National Republican., 1884-02-27
THE MONEY MARKET.
An Active and Stronger Opening But the
Closing Was Rather Weak.
Improved Borrowing Demand But No
Heavy Selling OF Any Stock.
Special Dispdtch.

Delaware, Lackawanna and Western, Union
Pacific, and Pacific Mail. Then there was
reaction and prices were steady, but trading
tapered off gradually until it was very dull
and simIly traders scalping for fractions
market
Oregon Transcontinental and the Gould
stocks were quiet and strong. Central Pacific
was weak under selling by traders
There was an improved borrowing demand,
but no heavy selling Of any stock. Tho bond
market showed no features.
The bulk of to-day's trading was in Della
ware, Lackawanna and Western Reading,
and Pacific Mail. The market closed rather
weak under traders offerings.
The leading bears last night circulated the
story that the big sale of Delaware, Lacka-
wanna and Western yesterday was long stock
from Moses Taylor estate, but brokers ridi-
culed this.
Smith said Lackawanna was mot traded for
in his account.
Goulds friends say tho operation was for
the purpose Of making the rest of the market
more active and to induce fresh short in.
forests. They claim the general list will all
be higher tomorrow or Thursday, and
Western Union, Northern Pacific preferred,
and Oregon Transootinental will load tho ad-
vance.
Strong points to buy Northwestern for 1891
and to buy Pacific Mail are reported.
The traders are somewhat bearsh, and say
prices were bid up at the closing to sell upon
this morning. They are more bearish on
coal shares than others, and coal men say
prices will have 10 cents more decline here,
and about 30 cents below month ago.
1t is reported that tho Western Union COM
pany has printed new tariffs, to take effect
March 1, and rates TO be one-third lower to
all western states.
st. Paul directors talk of holding their cash
dividend meeting tomorrow.
People intimate with the Gould.Sage party
say look out for considerable advance in
Texas Pacific.
1t is stated on excellent authority that Mr..
Gould did not sell share of Delaware, Lack
awanna, and Western yesterday. Vanderbilt
brokers say Lake Shore and Northwestern
will do to buy to-day for turn. Pacific
mail Is said to BIO a purchase on every reac-
tion.
Loaning rates-New York Central North
Pacific preferred flat, to 1-6i; Reading fat,
to 1; Northwestern and Oregon Transconti-
mental 1. Other stocks fiat. The Omaha
earnings for the third week in February
show an increase of $6,991.
Portland, Ore, telegram says no through
trains have passed over the North Pacific
road for five days, and none are expected
until the end of the present week. The track
is said to be destroyed in the mountains by
floods and storms
Elliott was heavy seller Of Lackawanna
Maplesden and Hatch and Foote bought
Northwestern, Hudson bought 1000 Lake
Shore, Walker and Goicouria bought 5000
Lackawanns at 131, and Coombs bought 1000
Pacific Mail.
The Lackawanna ticket to be elected to-day
is: Sam Sloan president; Fred F. Chambers
secretary; F. II. Gibbons, treasurer; man
ayers, John J. Blair, George Bliss, Percy r.
gins, B. G. Clarke, Jay Gould, Sidney Dillon
Russell Sage, L. S. Auchincloss, A. T. Nc
Clintock, A. r. Van Nest, and Gardner r.
Colby. Van Nest and Colby appear to be the
new men, and E. w. Holbrook retires
Brokers report bids of to call 100000
gold at 101 during 1884. This has been done
last week, and to-day's effort has been re-
garded as q side show trick of the bears.
1t is reported that the Pennsylvania Gen.
tral railroad new A per cent. So 3000, 900 loan
has all been taken at 80.
Long Island railroad earnings for the third
week in February show an increase of $3026.
Tho elevators own all the wheat at ST..
Louis, and nobody will trade Two hundred
thousand bushels are posted. Over fifty
cars of wheat received SO far to-day.
Applications have been made to the stock
exchange to have non-voting certificates O.
Erie declared not gooi delivery, in accord
ance with an agreement that the stock should
have voting power after the payment Of the
three consecutive dividends on preferred
stock. .,..
1t Is believed by we'll informed bankers
that the recent large Withdrawals of gold
from the treasury are not for shipment abroad
but have been made special coin deposits with
banks in anticipation of agitation Of the sill
YER question in congress. The effect of this
action will be to increase the reserves of the
banks in actual gold coin and decrease the
amount of silver certificates.
While money rules at present low rate
bankers can easily afford to allow large
amounts to remain idle asa precautionary
measure. ..,n. rs. a..
The assistant treasurers at Phila de lphia
Boston, and Chicago have been paying part
of their obligations in silver and silver Ger.
tifcates.
A press telegram from Chicago reports
winter wheat in better condition than last
year at this date.
1t is now doubtful whether tho bank o.
New York's $4,000 gold will be shipped tC
Europe by tO-morrow's steamer.
The market was only traders one. Cen,
tral Pacific was sold on Huntington's state.
ment before congress that the heaviest
stockholders had sold their stock. General
market very dull.
Mr.. Brandon sold 1000 Central Pacific
and this broke the stock.
The Northwestern directors have declared
az per cent. quarterly dividend on preferred
stock, payable March "a. Dividends on the
common stock are semi-annual.
Some of the bondholders of tho city o.
Memphis bonds, which matured last month
with four years back interest, principal and
interest guaranteed by the Memphis and
Charleston Railroad company, talk of suinl
the road.
A Chicago dispatch says there is an enor
nous shortage in May wheat, and the "Big
Four" are said to be short several million
bushels.
The Louisville and Nashville earnings fol
tho third week in February show a decrease
of $23,0S5.
Gould told reporter from tho EUening Pos
this morning that he had not sold share o
his LaCkawanna.
Sales of stocks to-day aggregated BLISS,
shares, including the following: Central Pa
iifc, 1S,205 Delaware, Lackawanna ant
Western, GS,033; Erie, $500; Lake Shore
1000; Northwestern, l2,500; Pacific Mail, 20,
3i5; Reading, 44,SOO; st. Paul, Al AGO; Texa
Pacific, 5,6lOi Union Pacific, 2S,675; Northern
Pacific preferred, 400; Oregon Transconti
mental, 1850.
GOVERNMENT BONDS,
Rid. asked
United States dis 1891, coupon ....,.. llds 1l4i
United States AIS, 1891, regstered".. l35s ll3i
United States As 1907 COupOns,y,",.,.. l23ls ia
United States 49, 1907 reglstered."n.".. l23fs Ia