National Republican. (Washington City (D.C.)) 1872-1888, 1884-01-08
THE MARKETS.
Increased Activity in General Stock Specula-
ton.
Capitalists Looking About for Interest
Paying Investments.
Specidl Dispdtch.

Special Dispatch.
NEW YoRK, Jan. Tho market opened
strong, and was steady up TO o'clock, with
occasional fractional declines. There appeared
to be considerable realizing of profits, and
some good selling throughout the list.
Traders were considerable sellers all day.
The business of to-day was principally in st.
Paul preferred, Northwest, Union Pacific,
Northern Pacific Oregon Transcontinentel,
Lake Shore, Delaware and Lackawanna,
Reading, Louisville and Nashville, and
Missouri Pacific.
Between 1 and 2 o'clock there was frac
,tional decline. Railroad bonds were dull
and higher for southwestern issues, and lower
for West Shore. 3
The borrowing demand was sharp for
active stocks. There we're no special features.
The market might be said to be steady and
firm up to 2:15, when the Pacific stocks were
sold on q special telegram to q private firm In
Wall street that congress would fix maximum
freight and passenger rates for Central Pa
cifc and Union Pacific.
number OF large commission houses re-
port new orders coming daily to buy good
stocks, and several brokerage concerns, who
have been bearsh for two years, have turned
bull upon the situation and advise customers
to buy on every reaction. Some little outside
bull feeling at clubs and hotels was m anifest
yesterday and there was some little conf
dence in an immediate advance.
The feeling on Reading shows there has
been much scale selling lately by large
holders.
Mr.. Twombly, who takes vanderbilt's
Reading proxies to Philadelphia this week,
says Vanderbilt is not in favor of tho divi-
dend this quarter 10 any company paying
ont dividends that has floating debt
Philadelphia telegram this morning says
there are prospects Of fresh railroad trouble
between Reading and the Pennsylvanis rail-
road, as the latter proposes extension to Potts
vile.
Among presidential candidates proposed
for the Northern Pacific Railroad company
are John Sherman and William Window, but
Vice President Cakes will probably get tho
appointment.
Bull points are chiefly on Gould stocks,
Oregon Transcontinental and Lsckawanna.
Bearish commission houses quite generally
advise covering, and some said an ad vance
was necessary to prevent too large calling in
of loans.
A Washington special says that bill will
be introduced prohibiting the import of
French brandies and other liquors in retalia.
tion for the prohibition against American
pork.
1t is reported that the Oregon Transconti-
mental company has arranged to lock up its
Union Pacific preferred stock for year, and
may do the same with the Oregon Naviga-
ton.
The West Shore company secured ST.
100000 on Saturday by voluntary subsorp-
ton, and this is amply sufficient for imme-
Wheat is dull and heavy, and lower in
Chicago. Foreigners are still selling market.
Corn very dull, larger receipts expected.
Erie telegraph and telephone stock has
advanced in Boston from % to 30 bid on the
election Of Hon. Charles Mclean, of Boston,
and G. B. Chandler, of Manchester, N. H., to
its directory.
Sales to-day agg regated 1876, 464 shares, in.
GLIDING Delaware Lackawanna and Western
6s,100; Erie, $500; Lake Shore, 2s,900 Louis.
Vile and Nashville, 10000; Missouri Pacific
1920; Memphis and Charleston, }, 100; North.
western, $500; New Jersey Central, 300; New
York Central, 6200; Pacific Mail, $500; Read
ing, $4,000; st. Paul, $4,000; Texas Pacific,
$500; Union Pacific, $4,000; Western Union
5000; Northern Pacific preferred, 10000
Oregon Transcontinental, az, 500.
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 e. Co., bankers
No. 1411 + street northwest: