National Republican., 1884-02-28
THE MONEY MARKET.
What the Bulls and Bears Of Wall Street Did
Yesterday.
A Weak Market, with the Bears Selling
a Good Many Stocks.
Specidi Dfspdich.


been weak and Northwest perhaps the weak
est stock. Tho rumor Of rates trouble west
of Chicago was used by boars to depress
stocks, but these reports wore denied fatty by
the roads interested. The bears appeared to
be FREQ sellers of the list all day, and tho
principal trading was in Northwest st. Paul,
Delaware and Lackawanna, Reading, Union
Pacific, and Pacific Mail, Oregon Transcon-
tinental Centra Pacific, and Northern Pacific
preferred were fairly strong.
Fair borrowing demand for stocks at un-
changed rates.
Bonds were strong.
The general opinion at closing was that tho
bears sold good many stocks and a good
deal of long stock came out from weak
holders.
IL is generally believed now that the great
sale of Iackawanna last Monday was for
account of Woerishoefor, Smith, and Cam
mack people, and this party insists that the
stock market has now turned downward Tor
good and the highest prices have been seen
for this season. Other bears are not SO con-
fdent and admit IL will take several uays 10
determine this matter.
The large sales OF Northwestern yesterday
were for the Vanderbilt people, the bears
insist because Webb & Co. and Freeman were
givenu pom the sales In afternoon comparisons
But tho best traders in the market say 1t Is
very dangerous to sell Northwest short be-
cause the capital stock is so small and it is
easily cornered. There is n general belief
that the "Gilt Edge" pool sold good many
stocks last week about the time when prices
halted, but they were not selling yesterday,
and conservative brokers said tho parties
who sold the most stocks yesterday afternoon
were not generally good people to follow.
do, hnt hn hnyg
ably sold a few stocks but the market would
be higher all around before Saturday night.
Room traders and the street is very bear
ish, and the loudest and most active broker
in tho board of the bears yesterday and who
raidcd everything toward the close was up
to see Cammack last evening, and predicting
so for st. Paul and 10 for Northwest. Con-
servatives look for o better market this after
noon or tomorrow. Recent manipulation of
Lackawanna they say, hurt the bull move
ment more than anything the past month.
Mr.. w. ii. Brown says he Is requesting tho
signatures of the Ohio Central bondholders
to paper Tor the appointment of commit
tee of conference with the bondholders' COM
mittee of the river division in order to decide
on the best plan for settling the differences
and reorganization.
1t is announced positively that Gould
leaves for three weeks trip to the south.
west, returning via Floridai probably VIII
start SATURDAY. upon IHlo HoWS bho bS6Lh
are selling the market but Gould's friends
say he will have ono hand on the wires during
his absence and protect the market, and that
there is really nothing tangible to sell stocks
short on.
Sykes, of Northwest company, says the
Northwest directors yesterday authorized
execution Of the tripartite agreement by the
Northwest company. Presidents Keep and
Hughill were at the meeting.
The selling of the market this morning has
been on Chicago dispatches that rates west OF
Chicago are demoralized, and it is not cleai
from the dispatches whether Rock Island oi
Chicago, Burlington and Quincy arc doing
the cutting.
The bulls in the board say there are five
times the amount of short stock sold thar
there is of long stock to-day. Brayton I've
picked up good deal of lake Shore up Il
noon. O'Brion bought 5000 Lackawann ma
Louis Bell sold 1000 Western Union, sup
posed for the new pool of room traders
1t is reported that Cammack is going t.
Florida tonight, and has no present interes
in the stock market.
The Wabash earnings third week fully show
increase of $2i, sos.
Chicago dispatches report fair line of coun
try buying orders.
The officers of the Chicago, Burlington an(
Quincy say there is no truth in the report o
rate cutting between Chicago ana Omaha, ant
the officers of st. Paul said they knew OF N
cut rates on Minneapolis business. The Rocl
Island people don't hear of any rate war
either. ..
Sales of stocks to-day aggregated 4O6,3o
shares, including the following: Central Pa
cifc, 1850; Delaware. Lackawanna ant
Western, $500; Erie, 23,7OOj Lake Shore
1920; Missouri Pacific, 1885, Northwestern
100000 New York Central, 4,500; Pacific Mai
1880; Reading, 24,40O; st. Paul, 6O,74O
Texas Pacific, 1900; Union Pacific, As,
Western Union, 19,0s5; Oregon Transconti
mental, 1s,5OO; Northern Pacific preferred
7,470.
STOCKS.
Following are opening and closing prices Q
principal stocks, as corrected by special wir
reports received by Bateman & Co., banker:
40 II ,t,a.t