National Republican., 1883-06-13
THE MARKETS.
A Fairly Good Days Trading in Wall Street
Prices Declining.
The Chicago Wheat Market Weak and
DccIining-Rumors OF Various Sorts,
GOSSIP OF THE HOUR.
Special Dispatch.

dicted by the shrewdest dealers The suspen-
sion Of the small concern in the afternoon had
no particular effect on the market as IL was
known they would soon resume and pay up in
full. The leading trader in the coal stocks
declares Jersey Central is going higher to-day
and will soon cross 90, and Reading will ad-
vance soon. The principal selling of these
stocks yesterday was on Philadelphia account.
II is claimed pool in Jersey and in Reading
has been started, which began to buy both
stocks about six weeks ago, and has nearly
million dollars profit in sight, aud they don't
think Of selling at present figures.
w. II. Vanderbilt insists there is no conflict
between the trunk lines notwithstanding cur
rent reports.
The northwest and western reports to the
railway people continue of most encouraging
cha racter.
The room traders are taking somewhat
bearish and quit the board with lines of
shorts out yesterday. They claim the short
interest has been considerably wiped out, and
the bulls on coal stocks have been selling on
Philadelphia orders. Assistant President
Tillinghast Of the New York Central, said
there had been no call for n trunk line meot-
ing, and he knew of no occasion for it. Tho
st. Paul roads increased earnings for the
first week in June amount to $4,000.
The principal bears now are Travors,
Woerishoffer, Keene, Newcomb, French, and
Ben Carver.
The weather is clear and cool.
Stocks lend at Q; Jersey at 1-6i to 1-32,
and il is reported that great deal of Jersey
has been called in. The principal buyers Of
New York Central were HerricS, Bogert,
Martin, and Ruuyon; Gross was the main
seller.
Boocock is giving buying orders in Read
ing. In st. Paul Scranton and Willard are
selling freely. In Jersey Central the room
traders were tho main sellers. Winthrop
sold considerable Western Union and offered
moro.
AVrhe room traders are generally bearish and
selling freely. Davis, T. & Co.. sold 1,1O0
shares Of Jersey: Goicuria sold 1900 of Lack
awanna and s. " White bought 5000 of the
same stock. Drake sold Louisville and Nash
Vile, and Germans and BabcoclS were buyers,
Governments are strong but dull.
The Chicago grain market is very weak.
Wheat cent lower. Weather hot.
There Is not very active demand for
stocks in the loan division, except for Jersey
and New York Central. The short interest
has materially decreased. s. V. White bought
1000 shares of Lackawanna; Bssell and the
room traders were the sellers. j. o. Stephens
bought 1000 of Jersey and largely of Louis
vile and Nashville
The bears on the trunk lines claim to have
information that the Grand Trunk has de-
manded modification of the running of
Michigan Central trains, and has already sold
tickets from Chicago to New York for $14.
The report is unconflrmed, however.
Philadelphia reports that the rumor that
the Reading is TO be leased by Vanderbilt has
had favorable effect OH the stock.
Seligman & Co. say that rates will have to
be advanced about per cent more before
gold will go.
The largest buyers of Jersey Central have
been Davis Tileston & Co., and insiders pre-
dict 80 this week. The bulls on Reading are
talking of 65. ya 5A
Wormser & Co. sold mostly of Erie to-day.
Grant & Co. were the largest buyers. Not
much stock is offering. 5t!..7., ys. tass
Telegraph is strong on rumor5 that the
steamer that young Gould is aboard of has
been signaled at Queenstown, and the report
that the stock has been listed in London.
About 5000 shares of Western Union is offer
ing at 81 Private cablograms deny the list
ing rumors.
LONDON, 12;3O,-United States as, higher ;
the market for American railway strong and
advancing; Erie, higher; New York Cen
tra, lower; Wabash preferred, D lower ;
Reading, unchanged; Lake Shore, lower F.;
st. Paul, higher; Louisville and Nashville,
lower; Ontario and Western, unchanged (;
Illinois, lower.
REVIEW.
The market opened t to higher, Louis
Vile and Nashville being the strongest and
advancing per cent. on buying by the Ger
man houses and Boocock q Co. New York
Central was fractionally higher. Reading
was quite steady on Philadelphia orders to
buy. ST. Paul was rather weak, and Scran-
ton & Willard were free sellers during tho
morning.
Winthrop sold Western Union freely, and
offered u considerable amount of stock.
Sterling is unchanged, but very firm. Gov
ernment bonds are dull and strong.
On the second call the market was strong,
especially on Northern Pacific, Oregon Trans
continental, and telegraph. The Vanderbilts
were dull, and the grangers were fraction
down.
Lackawanna was very strong on rumors of
n strong pool buying. S. V. White bought
5000 shares. Points We're numerous that
Jersey Central would touch 80 this week. In
tho afternoon Reading declined ON realizing
sales. Philadelphia reports to the effect that the
rumors that Reading was to be leased to the
Vanderbiltsystemw We're not believed, but served
to help the stock just after 2 o'clock the
room traders hammered Central Pacific and
drove IL per cent. down, and the remainder
of the list declined to per cent, from tho
highest prices, except Lackawanna, Jersey
Central, Northern Pacific, and Denver. On
tario and Western, and Louisville and Nash
ville all of which remained at the opening
figures.
Later there was fractional rally, but the
trading became very dull. Telegraph was
very strong. 1t was reported that tho ex-
commissioner of the Western Union had re-
commended the usual dividends, which would
be declared tomorrow, and very favorable
report will be presented.
The tch-Williams injunction case was
concluded at Saratoga to-day, but no decision
announced.
Market closed with loss of from to per
cent, from the highest prices of the day. The
small short interest now in the market makes
it very difficult to sustain prices, There is at
present no outside buying, and the big oper-
ators have all the stocks they caro- TO hold.
A duh declining market is looked for until
the crop reports as to spring wheat and corn
are more definite.
wAslIISGToS STOCK RxoHAHGE
DiStrict or Columbia.
Permanent improvement O.. 1891. coin.. ll5H 1i6h
lernnnent Improvement ~ 1871 uf'J-' III
Market stock Is, 1871 currency ..,o..., 12lh ,...
Water stock Is, 1901, curreney..,.a,,.. l2l .,,-
Water stock Is, 1909, cnrreucy ,,,,,..,,, i2B .,,.
Flhy.yeAr funded 3.6S. t92L curfency,,,.. l09h no
vwenty.year funded 0s, lal2 cOin,,,.~ llb llGl
Ihirty-year funded Us. 1902 coin -.,.....,. l2
Fire Insurance and Gds.LtOM CbHlpahtss
Washington Cty Gas lIght. .,,-"par 2J... MA 8
Georgetown t-....,.,.......,25- 40 So, o.
N emen lnsurance.,..., .....,,-'.,,2O,'. 20
National Union nlnsurance-,,..,.,..,1O. Is 204
Arlington Insurance, l3J III
Colunulh insurance, ,,,,.....,..,",..., aa
Potomac Insurance CompAny-....,,",,.., ",.".. ~
Railroad Soces.
Wa uvfn Cnn hnu