National Republican., 1883-06-30
THE MARKETS.
A Slight Advance in Prices in tho New York
Exchange.
An Advance IN Erie Prcdlctcd-Tho Pro-
vision Trade.
GOSSIP OF THE DAY.
SpcciaL Dlspaioh.

SDtcim DisDdfch
New YORK, June 29.--About all the lead
ing conservative traders agreed that tho
general market looked toward higher pri ses
for this morning. 1t is said Vanderbilts
brokers bought Reading yesterday. Osborn
bought Denver aud 81. Paul Smiths brokers
bought freely of New York Central and Lack
Swanna, and Morgan took all the cheap Jer-
sey and 81. Paul that was offered In fact,
all the bull cliquos, aud Gould also, were
quiet buyers of the market, and the short in
tcrcst was sensbly increased A very promi-
nent bear operator quietly remarked yester-
day, just before the close that ho was tired
of selling short, because he was always
twisted in trying to get pro 1t ON them in
his market.
The temper Of the market has boon tried
to5ts utmost and tho bears arc forced TO ad-
nit it wont break. The best class of traders
strongly incline to the opinion that hard
oning market is near, aud that an advance
will set in after the fourth. Sage is selling
specials ON New York Central for six months.
10 per cont. apart, and on Jersey 20 apart, for
the remainder of the year for 1 per cent. and
at the latter ratio he is selling on all active
stocks.
near future. ID. o. Mills Is said TO own 15O.
600 shares of Erie, and when things are o.
*. he Will gather more and try TO uaugurate
boom. The tonnage of the east bound
ffeights from Chicago arc largely ahoad of
last week, owing 10 tho heavy movement of
lard and pork The talk was for 60 to-day
for Reading. Gowon says the Pennsylvania
railway fight against the Reading company
and Long Branch business amounts to moth
ing.
In New York the weather was. cloudy and
sultry. nt
New York houses were buying Reading,
and Philadelphia people were selling; Hend.
rickson was the largest buyer. Prince,
Whteley, and Hughes bought most of the
New York Central Burnham and Van En-
bergh were the main sellers; trading was in
chned to dulness.
Brokers report good borrowing demand
for stocks. Connor says New York Central
will 60 TO l25 Within thirty days. The gov
ernmeut bond business is mostly done by the
banks exchanging rs for 3's.
Chicage dispatches report weak market
and July wheat is down to 9sl. The Erie
new line is getting all the lard freight this
week. Sterling is steady. The reaction in
Western Union is owing TO the delayed de-
cision.
Sage is selling specials on Western Union
Mt 81 TO 80 all the year for Sic per 100 shares
and puts. on Lake Shore at l0i, and New
York Central at los for per cent. aI.
The stock exchange has decided TO close on
tho fourth and reopen at IL a. III. on the
fifth.
REVIEW.
Tho market opened II upon West Point
terminal, and on Denver, and these were
the most striking changes. Reading was
fretful and dull, with no settled ideas ap-
parently. In Reading the Philadelphia peo.
pie sold, while tho New York traders bought
Stocks loaned at 2; New York Central and
Jersey flat; money ut %. Sterling is quiet
and unchanged. l.s -.tt
The government bond business is confined
TO exchange of 4's into 3s by the banks. In
Chicago this morning pork fell 81 cents. lard
10 cents, wheat IL to 2 cents Up to noon
there was no further uniavorable financial
news from Chicago.
The trading was very dull on the second
call, but prices were above the openings
Telegraph was somewhat heavy on the an
nouncement that the court of appeals decision
would be held until tho October term. ,9e
= Reading ADVANCED in the afternoon TO 50.
and Jersey Central rose to the best figures Of
the day.
The l4aclSawauna has declared n per cent
dividead, payable July 90.
Michigan Central sold eX-dividends this
morning at 93l, and Canada Southern mt 6iR.
At 2:45 stocks were very firm and limited
trading, but few stocks offering and the under
tone is very strong.
The market closed firm on eight offerings.
LONDON, l2;30.-Unitod States bonds nm
changed, Erie, higher; New York Central, /;
Illinois J; Pennsylvania Central, Z: Reading
3; all higher.
STOCKS.
aThe' following arc tho opening, highest.
lowest, and closing prices Of the principal
stocks for the day, MS corrected by special wire
reports received by Bateman q Co.. bankers.
gtr M