National Republican., 1883-10-24
THE MARKETS.
A Dull or Lower Market Said 10 be In
evitable.
Reports That Gould Is Selling Stocks
Extensively.
GOSSIP.
Special Dispatch.


Special Dispdich.
NEW YORK, Oct. 23.-Many conservative
brokers agree that thoro are no moro indica-
tions of the outside public in the market than
there were six months ago, and now that tho
short interest has been extensively covered
dull or lower market is inevitable.
1t is claimed that Gould sold stocks oxten-
sively yesterday, and the bears say the ex-
traordinary weakness in Western Union is
sure symptom of some undeveloped inside
trouble. CammaclS declares there is some
thing suspicious with telegraph, but he cannot
guess what, only that pile Of long stocks is
being liquidated by somebody. He is not
short of telegraph, but is of Lackawanna and
the Wizards and he know the latter would
collapse yesterday because tho advance had
been too violent. The Northern Pacific syndi-
cate, Cammack says, is simply pack of spec
ulators and not banks at oil.
Bets were made last evening that Northern
Pacific preferred would sell at 40 this year.
The bears threaten to raid st. Paul and
Delaware and Lackawanna to-day.
A Montreal dispatch says the ID. Marrice "
Co. suspension, owing to too much stock IN
cotton mills, causes deep regard there, but
the banks will carry the business over the
gap still. There is trouble in the Canadian
boot and shoe trade, and several large firms
are embarrassed.
WALL STREET.
The market opened stronger, and reported
that strong combination of prominent bulls
was made last night to twist the shorts. West
ern Union buyers were Boocock, Ives, Boyd,
and Sheldon. The sellers were G. A. Bennett
& Co., and Wilson & Bro.
Johncs bought Northern Pacific preferred.
Amary sold Oregon Transcontinental.
Willard bought Union Pacific.
In Michigan Central. j. o. Shipperd bought,
and sellers were Wilson & Whiteman.
Northern Pacific preferred offered for per
cent. for immediate delivery; New York Con-
trail 1-32, and Jersey, fiat
Western Union was sold down by G.. f.
Dickson, James Wilson, Dunay, and Bruins.
Buck was seller of Lake Shore. Phil
Harding put up Erie on buying of 800
shares Governments strong and firm on 4s
which arc scarce. Tho reduction in sterling
was due to the immense supply of CONNER
cial bills.
A prominent banker of Exchange place
says London is buying steadily, and before
Feb. he estimates imports of gold will total
$30000,00O to pay for grain and produce now
going by steamer.
Governments are strong and quiet, because
very few As or Ais offered. Meanwhile there
is q systematic effort to depress them.
Southern dispatches state that the cotton
crop of Texas will only amount to a million
bales, $4,000 less than last year. Georgia
will make two-third crop, Mississippi % to
60 per cent
The trading in Michigan Central this after-
noon shows novery prominent buyers or SELL
crs. 1t is reported that block Of stock has been
called in, but there is as yet no difference be-
tween cash and regular. Johnes sold Mch-
gan Central, but bid up New York Central.
Lackawanna, st. Paul, and Oregon Transcon-
tinental. j. M. George and Davis johnson
bought Union Pacific.
Vanderbilt said last night at the opera house
that he was ready to buy any amount of his
stock at current prices and that the bears
would get severe lesson. He said that the
more stocks the bears were inclined to sell tho
better he would be pleased. '|'''i
1t is reported in board Mr.. Vanderbilt has
taken up $4,000 shares Michigan Central at 50
which belonged to VIM. K, his son. Bell has
peen buying Lake Shore, also Powers and
Stephens. Hughes, and Sternberger & Field
sold Lake Shore. Fanshawe & MilliSen bought
the most New York Central, and Powers
q Stephens bought the cash stock.
REVIEW.
The market opened with bears renewing
yesterdays selling, but the Willard friends,
Lackawanna, and Vanderbilt following raj
lied and rescued the market. Michigan Cen
trail went up 81 points, Oregon Transconti-
mental 2 to 2i, for Northern Pacific, North
western, st. Paul, Texas, Union Pacific, and
Missouri Pacific to /. At IL o'clock prices
declined to per cent. for Michigan Central
and the Wizards, and fracUionally for rest OF
the list, subsequently there was slight rally
and at noon there were twenty-four stocks
that were above and six that were below last
nights closing
Money 3. Now York Central lent at 1854
Northern Pacific preferred, to !; Mort horn
Pacific common, fiat; Lake Shore, st. Paul
Northwest, Lackawanna, Louisville and Nash.
vile, Oregon Transcontinental, / per cent
governments very strong; exchange very
weak on heavy supplies. The market was
strong at noon, and early on the second call
the highest prices were current, under the
leadership of Michigan Central The gen.
eral market continued strong, and the ten
dency upward when 1t was reported that w
II. Vanderbilt had entered tho market and
was buying right and left. At 23C
the market further advanced along the on
tire line. The market in the last half hour
continued to gain strength. Michigan Cen
tral, after touching SS4, reacted to S7l, but
immediately rose again. Final sales of Mchi
gan Central were at SSl Stock closed stronI
in sympathy with Michigan Central, ant
shorts covering.
LONDON, Oct. 23, 12:30.-United States A
lower, Now York Central 4 higher, Illnoi
Central higher Pennsylvania Central
higher, Reading lower, st. Paul lower.
STOCKS.
The following are the opening, highest
lowest, and closing prices OF the principa
stocks for the day as corrected by special wirt
reports received by Bateman & Co., bankers
No, l41l il street northwest.