National Republican., 1884-04-02
THE MARKETS.
The Heavy Hands Of Vanderbilt and Gould
Again Manifest
Excitement in the Cotton Market and
Heavy Transactions.
SneninL Disnnich.

New YORK, April 1.--The stock market
opened feverish, without any special features.
The traders are doing all the trading. Gould
stocks steady Vanderbilts dull. Removals.
of loans at unchanged rates, except Northern
Pacific preferred, which loans for 1-64 for two
days use Bonds unchanged.
Tho market has been active and irregular.
Western Union, Missouri Pacific, aud Louis
vile aud Nashville have been weak. Lake
Shores have been very strong, and other
Vanderblts steady. Grangers are active, but
only fractional changes. Missouri Pacific
was pressed for sale, but kept up we'll. The
Northern Pacifcs were quiet and steady.
The advance in Lake Shore appeared to be
upon scare of the shorts although Wander
bilt brokers were free buyers In bonds
Lake Shore led tho list in activity, and were
alternately strong and weak. In the after
noon the market was irregular, and only
fairly active. A report Of tho trunk limo
presidents meeting caused some buying. The
weakness in the Gould stocks was q prominent
feature Of the day.
Good authority states that q movement is
on foot for the restoration of trunk line rates
to 90 cents per 100 pounds Tho principal
obstacle to overcome is outstanding contracts,
principally those made by tho Baltimore and
Ohio railroad.
1t is reported that Mr.. Gould has taken
some steps in this matter Gould brokers say
Gould has scaled buying orders in various
stocks, and is encouraging decline.
Short interest increased somewhat but is
not believed to be very large.
The support of Pacific Mail is by insiders,
and parties who wero taking back stock sold
at about So. Sage has boon considerable
buyer of Pacific Mail.
n. At AZ
may be ragged for o few days, but they do
not look for much decline. They think
prices will be held fairly we'll until the out
side situation justifies an advance.
Vanderbilt is reported to be less disposed
than Gould to see prices sag off for the sake
OF q short interest.
The West Shore officials say extension of
terminal companies loan has been agreed
upon, with the exception of small amount
held in Europe, which is expected to be ex-
tended
Rufus Hatch has decided to go into oil
speculation, aud was yesterday admitted as q
member Of the New York Petroleum Ex-
change.
S. NJ. Mills, II. H. Honore, and seven other
Wall street men also Joined this exchange
During the first twenty-five days of March
the land sales of the Union Pacific company
were 333,S50 acres, realizing $Si0,s7o, which
is large increase over 1888
hhpSbAhB VI
held soon to consider the east-bound rates ques-
tion. The advance in Lake Shore was caused
by frightened shorts covering. 1t loaned
high as LEA, with sharp difference between
regular and seller
An indianapolis special says: VIM. r.
McKeen has purchased the Terre Haute and
Southeastern road.
The story is current in the stock board
that Western Union was depressed by Gould
brokers in order to secure the stock of the late
Augustus Schell as cheap as possible.
The cotton market is strong on al advance
in Liverpool.
LIVERPOOL, 9 p. M.--The cotton demand
though good, has not resulted in much bust
ness. American cotton advanced l-16 Ameri-
can sales, $500. Futures steady ut the ad-
vance.
Cotton opened strong and point higher on
account of hardening of the Liverpool mar
ket. Spots cotton unchanged, but the tone is
Grmer.
Sales of stocks to-day aggregate 33s,610
shares including Delaware, Lackawanna and
Western, 52,S00 Erie, 1900; Lake Shore,
22,350; Louisville and Nashville, 17,310 Mis-
souri, Pacific, 15,300; Northwestern, H. 465; |;
Reading, 14,200; st. Paul, 52,700; Union Pa
cifc, 41,120; Western Union. 46,027; Oregon
Transcontinental, 1900.
STOCKS.
Following are opening and closing prices of
principal stocks, as corrected by special wire
reports received by Bateman d Co., bankers
No. 1l4l II street northwest: