National Republican., 1883-01-27
THE MARKETS.
A Slight Advance, Followed by a General
Tumble All Along the Line
IScene Lending the Bear Ring i'm n Deter
mined Raid.
THE DAY IN WALL STREET.
Snfcidl Dispntch.


NEW YORK, Jan. 26.-The opening this
morning was a shade firmer, and improved t
TO per cent. the first hour. The tendency
was again downward, and before noon Keene
aud the room traders carried prices down to
j points. The largest sellers were Kirkner,
Bird, and all the room traders identified with
the uptown bear crowd. 1t is reported that
Koenc sold 5000 sharos'of Union Pacific to-
day and 5000 Jersey Central yesterday.
Union Pacific was the leading feature for
weakness before noon on reports of decreased
earnings, and the bears hammered it without
mercy to catch stop orders,
On tho secondscall the whole market was
dull and dropping, with pressure to sell, and
the bulls appeared to make no resistance.
Judge Hutchings was heavy seller of
Union Pacific all day, and the stock finally
broke past par.
The Vanderbilt stocks and Gould stocks
were dull, but fairly sustained. So was Den
yer. Omaha common declined IL per cent
Money was easy on call at and finally at
81. stocks lent at to 4. Sterling exchange
was steady.
After 2 o'clock stocks continued dull and
inactive, the market breaking under the ham,
mcring of Union Pacific and the Omaha
stocks.
The Bank of England yesterday reduced its
rate of interest to per cent.
Generally it may be said that the existence
Of considerable shortage, and possibility
of successful manipulation, is about all there
is which holds out hope of better prices in
the near future. The promise of last week
In, fla Inr 1izaf inn oft 10
and the public has halted in its progress
toward the market. The fact that the Bank
of England yesterday reduced its rate of In
tercst to 4 per cent also added as factor in
causing depression.
GOSSIP.
There was no change in the position of any
of the prominent bulls, aud the Windsor hotel
party was especially solid for higher stocks,
declaring there was no question about Gould's
sincerity or that of any of the combination.
Cammaclk says he's got more Denver than
ever, and there's no money on the bear side
The bear brokers in the room and Keene use
every effort to break prices employing Wander
bilt houses to depress Northwestern common,
and the Vanderbilt people say this stock is
o. X, and the manipulators who persistently
attack the granger stocks are only increasing
the already short interest.
Osborne's people bought st. Paul common
and say it is going to 110, and Mr.. Smith is a
steadfast believer in Northwestern.
The brokers report that Gould bought ten
to twenty thousand shares of Denver during
the past two days and Connor yesterday pur-
chased heavily of Kansas and Texas and
Wabash.
Osborne, Cammack, Smith and WoerishofIeI
work together in harmony. They all tell
their friends it is q bull year in Wall street.
The bear sentiment, bulls declare, is almost
entirely confined to room traders who keep
up noisy opposition.
The European brokers say London is bull
: ish on American stocks and bonds, on advices
from American friends.
Charles Johns bought block Of stocks yes.
terday for long account.
1t was rumored during the morning that
the Union Pacifc's earnings had decreased
100000 last week.
The Messrs Garrett have accepted the
Richmond Terminals 100000 check and de-
livered the sureties they held. The Virginia
Midland is now the clear property of the Ter
minal company.
An Associated Press London dispatch to.
day says the French advices show people
despair of the republic, and the government
is disunited in efforts to satify and restore
confidence among the people.
The Union Pacics earnings for the past
twenty-three days in January decreased $685.
$50. The officials say expenses decreased
about 100000.
LONDON, Jan. 26.-United States4s lower
Avs higher; Pennsylvania Central /, and
Reading advance.
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. Corcoran building;