National Republican. (Washington City (D.C.)) 1872-1888, 1884-10-30
THE MARKETS.


Reports Of Further Complication In New York
Central aud Observation-Disclosures viii RcVite
next Weck--Ef'ccts Of the Grand Parade.
NEW YoGK oct 2p.--The largest bull trad.
ors aud their following orc awaiting the result
Of the election. Tho Morgan.Whtc ana tho
Bloodgood party seem agreed on tho point
Tho large room traders KirEncr aud others,
expect no business Of importance this week.
Brokers sny New York Central and the Wander
bit stocks were manipulated and raided yes.
tcrday by Wourlshofor, but Conner took part
IN II too. aud could Is known TO be bcHrish on
this stock lie says that no expects to see
Union Pacific to 20 higher than New Yurl;
Central next year, aud Wncrishotlcr declare
New York Central has paid It's last dividend
and Will 20 below Lake Shore. which Is the
better property Of the two
Prominent traders remark that the comparn.
tive strength Of the Changers and the trmncss
Of which Is quite noticeable. They generally
say there is no money In selling these stocks
shnrl
Many think that FIT were not for the snticl.
pnlcd disturbances connected with the pollti.
cal contest the grangers would advance
sharply.
Morgan says that when tho current fairy
sets In the general advance will b. toto Is points
and Il is inevitable. II IL reported that n very
| large amount of Western Union stock has been
[ picked up by strong parties within day or
two aud soulter & Co. has been buying tho
| market
| prominent executive officer ofa Wander.
/ bit road who is q large owner personally NJ
/ Reading stock, said last night that he sold a
| portion ri his holdings when he found Van.
derbiit had thrown over part of bis stock =
/ months ago, and he would never buy u back,
/ lie said Vanderbilt admitted he had been
/ greatly deceived by Interpretations regard.
| ing It's earning capacity, and determined never
/ TO throw good money after bad.
II Is announced this morning that the Read.
l ing road Is In fresh trouble, aud Vanderbilt
/ has refused ~ defend the constantly multiply.
ing suits. The holders OF s3,5OOQJO Of script
nave applied to the courts to-day for an order
| permitting tho income bonds held as security
therefor to be sold at auction.
The betting ON the election In New York
| state last night was about even, but on the
general result the Blaine men offered odds OF
| VI 900 to $50.
Rlnors are current Of bronx In the coal
combination, but this IL denied by officials of
! the companies interested.
. special Philadelphia dispatch says Mr., II
| ". Gowcn was unanimously appointed a com.
mIttcc 70 formulate a plan for reorganization
! Of the Reading subject to the approval of the
There was large attendance In the stock
| board to-day, and the tendency has been to-
| ward rally; but Willard Is filling up the mar
/ ket with New York Central, supposed for Cam.
! mack, aud that hurts the market II Is be.
| licved that a very large amount OF long New
| York Central stock was sold this morning
Woerlshocier guaranteed 9, friend on 1000
A Philadelphia dispatch says sales of 10000
| tons OF steel rails Is Just announced at S27 and
! large lots are Offering probably lower. The
| three weeks suspension of mining has not yet
/ benefited the coal trade.
| A prominent Broadway commission house
says New York Central has declined n confer.
ence to settle existing troubles, which accounts
| for the weakness OF the stock.
New York Central Ia the only feature In the
market. III. X. Enos Il Co. and Randall &
W!eram have been the principal sellers. Main
| buying scattering and shorts. 1t Is rumored
IN the board that the holdings OF prominent
| director have been marketed to-day.
| The Erening Post confirms the report that
the negotiations between the New York Con.
| ttal and West Shore have been dropped, and
the war will continue. In the afternoon hardly
anything was done, and the limited trans.
actions showed indications of hardening prices.
| The tone at the closing was quite firm, except
for the Vanderbilts. We look for higher prices
tomorrow on the reactions Bonds and ster.
ling exchange are dull and steady: money ~
The grand parade excitement paralized busi.
ness In the afternoon.
Quotations Of Wednesdays Stock Sales.
Tho following have been furnished by Bate
| man " Co, bankers, 14ll + street, being the
most active stocks In the New York eHchangei