National Republican., 1883-06-08
THE MARKETS.
A Day Of Lively Trading With an Encouraging
Advance in Prices.
The Western linton 90 he Listed I'm Lon
don-Thc Wheat Market.
GENERAL GOSSIP.
!SDccfal Dfspd,cL

Special DtSpdch
NEW York, June Ut is stated, and gem
orally believed, that the Vanderbilt-Morgan-
Mills party have been working together on
the bull side of Jersey and Reading. They
bought 900 shares of the latter yesterday.
The bullish room traders thought there
might be some reaction to-day, as there was
considerable steam on at yeste rday's closing.
The bost class of traders believe the upward
turn has good foundation. and the general
sentiment is unqu estionably fav voring bull
market Tho commission houses are still
buying, and report that tho public is moro
inclined to do buying, and there is somo new
investment demand. Morgan remains bull.
ish upon the coalers, but he expects re-
action. Joe Mills is very bul lish on Oregon
Transcontinental, Jersey, Reading, and Erie,
and predicts that Eric will rise eight points
before IL declines two.
The Western Union will hold their next
quarterly dividend meeting on the thirteenth.
Gen. Eckert says the general business of this
company was never larger. Tho Northwest
annual meeting takes place to-day, and Mr..
Osborn was sent for to make q quorum. Tho
net earnings Of this company is between 10
and IL per cent.
Brokers say Connor's brokers appear to be
operating on the short side of Jersey Central
President Dillon says the Union Pacific now
has $500 stockholders, and the amount Of
money due from the government for over pay
ment of taxes on the main line is 81, 700, 600
aud this will be repaid soon.
The room traders, led by Kirkner, Bell, and
others, made up little pool Of 10000 shares
of Union Pacific yesterday and bought all the
974 stock.
The weather is hot.
Sterling exchange unchanged; stocks lend
Mt about 2; Jersey Central lends fat to 1854:
Missouri Pacific lends ut 9; Reading lends at
4, and money at21 to 3. Woerishoefror sold
New York Central Tileston bought same; f.
o. Gould sold Reading, aud Huntington
bought; Walker, Garcouria & Co. sold at
Lackawanna and Rutler and Gould bought.
The orders in Union Pacific appear to bo
about evenly matched. Franck bought st.
Paul. There are good buying orders in West
ern Union Van Emburgh bought Western
Union heavily. 1t is reported from London
that Western Union will be listed on the
stock exchange sure.
The principal buyers of Reading to-day are
Philadelphia brokers, and Davis, Minis, M.
Brown Smidt, and Marx & Co.. Cecil and
Ward were sellers
Walker, Goicouria, and Freeman g. Co.
were buyers of northwestern; II. Tileston
bought Lake Shore, and Bloodgood s. Co. sold
the same
- kilograms from Chicago report wheat very
weak. The brokers say WoerishoefIer is try
ing to cover up. Osborn q Co. are large
buyers OF St. Paul, Denver, and the coal
stocks, There is no Lake Shore Offering
Oppenhcim bought 1000 shares of Louisville
and Nashville. Johnnes sold 1000 shares Of
Union Pacific, and Toppin & Son bought
The largo buyers of Western Union were l..
l.. White, Demott Drexel, Morgan, Warmser,
and Prince & Whilely. Ballou sold, and tho
nj
Sterling dull but steady. Two thousand
five hundred shares of Canada Pacific was
bought for cash this morning by one party
and taken out of the market. The large
buyers Of Jersey to-day were Grant & Co.,
Demott, Oppenheimer, Young, and Morse,
De Haven, Gunther, Scott, and Knight.
Davis, Tileston q Co., aud N. l.. Hunting,
sold Jersey Central. j. o'Brion, Kidder,
Hatch & Son, Murray and Darling, and
Brownell, and London people also sold Jer-
sey Central.
There are several rumors regarding the
advance in Western Union. 1t is stated by
insiders that Geo. J. Gould sailed for Europe
on Tuesday with $4,000 shares of Western
Union stock for the London market. An
other story is Mr.. Gould joined bulls with
the understanding that the leaders would
help telegraph. The Woerishoffer people
have been covering stocks all day.
LONDON, 12:30.-Erie unchanged; New
ioIk NenVral, lOWerj WABASH preferred, 4
higher; Reading, higher; Lake Shore, 4
lower; st. Paul, higher; Louisville and
Nashville, higher; Ontario and Western, 1
higher Illinois Central, higher.
REVIEW.
The market opened active and dearer,
Union Pacific and Western Union being es-
pecially stiff. New York Central advanced
despite lower prices in London. Telegraph
stiftened on reports that it would soon be
listed in the London board. Money lent at
"a to g. Sterling is firm and unchanged.
Governments are firm and especially the
fours.
On the afternoon call Western Union led
the advance, rising to 81, and it was reported
that large block of stock has been shipped
for Europe. On this call the highest prices
of the day were made, but by 2 p. m. trading
Stacked up, and Western Union reached per
cent, and others fell OIL / to J.
1t is generally believed that the Woeris-
hoeffer party covered shorts largely to-day
At 23O the market continued quiet, but with
sustained improvemo mt of ] to per cent.
Between 2;45 Nand the close the market de-
elined under realizing by the room traders.
The closing was steady at the decline, with n
very firm undertone
sTocRB.
The following are the opening, highest.
lowest, and closing prices of the principal
stocks for the day, rs corrected by special wire
reports received by Bateman & Co., bankers.
M MOI