National Republican., 1884-03-05
THE MARKETS.
Active Trading But No Decisive Movement in
Stocks Either Way.
The Big Room Traders Turn Bears for n
short Turn.
Special Dispatch.

Special Dfspdfch.
NEW YORK March 4.-The market opened
strong on timid shorts covering and reports
of scarcity Of stocks in the loan room. Read
ing aud st. Paul with Union Pacific were
especially strong, and the whole Vanderbilt
list seemed to have boen sustaining orders.
Union Pacific loaned as high as for to-day's
use, st. Paul r. and Michigan Central showed
3 asked for use to-day. Toward noon there
was a reaction under limited trading, and
about 130 followed by another fractional ad-
vance in tho coal shares, but after the 2:15
o'clock p. m. deliveries the market dropped
and closed at lowest figures of tho day.
Western Shore bonds we're quite active and
touched hfty.seven during the mornings
trading, and then fell off three-quarters per
cent
A few hundred shares of stocks, st. Paul,
Lake Shore, and Northern Pacific preferred,
were bought in under the rule for monde
livery, but except this the closing hour
showed no feature.
1t is stated that arrangements have been
made which prevents future cutting of rates
in the northwest. Rock Islands notice OF
withdrawal from the northwest association
expired yesterday and some arrangements
has probably been made by which the time
of withdrawal has been extended. Parties
with good information say tho difficulties
have been practically settled.
Parties identified with Northwestern roads
are bullish. They were boarish last week.
Sage advises purchases of Union Pacific:
Sixty is said to be the price West Shores will
touch this week. The bears were quiet last
night
The Times this morning says the market
will continue dull for the present.
The Tribune prints column interview with
8. V. White who says there was never pool
in Lackawanna, and that he sold all his spec
ulative stock at q handsome profit; that tho
Lackawanna stock bought from 112 up has
been sold out at a loss will not be believed by
anybody except q sore-head ded bear.
Vanderbilt brokers say Reading is good
buy for turn, and that the advance would be
as sharp as in Lackawanna
Vanderbilt people bought Northwestern
yesterday. Hatch & Foote bought great deal
of Northwestern, Union Pacific, and Lake
Shore, and points are given to buy Lake
Shore for 110.
Northwestern earnings for the fourth wee
of February increased s., 700; for the mon TIN
Of February increased $l26200.
st. Paul earnings increased tho fourth week
of February $1i.43S; increased for the month
of February $60,05i.
A Chicago dispatch says there is very
good demand from shorts, and Roche q
Reem and their brokers are buying to turn
prices up. Don't think they will advance
much, though Of course 1t is good thing tc
take profits, and if possible resell on firm
spots.
A Boston special says the only figures OBJ.
.tainable at the Union Pacific office say that
She annual report shows ID per cent earn
ing on the stock, including land sales, against
IL per cent. last year.
There is q general calling in to-day Of
Northern Pacific preferred, and the stock has
loaned as high as /. Michigan Central loans
at !. Stering exchange is quiet and firm.
A Chicago dispatch reports that President
Hughitt of the Omaha road, said at q meet
ing to-day the Northwest Traffic association
was continued until NJ arch 10, A committee
was appointed to decide up on terms Of a gen
eral pool.
The market was sold down by traders
during the day.
Sales Of stocks to-day aggregated 410,547
shares including the following: Canadt
Southern, $500; Delaware. Laekawanna aut
Western. $500; Erie, 11,000; Lake Shore, IL,
500 Louisville and Nashville, 1880; Michi
gan Central, 5000 Missouri Pacific. $500
Northwestern, $4,000; New York Central
$500; Pacific Mail, 300; Reading, 81, 900; st
Paul, $1,000; Union Pacific, 10000; Oregon
Transcontinental, $500; Northern Pacific pre-
ferred, $4,000.
STOCKS.
Following arc opening and closing prices o
principal stocks as corrected by special wire
reports received by Bateman & Co., bankers
No. l411 L street northwest