National Republican., 1883-06-29
THE MARKETS.
A Rather Quiet Day in Both tho New York and
Chicago Exchanges.
n Slight Advance Followed by a Decline
I'm stocks--Fsilures In Chicago.
GOSSIP OF THE STREET.
lSD<cfdf Djenafch.

Special Di6Ddfch.
New YORK, Juno 2S.-The traders say there
was not sufficient general movement in yes
terday's market, aside from tho fluctuations
in fancies, TO indicate the probable course to-
day. Still there remains great confidence In
better prices when the leaders get ready.
The selling of Denver was either for Woeris-
hoeffer, or that Louis Bell sold it for himself,
is the theory of the traders. His sales were
about 1000 shares, and he bought it all in on
the decline without affecting prices. 1t was
reported that other parties sold about 5000
shares of long stock. Kocnes brokers were
buyers yesterday afternoon Of various stocks,
supposed to be for covering shorts.
William l.. Scott is very bullish on Mani
toba and bids por cent. to call 10000 shares
at Ids this year. The room bears declare that
insiders arc selling Wabash. The room traders
werc evonly divided in their opinions last
night.
James Seligman says that London will buy
stocks here as soon as the market hardons.
The standard oil people are very bullish ON
st. Paul, and advise their friends TO buy.
Rockefeller says that while he can't guess
what Wall stroct may do with stock, he has
bought great deal and is ready to buy fur
trip over this road and. with good crops, he
believes tho earnings will bo $2,000000 over
the dividends and expenses
j. q. Mills says he believes that stoclSs
will 40 "a booming" just after July a, tho
same as last year
Three months money is offered at to -
United States 3's active at 10i as offered al
1.20.
Mccormick, Adams 6 Co., Chicago, tele-
graph that Chicago market are heavy, with
an unsettled feeling but with the exception
of the Nichols failure there is no further
financial trouble Corn and wheat are i'm
proving with the warm weather.
l.. l.. White sold 1000 shares of Erie. Bell,
Walsh, and Bogcrt sold Jersey. Grovenstein
bought Lake Shore. White bought Reading (;
Marx also bought and Dillon sold.
1t Is reported ON very good authority that
Vanderbilt yesterday bought controlling in
terest in Lake Erie and Western, and the
papers were signed. He has been q large
owner of tho bonds for several years.
II. o. Kenyon & Co., large grain house in
Chicago, failed this morning. Liabilitie:
and assets not reported.
David Dows & Co. have received Chicago
dispatches reporting banks there in good
shape and anxious to lend money.
Union Pacific earnings for tho twenty-siz
days of juno show u decrease OF $126,000
REVIEW.
better. 1t became weak and declined to
per cent. the first hour, Jersey suffering most
from sales by the room traders. The market
was very dull, the only life being in the Goa
stocks.
About noon thore was n reaction and
gain of to 4 on the first hours decline
This gain was followed by fractional decline
on rumors, not authenticated, of troubl,
among the Chicago banks.
Reading was fairly steady ON Gowen's an
nouncement that tho Reading company would
pay tho interest due on back coupons Afte
noon the market was dull and languid al
about tho opening figures. Later the failur,
of Kenyon & CO., grain house in Chicago
was announced. Ae'aN
Stocks loaned at about 9; Jersey Central a
1-64 to 1-32; New York Central at 1; money
at "a; sterling exchange was steady; thro,
months money was offered at 3 to 81.
On the second call the market was stronj
prices on belief that the Chicago trouble wa
but trifling. @ ~ tdf1
1t was reported in the board that Osborn'i
people were buying stocks. sF
At 2:30 the market was dull and q shade Of
from the highest prices,
Stocks at the close were quito strong, an,
better prices are predicted for tomorrow
LONDON, 12:30-United States bonds un
charged; Erie, lower; New York Central
lower Pennsylvania, 1 higher; Reading,
lower Ontario, higher; st. Paul, lower
STOCKS.
The following are the opening, highest
lowest, and closing prices Of the principa
stocks for the day, US corrected by special wir
reports received by Bateman & Co., bankers
No. 1I11 street northwest: