National Republican. (Washington City (D.C.)) 1872-1888, 1884-01-11
THE MARKETS.
Gould Still Represented as Overlooking With
Glee.
Increasing Evidences OF Bold Faced ManIp-
ulAtion OF stocks.
special Dispatch.

special Dispatch.
NEW YORK, Jan. 10.-A bull movement
started the market OFF strong, but the move
ment came to a halt by noon, the heavy de-
crease in granger earnings and the bad breaks
in West Shore bonds helping the downward
tendency.
The brokers suspect that Gould, while
boosting Union Pacific, was selling tho rest Of
the market, and this also helped the weak
ness in general trading. Union Pacific was
bid up to 20 this morning and closed 761 to 1.
As this stock has been tho pivot of tho mar
ket, unless it.can DO strengthened the whole
upward turn ID over. ... e..
Tho feeling,Iast evening continued bullish
and professi1nalrbea were very perplexod
over the sharp advance in Union Pacific.
Gould's buling this stock for old prices they
angrily denied, and laid the whole scheme TO
Sam Mills and outside manipulators
Brokers agree that Gould will be q leader
in this rise, and that aside from very large
buying movement from New England and
the west there had been extensive covering
of shorts hero.
Gould was exceedingly happy over the turn
in the market last night, and said he never
had any doubt of the result. Although there
may be set backs, he believes the bulls will
soon be on top.
At the Union Pacific Office here it is stated
that out of SOL 100000 capital stock $42 ,000,-
100000 here. Gould's friends say he has
gone into Union Pacific to stay. An upward
turn to 20 is likely in Central Pacific.
Many say the Central Pacific is dickering
with the Union Pacific company. Others
that Central Pacific is going up in sympathy
with Union Pacific.
Bearish feeling in Delaware, Lackawanna
and Western has increased, owing to Fink's
order severing its western connections after
next Monday.
Vanderbilt's friends say. although the
Nickel Plate is not in tho pool, he will not
permit its joining the Delaware, Lackawanna,
and Western in war against the pool but If
worst comes Delaware, Lackawanna, and
Western will reduce fare to Buffalo to So.
Friends Of Pacific mail are said to be ready
to start bull movement soon, and w. j.
Hutchinson is great bull on Pacific mail.
Philadelphia advices report strong feeling
there in Reading and Jersey Central.
Manipulation continues and prices bid up.
Hear granger earnings show heavy de-
crease this week.
The general feeling is that Gould is forcing
Union Pacific and selling the balance Of tho
market.
On the opening West Shores dropped per
cent. on large sales by Coleman Benedict, and
on the influence of stop orders,
The reason for the break in Wost Shores
was the listing of $1i,000,0O0 bonds, which
have been trading in unlisted board. There
10 always " ulubTCuCo Vi W = per CSuI. Dc-
tween listed and unlisted securities.
Gould in an interview says: II think
Union Pacific is intrinsically worth 80 to
bar. don't anticipate any trouble with tho
chicago, Burlington and Quincy. 1t has n
arge business of its own, and won't bite off
Is own nose"
The following was submitted to Presidents
Endicott and Coolidge. They pronounce it
substantially correct: THE Oregon Railway
and Navigation company will issue $4,000
600 per cent. bonds to retire $6000,000 per
cent. bonds now outstanding. Tho balance
will be used to take up bonds of Pelouse
branch, built by Oregon Transcontinental
Jointly for Oregon Navigation and the North
tinental company's PROPOSED collateral trust
bonds would thus be reduced from about $13,-
100000 to about Sl0000000."
The drive at West Shore bonds is q raid by
prominent railroad men, and within a few
days the object will BIO made known. The
officials of the road advised holders not to sell
their bonds, but await Developments,
Sales to-day aggregated 1874, 90I shares, in
Guiding Central Pacific, 1880; Delaware
Lackawanna and Western, $3.50; Lake
Shore. 7,40S; Louisville and Nashville. 7,6OO
Missouri Pacific, IA, 100; Memphis and Charles.
ton, 300; Northwestern, 5000; New Jersey
Central, S,705; Ontario and Western, $500
Reading, S400; st. Paul, 52,4l0; Texas Pa,
cifc, $780, Union Pacific, $685.; Western
Union, 10,O45; Oregon Transcontinental, 49,,
276.
STOCKS.
The following are the opening, highest
lowest, and closing prices of the principal
stocks for the day, as corrected by special wire
reports received by Bateman & Co., bankers
No. 14l1 Il street northwest: