National Republican., 1883-05-25
THE MARKETS.
The Opening Of the Bridge Was Too Much For
the Traders in Wall Street
After Promlsing Beginning Business
Was Practically Abandoned Yesterday.
GENERAL GOSSIP.
gnrcjnI D}enoIcb


Special DiSpdtch.
NEW York, May 24.--It is reported that
Woerishoeffer covered his Lackawanna
shorts yesterday. The pool in Central Pa
cihc is very strong. The largest buyers of
the market yesterday were ID. o. Mills and ].
G. Mills, Smith, Morgan Osborn, and John
Shaw. The latter has just Joined the bull
people. Morgan and Smith have bought very
largely Of Jersey Central, Lake Shore, Lack
awanna, and st. Paul. Tho Mills people
bought Erie. ]. G. Mills says that the people
who are buying stocks now will have no
stocks for sale under o 10 per cent advance,
and tho short interest has increased so greatly
that the bears do not even pretend to make
their deliveries; that there are no long stocks
pressing ON the market for sale, and the
Mills people believe there will be great rise
in the market during June and July. Schipp
bought Union Pacific largely, and Osborn
continues pronounced bull on the situation
The bulls in Jersey say that the Reading
guarantee Of 6 per cent. comes ahead Of all
the Reading sureties and Independent of this
the road will earn from 8 to 10 per cent
There is good buying of Jersey incomes and
the talk is ITO for them.
probably be some reductions to-day, but they
will not sell short They say that while the
market closed largo portion of the buying
came from parties who "run" easily, and
there was about as much manipulation as ever
yesterday. Tho Vanderbilt party arc very
bullish ON Lake Shore, and say that the shorts
have not began covering, and this stock is
going up presently. The Wabash Pacific rail-
way people say the car orders last week were
large, but the storm did some damage which
may prevent any increase in the earnings for
the past week.
1t was reported in railway and pig iron cir
cles last night that the Allentown (Pa.) iron
works would suspend to-day This concern
failed in 1873 for S750,000 and has since been
weak.
Henrique announced that the Monday sum-
mer opening at IL o'clock would be resumed.
In Western Union l.. l.. White & Co. are
selling. In Union Pacific Dominick bought
$500 shares at 80; l.. l.. White is also large
seller of Union Pacific. In Northwest the
buyers were Ogden King, Closson, Hays, and
ID. and +. Calbron the sellers were Nicholas
and Darien. Barlow offered stock seller 10.
In Wabash preferred Drake sold and Domi-
nick and Darien bought. In New York
Central the Europeans are buying
Heath and Wormser were purchasers and
Reed and Herrick were the sellers. In Lake
Shore Sternberger and Van Hoffman bought
and Campbell sold.
The thermometer in Chicago is 20.
A Chicago telegram says the railways have
put sudden end to the war with the board
OF trade, and tho shippers will again be
allowed to have weighmasters at the scales.
Sterling is dull and demoralized, and the
best bills can be had at 4S7 to /.
Government bonds are q shade easier.
The decline in Wabash preferred Is owing
to rade by Drake and Jameson, and Smith
and Colting.
Sterling weak and offered at 4s7t Van
Hotimann and Wormser are selling bills.
There We're many stocks bought here this
morning in London account.
A Washington dispatch says the Union Pa
cific has made claim for part of the Fort
Wallace reservation. 1t Is expected the first
comptroller of the currency viii ,gfye q de-
cision in favor of the Union Pacific, on the
government Withholding earnings for govern
ment transportation.
REVIEW OF THE MARKET.
The market opened stronger, in sympathy
with an advance in the London market. and
: the European orders to buy New York Central
/. and Lake Shore. stocks loaned 2 to 8; money
offered at 3; sterling was very heavy and de-
clinod }; government bonds were a shade
easier
Toward noon stocks became quiet, and
portion OF the mornings Improvement was
lost.
l.. l.. White sold telegraph heavily d. A.
Ball sold extensively of Louisville and Nash
VILE Wadsworth bought Central Pacific and
III. l.. & Co. also bought Richmond aud DAN
Vile debentures, In which latter there was
considerable stir. The liabilities of the Allen
town Iron works are half million and the
assets are nominal.
The announced suspension Of this company
had but little effect upon the coal shares
which continued quiet, but shade easier.
Business came to stand still on the second
call, mainly owing to the Brooklyn bridge
opening and the brokers absence.
At 2:30 p, IN. stocks were dull and Lacka-
wanna and Union were inclined to sell Off
The market closed firm. What little trading
there was after the second call was for long
account
LONDON, 12:30.-Private cables here New
York; this morning reports Americans ad-
vancing; Erie, higher. New York Central
4; Wabash preferred, 3-l6; Reading, \ ;
Lake Shore, & ST. Paul, 1t Louisville and
Nashville, 4; Oregon and Western; ! Illi-
nois Central, & Pennsylvania Central, /, all
higher. United States bonds unchanged.
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 & Co., bankers,
No 1Al1 II street. mort wnat.