National Republican. (Washington City (D.C.)) 1872-1888, 1884-03-22
THE MARKETS.
Drezel, Morgan & Co. Again Dealing in Ex-
Willard Stocks.
A Big Syndicate Said TO Ne Under
Wheat.


NEW YORK, March 21.-The market
opened lower on reduction in rates on east
bound shipments from Chicago. The decline,
however, through the morning was light,
with few stocks fractionally higher. Tho
ex-Villard stocks were feature In the after
noon at an advance and the most active
stocks were Union Pacific, Delaware aud
Lackawanna, Northern Pacific preferred, and
Oregon Transcontinontal. Bonds strong with
West Shores shade better The market
closed dull and featureloss.
The Thomas Iron company yesterday sold
10000 tons of steel rails under the market.
President Clark, of the company, says: Rails
must go lower to reach the true demands Of
the trade"
There appears to be new pool in Oregon
Transcontinentsl, and Philadelphia bought
stock yesterday. 1t is rumored that papers
have been drawn for suit by now stockhold-
ers to recover from old stockholders the
amount not paid in on capital stock.
The break in Union Pacific was on heavy
selling by l.. X. Willard & Co. estimated at
10000 shares, and this selling was attributed
TO Mr.. Cammack. IL is reported that Keno
had q block of the stock put to him which
he sold out.
Vanderbilt brokers continue buying st.
Paul.
Members Of the Mill-bank party advise
buying st. Paul for move.
Mr.. Vanderbilt is quoted rs saying that
Lake Shore would cross 10 before May l.
A bull pool, said to have been made in
Peoria, Decatur, and Evansville with tho
intention of putting this stock to 20. The
company has 100000 ON hand and no float
ing debt.
1t is stated the American Express company
have largo surplus, which will BIO divided
this spring or used to increase dividends to
per cent.
Vanderbilt brokers advise buying Indiana,
Bloomington and Western and Nickel-plate
seconds.
There was good buying of wheat and ru-
mored syndicate of Amour, Kent, and New
York parties buying. Corn was quiet and we
don't expect much change unless sympa-
thized with wheat advances. Provisions
steady on small trading.
The bond dealers say the higher priced
railroad bonds have been practically taken
from market, consequently there is a sharp
demand for income bonds which have not
advanced greatly.
Atlantic and Pacific incomes, Rochester and
Pittsburg incomes, Green Bay incomes and
numerous western road incomes arc likely to
advance now.
Bankers do not anticipate that any gold
will be shipped by to-morrows steamers,
preferring to wait for the City of Chester,
sailing Monday.
Lester & Co., of Chicago, telegraph |:
thinks last reduction will not help Eu-
ropean grain shipments, as ocean freights are
higher to Offset Fink's railroad cut, besides
grain to the seaboard has been carried at 10
cents on rebates"
A Chicago dispatch to Quinlan G. Co. says /:
with all the absurd rumors of export de-
mand of the big moguls buying, wheat is now
about half cent from tho bottom. This is
ridiculous. The labor of the mountain re.
sulting in mouse"
1t is reported that the Canada Southern
Railway company has negotiated the sale
of tho entire issue of $6.000.000 5 per cent.
second mortgage bonds created sometime ago
with representatives of leading foreign bank
ers: price withheld. r..
Drexel, Morgan 4 Co. have been the largest
buyers of Oregon Transcontinental to- day,
and, 1t is reported, without doing anything
definite.
Mr. Bird bid up st. Paul.
A Boston special says: "The Union Pacific
and Chicago Burlington and Quincy meeting
was very harmonious, and adjourned to meet
next week, when President Porter, of Chicago
Burlington and Quincy will be here"
Sales of stocks to-day aggregated 202, 317
shares, including the following: Delaware,
Lackawanna and Western, %, 800; Erie 16, 800;
Lake Shore, 1920; Northwestern, 4,s75; New
York Central, 5,049; Pacific Mail, 6O75; Read
ing, 1900; st. Paul, 1890; Union Pacific,
1885; Northern Pacific preferred, 24,25s
Oregon Transcontinental, $4,000.