National Republican., 1883-01-25
THE MARKETS.
A Dull Day with a Generally Downward
Tendency in Prices.
The Bears Take Heart while the Bulls
stlu Profess to Relieve I'm Rise.
THE DAY IN WALL STREET.
~ V.ta.yt


NEW YORK; Jan. 24.--Stocks opened weak and
lower, and the only thing which improved on the
list was Alton and Terre Haute common, which
rose to 59l5 on report that the main line would
be leased to the Co. Co. O. and l. and 81. Louis road.
Vanderbilt stocks were not so much pressed for
sale as the remainder Of the list New York Gem
tral was the only one to decline, and 1t reacted y
point. The weakest stock Yves Denver. which fell
Spolnts on report of trouble in the pool, and
sale of long stock by Cammaok.
The Grangers were fairly sustained, and only
yielded fractonally.
Lackawanna was vigorously sold, but the de-
cline was slight. North. Paoittc consolidated de-
cipedi1f but the preferred remained strong and
Giill. louisville aud Nashville fell "a and Ore
gon Trnnscontinental from $50 to Sc. Western
Union declined to S1A on the second call and
Union Pacific declined point,
-Keche aud the room traders sold heavily Of the
general market to-day and the short interest was
largely increased.
Money was plentiful at a. stocks lent at to 4,
Lnckawanna leading at latter rate.
Sterling exchange was firm and there was an in'
creased demand.
Stocks became dull and quiet after 1:S0p. M,
and ther was a slight improvement.
osborn aud Smith continue bullish on the mar
ket, Tut It is reported that William Belden turned
bear aud his house has been large borrower for
several days on the general list.
After o'clock the tendency was downward and
the room traders hammered Denver. Denver
rallied from Al to 45 afterward, and there was II
fractional recovery in few other stocks, but tho
feeling continued ioverish and unsettled.
The market closed firm with recovery of from
= TO per cent from the lowest figures Of the day.
The short interest is quite large, and should the
buying continue good tomorrow forenoon de.
C.ded rally will take place. The fall in Denver
can only be looked upon with favor by those who
care TO sec good advance in the general market
Its rottenness is well known and why 1t should
be selected as q leader in an advancing market
"passeth all understanding"
The large short interest, tho sitting down to n
better basis of the "toppy" stocks the ease of
money, and the better feeling in Paris all together
form better basis for a rise than we have had
this month.
London dispatch says that to.days Times
states that If French statesmen continue to
Nrnnglo the republic will 90 headlong to ruin.
All Of the ministers but three have resigned.
later dispatch says 1t is now thought serious
complications have been ayerted, and Eugenie
has returned TO London.
An Albany dispatch says the assembly unan-
imously reported the cent Elevated fare bill for
all hours, and bill has been presented to put the
telegraph wires under ground.
Osborn's people arc lending heavily Of Denver
at ., and two prominent bull houses nre lending,
at easy rates, large quantities of various stocks
A late Paris dispatch reports rentes frmer and
higher, and the financial atmosphere improved,
but still unsettled.
London cables report, at $50 p. M, consuls q
higher, an advance of SO since the opening this
morning.
The leaders have made grand rally all along
the line and are all swearing they have sold no
stocks. believe they have and can afford to take
bnck few TO scare the shorts and then sell again.
Those who have been leading bulls on the mar
say the main excuse for yesterdays decline
was owing entirely to the bears manipulation on
alleged news from Paris of a panic and the silly
statement that Gould kept beck the report to sell
out his stocks upon.
Mr.. Seligman, the banker, said the trouble in
Paris was grossly exaggerated, as could be seen by
the London market where consolsroso fractionally
yesterday, aud London is the real barometer of
all European finances.
Mr.. Cammack declared he hadn't sold single
share of his Denver and he didn't believe Gould
had sold down as rumored. Mr. Smith said that
he had not sold stocks this week, but on the con-
trdry he bought more yesterday and believed the
market would be good purchase this morning
Osborne and Scott had heard u report that
Gould had sold the market, but declared they had
10 knowledge of it. III fact, all the prominent
bulls who have been operating together, said last
evening, that they bought more stocks yesterday,
and II was believed that short interest had been
increased to the extent of $1,000 shares. 1t was
stated that the short interest increased most in
Union Pacific and Lake Shore.
kls,Hm & Whitney bought great deal of Lake
Shore, and Frank took most of the st. Paul.
Vice President Gable, OF the Rock Island, said
his dispatches say the weather has moderated
considerably throughout the northwest, and the
roads which had been blockaded were gradually
opening up.
Keene's friends report him rs n terrible bear
and sny that he sent special word to the Windsor
bulls last night that he would put the market
down ten points on them, and force them all to
run inside of three days. lie is very angry about
the stories circulated about his embarrassment
&c. His message was the subject of much COM
ment and rdicule by this party last evening.
Russell Sage said yesterday afternoon he ex.
pected the market would sell down two or three
points and then be purchase for quick rally
lie said he told Gould yesterday that the bulls
made great mistake in choosing Denver as
leader.
LONDON, Jan. 2i, 12;SOp. m.-United States As de-
clined Is and 416's advanced rs; Erie declined a
Illinois, "a; Pennsylvania Central, n Reading,
u; ontario and Western, "a st. Paul, ".
STOCKS
The following are the opening, highest, lowest
aud closing prices of the principal stocks for the
day. ns corrected by special wire reports received
by Bateman d Co., bankers, No Corcoran build.
ing;