National Republican., 1883-11-20
THE MARKETS.
Anticipation Of RuinOus Fight Between
Western Railways.
The Bulls ana Hears are Ugly and strlv-
Ing for Mastery.
GOSSIP.
Special DisDdlch.

New YORK, Nov 1O.-The troubles OF the
Iowa pool and probable effect upon tho mar
ket was tho main discussion yesterday, and
the majority of operators believed that very
bitter war was inevitable, and private rail-
way kilograms held this view.
The general impression among tho largest
traders is that the directors of the pool lines
are all short of stocks and are anxious for a
fight
Gould said yesterday that in his opinion
there would be mo war, as they could not
afford it. Sage also thought there would bo
no conflict, and argued that the matters at
present in dispute did not amount TO much
money.
Gould said he found things looking fine in
the west, business prospects good, and country
full of grain. Tho brokers declare much
thimble rigging Saturday to soil upon. Mr..
il. o. Armour said yesterday speculation is as
stagnant and dead in grain and provisions as
in stock market, aud alike demoralized. He
could not SEQ to buy anything at
present. 1t was reported from Chicago to-day
that 50 passenger rate will be made to
Council Bluffs this week. The iron prospects
at Pittsburg and the mills country are very
discouraging. The trade looks with gloomy
apprehensions for the future.
In this city New York; on Saturday the
Brewster Carriage manufacturing company
advised their hands (who are interested in
profits of business) to practice economy and
prepare for hard winter.
The Trunk line managers here declare there
is no probability of any differences between
Chicago and New York. Everything now har-
monious with the Lackawanna in full under
standing with the managers of Trunk line
pool. The east bound traffic increased 1000
tons last week. Tho Ohio river pool made
new agreement taking effect Nov. 1.
The Chicago Tribune of Monday says the OBJ.
iapt Df (fonldia trim tn
the Wabash was worth advancing another
million upon for interest. 1t falls due soon
and the question is whether to let tho road
default and go into hands of o receiver. 1t is
believed in the west that Gould will let the
property sink.
Greatest trading this morning was in st.
Paul, which was sold by Flower, Wadsworth,
and w. Kirkner, Bell, Tappin, and s. Henry
Bros Marfeld and Wetmore Rathbone. The
buyers were Henderson, Benjamin, and
Willard. Union Pacific was bought bysIves
New York Central Prolst bought Lacka-
wanna was sold be Decker, Howell, Shack
Graham, Young, and Goicouria, and the
buyers were H. T. Bogert, and James Wilson
In northwest, sellers Clews and Brownell
and the loaning rates unchanged. Money, "a.
John Wallace sold most Northwestern com
mon stock, and Hartman & Co. sold Lake
Shore.
There are good many bull points to buy
Oregon Transcontinental for So this week.
and it is intimated the Oregon Transconti-
mental company will vote to take $4,000, 900
or SS,000,000 of the new Northern Pacific
mortgage bonds in part payment of indebted
ness
1t is announced at Chicago this morning
that the survey for new line from Dubuqne
to st. Paul, Minnesota will bc abandoned
and the Burlington, Quincy and Illinois Gem
trail will unite in opposition to the st. Paul
in extending the Cedar Fall and Minnesota
road. This is the first organized movement
OF these roads against the ST. Paul, and shows
they mean war.
A prominent director in Rock Island and
in Northwestern railroad compapy v here says
the Iowa pool meeting in Chicago to-day has
received official notice from tho St Paul
which has already been written and filed
The statement that the St. Paul company has
withdrawn comes directly from Mr.. Cable.
the president of the Rock Island road, and is
of course authentic.
London cables report closing prices for
American railways frmer, aud demand for in
vestment is fair.
Sterling exchange easy. and looks toppy.
Cotton firm OH sentiment, and discounting
of small receipts.
Louisville and Nashville increase second
week in November, $22, ,4S5.
A private Chicago telegram Just received
says the st. Paul road people refused to attend
any meeting Of the Iowa line, and the meet
ing adjourned indefinitely. The Rock Island
people talk warlikc, and so do the Burlington
and Quincy.
DAILY REVIEW.
The market opened under some little bear
feeling and selling, but there was quick re.
action, and nearly all first class stock found
ready buyers. Prices were generally strong
up to IL o'clock, when there was
IL o'clock the tone was steady, and tho
mornings business showed fiat, stale, and
Improbable. Compared with Saturday
final figures there wero but insignificant
fluctuations. Northern Pacific preferred and
Manitoba were II to 1t per cent. higher re-
spectively, and Omaha preferred II off from
Saturdays closing. Tho rumors of trouble
among the western pool railways almost
stagnated business. Leaning rates for stocks
unchanged. Exchange unchanged. Govern
mems firm.
The st. Paul company paid to the pool the
S3S 200 in dispute, but 1t is stated this in no
way changes the aspect of affairs, and the
st. Paul managers adhere to their determine
tion to withdraw.
The meeting in Chicago to-day of tho Iowa
trunk lines was adjourned sine die, owing TO
st. Paul's refusal to be present. The Chicago
and Rock Island and Burlington aud Quincy
are very savage over this action, and trouble
is speedily expected,
AT 2;l5 p. m. stocks were steady but q frac-
tion off from the best range of prices. After
2:30 the market frightened under the leader
ship ofthe Willard and Lackawanna stocks and
the market showed strong closing at best
figures for the day No further news of tho
railway war received from the west, and it is
expected the situation has been fully dis
counted by the street.
LONDON, Nov. 19.-Government bonds
strong and unchanged, New York Central,
! lower; Illinois, : higher Pennsylvania
Central, ! higher Canada Pacific, II lower,
and st. Paul. II lower.
STOCKS
Tho 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 4 Co.. bankers
No. 14l1 i street northwest
2 = q