National Republican. (Washington City (D.C.)) 1872-1888, 1884-01-04
THE MARKETS.
A More Than Ordinarily Interesting Budget
Of Gossip.
Tho Bears and the Bulls Doing Polite
and Quiet Rcnding.
Specfdl Dispatch.

Special Dispatch.
New YORK, Jan. 3.-Tho market opened
strong but shortly became dull and then
dropping increasing in weakness as tho day
advanced on the reported failure to harmonic
Chicago, Burlington and Quincy differences
with allied roads. The decreased earnings In
st. Paul stocks later in the day armed the
bears with fresh argument for decline.
Toward the close Decker, Howell u Co.
rallied tho market on an advance In Northern
Pacific stocks, making tho best figures of the
day at closing in the general market
Brokers generally ascribed firmness yestcr-
day afternoon to the favorable tenor of west
ern news relative to adjusting the differences
between Chicago, Burlington and Quincy and
the allied lines, but this mornings advices
shed no new light upon the subject except
that the Chicago, Burlington and Quincy and
tho Union Pacific are already at loggerheads,
and tho former has begun TO invade tho
Union Paciflc's territory into Nebraska above
the Platte river.
The best houses look for further advance,
drging that the elements are certainly present
for considerable appreciation in values, but
chey expect no great immediate rise, only
they caution against short sales.
Several Of tho largest oldt-ime commission
concerns report q steady absorption of stocks
in fractional amounts and they believe these
purchases takclfrom the street quantity that
in tho aggregate will be considerable and
ultimately will iavorably affect the market.
j. & w. Seligman report their foreign ad-
vic are now much brighter, and Americans
arc in better demand in London.
Private advices from Philadelphia say
Gen. Porter and Winslow are dickering for
a sale of their interest in the West Shore to
the Pennsylvania Central. 1t is understood
the Pennsylvania Central would buy out this
interest and build branch connection if they
were sure Vanderbilt would not get control
of the West Shore.
IL is reported by parties on very intima te
terms with Willard that he lost all his money
and will make an assignment to his creditors
u covering everything.
director of the Delaware, Lackswanna
Md Western said last evening that sam
ban would not staYd much more dictation
Eom Commissioner Fiuk, and if Fink cuts oil
Yhis western connections the Lackawanna
would soon mako a 50 rate to Buffalo, and
this would result in establishing n $13 rate
for first class fare to Chicago Sloan and Fink
are decidedly at sword points, and the late
percentage revision by Adams and Gault ar,
not satisfactory to tho Erie and New Yorl
Central.
Vanderbilt, in an interview, says he sym
pathized with Willard because he is down, bu
that he has declined proposition to sub
scribe $4,OOO,OOO for his relief
s-Chicago advices report good buying on thu
whole market.
Tbi Naynings of the Missouri Pacific, in
clud Iron Mountain, for 1883 nre esti
ma 1t IL per cent. on stock; earnings fol
fol pnths have been about 8 per cent
IA nd and Danville earnings for Decem
" show large increase. Union Pacific
~ York Central areprincipal stocks il
in loan room.
resident Sykes, of the Northwestern
ay, says: 81 look for a dull periot
o Northwestern. Our business is not n,
10 rs last year, l expect the earnings o.
ger roads to show falling off for time
Rheavy snow retards business"
les to-day aggregated 2S6,1SS shares, in
ing Delaware. Lackawanna and Western
300; Lake Shore. 25,700; Louisville an
Nashville, 1850; Missouri Pacific, 1880
Memphis and Charleston, 500; Northwestern
1900; New Jersey Central. $500; New Yor
Central, $3.50; Reading, 14,100 st. Paul, 81
1900; Union Pacific, 46,ii0; Western Unto,
, $685.; Oregon Transcontinental. $4,000
Northern Pacific preferred, 15,067 Canada
Pacific, $500.
STOCKS.
The following are the opening, highes
lowest, and closing prices of the principi
stocks for the day, as corrected by special VIII
reports received by Bateman & Co., banker
No. 14ll i street northwest: