National Republican., 1884-01-18
THE MARKETS.
The Bears Say They viii Claw the Life
Out Of Stocks.
Esunors OF the Formation Of n Powerful
Bull Clique.
Special Dispatch.

DItClub bIeDutCV.
NEW YORK, Jan. 1.-THE market opened
about Wednesdays closing prices, but weak
ened under pressure TO sell Western Union
and Lake Shore. Prices fell off about l per
cent. throughout the list. About 1890, whom
the Exchange court fire broke out, the mar
ket rallied and then prices sagged q little.
Business was mostly in Western Union, St.
Paul. Oregon influential, Union Pa.
cifc Lake Shore, Delaware and Lackawanna,
Louisville and Nashville, and Missouri Pa.
oifc, Erie, Central Pacific, and Omahas
strong. In'bonds the West Shores ad dvanced
under free buying. There was a good deal of
covering in the list during the morning.
d The Windsor hotel party threatens to raid
1ackawanna, declaring the tru nix line rail-
way war has actually begun, this company's
freight having already been refused for Chi
oago. Legal action against the pool Is
threatened. The bears threaten to claw the
life out of all the trunk line stock, and it Is
reported Cammack, Woorishoefier, and Keeno
sold heavily of Lackawanna and st. Paul
yesterday. Keeno says st. Paul is going
down to 30. Cammack and Woerishoeffer sold
more Oregon TransContinental than anything
else, but the friends of Oregon Transconti-
mental say the rumors of receivership had
no foundation, and the decline was simply
the result of q determined raid which fright
ened out more stock. The attack on West
ern Union comes from n new bear pool, who
got their points from Washington on proposed
new postal legislation, and it is reported that
the Vanderbilt people are in the clique, and
have been selling Western Union short for
several weeks
Gould's brokers say he is still buying
Union Pacific, Western Union, and other
stocks on q scale. but he does not propose TO
buy everything, and has given up any ideas
L.. A Il. ....Na
the selling foyer has spent itself, and conf
dence returns, he tells his friends that the re.
=. action will be overwhelming.
The receivership talked for tho West Shore
road is now denied, and the directors say II is
not probable
There were intimations last night of SELL
ing movement on Wabash preferred to-day.
but conservative bears say 1t is too low priced
a stock to attack.
There are rumors that the Denver company
had not met its bond interest, and receiver
might be applied for shortly.
All gossip is e4travagaptly bearsh, and q
report was revived that the New York Cen
trail company is printing batch Of $4,000,
600 mortgage bonds.
Pullman was the only bull In sight last
evening, but he was bullish solely on his
stock, and declared he had sold none of il in
year.
The advance in Illinois Central of Q per
cent. ls on an announcoment oil anOtnor dlVl-
dond of 2 per cent. cash.
There are rumors of a strong combination,
outside of Gould, to put up market.
Northern Pacific directors have been in
session since IL a. m. The committee ap-
pointed to select a president will report at
that meeting
w. B. Wheeler & Co., of Chicago telegraph
Markets oil weak and look lower. Think
corn and pork will follow wheat down. Nc
one except scalpers buying corn. Whea,
does not show the strength it should"
motion for receiver for Ontario and
Western has been postponed until Saturday,
pending negotiations for settlement. Officer
confident OF being able to pull through
Sales to-day aggregated 497,2l1 shares, IN
oluding Delaware. Lackawanna and Western
56,75O; Erie, 1880; Lake Shore, $4,000; Louis
willie and Nashville, 81 500; Missouri Pacific
1880; Memphis and Charleston, 100; North.
western, 1l,555; New Jersey Central, 220
New York Central, 14,745; Northern Pacific
6,3l0; Ontario and Western, $50; Reading
10000 st. Paul, 1864; Union Pacific, 80,
975; Western Union, 64,560 Oregon Trans
continental, 5000; Northern Pacific pre-
ferred, 23,7s2.
STOCKS.
The following are the opening, highest
lowest, and closing prices of the principal
stocks for the day, as corrected by special wire
reports received by Bateman & Co., bankers
No. 14l1 F street northwest: