National Republican., 1883-02-27
THE MARKETS.
A Hesitating and Uncertain State Of Things in
the Stock Exchange.
Trading Fairly strong At the Close with
Free Buying by the shorts.
REVIEW OF THE DAY.
Special Dispatch.

NEW YoRK, Feb. 26.-The market opened
uncertain and hesitating, prices generally be-
ing below the closing figures Of Saturday.
There was rather more of selling pressure
on Wabashes upon report that trains were
blockaded by floods. Cammack's brokers
were sellers, and so were Kceno's, and the
latter was free seller of the whole market
Missouri Pacific was also weak and declined
/ point, and all southwestern stocks were
dropping on reports from the west that rates
eastward were being cut, and that passcn-
ger war was imminent. High water in the
southwest and apprehended further flood
damages hurt the market somewhat
AT noon there was rally, but nothing to
indicate anything excepting o brokers' mar
ket and light foreign buying. Western Union
was sold at s0Y by Robert Winthrop & Co.,
who were said to be Gould's new brokers.
At the second call the market continued
generally dull, the Grangers and Delaware
and Lackawana being frmest, the South
western and Western Union the weakest, and
Vanderbilt shares the dullcst. Stocks loaned
at to 3. Wabash preferred, Missouri Pa
ciic, Union Pacific, and Omaha preferred were
in better demand. Sterling was quite weak.
Government bonds quiet and steady. Money
at 81, and afterwards at 4.
At 2:30 the general speculation stiflened
considerably, partly on Washington advices
reporting important progress with the tariff
bill. with fair probability of the matter be.
ing settled before adjournment. At p. m.
the market closed fairly strong on free buying
by the shorts.
FACTS AND FANCIEs.
On the opening the largest crowd was in
Wabash stocks Grimes sold the most proba-
bly, for Keene, and Kcene was general seller.
Van Emburgh sold Wabash preferred. L.
Chase and T. w. Thorne sold Lake Shore, and
Kirker offered stock. Youngs and Trule
bought Delaware and Lackawanna, and this
stock was strongest on the list.
w. II. Henriques bought 1900 shares Of st.
Paul, and Keene was the largest seller. Stocks
lent at 2 to 3; renewals of Missouri Pacific
and Western Union, 2.
Private cablegrams attribute the weakness
In Liverpool cotton market TO an ovcrstock
of goods at Manchester.
Sterling exchange was weak bills sold at
4S2 and there were offerings at that.
Barrett has granted the attorney generals
application for leave TO sue the Mutual Union
for revocation of its charter. He holds the
facts presented justify suit, and public inter-
ests demand It. ,..
Won Holman g. Co, Seligman, and Warmser
say there is y good feeling abroad, and some
buying of American stocks.
In the board Winthrop & Co. have just sold
5000 shares of Western Union. Johns was
also seller. Rutter g. Gross continue to be
free sellers of Delaware and LaCkawanna.
Governments are quiet and steady Ex-
change dull, with light trading.
The tonnage of trunk lines returned from
Chicago on east bound was very large, aggre-
eating 52s60 tons, against 30,69l last year,
A Chicago dispatch says there is no trace of
unfavorablo railway legislation in the west.
A Washington special says that some sort
of tariatbip4issuro TO p ass, There will be
no extra session. but the Pre- sident may call
an executive session for March 8 to last one
week.
MORNING GOSSIP.
The feeling among stock operators was not
very bullish, but cOnse rvative bulls thought
the market on Saturday withstOod the raids
of the bears and room traders pretty we'll
considering the unfavorable reports. The bulls
thought they had heard about the last of bad
news from the west, and believed another
advance of 8 to 10 per cent would follow the
adjournment of congress. The Vanderbilt
people say, the earnings Of the New York
Central railway FOR the past four months are
the largest eyer known, and the receipts from
Oct | to Feb. increased $4,000, 600.
Lake Shore earnings are cOrrespOndingly
heavy and Michigan Central will declare a
per cent dividend for this quarter sure. The
announced failure Of the elevated railway
conference committee to agree Saturday night
created no surprise. Mr.. Eield worked hard
to harmonze the interests but was unsuccess-
full
Gould's friends say that while he continues
to believe in higher values he has been doing
nothing in the market for the past four days.
.ls,.sra 10 AnNN la.
the west rise of 10 to IL per cent. will fol-
low. He was in Philadelphia on Saturday.
The bears claim the real trouble is that the
big sh orts were all twisted out on Fridays
rise and outsiders are not buying, consequently
they predict another drop.
Calnmack was credited with raiding Wa
bashs, which first weakened the list Saturday
and after that the bears sold the whole mar
ket down.
Room traders are divided up and not as san
guine generally on the market.
Johns sold about $1,000 shares of general
stocks before closing Saturday, and talked
very bearish on Sunday.
Judge Hutchings predicts a general decline,
and is furious bear.
A press dispatch yesterday reports heavy
snow and sleet in the west and northwest; /;
railways are generally blockaded and travel
stopped by the blizzard, which extended
widely. All trains ON the Iowa and Dakota
division of the ST. Paul railway were stopped
by snow drifts. Heavy live stock losses were
reported from Atchson, Kans, and the Bur
lington and Missouri river bridge was carried
away last night.
The Wabash Pacific road, IL is stated by
parties inside has not run through train in
o week, or had not up to Saturday night.
The new Lackawanna railway was opened
to Buffalo for passenger traffic to-day.
LONDON, 12:3O.-Illinois declined 1 4; New
York Central declined ! Reading declined ! Il;
Eric declined / Pennsylvania Central de-
Clined. 1, and Ontario and Western declined l.
STOCKS.
The following are the opening, highest
lowest ana closing prices Of the principal
stocks for the day as corrected by special wire
reports received by Bateman & Co., bankers
No l COrcOrau buildiug;