National Republican., 1883-05-05
THE MARKETS.
A Stronger Feeling at the Opening Followed
by Varying Prices.
Boom For Richmond and Danviilc-
Union Pacific Braces Up LittIc.
A DAYS GOSSIP.
Special Dfepdfch.

NEW YORK, May d.-Iho largest commis-
sion houses report that Notwithstanding the
increased trading in the market there has
been but few more outside orders to buy or
SELL and aside from the professional trading
the dealings yesterday were not large, but
the bulls were satisfied and they look conf
IDENTIFY for a wider range of trading as the
season advances
The short interest in Union Pacific and
Central Pacific has not begun covering, but
some buying for this. account is expected this
morning on the reports Of settlement with the
government. A prominent uptown bear
covered 10000 shares of Lackawanna yester-
day. Osborne & Co. were reported as sellers
of 10000 New York Central for Vanderbilt
house, and this firm were prominent sellers Of
the general market, except buying Of West
Shore bonds. The room traders say
they sell New York Central short be-
cause they believe Mr.. Vanderbilt
is willing IL should drop, and they find few
buyers as IL recedes. The Traverse party
continue especially bearish on Louisville,
which they believe will break badly on some
thing which is liable to happen in sixty days,
but the short interest Is very large in 1t, and
the market absorbs all the stock offered. The
bulls declare the general list has now very
powerful backing, and believe in hardening
market.
Bocock bought the omahas largely yester-
day.
Points are plentiful and strong to buy Dem
yer for 52i to-day and 55 next week. os-
borne & Co. are advising purchases of Den
yer.
Holders Of the New Jersey Central income
bonds havo decided to take no legal action
Immediately to compel payment of the back
interest, and accepted advice Of Receiver
Little to wait little longer He believes
the movement to take the road out Of the
hands Of the court is genuine, and is not a
stock jobbing scheme.
The Boston Transcript says the Union
Pacific earnings for April show decrease of
$164,000 or per cent. The weather is clear
and close.
Cecil and Ward bought Lake Shore and
New York Central. The other buyers Of
New York Central were Bird and Hughes.
Noble bought the most Jersey, and Hertz sold.
q. @. ROMANCE is offering Canada Pacific at
63S, seller 30. Barrow and Young bought the
most Denver sold by Cecil e. Co., and Laden
burg, Thalman & Co. Cammack is very
bullish on Denver, and says the company re-
Gently bought a road which will increase the
net income $4,000 per week. A Chicago
grain authority telegraphs that Michigan
will have an average wheat crop. Indiana
will be % per cent short. The prospects are
good in Missouri, Iowa, Kansas, Nebraska,
and Texas.
Johnes is buying New York Central and
81. Paul. Mr.. Morgans people are buyers of
st. Paul
There is rumor current in the board that
Mr.. Cornelius Vanderbilt will this afternoon
be elected president or acting president Of
the New York Central railway during the alb
sence Of William II. Vanderbilt abroad.
Stocks are loaning 3 to Al New York Cen
tral fiat; money is offered by the banks
ct Al.
1t is stated in the board that most of the
New York Central sold is for short account.
During the morning Hunting bought three
thousand Jersey Central, and Whitehouse has
been large buyer. Davis and Tileston sold.
Hudson bought Union Pacific, and S. v.
White sold. United States bonds are strong,
and sterling is quiet. ,.....
Cotton is bulled by prominent parties who
control the market, and thero are rumors Of
a corner.
Sterling exchange is fairly steady and
quiet.
An Albany telegram says: 1.-THE legislature
will probably pass an act this afternoon legal
izing the fifteen million Western Union in
creased issue of stock" which will settle the
old litigation.
It Is announced on authority that the
agreement between the East Tennessee and
the Gould party, as agreed upon before
Gould's departure, will be carried out. The
Gould party bought of tho Siney syndicate
$4,000 shares of common and 1000 preferred
two millions first mortgage bonds, at about
90, and four millionsIof the incomes, at 40.
Connection will be made with tho south
western system either by way of New Or
leans or by the Louisville and Nashville from
Calera,
REVIEW.
The market opened stronger. Jersey Cen
tral was the leader, and by noon had risen
to 7Sh. Tho largest buyers were Hunting,
Noble, and Whitehouse & Co. New York
Central was very active, and large amount
of short stock was put out Herrick offered
a considerable amount per cent below the
market, seller go. Denver was active, but
only improved fractionally. Barrow, Young
& Co. bought and the Germans, led by Asiel
& Co. aud Ladenbergh a. Thalman, were the
sellers. Union Pacific was stronger and ad-
vanced !. Canada Pacific reacted during the
morning under hammering, and seller 80 and
options.
The Richmond and Danville stocks were
very buoyant and rose 2 to 3 per cent. Stocks
loaned at to 4. New York Central lent fiat.
Money is offered by the banks at Al. United
States bonds were strong.
Sterling quiet. On thesecond call the Van
derbilts were active but fractionally below
opening prices. Johnes bid for considerable
new Ork central ana 81. Iaui, new Jersey
Central was the strong feature this afternoon.
Lackawanna was also strong and unaffected
by the unfavorable reports nom the coal
trade. Money declined to this afternoon.
At 2;30 New York Central was weak and de-
clined to 1881, the lowest price since 1880,
and Louisville and Nashville fell to 524, on
reports from the southwest of q further re-
duction in freights by the Cincinnati South
ern opposition otherwise the market closes
steady.
LONDON, May 4, 12:30.-United States
bonds unchanged, st. Paul higher, Illinois
!, Pennsylvania Central higher, New York
Central lower, Ontario and Western lower.
STOCKS.
Tho following are the opening, highest,
lowest, ana closing prices of the principal
stocks for the day, as corrected by special wire
reports received by Bateman q Co., bankers,
No. l411 Il street northwest;