National Republican., 1883-04-26
THE MARKETS.
An Extremely Dull and UnintoreSting Day in
the Wall Street Exchange.
Prices Weak and Deolining-The Grain
Trade-Tho Gossip OF the street.
FACTS AND FANCIEs.
Soenfdl DisDdich.

Special Dt6DdtcH.'
New YORK, April 25.-The street is puz-
zled regarding the trading in Lackawanna,
and some think that the large buying by
Hollins & Co. was for the Vanderblts. Others
think It was for Mr. Morgan or Mr.. Connor.
Messrs. Morgan, Smith, and their following
continue very bullish On good stocks, but it
Is understood that Smith has sold his Denver.
Cammack is great bear, but he has resolved
TO make no new contracts in the market until
after his return from Europe next fall.
He continues TO talk of Denver, but his
friends say he has sold most of his stock, and
will resign from the directory before he goes
abroad.
The Louisville and Nashville people say
that they sold their treasury stock year
ago, and the funds therefrom paid their
floating debt. Louisville and Nashville stock
(treasury stock) had already been sold in
advance, and was borrowed before the presi-
dent was authorized by the directors to dis
pose of it. 1t is the Newcomb party who
are the principal sellers Of 1t at present.
Prominent room traders declare that there
is but little in tho market either way at
present, but they are bulls on the situation
until the fall. Tho short interest in the
general market is immense, especially so in
Michigan Central Union Pacific, Louisville
and Nashville, New York Central, and New
Jersey Central, and these stocks are all over
sold Cammack believes that Union Pacific
is going much lower, and he says that he has
information that the Louisville and Nashville
last year ran 100000 below the fixed charges.
1t is said that the Texas Pacific will soon
issue 5000 shares of new stock to pay for n
new short line connecting with the New Or
leans Pacific.
The market opened quiet and very dull,
with only q light attendance. Fanshame sold
some Lake Shore, and Kissam bought the
same stock. Stocks are lending at a.. Money
is offered at g. Sterling is unchanged. -.
Chicago dispatches report the recent cold
weather did not affect grain. 1t is reported
that conferences have been held between the
officials Of the Denver and Rio Grande aud
the Central Pacific regarding Denvers pro-
portion Of the through business.
There have been large orders received here
from Canada to buy Minnesota and Manitoba
1t is stated that the annual report will show
an increase in earnings of 90 per cent with
mileage increase of IL per cent.
A Philadelphia dispatch says there is re-
port current there that the Pennsylvania CEN
trail directors contemplated some sort of a loan
instead of stock issue, but 1t is believed that
the latter will be decided upon.
Bradstreet reports that Handy Richardson
& Co., grain dealers of Chicago suspended
to-day. They had credit rate Of $150,000
to 100000. Liabilities not known.
REVIEW.
The opening was dull and the attendance
was very light. Tho trading was small and
unimportant. Pullman Palace stock advanced
to 1891 on light trading. At noon the general
list remained very quiet, with quotations
above the opening figures. The strongest
features were the Northern Pacific stocks,
Louisville and Nashville, Jersey Central,
Rook Island, and Canada Southern. Govern
ment bonds were more active, especially the
DIS. Sterling advanced on light offerings
stocks loaned at about a, and money at 3. On
the second call the dealings were very lin
tied and prices declined q shade.
The short interest in the market is very
large, and this tends to prevent much weak
ness, as many stocks are oversold.
Money loaned ut during the last hour
From 2:3O to the close the market continued
to drag heavily. there being but very little
doing. At the close tho list generally was Of
per cent from the prices prevailing at 2:30
Robert Bruce says the clique were heavy
buyers of wheat yesterday through their Chi.
cago correspondents, They talk very strong
for 1876 for June or July. Corn is neglected
The markets open at lis for June and 1855
for July. Corn-May, 55s; June, 573; July
59t.
LONDON, 1870 y. m-Bonds-5's, ! lower
New York Central decline 3-16; Erie,
Reading, !.
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 q Co., bankers
No. 14l1 + street northwest: