National Republican., 1883-05-08
THE MARKETS.
Stocks Stronger and More Active-Large Deals
in the Vanderbilts.
jersey Central and North Pacific Also
Active-6ioId Going 60 Italy.
GENERAL GOSSIP.
SncnlnI nicnnich

Special Dt6Ddfch.
NEW YORK, May 7.--Mr. Vanderbilts
friends say that he was undoubtedly buyer
of New York Central, Lake Shore, and Michi-
gan Central ON Saturday and also that he has
not sold any Of these stocks for year. Will
lam Heath q Co. say London probably sold
$4,000 shares of New York Central hero Satur-
day morning, but the stock was absorbed by
the short interest. Supt. Tillinghast, Of
New York Central, says the business of this
road was never larger and more profitable
than at present, and he does not believe that
Mr.. Vanderbilt has parted with any Of his
holdings. The Mills people say that those
people who have been selling New York Cen
tral in anticipation of reduced dividends this
year will be greatly mistaken, and there is
official assurance to the contrary.
The trunk limo people are much gratifed
over the large increase in east bound freights
last week, which reached over $4,000 tons,
owing to the reduced rates. The Michigan
and Fort Wayne lines carried tho largest per-
centage (23 per cent. each), and the Grand
trunk came next, with 20 per cent
Tho bear party Is lessening, and not nearly
so aggressive, and Worshoefer is now the
main leader, as Cammack has retired, and
sails for Liverpool on Wednesday.
Gould and Sage are expected home next
Saturday and its said they have been quiet
buyers here ever since they left, especially Of
Union Pacific. Mr. Gould's friends declare
he will inaugurate q sharp bull campaign and
probably bring the Denyer and Union Pacific
interests together as u starter.
1t Is calculated that IL the savings bank
bill is signed by Gov. Cleveland and becomes
q law, government bonds will decline and
good dividend stocks will be bought by the
savings banks in their stead
Wizards friends says he will return here on
the fifteenth instant, whom sharp advance
will follow in Northern Pacific and Oregon
Transcol ltinental
The bulls say that the Vanderbilt retire
ment is already discounted, and the commits
sion brokers report steady increase for
bonds of oil kinds. Large London orders
cabled Friday for $4,000000 Of bonds offered
by Lanier, and they, will be taken before
Wednesday. 1t is said the Astors own about
ST 100000 of these West Shore bonds. The
West Shore opens for traffic to Syracuse June15
II. N. Smith and ID. p. Morgan said Saturday
evening they expected higher market to-
day. Smith stops at the West End (Long
Branch) for the summer. Two per cent. is
bid for the Canada Pacific August dividend,
and insiders say it will be "a. Tho talk is 70
for this stock within ten days.
The buyers of New York Central are Go
det, Leavitt, Kirkner, Barton Hollins, and
Marks. Herrick offered 5000 shares of New
York Central at 121, seller go. In Lake Shore
the buyers wero Hollins, s. V. White, Camp
bell, Cecil Ward & Co., and Truman. Willard
and 0akes have reached the end of their line
at Helena, Montana. Two hundred and thirty
miles of the Montana division is yet to be
constructed.
1t is reported that Keene has sold puts on
half million barrels Of oil at 50, sixty days,
for.1 per cent
Hugh Riddle, president Of the Rock Island
road, has returned from California. He has
regained his health. The Canadian govern
ment has expended SOS, 100000 on the Thun-
der bay and British Columbia sections of the
Canada Pacific road, and will spend $11 ,000,-
600 more for branch lines in the northwest.
Government bonds are weaker, and very
good authority, says the savings banks bill,
will not make the great difference in invest
ments that many believe, and there are
doubts whether the governor will sign it,
Cotton is feeble this p. m. Sterling is
fairly steady! w. ts.aC'-t
1t is reported that ]. s. Morgan & Co., of
London, have accepted the agency of the
Western Union Telegraph company.
A Washington special says the supreme
court has denied motion for hearing the
Virginia and Louisiana bond cases.
Application has been made for the listing
of $5,000,OOO of Atlantic and Pacific mort
gage 5 per cent. bonds and $3,750000 Of in
comes.
REVIEW OF THE DAYS TRADE.
Stocks opened stronger and more active,
the largest dealings being in the Vanderbilt's
and Jersey Central. ID. p. Morgans brokers
were prominent buyers of Jersey Central.
New York Central opened at 1924 and rose to
123, and Lake Shore advanced from 110B to
Ill. Herrick offered several thousand shares
New York Central at 12l, seller go, but no
takers. Canada Pacific was active. The
largest buyers were Oppenheim, Probst, Asiel
& Co., and Warmser. Union Pacific rose !.
Railway bonds were strong, with increased
demand for investments. Stock loaned at
to 5, and New York Central lent fiat money
at Al to 5. Sterling quiet and steady.
On the second call prices were fractionally
above the best figures of the morning, but
the trading was limited. Most of the busi-
ness was in Jersey Central ON q rumor that
the company would pay per cent. dividend
the first year. 1t was leased by the Reading
company.
The Northern Pacific stocks were firmer on
favorable report from President Willard re-
garding the condition of the crops and tho
construction progress.
Foreign bankers report money in London.
outside bank, fully 3, which is the bank price,
and it is possible higher rate will follow
this week.
A good deal of gold is going to Italy for
specie payments, and to France for liquida-
tfon for French securities sold in London,
owing to the disturbed political feeling
throughout France The announcement was
made this afternoon that the London syndi-
cate had closed out its entire amount of Can
ada Pacific stock taken few days since.
At 2:l5 p. m. the tone of the market was
strong, but not very active Ogden, King &
Co. bought 5000 Jersey Central to-day. At
2:45 the market was dull and steady at about
the highest quotations of the day.
LONDON, 1890 p M.-St. Paul, higher
Beading, higher; New York Central, 4
lower; Pennsylvania Central, lower.
,sTocKs.
The following are the opening, highest,
lowest, ana closing prices OF the principal
stocks for the day, as corrected by special wire
reports received by Bateman q Co., bankers,