National Republican., 1883-09-26
THE MARKETS.
Gould Brokers the Largest Sellers Of Willard
Stocks.
The Bears Emboldoncd by n s2,O00,OO
FaIlure--Tho Cotton Crop Short.
GOSSIP.
SDccldL DirDdlrb.

Goulds brokers in tho room were probably
the largest sellers of tho Willard stocks yes
terday morning, and their orders were 60 sell
them as low as possible. The result was about
10000 shares of long stock was shook out, and
the bears left the market heavy to sell against
The most stock was sold by Bissell, Van Em-
burgh Hamilton & Connor, but tscy bought
in their shorts for the Gould account before 1
p. m. An attempt to break Jersey was made
by the same parties, but it did not succeed
very we'll. The short interest in Reading Il
estimated at 10000 shares. 1t Is said that $.
V. White liquidated largely on his Lacka-
wanna He sold 1000 to Bell at 1901 yester-
day, with the privilege of 1000 more to-day
at the same price.
The general market is reported wonder
fully oversold, and under ordinary circum-
stances should improve considerably, but the
bulls have little heart. Still conservatives
think the market is not liable to stay down
torty-eight hours and tho majority of the
traders say prices ought to go up from to
10 points. Russell Sage says the market is
scratching on tho bottom, and he thinks tho
North Pacific stocks very cheap. 1t is said
the Standard Oil people were large buyers of
these stocks yesterday, and there was also
some new buying of the Villards. These
stocks are expected to rally to-day or to-
Cammack talks very bearish, anticipating
extended railway troubles over rates. and says
the corn crop will be very short. Woeris-
hoeffer also talks prices down. and says there
is no outside buying at any price The
strength of Denver, he says, is due to Amstor-
dam buying, and the Dutchmen already own
10000 shares of this stock. Cable, of the
Rock Island, says his company is increasing
its earnings 100000 month over last year.
The Chicago Tjmes's special reports heavy
reductions i'll passenger rates. and othor lines
have been drawn into tho fight, with indica-
tions that the east bound trunk lines may also
le drawn in. The Chicago and Eastern Illinois
road proposes to sell indianapolis tickets
to-day for cents, and passengers may be
offered chromos beside.
WALL STREET.
On the opening IL. l. Nicholas was largo
buyer of the market Northern Pacific pre-
fcrred was bought by Scranton and Willard
and S. V. White. Lake Shore was sold by
Atterbury aud Tilinghast. Campbell bought
In Oregon Trunscontinental Dickinson
Brothers and II. e. CambloS were buyers In
Reading Marx and Barrow Young were
buyers, and Zorcga and l.. L.. White were
sellers. In Ontario and Western Niles and
Sternbergor and Fuld bought, and James
Taylor was a large seller. j. o. Stevens
bought Northwestern and st. Paul. Jersey
lending for 1-l6 Others unchanged. Money
9 to q.
There is rumor in the stock board of n
commercial suspension up town, but 10 names
are given. A Chicago telegram says weather
cloudy and cool. Thermometer, $40.
Later-The dry goods suspension is Z.
Mayer g. Co.. cloth, 80 White street, and
their liabilities are $2,0O0,0O0. The concern
has made an assignment TO III. Danzig.
The commercial agency reports that f.
Mayer Co., assigned, were dealers in woolen
cloths and stood in high credit, with capi tai
from $500,000 to $1,000,000. There is one
preferred claim for 100000.
1t is reported in the cotton trade again to-
day that the crop will only amount to 5,00O,-
600 bales against 100000 last year.
The manufacturing wooden trade is better,
and wool has hardening tendency.
Chicago market weak and grain down to
1 to IL cents to-day. Canadian Pacific earn
ings third week i'll September increased
$4,000.
Cyrus w. Field, jr.. and w. B. Dowd ar
rived out to-day.
The selling of Lake Shore this afternoon
was started by Decordovafo for Osborne, and he
sold 5000 shares. Davis and Tilcston bought
1000 and McMecken bought 500. Sam
Walsh was sellor and Bell hammered the
stock. Coombs also sold. In New York Cen
tral Wadsworth sold and Horricl bought.
Amory sold largely of Northern Pacific per-
fcrred, Lapsby of common, and Sheldon of
Oregon Taanscontiuental.
REVIEW.
Stocks opened at an advance of cent on
shorts covering carefully SO rs not to force
the market up too rapidly. st. Paul, North
west, Jersey Central, tho North Paciacs,
Oregon Transcontinental, Union Pacific,
Reading, and Lackawany, werc specially
strong, though the Wizards showed fcverish.
ness with their strength. Prices held well
until toward noon when tho announced fail
II of n for
boldened the bears, and prices fell and II,
the latter Northern Pacific preferred The
notable feature however, was the absence of
bear selling, many being disposed to wait for
higher prices. Dickinson Bro. and II. S.
Camblos were buyers of Oregon Trausconti-
mental, but Bisseil was the principal buyer,
his purchases aggregating 5000 shares, being
as the supposition was, for Cammack's ac-
count.
In Lackawanna Redmond and John Wal
lace were sellers, and Gorcuria bought.
Hamilton and Connor bought 900 Louisville.
Peters bought literally of New York Central,
and Ryan sold. John Amory bought about
5000 Union Pacific during the morning.
Money 2 to %. Stocks were more plentiful in
the board loan department, except Jersey,
which lent Ito and later 1-32. Tho general
rate was the same us yesterday. Sterling was
firm. Government bonds were strong for the
as and weak for the 3's. The net result of
bne Uraulug up TO IL O'CLOCK showed gains of 4
to in Kansas and Texas. Missouri Pacific,
Wabash St. Paul, Pacific Mail, and
Northern Pacific, and declines of 4 each in
Texas Pacific and Lackawanua The market
was heavy at noon, and Northern Pacific pre-
ferred fell of }. Still lower prices were made
on the second call, when Lake Shore dropped
IA. Lackawanna further declined /, North
ern Pacific preferred and Oregon and Trans
continentalf II, and Western Union Z per
cent, There lrn rumOrs of i'm nnuIinCr "a IL
ures in connection with Il. Mayer 4 Co.
There is reported cutting of freight rates by
the Lake Shore road, and tho short
age in the cotton crop all combined
to assist the bears in hammering prices.
There was uniform weakness early in the
last hour, and Lake Shore was especially soft.
Stocks ut the close were dull and weak, show.
ing decline of I to "a along the whole list,
the latter being for Lake Shore. Tho North
ern Paciflcs. while weak and feverish all dav.
show less netdecline than any active stocks
on the list.
WASHINGTON STOCK EXCHANGE.
DistIfctOf Columbia.
Permanent Improvement 6s. 1891. coin. 49,; -
Water stock rs. 1901, currency, ... l23a Iii
Eiflyyear funded a,5. IgL currency. i65s iiOi
IMenty-ycar funded 0S 1899 cOin...,,",.., III ll5
ThiTty.year funded Gs i0O2 coin ~........ l2l 1885,
Hfre Insurance and GdS-Ltght C0mpdntsG
washington CITY Gas'lLsht' .."."par 3D., 35ia 20
Fllemen \ Insurance. ,.,,. ,...,..,,..2O, 49,, a
National Union Insurnnce.....,..,,50.., .,..,- 9JI5
Arlington INSURANCE OJ. l8j .,,,,n
Columbia lnsurance-,....,,....,...". 7s o}i
RdilyOdd HocFH
washington & deorgctown-bonds-..'- lOS -....
III