National Republican., 1883-03-31
THE MARKETS.
Dullness Reigns Supreme in tho Wall Street
Stock Exchange.
High Money, BAD Weather, and UnfHvor-
able Reports Discourage Everybody.
GOSSIP ON THE STREET.
.CDecidl DiDdtct.

SDecidl DiSDdtcN.
NEW YORK, Mar. 30-Brokers Thought that
last night the market would have closed
stronger but for the reaction in Transconti-
mental. The room traders made the attack
and ascribed IL to the Willard party, who were
really the buyers.
The bears who have been caught on the re-
cont rise declare that tho cliques have been
selling, and they call the market Could
Conner-Smith market, simply to catch the
shorts who, they say have now allicovered up.
Conservative commission brokers advise their
customers not to sell short
They say that the short interest has not
liquidated, and that il amounts TO about $780,
900 shares of various stocks aud there is no
pressure to sell long stocks They argued that
the temporary movement might be in the di-
rection of slightly lower prices. Yet the
downward tendency would be but light from
present quotation. Room traders were some
what bcarish last night, but stand ready to
buy again if the market declines this morning.
Gould said last night that he was convinced
that the market would hold up and that
everything looked promising.
20. Mills is said TO be very long of the
market, and predicts a sharp advance soon.
Nulnnlltth anu ItblNtub NtiItNl, VI lut
Baltimore and Ohio railroad, are in Charles
ton,
Brokers who have been watching the trad
ing in Kansas and Texas for day or two say
that Gould's brokers are buying it extern
sivcly.
Sterling is unchanged, stocks lending at 8
The sellers of Michigan Central this morn
ing were Briggs & Gilman, Elliott and
Setback. Buyers were Bogart and Thorn.
The principal sellers of Lackawanna were
Brayton, Ives & Co., and buyer Turner. Hen
riqucs bought St. Paul, and Johnes was the
largest seller of the same at the opening.
LacSawauna has declared a dividend of .
per cent, payable April 20. President Sloan
says that the surplus is very large, but no
figures are given.
Wall street, 12:i5-Money was offered at Z,
and very favorable bank statement is ex-
pected tomorrow. Sterling is dull and firm
at SIT to s1t and s22 to 81.
Mr.. Leo's suit against the Union Pacific has
been denied for injunctions against the issue
of bonds.
Tho officers of the Transcontinontal say
that of the forty millions ofcapital only thirty
five millions has been issued, and that they
still hold five millions Of treasury stock at
Farmers Loan Trust company.
REVIEW.
The Northern Pacific and similar stocks
were again freely sold owing to reports that
hitch if nothing worse, had occurred in the
negotiations looking to the sale to English
capitalists of q large block of the lands of the
road. Nothing outside of room trading has
been done to-day, the gloomy weather con-
tributing its aid as depressing element Fa-
vorable predictions on to-morrow's bank
statement and comparatively cheap money
tended TO establish an improved tone later in
the day, and this situation was maintained up
to the close.
Money has been somewhat affected by New
England purchases of bonds, and Boston bal-
ances at this point have been about exhausted
in consequence. Gold and greenbacks are,
however, now being received from the east.
April settlements in the middle aud New
England states will probably be accomplished
without that monetary disturbance here
which had been apprehended, Home ex-
changes continue to favor this center, which
is further reason for expecting easy April
money.
1t is difficult to say anything of market
so splritless and characterless as that of to-day
has been, 1t seems safe to assert however,
that stocks have reached bedrock, and that
recovery may reasonably be hoped for very
soon.
Time would appear at this iuncturo to be in
favor Of II bull market as many unfavorable
possibilities have been discounted; and with
the bright spring weather and opening up of
spring trade the market should shake oil the
inertia which at present oppresses it,
LONDON, l2:30.-United States bonds un-
changed. Erie rose Z ; st. Paul declined ?,
Illinois, J Reading, 5-l6 and Pennsylvania
Central, / lower.
Robert Bruce furnishes the following fig
ures showing the visible supply of grain on
the dates named