National Republican., 1883-02-14
THE MARKETS.
Prices Still Going Down the Grade in tho
Stock Exchange
A Slight Rally at Late Hour In the
Arternoon-Tho stock Lists.
THE DAY IN WALL STREET.
lSntcinl uisnlhch.

New York, Feb. 13.-The stocks opened
soft and lower, and with no special rumors
anoat. Up TO noon it was left entirely to the
room traders mercy Delaware aud Lacl;a-
wanna was most pressed for sale, and Della
ware and Hudson was weakest, falling to ljj.
1t was reported that this company would
issue $iOoODO0O Of stock, and take up bonds
with the proceeds. This was not now, but
the reitcration of The statement put the stock
down. Union Pacific was heavy under ro-
ported loss of $i670OO in earnings during the
past nine days. ST. Paul common only yielded
u trihe. The st. Paul railway officers decline
to talk about the reported issue of bonds.
Gould's brokers bought Western Union GIN
gcrly. About the lowest prices were made on
the second call on dull and uninteresting
market.
Stocks loaned at generally, except Lake
Shore and Illinois Central, which lent fiat.
Money was offered at d sterling exchange
firm. Governments quiet.
Toward O'Clock there was a rally, and tho
the general list became a shade stronger ON
light trading. Early in the last hour there
was II further gain, notably New York Cen
tral, st. Paul, Omaha common, Wabash pre-
lcrrcd Denver, Texas, Union Pacific, North
ern Pacific, and Western Union Most of the
business done to-day was in coal shares Union
Pacific, the Grangers, Western Union, aud
Chicago Burlington and Quincy. The market
closes without any special feature, further
than rally from to per cent. from lowest
figures of the day.
The Mutual Union lines were transferred
to the Western. Union to-day before an in
junction could be granted.
President Baldwin, of the Louisville and
Nashville railway, telographs that tho water
is now subsding, and there is no danger to
the Louisville and Nashville property beyond
traffic suspension for forty-eight hours. The
bridges are all right and passengers for Louis
vile are transferred at Covington. ~
Washington dispatches announce that the
banking and currency committee decided not
to recommend any legislation this year. This
wipes out all of Secretary Folger's recommen-
dations, which would have released the idle
money in the treasury vaults, using the Dis
trict of Columbia bonds rs basis of banking
security, and receive per cents, at the mar
ket value as security for circulation.
There was very fair borrowing demand
for stocks this morning.
~ Is slulCl lndJ u ICCelNcT Will DC HSNGu lOE
the Memphis and Charleston railway until
the question of ths1ease to the East Tennes-
Bee railway is settleM
Sterling exchange is firm, with sales at
4s2f to 81.
Stocks are left entirely to the room traders
to do with as they please.
Private kilograms from up town report Gov.
Morgan better this morning.
The st. Paul railway officers declined to
give any information about tho alleged pro-
posed issue of 81 100000 in bonds.
Lake Shore and Illinois Central are lending
fiat; New York Central offered 1at. The
general carrying rate is 3. On the opening S.
V. White was prominent seller of Union Pa
cifc, and Scranton & Willard sold it by the
"ream." Scranton & Willard also sold New
York Central.
st. Paul was sold by Osborn, Work, Strong
Van Emburgh, and Willard
Harding sold most of Erie, and Dater and
Timpson sold 1000 shares.
Union Pacific earnings for the first nine
days in February decreased $l6LOOO.
EARLY MORNING GOSSIP.
The bears were greatly clated over the re-
action last night, and the bulls correspond
ingly discouraged The latter expected n
rally in the afternoon, but the reported Sc
rious illness of Gov. Morgan and the break
down in Eric securities made it impossible
1t was claimed that some Of the leading bulls
had endeavored to sell stocks early in the
day, but the market would not take them
seeing which the room traders who were
bearish, seized the opportunity and pressed
sales.
Commission houses reported to customers to
do nothing.
1t is thought that Keene has been free
seller of the market, and his late bull cam
paign had been simply against the short in
terest
Sam Boocock offered to bet 5000 to $4,000
that the Erie company would pay full interest
on its second consolidated bonds all this
year. 1t was George Il. Dickinson who sold
100000 of these bonds down to 81, seller 60,
yesterday, and S. V. White bought them.
White sold 800 shares of st. Paul common.
w. r. Francis wagored 5000 that Union
Pacific would sell at 40 this year.
Chicago kilograms this morning confirm
the reports of II row in the cast bound rail-
way pool, and freights are cut per cent. per
hundred by the Peoria roads.
LONDON, 1890 p. m.-l2rio declined / New
York Central, !; Pennsylvania Central, };
Reading, !, and St. Paul, l. Illinois rose II,
and Ontario and Western, s.
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 Batoman & Co., bankers,