National Republican. (Washington City (D.C.)) 1872-1888, 1884-10-18
THE MARK ETS.

Tho Bears Have Things Pretty Much
Their own Way In Wall Street
Trading in Chicago and Baltimore.
NEW York, Dot. 1.-THE brokers gen.
orally agree that tho big leaders in stocks
all sold moro or less of holdings Tuesday
afternoon, or on Wednesday morning, but
they have been buying back slowly, and
II IL were not for the general demoraliza-
lion of railroad matters all over the
country another speedy upward move
ment would undoubtedly be in order.
Morgan and s. V. White declare that
they sold no stock. They will not sell at
present prices, and none are pressing for
sale at present figures. They strongly
hdvise their friends to hold their securi-
ties for much higher prices presently.
Gould said last light that he had bought
stocks literally for several days past, and
believed the stocks which has been thrown
on tho market were shorts put out by the
bears, and that the short interest had
largely increased. The street attributes
the last raid to tho sales Of the big bull
leaders, who ran on the good news, and
sold on tho sly, aud emptied their bags
On their following. II was reported last
evening that tho New York Central new
bonds had all been subscribed for, but IT
could not be confirmed. IL is probable
that Drexel, Morgan & Co. will make the
announcement soon.
At tho Grand Central depot this morn.
Ding the fares over the New York Co ntral
road are unchanged, notwithstanding the
reduction on the West Shore.
s A Chicago dispatch says A meeting OF
trunk lines have been called to take &C.
tion against the Generalization of rates.
Grain rates are cut to Is cents, despite
the 25 cent regular rate. Railroad
officials think the pool will fall q part. In
tbe east bound pool Office here no further
effort Is being made to maintain the rates.
The street Ia full of railroad wars and
stocks are heavily pressed for sale by the
bears. The largest selling Of Northwest
lsrn has been by Woerishoffer brokers.
j.. Wilson sold 10000 shares of Lake
Shore, supposed to be for Colgate, and
Josephson sold 5000 shares. Willard sold
5000 New York Central. L. l.. White
sold New York central also.
There has been some buying of North
west this afternoon which looked like
Vanderbilt orders. M. Truman bought
1000 and bid for 5000 more. Worden
was prominent seller. There was a
strong pressure to sell the Vanderbilt
stocks at the opening and prices were oil
lower. Lake Shore, Northwestern. st.
Paul, New York Central, and tho coalers
were hammered by the big bears, aud
before noon the declines were 81 on Lake
Shore, 2 on New York Central, IL on
Northwest, and the whole list proper.
tionstely lower. There was Q fractional
rally about o'clock, followed by another
raid which carried prices to the lowest
figures Of the day.
After 2:15 the market strengthened
IInipn In N
Vanderbilt stocks were rallied by sup
porting orders. Nearing the closing hour
the market broke again, tho Vanderbiltt
leading the declines, and the closing tone
was decidedly weak. The inside selling
was very heavy to-day.
The Northern Pacific Railroad com
pany has appealed to the stock exchange
TO list $625,00O general first mortgage G
percent. land grant gold bonds issued OF
twenty-five miles of new road. Tota
issue, $47. 1884, 900 on 1879 miles of road
The Burlington, Cedar Rapids and North
ern applied for the listing Of $l,696,0O(
consol first mortgage bonds. Amour
heretofore listed. 81, 321 900.
The railroad war in passenger rates ex
hibits no sign of truce, and at the office
of the Baltimore and Ohio and the Yves
Shore roads first.class tickets for Chicag,
can BIO bought at SIS, for Buffalo at $4,65
and for Albany at $1.55. The tickle
scalpers are selling the same tickets o
$l4, SO, and 81 respectively.
In accordance with its announcement
of yesterday. the Erie road to-day bega,
selling tickets at the cut rates. Tn
Pennsylvania, however, still holds firm O
the regular prices 1t was rumored tina
Commissioner Fink was about to issue
''quick call" to the passenger agents. Blu
this was denied at the comm issioner
office. "The matter is now out OF on
hands," said Mr.. Person. 1.-THE poi
officers are now powerless to affect tn
situation. We can only wait now for q
ing.2 .,aSrI So.
Quotations Of Fridays Stock Sales.
The foil owing have been furnished by Bat
man n Co., bankers, l41l + street, be ng II
most active stocks In the Now York exchange;