National Republican. (Washington City (D.C.)) 1872-1888, 1884-03-11
THE MARKETS.
Gossip About the Doings Of the Pacific
Railroads
The Florida Railroad Scheme That Has
Called Gen. Grant to Florida.



ion yesterday was that the market would be
lower the first of the week and higher toward
the close. Strong bear points were given on
the possibility that Commissioner Fink would
Immediately order cut on grain rates from
Chicago to 10 cents owing to reported cuts
below this figure by the Baltimore and Ohio
and Vanderbilt's attitude in Northwestern af-
fairs 1t was conceded that the officers of the
Northwestern and Omaha would not on their
own responsbilityand against the wishes ofall
other roads peremptorily decline to submit
matters to arbitration as they did on Friday
last. If any granger war ensuos the blame
is solely Nanderbilt5.
Considerable capital was made of tho appa-
rent willingness of the Gould party to sell at
lower prices. Gould brokers seemed to
weaken their stocks when other stocks were
strong Bears are said to havo sold Lacka-
wanna on Saturday and have bought some
Union Pacific. At any rate there were sup
porting orders in Union Pacific around 80.
The bulls derived the greatest comfort from
the firm undertone in the market on Satur-
day.
The Tribune this morning calculates tho
floating debt of tho New York Central on
Dec 81, 1888 at $5,0l909i.
Tho market is heavy except Union Pacific
which is strong. Tho feeling is that tho
week. The only life this evening seems TO
DO in Union Pacific.
The Boston Herald says: Mr. Tidon holds
about 10000 shares of Union Pacific stock.
Judge Van Brunts decision in the New York
Elevated railroad cases Is expected to-day.
Gen. Gordon, of the Georgia Pacific, Presi-
dent Jewett of Erie; Gen. Grant, and John
&. New are engaged In scheme to build n
railroad from Turtle Bay, at the lower ex-
tremity of Florida, northward, to connect
with the Georgia Pacific road. The road will
be bonded for $4,000 per mile. A syndicate
has been formed to place these bonds and sub
scription price at par with small bonus Of
stock. 1t is proposed to make this line the
popular outlet between the United States and
West India.
Commissioner Fink to-day said trunk line
gain rates were demoralized, and no would
order q general cut to-day to 10 cents per 100
pounds. Commissioner Fink told our re-
porter concerning tho foregoing report {:
Their has been no break in rates that we
are aware of. Our advices are that rates are
being maintained at Chicago. We do not
know how it is elsewhere. No order has
been given from this office to change rates"
Excellent authority says the Central Pa
citic company has executed new lease of
the Southern Pacific road. The old lease
expires Jan. 1, 1885, The new lease is as
favorable as the old lease, but the terms are
not stated. The Southern Pacific company
has decided to oppose in tho courts the pro-
posed forfeiture of tho southern Pacific land
grant
Excitement in Union Pacific and difference
between cash and regular sales are on account
of the fact that the books close to-day for the
April dividends.
Quinlan & Co.'s Chicago special says: "The
markets are dull and featureless weather
now raw and cold. Prospects warmer to-
morrow Shorts in wheat and corn believed
In haVa hpan pnyara1 frnnlU ErdaNy and
Saturday"
The Osborne interest in West Shore will
control the road as an advisory committee,
the same way the Vanderbilt roads are now
operated.
William Heath & Co. have been borrowing
q good deal of Union Pacific, Western Union
and number of other stocks this morning.
There has been a very dull market except
Union Pacific, which tluctuated widely
owing to closing of books to-day and sharp
demand for cash stock.
Missouri Pacific seemed to have no support
until about 2 o'clock.
Some activity i'll Northwest and st. Paul nj
slightly lower prices.
Canada Southern, Peoria and Omaha were
slightly higher, all others lower. Bonds
steady. The market closed dull and absolutely
featureless.
Sales OF stocks to-day aggregated 1856, 100
shares, including tho following: Central Pa
cifc, 5S,000 Delaware. LaGkawanna and West.
ern, 80 700; Erie, 5000; Lake Shore, 1880
Louisville and Nashville, 4,lOO Missouri Pa
cifc, $500; Northwestern, 1900 New Yorl
Central, 5000; Reading 500; st. Paul, $4,000
Union Pacific, 29,700; Oregon Transcontinen
tai, 1900; Union Pacific, cash, 1900; do. el
dividend, 1000
STOCKS.
Following are opening and closing prices o.
principal stocks, as corrected by special wire
reports received by Bateman & Co., bankers
No lill street northwest