National Republican., 1883-02-02
THE MARKETS.
A Feverish Feeling Prevailed in the Exchange
Yesterday,
And Prices Generally Declined Under Wig
orous Hammering by the Bears.
REVIEW OF THE DAY.
!SDrcidI DieDnicb.

and inclined to sell down from the very OPEN
ing. Lake Shore was the weak spot, but the
room traders hammered the market and re-
ported that Scranton and Willard sold 10000
shares of Lake Shore and that Woorshoffer
sold largely. They reported also that Stone
and Payne, the retired Cleveland directors,
had been selling their Lake Shore stock, and
q report was circulated that Vanderbilt was
very i'll. A denial of this upon authority did
not check the market and the bulls appeared
somewhat demoralized.
There was rather quieter feeling on the
second call, but the market continued fever
ish and dull The decline was about 1 on the
opening, but many vanderbilts were sold out
this forenoon which had been held for invest
ment.
1t was reported that a bull pool in Omaha
common, formed several weeks ago, sold out
to-day.
Money was offered at to 81, and stocks
loaned at 3. Exchange was quiet and firm.
Toward 2 p. M, stocks were dull and tended
downward.
Work, Strong & Co. sold large amount Of
long Omaha stocks, supposed to have been for
the Flower & Co. bull pool. The execution of
stop orders for small traders rather hurt the
general speculation to-day.
Early in the last hour the market was ex-
cited by report that the Union Rolling mills
of Chicago had failed. subsequently there
was partial rally of Western Union, improv-
ing from the lowest figure.
Never since Orphean music first set this
staid old world a,iigging has such deter
mined effort been attempted to charm things
generally as has been made by the bull musi-
clans during the past few weeks. Bandmaster
Vanderbilt, Drum-major Gould, Cornet-at-
tachment Keene, and Water-carrer Sage
have been regularly present directing the Wig
orous thumpings, resonant blowings, and
piercing pipngs of the full bull band, and yet,
and yet, as each day wears on the distin-
guished company of tooters, who appear in
such remarkable feather in the morning, are
som chow noticed to flag in their laudable
eforts and finally to disappear in the shades
of night with bespattered uniforms and dis
NAL wailngs.
Meantime the reviling and scornful public
chuckleth to itself and saith: "Lo, they
have departed to gather unto themselves
much more wind but when the morning
cometh they will again discourse most eX-
cellent music"
GOSSIP OF THE EARLIER HOURS.
Not much was said about the market last
night at the Windsor and in other places
where brokers and traders most do congre-
gate but the feeling was favorable for an ad-
vance. Some of the active brokers thought
there had been great manipulation, and ope-
rators had been mysterious. Cammack
thought the market mixed, but he remained
big bull ON Denver. Brokers said the buy
ing of st. Paul, Denver and Rio Grandc,
a,,I DnriHn hob bnpn fin tnn mud Rng.
ton purchased largely of Union Pacific.
Mr.. Smith is a bull, and tells his friends to
buy Denver, as it is going very high, regard
less of what other stocks may do I
The bears insisted that there was inside
selling of the Vanderbilt stocks yesterday, and
that Cammach had sold batch of Lake Shore,
but it couldn't be proved.
The Alabama detalcation rather hurt the
market, but there is no reason why ii should.
Only the room traders were making handle
of it.
Willard, of the North Pacific, is here and
tells his friends that it is impossible that his
roads land grants will be annulled. The
company is sure to get forty millions of acres,
and is entitled to forty millions, only that
fivemillions have been pre-empted by settlers,
and he thinks that the common stock ought TO
sell at 75 now.
Kneeland says tho elevated railway people
will endeavor to have the 5-cent fare bill,
which passed the assembly yesterday, referred
to the railway commission, and thus keep it
out of the senate.
The Western Union Telegraph company re-
duced its rates to Baltimore and Washington
TO conform to the rates adopted by the Bank
ers and Merchants Telegraph company.
Vanderbilt was out on the avenue walking
nearly an hour yesterday
Cammack denies selling share of any kind
of stock yesterday.
Sam Sloan says Delaware and Lackawanna
hos VI npp1ipl nd n,issinn To l,n MI
line pool, and is not yet ready with western
connections.
The steamer Egypt and other vessels at the
Inman line pier were damaged $500,00O by
the fire at o'clock this morning.
LONDON, Thursday, 12;30.-United States
5s, Z lower; New York Central lower;
Illinois, / lower; Pennsylvania Central, 4
lower Ontario and Western, lower.
Money loaned at A and stocks at 2, 3, and 4,
with light demand and good deal of Denver
coming from Europe, which isbeing returned.
The disposition during the early hours was
TO sell stocks.
1t is rumored that Stone & Payne, of Cleve-
land have been selling out their Lake Shore.
1t is also reported that the Delaware and
Lackawanna is taking Western freight very
low.
The Delaware and Hudson annual report
shows an increase in gross earnings of S6ii,-
900; net earnings, So, 900; surplus, Sl,53S,-
600.
Exchange Is very quiet but firm.
Cotton easier on news of the Alabama de-
falcation and lower Liverpool market.
Foreign houses have been generally buying
Vanderbilts to-day.
A st. Paul dispatch says the weather has
become intensely cold in Minnesota, with
temperature in some places twenty below.
Snow has been made solid, making the OPEN
ing of the roads very difficult.
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 d Co., bankers,
No. Corcoran building:
% i \, =,