National Republican., 1883-10-19
THE MARKETS.
Cause of the Sudden FURRY and Jump in Jer-
sey Stock.
Business Active, but Accompanied with
Little Excitement.
GOSSIP.
Special DisDdich.

Special DfsDdich
NEW York, Oct. 1S.--Brokers soy the
sudden furry and jumps in Jersey just before
the closing yesterday was caused by tho late
calling in of stock, and certain lenders, fear
ing the standing of tho borrowers, refused to
loan stock any longer. Jersey was quoted 80
bid after the closing.
The bears have story that $4,000, 900
loan has recently been called on Jersey, and
also that a large one has been called on
Lackawanna. The trunk line people say the
Lackawanna is making money in the pool,
and its reduction in rates to st. Louis yester-
day has caused much feeling among the other
roads.
President Tillinghast of tho Lohigh and
Wilkes-Barre Coal and Iron company, states
positively there is no trouble among coal
companies of Pennsylvania.
Sam Sloane says the Delaware and LaclSa-
wanna company earned II per cent. id Au-
gust and September, and estimates October ut
same rates.
1t is estimated that 300, 900 shares of shorts
have been covered during the past forty-eight
hours, Keene bought 100000 shares and
Cammack covered extensively, but put out
another line before o'clock.
Woerishoefior says Lake Shore will go down
to SO on present movement.
Mr.. Millbank, the st. Paul director says he
IS buying st. Paul, and will follow it down as
low rs 1t goes.
Fresh points distributed from insiders to
sell Western Union and Missouri Pacific, but
tho traders are inclined to copper them, be-
Heying they are put out to misead.
While VIM. Ii. Vanderbilt was speeding
his trotter Early Rose around Fleetwood yes
terday, he came in collision with team
driven by trainer of Dave Bonner's stable
Vanderbilt was pitched out of his wagon fell
heavily on his shoulder, was picked up insen-
sible and taken to club house; he soon raj
lied, went home and played whist with his
family all the evening. Ho told his friends
he felt somewhat sore, but otherwise was
o. X.
Joe Mills says he saw the accident and it
didn't amount to much
There was big crowd at the Windsor last
evening, and the general feeling was very
bearish. Cammack said Oregon Transconti-
mental would drop to 90. The conference re-
ported between Gould, Sage, Vanderbilt, and
Field to stop the decline are pronounced silly
bosh
WALL STREET.
Jersey loaned up to per cent. this morn.
Ing later ut %. Northern Pacific preferred
loaned at to l. Sterling unchanged.
The steamer Fulda this morning brought
in 100000 sterling consigned to the British
bank.
In New York Central on the opening L. L.
White sold the options and Herrick bought
Reed was the largest regular buyer, and Min
ton sold Stout sold 1900 Kansas and Texas
and Sternberger bought 1000 shares.
In Lake Shore Brayton & Ives sold largely,
and Dimmick, Cave, and Content bought.
In Lackawanna sellers were Wallace and
Zeregar, and Hughes buyer.
In Western Union the largest buyers were
Dunan, Floyd, Jones, and Hotchkiss; sellers
were Truman and Stephens Reading was
bought by Morris, Brown, aud Bogert; Cros:
sold.
In Union Pacific Van Emburg bought, and
Hussey sold.
Not much Union Pacific offering.
m Erie Goodchild bought; sellers scattering
In Jersey Central the buyers were Davis 8
Minis, and Kemys & Babcock.
Vanderbilt is o. X. this morning, and hi
opinion of bears is unchanged.p
Government bonds are strong for small lots
4S are much wanted for taxes
A prominent foreign banker says he bought
10000 shares of various stocks to-day fol
London and other concerns, and has hat
numerous buying orders. 1t is intimatet
that gold is coming here to pay for thest
purchases. At noon Minis bought 5,00(
shares Laek&wanna' Among tho prominen
buyers of st. Paul to-day were James Wilson
Wadsworth & Bounier. The sellers wer,
Slayback & Opadyke.
In telegraph Johnes, Rogers, Boyd and L. l.
White have been the buyers.
Howard Lapsley bought 1000 shares Lake
Shore, and Hollins and Barton also bought
Prominent commission men are buyinl
largely this afternoon, especially tho grangers
which are oversold. The general impression
is that bottom is reached. Goud's brokers
are buying, but he declines to give any ad
vice.
REVIEW.
During the forenoon there was quite q
much activity as during the same hours yes
terday, with the difference that the business
was accompanied by less excitement.
The bears, who were apprehensive of
squeeze in Jersey, were caught by the stool
advancing to so in the first fifteen minutes o
business. The bears began covering, and ther
was u consequent improvement up TO l.
o'clock through the list leaving prices 70
active stocks II to % above last evening, ex
cept Lake Shore and Lackawanna, which onl,
advanced fractionally. Money to 2 to 81 Jer
sey lent 3 per cent. day, and Northern
Pacific preferred lent to /; sterling, un
changed.
Stocks wore held strong this afternoon
with the Wizards and the Vanderbilts lead
ing on the second call and very little shor
selling. The highest for Jersey was 80. Tn
floating stock of Jersey is practically cor
nered. All the brokers were busy to-day
With the exception of Northern Pacific com
mon, the Willard stocks on the second cal
show gain of per cent. for the day
Northern Pacific common gained g This wa
partially lost later and at o'clock price
were generally 4g1l off from the best, tn
latter Northern Pacific preferred. After
o'clock the decline was fully recovered, ant
at 2:30 stocks were at their highest, and gen
orally 14@2 per cent. above the opening.
Between 2:30 and the close stocks reacte,
fractionally, but closed fairly steady, and tn
undertone was much stronger than for week
past.
LONDON, Oct. 18.-Erie lower; Now Yorl
Central lower; Illinois lower Pennsylva
MIA Central lower: Ontario and Western
lower; st, Paul lower; United States bond
unchanged.
STOCKS.
The following are the opening, highes
lowest and closing prices of the principa
stocks for the day, as corrected by special wir
y reports received by Bateman Co., banker:
! No l4ll street northwest: