National Republican. (Washington City (D.C.)) 1872-1888, 1884-11-13
THE MARKETS.


Numerous Small Cliqucs viking the Stock
Market for All They Can Get Out Of 1t
Otherwise Trade Is Foaiurelts.
NEW YopR, Nov l2.-Thc feeling Mt hotels
last night was generally bullish, and an active
aud higher market Is anticipated.
New bun pools have been formed IN Union
Pacific, st. Paul. Western Union, Eric, ana
Delaware, Lacs9wauna, and Western. Inc
parties identified with the movement ufe
John Bloodgood, slayback, Wornscr ). v
White. d. T.. Morgan, aud Ncwcomb, The OK.
Chango place party are believed To have re-
,ducpd their short interest
II is reported That the Vanderbilt houses ro-
comfy bought lUOD0 10 2l,OD shares of Lake
shore and new York Ccuriu, President New.
ell Is quoted as saying the Lake Shore ~ iu.
orGnslng his cuisines, so ~ to- inHurr earnings
equal to per cent. on the capital stock Tor inc
year Many shr0wd brokers sny the general
! market is 50 largely uversold that frequent
! sharp rallies will probably be In order, even
| " prices 40 lower uitCrwnrd.
Tho iirmncss yesterday afternoon was all
| al.iibWpl 20 tic OvCgSOld condition and Lon
| dIu Buying ni The mnrNct.
! bankers rCpurts money ON cnll very nhuld-
| ant Cud Si,Uu,Jb were offered yesterday IN
! the board al pgr cont. There Is little change
| I'm the iron trade, Manufacturers are trying to
| get SIS at the mills, but the competition Is very
| sharp. IL il reported that the New York Cen.
| trail railroad has made II contract for 1900
! tons.
Tho weakness IN Central Pacific is attrlb.
utod TO the liquidation of n large holder
| whose loans have been called.
The large buyefs Of Union Pacific to-day
Stephens and Lawson Douglas * 90.
IN Lake Shore, J.. $, He'll bought and bid
6lH for any part of 1000 shares up to 3p IN.
| DrummOnd also bought this stock.
The Canada Pacific railroad company paid
on its sj,OOO,OJ0 loan on Saturday last Tho
foreign exchange market is very, quiet nnd
without feature. Government bonds are dull,
a Philadelphia dispatch says It is under
stood that the Reading Railroad company has
not yet decided about the Jersey Central diyi.
dend, whether TO ollcr the whole or part, ot
mono. A fierce war In freight rates In tho
Schlykill valley Is raging between tho Penn
sylyhnia and tile Reading company.
the coal trade journal says there seems tc
be tone of real llrmness to the anthracite
COIL trade FOR tho first time this ycnr IL IN III
tact very firm and likely to advance sharply
rumOr is current that the Northwest rail
road had notified Its stockholders of intended
reduction of the dividend. Vice President
sykes says IL is an unqualified lie, aud says the
usual dividend will he declared.
The declines in London caused depression
mere this morning. Lake Shore was bought by
J.. V. Bell and 4. II. Drummond, and sold BY
Fanshano ~ Milliken.
The Germans and commission brokers ar,
buying Union Pacific, No special feature in trad
ing In st. Paul, PrObst, J.S.Jamcs, Won Holman
MudsmOuth and W. brown sold; G. II. Marvin
Coonbs and +, X Willard bought.
Little was doing in bonds, except In Fri,
seconds. George Dickinson sold them dow
one per cent.
Loan rates - Delaware, Lackawanna ant
Western, 36I; Union Pacific, l.32; New Yorl
Central, 1872; Northwestern, LIS; Eric seconds
l-6l; others unchanged
Trading 10 day has been very dull Til,
opening showed fractional declines, but unde
the lead of Union Pacific prices gradually i'm
proved, and Delaware, Lackawanna an,
Western showed great strength Before moo
|
Delaware, Lnckawannn and Western MI,
other active stocks about "a.
The afternoon trading was featurelcsi
Prices were ut their highest points in the clio.
lug hour, and the tone was decidedly firm
There is very little doing in bonds and que
: tations showed no changes
Quotations Of Wednesdays Stock Sales.
The GLOWING hnve, been furnished by Bate