largest, and foreign houses were
general buyers. Probst, Marx, and Dillon
bought Content sold 3,000 and the other
sellers were tho Germans. The only change
In loaning rates is in Michigan Central 1854.
Money "a. Sterling weak and fell ! this
morning. The reduction in sterling is due
to the talk of scarcity of bills. Govern
ments strong. Private Cleveland (Ohio) ad-
vices say Lake Shore earnings for three
weeks in October show considerable falling
off. West Shore has applied to the list So, ,000,-
900 of its bonds. ,-,.s ag";Gf1Iaa
Keeno's brokers have been large buyers of
Lake Shore. The stock seems to be supplied
by III. Wilson, Elliott, and Herrick
Largest buyers of New York are Young
and True. Sellers are Herrick, Hughes, l..
l.. White, and Cenos. London also sold Il
good deal Of New York Central here to-day.
Schepp is large seller of Oregon Transconti-
mental.
A Trenton IN J.) dispatch says tho Jersey
lease matter comes up again this afternoon.
Reading company people say whatever the
decision may, be 1t Is important, though
Cowen will probably carry the suit to the
supreme court, where it may rest five years.
Sterling is steady and Browns reduction
has but a temporary effect. Traders are using
fthreatened European war" to depress stocks.
Henderson sold 5000 Lackavanna. The
buyers were Wetmore, Il. Quigley, and Eli
son. Bissell bought Oregon Transcon tinental
heavily. So did w. b. Wheeler. l.. ID. Bone
dict sold. The order brokers in Union Pa
cfo say to,day's trading has been confined
to the room traders. Michigan Central lent
at /. London closed with American stocks
dropping.
REVIEW.
During the forenoon stocks were very
strong, the notable exceptions being Lake
Shore and Lackawanna, the former heavy on
rumors Of decreased earnings. The strong
features were Michigan Central, Canada
Southern, Canada Pacific, and Oregon Trans
continental, showing an advance from IL to
~, latter In Oregon Transcontinental, which
was bought largely by Cadet and r. p. Flower
& Co., with Schepp the largest seller. Lake
Shore recovered most Of the decline at IL
o'clock only to fail OFF again. Michigan
Central and Canada Pacific reacted about
IL, and at 12 o'clock the important
advances were Oregon Transcontinental per
cent, Canada Pacific Ii, Canada Southern IL,
Texas Ii, Northern Pacific preferred II, and
Kansas and Texas h as compared with Satur-
days closing. Money "a to g. Michigan
Central lent at 1854; others unchanged. Gov
ernmept strong. Sterling declined J. Oregon
Transcontinental continued strong up TO 10
o'clock, aud it was reported that very fiat
tering statement will be issued soon. 1t sold
about 80 on second call, while the rest of the
market was quiet and dropping, Lackawanna
being especially heavy. At p. m. the gem
eral market and the Vanderbilts were heavy
at the lowest prices of the day. Up to 2;3O the
market was characterized by excessive dull
ness. Aside from this the market was with
out feature, The whole gain in Canada Pa
cific was lost, and it sold below the opening.
The market continued very dull but just
before the close there was spurt that sent
the whole list up tractionally, aud the closing
was strong.
LoNboN, 12:30.-United States bonds steady
and unchanged. Erie, higher; Illinois
Central, higher; New York Central, higher;
st. Paul, I higher.
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 g. Co., bankers
No. l411 4 street northwest: