National Republican., 1883-02-13
THE MARKETS.
A Rather Disappointing Day, Ending in Lower
Prices in Wall Street,
And Nobody Can Guess what To-day viii
Bring Forth.
REVIEW OF THE DAY.
cD,cidt Dispdfch.

NEW York, Feb. 12.-The opening was
heavy and rather disappointing. The Van
derbilt stocks were offered down by the bears
upon rumors of the serious illness of Mr.. Van
dorbilt but there was not much decline. 1t
was reported that the government directors
report on Northern Pacific would show
floating debt of twelve to fifteen millions.
Sellers of Northern Pacific in the board were
confident that the stock was generally weak.
Western Union declined ON the reported ill
ness of Gov Morgan, who holds largely Of the
stock. Advices from the west of floods and
great damage therefrom, hurt the general
speculation to-day. st. Paul was hammered
by Kirkner, Bell, Scranton & Willard, and
s. V. White, but it declined only per cent
Texas Pacific, Missouri Pacific, and Kansas
and Texas were the best sustained stocks of all
the Gould lines. The Wabashcs were frac-
tionally lower. The largest trading to-day
was in Northern Pacific, followed by
st. Paul, Western Union, and Texas Pacific.
Lake Shore, New York Central, Delaware,
LacSawanna and Western lent fiat Lake
Shore was offered at 100, seller 30 to-day.
Government bonds were steady with small
transactions. Money to 81.
On the second call the market was dull and
declining at the bottom figures of tho day.
Louisville and Nashville was weak on re-
ported floods along the lines, and st. Paul was
sold on rumors of new issue of 1900 on col.
lateral bonds The market Mt 2:3O was heavy
and looked like weak closing. Erie was
depressed by the illness of Gov. Morgan, who
is u large holder.
The market closed weak with free Offering
of stocks on all sides. The person who at
tempts to write this market must keep
"bull" and "bear" pen at hand at all times,
ready to change pens as often as the whims of
the New York traders require IL. If he is re-
quired to predict the future of the market he
should be supplied with dream book with all
the modern improvements. The outside public
have but little interest in the market, and are
not inspired with any confidence in the
promises of Gould or Vanderbilt. Tho market
is oversold, and should there be weak opening
tomorrow decided rally would be in order.
One of the most reliable brokers in Wall
street describes the situation as follows
On the bull side we have plenty of money
and good railroad earnings, except where they
have heavy storms, good export demand and
freedom from every commercial disaster con-
sidering the dull trade of last year. The big
men are anxions and willing to have the mar
ketadvance, almost all of them having lines of
stocks On the other hand we have congress,
the tariff the silver dollar, &C., and possibility
of an extra session, the heavy floods and con-
sequent destruction. think the necessities
of the magnates will keep the market steady,
if not advance it. The undertone of the mar
ket to-day is good
4 Chicago special says the trunk line per-
centages last week of east bound traffic were
as follows Michigan Central 25.01 Lake
Shore, 22.05; Fort Wayne, 20.07; Panhandle,
13; Grand Trunk, IL; Baltimore and Ohio, Z.
Ex-Gov. Morgan is seriously i'll, and his
condition is not as favorable as yesterday,
The Western Union Telegraph company is
soliciting the consent of stockholders to the
Mutual Union lease. Thepermission of three
fifths is necessary under the law
The Northern Pacific earnings increased for
the first week in February $1l,450.
A Philadelphia telegram says there is no
truth in the rumors that Vivian Gray & Co.,
of London, have withdrawn their opposition
to the removal of the Reading recevership.
Gowen's friends however, say the company
has funds sufficient to pay the bonds held by
the concern, which will be done if necessary.
Sterling is dull at 4s32 to 4.s3, with but
very little done.
George J. Gould is bear on Union Pacific
stock, and predicts decline of 20 points this
year.
L. II. Hartman & Co. were sellers of Union
Pacific in the morning.
Lake Shore and New York Central are lend
ing fiat. Lake Shore was offered at 100, seller
CO. by Walsh, and Johnes offered 1000 shares
at 100, seller 3.
Dickinson offered stock regular; Scranton
& Willard and Louis Bell sold Union Pacific
down. H. l. Nicholas, Harry Wilson, and l..
Chase sold st. Paul down.
GOSSIP OF THE MORNING.
Fred Ames says Gould to-day probably
owns more Union Pacific stock than any one
of the directors. Others who claim to un-
derstand Gould's manipulation of Union Pa
cific from 116 to 80, say that the financial
operation was the most brilliant of the deals
made by Gould on record, and he is undoubt-
edly thoroughly master of the situation. The
club talk is par for Union Pacific this week,
and some of Gould's personal friends bought
last week for this figure, at which price they
gave order to sell. Brokers generally believe
Gould is certainly under the general market
for substantial rise. but some operators in
the room thought Gould's brokers washed up
tho Southwesterns on Saturday without buy
ing much stock. Sage is big bull on Union
Pacific and Southwesterns, and Western
Union. 1t is stated that Mr.. Bclden has been
suddenly increasing his holdings of Union
Pacific for some days past, and the stock is
taken from the street
Walsh and other leading room traders have
gone long of Union Pacific, and Woerishotier
appears to be about the only big bear on this
property. He made wager Saturday even
ing of 81 900 to $500 that Union Pacific would
sell down to Is this year, and $500 even up
with a trader that it would go to 65, and also
bet that Western Union would fall to 65 this
year. WoerishoiIer is bullish on Denver, but
nothing else,
Cammack says he realizes that Gould will
get the market up,
W. L. Scott is bullsh again, and has bought
back about 5000 shares OF st. Paul, which he
threw over Mt n lOsg abOut ton lnyg n pn whom
Osborne turned tail. The Rockefeller people
also bought some.
LONDON, Monday, 12;3O.-Extended SIS, 4
lower; Reading rose / Illinois declined !
and st. Paul g.
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 Batcman & Co.. bankers,
No. Corcoran building:
2 4 4 Il