National Republican. (Washington City (D.C.)) 1872-1888, 1884-03-18
THE MARKETS.
Stocks and Bonds Beginning 10 Show Signs
Of Life.
what is Thought in Chicago About Corn
and Wheat,
SDccfdl Disp1ich.


NEW York, March 1.-THE market
opened strong aud advanced sharply until
noon undor lead of Pacific Mail to 569 aud
West Shore bonds to 50,. About noon the
advance in exchanges caused q reaction which
lasted until O'clock, when % rally set in,
New York Central was the weakest stock.
The grangers Union Pacific, and Gould stocks
were strong all day. Bonds were steady.
The afternoon market was noticeable for
another advance in Pacific Mail. The days
trading showeda fractional gain compared
with tho opening. Closing fairly steady.
Hotel discussions last night we're bullish
on account of news of conference of the
Northwestern managers Saturday, whom it
was agreed to maintain rates and to call n
meeting early this week to form a new pool.
Woershooiler is said to have caused advance
in West Shore bonds Saturday.
A prominent member of the Gould party
said Saturday that tho market would go up
considerably as soon rs Mr.. Gould returned,
and Gould had telegraphed buying orders
Friday from Fcrnandina, Fla.
1t is stated on excellent authority that
there is no pool in Pacific Mail; that great deal
of stock has been taken from the street that
the companys affairs are in better condition
than since 1871, and that regular dividends
will be begun very soon.
A Chicago dispatch says: Wheat will BIO a
sale OH bulgcs or purchase on breaks for the
present as it is about even which side has
advantage at present. If corn recep pts fall OF
rest oflist with 1t. On first appearance OF such
decrease we should cover short on corn and
provisions.
The Boston Transcript says "Oregon Navi-
CATION earnings for January show decrease,
but for January and February together they
arc about tho same as last year.
IL. b. Hollins & Co. have placed S1,500,000
of the new $4,000 por cent. general mort
gage of c., c., G. q l. Railroad company. This
mortgage covers leasehold and freehold and
stock of indianapolis, st. Louis, and Cincin-
natl and Springfield roads, and all terminal
points. OF this S12000,0O0, $7,500,000 is re-
served to retro prior lien of $L5OO,O00. Tho
price obtained was about par and interest
Baltimore specials say that the reduction
In trunk limo rates gives satisfaction in that
city. 1t is thought with rates so low that
mono Of the roads can make reductions with
out losing money, and ditlorential rate of 3
cents per hundred pounds in favor of Balti-
more will be no further cause for complaint
in that city.
Parties we'll informed concerning c., c.. C.
and l. say the dividend will be declared and
paid as soon as the scrip can be printed. In
case OF any effort to postpone payment the
stockholders will try in the courts to compel
the payment of 40 per cent. in scrip.
The feeling in cotton is very bullish aud
In strong hands. There may be u temporary
reaction, but it will be Immediately checked.
Henry Clews & Co. say: We have asked
our Chicago correspondent about the report
Of rate cutting in the west and he replies
"The report is absolutely correct. A freight
solicitor of the Chicago, Burlington aud
Quincy has just told me that his instructions
gre not to allow single shipment of any
kind to slip through his fingers for want of
gate low enough to catch it,"
The New York Ecening Post Chicago special
says indications at Chicago are of q speedy
settlement of all trouble on northwestern
and southwestern rates Prospects are for n
large business, and this excrts strong infu.
ence Oh the railroad managers
Union Pacific has been sold on ongressional
action toward reduction in rate of mail
compensation to Union Pacific and Central
Pacific. The sellers were Slayback, Brandon,
Munro, Wyckotf, Kirkuer, and Bird.
Sales of stocks to-day aggregated 217,793
shares, including the following: Central Pa
cifc, 5,S25; Delaware. Lackawanna and West
ern, $4,000; Erie, $3.50; Lake Shore, $3.50
New York Central, 5,0O0 Northwestern, IL :
$50; Pacific Mail, 2s,930; st. Paul, 29,SS5
Union Pacific, 27,400; Western Union, 1850
Northern Pacific preferred, 1900; Oregon
Transcontinental, 10000.
STOCKS
Following are opening and closing prices of
principal stocks, as corrected by special wire
reports received by Bateman & Co., bankers,
No 141l l. street northwest