National Republican., 1884-11-26
STOCK AND GRAIN MARKETS.
Rumors Of Settlement OF Railroad Troubles
Makes the Bears Turn Bulls-Chlcago and
Baltimore Prices.

Rumors Of Settlement OF Railroad Troubles
Makes the Bears Turn Bulls-Chlcago and
Baltimore Prices.
NEW YORK, Nov 25.-It is understood that
new and strong bull pool in Delaware, Lacka-
wanna and Western, for 20 points rise, has
been formed
s. " White says the coal bins are empty and
there will soon be n big demand for coal Tho
net earnings Of the Delaware Lackawanna
and Western for the year are fully 10 per cent.
Yesterdays decline in Northwestern, after
the dividend, was attributed to the operations
of Woerishollcr, who dumped lot OF cheap
stock on the market as soon as the dividend
was declared.
Cammack, Travcrs, and others have re.
turned from Maryland, aud say they have no
interest In stocks.
There is considerable gossip about West
shore and New York Central coming to some
agreement on passenger fares, but both parties
deny II. Judge Hilton, who represents n large
Interest In West Shore, besides Wocrlsholler
and Pullman, are all in favor of war against
New York Central to the death.
Several OF the brokers who execute large in
| vestmcnt orders in bonds for the insurance
and trust companies say they have been buy
ing largely, and have more large orders to fill
The great difficulty IS to find securities.
One Of the largest Of these brokers said the in.
Nestment demand Is suro to extend into good
| STOCKS because the banks will soon stop pay.
ing fair interest on account OF the plethora of
| money.
A leading Wall street banker and broker said
| last night that he could plainly see that big
january rise Will be tho result, regardless OF
what my come In December.
Traders thought last night that the stock
market would probably be lowerthis morning
| mainly because of the good selling of Rock
| Island, Northern Pacific preferred, and few
Others yesterday, and they were anticipating
| reaction i'll Texas to-day. Tho short interest
is said TO bo pretty well out of the market but
a new one is forming; From all accounts the
Gould people arc doing but little, and they
continue strong bulls on tho Union Pacific.
Prominent railroad men pooh pooh the re.
| ported compromise or settlement of railroad
passenger difficulties They say the lull is due
entirely to the indspostion on the part of any
ofthe Contending roads to tako the initiative
in regard to further cutting. Rates must 20
| lower before basis Is reached for settlement.
ST Louis dispatch this morning says the
prospects are Frightening for q settlement OF
the Missouri river and 81. Louis passenger
war.
A Chicago dispatch says the heavy move.
n dncnt Oh gram TO the east this week is due to
ere now cutting rates, which will bo maintained
until old contracts have been disposed Of
An excellent authority says the West Shore
sold, over its own counter, last week round.
trip tickets to Chicago for Sl7 in direct viola.
tion of the agreement.
People largely interested In Erie say that the
salaries OF all high officials have been reduced
~ per cent. by Mr.. King, and In many cases
hayo been dispensed entirely with. The new
board will rescind q resolution OF the old
boards creating the position of chairman ol
the executive committee, at n salary of SiDO OOl
per year, Mr. Jewett and his friends have
been entirely omitted from the new directory
IL is announced this afternoon that Wocris.
hoiler has turned bull He says he has Gov
cred all his Northern Pacific preferred, aud has
no more shorts now.
The opening was fairly active, with slight
advances. Trading soon quickcned upon re-
ports that the passenger rates war was practi
cally settled. West Shore bonds, on very
heavy transactions, gaiued &, and Erie seconds
were In sharp demand Stocks Immediately
improved, Northwest, Lake Shore, and Della
ware, Lackawanna and Western leading the
advances. At noon on total sales of U3, go.
shares the active list showed gains of I2 to "A
from the opening figures.
In the afternoon Erie seconds rapidly ad.
yanced to. 6Gl9 (23 above the opGning) or
heavy buying Tor London account and favor
able reports of the floating debt being providct
ior by the new directory. Then the bulls
spread the report that WOerlshonor had GOV
cred all his shorts and turned Il rampant bul
on the market, whereupon there was a rush K
cover by the shorts interest Prices rapidly
advanced, and the entire list, at the closing
showed the highest of the day, with feyerisl
but decidedly strong feeling
The air was full of bull rumors at the clos
ing settlement of railroad troubles. Fri,
debt provided for'tho big bears turning tC
bulls aud Cincinnati and Columbus, and the
bulls were complete masters of the situation
at o'clock, Yet, tho hurrah seemed to bC
too hearty to last, and the temptation to realiz,
on the advances tomorrow will probably
check the boom.
Bonds were very active and strong, Fri,
seconds and West shores leading the advance
aud trading as above mentioned. None!
loans y per cent
Quotations OF Tuesdays Stock Sales.
The following have been furnished by Bate
] " IL atrnp hnI,, 4,
mosthctlVe stocks in the New York exchange:
OD'D. High. Lou. CsO Sales