National Republican., 1883-03-14
THE MARKETS.
An ET""waging Advance in the Morning Set
Back by Bad News.
Failure OF Big Liquor and Tea House
General Gossip.
GOSSIP.
Special Dispatch,

GOSSIP.
Special Dispatch
New YORK, Mar. 13-The commission |
houses report an increase in the outside orders |
to buy stocks yesterday. Brokers report that
the shorts in Osborn's Office and in another
Broadway bear house covered a good deal in
st. Paul and Union Pacific, but very large
short interest exists in these stocks and in the
remainder of the market, but there is u sharp
borrowing demand and inquiry for. Reading.
New York Central, and Delaware.and Lacka-
wanna. l.. Frank and other German concerns
arc still borrowing o great deal of Union
Pacific. 1t is strongly asserted that Wander
bilt is buying back his Union Pacific, and the
Vanderbilt brokers declare that IL is good
for no.
In reply to an inquiry from Reading
stockholder, Vanderbilt wrote letter saying
for him to hold his stock, which no predicts
will prove remunerntive investment.
The room traders continue bulish on tho
general market, but say that they would not
be surprised if there was some natural reac-
tion this forenoon, and they would not buy
further until after little settling of values.
The uptown bears threaten to manipulate
money again this week, and declare that there
has been no important gain thus far in any
sort of stocks excepting those in which there
Is largo short interest They also say
large Gould house is borrowing considerable
Wabash Pacific and Northern Pacific pre-
q. ferred.
Tho Western Union report their spring
business as unusually heavy, and that the
earnings for this quarter arc increasing
heavily.
Osborn said last night that he was going
back to Maryland soon. He is not in the
market.
Cammack considered the st. Paul rep ort
very bad.
A sensational report was current last night
alleged to have como from bank examiner,
of the embezzlement of nearly 81 100000 from
o prominent city institution. 1t is said the
money was stolen and lost in stock specula-
tions, but the facts might be concealed till
the first of April. No names are given, and
the report is doubtful.
Stocks are leading at 8 to Z, but mostly at g.
Money about 4 steSling steady and un-
changed.
Dickinson did most business in New York
Central; he sold and bought. Herrick sold.
Van Emburgh offered Western Union. Hill,
Kirkner, and Walsh sold SC. Paul, and S. V.
White bought Michigan Central. freeman,
Johnes, and Campbell sold Lake Shore. Hill
garten bought.
1t is reported in the board that Gould is
buying largely to-day on wire orders from
Florida.
Prince and Whiteley have just bought 5000
shares of Erie.
The Germans were the principal sellers.
The London market is buoyant and higher.
Sterling is reduced to 4s2 and 4si less COM
mission, and the market is very quiet.
Ives, Beecher & Co., one of tho largest
wholesale liquor, wine and tea concerns in
the city, assigned this morning This causes
surprise, as y was rated in lBrddStreeps at
$l,0O00OO and credit tho highest. Their
paper sold even with that of Moses Taylor.
Exchange soft and little doing.
! Friend Humphreys Sons of Albany, as
signed. This was branch Of New York
house that failed recently.
REVIEW. p.
Tho market opened active with an improv-
ing disposition. A. ii. Brown & Co. bought
block of Texas Pacific Drake was the largest
b uyer of Wabash preferred At IL o'clock
the market was active at an advance of 1 to 1.
The latter was in Wabash preferred, Northern
Pacific preferred and Denver; tho other
stocks showing only a fractional gain, but the
trading was large.
st. Paul was especially active between 102s
and 1929.
The Vanderbilts sold fractiOnally lower.
At II o'clock speculation became dull and
tame, and most of the mornings advance was
lost.
The failure of Ives, Beecher & Co. was n
surprise and u disappointment TO the street.
es they were rated with the highest credit.
Money opened ut z, but by noon lent up
to 10.
Sterling exchange was soft and inactive
Stocks loaned at 6 to 8 early in tho day, and
the market appeared to be full of stocks to
lend
Government As were strong, and the stock
houses were buying at 1l9!.
At l O'clock money advanced to IL. On
the second call business was very light, and
stocks were soft, owing mainly to tight
money.
Traders did not like the draggy look of the
vanderbilt STOCKS, ana they checked the ad-
vance.
The room traders continue bullish, but are
long of stocks, and have let some of their
holdings go.
The Western Union to-day declared II
per cent quarterly dividend.
At 2:30 stocks were dull at about the bot
tom prices of the day. Money loaned up to 10.
LONDON, 12:3O-United States SIS lower;
st. Paul rose II; Reading 4; Erie, /; New
York Central, 4 Pennsylvania Central, /,
and Ontario and Western /.
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. 1411 + street northwest:
q Il .