National Republican., 1883-08-24
THE MARKETS.
A Featureless Day Among the Bulls and Bears
Of Wall Street.
A Card from VilIarl-Gossip About DEM
yer and che Coal Lines.
6penfnl pfspnlnn.


NEW York, Aug. 23.-The Long Branch
bull operators were vexed and disap-
pointed last night at yesterdays mar
ket, but they insisted that the good
dividend paying stocks shared but
slightly In the decline, and that the general
short interest was relatively greater. Tho
only unfavorable feature yesterday was the
further depression in railway bonds but the
special weakness in Denver mortgages was
due to exceptional circumstances. Tho brok-
ers said almost the entire attention of the
room traders was directed toward the Willard
stocks, which were started downward by or
ders from Philadelphia, where it was reported
furry in money existed
Phil Minis sold 5000 shares of Oregon
Transcontinental, supposed to be for Woeris'
hoeffer, and Enos, Brandon, Johnes, and
Slayback sold the Northern Pacihcs furiously.
1t was claimed that large share Of the sell
ing was for long account and in liquidation;
but the trading in othar stocks was very
small and unimportant
Russell Sage said the market had been
raided again, and the market for money at
Philadelphia at extraordinary rates was hc-
ticious, because funds here were plentiful at
2 per cent.
Mr.. Gowen, of the Reading road, was
in town yesterday and said that the
coal earnings were greater than ever be-
fore. Tho Jersey Central Railway company
save $4,000 year by exchanging the old z
per cent. income bonds, and tho holders are
satisfied as q better contract has been made
for the securities. Woerishoeffor continues
bearish on Denver, and says the selection Of
n president is not yet decided upon. Mr..
Willard is out in n card, denying rumors of
proposed new issues of Northern Pacific
stock or bonds, but it Is stated that the equip
mont bonds on 1000 miles Of road at the rate
of 81, 500 per mile will be issued
The weather in Now York is clear and
steaming hot.
In Lake Shore the sellers were Greene and
Prentice. Campbell bought New York Cen
tral. The dealings were unimportant. Kep-
pier and Sanction sold most of the Reading.
Burras sold 1000 of North Pacific preferred
George Dickinson and Buzby bought St.
Paul, De Cordova bought 1000 shares and
Drake Brothers sold it. Owens & Mercer
sold 1000 of Western Union. Buyers were
numerous in small lots There was no feature
n Erie, Union Pacific, or North Pacific pre-
ferred. Louisville, New York Central, Jer-
sey Union Pacific, and North Pacific pre-
ferred were lending fiat. Sterling exchange
unchanged.
- Philadelphia kilograms say, tho money
lenders are still calling loans, and the brokers
find trouble in getting money. II probable
that many stocks will be transferred to New
York to-day, thus relieving the Philadelphia
market.
In Chicago the weather is clear; therm ONE
ter, SO; Cleveland, cloudy, SO; Davenport,
clear, 81; Duluth, clear, "a; Escanaba, hazy,
52 Leavenworth, clear, SO; Milwaukee, clear,
55 Bismarck, clear, A.
1t is believed the Willard party have been
selling q good deal of stock here the past
twenty-four hours.
Tim rnarket for ritiaa has haan dull
and the banks have lowered rates for money,
The current rate for money on the street is
6per cent.
A prominent official of the Louisville and
Nashville road states that the amount in
volved in the Tennessee comptroller's decision
10 nowhere near $l,000,000, as stated yoster-
day. He also says the comptroller takes ac-
tion on his own responsibility, and that the
railroads are exempt under their charters. If
necessary the case will 10 tested in the courts
The net earnings of The Northern Pacific
railway for themoDth Of July show decrease
of $27 76s.02.
Manitoba earnings for the second week in
August decreased $50,700.
Associated press cables report alarm in Eu-
rope over the utterances of Bismarck organ
warning France.
The market opened weak and unsettled,
the first hours decline ranging from 2 for
Oregon and Transcontinental to 1 for North
ern Pacific common. Other declines did not
exceed l. St. Paul, Erie, Denver, Texas, and
the Gould shares generally were we'll sus-
tanned, while Denver advanced IL. The
mornings selling looked like liquidation; in
fact, it was stated that the Willard people
sold quite heavily. On the rally, about II
o'clock, Canada Pacific advanced II, but this
improvement was not sustained, and the mar
ket continued feverish and at noon prices
were nearly at opening figures Green and
Prentice sold Lake Shore and Campbell
bought.
Between 12 and o'clock the market was
very dull, and continued SO until the second
call. Osborn and Vanderbilt people bought
st. Paul and Lake Shore. The Vanderblts
were stiff. At 2 O'clock the Northern Pacific
had nearly recovered the mornings decline,
and the rest of the list was nc the opening
quotations. Denver was especially strong,
selling at 254 Between 2 and $50 o'clock
stocks reacted, but rallied and closed firm at
the best prices of the day.
LONDON, 1880 p. m.-Erie, lower; New
York Central. lower; Reading, l lower; On
tario and Western, lower; st. Paul, / lower.
sToCKs
The 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 & Co., bankers,
No. 1411 + street northwest;