National Republican., 1884-02-22
THE MARKETS.
Stocks Dull and Sluggish, But Prices Very
Stiff.
A slight Reaction Moro Noticeable In n
Few Securities Mt tho Close, However.
Specfdl Dispnirh,


NEW YORK, Feb. 21.-The market opened
dull, and was dull until II o'clock, when it
strengthened under the lead of Lackawanna
and Reading Both Delaware and Lacka-
wanna and Reading were advanced sharply.
st. Paul and Lake Shore were higher and
quite active. Dullness and strength in other
stocks were the only features up to o'clock.
About that time reaction in coal stocks set
in, causing general decline
Tho borrowing demand was fair all day.
Union Pacific Louisville and Nashville,
Northern Pacific preferred, and Now York
Central lending at premium.
The days trading was pivoted upon the
coal stocks, and 1t was very dull one, clos
ing lower under free realizations over the
holiday by the room traders, who bought for
turn in the earlier trading, Bonds were
strong and active.
1t is said the market for Louisville and
Nashville has been supplied extensively by
insiders, and the stock is likely to go lower.
The Windsor party made good deal OF
capital out of the statement that the action
Of the subtreasury regarding payments OF
silver on balances to the banks would have
unfavorable effect in financial affairs, and
this was the main subject discussed last even-
ing.
Gould and Sage's friends say they are both
very bullish upon the market.
Vanderbilt talked very bullish yesterday,
but the "boys" believed he was selling all tho
same. The Vanderbilt party talk 106 for
Lake Shore by Saturday night, So for Read
ing next week, and 140 for Lackawsnna.
Good authority says large amount OF
Union Pacific was transferred this week to
Gould, W. L. Cannon q Co., and Work,
Strong & Co., and parties likely to know say
Gould has now control of Union Pacific.
Al IL. g wNNaI txvsI IANN1 Ia
to be made on Lsckawanna, several members
Of the bull pool in this stock say some divis.
ion of the surplus will be made this spring.
Gould, in an interview last night said :
"Never in my experience have been Obliged
to take soafew stocks in advancing the mar
ket as during the present time. Mr.. Wander.
bilt tells me that his experienced is the same"
He said the Northern Paci6cs were no longer
cloud over the market. They were oil
right. The winding up of Oregon Trans
continental has never been discussed by the
directors.
A Chicago dispatch states that a largo grain
house was discovered offering oats in Boston
day or two since at prices less than regular
trunk line freight rates would permit OF, and
upon this fact Commissioner Fink learned
that grain had been shipped at cut rates by
the "Bluo line" over the Michigan Central.
1t is stated by the Western Union officials
that the company has % written arrangemen,
upon this the Western Union is fighting the
Baltimore and Ohio.
A Philadelphia dispatch says: The annual
report of general manager of the Reading
company shows the following increases in
1888 compared with 1882: Coal tonnage
35 $40 per cent? merchandise, ~ 4-10 pei
cent. passengers carried, 81 BIO per cent.
receipts from coal transportation, A3 4-10 per
cent; merchandise transportation, 81 9-10 pei
cent; passengers transportation, 4s $40 pei
cent? total receipts, 80 lilo per cent.
Sales of stocks to-day aggregated 335,51s
shares, including tho following: Delaware
Lackawanna and Western, az, 800; Denver and
Rio Grande, 5000; Erie, 1000; Lake Shore
33,6l5; Louisville and Nashville, S,310; Mis-
souri, Pacific, 800; Northwestern, $3.50
Pacific Mail, 4,4Oo; Reading, 10000; st. Paul
3Sl6O; Texas Pacific, 800; Union Pacific
13,4OO; Western Union, 5735; Oregon Trans
continental, s,595; Northern Pacific preferred
1876.
STOCKS.
Following are opening and closing prices o
principal stocks, as corrected by special wirt
reports received by Bateman & Co., bankers
No. 1411 street northwest