National Republican. (Washington City (D.C.)) 1872-1888, 1884-01-25
THE MARKETS.
The Bears Make Their Daily Raid on Sc
leCted Stocks.
The Ex-vilIurds and jersey and Reading
Are the Weakest,


Special DisDdicn.
NEW York, Jan. 2-The market opened
steady and higher, with q sharp rally in
Northern Pacifcs. About IL a. m. decline
began, lasting until p. m, the ox-Villards
being weakest.
At D. m. sharp raid was made on Jersey
and Reading, which fell rapidly on various
rumors afterward denied. This decline was
partially made up by o'clock. There was
great deal of covering and sharp borrowing
demand all day. West Shores were heavily
sold-over $5,0OO00O up to . oclock--good
buying advancing them. Tho general list
has been strong, with the Northern Pacifcs
the weak spots
The subject discussed last night was rela.
tive to the Willard breakdown in stocks and
bonds The general belief was that the
largest selling was for Philadelphia and Bos-
ton account but some said Gould had sold
largely to get the fancy stocks out Of the
way as soon as possible. IL is runoreI that
q prominent Philadelphia trust company had
been selling these stocks and bonds in liqui'
dalton, but Coils and other Philadelphia
houses deny this.
The most conservative traders in the mar.
ket thought last evening that if stocks were
shade lower this morning they would do to
buy again, but nobody appeared to want tho
Northern Pacific issues. IL is said by bulls
that Woerishoeffer would soon turn bullish,
and is now borrowing big money to buy
stocks. He is known to have been large
seller of Northern Pacific common and
preferred, Oregon Transcontinental. and
Texas Pacific stocks all day yes.
terday. Cammack says no power on
earth can prevent tho market going lower,
but the brokers say he bought in his New
York Central yesterday, and that g. j. o.
born & Co. were given up last evening on
large buying by Willard yesterday. Gould's
friends say his income from interest and divi-
dends is $5,000,000 o year.
The government directors of tho Union
Pacific in their annual report dwell particu-
larly on the tripartite alliance, which meets
their approval The report is favorable to
the company. 1t shows that S3,0O0OOO float
ing debt has been provided for and during
the year surplus beyond dividends was
earned, Notwithstanding what is called
'ruinous competition"
The most striking part of the report is: at
is confidently hoped that this tripartite
agreement will be accepted as the basis of a
permanent arrangement between all the
roads concerned and that under it the roads
will do profitable business"
Sales to-day aggregated 1856, 800 shares, IN
Guiding Delaware. Lackawanns and Western,
33700; Denver and Rio Grande, 1900; Erie,
$500; Lake Shore, 1880 Louisville and
Nashville, 10S00; Missouri Pacific, $3.50
Northwestern, 1900; New Jersey Central,
500; Northern Pacific, S,592; Reading, IA,
100; st. Paul, 63,76S; Union Pacific, 4i,900
Western Union, 8, 430; Oregon Transcontinen-
tai SO, S25; Northern Pacific preferred, TO-
ZOO.
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 g. Co., bankers,
No. 1411 f street northwest: