National Republican., 1883-06-01
THE MARKETS.
A Very Dull Day Closed With Prices Firm and
Advancing.
The Points All Indicate IA Bull BENEFIT
General Gossip.
GOSSIP OF THEsDAY.
yDecfol Dfspdfch.


NEW YORK, May 31.-The general tenor Of
thenews regarding the market was more bull
ish, andthe only argument Of the bears was the
trading and dullpess In the street. The
Mills-Morgan- people are firm believers
that prices will go up from 10 to 10 per cent.
within thirty days, and the Gould-Sage-
Osborn party look for better market within
that time. The Gould following say the
southwestern roads have doubled their busi-
ness, and there is large investment demand
for Kansas Texas and Texas Pacific. Gen.
Eckert says the Western Union has over two
millions cash in Its treasury, more than
sufficient for two dividends. Joe Mills says
that tho stock market was just about as dull
and fat as now year ago, following which
came q good bull movement. A Wall street
broker offers puts on Erie in 1000 share lots,
sixty days, at "a for / per cent. Solon'
Humphreys, just returned from tho west,
reports that crops look fine, and even winter
wheat is much better yield than was ex-
pected a month ago. Vice president
Cable, Of tho Rock Island, telegraphed r. P.
Fowler yesterday that all important matters
in the Iowa pool had been settled except
slight differences between the Rock Island and
the st. Paul on passenger business to few
unimportant points. The fighting in Peoria
pool has also ceased. IL Is understood that
arbitration will settle tho few remaining dis
puted points. The Central and Union Pacific
people say the government is going to return
to them about sixteen and half millions Of
taxes paid under protest upon unsubsidized
branch lines
Drexel, Morgan & Co. are great bulls on
Oregon and Transcontinental, and Fabri
Af ArVn Aanl
safe enough to place in trust funds. Tilling-
hast, of the New York Central, says the
Reading will begin next week to shove coal
over the new connection west, and will gain
more than it will lose by the closing of the
Pennsylvania iron furnaces. 1t is said that
Vanderbilt will not allow New York Central
to 10 below 1.20 while he is absent The room
traders, except johannes, are bullish. In Lon
don yesterday Erie seconds declined ! Penn
sylvania Central J.; Illinois t, and Oregon
and Western !. Weather cloudy and threat
ening rain.
California kilograms say the prospects are
good for the largest grain crop ever raised
there. Stocks loan at q; money is offered at
3. A largo time loan was made till April 20,
1884, at 81 per cent.
Demott & Durant bought most Union Pa
cafe, Sterling bought Central Pacific, and A.
Thompson sold the same. A. M. Kidder
bought Jersey Central, and the sellers were
bCAUtorl0B.
Scranton & Willard bought Lackawanna,
and Bissell sold the same.
A Chicago telegram to a prominent house
here says. From railway officials l learn
that there will be no further trouble between
the granger lines. A meeting will be held
to-day to make final adjustment Of all differ
ences."
Western telegrams to-day confirm the satis-
factory adj lustment Of trouble between Den
YER and Union Pacific, including tho use OF
tracks in Colorado.
REVIEW.
The market opened with improved feeling
on the favorable crop reports and the settle
ment of the railway troubles. With the
weakness in Chicago grain market North
western and Union Pacific rose Z; and the
balance of the list to J. Business was very
light, and the old brokers declared that the
rise would not hold. Subsequently there
was sudden drop in Manitoba Of 81 pei
cent. on report of further trouble with
the Canada Pacific and decreased earnings
The apathy of the public to buy caused re.
action at noon, and the mornings gain was
lost. Sterling advanced 4, near gold shipping
figures, and this hurt the stock market. Busi
ness was very dull. Money loaned at and
stocks at 2.
Denotes and Ourant bought most Of the
Union Pacific. Early in the day Kiddel
bought Jersey Central.
On the second call inc Market was lowe
and intensely dull. Union Pacific was littl,
firmer on the announced II dividend de
clared. H. L. Horton & Co. were larg,
buyers of Union Pacific. Railway bond
were strong. Goyernments were lowe
for the as. The market was dull anC
irregular at 2;30. The prominent trading
was in Jersey Central, Delaware and Lacka
wanna and Union Pacific. The telegraph wa
weak on a rumor of reduced rates tomorrow
At 2:45 sharp advance set in all along tn
list, and the market closed firm at the ad
vance.
LONDON, 12:30.-United States bonds un
changed. Erie unchanged. New York Cen
tral lower, Wabash preferred lower, Read
ing unchanged, Lake Shore lower, st. Pau
unchanged, Louisville and Nashville lower
Illinois unchanged.
STOCKS.
The following are the opening, highest
lowest, and closing prices of the principa
stocks for the day, as corrected by special wir
reports received by Bateman & Co., bankers
No. 1411 + street northwest: