National Republican. (Washington City (D.C.)) 1872-1888, 1884-01-01
THE MONEY MARKET.
1t OFned Slightly Better But Soon Dulled and
Weakened Rapidly.
Tho Bears Make Heavy Attack and
Press stocks Down.
GOSSIP.
Special Dispatch.

Special Dispatch
New YORK, Dec. 3l.-Russell Sage de-
clared yesterday that In his opinion and that
Of Mr.. Gould prospects are now exceedingly
bright for the new western pool combination,
and Sage said no had good reasons to believe
the Chicago, Burlington, and Quincy would
join to-day.
Several of the largest railroad corporations
have given friends leading points Of the an
nual reports in advance, and they are gencr-
ally very favorable.
Huntington, of the Central Pacific, says
J this company shows $1,70O,0OO over and
above the divi dend, fixed charges, &C., tho
net earnings being equal to 81 per cent, ana
the largest net receipts ever made by the
company. The st. Paul annual report Is
also foreshadowed by figures given friends
from Mr. Wadsworth, the vice president.
The gross earnings are about 500, 600 900; oper-
ating expenses, 90 per cent; net remaining,
40 per cent. including dividends, OIL liked
charges, &c. There is also surplus OF
$730,000 in addition.
The report of Gould going to Havana Is
denied. He has not been down town for
three DAYS, owing to illness in his family.
He had severe cold, but is better to-day.
st. Paul OH opening was bought by Coombs,
and sold by l.. i. White & Wilson, also Kirk
Northern Pacific preferred. In Oregon Trans
continental the traders were all prominent
sellers. Cross and Wormser IL Co. bought
Oregon Transcontlnental.
In the New York Central stock tho room
traders did most of the business. The sellers
were Brandon and Walter Nelson, and the
buyers were Minton, Powers, and >. q Ihos.
Reed. Loanipg rates unchanged.
A Chicago telegram just received says the
Chicago, Burlington, and Quincy will not be
represented at the Iowa pool meeting to-day
The annual report of the Colorado and
Greenville shows tho net earnings to BIO
$27l,44t.
There is the very highest authority for the
statement that the Oregon Transcontinontal
company recovered all of its securities which
are now intact and the report of the examin-
ing committee, which will soon be public,
will bear out this fact.
The attack on Union Pacific is said in the
board to have come from the Woerishoetier-
Cammack party.
At the opening there appeared to be long
stock pressing for sale in both Oregon Trans
continental and st. Paul. Amsterdam con-
tinues to DO a steady buyer Kansas aud
Texas.
Stocks are in good demand in the loan
room, particularly Northern Pacific preferred,
which lends fat to 1-6d; others flat to per
cent.
Shelton has been large seller of Oregon
Transcontinental, Wormser & Co. bought.
Missouri Pacific is said to have been sold
by bear clique.
The {. b. and q. officials in Chicago declare
they will have q meeting of their own on Jan
II to form an antagonistic policy. This ID
reliable. The largest sellers of the Union
Pacific this morning were S. V. White
Nicholas, and Willard
Parties closely identified with President
Endicot say that the Oregon Transcontinental
statement shows the stock to be worth $50
per share. The assets are figured at the mar
ket price of Saturday. The Indebtedness Of
the company is reported as increased from the
figures in the memorandum given by Willard
to Ralston early in the month, which accounts
together with tho depreciation in tho value
of the assets for drop from $61 to $50 fol
value.
Keene has been largo seller of general
market to-day, and is especially bearish on
Missouri Pacific for so and West Shores
for or points further decline. Cammack il
terrible bear on New York Central, which
he declares looks very weak.
Woerishoetfer's brokers are borrowing OF
Union Pacific and lending on Oregon Navi
CATION. 1t is stated in the board that the
West Shore company was admitted tc
the trunk limo pool and given Sper cont
A private Philadelphia message says posi-.
lively that negotiations are in progress be-
tween the Pennsylvania railroad and West
Shore, and it is known the Wes
Shore Immediately needs $6,00000O t.
$S000,000 or quit work.
REVIEW.
The market opened slightly better bu
soon dulled, and then weakened rapidly un
der heavy sales of Union Pacific by the
Woerishoefler crowd, the whole market sym
pathizing. Northwestern was we'll bought by
Lawrence Brothers, and presented very
steady feature during the day.
The Vanderbilts, Lake Shore, and New
York Central were weaker, and after 81,
were attacked by the bears. West Shores
were especially weak, selling down to GA
on rumors of a large amount of money
needed to complete the road.
Missouri Pacific was severely raided, ant
sold to SO on rumored illness of Gould The
Oregon Transcontinental statement Is prom
ised for this afternoon, but the street has but
little faith in it.
Sales to-day aggregated 473,629 shares, in
Guiding Delaware Lackawanna and Western
$4,000; Erie, 2l,5l0; Louisville and Nash
vile, l2,900 Missouri Pacific, 29,9O6
Memphis and Charleston, 1000; North.
western, $3.50; New York Central
1875; Northern Pacific, $780, Reading
400; st. Paul, 30, 100; Union Pacific
105,225; Western Union, 1915; Canada Pa
cihc, $780, Northern Pacific preferred, "a
07S; Oregon Transcontinental, 1885, Chi
cago, Burlington and Quincy, 2s,3O0.
STOCKS.
The following are the 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. 14ll + street northwest