National Republican., 1883-10-02
THE MARKETS.
Probability That Tolegraphic Stocks Will Lead
This Week.
The Large Traders Little Mixed on the
General situation.
GOSSIP.
SDectal Dispatch.

SDeciol Dispatch.
NEW YORK, Oct. LIN clubs and hotels
yesterday there was considerable expectation
of improving this week. provided the Willard
liquidation ends. Many think that telegraph
will probably lead on the rally, and it is be-
lieved that the legal decision is doubtless q
foregone conclusion in favor of Mr.. Gould,
Rufus Hatch admits that his and Williams's
suits have been virtually settled and each
will probably receive new stock for the old
and check for the difference in money. The
election of Baldwin to the Western Union
board and proposed election of Gould and
Sage to the Louisville board on Wednesday
formed the basis for and concluded this COM
promise on telegraph matters. Tho large
traders are q little mixed on the general sit
uation, but nearly everybody is bcarsh on
the Northern Pacific stocks because of the
continued outpOur from some unknown
source of long stock. Cammack says he
knows Mills has sold out his Villards with q
loss of $2,500,000, and he further believes
there is no possibility of their going up again
except they become over sold. Cammack and
Joe Mills both say they don't believe
the Northern Pacific company will be able
TO raise the proposed loan. A prominent.
Broad street house, lately very bullish on
these stocksAsold ten thousand shares Satur-
udy ana Uno WOerlSnOcUer-oullUnp party prOD-
ably sold as much short The collapse of the
Boocock bull pool of ten days since is now
said to have been caused by Wizards backing
out of his agreement to take 10000 shares of
the proposed 100000 share pool. Wizards
friends say he will withdraw his consent only
on finding that buyers could only be found
for $4,000 instead of $4,000 shares. Kceno
and Sage talk bullish on the Viii
lards, and Keene believes Northern Pacific
preferred will earn dividends tho first
year A prominent foreign house shipped
$500 shares of Northern Pacific preferred to
Europe on Saturday, and says that a good
deal of Erie, Rock Island, and Illinois Con-
tral is being exported.
The Denver pool is in Osborn's Office, and
it is said the combination bought $4,000
shares Friday and Saturday, but Cammack
and Scott advise their friends to let it alone
at present and to buy nothing.
There is no truth or sense in the Philadel-
phia story of Saturday about Nickel Plate,
The falling off of 1000 tons in east bound
freights was owing to lessened shipments of
provisions which advanced above shipping
values.
Chicago telegram says the withdrawal of
the Chicago and Eastern Illinois railway from
the Ohio river freight pool yesterday means
war.
WALL STREET.
hemarket opened dull, the largest trading
being in Northern Pacific preferred, with the
largest sellers, j. NJ. George, Chapens, Powers
and Stevens. r. S. Elliott sold below the mar
ket on sellers option.
Fanshawe sold Lake Shore and Campbell
bought. Sternberger and Fuld bought New
York Central and Niles sold.
Sterling unchanged. Stocks lending rather
more plentiful, New York Central LEA, and
Jersey fiat.
The feature in New York Central is the
turning Of stock on sellers, Cos, most of which
has been done by Stenberger & Ruld Jo.
stephens and Brow sold. About 5000 shares
are offered ia and 80. The selling of the
Wizards seems to be mainly short stock, and
the buying very good. Work & Strong and
ID. o. Mills, brokers. and the room traders
have bought long. The Osborn people caught
all around the market this forenoon, particu-
larly of the Wizards and st. Paul, Philadel.
phia brokers have bought 1900 Reading to-
day. and while trading is light aud market
dull the feeling in the room is for better
prices this evening. Sterling soft and dull.
REVIEW.
Tho market opened dull and generally
lower under the lead of the Wizards, which
were down 3@1 per cent compared with
Saturdays closing Northwest was the next
weakest feature, and fell off on light offer
ings. There was slight rally about the mid
die of the forenoon, the strongest feature be-
ing telegraph, which rose per cent. The re-
suit Of the forenoon's trading was q decline of
per cent in Canada Southern and New York
Central, the majority of the list being trifle
higher at noon than at Saturdays ending.
The selling of the Wizards was apparently for
the short interest.
In the loan department. of the board stocks
were more plentiful. New York Central 1854
and Jersey Central fiat. Sterling soft and
dull. The steamer Normandy from Havre
brought 100000 francs to Seligman of this
city Governments strong. The market was
absolutely without feature between ~ and 2
o'clock. The dullness being excessive an
other range OF fluctuations inside of ! per
cent. Now York Central was sold to-day,
partly at least, on the opening of the West
Shore to Syracuse to-day and the extension
of the opening of the latter TO Buffalo
before New Years.
There was slight improvement in tho last
hour and rather more activity, but no features
Market closed dull but fairly steady.
Closing prices, as compared with Satur-
day, show the following changes Advanced
Western Union, o. Erie, t Louisville and
Nashville, 4; Chicago and Northwestern,
/; Union Pacific 4: Jersey Central t; st.
Paul, / Wabash, 1; Wabash preferred, /;
Denver, / Delaware, Lackawanna and West
ern !; Oregon Transcontnental, 1 Northern
Pacific common, D; Northern Pacific pre-
ferred, ! Reading, J; Pacific Mail, a;
Rochester and Pacific, b Canada Southern, l.
peclined-C Chicago, Burlington and Quincy, 4 |;
New York Central, ! Michigan Central, /;
Lake Shore, / Texas Pacific, /.
LONDON, 12:30-American bonds steady
and UNCHANGED. Erie, t lower Reading, /
higher; st. Paul, lower.
STOCKS.
The following are tho opening, highest,
lowest, and closing prices of the principal
stocks for the day, as corrected by special wire
reports received by Batenan & Co hanLors