National Republican., 1882-12-28
THE MARKETS.
The Reports and Rumors Which Influenced
Trade in Wall Street Yesterday.
The Regular Stock and Bond Lists-Gen-
eral Trade Notes.
THE DAY IN WALL STREET.
lSnccinl Disnnlch.

New YORK, Dec. 27.-The market opened
steady except for st. Paul and Union Pacific,
which were weak, but Denver rallied on COW
ering of shorts and the announcement that
the company was anticipating their january
coupons, subject to rebate. The whole mar
ket weakened before noon, under rumors,
which could not be substantiated, of COM
mercial failures. Delaware and Lackawana
was especially weak.
Il, J. Chapman, jr., sold 1000 shares of
Wabash preferred to Demott & Durant. Louis
vile and Nashville was Jb1pafativefa Steady.
1t is reported thai The PARTIES who tecently
bought Louisville and Nashville propose to
put it up to 60 on increased earnings.
On the second call stocks were quieter, and
there was less disposition to raid the market,
and bona ide holders were not sellers to any
extent.
Government bonds were dull and steady,
excepting As, which were freely offered; 3's
were wanted. Sterling exchange was dull and
easy. Money loaned at g. and later at z. 1t
is expected that funds will stinen until the
close of the year owing to settling of accounts.
Wabash earnings increased in the third week
in December So, ,505, and Louisville and Nash
vile increased $34, 1853.
In the afternoon stocks were stronger and
higher. Lake Shore seemed to be pegged at
115s, and Michigan Central at 101. Western
Union sustained 81, Notwithstanding the in
junction was granted. 1t is reported that the
Manhattan and Metropolitan Elevated mat
ters are fairly progressing for adjustment
There seems to be a mistrust of each other
fha hu1l 1auderc urbiIh hos
taken advantage of for the moment and sold
the market. There is an absence of buyers
just now, and the small spectators who hold
stocks feel discouraged that the market is al
lowed to decline. The big fellows cannot sell
their load on declining market, and they
must put them up. We will not see much
more decline. The market is dull and out.
side trading small. Early next month strong
effort to advance the market is looked for
The conservative brokers do not advise short
sales to any extent
There is sharp borrowing demand for
Denver, and ]. O. Osborn & Co. are loaners OF
everything.
Keene's brokers are large borrowers of St.
Paul, Denver and Rio Grande, Jersey Central,
and North Pacific and the board has it that
he is short 10000 to $4,000 shares of stock.
st. Paul annual report, it is said, will show
earnings for the fiscal year of $s,61o,0OO net,
and probable surplus of $2,0l9,OOo
1t is reported that Keene issued to-day a
number of ten-day privileges on Union Pa
cific, Erie, Lake Shore, and Western Union, a
little above market price. 1t is also reported
that he is heavily short of above named stocks
to an amount over 40 600 shares
The treasurer of the Denver and Rio Grande
road is again in the loan market to-day with
large amount of funds to dispose of on call
1t reported that Gould has bought back on
recent decline. Another report, that Denve,
was broken yesterday at the instance OF
Philadelphia parties who are covering to day,
The market was raided by bears, who are
now trying to harden the money market by
manipulation. The decline is encouraged by
bulls, who believe there is large increase in
the short interest, and an assistance to antici-
pated upward movement in January.
Judge ArnouX has granted an injunction
restraining the Western Union dividend on
fifteen millions stock, but also granted an or
der to show cause why the injunction should
not be vacated and bond given by the West
ern Union company, covering all possible
damages.
The Harrisburg, Pa, case has been adjourned
1t is reported on change that Keene found
Smith was selling Delaware and Lackawana
and so helped the market down. Zerega
bought 1000 shares from 12S down to 1919
and Johns also bought.
The room bears have all been buying in
shorts to-day.
The Louisville and Nashville bull party
say this stock is good for go in January on
increased earnings.
There is the best authority for the state.
ment that important progress has been made
toward the speedy settlement of troubles on
the Manhattan and Metropolitan Elevated
Rsols
The weakness in Vanderbilt stocks was
mainly attributed to the fact of a proposed
temporary absence of Mr.. Vanderbilt from
the city for a few weeks. He leaves here on
fs,s 4th or 9Th of January for recreation trip
10 Havana. He will be followed by the Mills
party for the same purpose.
Osborne said Woerishoffer still believes. in
Denver, Notwithstanding reports to the con-
trary, and showed him (Osborne) the Denver
books yesterday from which he ascertained
that the company had all the necessary funds
for building and paying for the Utah branch
George f. Dickinson offered to wager 81 ,OOC
that the New York Central railway would re-
duce their dividends to per cent. in 1885,
but new street broker offered to bet $5, 600
that 8 per cent. payments would continue.
Dickinson then withdrew his wager, Henry
N. Smith said he had not changed his opinion
upon the market, and stocks were not going
much lower than at present.
Osborne continues to predict higher prices
early in the new year.
FOREIGN.
LONDON, Dec. 27.-United States bonds
opened quiet and unchanged,
Erie seconds lower; New York Central,
1t lower; Illinois, lower Reading, lower :
Pennsylvania Central, lower; Ontario and
Western, lower
STOCKS.
The following are the opening, highest, low.
est, and closing prices of the principal stocks
for the day, as corrected by special wire re-