National Republican., 1883-05-16
THE MARKETS.
Vigorous Efforts To Convince the "Lamh D
That Prices Are SCraping Bottom.
Reports OF Various Kinds from the Great
Grain Fields-The Price Lists.
GOSSIP OF THE DAY.
Special Dispdtch.

SDfcf0t DisDdtcN.
New York, May 15.-The general expec-
tation was of better and higher market to-
day, and intimations from woll informed
sources that Vanderbilt stock will be stronger
here and in London as soon as Vanderbilt ar
rives in London, and explains that these
properties arc still virtually under the same
management as heretofore.
Brokers report that the main feature Of
yesterday afternoon was tho buying Of
about 10000 shares of Lake Shore by Hollins
4 20, Bridge and Smith, and Eugene
Thompson, and from the operations noted,
the balance Of the market took its tone.
1t was reported that Canada Southern
would pay dividend in July, and Michigan
would probably declare dividend of 81 per
cent. Russell Sage says that he OK
poets better market. Some Of the leading
commission houses report that they bought
stocks on scale yesterday for large traders
Worgan's brokers bought largely Of Lacka-
wanna and Jersey Central. Bocock bought
most of the Central Pacific stock sold. The
largest room traders with two exceptions,
were bulls last evening, and went home long
of the market. Gould expresses himself as
bullish, and told prominent member Of the
board that he had been buying stocks for
three days past. IL Is understood that Gould
has been purchasing LackawaDna.
The Chicago special to tho Now York
Tribune contains important crop reports
from all sections west, from which the
outlook in thirteen states and one
territory Is very promising, and
the condition shows an Improvement over
the late agricultural bureau report aud all
previous advices. Fine weather has much
improved the condition in all directions
The Nebraska and Dakota yield will be larger
than last year. With favorable weather the
general harvest will be up to tho average, al
though behind the magnificent yield of 1882.
Wheat is heading out already in kentucky,
southern Missouri, and in Kansas, and the
harvest will begin in southern Kansas about
June 20.
London cables say the London market for
Americans is to-day flor the first time in a
month), relatively higher than the New York
market
The market opened dull. There was light
trading with small attendance, The gem
eral belief Is in higher prices and not many
stocks are Offering. The Vanderbilts are very
dull. Bruins sold Lake Shore, Wormser
bought. In Union Pacific the sellers were
Olyphant & Smith and II. H. Freeman, the
buyer was Vandenhoff. Bird bought Lacka-
wanna.
The large sellers Of Oregon and Transcon-
tinental this morning on the reaction were
Van Emburgh, Horton and Brandon. The
Jersey Central people say they regard tho
Jersey Central incomes as equal II. value to a
7per cent. bond, when the road passes from
the receivers hands. Tho largest holders of
these bonds expect TO get all the back interest
in full. The large dealers in Richmond and
Danville debentures talk 80 for them, and
insiders bought them up to so yesterday. 1t is
reported there are orders to buy million of
them up To 70, and when the market rallies
for bonds these will advance rapidly.
The market was sold largely by the room
traders. There were orders in the market to
buy Lake Shore and Erie from London,
and foreign brokers arc bidding for
stocks. The sellers of Union Pacific
are Grovesteen & Pell, Bird, Bell, Kirkner
and Ed Schmit. Budge & Goldsmith arc
selling Oregon and Transcontinental, sup
posed TO be for Woerlshooffer. Central Pacific
has been sold to-day on revival Of rumors Of
its general abandonment by the Southern
Pacific interest. Morgan's brokefs arc buy
ing Jersey, United States As are In demand
at 119h, and AIS are In better demand.
Sterling is steady.
Charles Johnes is rallying the markets.
Sellers of Union Pacific this afternoon were
Oppenheim and Freeman NJ. Brown. Johnes
Frank, and Thurman.
hbNlEhs
The market opened dull, with a light at
tendance and small trading. The dullness
became very general and the room traders
seized the opportunity to hammer the general
list all around. Oregon Transcontinental was
first attacked by Woerishoeffer. The Van
derbilts were very dull, but the Dutch
bought Lake Shore on foreign orders; also
some Erie for the same account, The room
traders sold good deal of Union Pacific and
ha atn 1ar1fnnd IN QAl tha gaannd aall
Sterling was steady. Van Hoffman bought
100000 yesterday at about 4.s3. Stocks lent
at 3; Union Pacific at 2; New York Central
at money at 3 to 4.
Toward o'clock the market improved un-
aer brisk bidding up by Charles Johnes
Union Pacific was bought by him. He also
bought Louisville and Nashville. The latter
was sold by Mr.. Van Schaick. The room
traders were the general buyers, and the bulls
were shouting that the market was scraping
bottom, but there were not many buyers.
Groesbeck & Schley sold 5000 shares of Union
Pacific this afternoon. Chaplin bought largely
of Union Pacific.
At 2;45 the general list was stiff at the best
prices of the day, with the largest trading In
New Jersey Central, Union Pacific, Lacks.
wanna, Central Pacific, Oregon and Transcon-
tinental and Louisville and Nashville.
II is announced that the Trunk lines salts,
factorily arranged the percentages.
The market closed fairly steady at the ad-
vance. The strength at the close was due to
the fact of the satisfactory arrangement oi
the percentages in the Trunk lines pool.
LONDON, 12:30.-United States bonds un-
changed; Erie, lower Erie seconds, l lower
Reading, lower Illinois Central higher
Pennsylvania, higher.
STOCKS.
The following are the opening highest
lowest, ana closing prices OF the principal
stocks for the day, as corrected by special wire
reports received by Bateman & Co., bankers
No. 1i1l i street northwest;