National Republican., 1884-12-06
STOCK AND GRAIN MARKETS.

A Dull Day I'm Wall street-A Rumor
that the Baltimore and Ohio win
Lease Jersey Contrai-ChiOago and
baltimore Quotations.
NEW YORK, Dec. 5.--Most traders bo-
iieved the immediate manipulation points
to higher market. The best obtainable
information Is that tho general railway
situation continues as about unsettled
and unsatisfactory as ever, but this has
ceased to have any effect on prices. The
trunk line presidents, who met again
yesterday, adjourned until next week,
and Mccullough and other Ponnsylvania
railroad people wont homo. II 10 said
that tho Coke pool is causing the Penn
eylvania road trouble. The Michigan
Central Is accused with taking frieghts
from tho Detroit, Toledo, and Canada
Southern (the narrow gauge lino) at
rates 4 to @ cents below tho tariff rates,
and this makes trouble In the st. Louis
pool. Chicago dispatches also say tho
Ohio river lines eastward are cutting fares
81 to SO to Cincinnati, Louisville, and In
dianapolis, but the Missouri river lines
still keep up rates.
Tho brokers in the board estimate that
the street bought more than $4,000 shares
the opinion Is IL is going up soon but
there is no short interest in 1t. The
Standard oil people have been buying
none Of this stock lately. They did buy
q batch of il for investment at higher
PRICES when Astor entered the directory.
1t is said tho Gould people are not very
bullish at present, but they deny selling
anything.
Many people anticipated worry strong,
active market to-day and brokers report
railroad bond market on dividend payers
has gone wild" The advance in Erie
seconds and stock yesterday was partly
on rumor that the road had raised the
100000 in London. Good houses say
Erie is going up. The Pacific mail bulls
say 1t is going to 60 by the holidays. Its
business is enormous now.
Points were thick last night to buy st.
Paul for S3 to-day and Lake Shore Monday
sor rise Of points.
Railroad earnings: Omaha, fourth week
IN November, decrease 200, and for
che month decreased $44,300.
The feature of the market was Jersey
Central. Tho lease is likely to be trans
to the Baltimore and Ohio. accord
ingtto street rumors. Gold Is going into
the subtreasury from Canada fast.
A Boston special says IL is rumored that
the American Telephone company will
double Its capital stock. 1t Is now quoted
at 259 to ].
The West Shores statement for the
month of September shows: Freight
earnings, $211, 1852; passenger earnings.
$152,691; miscellaneous, $71. .175; total
gross earnings, 34,0l0; net, $90,S19.
The market opened fairly stoady, the
Goulds specialties, Jersey Central, with
other coal stocks as the feature. Prices
gradually improved under the lead
of the Union Pacific and Lake Shore
There was good buying Of Jersey Central
for Philadelphia account. Tho Rrangers
were rather weak. Most of the mornings
trade was done in the first hour, and by
noon, on sales of 100000 shares, there
were slight advances over tho opening
quotations.
About o'clock Jersey Central began a
rapid advance, and ran to AZ 12 above
the opening) on reports that tho Balti
moro and Ohio railroad were trying Il
obtain lease to enter Jersey City indie
pendent of the Pennsylvania Centra
roads track. Jersey Central held the
advance stoutly, but other stocks dropped
and declined steadily until the closing
which showed the lowest prices of the
day. Union Pacific showed considerable
strength in the last half hour. Tho tone
in closing transactions indicated q dull
market tomorrow, with lower range O
prices. There was hardly an item o
nows to-day, excepting tho Jersey Centra
rumor.
Quotations OF Fridays Stock Sales.
The following have been furnished by Bate