National Republican., 1883-05-23
THE MARKETS.
Prices Generally Advanced Yesterday on En-
COuraging AdviCs from London.
Reports OF Storms and Frosts In the West
and Their Effect on the Grain Market.
GOSSIP OF THE STREET.
CnrcioI DisndIcb


night he believed the market would be a
great deal higher presently, and he was buy
ing. The short interest he said, had become
greater than before this year, and the specu-
lation was running along now in about the
same groove as last year at this time, after
which there was handsome advance. The
best traders genrally looked for another
rally to-day, but some thought there
would, not be much gain before June
]. The most Of the stocks sold
yesterday were mainly fSr the short account,
: and the bnyihg was principally for long ac-
count. Gould's brokers were large general
purchasers, and q good many shorts bursted
on their deliveries. The slight furry at the
close was caused by Woorishoeffer, who az
tackled the Vanderbilts, especially Canaoa
Southern and Michigan Central, but Lake
Shore was we'll sustained.
1t is understood that pig iron will be re-
duced So per ton on Wednesday. Mr.. Gould
said to a reporter last evening that befors
the end Of the year many people will msEo
up their minds that stocks are cheap and buy
them, so heavily that they will mako the
bears lose in a fortnight all they have made
in months.
ITesluenU Hill, Oh Jno MhnlbODlu TOauj Jubb
home, says he don't believe the Illinois Con-
trail has cut freight rates, and If it has ~
small a cut as Ave cents per hundred is unitD-
portant. The West Shore begins running to
Newburgh on Juno A. The Lackawanna
competition for the omigrant traffic has
ceased, the Grand Trunk declining to carry
out the agreement owing to the protest of
other lines. 1t is understood the Lacka-
wanna will go into the trunk Line pool.
The Mills people say If the shorts in Erie
should attempt to cover up the stock would
advance 10 to Is points.
II. l. Nicholas was the most prominent
buyer of Lake Shore to-day. The other
buyers were Oliphant, Schmitt and yyse.
Work and Strong bought Oregon Transconti-
mental and Webb sold; Mead & Co. bought
Northern Pacific Common; content sold most
Denver, and the buyers were Prince and
Whitley and the German houses.
Later London cables report very much
better feeling prevailing, and the market is
strong. Sterling is nominal. Governments
strong, on light offerings, but there are or
ders only for small lots.
George Alley bought Michigan Central,
Berdan bought 1000 shares of New York Cen
tral, and Sternberger q Field sold 200 shares
of New York Central. Flemming, q. s. Scott,
and the room traders generally sold Lacka-
wanna In Union Pacific Van Embergh and
Atterburh sold largely. and Worden bought
most of the stock. Van Hoffman & Co. are
very large buyers of the market here to-day.
Private kilograms report frost as far south
as Mississippi last night. Lindblorn of Chi
cago telegraphs that the frost in Iowa and
Illinois last night ruined vegetation.
A Philadelphia telegram says the Lehigh
Navigation company to-day declared "a per
cent. cash dividend.
Application has been made to the supreme
court to-day to vacate Judge Donohues in
junction in Mr. Hutchins's case.
The Western Union earnings for the Sec
ond week in May increased $1,000.
The stock exchange has voted in favor of
adjourning Thursday, but it is not believed
the governing committee will actruiesoep
Lackawanna has been sold this afternoon
partly on rumor of Sam Sloan's resignation,
but he denied the story and says he is great
bull on the future.
1t is reported in the board that William r.
Travers to-day covered up all his shorts in
the Vanderbilt stocks.
Robert Bruce has dispatches from many
points in Iowa, Illinois, and other western
states, reporting heavy fosts and much dam
age toyegetation. He is very confident that
wheat is good purchase in consequence
REVIEW.
Under more favorable London advices
stacks generally improved to per cent
this morning, and there was gain of per
cent. on Western Union, Texas Pacific
Omaha, and other stocks There was par
tial reaction toward noon, but the buying
was better than the selling. Van Hoffman &
Co. bought literally for London account.
Scranton and Willard bought considerable
Northwestern, and tho sellers were Bogert,
Wharton, and Eldridge. In Oregon Trans
continental Work and Strong bought and w.
s. Webb sold.
Government bonds are strong on light Of
ferings. Sterling was advanced to ass and
4994 stocks loaned at 2 to 3 money was Of
fered at 3. On the second call stocks were
quiet and fraction easier. Jersey Central
was firm, and the largest buyers to-day were
Bird, Coombs, Martin 81 Runyon, Horton,
and Newcomb. The sellers were Thorn,
Newton II. and j. Clark, and Van Emburgh
II. S. Wilson offered a considerable amount
Of Jersey on seller 60 options. The dealings
in st. Paul had no special significance, the
dealings being almost entirely among traders
London dispatches reported that the next
semi-monthly settlement is expected to pass
without alarm.
, Northwest common declined to 12ss this
afternoon. The lowest price this season and
the general list was heavy and dull. At 2:30
the market hardened and trading was very
active. The market closed firm at the frac-
tional advance toward closing
LONDON, 12:30-The market is very much
oversod: Erie, 2's, lower; Erie, higher;
ferred. 1-l6 higher; Reading lower Lake
Shore, lower; st. Paul, lower; Louisville
and Nashville, lower, and Illinois, higher
STOCKS.
Tho following arc the opening, highest,
lowest and closing prices of the principal
stocks for tho day, as corrected by special wire
reports received by Bateman q Co., bankers
No. 14l1 + street northwest: