National Republican. (Washington City (D.C.)) 1872-1888, 1884-09-20
THE MARKETS.


NEW York, Sept. 19.--The feeling was
quite bearish at the Windsor last evening,
particularly on the coalers aud grsngers.
1t was known that the western roads
convention at Chicago yesterday had
been unable to agree upon any important
point, and IL was believed the conference
would end to-day. Private dispatches
this morning said that the Northwestern
people were very stubborn, and showed
disposition contrary to harmony.
The brokers report more large orders
In tho market yesterday than before this
fall, but there was great mystery ana
manipulation, and 1t was therefore be.
lieyed that the tendency was toward
lower prices. The selling OF Northwest
was incessant.
IL was reported from Philadelphia this
morning that the anthracite coal com
panies had agreed upon new percentage
Of production for next year, the Reading
company's share being 40 per cent;
Lehigh, 10; Lackawanna, IL; Delaware
and Hudson, 10; Pennsylvania Railroad
company, o.; Pennsylvania Coal company,
a, and the Erie, 1, but the Pennsylvania
Railroad company hos not yet agreed to
this plan.
last evening that very largo German
clothing house on upper Broadway had
failed for 81 200, 900, and the name of tho
concern was freely stated, but this morn
ing's papers said nothing.
Morgan continues bull on the stua-
ton and believes stock purchase on oil
reactions.
Cammack had long chat with Wander
bilt last night. Cammack remains very
bearish on stocks and believes in very
much lower prices.
Tho bear leadera admit that they are
doing more than for some time past, and
say the success Of the corn crop has been
fully discounted.
The selling of Jersey Central is gener-
orally attributed to Vanderbilt.
A Boston dispatch says: THE Tran
script says Charles Francis Adams's report
on the Union Pacific shows that outside
of this system the company has invest
ments which last year brought an income
of $4,000.
A Chicago special says: "rho feeling
among western railroad officials here Is
gloomy regarding pool matters"
A Chicago dispatch says: "The market
is strong for corn under sharp covering
demand, and the buying for long account
is particularly active and advancing.
Wheat has moro friends. The foreign
advices are more encouraging"
The application before Judge Donohue
for q receiver of the Bankers and Mer-
chants Telegraph company is expected to
be decided to-day. isau
Director Roberts, of the Postal Tele-
graph company, says: "The appointment
of q receiver for the Bankers and Mer-
chadts' Telegraph company will be the
best thing that could be done, and will
enable them to settle and reorganize on q
sound basis in q few weeks. The Postal
is working in entire harmony"
A Philadelphia dispatch says: "Tht
short interest in the general market here
is smaller than ut any time in siz
month, consequently large sums of money
are seeking investment"
1t is rumored on the street that the
weakness In st. Paul is due to a lack o.
harmony among the st. Paul directors re
garding the declaration of the usua
dividend on the stock. 1t is understood
that three directors will resign if the 81
per cent. divided is declared, and will
publish the reasons for such action
Nevertheless the dividend declared.
In Delaware and Hudson Johnes biz
the stock up and Brandon bought
Wheeler's Bros, sold most Northwestern
The very heavy buying of Lackawani
during the last hour by Bateman checked
the declines anu Caubeu III auNAuCo VI
to on the general list.
The trading in the st. Paul is Target,
leased on the probable dividend to b
announced this evening. The bear
claim the stock would go down on
dividend, but the short interest is exten
sive and the friends Of the company viii
buy it on Z per cent. basis. Jersey Cen
trail is largely oversold and is uncomfor
table to the shorts.
The market opened with general dc
cline of / to 4, the Vanderbilts an
Changers weakest. The bears hammere
st. Paul vigorously upon reports tina
several directors would resign If the divi
dend was 81, and would publish thei
reasons for such action. Northwest sol
down upon unfavorable reports from th
west regarding the threatened rate wal
The bears had the control until moor
when heavy buying of Lackawann
steadied the market and reaction fo
lowed, and prices soon gained I to l.
Lackawanna leading the advance.
In order to silence the bears bid {
1884 was made for the st. Paul dividen
on 10000 shares. Upon this the markt
held fairly steady, but the trading VIZ
dull till the 2:15 deliveries Then price
declined fractionally, supporting order
rallied stocks, and when the st. PAT
dividend Of 81 was officially declare
(about 2:30 o'clock the whole list I'D
vanced and the closing tone was strong
nearly the best prices of the day. I'll
trading is mainly professional. Beyon
the st. Paul dividend, the news WI
featureless.
Bonds inactive and irregular. Err
seconds / higher, West Shores / lowe
others unchanged. Sterling exchans
more active; inquiry rates, 4S3@4S
Money, IL.
Quotations Of Fridays Sto ok Sales.
The following have been furnished by Bat
man d Co., bankers, l411 street. being I'll
most actiyt'stOcks In tho New York exchange:
org. HIGH Lou. ca. Sole