National Republican., 1883-01-31
THE MARKETS.
The Wise Men Of the Street Give Up Trying
to Guess What Stocks Will Do.
The Professional Spectators Managing
Things 20 suit Themselves.
REVIEW.
Special Dispdtch.

REVIEW.
Special Dispdtch
NEW YORK, Jan. 30.-The market opened
firm, with the bulls in CONTROL the general
mark ct being in the hands of professional
speculators, pure and simple. There was some
buying by Keene's brokers on short coverings
early in the day, and the general list inn
proved between J and II per cent, the latter
in Illinois Central,
Trading in Denver was very large. New
directors--scott, Giddes, Meyer, and Cassatt--
were elected TO the Denver board this after
noon, and announced that peace had been de-
clarcd between this company and the Denver
and New Orleans, which have been warning
for long time. A good deal of New York
Central and Illinois Central stock was bought
here to-day for London account.
On the second call the market became sud-
denly depressed on a rumor that Mr.. Wander
bilt was very i'll. This report was subse-
qucndy denied.
The room traders raided the market on this
news aud Lake Shore, Denver, Northern Pa
ciGc, Canada Southern, and other stocks drop
ped two to one points. Subsequently rally
came, but early in the last hour the market
was dull and dropping.
Money was to 4 stocks lent at 3; ster-
ling exchange was active and firm, and gov
ernment bonds were higher.
While the bull combination came into the
market this morning presenting pretty solid
front, and kept prices well stiilened up until
about half past !, at that hour the market COM
menced sagging off as usual this time on tho
subsequently, contradicted rumor of Wander
bits illness
While the rushes of the bull movement are
characterized by an energy which speaks
well for its vitality, it seemingly lacks the
strength to hold on to its advantages, and
firing out, falls back nervecss after every
sortie. If the heavy men who have it in tow
can infuse the necessary amount Of inspiration
into their whistling, they may yet lead their
followers past the graveyard unhurt by un-
canny apparitions. Once out of the shadow
of the cemetery walls, they continue to hope
that they will be joined by the long-looked-
for public. As IL stands, the market is par
adox-it is anybody's market and nobody's
market.
GOSSIP OF THE EARLY HOURS.
NEW YORK, Jan. 30.-Brokers say this
morning that all the big operators bought
literally of stocks Saturday, and there was
more buying yesterday.
Gould was probably the largest buyer of
Union Pacific The Vanderbilt people sus-
tanned their stocks firmly, and promised, bar
ring accidents or unexpected favorable news,
that the higher priced stocks would lead, this
week, with an advance of to 5 points.
The best traders say they stand ready to
buy at every reaction, from the present time
out, because they see that strong parties will
como in whenever the market gets weak
osborne's people predict that St. Paul COM
mon will move steadily to no, and Denver
reach 55 this week.
CommacS was bullish again last evening and
said that the Denver people would probably ar
range to-day for a change in the directory. 1t
Is understood that a Chicago, Burlington and
Quincy man will be in the new directory.
Cammack had u long talk with Gould last
evening.
Mr.. Smith says he has never changed his
opinion on the situation, andis as confident
as ever of q better market and that true
values will assert themselves.
Mr.. Connor thought stocks were in strong
hands and the outlook was brighter than ever.
The short interest had increased heavily. He
looked for a gradual hardening of the market.
The Gould brokers in the board say there
is an indication that Texas Pacific and Kansas
Texas will lead the Southwosterns, and they
expect bull market for the rest of the week.
1t is said the Delaware and Lackawanna
was manipulated down yesterday to buy
upon, and the operation was successfully
carried out
Mr.. Barton was the largest buyer of Lake
Shore yesterday.
German houses generally control the deal
In Louisville and Nashville.
1t is reported this morning that the Denver
board charges will be delayed until next
week on account of some legal action, first
necessary in Colorado, whittier w. l.. Scott
goes to-day.
On the London market United States 4ls
advanced per cent: Erie, per cent; New
York Central, per cent; Illinois, per cent;
Pennsylvania Central, sper cent, and Ontario
and Western, per cent.
pShShihh ~ w. iulolb thuu lhcy uuNo Dtbll
buying New York Central and Illinois Cen
trail for London this morning
French advices are of an improved charae-
ter and rentes advanced 80 centimes.
S. V. White bought the most Denver this
morning. The room traders are generally
bulls.
Stocks lead at 3 and there is light demand
for money at 3 to A.
The holders of Louisiana state bonds issued
for the railways have decided to bring suit
against the state
The Bankers and Merchants Telegraph
company opens its Baltimore and Washington
Offices for business on Thursday, Feb. l.
AFTERNOON RUMoRs.
There is authority for tho statement that
5lr. Gould, as president of the Wabash Pa
cliic, and the largest owner of Hannibal and
st. Jo has consented to joint lease of Han
nibal and St. Jo with the Chicago Burling-
: ton and Quincy. This is an excellent thing
for the Chicago, Burlington and Quincy, as it
will prevent the construction of parallel
line by the Hannibal and St. Jo from Quincy