National Republican., 1883-10-31
THE MARKETS.
Dullness Prevailing and Marked Increase in
the Trading
Tho Price OF Cotton Not Affected by the
Liverpool Failure.
GOSSIP.
SnfcinL Disnnich.


and some few purchases by Cammack, who
was covering his shorts. Outside Of this
dealing the Gould stocks attached some at
tention and frmness and activity in tho
Southwesterns, including the bonds and
stocks, caused some remark. 1t is reported
that the cause of this improvement is owing
TO the fact that q committee of Kansas and
Texas bondholders arc here from Amsterdam,
aud are making thorough examination of
the books and report property in excellent
financial condition, and accordingly been
buying the income bonds pool has been
made to buy the Texas Pacific incomes-all
that are offered below certain price,
Cammack continues very bearish on Union
Pacific, and predicts stock will sell below so
next year.
Gurney declares St. Paul won't earn moro
than $23,000,000 next year. and $25,OO000O
are needed for fixed charges and dividends.
Osborn is out of his st. Paul, and the bears
claim that Mitchell admits Door crop along
the st. Paul road.
report was current last night that the
Grand Trunk bad arranged traffic schedule
with the West Shore road, thus forming di-
rect and independent line from Now York to
Chicago.
Private kilograms report the Erie company
selling Corning excursions to New York for
So in opposition to the Lackawanna, and the
war between these roads continues.
responsible member of the stock exchange
said he saw a draft last week on London for
100000 sterling against q shipment from
here of $500 shares Louisville and Nashville,
10000 Kansas Texas generals, aud a lot Of
other securities from Philadelphia.
The assistant president of the New York
Central said last evening that the trunk line
trouble would be settled up next week.
BosToN, 10:35.-Bell 206 bid, 207 asked.
A 1,I,, Il ,Nol, a.FNI
Northern Pacific declare they have sufficient
proxies to secure the passage of the second
mortgage resolution. The company is as
sured by eminent counsel that every precau-
tion has been taken to make this issue legal.
1t is believed the Pennsylvania Central
dividend will be / per cent (one-h half cash
and one-half scrip, the latter convertible into
stock at par, with an allotment privilege Of
to per cent?.
WALL STREET.
st. Paul was sold by Kirkner Elliott Ian
day, and Prince & Whitley. Lackawana was
sold by Stafford, s. " White, and Prince &
Whitley, and bought by Bird and Isaacs.
Gordon, Latham, Alexander, and Howard
Decker & Howell bought Oregon Transcon-
tinental.
Sterling is nominally steady.
United States AS strong and in good de-
The Reading company's September report
(officiaD will show an increase in net over
1882.
Buying of Oregon Transcontinental was the
principal feature in the opening, and consd-
cradle stock was bought by Drexel & Morgan
and Keenes brokers' Among the buyers
were Cross, DIR. Shelton, and Willard.
II. Miller was prominent seller of Canada
Pacific. Brayton and Ives sold 1000 Western
/ Union, and the buying was scattering. The
Y German bankers sold Erie. In Lake Shore
the buyers were Bird and Herrick. Redmond
was seller. r-H -lsi-a le 20
S The Germans bought Wabash preferred,
and Won Hoffman bought the common. In
loans is bid for use of Michigan Central
Money "a.
a A special cable received at noon says; "The
fLiverpool market is greatly excited by the
announcement that Ranger has laid down
pn his short contracts and failed. He was
largely short and has been prominent seller
over since the opening of the season. A
month ago his shorts were 250,000 bales.
Private settlements were made with one firm
on 10000 bales, leaving him still heavily short
and unable to meet to-morrows settlements
Other failures are expected, but it is be-
lieved the heavy brobers have protected
themselves"
The Liverpool failure has almost suspended
operations in the New York cotton market
but leading firms say prices will not be mate.
ITALY aHected IN oltner market.
Morris Ranger has severed his connection
with Fatman d Co. several years ago, and this
firm lose nothing.
United States IS are wanted at 100a foI
bonds that will come within the next call
Appointment London banker says that there
has been good buying here within the past
twenty-four hours for London, and abont
19,400St. Paul common, 1S 800 Canada Pacific
and about 10000 shares of other stocks will be
shipped by Wednesdays steamer to Liver.
pool.
The cotton failure of Morris Ranger oc
CURED in Liverpool. He is not engaged il
the business here but is q brother of Loui,
Ranger, of tho New York cotton exchange
As soon as the failure of Ranger (firs
known by Lehman here), Lehman com
menced buying heavily, under which price
rose.
REVIEW.
The market in the forenoon was extremely
dull, the trading being much less than yes
terday. break of points in Canada Pa
cidc on realizing sales, and an advance of 1
point in Oregon TranscOntinental were prom
inent features. Michigan Central fell off
per cent. and Lackawanna was heavy on
decline of B. Oregon Transcontinental los
the early advance and declined to 49a
Reading sold II below last nights closing
Canada Pacific recovered 1s, but immedi
ately afterward fell 4.
ally below Mondays closing, the most promi
nent decline being Canada Pacific, 2t; Read
ing, II. Wabash and Missouri Pacific were
trile higher aud Memphis and Charleston
higher. Money p. One-eighth was bid TO
the use of Michigan Central but the genera
loaning rates were log. Sterling nomi
nally steady. Bonds irmer The marke
had frmer tone between 12 and o'clock
and there were reports of heavy shipments O
American securities to Europe by tomorrow
steamer Rangers failure did not affect thi
market.
Denver rose per cent. on large transac
tions. There was an advance this afternoon
in long date sterling bills of exchange
Stocks became irregular after 2 D. M, an
could scarcely be called strong. The advanc
IN Denver is accounted for by the closing Q
the books. At 215 the Vanderbilts wer
heavy, aud the general market "droopy.
The market continued tired to the closing.
LONDON, l2:3O.--New York Central,
lower; Illinois Central, higher; Pennsyl
Yania Central, higher; Reading lower; 81
Paul, lower.
GOVERNMENT BONDS