National Republican., 1883-06-22
THE MARKETS.
Reassuring Advices From the West Give
Stocks a Slight Rise.
The Bears Covering shorts-ETect OF the
Heavy Rains ON the Corn Crop.
GOSSIP OF WALL STREET.
Special DisDdtch.


NEW YORK, June 21.--'rhe conservative
brokers and dealers say that the general
market closed fairly steady, and looked much
better, with strong indications of higher
prices to-day. Tho big uptown bulls thought
last evening that the whole market was a
purchase this morning, and the present
largest traders in this city said they bought
largely yesterday.
The Vanderbilt people say the Lake Shore
and Michigan Central directors will meet to-
morrow and declare 2 per cent. on Lake Shore
and 81 on Michigan Central, and the Canada
Southern will make q dividend of 2 per cent.
One of the best judges on the market says it
looked decidedly improved at the closing
yesterday. The Western Union operators re-
port great and constant increase in their
business, and at the main office on Broadway
additional desks have been provided to try
to keep up with the rush in business. Mr..
]. G.. Mills has returned from the country
quite bullish, especially in Erie and North
Pacific stocks, and he expects the manage
ment of the North Pacific will declare 4 per
cent. ON tho preferred to-day. He believes
North Pacific preferred will sell to par by
Aug. /, ex-dividend.
Gould and Sage were free buyers of the
general list on the slumps yesterday, when the
commission houses were throwing overheard
stocks on the bear raid. MIR. Kerr one of
Gould's brokers' bought about all the Wabash
common from 304 down. Samuel Sloan yes
terday gave the trunk line presidents assur-
ances that the Lackawanna would stop cut
ting rates, but he declined to enter the pool
1t is reported that prominent stock houses
borrowed Sl,2O000O yesterday until Nov. to
buy stocks,
In Erie the largo foreign houses are buying
the stocks again, and G.. Il. Dickinson bought
heavily Of the general list. l.. l.. White
bought Western Union and Bird sold it; L.
l.. White sold Union Pacific. Louis Bell is
hammering New York Central, and Offering
5000 to 5000 share lots at 1194 to 1. Defor-
est sold New York Central, aud Thomas
Reed bought largely. Davis & Minis bought
and sold Lake Shore, and Gelpke also bought
the same stock. .r..a \
sGovernmopt bonds are firm, and As wanted
1195, and large lots of 3's at 103s.
Sterling Is steady at 4S44 to l. to 4SS.
New York Central lends at Ct, and Lacka-
wanna fat. st. Paul sold down on rumored
cutting with the Rock Island, and was sold
by s. V. White Slayback, Willard, add Kirk
ner.
osborn's people bought Southern Pacific.
There is disposition to cover shorts in New
York Central. Many 500 share lots were
bought Bird sold Lake Shore. OF the room
traders, Johnnes turned bull, but Kirkner &
Bell are bears. London is buying Erie and
neglecting the others.
Chicago advices are more assuring. Pork
and lard are up 20 cents, and July wheat is
1864 against 107 on the opening. Sterling is
very dull and nominal.
Mccormick Adams & Co., of Chicago, tele-
graph that the continuous rains throughout
the west are preventing the cultivation of
corn, aud there is much complaint of its pres
ent condition.
Stocks are stronger, and the advance is
firmly held all around.
The Boston Transcript says the Union
Pacific earnings increased $4,000 the first
sixteen days in June.
Special DisDatch.
CHICAGO, juno 21.-This mornings Tribune
says the grand trunk line will mako impor-
tant changes and open new line to Detroit.
Tho same paper says that there is serious
trouble over passenger rates between the
Rock Island and the st. Paul road, but the
differences appear to have been only on ex-
cursion tickets and are not important
LONDON, 12:30.-United States bonds un-
changed. Erie looks well and strong, people
buying. Erie 5-16 lower: New York Cen
trail, lower; Wabash preferred, lower;
Reading, lower; Lake Shore, II lower
st. Paul, / lower; Louisville and Nashville,
IL lower; Ontario aud Western, lower
Pennsylvania.Central,3 lower; Illinois Gem
lrdlJ ulSuSrs
Special Dispatch.
REVIEW.
NEW YORK, Juno 2l.--The market opened
irregular, but with advancing disposition.
The bears fought it down and hammered the
market on rumors of u great rate war. For
the first fifteen minutes stocks held firm, the
features being Nanderbilts, Western Union,
tho Coalers, Union Pacific, and Louisville and
Nashville. Later, however, the whole list
4 Ia.AN
larger dealings. Shortly before noon the
market reacted slightly, Now York Central
showing most improvement under covering
by the shorts. BY the noon call the market
was steady in tone at about the best prices of
the day. The general lending rate ON stocks
is 2; Wabash preferred and Jersey Central, L
New York Central 16i; Lackawanna fiat;
money % governments firm; sterling steady.
On the second call the market was steady,
and prices within a fraction of the best of the
day.
The Northern Pacific was exceptionally
strong.
Missouri Pacific was strong, but there was
only small trading.
Chicago afternoon kilograms were more as
suring. Gould Is talking yacht" to-day, and
has little to say about stocks.
At 2:30 p. M. the market was strong at
nearly the best figures of the day, aud to l
higher than at the opening.
The uniavorable feeling on stocks, caused
by the Chicago panic, has worn of. All the
late advices from Chicago were of o reassur-
ing character, and the market closed strong
at the advance, with a very firm feeling all
around.
STOCKS.
Tho following are the opening, highest,
lowest, and closing prices of the principal
stocks for the day, as corrected by special wire
reports received by Bateman 81 Co., bankers,
No. l4ll L street northwest: