National Republican., 1884-03-29
RdE MARKETS.
Buyers Lying Low and Quietly ScoOping in
Good Stocks.
Interview with Jay Gould on Finan-
cioI and Other Topics.
vpscidi Dispdich.

New YoRK, March 2S.-We learn from
good authority that during Gould's absence
most of his speculative holdings were sold.
Yesterday W. +. Conner & Co. were reported
to have distributed scaled buying orders and
on q sufficiently small scale to sustain tho
market. Vanderbilt brokers also reported
as buying orders.
Johnos and other traders sold many stocks
yesterday. The Union Pacific pool bought
stocks and has large buying orders unexe-
cuted The Millbank party have been large
buyers of st. Paul, and said tho stock would
have a good rise. Tho Osborn party gave
points to buy Lackawanna at 1881
Parties usually wcll informed on Oregon
Transcontinental say that stock will bo
made active and higher. Several bears cor
nered Oregon Transcontinental and have
gone long. 1t was conceded Yesterdays do
cline was manipulated one. Hamilton u
Connor gave selling orders in Union Pacific
and Reading and themselves offered stock
without special regard for prices. Work,
Strong & Co. have been buying general mar
ket the past three days on scaled orders
1t is understood that the arrangement be-
tween Union Pacific and Chicago Burlington
and qhincy will be concluded next week,
with concessions to Chicago, Burlington and
Quincy.
The Boston Transcript says that experts
sent to Oregon by the new management of
the Oregon Navigation company have not
found anything to praise in Willards man
ngement, and, further, that the earnings of
company have fallen off because business in
Oregon is stagnant
Insiders in Pacific Mail say the dividend
will be declared in about three weeks.
The total gold actually engaged to go on
the Oregon tomorrow is S750,000 up to noon
to-day.
1t Is stated that the Lake Shore company
earned for the quarter just ended per cent.
on the stock.
General freight agents at Chicago state
that no grain contracts are being made at the
10 cent rate.
Lackawanna declared regular per cont.
quarterly dividend to-day. 1t is payable
April 81 books close April 2.
The market presents an appearance of bo-
ing lot alone purposely, and looks as If tho
buying was being done on the quiet. 1t is
understood that tho bull pool in Union Pacific
has been scooping up stock, and have orders
to buy in the market 1t is believed that the
Vanderbilt specialties are being bought.
Green & Batoman's cotton special says:
"At the opening the buying was general.
Outside orders were bullish, and nearly all
buying for long account. One broker had
buying orders from five states Some bulls
sold for reaction, and thus broke the mar
ket about five points before the second call,
but an advance set in, and, on better Liver
pool cables. the recovery was rapid. Notices
were evidently stopped and several were
recalled. Bets have been made that August
will sell at IL cents tomorrow. Germans are
very bullish, but there is a small and deter
mined clique of bears fighting the advance"
The interior receipts are estimated at
10000, about the same as last week, high
prices evidently bringing out cotton, and the
exhaustion consequently will show more
within the next two weeks.
II we have O strong or bouysnt Liverpool
market tomorrow and New York opens
higher, we should advise selling and realize
profits, as the breaks may be considerable,
but only to advance again.
The market opened dull and uninteresting,
but was firm up to noon, when traders and
brokers for old bears sold Lackawanna' and
Western Union, producing moro or less weak
ness in the entire list. Northern Pacifcs
were very strong all day. The declaration
of2 per cent dividends on Lake Shore and
Lackawanna did not seem to affect the
market at all. In the afternoon trading in
Western Union, Lackawanua, and Reading
were weak, and other stocks were strong, but
the trading was very slow and featureless
Jay Gould says matters in Cuba are deplora-
BILE; that the country is taxed to tho verge Of
ruin; that If the Spanish government does
not furnish some relief to the people absolute
ruin is impending there.
Mr.. Gould thinks there is o largo party in
Cuba who iavors annexation to the United
States, but he is of the opinion that it would
not be to our advantage He is in favor of a
reciprocity treaty with Cuba similar to that
with Mexico, and thinks it would be mu-
tuslly beneficial.
In speaking of the south Mr.. Gould saws
that country has vastly improved in all
respects, and particularly the state of Florida.
That state is full of northern men and north
ern capital and enterprise, which are workin &
out astonishing results in developing the
country, and the presence of northern men
tends to harmonize the people Of tho two
sections and wipe out whatever bitterness
may have been left by the war. Tho orange
and lumber products are assuming very large
proportions. Railroads are being rapidly
extended, which will enable merchants to
ship these products to northern markets.
Mr.. Gould expresses himself as we'll salts
fed with the condition of the stock mark ct,
and is ready to turn an honest penny when
ever he sees a chance. Ho thinks the causes
of the present depression are over-trading in
the past and consequent reaction, and the
agitation of the tariff question by congress,
the latter, in his opinion, being the principal
one; and that there will be more or less de-
preston until some settled policy is agreed
upon. He thinks, however, that the market
Will soon improve; but it will be gradual and
healthy. Thcre is demand for bonds for
Investment, which will continue and cause
an advance in price as the bonds grow
scarcer. The government will issue no more
and the price must appreciate in the natural
come more extended and the business of tho
roads increases, stocks will advance in value.
MIR. Gould Is strongly opposed to free trade.
He thinks that If the free traders should
secure the legislation they desire the effect
would be disastrous both to the laborng
classes and manufacturing establishments in
this country; that many of the latter would
have to suspend operations altogether. He
does not think the tariff question will form
the principal issue in the coming presidential
campaign. He says the democrats cannot
afford to make that the ISSUE 1t would
divide tho party and result in defeat There
are too many voters in this country engaged
in manufactures for free trade ever to have n
majority. lie thinks the Morrison tariff
bill will not become law, and that it would
be of no benefit if il did
Sales of stocks to-day aggregate COS, Asa
shares, including Delaware, Lacliawanna and
Western, 53,4O0; Erie, 160OO Missouri Pa
ci1c, $500; Pacific Mail, $500; Reading, 81,
$40; st. Paul. 1O03O Union Pacific, 1920
Western Union, l5,lO0 Oregon Transconti.
mental, $4,000; Northern Pacific preferred,
10,O20,