National Republican. (Washington City (D.C.)) 1872-1888, 1884-11-18
THE MARKETS.
A Day OF Fairly Active Trading In Wall
Street-Gossip Affecting Prices - Chicago
and baltimore Quotations.

Day or Fairly Active 1Fauing In Wall
Street Gossip Affecting Prices - Chicago
and Baltimore Quotations.
NEW York, Nov. 1.-THE bears were In
greatest force at the Windsor Saturday night
but the bull leaders who predicted the recent
advance said another upward turn would
come this week, and Morgan thought II would
come to-day. Some large commission houses
advise customers that there are many indlca-
lions Of another boost shortly, but possibly not
until tomorrow.
Connor's brokers bought Union Pacific every
| - down TO the extent OF 1000 shares, aud they
J talk of o. before Dec. l.
one OF Gould's friends says Gould has only
| borrowed siO0000Q time money. He says that
! there Is u bull pool in Texas Pacific and Texas
| and Rio Grrnde for to 10 per cent, and
/ Chicago IL talking them up strong. There Ia
| also n bull pool In Kansas and Texas.
| The east bound traffic Of tho trunk lines was
thrty-two tons less than the previous week,
| but 500 increase over last year
Woerlshofer said he covered 5000 North
| Western at a loss of per cent Friday, having
made the sale for the purpose OF testing the
market, lie isycry bearish on Northwestern,
aud sayB It is not worth moro than st. Paul
| II was reported last evening by people ldenti.
| fed with the Vanderbilts that the North
western dividend will be scaled down this
| quarter, and the meeting Will soon decide
thereon. Cammaok and W0erishoiier main
| tain thore can't be any sustained advance In
| the market until the tonnage OF the railroads
| increase and the cutting will surely continue
until there il more traffic for them. The
market, W0erishoiior says, IS now too narrow
| TO 20 heavily short or long of, but he under.
stands the Chicago operators are very short Of
| the grangers.
lie says the trunk limo traffic Is much less
than last year, aud there IL one more road TO
divide the traffic with. Ito thinks that should
New York Central skip It's next dividend the
stock will drop to 65. There Is no prospect Of
any compromise with West shore. Field re-
| qucsted Wlnslow on Saturday to restore rates
on the West Shore, but admitted that he was
not an owner of West Shore bonds. Winslow.
In turn, suggested that Field should first try to
induce Humphreys Of the Wabash to restore
rates on his road, which - carrying passengers
about COO miles for 81. WOerishootier says the
September net earnings of West Shore were
100000, aud the company has no ilxed changes;
the October earnings ran u little behind.
The Pennsylvania railroad 10 still maintain.
ing rates, and the general situation Is about
the same as on Saturday.
The Philadelphia Press prints I'm interview
with Gould In which he says he does not ex-
poet any violent change that will inlure bust
ness. He thinks general business will improve,
and he Ia a great bull on Union Pacific.
1t is expected that fnaiarrangementsl look
ing toward reorganization OF the Texas Pa
cidc company, will be completed By, Thursday
and tho new board of directors will be closely
identified with the companys interests.
There is a large amount Of unused capital in
the banks one million dollars In United
states notes WIS ueDD5lleu III tnt ltllltu NlNtNs
subtrcasury last week for certificates Clearing
house, act of June s, 1872 which are used in
payment of balances among the associated
banks.
The great activity in Union Pacific has at
tractod great attention, and many theories are
advanced for 1t. Martin IL schmidt and How
ard LapSoy have been the heavy sellers 1t II
supposed for Exchange place bears. But somt
say the orders came from Common, and tht
bears pretend to believe that Gould Is getting
out on the quiet
William Heath & Co. borrowed 10000 shares
of Union Pacific this morning.
In Western Union the shorts have covered
the buyers being Elliott, Schepp, Kirkhall, nnC
, j. Wilson, the sellers De Cordoya and Peters.
President Samuel Sloan, of the Delaware
Lackawnnna aud Western, says at does no
matter what rates Others may make we shall
not lower our present rates. We hay
alOof from this fight since the rate to Chicag
was reduced to 2l2, and in order to protect GU
, local interests have determined to make II,
I further concessions"
A private Chicago dispatch says Northwestern
earnings for the second week in November dc
creased Sl02 900, but the Official figures are no
, yet public.
The frmness and advance in the marke
/ this afternoon was partly attributed to n
, buying by Morgan and the room traders, tn
latter being bullish again. The market /
, much oversold. Powers Il Son put up North
/. western and 5; V. White bid for this stock,
/ A Chicago dispatch says despite the schedul
! rates ordered for to-day the roads take graf
: at best obtainable rates,
q The opening was dull and rather veal
+ The Germans pressed Union Pacific, North
n western, and Western Union for sale, bu
these stocks yielded slowly, aud by noon o
total sales of H., 800 shares the general markC
I was about the opening figures, and CROWN
4 steadily in strength on rather light tradinj
n In the afternoon the Germans made n d
a termined drive at Union Pacific, Wester
!. Union, and st. Paul The bulls rallit
i quickly, absorbed all the stock offered, nj
I, then began forcing prices upward. one stoC
a after another was taken in hand till,
a 1Ij o'clock, the best prices of the day WEI
il reached, averaging per cent, above the opel
. ing. The Nanderbilts were strongest, Il
Changers next, and Union Pacific the weakes
II From this till 2:lb the market gradually saggc
/ OFF "a to * In the closing hour the tone WI
. weak Union Pacific led the declines at /
n loss. Western Union was also weak, the 9TH
n active stocks showing * to gain on the da
ii There were strong suspicious of inside selliI
i in Union Pacific and Western Union, and Il
. bears were very bold in their attacks on the
4 stocks.
N BosToN, Nov 1.-The annual report of II
n Boston and Albany Railroad company, vii
"a the exception Of the financial statement whC
n has boon published, shows that the freig
r earnings have decreased from Hi72lSD
"a 1852 to $1,000 3O2 and the rate per ton per mi
from l2O to 1903, loss of S3Sl ,S7S, owing to Il
, decrease in rates The passenger traffic shO,
!, a loss of $50, 325, the whole loss coming fro
the receipts from passengers carried to al
from other roads.
Quotations Of Mondays Stock Sales.
The following have been furnished by Bal
T. man Il Co., bankers, lIll + street, being q