National Republican., 1884-04-08
THE MARKETS.
Stocks and Grain Steady and Dull, or So
Described.
Interesting Gossip from the Great cities
OF the World.
Snenini Disnnlnn.


NEW YORK, April The market opened
steady, and was dull up to 1 o'clock, except
for Union Pacific, which mopopolized busi-
ness, and advanced on what appeared to be
covering. This caused the entire market to
advance up o'clock, when raid on Western
Union and West Shore bonds weakened tho
market. Next to Union Pacific the most
active stocks were st. Paul, Lake Shore,
Western Union, Lackawanna, and Reading.
The Trunk line situation and Union Paoihc's
condition were tho main features of discus
sion. The covering seemed to he general.
The Gould and Vanderbilt stocks we're steady
and dull
Regarding the Oregon Transcontinental
loan, which is due this week, q gentleman
who has 500, 900 of il says IL is held in New
York and will be renewed without difficulty.
Large pools were formed last January in
Union Pacific, Western Union, and others on
legal agreement that stocks should not be sold
for six months, and as security the numbers
of certificates were noted. IL is reported now
there is some uneasiness among these poolists
on account Of Gould's position in the mark ct
There was sono talk yesterday of bad feeling
between Gould and prominent operators on
account Of the peculiaritios in tho decline of
Union Pacific and Western Union.
The Wabash mortgage of $40 900 900, which
the Chicago papers report as being filed in
Counties in Illinois in favor of the Iron
Mountain railroad, is said by Solon Hum
phreys to be the old mortgage authorized by
stockholders some months ago.
Counselman & Co.'S Chicago special says:
! " No help for corn until the surplus disposed
of, that will be about 40 cents, and provisions
will follow corn. The big holders are now
convinced that provisions must be eaten, and
that they will not be touched at these prices.
Foreigners will not buy while American mar
kets are dropping"
1t is stated that Gould and Vanderbilt held
an important conference yesterday and de-
,cided to sustain the market at about tho
present prices. Gould is reported as talking
much more bullish this morning
1t Is stated by insiders that the only change
to be made to-day in the election of trustees
for Denver will be that Mr.. Strong will sue
ceed Gen. Dodge.
Charles Head Il Co. furnished the follow
ing particulars of issue of Chicago, Burling-
ton and Quincy stock: Ten per cent. addi-
April 10 at par. Books close April 10, reopen
April "a. Ten per cent. will be payable May
81, 80 per cent. Aug. 20, 80 per cent Oct. 90,
and 90 per cent. Dec. 20; stock to be deliv-
cred Jan, 1, 1885. No subscription allowed
after May 90 therefore rights can be dealt
in from April 10 to May 20. Tho present
capital stock is $71 ,9i1 ,2i6, and with the
addition will be $40, 1880.
1t is estimated that $l5O0O,0 600 will be paid
out in Pennsylvania this year for railway
construction and equipment.
West Shore bonds were sold on reported
issue of 81, 100000 second mortgage bonds.
Boston special this afternoon says: II am
told that Union Pacific gross earnings for
March show decrease of about $300,0O0."
Sales of stocks to-day aggregate 253, ,53i
shares, including Delaware, Lackawanna and
Western, $780, Erie, 1890; Lake Shore, 12,-
410; st. Paul, 35900; Reading, 1900 Union
Pacific, 81 400; Western Union, 20,S50; Ore
gon Transcontinental, $3.50; Northern Pa
cifc preferred, s,40O.
STOCKS.
Following are opening and closing prices OF
principal stocks, as corrected by special wire
reports received by Bateman & Co., bankers
No. 1l4l + street northwest: