National Republican., 1883-04-10
THE MARKETS.
A Stronger Feeling Prevails and Trading is
Resumed With Considerable VigOr.
A General Advance In Everything Except
Western Union--Proyisionss
GOSSIP OF THE AIR.
cpecgoI Dfso1fcLg

and n considerable spring rise was generally
believed in. But great many people are look
ing first for a sharp reaction and predicting
q slump inside of 4S hours, after which
another advance would be in order, with
general support from the public People who
advanced the latter idea declared the market
had closed very toppish on Saturday, and the
fact should be remembered that the present
bull movement is mainly professional, and
manipulated by the big men who are now
working harmoniously, but watching each
other closely TO see who sells out first Brokers
said some of the big leaders were certainly
feeding out long stocks on Saturday, espe-
cially Missouri Pacific, Union Pacific, and the
Vanderbilts Flower & Co. bought $4,000 of
Union Pacific Saturday afternoon some say
for long account and some for WoerishofIer.
Brayton, Ives & Co. also bought a large
amount Of Lackawanna, and it was believed
in the board that lot of old stiff bears in va
rious stocks, ran on Saturday, and covered
shorts, but the brokers said that the stocks in
demand were surely fed out by the bulls. The
bears believe big reaction inevitable
because of this large liquidation of the short
interest, aud no further advance of import
ance of importance can be established with
out solid public backing. Some Of the lead
ing houses think the great feature of the
market will be determined within the next
three days, and the test will be q close and
severe one. The general belief is that Gould
is under the market, which will be sustained,
and there is q crowd of points to buy the
Southwesterns, Missouri Pacific, Denver, &c.
Sage is selling puts on Missouri Pacific at 102,
nj dauc 4
there is q 20 points rise yet in Colorado COAL
j. G. Mills returns very bullish, and says that
stocks are great purchase to hold for three
months, but says that he knows nothing about
immediate movements.
Woerishofler denies that there has been any
change in Denver ownership. Currency flows
rapidly from the interior, and the express
companies report that they are hardly able to
supply safe room for the transportation. The
earnings of the Granger roads were not so
great the first week in April as in the last
week in March. Northwestern increases daily
5000 or SO 900, and the st. Paul about $4,000.
Although there was a loss of about $4,000
tons of eastbound freights by the trunk lines
last week, very large increase is expected
this week. There's ono shipment Of corn
alone contracted for this week of 1000, 600
bushels for Liverpool.
Mr.. Vanderbilt, it is said, told a friend that
100 for New York Central would be tho fig
urc this month. John b. butcher says Van
derbilt talks exceedingly bullish on all
good properties, and believes in a much
higher stock market Cammack, Howell,
and Osborne telegraph that they will reach
Washington this evening on their way north.
The Western Union people expect favora-
Bile decision any day this week in the Will
Jams fifteen millions injunction suit, but If
the ruling is adverse the books Of the COM
'pany will be closed permanently until the
case is appealed. There is only 100 shares
fighting against the consolidation. There Is
a rumor current in railway circles of rate cut
ting by one of the trunk lines, but it is not
believed.
The market opened active ith full
board. The only weak stock was Western
Union, which was sold heavily by Van En-
burgh and Atterbury. There were lar &c
dealings in Lake Shore on the opening, the
buyers being Savin, Work, Strong and Rob-
inson & Simpson sellers. Chapman, Dillon,
Bogert & Gould and Meyer bought Lake
Shore up to lie.
Spencer, Trask & Cummings bought New
York Central and Read sold it. In Reading
+. E. Trowbridge, Stout, and Chaplin bought.
The sellers were Bonvier & Hotchkiss. In
Sta Paul Osborn & Co. bought. Stocks are
lending at 81; sterling unchanged.
Chicago markets fat and lower.
There has been considerable buying of St.
Paul this morning by Van Schaick, L. NJ
Travers, and Van Hoffman. The recent
large purchases Of Union Pacific are for the
Standard oil people. George +. Dickenson
has been offering Western Union and New
York Central down. There is n good demand
for sterling for to-morrow's steamer, with
light supply of bonds. Government bonds
are firm. London dispatches report money
easy at "a for bank discounts.
Chicago dispatches report better feeling
in grain this morning, with slight rally in
prices. The market has unquestionably been
over sold, AZ everybody talked bearish this
morning. No failures are announced and
none are anticipated.
IL is reported that there will be no lease of
the Wabash to the Iron Mountain, but simply
a running arrangement in which the latter
will take care of the Wabash's floating debt,
thereby relieving Gould, Sage, Dillon, and
Humphrey, with others of their loads.
The order in the Hatch and Williams suits
restrained the payment of dividends on West
ern Union until the directors give bond for
$200,0Oo
REVIEW.
The market opened with greater activity
and buoyancy, the only stock weakening
being Western Union, which declined point
on selling on rumors of an adverse decision in
the Williams injunction suit The dealings
in Lake Shore were heavy and
there was considerable buying by
leading houses. The order brokers were
sellers of New York. In Reading the buy
ing was scattering, and sellers Bowler,
Hotchkiss, and Burnham. The general buy
ing of the market was excellent up to noon,
with the largest transactions Of the spring.
1t is said that the Standard oil people were
the main buyers Of St. Paul Sterling was
further advanced to-day on the demand for
shipment tomorrow and light supply of bills,
Stocks lent at b; money was offered at 3
government bonds firm.
On the second call stocks wero stronger, be-
ing led by st. Paul Louisville and Nashville,
Lackawanna and Jersey Central. Northwest
common rose H. Omaha l, preferred }. Union
Pacific and the whole list, except Western
Union, was higher The latter rallied u little
this afternoon on the announcement that the
enjoined dividends would be paid by di-
rector Of this company on his own RESPONSE
bility until the injunction had been dissolved
by higher court. st. Paul preferred rose
per cent to-day. The Vanderbllts were
fraetionally higher to-day and SO were
the Southwesterns, but the advance
in these stocks was not very prominent Lake
Shore was the strongest of the Vanderbilts.
AT 2:3O the general list is within fraction
of the highest figures Of the day 1t is said