National Republican., 1884-01-15
THE MARKETS.
An Uncertain Feeling as 10 the Future Of
Stocks.
MIR. Gould Again Chippcr-Thc Wheat
and Corn Trade.
rncnlnL Efsnnlch.


NEw YorE. jan. 14.-Market opened weak
and continued weaker as the day progressed.
The receivershp of the North River Con-
struction company and the uncertainty of the
West Shore position in the matter caused
heavy selling throughout tho list of both
long and short stock.
The Exchange place party is believed to
have sold 81. Paul and Union Pacific largely.
Erie and Delaware and Lackawanna were
sold on belief of a fight on local rates.
Confidence in the market appeared to be
buried under bad nows The entire stock
list was / to u lower and tho market closed
vory weak. with strong selling pressure.
Mr. WoerishoefIer said that tho West Shore
was now out of debt and had settled with
the construction company by paving over
$4,000, 900 Of income bonds out of q batch of
$25,000,000 just received. Brokers say that
Cammack aud Woorishoeffer were immense
sellers of West Shores on Saturday.
Mr.. Gould exhibited a dispatch from Cen
eral Manager Clark, of the Union Pacific,
stating that he had concluded to refuse con-
currence in the terms of the new agreement
by which the Union Pacific was to give tho
Quincy and the Denver roads one-third Of
the Utah business. Mr.. Gould proposed telo-
graphing to Clark in reply that he must i'm.
mediately withdraw his opposition TO tho
plan of compromise, but he said he would
have President Dillon send an order to this
effect
Gould talked very bullish on Union Pacific
stock, claiming 1t was the cheapest stock on
list, &C.
President Mitchell, Of the st. Paul road, is
in New York, and says the Chicago, Bur
.lington and Quincy will undoubtedly make
an amicable arrangement with other western
roads. He talks up St. Paul strongly, and
has great confidence in the property. He de-
clares tho earnings this and next month will
show an increase over last year, and it is
clearly dividend earning property.
In st. Paul this morning the specialists
were the largest buyers, and thore was great
deal OF coverings. H.. l.. White and other
traders were the principal sellers. Sales of
West Shore bonds the first half hour was
$S6l, 900 and to IL o'clock $1,1S5,000.
Large traders say Gould is still under the
market, and stocks are well in hand.
The New York wheat market is quieter at
IL cents advance from lowest point for Feb
ruary and cent for May. Trading has been
enormous, Wilmre, Bodman & Co. and Ca
ruthers g. Allen being the largest buyers,
both credited with acting fer Rouse, of Balti-
more. Aa
The earnings of southwest system of roads
are understood to show OBSERVATION-DISCLOSURES
for first week of january, but figures are not
public.
The following Is official: There is an un-
adjusted claim Of the North River company
against the West Shore. Its amount is not
determined. The West Shore has authorized
an issue of $25,000,000 income bonds, which
may subsequently, be made second mortgage
Ten millions of this has been paid the North
River company, subject to future adjudica'
tion.
At the Reading meeting to-day Gowen Of
fered q resolution that 81 per cent. be paid on
Reading preferred and per cent on Reading
common stock.
The Celtic has arrived at Queenstown. Al
we'll.
A Philadelphia dispatch says Nothing new
at the Reading meeting, except the authorize.
tion of $12,0OO,000 collateral trust bonds.
Tho dividend question is not to be decided
until Jan. %.
Sales to-day aggregated 340,2i7 shares, in
cluding Central,1 Pacific, 6,795; Delaware
Lackawanna and Western, -, 100; Erie, 3S,
430 Lake Shore, A,30o; Louisville and Nash
vile, S,S25; Missouri Pacific, 1l,d50; North
western, 9,640; New Jersey Central 100
New York Central, 1880; Reading, 1850; st
Paul, 59,500; Union Pacific, SO, no; Western
Union, $500; Northern Pacific preferred
5,621; Oregon Transcontinental, 1890.
STOCKS.
The following are tho opening, highest
lowest, and closing prices of the principa
stocks for the day, as corrected by special wir,
reports received by Bateman & Co., bankers
No. 1411 + street northwest: