National Republican., 1883-06-28
THE MARKETS.
Avery Tame and Generally Uninteresdng Day
IN the Great Marts.
a Lot OF New Securities LIstcd in New
York--The Prices OF Produce.
GOSSIP OF THE DAY,
,gDeciai DlsDdfch.


NEW YoRK, June 27.-The Mills people say
that they continue bullish on the general
market, but they do not expect il TO show any
great stayngqualities until after the fourth Of
July. The room traders are running the
market, aud their operations arc greater than
the rest of operators, but they will not con-
troll the market long.
Mr.. Goud's friends say that he bought
stocks yesterday and Monday quietly, and the
brokers report that Morgan bought heavily
yesterday Of Jersy Central and Reading. Mr..
Smith bought Lackawanna. The buying Of
coal stocks is reported as excellent.
The selling of New York Central was
about the only drag on the market, and
bets were offered last night that th is stock
goes 10 points down before five points up.
Woorishoeffer sold 1000 of New York Central
yesterday on Seller co. one point below the
market but there was suspicion that he
bought cash stock against 1t. The Mills peo-
pie say New York Central stock is about tho
only unfavorable feature in tho market.
Friends of Louisville and Nashville say il is
earning as much money on tho same chpital
MS the Illinois Central. It was generally adj
mitted at tho Windsor hotel last night that
the general outlook had improved, and the
stocks twisted out of the weak holders were
now In strong hands
The brokers report that tho grain men are
dabbling in stocks and the decline in wheat
will have an improving effect on stocks. Gould
told n prominent member of the stock board
that he believed that the whole market was q
good purchaser. Gould had just interviewed
Sam SloanRand he said Lackawanpa would
enter the trunk line pool when the trining
question of percentage was settled The
weather is heavy; rain since midnight and
still raining; warm.
Enos sold most of, the New York Central,
and FanshYw and Bell also sold the same.
Green, Maufiac, and Herrick bought it. Til
eston was the principal buyer of Lake Shore
l.. l.. White offered Reading in 900 share
lots at 57s, seller 10, Il. Rogers has been the
largest buyer of Lake Shore this afternoon,
and there arc not many stocks of any sort
pressing for sale. Tho banks are buyers of as
at LEO, and 3's sold at 104. Sterling is held
pretty firm and there is not much disposition
to draw except at full rates. 1t is reported
that Manitoba declares a per cent. dividend
Aug. To-
The Mississippi state bondholdors' commit
tee in London to-day authorized such terms
for settlement as may be expedicnt.
A dispatch from n leading grain house at
Chicago says that Nicholas & Co.. instead of
paying their differences in full, have called
another meeting of creditors. This causes
considerable discussion aud an unsettled feel
ing. Rain is prevailing in Ohio, but the
weather is generally fair at other points.
estimate the damage by the floods. About
10000 acres are submerged, but the river has
stopped rising now.
REVIEW.
The market opened to botter, the latter
for st. Paul and Northwest, aad after some
hesitation began advancing under the lead of
Wabash preferred, which rose per cent. In
the early dealings New York Central was
sold by Bell and Fanshaw and bought by
scattering buyers. The loanng rate of stocks
was for the general list, Jersey to 3-16 for
the USE New York Central fiat; money q ;
government bonds firm; sterling held pretty
firm with limited transaction.
At 1890 speculation, was very quiet and
there were not many stocks Offering
Segilman & Co. says their foreign adyioes
indicate "a smart buyi ng movement as soon as
our market become little harder
At the second call stocks were heavy, dull
and inclined to droop on unfavorable news
from Chicago regarding settlements Of differ
ences on the late failures.
Denver was weakest feature, and dropped
from 43s to All.
Lackawanna was attacked by the bears, but
didn't yield much Notwithstanding the re-
port that the company had sold 1000 Bufialo
tickets to scalpers at reduced rates. S. V.
White and Hudson & Co. sold Denver. Kirk
ner sold Western Union. At 2:30 there was
n fractional rally in Denver of !, but other
wise the market continued dull and feature
less 1t has begun to be rumored in the street
that Central Pacific will pass its next divi-
dend on August. Should this be the case it
ought not to surprise any one who would
take the trouble to look ut its earnings dur
ing the past two years. BY their own reports
their earnings in 1889 were nearly half a
million short of what was required TO pay
per cent. on their stock. During the first
four months of 1858 their earnings have
fallen nearly one million behind 1882 making
an apparent deficit Of nearly one and half
million dollars in their dividend account for
1888. The rumor that they will pass their
dividend seems to bc based on good founda-
tion. The opening in August of another
through Pacific line will not help Central
Pacific.
The Northern Pacific company's earnings
for the last year have been $7000000 gross
and their liabilities are nearly 9l30,0 ,00O
When the running expenses and the fixed
charges are paid it is very difficult to see
where the proposed dividend on the pre-
ierred stock Is to come from. The earnings
arc now decreasing largely, showing that
much has been charged to construction ac-
count, which is now falling oil.
The market closed soft on unfavorable
western reports andslight trading.
LONDON, 1230.-United States bonds un-
changed. Erie, higher; Reading,4 higher
Ontario and Western, 3,
-8o STOCKS.
The following are the opening, highest,
lowest, and closing prices Of tho principal
stocks for the day, as Corrected by special wire
reports received by Batoman 4 Co., bankers,
No. lIll i street northwest;