National Republican., 1884-02-26
AN ACTIVE MARKET.
The Bears Put Forth Stronger Efforts Than
for Many Weeks.
insiders Say Union Pacific VIII BE Run
Up Again This Week.
Snfcidl DispaLch.


against Delaware, Lnckawanna and Western,
G. l. Hudson being the heaviest seller.
Opinions differ as to whether Keene, tho
Woershoofrer- Cammack party, or the younger
Vanderbilts were sellers. Tho weakness in
Lackawsnna affected tho other coal stocks,
and then Union Pacific tumbled, as the
traders began hammering it.
The days trading conferred mainly on
Lackawanna and Reading. Union Pacific
and st. Paul were also active. The Gould
stocks were strong all day and the Wander
bilts neglected. Very little bond trading to-
day.
The gold shipments-$5O 5000 to-day and
$50O,0O0 by the Cephalonia to-morrow-and
poor granger earnings were the chief bear
arguments.
The market closed fairly strong under a
reaction led by Texas Pacific and Lacka-
wanna.
The feeling Of yesterday was quite bullish.
The Vanderbilt aud Gould crowd were pre-
dieting the market would advance this week
and advised buying on every slight reaction,
claiming that no important declines would bo
permitted by the bull leaders
Cammack said yesterday that he was posi-
tive that Vanderbilt was the big bull on
Reading, therefore Cammack did not care to
sell it short. The popular talk is 90 for
Reading by next Saturday, and it is said
that tho pool is for 100000 shares. Gould
took $4,000, and the stock is to be held for 40,
or higher. Vanderbilt tells his friends that
Reading is the cheapest coal stock upon tho
exchange.
The Manhattan Elevated railway contract
with the Reading company is for 100000 tons
coal per year
Vanderbilt people say Lake Shores quar-
terly report will make even better showing
than the New York Central, and they pre-
dict 107 for Lake Shore this week and 1l5
before June 10.
The big German banking houses say London
bought more good stocks here last week than Is
generally known, and there are more stocks
going over to Europe than coming back.
The main selling of granger stocks Saturday
was attributed to n leakage Of the long stocks
upon warlike rumors from Chicago, but these
stories are fatty denied, and the present re-
lations between tho Chicago, Burlington and
Quincy and the Union Pacific are friendly.
1t is predicted by insiders that Union
Pacific will be run up again this week. Tho
feeling on Lackwanna is that the stock is
high enough, but the short interest in it may
be twisted a few points further The Hutchin-
son party sold their Lackawanna week ago
There is q strong conservative bull party
in Erie which holds it to be the cheapest
, trunk line stock and a safer purchase for 40
this summer, and that there will be q big
demand for election stock. Bulls on Erie
say "a is too low, in view of the fact that
Erie has as large percentage in trunk line
business as the New York Central road.
Wheat in New York, March lost, April
11Ol, May 1923. Corn, May, Go. Oil opened
1908 to 100, now 100s.
Counselman & Co.'s Chicago special says:
Indications that the visible supply of wheat
will show q slight decrease, and on that basis
wheat is too high, and favor selling corn on
he bulge as higher prices are not likely un-
IL late in the spring, but rather inclined to
ong side of provisions, as they are controlled
by packers.
Bird sold 1000 New York Central. Pauld-
ing sold 5000 Reading. New York Central
loans at LEA, Northwestern and Oregon
Transcontinental per cent, aud other stocks
fiat.
Northwestern earnings third week of Feb
ruary increased $1,000
S. V. White is borrowing Delaware, Lacka-
wanna and Western this morning. O. l. Hud-
son sold $1,000 Lackawanna to S. V. White.
The whole market broke for the moment. 1t
is rallying under sustaining orders for New
York Central.
Room reports say Hudson was sent into the
board purposely to break Lackawanna. He
had offered the stock down in 1000 share
lots, when S. v. White began taking it, White
bought at 1919 until $1,000 shares then Mr..
White said, II will take 10000 or 25,00C
shares more" Hudson sold 10, 600 shares and
stopped.
Sterling exchange steady. Half millions
dollars gold go by steamer this morning q
quarter million more is expected to go by the
same steamer, the City Of Chicago, and ahali
million will be shipped tomorrow.
The assignment of McGinnis Brothers 4
Fearing Saturday, is said to be preparatory To
winding up the firm.
Boston dispatch says the Northern Pacific
company has refused to allow the claim o
Oregon Navigation company for readjust'
ment of its mileage contracts giving the
Ia a m all IN h.
Oregon N.vigation line, which the Oregon
Navigation claims should be relinqui,hed.
The short interest in oil is very large.
1t is reported in the stock board that Mr
Keene sold the market heavily to-day.
Hudson's entire sales OF Delaware, Lacka.
wanna and Western are estimated at $4,000
shares.
The advance in Pacific mail to-day has
been on heavy buying by prominent German
house. The steamer City of Rio left Hong
Kong with 700 Chinese passengers and a full
cargo of freight. The gross earnings for the
round trip of this vessel will be about $l34,-
O00
The Georgia Pacific frsts are up to 80 from
so two weeks age, and other outside securities
are active. North River construction dull
1Sl to 10; West Shore stock, 93 to TO-
Sales of stocks to-day aggregated 4o7,22l
hares, including the following: Delaware
Lackawsnna and Western, Ill, ,sO4; Kansa,
nd Texas. 4,303 Louisville and Nashville
$500; Missouri Pacific, 6,700; Northwestern
1000; New York Central, $3.50; Pacific Mail
26,1OO; Reading 81, 700; st. Paul, 5l.6l5; Texa
Pacific, 1905; Union Pacific, $500; Western
Union, 4,l00i Oregon Transcontinental, 4,2OO
STOCKS.
Following are opening and closing prices
principal stocks, as corrected by special wire
reports received by Bateman s. Co., bankers
No. 1411 f street northwest
oDenno Cyo,fnc
Delaware ana IL IFS llOi
Western U1ion''''..'. 56Ai 79i
New YORK llIls llBl
Erie 90l3 2Ui