National Republican., 1883-06-26
THE MARKETS.
AEResums Of the Gossip AHoat in Wall Street
Yesterday.
Jersey Central Said to he virtually Cor
Hercd-Active Trading at the Close.
special Dispdtch.
MONDAYS REVIEW.

NEW YORK, June 25-The best judges in
the street declare that the temporary dull
ness is no indication of lower stocks, and that
dull market is not good one to sell short.
1t looks as If few large operators wholly
controlled the present current, and their
power is entirely sufficient TO sustain prices
until good buying movement {expected this
week, sets in). But 1t may not como until
after the approaching holiday. Meanwhile
the short interest increases constantly in all
leading stocks, and many are bad deliveries,
or such as Now York Central and Jersey Gen.
trail lend for ct to 81, and even for 1-l6.
A vast amount of new money will bo dis
bursed here next Saturday by the payment Of
government
bank interests and railway dividends. The
large increase in loans shown in Saturdays
bank statement shows the correctness of tho
report last week that tho leading bulls arc
amply providing for sustaining their stocks
II necessary until Nov. l.
The several trunk line managers are stop
ping at the Windsor hotel, and are most con-
fdent that no serious outbreak in the pool is
possible as long as traffic continues so large.
Last weeks eastbound shipments showed an
increase over the previous week OF over 1000
tons, and n larger increase is expected this
week on account of shipping of grain.
= Mr.. Sage is quite bullish on the general
situation, especially on Wabash Pacific and
Missouri Pacific. Rufus Hatch is bullish on
western stocks but not on the eastern The
Boston Transcript says the parlor-car patent
suit of the Pullman company against Wagner
will be settled by the consolidation of both
companies this summer.
Mr.. Vanderbilt is going to Sharon springs,
and his family say he will not return TO Eu-
rope this summer.
the Lake Erie and Western management is
seriously considering withdrawal from the
pool combination governed by Fink, on the
ground that the road can earn moro alone.
The freight agents and general manager have
been considering the matter.
In New York the weather is clear and hot;
thermometer, so.
The market to-day quiet and a shade easier.
Jersey is lending for 1-16; New York Central
for st; Michigan Central 1, and the others for
2. Money is offered at 81. Monte Isaacs sold
New York Central and Won Hoffman bought
the same Deck g. Howell sold Wabash pre-
ferred. There appears TO be sustaining or
ders in Western Union There is rumor in
the board of n washout ON the Denver road,
but nothing is known Of it at the company's
Office here.
The principal buying of Canada Pacific this
morning was by Enos & Co. Freeman q
Henderson also bought freely. Keppler &
Stanton were main sellers of Canada Pacific
Johnes & Dickinson bought up Jersey and
Sam Walsh and Kirkner sold it down, and
the same operation was repeated in St. Paul.
Jersey Central is for use and it was reported
Hartman & Tileston called in their Jersey
Central this morning.
Judge Lawrence, it is reported, has denied
the motion of tho Manhattan Elevated for
leave to pay into the court the rent due from
1T to the Metropolitan Elevated railroad.
Commissioner Fink of the trunk lines,
after an interview with Jewett, of the Erie,
to-day, said there was no danger of the Erie's
cutting, and there would be no war with the
Delaware and Lackawanna. Rates are main
tanned by all concerned.
1t is understood that most Of the Canadian
Pacific syndicate stock has been marketed
Sterling exchange is dull.
The cotton market is drowsy and sleeping.
The general short interest has materially in
creased during the past week.
The room traders were running the market
after 2:15 p. m. Louis Bell offered 1000 share
lots of Lake Shore, Reading, and New York
Central at bottom prices. Bouvier offered
1000 of Lake Shore at t. seller 10. Bird &
Bro. sold st. Paul, and Herrick offered New
York Central down.
The Northern Pacific earnings for eleven
months and two weeks show 81 5l2, OPS, against
$5,054,5lO last year, an increase of 2,475,515.
LONDON, June 25, 1870 p. m.--Erie 1 lower;
New York Central unchanged; Wabash pre-
ferred, lower; Reading, lower; Lake
Shore, . lower ST. Paul unchanged; Ontario
and Western unchanged; Illinois, higher;
Louisville and Nashville, higher; United
States bonds unchanged.
Special DfsDdfcn.
CHICAGO, June 25.-Wheat and corn on the
curb" are 4 to higher. The weather is
cloudy, and there is some rain in the south
and northwest. Elsewhere the weather is
clear and lower temperature prevails through
out.
REVIEW.
II. l..II
subsequently rallying I to !, for Canada Pa
cific and advancing on it to IL per cent. The
buying Of this stock came mainly from Enos
Il Co., and the room traders. The calling of
Jersey Central by prominent houses in the
street advanced the loaning to of per cent
day and it was very scare.
Subsequently the room traders, headed by
Walsh and Kirkner, sold Jersey Central
Johnes and Dickinson bought St. Paul. but
the other room traders hammered it. In fact
up to p. m. the market seemed mainly con-
fined to room trading Jersey Central selling
1 per cent for cash, above the regular rates,
showing that the stock was virtually cor
nered
Sterling was quiet and Saturdays prices
unchanged. Governments were firm, as
advanced to 1.20 and 3's sold at 1.0i. Money
lent at 2l. Stocks loaned, New York Cen
trail, 1-64; Michigan Central at l, and others
ate.
On the second call the only features of i'm
portance was tho activity of Central pacific
The remainder Of the market was very slug
gish. During the last hours the room traders
hammered Denver. The whole list was sold
violently by tho bears, and prices were about
bottom of tho day at PAS.
The market at tho close was very active at
the decline When tho gong sounded the
market was soft ON free offerings by room
traders.
Goulds Atalanta passed down the bay en-
route to Long Branch this morning with
party from Irvington,
STOCKS.
The following are tho 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. 1i1l + street northwest: