National Republican., 1883-04-23
THE MARKETS.
A Promising Beginning Followed by q Reaction
and Falling Prices. ..
Some of the Rumors Used with Effect by
the Bears-CrOp Reports.
THE DAYS GOSSIP.
Snec5nI DiSDdfch.


NEW YORK, April 21.-The better class of
traders who predicted the rally yesterday are
looking for a further Improvement to-day,
and the indications point toward higher
prices. The chronic bear traders continue to
insist that there is no outside support to tho
market and the fluctuations are the work of
professional traders ...
The brokers to some extent concede the
truth of this theory, but they say that the
thimble rigging is as great on one side as on
the other, and that the washing is notoriously
immense. All agree that the advance in
Northwest turned the market up yesterday,
and Hollins & Co. (Vanderbilt's brokers)
were very heavy buyers. Insiders in North
west believe that 1t will sell ui' to
$50 by August next. Osborn says that there
is nothing in the market at present to tempt
outsiders, and he is doing nothing personally
He bought 1000 shares Of st Paul yesterday
and sold out on the advance. Cammack says
it is wonderful where all the Kansas Texas
stock comes from, and says Europe aud the
California people are constantly selling Cen
trail Pacific. The order broker in Jersey Cen
tral says that the stock continue TO be bought
by the friends of insiders, and that the SELL
ing comes from the room traders. There will
be no contest at the election of Jersey Central,
and the present board will be reelected.
The Reading railway people say that their
New York Central connection will be
completed and trains running next month.
Cammack is not in good health, and says he
is doing nothing; and has closed his accounts
except few with Osborn a Co. The presi-
dent of the Hannibal road said last night
that this property had been sold. Goulds
people say that he goes west next Wednesday.
A private Chicago dispatch says that the
Pennsylvania Central people had torn up
portion of the Nickel Plated road short dis
tance east Of Chicago, where its tracks crossed
the Pennsylvania, and had put guard on 1t
to prevent Its reconstruction.
Stocks are lending about the same rs yes
terday, New York Central renewals at 2,
Lake Shore at 5, and fresh loans at 4. Union
Pacific is in demand at A. Money is at 0. In
Northwestern the buyers were Scranton Will
lard, Hollins Post Wales, and w. S. Webb.
Sellers of Northwestern were Oracle, w. &
James Wilson. In Lake Shore tho most
prominent buyers were Cecil Johnes, and
Godet, but the trading was light. In Wabash
common the London orders ran to sell, and
Johhes and Drake sold. Wabash preferred
was sold by the room traders, and bought on
London orders. In st. Paul thore were no
prominent buyers The sellers were Salton-
stall g. Co. and Dinsmore & Kirkner. Union
Pacific was bought by Bazly and Motley.
Tho Chicago Tribune this morning states
that the Nickel Plate road objects to the live
stock percentages accorded to it by the arbi-
traitors. Vanderbilt also objects, and fears
are expressed that the pool will burst.
Important meetings are called In New FORK
next week to discuss the eastern freight and
passenger pools.
On Wednesday the general managers will
take final action. Tho weather is fine
throughout Illinois and an average crop is
assured for kentucky.
Sterling exchange is quiet. Government
as and as are in better demand There were
sales last evening of one million 3s and they
are being quietly absorbed.