National Republican., 1883-03-17
THE MARKETS.
The Price Of Money Still Goes Up, While
Stocks Go the Other Way,
And Dizziness Rcigns Among the Bulls
and Bears i'm Wall street.
GOSSIP or THE STREET.
Special Dispatch.

SDectW Dispatch
New YORK, Mar 16.-Operations in the
market yesterday were so light that very
little was said last evening by traders about
the probable course of the market to-day.
The bears continued to talk of lower prices,
and Woerishoffor declafed that there was no
market at present, and when the bulls at
tempted to sell they were obliged to buy ten
times as many moro stocks TO hold tho mar
ket up. He only believed in Denver. Cam
mack believed that when funds became easier
stocks would decline instead of advancing.
The bulls argue that the shrinkage, so far, is
but little, considering the stringency in
money, and stocks held up very we'll.
The earnings of most. of the granger roads
are increasing hcavilygnd the gain promises
Mr.. Gowen, of tho Reading road, said there
was no foundation for tho rumors of trouble
in the coal combination, and the companies
will work full time in April The car trust
bonds of the Reading have been placed. The
100000 bonds have also been subscribed,
and closed out for the Southern Pennsylvania
limo of the Reading from Harrisburg to Pitts
burg. Mr.. Vanderbilt took third of this
q entire issue this week. The Reading will
next May deliver coal over the new Pine
Creek extension to the New York Central for
the Western trade.
Brokers say that the market was raidcd at
the closing by Johnes, Slayback and Hen
riques, but the Osborne people bought heavily,
st. Paul was bought by the Osborne follow
ing, and Cammack says that Vanderbilt is
sustaining stock, having bought lot of it last
January. Cammack says that the bank state
ment tomorrow will show an increase in re-
serves, as tho result of loans called in. Some
brokers think that the increase will be seven
millions.
Loan renewals were made at 10 to 12. Money
about 10.
The Vanderbilt stocks are weaker and dull.
Bouvier g. Campbell sold Lake Shore.
Probst bought small dealings in Union Pacific.
LONDON, 12:3O.-United States As lower
4'4s rose /. Erie declined /. New York Cen
tral declined t. st. Paul declined t. Reading
declined /, and Ontario and Western de-
clined 4.
An indianapolis telegram to the Chicago
Tribune says that there Isl war of rates, fierce
and strong, between the Panhandle and In
dianapolis Bloomington and Western, with
no end in sight, and that the Bee line will
probably take hand in it soon.
The room traders are free sellers. Kirkner
offered Lake Shore down. Moriac and Peters
and Pell are selling Delaware and Lacka-
wanna, and the bears say ID. o. Mills has
sold largely for several days, but the strong
holders do not appear to be sellers to-day.
United States as are active at 100, and the
supply is small.
Seligman & Co. say there is more gold on
fha r,o,,, /.
siderable shipments from France and Ger
many.
Exchange is fairly steady. The Adriatic
brings 100000 in gold to the British bank.
Union Pacific insiders are buying calls on
that stock at 105 for sixty days and 100 for
the balance Of the year. sststJlc oasss
Later advices say that the only gold on the
Adriatic is that consigned to the British bank
Money is at 16 bid.
REVIEW OF THE DAY.
Stocks on continuous bear hammerng
opened J to 3-6 lower for Vanderbilt's, Lacka
wanna and st. Paul. and to I for the re
mainder of the list. The strong holders arc
apparently indifferent to tho decline. The
room traders were free oiferers of everything
and about all the buying came from the shorts
The continued stringency in money is dis
cOuraging outside buying. Money loaned VI
to 10 per cent. early, and stocks at 10 to II.
UNITED States As are active at 100, with
small offerings. Exchange is fairly steady
There was a slight Improvement at noon, but
the prices were generally,3 to l point below
the opening on a dull and dragging market
The decline in Vanderbilts, grangers, tele,
graph, Lackawanna, Denver, Louisville and
Nnchyilln md WnhaGb ahnu
half point, but there was decline of ]
point in Cincinnati, Burlington, and Quincy,
Delaware and Lackawanna, Omaha, North.
western preferred Canada Southern, North
ern Pacific preferred. Central Pacific, Missouri
Pacific, and Wabash preferred.
Money lent at Is on the second CALL and
business in the stock board again stood still.
At 2:30 money again declined to 10, but nj
improvement in prices or animation in stock!
followed.
While tho present extreme stringcncy con
tinues not much activity can be expected il
the stock market. There remains nothing t.
be done but to stand up to the existing money
rate. There is nothing in the position to cx
cite alarm, as the conditions are too heathtu
to permit of anything like crash. There
must, sooner or later, be an end to manipula
tOn in money, and IL seems probable that tn,
end of the present jugglery is near at hand
Mercantile paper has been affected and il
selling higher. If tho bank statement, OF
publication, appears rs favorable MS has beer
prophesied that fact will probably exert
favorable influence on the market.
CHICAGO GRAIN MARKET.
SDecid, Dispatch.
GHIcAGo, Mar. 16.--The break in grain th
afternoon was caused by a sensational rumoi
of hot corn" supposed to have emanatet
from John b. Lyons Office after change
The market is half cent higher, and nearly
everything is considered a good purchasp
STOCKS.
The following are the opening highest
lowest, and closing prices of the principa
stocks for the day, as corrected by special wir,
reports received by Bateman & Co., bankers
No. 14ll L street northwest:
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