National Republican., 1883-04-18
THE MARKETS.
Depressed Prices and Feverish Feeling at the
Opening Of the Stock Board.
Later Prices Improved and Trading Was
Brisk-RaiIway and Crop News.
GENERAL GOSSIP.
SpecfdL Dispdtch.

Special Dfspdtch.
NEW YORK, April l7.-The bears were in
high glee last evening over the decline, but
the bulls believed that the lowest prices
would probably be made this forenoon, after
which rally would come. Cammack de-
clared that the market had not begun to go
down, and that Union Pacific would sell
down to 75. Charley Johnes thought that
there were indications of panic. The main
sentiment was favorable to lower prices
to-day, and stories we're circulated that the
Vanderbilts had paid offabout twelve millions
of loans within "a few days. One of their
brokers said that this was q rehash of
an old story. Brokers report that the short
interest is now greater than since February.
The Union Pacific Railway company has
placed its FIVE millions loan in Amsterdam.
A Washington special this morning says that
no suit is as yet begun against tho Union Pa
ciho road, as requested by the secretary of the
interior TO determine the question of net
earnings.
The Northwestern railway earnings for the
second week in April increased about $4,000.
The Omaha road, owing to the heavy SHOWS,
shows a small decrease.
The market opened irregular. Probst &
Co. were large sellers Of Lake Shore Post
q Wales, II. l. Nicholas, w. ID. Wheeler, and
wormser all bought Lake Shore. Kansas
Texas was sold by Prince & Whitley, and
Morris. Michigan Central was sold by Briggs
and Hay, while Herrick bought. Louis Bell
bought most Of tho Lackawannai Cammann
and Newcombe sold It. In North
ern Pacific preferred Hudson was the
main buyer. In Reading Dickinson
and Zerega sold and Clems bought In Union
Pacific Hotchkiss was buying largely with
Sweet & Co. and Vermilye selling. In North
western Clark and Dodge and Lawrence &
Smith sold. Lavenburgh bid for Northwest
ern preferred.
Stocks wero loaning at 8; New York Cen.
tral at 2 to 81; Michigan Central at 4. Money
offered at 8.
The brokers report that the room traders
are covering shorts lively. A recovery in
prices is generally anticipated by some of the
large commission houses before this p. m, and
the bulls declare that the market is now de-
cided purchase.
Woerishoffers party raided Central Pacific
down. Jersey Central lent fat; New York
Central at 1 to 2; Michigan Central at 4. Ster-
ling is Fat, with but few buyers and large of
ferings. Government bonds are quiet and
steady. Cotton declined points.
In Chicago corn is of and wheat cents
The Boston Transcript reports an improve
ment in the general trade, and large factories
are resuming work.
1t is stated on very fair authority that the
Northwest railway meeting to-day will agree
TO issue about 100000 900 Of Northwest COM
mon to provide for the retirement Of tho Sc
curities of the Chicago, Milwaukee and North
western, the Chicago and Omaha, and the
Elgin and State line roads which will all be
consolidated. 1t is expected that this amount
of stock will be distributed to stockholders at
par.
1t is reported in stock circles that Osborn
& Co. covered all their shorts this morning,
but the Woerishoffor-Cammack faction we're
not notified Of this intention, and are out in
the cold still short.
A. II. Coombes has been large buyer of
Lackawanna.
A director of the Hannibal and st. Joe here
says to-morrow's meeting is to arrange for
rapid extension to Chicago They will never
sell to the Chicago, Burlington and Quincy.
Gould and Sage go west on Friday evening.
REVIEW. ,.
The opening was mixed and excited.
Woerishofer's party were heavy sellers of
Central Pacific, and during the first two
hours the market was depressed and feverish.
About noon the room traders covered their
shorts, and 1t was said that Osborn had pri-
vately bought in all his shorts without noti-
flying the Cammack- Woerishoffer-Scot fol-
lowing. Tho Vanderbilt-Smith party were
liberal buyers all the morning. The transact
blOns up W uoOn uBBrcBdpeu SoCbOOO onures
On the second call business was lighter,
and portion of the mornings Improvement
was lost, but the market remained steady.
Money was quoted at 9, but later ut 81. At
1:30 stocks livened up and the market be-
come stronger. Lackawanna rose to 100,
with Coombs (Smith's broker) the buyer.
Lackawanna showed tho way for the rest of
the markets advance. IN the early dealings
to-day +. NJ. johnson bought 5000 North
western common, and Truman & Coolidge and
Goicuria were the two sellers. Early in the
last hour the market became fractionally
lower, but q fair portion Of the gain of the
earlier part Of the day was retained. At the
close the market was firm one, and gave
evidence Of considerable strength.
LONDON, 12:30-Bonds unchanged. st. Paul
declined 2b; New York Central, / Ontario
and Western, /; Illinois, :, and Erie, I.
Reading according to private advices) de-
clined q.
STOCKS,
The following arc the opening, highest,
lowest, and closing prices of the principal
stocks for the day, as corrected by special wire
reports received by Bateman q Co., bankers,
No. 1411 + street northwest: