National Republican., 1883-07-17
THE MARKETS.
Another Considerable Decline in Stocks, Fol.
lowed by a Slight Rally.
A General Impression THAT Prices Have
About Touched Bottom,
GOSSIP OF THE STREET.
Special DiDdtch.

SDtctdl DtsDdich
New YoRK, July 16.--Certain brokers
prominently identified with the Gould -Connor
party were ON Saturday afternoon earnestly
dissuading friends from selling any moro
stocks, and declared belief that there was
no more money in short sales. Other brokers
reported important buying going on, and it
looked as though Gould had been feeling of
the tone preparatory to forming basis of
bull movement further on The buying of
the Willard stocks was excellent, aud Work &
Strong and Decker & Howell bought lots of
the Northern Pacific in blocks of 5000 to
5000 shares. II is said Vandcrbilt's brokers
bought 1000 shares of Lake Shore ON sus-
tanning orders, and insiders say this party
say positively that Vanderbilt personally
owns more than 900 shares Of Lake Shore.
Sehgman " Co. report that London has
been buying heavily since Thursday, but
mainly against shorts put out on the other
side whore American stocks are higher than
here. The Germans bought heavily of St.
Paul, and insiders think if the harvests are
successful this stock is big purchase. Rail
way people say the east and west bound traffic
of the trunk lines increases, and east bound
gained 5000 tons last week. The foregoing
is about all the bull nows anoat. Some of
the conservative houses advised customers
Saturday night that while professional load
CTS Iluy put up prices lnlS week, UnC market Tor
the moment had evory appearance of decline
after tho effect of the recent heavy liquidation
begins TO bo fairly realized. 1t is claimed that
fully 10000 shares of cliqucd stocks wero
fed out Saturday by ono or two great operat-
ors, and probably 100000 shares of various
longs were sold out by these parties Friday
and Saturday. Tho bears say the alleged
buying of Lake Shore by the Vauderbilts is
all bosh, and declare the "boys" have pad-
died out about 25000 Lake Shore and $1,000
Michigan the past two days. Sheldon sold
1000 of Lake Shore Saturday, which was re-
ported as long stock for somo body i.arncd
sold 5000 Union Pacific aud SternbGrgor sold
1900 of Western Union. The liquidation in
Western Union is reported continuous, and
there is no outside demand whatever. If it
goes up Gould will have to do all the
buying, as nobody will touch it at pres
ent. Slayback was II considerable seller of
Denver upon carly information of q row and
cut in passenger rates by the Denver, Quincy
and Atchison roads. Wocrshocilcr still be-
lieves in farlOwor prices, and says if Cammack
had been here last week he would have
knocked the market from to 10 per cent
lower and made the liquidation more COM
plete 1t is reported that the West Shore and
the Lackawanna extension propose new
bond issue of five millions each for necessary |
further equipment and improvements.
Chicago dispatch says to-days Tribune |
says the main trouble in the east bound trunk |
ger rates, and this is the cause for meeting |
called in New York on the twenty fourth in |
stant The Grand Trunk is the disturbing |
element. The Vanderbilt lines complain be-
cause the Erie still gets the bulk of the cast
bound freights.
Shoemaker and Dillon sold 5000 of Della
ware and Lackawanna. Tho stock was pressed |
for sale on the new issue Of extension road |
bonds. Cecil and Ward bought. In New
York Central the buyers were Post and Wales,
and Slayback. Youngs and True sold. In
Lake Shore the sellers were Cohn and Ken
ncdy, Boocock and Chapman.
The buyers were Campbell and Cecil. In
Northwestern Williams Prince Il Whitley,
and Shelton sold. Green bought s. V. |
White sold st. Paul, and, Buaby bought.
Johncs & Content sold Union Pacific, and
tBoston brokers bought Ballou sold very
heavily of Western Union and Osborn 4
O'Bren sold. Jersey was lending fiat. New
York Central fiat to l-64.
Gould is reported Mt New London, Conn.,,
EN- route to New York.
Vice President Hayes, of the Missouri Pa
cifc, telegrayhs that new wheat is being
shipped from Kansas aud Missouri.
The indications now point toward "a sus-
tanning rally In the general market. Little
is doing in Now York Central, but no stock
of moment offering. The bears are Offering
New York Central dividend for next year
(lSS4) at per cent. on $500 shares. Bears
on Union Pacific say there are stop orders on
the market from Boston. Tho telegraphers
have notified the Western Union of their de-
mands and given forty y-eight hours for def
mite reply.
REVIEW.
Stocks opened excited and unsettled with
prices oil to II, the latter ON Northwest.
The steadiest shares were New York Central
and Jersey, Union Picihc, Central Pacific,
Northern Pacific preferred, and Western
Union. good deal of raiding was in progress,
but the extensive orders for liquidation de-
moral2od everything
Western union was weak and demorali2ed,
and was sold largely by Ballou and Osborn.
The general loaning rate for stocks was q
Now York Central fiat To LEA, and jersey
fiat; money, "a to 3; 60 day money, 81 90
days, Al; sterling barely steady and un.
changed.
A slight rally was noticed on the second
call, and conservative brokers in the board
looked for further improvement.
Respecting tho photographers impending
trikc it was learned that the operators would
90 out in forty-oight hours if their demands .
ire not complied with,
At 9 o'clock tho market was again heavy at I
about the lowest prices of the day, and New d
York Central touched the lowest point, ll5
There was no apparent disposition to buy
notwithstanding improved crops, abundance $
of money, and satisfactory condition of gen
eral business,
IN the last hours Jersey Central was at .
tackled by Bell, Kirkner and Slayback, and /
Now York Central foil to 1142. $
At the close stocks weak under free offer D
ings and few buyers in the market. :
LONDON, Monday, 1880. Erie, J lower
New York Central, J lower; Illinois Central,
q higher; ST, Paul. IL lower.
STOCKS.
The following are tho opening, highest, :
lowest, and closing prices Of the principal
IA law ng tnl hue, pt,I,.
reports received by Bateman Il Co.. bankers, {
No. I'LL Il street northwest, \