National Republican., 1883-05-12
THE MARKETS.
Another Dull and SpiridOss Day ~ Wall
Street Exchange.
Reports from the wheat Region--Snsnersi
Commercial News.
A DAYS GOSSIP.
Spfcfdf Dispdich.


NEW York, May 1.-The clearest-headed
traders thought this morning that there was
no very good selling of stocks yesterday, and
they believe that the market would do to
buy again this morning, especially If quota
tions opened lower 1t was generally ox-
pected there would be strong advance in
railway bonds to-day, particularly of West
Shore, and this might have favorable effect
upon good stocks. The West Shore bonds
were So bid in the street after the closing
yesterday, on tho greatsuccess of the Drexel-
Morgan loan. 1t IL stated that strong houses
bought 100000 Of Richmond and Danville
debentures yesterday, and still bid for more.
Tho insiders say that these bonds will 60 to
So, and there has recently been very good
buying Of them.
Some of the shrewdest traders bought vari-
Gus stocks long just before 3 yesterday, and
they said they expected TO be able to sell
them out at higher prices before to-day's
closing, The brokers report that the same
general manipulation goes on at the board,
but the short interest increases all the time.
Boocock sold Louisville and Nashville down
yesterday, on the alleged cutting of rates by
this company and 6ght with the Iron
Mountain, the East Tennessee, Virginia, and
Georgia roads. But Louisville advices say
tho announced reduction in freights by the
louisville and Nashville had no particular
significance, and stated that the difference
could be easily settled. Conservative traders
declare they had rather buy than sell Louis
vile and Nashville now.
Woerishoeffer continues very bearish, urging
>hat general business is extremely unsatis-
factory, that there are no stock buyers, that
the cliques are full, and that Europe is
liquidating Its American SO curities.
1t is stated that Gowon's friends hero are
circulating petition among Readings stock
holders, urging him to remain president, with
. salary of $4,000. The paper has not been
signed by any large shareholders.
The superintendent of tho bank department
has requested the presidents Of savings banks
here to send him their views on the Page bill
TO present them to the governor next Wednes-
day.
Davis & Tilestou and Mott bough New
York Central; Van Hoffman sold Lake Shore
and Wormser bought; Bird sold Jersey, an
Cohn a Barrow Young bought; Tunis sold
Central Pacific, and Mott bought. The bond
market is dull. West Shores offered at SlA.
There is rumor in the board that the Chi
csgo, Burlington and Quincy propose an issue
Of nine millions of bonds. This compan y hai
just declared quarterly dividend of pei
cent. payable June 10.
Tho principal sellers of Jersey Central hav'
been Work & Strong, Coombs, Il. o. Gould &
Young, with scattering buyers Illinois Cen
tral has been called in to-day, and loans
at 1-64.
Wormser Co. have been the largest seller
of Central Pacific this morning
A Milwaukee dispatch estimates tho tota
wheat crop at four-ffths of last year. The
crop in Minnesota will amount TO about 81
per cent. As whole the Indiana state board
report the crop prospects very discouraging.
statement of the amount of grain in sight;