National Republican., 1883-02-01
THE MARKETS.
Stocks Weaker and Lower, with Downward
Tendency All Day,
And Nobody Seems 20 he Able to Guess
What the Future Has i'm Store.
REVIEW.
Special Dispatch.

REVIEW.
Special Dispatch
NEW YoRK, Jan. 31.--Stocks were weaker
and lower at the opening and the short inter-
est sensibly increased.
Tho Grangers were most pressed for sale in
the early dealings on reported suspension of
freight traffic in Minnesota and Kansas by
the blizzard. The coal road stocks were
stronger. The Vanderbilt's declined about
1 to !, and at noon rallied sharply on a report
that Vanderbilt, who had been reported sick,
was all right again.
The general market was strong on the sec
ond call Oh the announced call of ten millions
ol bonds by the government. Northwest raj
lied u and Union Pacific !, Louisville and
Nashville T. Denver and Rio Grande 1t,
OMAHA 1, Delaware and Lakawanna l, and
the remainder of the market in less proper
ton. The room traders were very bearish,
and claimed that insiders were selling. Tele-
graph stock was quiet and steady and unaf-
fectod by the reduction by rival lines.
Money was offered at and finally at 3, and
stocks Mt about 3. Sterling was quiet and firm.
In the last hour the market was extremely
dull but prices were stiff at nearly the best
figures of the day.
1t is announced this afternoon that the
Mutual Union and Western Union matters
arc in a fair way of adjustment.
The West Shore bonds will be listed to-mor-
row.
Toward the close the market weakened and
closed with the lowest prices of the day. The
market is like the horse that was led to water.
The big operators claim they see premonitory
symptoms of thirst on the part of the public,
but as the lambs are led 10 the water they
show no desire to drink.
An old sea captain once called upon alands-
man to come down from aloft. His reply
was, If hold on, will freeze; if let go,
] will fall"
The big operators who are trying to make
q bull market are in the same fix the lands
man was they will have to hold on until the
weather changes.
The market is confined entirely to street
operators, and when they get filed up it says,
and then they sell out, and SO it goes from
day to day.
If this is bull mark ct IT, is one that calls
for frequent trotting out and lively exer-
cisng of the three principal virtues-faith,
hope, and charity.
Yesterday Mr.. Vanderbilt was rumored to
have sneezed, and Immediately the bull fleet
with remarkable celebrity took the backward
track as though sailing before hurricane.
1t would be too great strain upon the imag-
ination to conjecture what the consequences
would have been had that distinguished
inancier's cold brought forth an able-bodied
cough. This morning the bulls were barely
discernible prowling along the horizon.
RUMoRs OF THE MORNING.
Paris advices say the bourse is heavy and
rentes are weaker.
1t is reported OH authority that not dollar
in cash in settlement of East Tennessee
and Memphis and Charleston affairs has been
rendered by the latter company, but the re.
port to-day is thdf they will raise it.
The East Tennessee will accept payment
of floating debt, and 100000 cash bonus if il
is actually rendered.
The government has issued call for $10,-
100000 bonds which weakens SIS and makes
old bonds firm.
The room traders are extremely bearish
and say that insiders have ordered sales on
each rally.
selgman & Wormser say that London is
doing nothing to-day.
S. V. White and Kirkner sold the Omaha
stocks down.
The Germans have been buying Erie and
st. Paul.
Pennsylvania coal advices this morning re.
port the demand Unprecedented along the
line of the Reading The fall in iron pre-
vented the importation of any of the better
grades, and has made corresponding increase
in the demand for domestic pig, which in turn
has put all the furnaces in full blasts and in
creased the positive necessity for large sizes
~ hn wi
quently be compelled to work full time at the
mines next week.
Bankers report money very plentiful.
A dispatch from the Grand Central depot
this morning says Vanderbilt is O. k, and il
the storm ceases he'll go out to-day.
The Bankers and Merchants Telegraph
company announce n reduction in rates to-
morrow of 20 per cent. on Baltimore and
Washington. The tariff will be, Baltimore
and Washington, 20 cents; Philadelphia, II
cents.
The generally agreed cause for the reaction
yesterday in Denver was simply owing to {
turn for about 2 per cent. by some large
traders. Gould, Cammack and Osborn were
in consultation yesterday evening and sale
they were bulls ON the market yet.
The best houses on the street continue
bullish, and say the bear traders have made
no money for the past two weeks.
Sage said the market had merely had {
reaction, and was without other significance
The Va nderbilt following and brokers, alsC
Gould's brokers, talk bullish.
The brokers say it was Woerishofier wht
sold most of the Denver yesterday.
Mr.. Connor said the market was not likely
TO be again affected by the question of Van
derbilts health, as prices are sure to advance
Bears have been endeavoring to create dis
trust by private reports that two or three
commercial houses and prominent city banl
will smash ON Feb. /. These reports have M
foundation, aud don't affect bank stocks,
Dispatches this morning say Monday
storm in Minnesota almost buried up scort
of northwestern railways with snow.
LONDON, 12;30.-United States bonds un
changed Erie declined / New York Cen,
trail ! ; Pennsylvania Central /; Reading /
and St. Paul &.
STOCKS.
The following are the opening, highest
lowest, and closing prices of the principa
ocks for the day, as corrected by special wire
rpurts received by Bateman g. Co., bankers
No COrcoran building: