National Republican., 1883-05-26
THE MARKETS.
A Very Dull Day on Wall Street and Uncer-
tainty as TO the Future.
Rather Moro Than the Usual Volume OF
Talk Concerning Stocks and Crops.
GOSSIP.
Special DisDdich.

the bridge opening caused the dullness in
Wall street yesterday afternoon, and there Is
n very general expectation of q better market
to-day or tomorrow. The president Of a
prominent city bank, which collects the most
of the money throughout the whole country
for the dry goods trade, reports collections
better than ever before He also says the
only blue spot seems to be Wall street. Osborn
says he is bull on st. Paul for 20 points rise. /
Werishnfer was not in the street yesters I
day, aud the brokers declared Morgan's brok.
ers were the most active traders 'o .ai -
The Standard oil people bought about 5000
Union Pacifc,and Boocock bought 5000 North
Pacific common.
J. q. Mills says people who are selling
Northern Pacific common short will get left,
as Willard will absorb all offered. 1t is said
there are orders In the market to buy all Pa
cifc mail Offering without bidding up stock
The Rome and 0gdonsburg people say Sam
Sloan did not voluntarily resign from their
company, but they put him out on finding
that he was running the road entirely in the
interests of the Lackawanna.
Sage is selling six months to all the year,
spreads 90 apart on Lackawanna, Lake Shore,
and Union Pacific for per cent.
Tho chronic bears declare trading has again
relapsed into thimblcrigging, the shorts are
pretty well out and no outside business &c.
The Lackawanna people say they have
again arranged for through western passenger
traffic and competition for emigrant business.
This company has Just applied for equal priv
leges with the trunk lines at Castle Garden,
and there is trouble brewing in the pool.
Mr.. w. s. Gurnee says Mr. Gould tells him
he is a great bull on the general situation,
but Is doing nothing in wall street, and pro-
poses never again taking any active part in
speculation. If he did he would buy 100000
shares Of stock now, and ho believes there
will be rise of thirty points before decline
of five.
The Wabash road, Gould says, will proba-
bly, pay its fixed charges from this years
earnings and the Kansas and Texas will earn
dividend. He adds, great deal of the lat
ter is being cut up and shipped to Amster-
dam.
Market opened dull and steady. Stocks
loaned at and 3; money 3; sterling 4S5 and
81. Van Hoffman sold Erie at 35b. Johnes
bought the most Delaware and Lackawanna.
Lapsley bought North Western, and Body
McClelland sold the same. Bouvier sold
Lake Shore. Only little buying in New
York Central, Western Union, or Union Pa
ciic. Van Emburgh sold st. Paul. 1t is re-
ported that st. Paul at next annual meeting
viii COHblucT Hu lHCTCdSB VI SUZUKI W TbpTb
sent that part of the road on which no bonds
have been issued
A St. Paul dispatch says the Manitoba and
Canadian Pacific people have settled all their
differences, and thus avoided q rate fight.
The Chicago Tribune says unless better feel
ing prevails at next meeting of Iowa
passenger pool next Tuesday war of rates Is
certain
at the meeting Wednesday Merrill of the
st. Paul characterized the position taken by
Rock Island railways piece of trickery for
purpose of making trouble, and he would not
accept less proportion than other lines, and
If war resulted he could fight as good rs any
body.
Cable Of the Rock Island upon being asked
why he refused the st. Paul the same terms
as other roads,said he meant to give 1t dose
of its own medicine, and the st. Paul made
all the trouble year ago.
The brokers report the room as about as
bearish as ever, but there has been large buy
ing of Lackawanna. Zeerega bought $500
and Hunting 1000 shares.
Weather in Chicago is cloudy and warm
and kilograms received here report wheat
down Ia cents.
Northwestern earnings for the third week
% May show an increase of $3450O. The
Union Pacific earnings for twenty-five days
in May show a decrease of 100000. The
earnings Of Gould's Southwestern railway
system for the third week in May shows Al
increase of $97,sT.
Sterling firm; a bid of SO, less l-16, for ter
thousand pounds refused bills fe offering
There is a rumor Of a very large bull combi
nation in stocks including many strong anC
leading operators. Montreal is selling Mani
toba on decreased earnings.
Philadelphia kilograms say the only en-
couraging feature OF the coal trade is quiet
eastern demand.
The order for full time at the mines mex
week is not regarded as stitffPkr and
prices as it will increasehough bridge into
An east hnjar Gunnison. No passengers
s'filed. The engineer and fireman were
A Duluth, Mimi, dispatch says that CITY
is excited by discoveries of gold and silver in
the city limits
REVIEW
Stocks opened dull and steady, but the
feeling in the room was rather bearish. The
market advanced to in the early dealings,
Johnes leading off in Stock trading. Van
Emburg sold Wabash preferred down Ala,
and St. Paul was sold ON report that capital
stock would be increased
The vice president of the Chicago, Milwau-
kee and ST. Paul (Wadsworth) denies this
report. The dealing in st. Paul was mainly
confined to the traders led by Krkner.
On the second call stocks were dull and
fitful. The outside buying being quite limited
Manitoba went to 1904 on selling by Cana.
dian spectators. Subsequently the report
OF war OF rates with the Canadian Pacific
was authoritatively denied.
Union Pacific was bought on scale orders
by Flower & Co, Money loaned at 3, and
stocks to 3. Exchange frmer for short
sight. Governments We're dull. The earn
ings Of the railways for third week in May
generally show large gains, The Northwest
increased S34,500; Louisville and Nashville,
$2l,0OO Northern Pacific, S27, $50 and the
Omaha increased $s,300 The Union Pacific
earnings for twenty-five days decreased 500.
0OO There was considerable selling of Union
Pacific this afternoon for Boston account.
The market was very dull ON the second call.
Work Strong q Co. and II. p. Flower sold
Texas Pacific with scattering buyers. At $40
the market continues very dull, without
especial feature save n slight advance. Mar
ket closed dull but firm and without especial
feature.
LONDON 12;3o-Erie, lower New York
Central, lower; Wabash preferred, 3-l6
higher; Reading, lower ST. Paul, lower;
Lake Shore, lower; Louisville and Nash.
ville 1915 lower; Ontario and Western,
lower Illinois Central, unchanged.
sUBTREAsURY BALANCES.
Con",'.''''SllJsl005l Oj Currency. 53s 90
STATE B0Sps
Georgia es.e.,..,;.u.., lo2 n, Carolina sp1tax.
SeorEis is ts' roid aIIl" M, ig ~ JOSEPH 100
louisiana consols-,. 6iA Tennessee new..... 3OE
missouri 6s ll2a Virginia Os- ....... 3s =
y Caro,ina' od-'''"' 10 Virginia 6s, oonso .,. 81
y Caroiiilh' new;;s, ~ Virginia Us, deferred 10
N. Carolina, con. IS. 70Is Tennessee common al