National Republican., 1883-04-28
THE MARKETS.
Trading Dull and Prices Declining in the Wall
Street Exchange.
Explanations OF the Recent. Drop In Ger
tain Securities General Gossip.
GOSSIP OF THE DAY.
r....s..g Yaf....f.i


NEW YORK, April notwithstanding
the comparatively heavy closing of yesterday,
the bulls still maintain that there is nothing
in the situation to sell good stocks upon, OK
cept the weakness in the fancies, and many
held that stocks would do to buy again this
morning for the rally which IL was thought
would be about due this afternoon.
The short interest is overwhelming, and IL
Is maintained that when the street and room
begin covering there will be rush among
the bears. The roon traders continue ex-
tremely bearish and declare that they see
nothing but further liquidation. The decline
In the Wabash stocks yesterday was mainly
caused by heavy sales by the Dutch.
mon who sold them all day. Texas
Pacific was depressed by unconfrmed
rumors of new stock to bo issued for Gould's
loans-about $2,400, ,000--which lie has ad-
vanced during tho past two years, and bond
interest and other obligations for the first
proximo. The bull movement in Pullman is
said to be over, and the pool has sold out The
commission brokers complain that the bears
have almost killed the outside interest. 1t is
stated that Gould is borrowing large amount
of time money, and it is believed that he is
getting ready for a sharp upward turn in cer-
tain stocks when his plans are completed
Gould has purchased Keene's $4,000 Rosa
Bonheur cattle painting for $4,000.
A dispatch from Utah says that terrible
storm has prevailed for several days through
out the territory, and that all freight and
passenger cars on the Washington and Ne
vada road near Ogden were blown from the
track.
Stocks are lending at dto5 money Is offered
at g. The market is dull and irregular. Yer
milye sold New York Central; Harris & Son
bought out; Won Hoffman sold Lake Shore.
Hunting sold 1000 shares of Wabash pre-
ferred. Dillon bought 1000 shares Of Erie.
Osborn & Co. sold Kansas and Texas.
President Perkins, of the Chicago Burling-
ton and Quincy, writes to an officer of the
Hannibal road here that he considers the
purchase Of the Hannibal road as settled. The
bonds will bo exchanged for preferred stock
about May 1, but if not ready then certificates
will be given.
The Gould party go west from Buffalo via
the Grand Trunk.
A Philadelphia dispatch says that the
short interest in Pennsylvania railway shares
is reported as being very large. Reading is
dull ON the depressed condition of the iron
trade. In the government bond market
United States As, AVS, and 81 are in demand,
the latter because of the reopening Of the
books next week.
Wabash is the weakest feature of the mar
ket, and has been vigorously hammered
There is an increased demand for borrow
ing stocks. Lester, of Chicago, telegraphs
Ed Willard that the weather there and in the
northwest Is simply perfection.
The Osborn Woerishoffer brokers sold most
OF the st. Paul to-day. Thompson sold $500
and Tout sold 1000 shares more Quick sold
1000 of Wabash preferred.
The Gould brokers are bearish on New York
Central and Lake Shore.
Selling in New York Central was started
by Enos & Co., who sold 1000 shares at 124t,
seller CO. Hatch & Sons sold considerable,
and S. V. White sold 5000. Kirkner also
sold and Hertz sold general list. The princ-
pal buyers of New York Central on the reac-
tion was Mr.. Reed (the order broker) and
Fansham.
REVIEW. '7
The market opened to lower with dull,
feverish and irregular trading, Before noon
there was q farther fractional decline with
only little inclination to buy from any
source, except to cover shorts. The short in
terest continues very large, and good gem
eral borrowing demand is reported at 4 to 5
for stocks.
Money is A TO 3; sterling unchanged; gov
ernment bonds in demand, especially tho 3ps.
The Wabash stocks were especially pressed
for sale to-day, and Osborn's and Woeris-
hotter & Co.'s brokers were free, general
sellers
On the second call the feature was the
large sales of New York Central by the room
traders, who hammered it down to 125.
At 2 o'clock there was somewhat moro ac-
tivity and trifling rallies of to 4.
At 2:30 the activity continued, and most of
the leading stocks recovered from tho morn
ing's weakness.
The Vanderbilt's stocks, excepting New
York Central, recovered the mornings de-
cline this afternoon, but line of Central was
put out just before the closing at 124I, sell
Ter go.
Money closed at Al.
The market closed with prices ruling about
as at 2:30, and with but little business being
transacted.
Robert Bruce furnishes the following fig
urcs showing the visible supply of grain;