National Republican., 1883-05-09
THE MARKETS.
An Improved Feeling and Freer Trading in
Wall Street Yesterday.
Favorable Reports from All Qusrters--A
slight Reaction.
POINTERS.
Special DLDdioh.


New YORK, May 6.-Tho boys were all
bulls at the close yesterday, and the feeling
uptown was likewise more confident than be-
fore in fortnight The shorts covered ex-
tensively in Jersey, Lake Shore, st. Paul,
and Lackawanna, and there was also solid
buying by Smith, Morgan, and ID. o. Mills.
The bull traders say the market is bare of
good stocks, and that the short interest con-
tinues large. The bond dealers say the trad
ing in good bonds has extending to Erie sec
onds and the old party in these securities are
in for another campaign and say they will go
to 105 exclusive Of interest ON the present
deal. The Erie earnings. are larger than ex-
pected. Cammack covered all his shorts yes
terday and declared he had noN remaining in
terest except 5000 shares of Denver, which
he proposed to hold until his return. Woe
rishoeffer continues to believe tho market is
liable to break badly within thirty days; but
says he is not at present in the mar
ket. London, he says, sold Denver
yesterday, but tho stock is all right. II is
reported in Northwestern circles that Mr..
Vanderbilt went away long of $17000,000 of
Northwestern preferred, having increased his
holdings during the past year about $3,0OO,0O0,
and he is also u large holder Of the common.
are substituting Lake Shore stock in loans
for New York Central stock, The best judges
Of the railway situation say there is no prob
ability of war between the trunk lines. 1t
is claimed that there Is no prospect Of n sharp
fight for control of Jersey Central and IL Is
not certain that tho Reading road will get it.
The stock is likely to go very high on this
account. Cammack's personal friends say he
tells them TO sell nothing short, and II he
was going to remain he would buy for the
long account Mr.. Pullman Is offering puts
to his friends on Pullman stock at 125, sixty
days, for per cent.
Gov. Cleveland has not signed the savings
banks bill. He will not return to Albany
from Buffalo until tomorrow.
The Goud-Sage party were at Holden, Mo-,
at o'clock last evening, on route for St.
Louis.
Stocks are lending at 8 to 4; money is
offered at 4 sterling advanced to Asa and 81.
In New York Central the buyers were Law
son, Douglass, Enos aud Debillier; tho sellers
were Hotchkiss, Burriham, Heath, and Ben
jamin. In Lake Shore the buyers were Cecil
Ward q Co., Fanshaw, aud John Wallace; Ed.
Schmidt sold. In Jersey Central the buyers
were Kemys, Lockwood, Scranton a. Willard,
Prince g. Whitley, and Davis & Tileston.
There are large dealings in Erie second The
buyers are Walbridge, Mark & Co. Tho
largest seller is Won Holman; Heath sold.
Erie. Lindblow, Ia Chicago authority on
grain,) telegraphs that twenty-five counties In
Michigan report damage TO the winter wheat
from 20 TO 80 per cent, Mccormick, Adams
Il Co. report that the unsettled feeling in grain
is giving way to moro confidence. 4. NJ.
Kidder & Co. bought about 1000 shares Jer-
sey Central this a. IN. The East Tennessee
Qirginia, and Georgia, April earnings in
creased $45,132.
Mr.. Willard, of the Northern Pacific, tcle-
graphed to-day that the gap between the ends
Oft ba xril ha r1n In M,.
Vanderbilt is the largest individual owner Of
Jersey Central according to the books of the
company.
A Philadelphia dispatch reports Reading
very firm, because of the prospective joining
Of the Jersey Central lease by the Garrett
party. Very few of the Pennsylvania rail-
way allotment privileges have been sold.
Authorities on winter wheat predict 140
per bushel for it in this market this year.
A private London cable TO William Heath
q Co. reports the Russian wheat crop very
badly damaged and possibly total failure.
Hudson bought 5000 shares sof Western
Union, and the brokers say 1t looks as though
Mr.. Gould was buying the market this morn
ing.
Private advices received at the st. Paul
offices from officers of the road estimate that
the May earnings will exceed $2,200.000, and
President Mitchell writes that he estimates
them at $2,250,000.
REVIEW OF THE DAY WORK.
The market opened with considerable
strength, the most strength being in Jersey
Central, of which d. p. Morgan was large
buyer. The early trading In New York Gem
tral was large, but without much change in
prices. Western Union was also stronger and
higher, and Mr., Smiths brokers bought 5000
shares. Private kilograms were received from
DIR. Green, In London, reporting that this
stock was all but listed ON the London board,
EnUliSh
Oregon Transcontinental was specially stiff,
and rose on favorable kilograms from Presi-
dent Willard, In the West.
The Gould stocks were all sitter to-day,
which led to the belief that Gould was buy
ing all day.
In the afternoon the market was dull, and
on the second call prices reacted fractionally.
Money loaned at a and stocks at to a.
New York Central lent fiat to 1-64 sterling
was stronger and advanced 4. Government
bonds were steady at the decline which
brought out some orders.
The necessary papers for lease of the Jer-
sey Central to the Reading road are drawn
up, and will be unsealed when the Jersey
Central comes out of the receivers hands.
After 2 o'clock stocks were very dull, but
firmly held. Union Pacific was lower, how
ever, on reports of trouble in the California
pool. The market closed dull, about off
from the best prices Of the day and without
special feature.
. LONDON, l2;30.-Bonds unchanged; Erie
/, End rose 2; Reading / Erie, and Pennsyl-
vania Central,s; Ontario and Western de-
clined J; st. Paul. \, and Illinois declined D.
STOCKS.
The following are tho opening, highest
lowest, and closing prices of tho principal
stocks for the day, as corrected bysspecialwire
reports received by Bateman & Co., bankers,
No. 141l + street northwest: