National Republican., 1883-05-04
THE MARKETS.
A Little Better Trading With Slight Advance
in Most Stocks.
The Bears Rsiding New York Central
Gould Buying Denver General Gossip
A DAYS GOSSIP.
Specidi Dispdich,

Special Dispatch.
NEW YORK, May 3.--Those who are in a
position to know say that there are very
large supporting orders in Lake Shore, Lack
awanna, Union Pacific, Northern Pacific,
and other good stocks, and the largest bull
operators have perfect understanding and
work together. Some of tho largest bears
covered yesterday on the decline, and even
Csmmack admitted that there would be a
higher market again in June. Denver, he
thought, would advance soon and it is un-
derstood Osborn & Co. bought about 5000
shares yesterday. This firm also bought tho
general market. IL is believed that Jersey
Central and Central Pacific will go higher to-
day, and the whole market looks higher.
The sentiment is not very decided in either
direction. An officer Just in from an OK
tended trip over the Northern Pacific road
says the emigrant settlers are pouring into
tho now country faster than homes can be
provided for them, and thousands are living
in tents.
The Mills party continue bullish on the
general market, and say the market must ad-
vance soon. Charles Johnes is decided bull
for long pull, although he does not look for
any decided immediate advance. He believes
in Canada Pacific, Hannibal preferred, tho
Texas stocks, Jersey Central, and Louisville
and Nashville, and thinks the big money this
summer will be made in the lower priced
stocks. 1t was reported at the Windsor hote
last evening that an upward turn was to be
made in Louisville and Nashville again, and
there was good buying of it yesterday.
Mr.. Vanderbilts youngest son, George, will
accompany him TO Europe.
Thomas Denney, 1t is said, has put all his
money in Canada Pacific. The president of
the Bank of Montreal is also large buyer
and declares that there is as much in it as
there was in Manitoba, and he made $4,000
in that stock.
1t is announced that the holders of $1,000
shares of Hannibal common and $4,000 of the
preferred stock had voted for the sale of the
Chicago, Burlington and Quincy.
Davis & Minis and another large Exchange
place concern were heavy borrowers of New
York Central stock this morning supposed TO
be for r. p. Flower & Co.
1t is reported from Washington that tho
government officials have decided to pay the
Union Pacific claims against the Postotiice
department.
A member of the Canadian Pacific pool says
that they have disposed of their stock at
good profit in London, Amsterdam, and New
be declared in July.
An officer of the New York Central railway
says tho gross earnings for the first three
months in 1888 exceeded three millions, and
the six millions and q half of debt certificates
which matured May II are likely to be all ex-
tended, as the bonds into which they are con-
vertible are at premium.
Bankers here have advces that the south is
planting for eight millions bales of cotton this
year.
Stocks are loaning at A to 8, and there is
not quite so much demand. New York Cen
trail is fat. Tho market is dull and easier.
Lackawanna was sold by Denslow, Herts,
Godet, & Co., and Mauriac. The buyers were
DE Neufville and John Wallace. II. J. Nick
olas bought Lake Shore, and Campbell sold.
Heath Il Co., sold Canada Pacific, through Mar
win. b. o. Wheeler, Govesteen, and Pell, and
Johnes sold. In West Shore bonds, Savin
bought $4,000, at s1a. '''L'- ne 79hhr
REVIEW. .t... @
Stocks opened dull and easier, but improved
gradually with a few ups and downs, until
p. M, when tho highest prices of the day were
reached. There were rather more outside
orders to-day. Osborne's brokers bought
Louisville, and Nashville, and Denver, Bo-
cock bought the Omaha stocks. There was
increased trading in railway bonds. Just
after p. m. there was little reac-
tion in the Vanderbilts, and in Jersey
NchVidit oh puV buo BcuoTdl
list continued firm. Stocks loaned at
tand 81 New York Central fat.
1t was reported that great deal of Central
was borrowed to-day for Flower & Co., who
were short. Sterling is very dull, and scarcely
any transactions, Bankers who have made
loans on the other side are taking back their
own bills instead of purchasing.
Money is to A.
At 2;30 p. m. New York Central was weak
and nearly per cent. tho best prices down
1881, and the rest of the list was about per
cent. from the best figures. New York Cen
tral and Lake Shore were raided in the last
hour by Van Emburgh, Kirkner, Osborn and
Bell There was no doubt about Gould buy
ing Denver freely to-oay. The market closed
firm, but dull. There is no more than per
cent. in the market either way at present,
but higher market is probable.
STOCKS.
Tho 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. 1411 street northwest: