National Republican. (Washington City (D.C.)) 1872-1888, 1884-01-05
THE MARKETS.
Wizards Resignation Sends Northern Pacific
Stocks Kiting.
Securities stlfrsning up nnd Bears Said TO
Bo Getting shalsy.
Specini Dispnich.

Special Dispatch.
NEW YORK, Jan. 4.-Tho market opened
steady, but weakened on raids on Union Pa
cifc and St. Paul, it is supposed by tho
Woerishoeffer- Cammack party, and the latter
by Osborn brokers. The general list fell OF
until about p. M, when the publication of
Union Pacific statement caused q good deal Of
covering. Then on Wizards resignation the
Northern Pacifcs advanced, taking the en-
tire market with them. There was q sharp
demand for stocks, particularly Union Pa
ci6c, Oregon Navigation, jersey Central, and
New York Central. Northwestern news
peaceful. Railway bonds fairly active and
strong.
: Windsor hotel traders were rather bullish
in tono last evening. Vanderbilt was pres
tent, and talked higher prices for his stocks
this month. His following was particularly
publish on Northwest.
Cammack and Mr.. Woerishoefer were
consulting most of the evening Their fol-
lowing had bear points on Missouri Pacific,
Delaware, Lackawanna and Western, and
st. Paul
1t is stated on the best authority that the
Chicago, Burlington and Quincy people, who
have quietly stepped into the direction of
the Oregon Navigation and the Oregon Trans
portation. that these latter corporations do
cided to discontinue construction of their new
line to connect with the Union Pacific Oregon
short line. The Union Pacific is thus left
without q connection. ,
Northwestern earnings for the fourth week
in December decreased 81, 700. For the
month of December theldecreasc was $50, 800.
Jan. to Dec. 81, thcihcreaso was 81 1909
Chicago Telegram says, on direct nforma-
ton from Chicago, Burlington and Quincy
office, that there Is positively no probability
their joining tho holy alliance
New York Genital is very scarce in loan
and lpang 20 lraunn Nayiuattnu L
J Excellent authority says the new manage
ment of Oregon Navigation proposes to reduce
the Oregon Navigation dividend to per cent
on tho ground that the earning capacity at
present does not warrant higher rate.
Tho Union Pacific statement for November
shows net increase of 81 ,7S2; for eleven
months net decrease $693,677.
Wizards letter resigning Northern Pacific
\ says: ii offer my resignation as president Of
the company and as member of your board
Reasons Nervous prostration and physicians
advice to retire; my own opinion aud that o.
my friends is that should retire. ] am con.
soled by confidence that the future will win
dictate all have DONE When my health per
mits, will submit to you summary of my
administration"
Northern Pacific advanced on report o
change in management of affairs more favor
able than had been supposed. Brokers re
port selling orders filed when stock was veal
are now Cancelled on the markets strengthen
ing.
A director of the Northern Pacific says Vii
lard's successor will not be elected to-day
The matter has not been discussed.
Sales to-day aggregated 372,366 shares, in
Guiding Central Pacific, 1900; Delaware
Lackawanna and Western, 2l,200; Erie, IL
200; Lake Shore, 1880; Louisville an
Nashville, 11,600; Missouri Pacific, 23,40O
Northwestern, 5,700 New Jersey Contra
LOO; New York Central, 14,500; Norther
Pacific, 6,200; Reading, 1900; st. Paul, 50
800; Union Pacific, $1,000; Western Unior
5000; Canadian Pacific, 5000; Northern Pa
cifc preferred 2l,6O0; Oregon Transcont
mental, 1900.
STOCKS.
II The following are the opening highes
lowest, and closing prices OF the princips
stocks for the day, as corrected by special wr
reports received by Bateman & Co., bankers
No. l4l1 street northwest: