National Republican. (Washington City (D.C.)) 1872-1888, 1884-11-14
TIE MARKETS.
Facts and Fancles That Influenced Prices In
Wall Street Yesterday Trading In Chieago
and Baltimore.

thcls ANA Fhneles That Influenced Prices In
Wall Street Yesterday Trading In Chie.go
and Baltimore.
NEW NorK, Nov. lathe Pennsylvania
company deny having cut the rate to s. to
Chicago, Chicago adyices this morning said
the west aud southwest roads were getting
tired OF the contention on freight rates, and
harmony may cnsue ut any moment
Seyerul leading conservative stOckhouscs nd.
vised customers last night that the market
closed reasonably strong, and they believed
thut the general Indications were favorable for
q higher range Of prices during the remainder
Of the week, aud that there wore n good many
securities which they now regarded AS n safe
purchase.
There was some anxiety to know what the
result OF the trunk line presidents meeting to-
day would be, but II was generally believed
that the rates for frclghts would be restored.
The bulls on the market claim that The war
of the railroads, aud the light traffic and travel
are already more than discounted IN the low
prices already prevailing; The pool IN Della.
advance the stock this week, aud strong parties
are buying Lake shore. Chaplin ~ 60. bought
very heavily Of Lake Shore yesterday. and II
Is promised TO be ono of the bulls cards.
Some of the people thought the weakness In
g. Paul was the result of manipulation for the
purpose Of buying northwest
II is snid TINT Morgan sold out his St. Paul
stock OH Monday, not liking It's ncton, but he
| is big bill ON Northwest Union Pacific,
Western Union and Pacific Mail. Iir tells his
friends that ho would not by any railroad
stocks east of Chicago,
The Cammack .WOcrishofer. Smith party
were in conference at the Windsor last hight,
aud were as bearish a3 ever. Canmack said
that none Of the railroads were doing business
enough to pay expenses, and WOcrishOiler said
the West shore company had 1900 Ecmpy
freight cars lying idO In Chicago, not being
able to get frclghts for New York at paying
prices. lie had heard the Michigan Central
had tai iFt fstNf In
pittsburg railways Is accused Of transporting
iron ore to Chicago for ~ cents per hundred
weight aud the Pennsylvania Central road
has entered protest against 1t nj the meeting
now in session here. This rate docs not pay
for loading and unloading.
Secretary Knox, of Jersey Central, says I:
Rending has until Dec; to furnish money
for the payment of It's dividend. The jersey
Central has no knowledge of Readings linton.
tiOns In the matter, and II Is not necessary that
II should have. The statement that II is pretty
certain that the Reading company will default
OF the interest on general mortgage bonds,
Jan. /, 1885 is not officially authorized"
The Philadelphia Record says that as the
Reading directors have concluded the guar.
antecd Jersey dividend could not DO paid, the
stockholders. OF the Jersey Central must now
take action, but the lease will probably not be
| broken. The Lttiger says much trouble Is likely
to grow out of this matter.
The bunk of Montreal thinks that no more
gold will be imported at present, owing to high
rates of interest In London.
Chicago dispatch says: Business men in
general here look for an improvement after
jan. ]. The belief OF many good Judges Is that
the liquidation is about over, and majority
of weak holders have been weeded out"
Foreign bankers say that the advance in
sterling exchange to-day will probably tenn
porariiy stop the fow of specie this way; be.
| side, money ia In good demand in London,
| outside the bank, at Az per cent
| A Philadelphia telegram says that some oil
the Jersey Central stockholders propose an ap.
plicaton. 10 the courts to compel the Reading
| receivers to observe the terms Of the lease aud
| pay the dividend but the Reading creditors
! Tho advance In East Tennessee, Virginia, and
| Georgia iirsis Is said to be due to the fact
that arrangements have been perfected to
| meet the interest: Numerous selling orders
which wore in the mGrkotahave been can
celcd aud the price was bid up per cent, Oh
| transactions of about $4,000. officials OF the
company here have received no advice re.
gdrding the election, but II is believed that
general ThomasB resignation has been nc
| Cepted
\ London dispatch says sterling bullion
was again purchased In the open market from
Holland for shipment to America"
Some of the Reading people think thai
company will offer to pay the Jersey Central ;
per cent for three and per cent for -four
years Instead OF the present guaranteed divi-
dend.
1t is reported that 1900 shares of Lake
Shore stock has been cut up within the pnst
month and shipped to Europe. II is generally
believed in the board that Vanderbilt aud hi.
following have recently been buyers of LAX,
Shore stock The Gould people are inclined
to be bullish on New York Central at present
figures.
a prominent grain house has French cable
gram that Premier Ferry has decided to place
Il moderate tax on foreign cereals for the as
sumed purpose of protecting French farmers
but IL is thought thut n powerful syndicate q
bulls on wheat are really at the bottom of tn
movement
Quotations or Thursdays Stock Sales.
The following bayp bnpn iuruiahnl he nat a