National Republican., 1883-10-18
THE MARKETS.
The Bears Make Things Exceedingly Exciting
in Wall Street
The Wizards suffer nIost-GouId Throw
ing Over Western Union.
GOSSIP.
Sptcidl Oispdich

GOSSIP.
Sptctd Disp1ich
NEW York, Oct. 17.-There were large
crowds of traders at the hotels last evening
discussing the situation. The average opinion
current was that the market had gono down
beyond all reason and that nothing now would
besurprising. Therefore, predictions were idle.
There was somo little buying yesterday by
capitalists who had boon out of tho market
for long time, and wero now buying few
ecurities on q SCALE A case in point was the
buying Of Omaha stocks by Flower & Co.
yesterday, and if this class of buying con-
tinues, the bulls believe IL will turn the
market. The bears, nevertheless, control
the situation and declare that the coalers
and grangers will be lower this week. They
say that the coalers, however, are in no
serious trouble in the trade but they do claim
that insiders have sold out, and in some cases
the executive officers have sold short.
Cammack and WoerishoefIer's brokers were
the big sellers of st. Paul yesterday, and
strong points were in tho room to sell that
stock short. Cammack says the Rockefellcrs
party are ON the keen run, and are trying to
unload
After the closing Lacllawanna sold at LIB,
and Henriques offered 500 shares at l.134 at
the Windsor hotel.
The Lackawanna and Grand Trunk are
offering Chicago tickets below the pool price.
Mr.. GOwen, answering tho Dinsmore suit
against the Jersey Central lease by the Read
ing company, said this action was inspired
and paid for by the Pennsylvania Railway
company.
A st. Paul dispatch says Manitoba wheat
turns out badly. 1t was nearly all frozen in
the milk and this shows that that country
will always be too cold for wheat.
At the opening Now York Central was sold
by o. O'Brien, Prince & Whitley, and Reed.
Bogart bought.
In Lake Shore the largest sellers were Davis
and Minis, Worden, King and Bogert. The
principal buyer was Campbell.
Oregon Transcontinental was sold heavily
by Van Emburgh and William Heath. The
largest buyer was Decker Howell.
In Reading Philadelphia houses were sell
ers and the other sellers were Raven, Calm
q Co., and G. N. Brown. Tho buyers were
Van Hoffman, Nicholas, Powers, and
Stephens
In. Lackawanna sternberger, Mullan, CLOVIS,
i. L. White, and Willard sold.
Western Union was sold by II. p. Flower &
Co. and Dunan.
Erie was sold by Hotchkiss to Brown and
Gernsheimer. The largest buyer was Hard
ing.
In Union Pacific Hamilton and Connor sold
and st. White bought.
Northwestern was sold by Hollister. j. II.
Davis, and Demott.
Northern Pacific preferred lends at ] to
premium; sterling unchanged; money to %;
sterling dull and soft. The largest seller OF
lackawanna was Bissell. In Northwestern,
Wetmore q Co. wero tho largest sellers st.
Paul earnings for the second week in October
show SOL ,O56 increase.
Powers and Stephens sold 5000 shares of
Union Pacific J. NJ. George sold Lake Shore
down, and Nicholas and Slaybacll sold North
Pacific preferred. Brokers for Woerishoetler.
Smith, and Newcombe are heavy sellers. 1t is
reported that the Pennsylvania Central will
meet the Lackawanna cut on Chicago rates
Immediately, and the New York Central and
Eric will follow suit. .ggHHra5J % a
The room traders are selling the whole
list, and the bears trampie on anything
showing life. Brokers have thrown over
many stocks without ceremony held for
customers on margin. Brownell & Co. sold
Erie. The buyers were Niles and Goodchild.
Coombs is selling Lackawanna
At 13O the room traders were large buyers
of the general market, and the room feeling
was better. Prices were higher, but trading
was light. Randolph & Robinson sold about
1000 Lake Shore. Sternberger & Fuld sold
$500 New York Central, Tho buyers were
Spencer Trask, Hatch g. Kendall Van Dyke
and Reed.
REVIEW.
The market opened with tho Wizards and
Lackawanna as the weakest and most active
features, and traders were selling the whole
list In fact, the fraternity seemed to be
soized with desire to sell everything with
out discrimination. Commission houses
slaughtered the weak margined accounts un-
stintedy, and the support on short coverings
was scarcely perceptible. Only Jersey and
New York Central were fairly sustained
Reading showed some strength. The utter
decentralization from bears boldly selling the
list frightened the woud.be bulls. The de-
clines frightened many long holders into
selling, beside hitting some acknowledged
leaders pretty heavily. The indications are
that Gould threw over Western Union and
Missouri Pacific Stock loans ara sharply
sorutinized. by lenders, Tho lowest prices
were current just before IL O'clock.
Compared with Tuesdays closing the declines
were Reading, Louisville and Nashville,
per cent. Tho most important declines were
Oregon Transcontinental, Canada Pacific,
3; Missouri Pacific, 81; Louisville, IS West
ern Union, 25; Northern Pacific preferred,
Al Northern Pacific common, 2B; Cannda
Southern, 3, and Omaha common. 2f. The
grangers showed uniform losses Of 2 per cent.
Money loaned ut q. The loaning rate for
stocks was about 2: Northern Pacific pre-
ferred, premium, .r
Between IL and 2 p. m. prices reacted to
3points generally. Oregon Navigation re.
covered SI, but more than half of tho rally
was lost after 2 o'clock.
Ii Is reported that Woershoetfor covered
10000 shorts to-day. At 2;l5 tho market was
dull, but with a downward tendency. Now
York Central was raided in the last hour and
sold down to 12A. At the last moment Jersey
Central took jump, caused by the shorts
covering, and stop orders were caught all the
way upto 81. Eight thousand were bought
in on a stop order at tho latter figure Stocks
closed weak aud Irregular.
LONDON, l23J.-United States As lower;
New York Central lower Illinois II lower
Pennsylvania Central lower; Reading BIG
y lower; st, Paul lower.
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 Batemsn q Co., bankers,
No 14l1 II street northwest: