National Republican., 1883-05-01
NEWS FROM WALL STREET.
A Dragging Market But Very Bullish Talk All
Along the "LOng" Line.
Tho d. md o. Loan Placed I'm London
Tho Grain Trade Apsthetic.
GOSSIP.
Special Dispatch.

NEW YoRR, April 30.A fair majority of
the conservative operators anticipate higher
market this week.
Notwithstanding the dullness Of the past
week the indications point to pronounced
improvement by the middle or latter part of
this week.
An intimate friend of Mr. Gould said yes
terday that ho had long talk with Gould
Just before he left for the west. Gould did
not expect much of a rise until the opening
ofnext month. Mr.. Smith says he's perfectly
satisfied that very great change for the bet
ter will set in, and that now is tho time to
buy. Mr.. Mills and Mr.. Flowers say that
there is nothing In the general situation upon
which to sell stocks short; that general busi-
ness is prosperous, money cheap, and every
thing iourishing. excepting the iron trade,
which has been depressed partly owing to tho
action of the large manufacturers in endeavor-
ing to crush the smaller ones.
The Mills people say that Erie never had
better business, and declare that the last re-
port of earnings published was cooked up to
bear the stock and bonds In Wall street.
The Flower people continue very bullish on
Omaha stocks, predicting higher prices than
in 1882.
The Willard Mills party are very enthusiasts
tic over Northern Pacific and Transcon-
tinental, and many believe that these stocks
will be in the front on the next bull move
ment.
The Oregon Transcontinental has over two
years dividends already in its treasury, and
II Is intimated that the interest payment will
be advanced from 6 to z or 8 per cent. this
year, in which case the stock may go to
ITO or 115.
Woerishoffer talks very bearish, and says
that the stock market was never so sure a
sale. The bull cliques, he argues. have al
ready abandoned all hopes Of being able to
put prices up, and their main endeayor is
now TO get out with as little loss as possible.
Messrs. Tillinghast of the New York Cen
tral, and Newell, of the Lake Shore, both re-
marked yesterday that the trunk lines COM
pact was never so strong as at present, and
the new traffic arrangements just made will
prevent any more cutting in either direc-
tion.
Mr.. Gould, in conversation with q Buffalo
reporter ON Saturday, said that the troubles
in connection with the telegraph consolidation
were passed. and the consolidation was fixed
fact. Regarding the southwestern roads, he
said that the whole system was growing fairly
prosperous, and that the consultations which
have taken place were growing in the direc-
ton of economy to success.
Loaning rates for stocks about A money
to 5. Sterling steady and unchanged.
Vanderbilts and grangers and coalers are dull.
oregon IrhnSCOnUlneulhld dCulNe, NOTk-oJrOHB
are largest buyers. Wabash preferred bought
by Hudson. There was a large crowd in
West Shore bonds at 90t, Marx and other Ger
mans are prominent buyers. Puts are for
sale in the street at II; all the year on these
bonds for per cent.
A Chicago grain dispatch says there is very
little in the market to induce speculation,
and the only feature is dullness. The corn
mon are very quiet and the scalpers are doing
the business, and that not much activity is
looked for until the May stuff is placed.
Philadelphia advices say that IL is regarded
as probable that the Pennsylvania Central
will recommend 2 per cent. cash and q in
scrip tomorrow.
Work and Strong bought about 10000
shares of Northern Pacific commons this
forenoon, and Boston parties were buyers.
The Baltimore and Ohio 100000 loan
was taken in London inside Of forty-eight
hours time. Hfa HDN
REVIEW.
The market opened dull on Vanderbilts and
grangers. The rest of the list is active. The
German brokers bought West Shore securi-
ties Among the general buyers up to noon
were Prince & Whitley, Flower q Co., Hol-
lins & Co., and Ballon & Co. At noon there
was a slight reaction on very light trading.
The rates for stock loans were L. Money
was at to 5. Sterling was steady and un-
changed. Government bonds were dull, but
strong, with few offerings. On the second
call stocks, with but few exceptions, were
again selling up to the best quotations Of the
day, the leaders being well sustained.
At 2 p. m. the highest prices of the day
were made, Oregon Transcontinental, Dem
yer, Louisville and Nashville, Lackawanna,
and the Narthern Pacific stocks advancing
from 1@1 per cent. from the opening.
At 2;30 the prices were shade lower, but
steady.
Money advanced to z, and this appeared to
check the rise little.
THE GRAIN MARKET.
The large bulls in wheat are waiting for
small ones to tire, and little break would be
good thing all around.
There is 100000 bushels on route from Ten
nessee, which slightly increased receipts.
Stock in Chicago decreased 100000, and in
st, Louis stock has dwindled from 100000
to 100000.
This stock has been the big bear argument
This week it is expected to sec 2,500,000 corn
move out from Chicago.
London cables down TO 4 p. m. report
Americans stronger, and that money is very
easy in London at 2 per Get.
STOCKS.
Tho following are the opening, highest
lowest, and closing prices of the principal
stocks for the day, as corrected by special wire
reports received by Bateman u Co., bankers
No. 14l1 L street northwest: