National Republican., 1883-11-16
THE MARKETS.
A Dull Feeling and Downward Tendency in
Wall Street Prices.
Neither Bulls Nor Bears Confident =
Trouble In the Iowa Pool
REVIEW.
Special Dispdtch.

Special DisDdich.
NEW YORK, Nov 15.-The tendency of the
market was downward during the forenoon
but there was no strong pressure to sell. and
trading was limited, Lackawanna being most
active, tho Vanderbilts, st. Paul, Union Pa.
cific, and Oregon Transcontinental ranging
next.
Michigan Central declined in early deal.
ings, but soon recovered.
At IL o'clock the majority Of tho list
showed fractional losses as compared with
Wednesdays closing, and Texas IL, Oregon
Transcontinental, Eric and Westorn Illinois
md Wabash preferred were ! to 4 adj
vance. Tho bears circulated rumor via
Boston that the Union Pacific September
earnings decreased $l50,000 but il had no
noticeable effect here Chicago advices that
the Iowa pool line meeting adjourned until
the coming week, when it is expected that
the questions will be finally acted upon, and
demand made upon the st. Paul road to pay
over its extra receipts on live stock traffic.
The st. Paul fatty refused to do anything Of
the kind, and it is thought will return the
same fiat refusal to Mondays meeting.
Money 2l@3 Loaning stocks: New York
Central, fat; Union Pacific, 4; Michigan Cen
trail, fiat TO 1-6i; Northern Pacific preferred,
fiat to 1; others, lag. Governments strong,
Sterling unchanged.
Between ~ and 2:30 o'clock the market was
duh and of. but Illinois Central was an ex-
ceptional feature, and rose to 134. Erie aud
Western was also firm and higher. The
greatest pressure was upon Canada Pacific,
which sold at go against 614 last night,
There was steadier tone during the last
hour, but business continued light
The bond market opened strong, with good
demand for Lake Erie and Western incomes.
Stock loaning--New York Central flat, Union
Pacific 1, Michigan Central fiat to !. Northen
Pacific preferred fiat, Jersey and Lackawa nna
fiat to l. other stocks to 2; money ~ to g.
A Chicago telegram says the trunk line pool
to-day ordered the withdrawal of largo
amount of first and second class tickets west
of Chicago, because these lines have been pay
ing commissions toscalpers. 1t is an attempt
to force the granger roads, and will be re-
sisted.
The foreign bankers report considerable
New York Central stock recently arrived
from Europe, consequently stocks lend easier.
The German houses are large lenders A
Liverpool dispatch just received says the
November and December short interest in
cotton is estimated at 100000 bales, and there
are rocks ahead unless efforts by the bears to
hold prices down and save certain concerns
succeed. Should these efforts fail, and the
market advance, further suspensions are in.
evitable. The great danger lies in the fact
that very little actual cotton is held in
Liverpool, afloat or in America, against this
enormous short interest.
Traders generally thought there might be
some little rally in the market this forenoon,
but later the tendency has been downward.
Short interests in Lackawanna, it is believed,
are almost entirely twisted out by Keene and
Hutchins. The big bears are timid about
selling short Cammack declares he is doing
nothing. Bell offered to bet 81, 900 last night
that the Manatoba would sell within so in a
year. Woershoeffer says he continues bear
ish, but says there can be no great
break as long as cheap money continues. The
average impression is that the whole market
is tired and entitled to further reaction OF
several points, afterward relapsing into dull
ness 1t is said the traders in the room have
made but little money lately and they have
now combined to work the market and formed
pool of their own. Mr., Wadsworth, ,of the
st. Paul, says this road does not intend re.
naming in the Iowa pool but will agree tc
maintain pool line rates. ftp,ne6ars
1t is understood from other sources that the
st. Paul refuse to give up the receipts from
business in excess of their percentages, and il
this company persists the other lines will
withdraw. George III. Chase thinks the
market good purchase on all sharp reactions
and, after being bear for two years, he is
now o bull.
A Pittsburg dispatch says ten large nail
machines stopped production because their is
no Improvement in the trade, and the Hig-
gins carpet factory stopped owing to strikes,
and 1000 workmen quite rather than take 10
per cont. reduction in wages.
Robert Bruoe's advices from Chicago, say
To-day the cable brought information of a
six pence in Liverpool, with generally
steadier country markets. Weather west
cloudy and cold, with furry of show. The
receipts show falling OF, and the shipments
from Chicago exceed the arrivals slightly. II
is generally thought that the late "bulls' who
engineered the last advance have sold out
and got short, and that new party, stronger
in every way, are now the buyers Prices al
the opening were the same as last night:
closing, but immediately stiffened up, and
in the FIRST hour gained half cent. The
position looks healthy, and further improve
ment in prices is not unlikely. Corn also ap
preciated little, Notwithstanding Liverpool
was quoted easier. The May option is the
favorite one, and prices hang around 81
cents.
STOCKS.
The following are the opening, highest
lowest, and closing prices of the principa
stocks for the day, as corrected by special wirt
reports received by Bateman q Co., bankers
No ldll Il gtreet nOrthwest.