National Republican., 1882-12-27
THE MARKETS.
A Duller Day Than Usual in Wall Street
Yesterday.
Some of the Gossip That AfIected Prices
General News.
Special Dispatch.
THE DAY AFTER CHRISTMAS.

NbM lOhhy DtC. SO.-lub RtHoIdi
opened rather firm under the leadership of
Western Union, which rose per cent. on the
announcement that a dividend would be paid
to-day in order to prevent injunction proceed
ings. Later in the day the policy of Western
Union in anticipating its dividend was re-
garded unfayorably on change, and the whole
list grew heavy and lower before noon
Denver being especially depressed. The Ger
mans were free sellers, followed by the room
traders. Woershoffcr sold u good deal of Den
yer, and was believed to he selling the stock
sshort. Room trades were bearish on the whole
market, which grew waterlogged aud lower
Money loaned at > and was plenty. Stocks
offering to loan at s. The short interest ap-
pears to he almost entirely out of the market
Government bonds were steady. There was
good demand for exchange.
On the second call stocks were still weaker,
especially Nanderbilt's, under tho gilt edge
road extension story.
At this hour (2:3O p. m.) tho market is dull
and at about bottom prices Of the day.
Raymond is the largest seller OF telegraph
and very bearish. The room traders are now
hammcring entire list, This action on their
part caused a weak closing at the lowest
prices of the day. The absence of any short
interest has been a great drawback to any
advance in stocks, and there seems to be no
doubt that the big bull operators were will
ing to see the market sell of to-day, and u
renewal of the short interest. They are
likely at any moment to support and rally
the market as they did last week
The very large disbursements that will be
made next week will mako fair demand for
stocks and bonds This will no doubt be an
ticipated the last of this week by spectators
who will buy to sell next week, and higher
market should be looked for between now and
New Years.
The southern commercial advices are not
very bright kilograms to-day received here
say the financial outlook for city affairs is no
doubt gloomy enough, but is after all rather
better than last winter.
dispatch from Laredo Texas says that
commercial values are much disturbed by tho
fall in Mexican silver from S7A to So.
Earnings of the Northwestern for the third
week of December show decrease of $54S56.
st. Paul railway earnings for the third week
show decrease of $21,29S
The Western Union company this morning
anticipated their quarters dividend due jan
uary To- which prevents any injunction
against its payment. Omaha railway earn
ing increased, third week in December,
$l,7S9.
Foreign bankers say large amount of gov
ernment bonds under l1Sth call, were re-
ceived here this morning from Europe
The accident on the New Haven road is
not serious. No one was killed. Two freight
trains were thrown from the track and there
was considerable destruction of property.
\ New Orleans dispatch says the Interna-
tional railway company guarantee two mill
ion . per cent. bonds to be issued by the Gal
weston, Houston and Henderson rail way COM
pany for improvements, &c.
GOSSIP OF THE sTREET.
Russell Sage remarked this morning that he
believed in big trading market on a mu ch
higher basis in January, as money would be
plenty, and stocks were well held, in
strong hands, the recent shaking having
shaken out the small holders. William
Belden talks very bulish on the Union Pacific
and Erie. There is said to be very strong
bull Erie pool which aims to control the
property. Within the last month about
100000 shares of Erie has been absorbed and
taken out of the market by this combination,
who have made a six months loan of five mil.
lions on pledged trunk line securities for this
purpose.
Important developments are expected in
Pacific mail, but those on the inside decline
to talk much until later in the week 1t i:
rumored that the Central Pacific railway
people have obtained control of Pacific mail
and some steamers will be withdrawn from
L. NJ.
Orleans to Liverpool in connection with the
Southern Pacific railway, or used by Hunt
ington to connect with his Chesapeake and
Ohio for transporting grain, &c.
The Delaware and Lackawanna railway
will hold its annual meeting on Friday next
and one of the directors says the report shows
about 1t per cent. net earned per month, o.
between 13 and ID per cent, for the year
This company expect to eXpcnd considerable
money at Buffalo for betterments, and Wil
build to Toledo in 1883, and connect with tn,
Wabash. The latter extension is now. beinl
surveyed. 1t is called the ''gilt edge" Tht
Delaware and LacIawanna people dcclar,
they can pay 2 per cent. quarterly on double
their present capital after these additiona
facilities are completed.
d.. Mills, j. G. Mills, and Gen. Perkin
are about going south for the winter, visiting
Havana, Nassau, and Florida. Rufus IIatcl
goes to Europe. Judge Hutchins is a furious
bear; he declares present bull push is merel,
kept up to sustain the market until 2:l5 p. m
next Saturday, after which puts on S00,00I
shares of various stocks expire.
GoULDs NEW SCHEME.
ST. LOUIS Dec. 26.--It is said here tina
Gould's new railway scheme embraces al
amalgamation of the Wabash with his line
west of the Mississippi, including the Missouri
Pacific, Kansas and Texas, International ant
Great Northern, and Hannibal and st. 10
The Texas Pacific does not come in.
STOCKS
The following are the opening, highest, low
est, and closing prices of the principal stock'
for the day, as corrected by special wire re
ports received by Bateman & Co., bankers
hn;l1;nn.