National Republican., 1883-01-11
THE MARKETS.
One Of the DulleSt Days Known for a Long
Time in Wall Street.
The Big Operators Have Apparently LETT
the Market 20 Run Itself.
Special Dispalch.

Special Dtspd'ch.
REVIEW OF THE DAY UP TO 3I5 p. NJ
NEW YoRK, JAN 1O.-Stocl,s are quiet and
easier, with quotations to 1 per cent. lower
than last evening. Rock Island, Omaha pre-
ferred, Denver, New York Central, and Lake
Shore were sold by the bears. The foreign
bankers said London was again selling Dem
yer largely to-day, but the bears declared the
sales were on orders from New York by the
pool who had them ordered by a London firm.
A prominent foreign house said that notwith-
standing the alleged sales of American securi-
ties by London that no stocks were coming
over at present At noon the market rallied
but in the afternoon, at the second call.
stocks were somewhat heavy and lower.
Again dull days work in the board. Rich
mond and Danvillo sold down to 5Ol for five
days against 55 yesterday.
Money on call at last loans at ~.
Stocks loaned at to 6, with plenty of offer
ings, except Union Pacific, st. Paul and Dem
ver in which there is considerable short In
terest.
1t was reported that money in Chicago was
at 10 per cent, owing to the corner in corn.
Sterling exchange was stronger and rose
per cent. Government bonds were strong
IN inc lHSJ nOuT inc InlIhcJ WIS bOCNuy anu
slightly above the lowest prices of the day.
The market closed dull and fairly firm, with
promise Of somo further advance tomorrow.
This has been one of the dullest days we
have had for q long time in Wall street; the
big operators have let the market take care of
itself The dullncss shows about the interest
the general public has in this market.
The great increase in railway earnings and
exports certainly are strong points in favor
of higher prices, but the public should not
lose sight of the great amount of new securi-
ties that have been issued during the last
year. 1t is estimated that the "new chro-
mos" issued by lines running east from Chi
cago will require over SG,0OO,O0O for interest
charges alone.
Tho problem as to whether we are not is
suing our securities too fast will be decided
in the next fow months. Tho balance of
trade in our favor WILL it is estimated, reach
S100,000,000 in the next three months. If
this comes to us in the shape of gold, instead
of our securities, it will ease matters greatly.
POINTERS.
seligman & Co. say London has again been
large seller of Denver to-day.
Cotton nominally steady.
The reported protest of paper in the Erlan-
ger syndicate yesterday was owing to the
banks mistake about the note.
New York Central earnings increased in
December half million.
Washington advices state that it may be an
nounced as almost positive that at the next
meeting of the Judiciary committee, if full
one, the resolution forfeiting Northern Pacific
land grants will be rejected
The United States supreme court, in its
consideration of the Virginia coupon case, will
confne itself to the strictly technical ques-
tions involved. s,.,fss
The Mexican commercial treaty has been rat
ifiedby the Mexican government. Itproyfes
for the free importation of raw materials from
Mexico and free expectation of American
manufactures to Mexico
1t is rumored that the Memphis and Charles
ton road propose to issue 100000 in bonds
and S5O0,OO0 stock additional ON basis of can
collation. of existing lease with East Tennes-
see, Virginia and Georgia railway.
A circular letter from Il. w. Vanderbilt,
acting treasurer of the Lake Shore road, in
closing q form of order to collect the Feb
ruary dividend, gives the net earnings of the
year at 81, 10000, an increase of $3O3,6 in
III gross, IN llCTGdSe III uCJ Ol S4Od,OOo'
The City Bank of Jersey City has suspended.
The capital is $4,000 and average deposits
$4,000.
The bears in the morning were selling the
market down on matched orders.
Stocks Offering plentifully, except Union
Pacific, st. Paul, and Denver, in which there
was more short interest made yesterday.
New York Central and Lake Shore have
been sold on report that the West Shore road
has obtained control of the Hoosac Tunnel
road.
Lackawanna was sold on rumored extension
to Chicago or Detroit via the proposed Gilt
Edge road Gould's people deny any interest
in this scheme.
Money is up to 10 per cent, in Chicago
OWN G to the corner in corn.
Later reports say that seventy-five people
were burned in the Milwaukee hotel fire
early this morning.
The Vanderbilt Gould Sage Mills-smith-
osborne-Cammacll people continue bullish.
Even Cammack says the market is on the bot
tom and hardening market will follow
telegram from Scranton, Pa, says the
Lackawanna Coal and Iron company will
start again in week.
halfway Dohd dealers report good demand
for railway mortgages and advanced rates.
Phere was a rumor at the hotels last evening
that the paper of n southern railway financial
manager had been protested and some stocks
sold for his account but the story could not
be substantiated. The party referred to is a
banker for southern syndicate and supposed
to be worth several millions.
STOCKS OF GRAIN IN CHICAGO.
Wheat, 5,3s0,641; corn, 3,0590ls; oats,
1914, ,lO6j rye, 43s093 barley 25s,O32.
STOCKS,
The following are 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 Corcoran building;