National Republican. (Washington City (D.C.)) 1872-1888, 1884-01-30
THE MARKETS.
Stocks Firm With Strong Upward Ten.
denCy.
The Big Fish are Swallowing the Little
Fellows.
SDecinl Dispdteh.

CUtCNl DItDutC1s
New YORK, Jan. 29-The market opened
to Z higher than yesterdays closing, and
steady advance set in, which grew into q
boom, in Delaware and Lackawanna and ST.
Paul, lasting until 1870, at which time re-
action began. The Northern Pacific stocks
were strong and higher, except Oregon, which
fell of per cent. Manitoba was advanced 6
per cent. on tho shorts Delaware and Lacka-
wanna and St. Paul were tied up by traders
and shorts covered extensively. Gould was
credited with forcing tho twist on the shorts.
Western Union was advanced by large sus-
tanning orders. There was a sharp borrow
ing demand all day.
After 100 the market was sol on doubtful
Chicago kilograms of new complications in
the Iowa pool. Bonds were higher, and West
Shores led advance on rnmors Of favorable
change in financial affairs. At 2:30 the
market was about lower than the highest
prices, with very large transactions.
The market closed strong and at nearly
top figures under the leadership Of st. Paul.
Brokers report considerable increase in out
side business yesterday for the first time in o
month, but mainly for quick turn.
Nobody would admit they had been twisted
by Oregon corner, but IL was we'll known that
q batch of shorts had boon bought in at high
figures by prominent bear houses.
=, The Times gives ST. Paul earnings last year ::
Net earnings, SD,ss1o0o, and balance of
$1,SS6,00O.
Under the new rules of the exchange the
Northern Pacific preferred bought in yester-
day may have represented five times tho
amount of stock, which would havo been
bought in under the old rules.
1t is reported on good authority that Van
,derbilt Is silent partner in the now Oregon
Transcontinental syndicate.
Todays advance Ia credited TO Gould, and
the advance in st. Paul is alleged to be gain
ing for Mr.. Smith.
1t is stated that the stockholders OF tho
Oregon Transcontinental cannot bring suit
against the company for sale of assets as
the Oregon Transcontinental is practically a
construction company aud free from law of
railroads. Insiders in the Northern Pacific
figure Oregon Transcontinental to be worth
30, provided the Sc, 00O, 900 syndicate avails it.
self Of Its option. If 1t don't, the value of the
expiration of its option will be governed by
prices then.
Good authority says parties acting for Van
derbilt have made propositions for control of
West Shore.
Vanderbilts purchase of West Shore bonds
Is alleged to have been made for their assent
ing power to this proposition.
Sales of stocks to-day aggregated 156,20l
shares, including Central Pacific, 5000; Della
ware, Lackawanna and Western, $685. Den
yer and Rio Grande, $500; Erie, 1900; Kan
sas and Texas, 1910 Lake Shore. 1907
Louisville and Nashville, 1925; Missouri
Pacific, 1880; Northwestern, 16,470; New
York Central, 500; Northern Pacific, 7,s45
Pacific Mail, 400; Reading, 1900; ST. Paul
S2,634 Texas Pacific, 1900; Union Pacific
$4,000; Western Union, 1916; Canadian Pa
eifc, $500; Northern Pacific preferred, 81,
405; Oregon Transcontinental, 49,600.
STOCKS.
The following are the opening, highest
lowest, and closing prices of the principa
stocks for the day, as corrected by special wir,
reports received by Bateman s. Co., bankers
No. 1411 F street northwest: