National Republican., 1883-01-26
THE MARKETS.
A Dull and Heavy Day in the Wall Street
Stock Exchange.
Large Orders 20 Buy ncom Over the
Water Cause n slight Advance.
TODAY IN WALL STREET.
cnecioI Disn1fcb


and lower at opening, with room traders lead
ing tho selling. Johns, prominet OPERATOR
sold about 10000 shares of various stocks,
which he had bought for an advance yester-
day. Lake Shore went down on q rumor that
Delaware and Lackawanna were shipping
freight via the Grand Trunk road. Keene
sold heavily. London, Frankfort and Am
sterdam also bought stocks, and the foreign
buying aggregated about $4,000 shares. The
leading bull-side traders still work together
in predicting higher prices before Saturday
night There was sitter borrowing demand
for Western Union. Hollins g. Co. lent a
fresh lot of 5000 shares of Lake Shore 2.
Money on call is 3C04 Money reported in
London outside the bank at 3.
Government bonds are firm for short series.
On the second call stocks were dull but de-
cdedly frmer. Delaware and Lackawanna
rose I, and Hannibal stocks 2@3, with a stiff
fleming of the entire list. At $3.50 the market
was quiet, and portion of the gain noted
was lost.
The best element in to-day's market was
the foreign buying in the forenoon. The
market closed fairly firm, with a gain for the
day from to per cent. There has been but
lllllb CONtIlDB VI lib blulb lhlSltou lu-uugy
the buying being mainly for long account
and by foreigners.
1t is reported on good authority that large
European orders to buy Wabash have been
received. Won Holman and Seligman have
been buyers
Mr.. Carson, of the Hannibal and st. 10, has
just returned, and says favorable news will be
known presently regarding Hannibal, Wa
bash, and Chicago, Burlington and Quincy
railways.
Insiders promise considerable advance in
Missouri Pacific.
1t is reported in the board that London
bought about 10000 shares here this morning,
mostly Denver, Lake Shore, Erie and Central
Pacific
1t is thought gold will come here in Feb
ruary in payment for these stocks, the bal
anco of trade being in favor of America.
Room traders led the selling movement this
morning, and prominent broker, who quit
long of 10000 shares of general market last
evening" says he slung them all out this
morning. Jameson Smith sold most Of the
Denver and Lake Shore was sold down by
Barney, Raymond, and Johns.
Seligman's London cables say money is
plenty in open market at 3 per cent. There
is less apprehension of trouble in Paris, and
rentes have risen 3 per cent. to-day in the
London market.
Paris dispatches say that hopes Of an agree
ment are not yet abandoned.
A Philadelphia dispatch says this morning
that money is a drug and can hardly be loaned
1t is stated that most of the outstanding
Reading railway scrip has been converted,
which insures settlement if desired.
Money lenders offer to pay for the sterling
scrip and extend the contract with the COM
pany two or five years longer.
Northwestern earnings the third week of
January decreased $7s, ,275 and the Omaha de-
creased $4,000.
A London cable says the Bank Of England
rate was reduced to-day from to psr cent;
consols rose 1-16; United States bonds un-
changed; New York Central, hi CHER Illi-
nois, /, and Pennsylvania Cen tral, 4 Erie
declined and Ontario and Western /.
The London Times to-day says that while
France is passing through o severe crisis 1t is
comfortable to know all other European
countries are tranquil.
Eugene says she did not see Prince Napo-
leon, nor endeavored to communicate with
him. nor was she invited to leave Paris.
9etter feeling in the market among brokers
up town last night, and thought the market
woul d be better. Osborn, Smith, Cammack
Connor, Woerishofler, w. l.. Scott, and Sage
were all heard from, and were talking very
bullish. Sage said generally the list was
a cheap purchase, and Wednesday was the
bottom day. Connor was indifferent to
temporary fluctuations and convinced that
prices would average higher this year as they
did in 1850. Also, that the market would
be all higher by Saturday night. Osborn
thought the market was going to be decidedly
better and neither he nor Smith had changed
positions on the market Woerishoner was
especially bullish on Denver and a believer in
better general market Mr.. Johns was also
bullish after closing.
Keene's following continued bearish and it
was he who sold so much Erie through some
of the Mills brokers. A story is current in
the board that the Mills party had been run
ming and cabled orders from Havana to sell
out but Gen. Perkins offered to wager $780,
Geo that the story is false. All agree that the
short interest has been greatly increased and
the market oversold.
The Omaha pool (Which bought 10000
shares of common ten days ago. still holds
their stock, and an upward movement will
probably be started in day or two.
1t was reported last night that a new bull
pool had been formed in Texas Pacific
Vice President Cable said last night that
the Minneapolis and ST Louis, the Burling-
ton and Cedar Rapids, and Rock Island
branches were all open again.
Inside parties say Elevated railway troubles
are again drawing nearer adjustment.
sTpCKs.
Tho following are the opening, highest,
lowest, and closing prices of the principal
stocks for the day, as corrected by special wire
r.ports received by Bateman & Co, bankors