National Republican., 1883-03-30
THE MARKETS.
A Slight Advance in the Prices Of Stocks Fol-
lowed by Dull Trading.
The Gossip OF the Day-The Chicago Whent
DeaI-Corn and Provisions.
GOSSIP OF THE STREET.
Cy,af1f JIguYtfJ

GOSSIP OF The blhhhAs
Sytcidl Dispatch.
New YORK, Mar. 20-Tho gossip on the !
stocks indicated a higher market to-day, but !
there was no special news of importance.
Brokers say that the main features yestor- !
day was liberal buyings by Gould, and very !
extensive covering by the bears. The 10000
shares of Laclsawanna bought in by Peters
and Pel was said to have been for Pierre |
Lorillard, who was short.
Gould, Sage Smith, and Connor are bulish
on the situation. Bulls say the fears of far
ther stringency in money are largely dis
PEELED. The money twisters let out about two
millions dollars on Tuesday, and the indica-
tions are that they have abandoned the move
ment.
Keen was talking very bullish last evening
and the room traders believe in higher prices.
Strong points wcro circulated to buy Cen
trail Pacific and Southwestern stocks, and
there was some increase in orders by private
wires yesterday to buy the general market.
After the payment of the April dividend on
the Missouri Pacific, it is said the dividend
rate will be raised to instead of Z.
Judge Hutchings said last evening that he
had justIluished his deal in Central Pacific,
and he bought yesterda~ 10000 shares of
shorts.
1t is reported that G. p. Huntington has
Just finished signing 10000 shares of Central
Pacific stocks, which had been bought and
cut up into 10 share certificates for Amster-
dam. This stock was bought hero from SO
down to so.
President Stanford, Of the Central Pacific
road is confined to his bed with rheumatism.
Stocks are lending at 5, 9, and 8, but gem
orally at G. Sterling unchanged.
Ed. Schmidt bought 1000 shares Lack
awanna. Stow, Maurice, and Kirkner sold
Lackawanna.
Woerishofiers brokers bought Central Pa
ciic.
Gregory & Ballou sold the most Lake Shore
and Cecil bought.
Osborns brokers bought most of st. Paul.
There was good buying of Union Pacific,
but it was scattering. The principal selling
comes from the bears.
In Western Union there was light trading,
but no effort to move it. Little stock was
offering.
Foreign bankers say that there is about
three millions of gold now en- route from Eu-
rope 1t is pretty well known that the most
Government bonds are firm and strong.
Peters and Pell returned 10000 shares of
Lackawanna, but there is still an increased
demand to borrow the stock.
George Greene bought 5000 shares of Lack
awanna this morning.
Fellows Davis bought 1000 shares of North
ern Pacific. 1t is reported that Cornelius
Vanderbilt bought 10000 tons of steel rails,
deliverable at Detroit, at an advance of so
cents per ton for the Michigan Central and
Canada Southern roads.
Chicago dispatches report the grain market
strong with heavy buying of corn. Wheat
shows more strength
Bad crop reports from the winter wheat Sec
tions are more numerous, and the decision of
the supreme court sustaining decision of the
committee ON the July wheat deal (price,
$l35) makes the shorts timid, This decision
favors the Armours, who manipulated that
celebrated rise
1t is reported from the board that the Vii
lard people are selling Oregon and Transeon-
tnental partly through Work, Strong & Co.
Judge TruaX has allowed Mr.. Gould, as
defendant in the Williams suit, to put in an
answer denying the charges Of conspiracy and
fraud.
THE DAYS BUSINESS.
The market opened higher but soon lost
the advance. The brokers said that Gould
appeared to be working the market and.the
was at first considerable firmness and activity,
but the trading dwindled away on the second
call, and the improvement ofthe morning was
not sustained.
Money stifIened to u again and this made
~ 4
awanna was in strong borrowing demand;
sterling frmer and higher
Few bankers cared to draw bills to-day.
Government bonds are firm and strong. The
Western Union Telegraph company purposes
to call meeting of stockholders to officially
ratify the Mutual Union lease.
At the second call there was more DISPOSE
tion to realize, but the market was pretty
well sustained.
At 2:3O there was fractional rally in the
better class of securities, and the remainder
continued quiet without material changes,
but quotations were slightly below the OPEN
ing. Money was last quoted at 6 per cent
The market closed dull and dropping after
rather active and higher market this morn
ing The advance in exchange rates and u
higher rate for money has caused the reaiza-
tions of to-day. The east-bound freights so far
this week, although very large, are not fully
up to that of last week, which was the largest
for nearly two years.
Money will naturally work easier next
week, when the April disbursements are
made, and should moderate gold shipments
from England commence all will see values
much higher, The public are not buying
stocks for speculation, but tho demand for
investment Is steady and increasing.
LONDON, 12:30.-United States As ! lower
st. Paul. advanced IL; Erie, 5-l6 Other
American railways slightly higher.
STOCKS
Tho following are the opening, highest,
lowest and closing prices of tho principal
stocks for the day, ms corrected by special wire
reports received by Bateman IL Co., bankers,
No 1111 IL strept uOrt hwpgt,