National Republican. (Washington City (D.C.)) 1872-1888, 1884-01-10
TIE MARKETS.
Mr. GOuld's Childlike Faith in tho Future Of
His Securities.
His Disintercstcl Advice 60 ttis Friends TO
Buy Union Pacific.
SnenclEinnrs.

SltG az ilNNtl.
New YORK, Jan. g.-'rhc market opened
weak, but soon became strong on calling Of
loaned Michigan Central by Vanderbilt
brokers and good buying of Union Pacific
supposed to be for Gould.
Union Pacific was the feature, and advanced
{ to 76l. Michigan Central was advanced to
~ cash. while IL sold 81 regular Jersey
Central opened very strong / higher, and
the balance of the market sympathi2od
Efforts were mado to break up by short
sales and seller 60 options, but it was unsuG-
cessful.
The market comparatively was dull oil
day, especially 80 between l and o'clock
Active stocks woro in demand in lOnn room
fiat to premium. Michigan Central COM
manded per cent. per day for use, Ontario and
Western was weak in sympathy with United
States bonds, and it Is probable that the
liquidation in West Shores IL not yet over.
1t was known in speculative circles last
evening that passenger war rate had begun
between tho Alton and the Rock Island
roads, and that the New York Central had
actually made small reduction in local
freight rates, Us had been rumorcd yesterday.
The feeling was not very boarish, and con-
servatives said that Gould might advance
prices soon, with Union Pacific 10 tho leader.
1t is known that he is ondcavoring to do 80
with all MS might, Uuu bb Atllo lIltlAho lb
considers Union Pacific very cheap and
below its value, and IL will advance to for
MGR figures.
A meeting of Chicago and New York
trunks has been called to consider pool mat
tiers and settle the Delaware, Lackawanna
aud Western business sam Sloan says he
don't want to 20 into this pool. Ho has not
been cutting, mas only worked out old cheap
contracts with shippers.
Insiders in Reading say the vote on tho
dividend will be SO close nobody can predict
until it is counted. The Baltimore and Ohio
stock will vote for the dividend. Large
proxies were given Vanderbilt yesterday to
vote at his discretion.
The iron manufacturers report better
feeling in the iron trade, and declare general
prosperity decidedly increasing.
Private Chicago dispatches say that other
roads met the Rock Island and Alton cut on
Kansas City business. One per cent. bid for
use of Michigan Central to-day.
Philadelphia dispatch says there is con-
siderable doubt concerning the payment o!
dividends by Reading Powerful opposition
from big stockholders who oppose divided.
Gowen is satisfied to await the vote.
A Chicago dispatch reports that the Trans
continental pool meeting to-day failed to come
to any kind Of agreement, The Union Pa
cifc wanted to get the Rock Island, st. Paul
and Northwestern andWabash into. the Trans.
were all branches of the Union Pacific. The
Chicago, Burlington and Quincy, Central Pa
cifc, southern Pacific, aud Atchison COM
panies lay these things cannot be; hence the
trouble.
General Manager Kimball, of tho Unior
Pacific, denies any reduction on live stock il
states west of the Missouri river.
The buying of Union Pacific since p. m
has been by Gould's brokers. The Woeris
hoetier-C ammack party bought 10000 shares
covering shorts to-day UP to highest figure
made.
Sales to-day aggregated $50, 1888 shares, in
Guiding Central Pacific, 5000; Delaware
Iackawanua and Western, 1880; LAKE
Shore, 12,0l0; Louisville and Nashville, 500
Missouri Pacific, 1880; Memphis and Charles
ton, 300; New Jersey Central, $3.50; Reading
$500; st. Paul, 2l,050; Union Pacific, 9t,005
Western Union, 5000; Northern Pacific pre-
ferred, s,6O5; Oregon TranscOntinental, 40,37J
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 81 Co., bankers
No. 141l L street northwest: