National Republican. (Washington City (D.C.)) 1872-1888, 1884-01-09
THE MARKETS.
The Big Fish Spreading Their Nets for the
COnfiding Public.
Rumors and Counter Rumors-A Flood
OF Small Gossip.


SDectnE DisDdtch'
New YORK, Jan. S-Private Chicago dis
patches say the tripartite roads have met tho
cut made by the Chicago, Burlington and
Quincy on live stock and the war has begun.
Woerishoeffer's brokers are putting out
tho seller 80 options in Union Pacific
about q below the regular price, About
10000 shares have been offered
The wheat market is panicky. There have
been 25s,O00 bushels No. 2 wheat just posted
as out of condition, in addition 10 1000
bushels posted yesterday. The wheat to-day
is In Hazeltnes stores.
President Hatch, of the stock exchange,
says he learned from prominent directors Of
the bank of tho Republic that the bank
would have clear SURPLUS of S10O,00O
tHThe Chicago, Burlington and Quincy
freight department this morning adj
dressed an official letter to all promi-
nent Chicago and western shippers
telling them that Nebraska and Colorado
railroads by, the Chicago, burlington and
Quincy will be as low IL not lower than any
other line. Later in the day the Chicago,
Burlington and Quincy cut off 10 per cent. on
cattle shipments to the junction points on the
Union Pacific road.
The decision Of the supreme court in the
case of Smith VS.. Greeuhowis considered very
worry favorable to Virginia bond and coupon
United States circuit court Judge Bond)
which court has already decided that it is
only necessary to tender coupons, and If re-
fused, the taxpayer having performed his
whole duty, his property will be protected by
the court.
Fink's reduction in frcights has shown
that some of the Vanderbilt lines were caught
cutting rates, which accounted for their large
tonnage
The Windsor bear crowd were in high glec
last night owing to the Bank Of the Republic
matter which was greatly exagge rated for
effect upon todays market. Mr.. Wilcox,
well-known operator upon the street, also
director of this bank, said 1t would not lose u
dollar through the Endorsements of President
Ford and the cashier, who both resigned. The
bank examiner went through the books last
week, pronounced the finances all sound, and
surplus of at least go per cent 1t appears
that the bank advanced 80 per cent. upon
$500, 900 loan secured by bonds Of the Clevc.
land, Youngstown and Pittsburg railroad
company, of which Ford was president. These
bonds sell at so and 80, and just paid January
interest Ford's family is very wealth. and
any deficiency will be made good.
The leading Windsor bear declared this
bank had lost 81 100000, and his following
were talking the stock market down upon D
heavy cut in passenger rates by quarrclling
Iowa pool roads,
Gould, Hutchinson. Sage. aud followers
have continued very bullish all day upon the
general market and are buying continuously.
Gould is in high spirits, and bought 10000
Union Pacific yesterday, and ordered the
stock to be closed; IA bid
The market closed dull and irregular, with
but little signs of any bull market.
Sales to-day aggregated 327,2Sl shares, in
Guiding Delaware, Lackawanna and Western
3740O; Erie, 14,s00; Lake Shore, 26,2l0; Lou
isville and Nashville, 300; Missouri Pacific
l31lO. Mpmnhis and Charlesto on 400. North.
western, 6,000; Reading, $50; st. Paul. 80
$50; Union Pacific, II, SD4; Western Union
7,410; Oregon Transcontinental, $500; North.
ern Pacific preferred, 1862. .
STOCKS.
The following are the opening, highest
lowest, and closing prices Of Sth9' principal
stocks for the day, as corrected by special wire
reports received by Bateman & Co.; bankers
No. 1411 L street northwest: