National Republican., 1884-11-27
STOCK AND GRAIN MARKETS.


ClHcs-hfhln anu tfOiislOns
NEW YORK, Nov. 2G.--The remarkable
strength of tho market ut the closing
caused the gathering Of large and
sensational crowd Of Spectators at tho
Windsor last night. The sudden change
was not very well understood. Usually well.
informed brokers declared that Gould Connor,
Morgan, White aud Slayback were large gem
oral buyers, and upon unfoundcd reports Of
settlements Of the trunk line troubles at the
meetings in New York and Chicago, and tho
runOr that Woerishoilor had turned bull.
there was outside buying, which helped the
Ecucrnl bull movement considerably. WOcr-
ishOller plumpy denied the report that he
Joined the bun party, but admitted that no
was not selling stocks with money Offering at l
per cent.
Morgan said prices had not fully began rising,
he believed Delaware, I.uCkawanna and West
ern sell AT ll6 next week. lie and family leave
here Tor washington today to remain during
wintor.
Gould told friend last evening that he had
been very busy fixing new Texas Pacific plans,
and an understanding had at last been reached.
Gould expressed himself exceedingly bullish
ON stocks and declared that there nrc none
pressing for sale at present figures. Further
the same people who arc now great bears
would within six months DO bulls, with
the prices - points higher.
C0mmaCk says he has no interest In tho
market but there were indications last night
that ho and Wocrshoher intended to throw
outa line OF shorts this morning If they could
find market Tor them.
The Exchange place bears on New York
Central declare that there can never be any
| harmony between West Shore aud the New
| York Central until Vanderbilt offers to pool
all compgtitng business In this state, which
| makes the prospects OF peace very remote.
| There are no symptoms of truce as yet, Mt all
! events upon passenger business, and the gene.
/ ral situation has in no way improved since
yesterday.
II. n Smith declares himself still bearlsh
| but ne IS not short OF any considerable amount
of stocks. He holds that tho bulk Of the great
| western wheat crop has been already sold and
moved, and that the farmers will only net
about 10 cents per bushcl for their corn.
There are evidences OF plenty Of stock for
| sale Mt the advance In New York Central.
Ticket brokers say the sale Of round.trip
| tickets to Chicago Is again suspended Rates
/ west OF Buffalo have not been Hs low as wns
/ rumorcd on Monday, The Chicago rate is g,
| thus permitting rebate on Chicago tickets
| from Buffalo.
! It has been ascertained directly from officials
| that all reports of settlement with West shore
| by Now York Central were absolutely untrue
! Railroad earnings: Northwestern, third week
! In November decrease, SIS l79
! inc decline in exchange rates was caused 10y
a cessation Of the demand for bankers bills
! Vanderbilt brokers say there is no doubt
| whatever thata n rate will prevail between
| New York and Chicago before the passenger
| troubles are ended. The Central is lii the war
| 70 llNnl 10 Lhc bloody Cnd.'
| Ihe market opened strong, 81. Paul and
| Northwestern being the features with nd
! vunccs "a, the others a higher, and the
| trading very active Prices advanced - hdur.
ing the first hour but the Gould speciultiGs
! did not follow the advances and the bears
| soon began hummcring Union Pacific, and it
| ylcldcd14 under free sales. Western Union
also hung fire, but the gTansGrs were the
! strong bull cards, and aided by Delaware,
Jacknwanna aud Western held the rest Of the
| market fairly steady.
At noon, Union Pacific was u below the
! opening, Western Union y, but the Wander
| biltS had gained ~ and other active stocks
were lracionnlly higher.
In the first hour Oi the afternoon the market
| WIS dun and Irregular, the traders watching
| the Gould stocks for a line us to Gould's inon.
| tions.
At l:l5 the trading grew active, and q sharp
! advance along the line followed and this I'M.
| proycment held right up to the closing, which
showed ievcrish and buoyant market ut the
| highest prices of the day.
| There was rush to cover shorts aller .
! O'Clock, when Union Pacific began advancing.
! There was some talk OF favorable legislation
| by congress for the Pacific roads, and the re-
! licrntcd rumOrs OF Il settlement of the passen.
! ger wars were the afternoons news affecting
! prices. Indications point to II strong market
! for Friday and Saturday.
Bonds were active and generally higher
| Money loaned ut %, closing at -.
! PHILADELPHIA, Nov 26-rhe O1icial state =
| ment OF the business OF all lines of the Penn
| Syli'lnla lthllrohu company east OIL IltlsDurg
| ana Erie for October, 1881, rs compared with
| the same month in 1888 shows IL decrease in
| gross earnings OF Si21, sol, n decrease In ex-
| peilscs OF sl3i,3j3 and decrease in net earn.
| inBs OF S293 AS. The ten months of 1881, W
compared with the same period of 1883, show
decrease in gross earnings of a ,922, 80, de-
crease in expenses of 81, ,OJi, SH, und II decrease
IN net earnings of sS277 All lines west OF
Plttsburg and Erie for the ten months of 1851
show deficiency In meeting all liabilities ui
! SJlhOjb, being decrease as compared with
the same period OF 1888, Of u ,GSl III.
OnOtnllOns OF WehnoSLnN,s Sinck Snlna.