National Republican., 1883-03-28
THE MARKETS.
The Hammering Of Central Pacific Continued
Yesterday Without Marked Result
The Michigan Central Dividend Passed
The May Interest-Provisions.
TALK OF THE STREET.
Special Dispatch.

IALh Of Inn olhhbAs
Special Dispatch.
NEW YORK, Mar. 27.-Brokers report there
Is no very decided opinion existing regarding
the market. The feeling is bullish on one
side, and the better class of traders are bulls,
but the deal has no special feature except on
Central Pacific One party has theory that
Gould has been n large seller of Central
Pacific, probably for the purpose of annoying
Huntington, who is backing Kneeland in the
elevated suits.
Would is expected here on Wednesday.
r. p. Flower & Co. sold 60.day puts on st.
Paul yesterday at 95 for 1 per cent, and
Keene bought a batch of this stock against
juno and July calls at 10i and 105
os Something important regarding the Central
Pacific is promised to-day or tomorrow.
Northwestern people hope that the weather
will moderate sufficiently this week to admit
of seeding, but the signal service reports that
it was very cold in that region yesterday,with
snow and sleet. The feeling is that money is
working easier, and some banks inquired yes
tcrday for opportunities to place funds.
telegram received this morning says that
Gould will DO here at noon to-day.
The Wabash Pacific earnings for the third
week in March run far ahead of the record
the increase is $S7,sO0. Stocks are lending at
ITO 8. Money lent at Z, and is offered now
at7. Osborn's brokers are free sellers of
stocks. L. L. White bought Laekawanna,
Henriques sold st. Paul, and Charles Johnes
sold Michigan Central down.
A private San Francisco telegram to-day
says ave are having light rains, which re-
vive prospects for about half crop of wheat"
The Central Pacific officers declare they
have sold no Central Pacific stock this year.
The Lake Shore directors are in session this
morning, and will announce 9 per cent.
quarterly dividend. The Michigan report will
show IL per cent. net earnings, but no divi-
dend until tho semmi-annual settlement is
made.
Washington telegram says cabinet meet
ing has been called. for to-day, chiefly for the
purpose Of discussing monetary affairs, and
strong impression exists that Assistant Sccre-
tary of the Treasury French will be ordered
to anticipate tho May call, regardless Of his
own prejudice against it.
Secretary Folgor is better to-day.
Washington kilograms say it is believed
that Folger will resign at the cabinet meet
ing to-day.
ouuko COlIlhuSo thO lhluhNbiOh
against the Western Union and the Mutual
Union at the suit of j. G. Reif.
REVIEW OF THE DAY.
The hammering of Central Pacific was re-
sumed this morning, and it Is said that Keene
was seller. Central Pacific declined2, Union
Pacific /, st. Paul /, and the remainder of
the market generally sold Off to per cent
Business was very light, and up to the
second call stocks continued to drag.
Gould returned this morning, and his
brokers, Wetmore and Rathbore, sold Union
Pacific.
The Osborn brokers were also free sellers
during the forenoon when the market was
active, and Johnes and other room traders
were likewise sellers.
Michigan Central was sold vigorously by
Johnes on the announced passing of the divi-
dend. "N"-'
Money opened at z, lending up to 0. Stocks
lost at to 8 government bonds were quiet,
and the 3's were in better demand. Sterling
exchange was better on cheaper money and
limited offering of paper.
Chicago special dispatches represented the
cold, dry weather to be injuring winter
wheat, and the seeding of spring wheat thus
far has been small. The bank of England
lost f177OOO to-day, which was principally
withdrawn for America.
Henry n. Smith estimates that the United
States will get from forty to sixty millions
dollars of gold from Europe this year.
At 2 o'clock stocks were frmer but very
dull.
The best sustained stock of to-day was
Lackawanna. Michigan Central was particu-
larl1weak in the last hour; falling to o.
The general list continued to rule pretty
near bottom prices of the day. Sterling was
advanced this afternoon by the leading draw
ers, and money rose to o.
As result of the cabinet meeting the Prcsi-
dent has ordered the last call to be paid at ST.
100000 er week from this time.
The following are the ruling mining stock
quotations of the day: Alice, $50 to 800;
Carbon Hill, 1.10'to 125 Taylor Pacific 16 to
IS; Consolidated Virginia, 46 to 40; Southern
Pacific, Z to- 8.
LONDON, 12:3O.-United States bonds UNI
changed; New York Central lower; other
American railways generally ! to higher.
CORN AND WHEAT.
Robert Bruce says Corn has been very
active and the market exhibits very healthy
tone. Most of the weak holders have sold out
and we will probably have an advance of q
few points. Wheat is very stubborn and
firm. News of rain in California seems to
stop the advance, but does not precipitate
decline, as was expected.
STOCKS.
The following are tho opening highest,
lowest, aud closing prices of the principal
stocks for the day, rs corrected by special wire
reports received by Bateman & Co., bankers,
No. 14ll + street northwest