National Republican., 1883-10-16
THE MARKETS.
Opinion Of Conservative Traders that Stocks
Have Reached Bottom Prices
A Steady Improvement Expected In the
Leading Securities.
GOSSIP.
Special Diadtch.

wants to go up and will surely gradually
harden, provided no new financial or COM
mercial disturbances aud bears let up ham
mering. There is much expectation of i'm
provement this week in Michigan Central,
Lake Shore, and the Granger stock, but some
what bearish feeling on Jersey, Erie, and
Oregon Transcontinental Some Oregon
Transcontinental was sold out by large bull
trader after the closing Saturday below tho
last sales in the board.
The Northern Pacific people hero deny the
press reports of Saturday that tho Willard
party propose controlling the West Shore
road and putting on line of lake vessels to
connect, &c.
Woerishoeffer admits he is short 6,000
Lake Shore and remarked the comparative
plentifulness of this stock in the market to
end, which indicates inside liquidation
lately, notwithstanding the alleged export of
10000 shares
Cammack is also bearish on Lake Shore
and sold il short Saturday. He says, bill
Vanderbilt daren't buy share"
Osborn says he does not care to sell stocks
now but he don't see any money in buying.
d. o. Mills called on Vanderbilt yesterday,
and the latter positively stated that VIM. X.
HAS BULL III Ills DuA H,OOOpOOO SbOCho WnlCu
have not been touched in six months, and if
marketed wouldn't show shrinkage of
quarter of million.
The new per cents. convertible twonty-
five year Jersey Central seconds exchanged
for z per cent incomes are being delivered
by the printer.
It is reported that the commissioner of the
general land department. has rendered n de-
cision, which, if sustained, will restore to
Kansas from Atchison company 100000
acres of land valued at S5,00O,0O0.
The Boston Transcript says there is some
doubt whether the Northern Pacific preferred
stockholders will approve of Northwestern
second mortgage, as many prefer to let the
floating debt stand rather than pay interest
on $20,000000 and only get $15000000 or
$16,000,000 in return.
On the opening Mackenzie sold Lake Shore,
and the buyers were G. F. Simpson & Co. and
kDrummond.
In Northwest the buyers were Flower and
1saacs.
In Oregon Transcontinental Van Emburgh
and George were sellers, and Enos bought.
In Union Pacific Brewer was the largest
buyer.
In Erie Van Holman bought; Hotchkiss
and Burnham sold Erie.
In New York Central Wheeler bought and
Wormser and Cross sold.
No change in loaning rates, except North
Pacific Preferred 1-32.
Money, 2.
The stock market sold off partly upon the
announcement of assignment of Hymes
Bros, clothiers, New York and San Francisco,
liabilities S250,000.
Prince and Whitley sold Union Pacific.
The buyers were Flower and BENJAMIN.
Slayback sold Lackawanna down to III.
Sternberger and Fuld were large buyers of
Michigan Central. Tho cellers were Van
Emburgh, l.. l.. White, Owens and Fairchld.
James Seligman thinks the market has
4tr nnA fna fhA hatN Iax,
says London has been buyers of New York
Central, Lake Shore and Erie, this morning.
Governments stronger and none offering.
Vanderbilt people say the return of the
Pennsylvania Central company to the system
of percentages will not cause any disturbance
in the pool. uu0 u .r
The Philadelphia Record this morning says
Northern Pacific preferred is practically COR
nered in the Philadelphia market.
The Hyams Bros. mot Hymes Bros, as first
named according to BrddStreeD had only
100000 capital.
Rumors are current in the board of trouble
in coal circles but Sloan declares there is no
differences between the companies, and pro-
posed suspension of mining not been dis
cussed.
Hamilton & Co. sold 1000 Delaware and
Hudson this afternoon.
Cammack and Woerishoffer's brokers sold
Lackawanna; also, Oregon Transcontinental,
and stop orders broke Reading.
REVIEW.
Stocks opened active and advanced gener-
ally to l per cent, the latter on Texas
Pacific in tho first hours of business. Oregon
Transcontinental opened lower, rose 1, fell
of per cent. Jersey Central was weak.
The dull but steady features we're the Omahas
Telegraph, Denver, New York Central, and
Lake Shore. The strong features were
Northern Pacific preferred and Michigan
Central, which advanced 1 per cent, and
Texas Pacific which rose Nor cont
The market sold off subsequently. The
failure Of Hyams Bros. was made use of by the
bears to raid stocks
Lackawanna became weak on large sales
between l17t and 1861
The rule of the forenoon's business up to
12 o'clock showed majority of the list above
Saturdays closing. Michigan Central showed
the largest gain. The coalers were lower.
Oregon Transcontnental and Lackawanna
were the weak features of the forenoon, and
showed declines of to per cent.
Money 81; loaning rates for stocks, North
Pacific preferred 1-32. Others unchanged
Governments strong. Sterling unchanged.
The greatness weakness between 12 and 2
o'clock was in Reading, Lackawanna, Jersey
Central, Omaha preferred, and Oregon Trans
continental declining to It, st. Paul and
Western Union were steady, but in the main
the market sympathized to per cent The
startling weakness in tbs coalers was on a
rumor OF troubles among the companies, but
\ bnlS Whb ueuleus lusluers, however, were de-
clared to be sellers, and the brokers of Cam
mack, Smith & Woerishoeffer have
been selling the coalers freely. The
largest sellers of Delaware and Lacka-
wanna this afternoon were Willard, Van
Setback, and Van Emburg. The buyer of
New York Central was Herrick, and Van
Setback was principal seller. Z. L. Frank a.
Co. sold st. Paul throughout the day. Work
a. Strong bought Kansas and Texas and Oswin
O'Brien sold tho most of this stock. Just mt
the close determined raid was made on tho
Wizards, and Northern Pacific preferred was
sold down to 62l, closing weak at 6l9 bid
Oregon Transcontnental closed very weak at
AZ bid. Other stocks closed weak and irregu-
lar.
Closing prices as compared with Saturday
show the following changes:
Advanced-Michigau Central, / Canada
Southern, Chicago, Burlington and Quincy
1; Denver and Rio Grande, / ) New York
Central, 1.
Declined-Lake Shore, 4; Northwestern, /;
Omaha, 1s; Omaha preferred, ~; st.
Paul, ]; Pacific Mail, /; Western
Union, /; Missouri Pacific, q; Kansas
and Texas, u Texas Pacific, /; Wabash, IL (;
Erie, b; Union Pacific, l Central Pacific, II;
Northern Pacific, Ii; Northern Pacific pre-
ferred, II; Oregon Transcontinental, 81 I;
Louisville and Nashville, Lackawanna, %;
Jersey Central, 1t Reading IL; Rochester