National Republican. (Washington City (D.C.)) 1872-1888, 1884-02-01
THE MARKETS.
A Sharp Squeeze in Louisville and Nashville
Stock.
Vanderbilt and Gould InduIging I'm Loud
Bull Talk.
SDecidt DisDatch.

Special DisDatch.
NEW York, Jan. 31.--The market opened
strong and advanced sharply. There was
squeeze in Louisville and Nashville. Brokers
called in the stock. IL loaned for 8, and n
great deal of covering followed. 1t opened
at All and advanced to Ava cash. This put
up the entire market until 1870, when q re-
action of per cent set in.
The Vanderbilt brokers bid up Northern
and Gould brokers put up Western Union.
Delaware, Lackawanna and Western was
strong all day. The principal business was
in st. Paul, Oregon Unconstitutional,
Western Union, and Louisville and Nash
vilo.
The bond market was strong, led by
Northern Pacific, West Shore, and South
western issues. After 2 o'clock further re-
action set in, based on the big failure in Lon
don.
At 2.30 tho market was lower on free real
Ring, and it closed weak at nearly the lowest
figures of the day.
Brokers say Slayback, Kirkner, and Bell
have sold their large long holdings, and some
of this party sold short whom they saw Wes-
tern Union advance on the argument that
the rise was sure sign. Gould was selling
the remainder of market, but this was only
guess.
Gould's people talk extremely bullish on
Western Union, Union Pacific, Missouri Pa
citc, and Texas, and especially upon We5-
tern Union, which they expect will lead again
in the market. They strongly intimated
something surprisingly favorable will develop
shortly regarding Western Union, and stock
will be much higher.
Telegraphers believe this means consoli-
dation with the Baltimore and Ohio, and that
those companies are practically one now.
Careful brokers, who execute orders for big
trades, say they bought largely of Wander
bilt stocks yesterday and they are good pur-
chase. Conservative traders advise buying
on every reaction, and say that present adj
vance will be maintained.
The new West Shore loan made yesterday
was only $25O,0O0, all that is required now.
1t is rumored in the board that the Balti-
more and Ohio party sold Western Union
shorts on the acquisition by them Of tho
National telegraph lines, and this short
interest is being squeezed,
A Philadelphia dispatch says limitations
are that Reading is being bought by bull
clique. The report is current that late
movement in Oregon Transcontinental assets
means ultimate control Of tho Northern
Pacific road and Oregon Navigation by Union
Pacific.
The board rumor about the Louisville and
Nashville squeeze is that the bears expected
to deliver stock to-day en- route from London,
but the steamer was delayed, and Lee, Ryan
& Co. and other Louisville and Nashville
houses called in the stock. Barton, Mines 81
Davis are the biggest buyers of Northwestern.
The failure of J. w. Thomas, of London, is
announced. Liabilities S4,O0OOO0.
Sales of stocks to-day aggregated 3Sl, 1854
shares including Delaware, Lackawanna and
Western, 39,730; Erie, 7,200 Lake Shore, 49,
O60 Louisville and Nashville, $4,000; Mis-
souri, Pacific, $3.50; Northwestern, l2,235
Pacific Mail, 7075; Reading, 1O,500; Texas
Pacific 10000; st. Paul, 5000; Union Pacific,
Wagtnrp Int
continental, 1870; Northern Pacific pre-
ferred, 16,6O3 Canadian Pacific, 6,6OO.
STOCKS
The following are the opening, highest
lowest, and closing prices of the principal
stocks for the day, as corrected by special wire
reports received by Bateman g. Co., bankers,
No. 1411 f street northwest: