National Republican., 1884-04-01
THE MARKETS.
Mr.. Gould and Other Heavy Weights Talk.
ing Very Bullish.
A Fight for Supremacy In tho Cotton
nIarket--Tho Bulls in Control.
Special Dispnton.

New YORK. March 31.--Tho market to-day
has been very dull and very weak. North
western, Union Pacific, and Lackswanna
showed at o'clock decline from the open
ing Of per cent, ST. Paul, II, and Oregon
Transcontincntal, !. The Vanderbilt aud
Gould stocks, except, Western Union, are
are dull and steady. Bonds were dull and
firm; West shores, steady.
Selling seemed to be by traders and old
bears, while some long stocks sold on the
uncertainty of Gould's position on tho mar
ket. The closing market was very dull.
Vanderbilt brokers say that certain plans
were arranged saturday which insures
stronger and moro active market this week.
A friend of Goulds says there will prob
ably be an advance in stocks this week.
In the New York Sun this morning IL is
said that tho movement in the Northern
Pacific stocks has been engineered by ID. p.
Morgan, aud, therefore, will not amount to
more than one or two points.
Kiernans special says: For month ending
March dealings in stock show decline of so per
cent. compared with February, notwith-
standing difference Of two working days.
If u majority of the Mexican national bond
holders sign the waiver OF interest for three
years by tho term of the trust deed their ac-
tion Is binding on oil bondholders.
Sales of stocks till noon about 9i, 600 shares
Quinlin K Co.'S Chicago grain special says :
"Narket weak on wheat strong on corn, and
Lindblom is o buyer. Cannot see anything
encouraging at tho moment for the bull side
OF wheat. Rainy weather strengthened corn.
Good many calls at 5Gk to be sold against.
Buyers Of last week don't take hold"
Mr. Edmund Lewis, of Philadelphia, de-
clines to serve as director on the Lovejoy
ticket of the Colorado Coal and Iron COM
pany, and says he will support tho independ-
ent stockholder5 ticket.
Counsolman SS'Co.'s Chicago grain dispatch
says: 1--WE think that too much long stuff was
sold Saturday to expect very strong markets
to-day. We prefer to sell wheat on advances
SO long as there is no concentration. Corn
will likely continue firm as long as small
receipts, with tho good shipping demand,
continue. Provisions will be influenced by
corn"
Kicrnan's special says the following is
posted at the Rostrum stock exchange: Tho
Ohio and Mississippi Railroad company ex-
peCt soon to pay the past-due unpaid coupons
of the second mortgage bonds and Spring
field division bonds with interest since their
maturity. Tho rule now existing, declaring
fult face amount in money good substitute
for absent coupons, shall not apply to these
bonds hereafter"
The rumor wired from Portland, Greg, to
San Francisco through the press dispatches
saying tho Central Pacific acquired control
of the Oregon Navigation property is not con-
tirmed at the New York office, and is sup.
posed to have originated from the recent
transfer to Central Pacific of coal property on
Puget sound.
Tho Richmond and Danville Railroad COM
pany have bought %, 800 tons of steel rails to
relay tracks from West Point and Alexandria
TO Atlanta, Ga. The work will be completed
by Oct. /.
1t is stated that circulars have been issued
IN I,DnQOn aunOun N that Eria stOc K hO ldarg
are now entitled to receive full rating stock.
Mr. Gould, in an interview with kiernan's
reporter to-day, said II have had no interest
in this market since my return. l think,
however, that prices arc very low and stocks
remarkably cheap, but | suppose the disturb
ances throughout the country are having an
adverse influence over this market"
Gould has made the usual arrangements
with the Mercantile Trust company to pay
April dividends on Manhattan elevated.
The agents for the Canada Southern com.
pany sold to u syndicate $2,OO0,00O of the
Canada Southern second mortgage per cent
bonds, and tho syndicate took an option on
$2,50O,000 more, making $i,5OO,OOO. The
syndicate has already sold the $2,000,000 OF
bends in Europe. The proceeds of these
bonds will be put into improvements of the
property, part of it going to pay off an
advance made by Mr.. Vanderbilt.
The cotton market is firm. and ono of the
largest sellers is Mr.. Ranger.
Other large dealers sold April, but bought
the months later on. The feeling on
Change is somewhat more bullish. Apri
notices are out in quantity, but do not seem
TO affect prices.
1t appears that tho cotton bulls, after show.
ing conservatism, have at last the upper
hands. Eighteen months of stagnation may
bring a Waterloo for the bears. Higher
prices and severe reactions Ito make advance
healthy arO now in order, but we would ad
wise buying at once in preference to discre.
tionary orders to brokers.
The feeling at the close was intensely bull
ish, and it is useless to disregard public opin.
ion, which sides with the bulls.
Receipts to-day are small. Liverpool mar
ket advancing. Would advise buying on
easy reaction.
Sales of stocks to-day aggregate 2l0,03
shares, including Delaware, Lackawanna ant
Western, 30,250; Erie, 1850; Lake Shore
S,9l5; Missouri Pacific, 4,125; Northwestern
1856; Reading, 5000; st. Paul, $500; UnioI
Pacific, 2i,725; Western Union, 1926; North
ern Pacific preferred, 800; Oregon Trans
continental, 1880.
STOCKS.
Following are opening and closing prices o
principal stocks, as corrected by special wir
eports received by Bateman y Co., bankers
No. 1lIl street northwest
opsnmo. Cyo,m0
Delaware ana Hndson"...,..,..,".......10 107Is 1U7
western Ini9l"'''''' '''''"'.''"..''''.'"' Ill2 7Ol
New York Ccntral,,..,,,,...,.....".... 1liG liii
iirie,";.",''' ells II
ioHisvic and AN az
Chicago and Northwestern .,o.,.,,-,... 1l7ls li01
Rcnso, MwaGEcGt, ana I Raui.... stiis s5
MAhAstl' y. LOUIS hmd tactic :......," l3is IL