National Republican., 1884-01-17
THE MARKETS.
Vanderbilt and Tilden Engineering the Raid
on West Shores.
The BilIionoiro GobbIing n Rival Prop
orty.
Special Disnninh.

sDecta, Dispatch.
New YORK. Jan. 16.-The market opened
very weak and was much lower up to l0:dO,
when rally in West Shores helped the rest
of the market. This was lost about noon
and the market dropped up to Ids p. m,
when another rally began, lasting until $50,
when the market stopped over undor deter
mined raid upon Oregon Transcontihental.
The weakness in Oregon Transcontiuental
was due to large sales on rumors of q receiver
for the company. This was denied somi-
officially. Business in bonds was very heavy
and about So, 600 600 West Shores were sold.
Erie seconds were per cent. lower on sales
of about 100000 Stocks were plentiful
Michigan Central and Jersey only COM
manded premium Tho principal trading
was in 81. Paul, Oregon Transcontinontal,
Union Pacific Missouri Pacific, Western
Union, Louisville and Nashville, and North
western.
There were no particular indications up
town last evening Of q rally in stocks, and il
was claimed by the bulls that as many of the
active stocks were considerably oversold
there ought to be reaction before closing
to-day. Everybody says Gould is strongly
trying to stem the current and those who
know him best think he will succeed. Mr..
George J. Gould said last night that tho pros
poets were excellent for an amicable adjust
ment of railroad matters in the west.
Conservative bankers say that West Shore
bonds tend downward still, though they have
moro real value than good many stocks
which sell higher.
President Mitchell, of the ST. Paul road, is
still in town. He has little to say about the
market except that st, Paul is all right and
dividends certain for 1884, Western Union
was sold down yesterday by bear clique
upon rumors OF reduced rates to competitive
points, but Gen. Eckert said last night there
was no foundation for this story.
The Vanderbilt people talk bcarish on
Western Union and probably the selling
came from that quarter.
The latest information regarding the Della
ware, Lackawanna and Western appears to
indicate stormy discussions between Sloan
and Fink.
Sloan says matters remain unchanged, and
the trunk lines arc still unwilling to allow
the percentage demanded by the Lacka-
wanna, or permit the working out of the
large volume of old cheap freight contracts.
On opening there was big rush to soil
West Shores, and large amount was sold by
Randall and w. Riley & Hughes. Van
derbilt brokers bought West Shores. In the
first twenty minutes $4,000, 900 West Shores
were sold.
The Ontario and Western meeting selected
Mr.. Houston for chapman. Mr.. Jordan
moved for thirty days adjournment, and that
an investigating committee be appointed
There was considerable excitement among
stockholders and the meeting was crowded.
Parties inside on Ontario and Western af-
fairs say Jordan's course is probably inspired
by Samuel J.. Tiden.. Many think Tilden
buying West Shore.
Gen. Winslow said at the meeting: Gas far
as / know the officers and directors have done
nothing wrong. l do not deny that l or they
have made mistakes, but / am willing to have
my record investigated, ana will submit every
paper in my possession and abide results"
The Jordan men seem bent on mischief
In his action for receiver he claims that
the company has floating debt of 81, ,295, ,277,
and he insists that Winslow shall retire from
direction. Alex Taylor, jr., said that ho
was as heavy loser as any one, and that Gen.
Winslow's statements were perfectly salts
factory to him as stockhOlder.
Mccormick, Adams & Co., Chicago, says:
We are disappointed over the decline in
wheat, and it is selling now much lower than
We ever supposed it would go on this crop.
The Northern Railway company applies for
listing of Sc, 100000 on bonds.
1t Is reported in the street that 5000 shares
Oregon Transcontinental were thrown out of
loans by the banks this afternoon. Exchange
place bears are selling Oregon Transconti-
mental freely to-day.
Sales to-day aggregated 469,076 shares, IN.
cluding Delaware, Lackawanna and Western,
4670O Denver and Rio Grande 5000; Erie,
Nashville, 14,225; Missouri Pacific, $4,000
Northwestern, 14,150; New Jersey Central
800; New York Central 14,5l5 Northern Pa
cific, 1900; Ontario and Western 7,072; Read
ing 9,400; st. Paul, 52,400; Union Pacific,
4016o; Western Union, 25,300; Oregon Trans
continental, s0,677; Canadian Pacific, 6,100;
Northern Pacific preferred, 1881
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 q Co., bankers,
No. 14i1 + street northwest: