National Republican., 1883-03-27
THE MARKETS.
Trading Opened with Slight Advance Which
Was Followed by a TriAing Reaction.
Big Sales of Central Pacific Rcportcd-The
Provision Trade.
GOSSIP OF THE DA'
cnec{dl DfsDdfrh.

NEW YORK, Mar. 26.-There were rumors
in stock circles yesterday of twist in the
short interest tliis week as soon as money re-
lakes, and ntimationsi Of such movement in
any event. Most of the conservative brokers
and bankers say fair rate for money is to
TO- and that all quotations below or above
these figures are fictitious. The room traders
are divided in opinions, and merely scalp
ing and t per cent.
The bear party in the room insist that in
side holders of Lake Shore, Michigan, and
Northwest have been selling all the stock
that they could work off during the past
fortnight, and that tho aggregate is larger
than was supposed The Vanderbilt crowd
deny this aud point to the extraordinary
traffic of the east bound trunk lines of the
last week. Tho friends of Now Jersey Cen
tral say that they expect that the receiver
will be removed about May l. Tho rumor
was current upto own on Sunday Of n defalca-
tion amounting to million of dollars in
prominent bank in tho Bowery, but the story
lacked confirmation. w. l.. Scott returned
from the west this morning, He is u great
bull on Lake Shore, and Osborn is bull also
ON the general market. 1t is by an off-
cial of the Central Pacific railway that their
in the Atlantic and Pacific railway property
amounts TO six millions.
The Boston Transcript says: "The Central
Pacific railway people have purchased few
millions of Atlantic and Pacific securities,
and will negotiate in q few days upon the
amount of California business to be allotted
to this new CALIFORNIA line"
A Chicago telegram dated Monday, says
"the rush of the east bound freight of tho
week is mainly owing to the higher prices of
grain and -four in the eastern markets and
to anxiety of producers to realize" Lon
don telegram of this morning says
financial business is closed up in all
European points, to-day being general
holiday. Gen. Porter says that the
West Shore will open TO Albany and Saratoga
by June, to Syracuse by July, and by Scptem-
Der to Buffalo. Arrangements havebeen made
with the Hoosac Tunnel and with the West
ern and Delaware and Hudson for coal and
Boston freghts, and the West Shore has also
private understanding, not yet announced,
which insures n Chicago connection.
Stocks are lending at s to 10; Now York
Central at to 8 Reading at to o. Osborn
& Co. bought Lackawana and st. Paul. Van
Emburgh bought st. Paul. The buyers of
Lackawana were Chase g. Higginson and De
Cordova. The sellers of Lackawana were w.
Maurice, Stowe, and Won Holman. Ster-
ling is steady and unchanged.
A special telegram from the weather bureau
this a. m states that it is raining at Olympia,
Wis, Portland, Ore, San Francisco and Sacra-
mento.
Government bonds are firm on longs, good
demand for April 3.
Cotton declined to points.
1t Is currently reported ON the street that
some of the large owners of Central Pacific
stock have sold about S100O0,00O of it for the
purpose of raising funds to complete the South
orn Pacific road, in which they are also largely
interested, and they could not raisethe funds
in any other manner.
REVIEW. -. tr
$3.50 p. M.-Stocks opened sitter and with
an advance of to for New York Central,
Lake Shore, Central Pacific, Union Pacific,
Northern Pacific Lackawanna, Denver, Jer-
sey Central, and Wabash and an advance of
to on st. Paul, Michigan Central, and Mis-
souri, Pacific. The advance in Missouri Pa
cifc was attributed to the large earnings Of
the road. Keen's brokers bought little Of
everything on the opening, especially st.
RAUL, IuS OlGIuilullh III llS ldlttI uNlhB dGtiusJ
privileges. Osborn s. Co. bought st. Paul and
Lackawanna. Colgate was the largest seller
of st. Paul. OF the buyers in Lackawanna
Chase & Higginson and De Cordova were the
largest. At 11:30 the market dulled and u
portion of the mornings gain was lost from
hammering by Slayback d Dickerson.
Money was active and stringent from the
very beginning with rates at 10 for money
and stocks at to 10.
Government honds were firm for longs,
with an improved demand for April taxes.
Sterling steady and unchanged, but dull on
account of the English holiday.
The Servia, which arrived to-day, brought
no gold, but several millions are on the way,
and preparations are making for further ship
ments this week,
Oil broke down cents to-day.
Corn was lower in Chicago than before in
two months.
The New York cotton market was very
weak and sick the bulls were disgusted, and
the short interest was very small.
On the second call stocks were duller than
before, and worry little was done between IL
and 1880 o'clock.
Money lent at 8 TO 0.
Central Pacific fuctuated most to-day OH
reports of rainfall on the Pacific slope.
st. Paul sold at 30 ex-dvidend Of 81 per
cent.
Later Central Pacific sold at 76l.
At 23O stocks were dull and lifeless quota.
tions being below the opening prices.
Following arethe ruling prices of mining
stocks: Alice 200; Carbon Hill, 1l5 TO 125;
Taylor p. l6 to Is; Consolidated Virginia, 40
TO so; Southern Pacific, TO 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 Bateman & Co., bankers,
No. 1il1 + street northwest