National Republican., 1883-04-24
GOSSIP OF THE STREET.
Speofdl Dispdtch,

morning bno mH1hOB nlBnU no 10 Duy again
for turn, as IL was understood that the
manipulators were ready for another rise this
week, but it was admitted that the trade was
mostly the result of professional and not of
public support
The brokers said that tho main feature Of
Saturdays closing was the weakness in tho
Wabashes, of which IL was calculated fully
25,000 shares were sold by insiders here and
in London. The general list was likewise
depressed by tho rumored extreme illness
of the president, the fall in pig iron
from $22 to 500 per ton, and the unfavorable
effect of tho failures in the iron trado in Phila-
delphia. The consequence was that all tho
room traders went home short of the market,
expecting to buy back at lower figures this
morning.
Mr.. Gould's intimate friends advise against
selling Wabash short for fear Of trap, and
there are intimations of a big upward turn in
these stocks when Gould gots ready. Tho
short interest in them is immense, and Mr..
Gould's remarkable card shows that he
intends TO stand under tho property
which will begin advancing AS soon
as the new traffic arrangements arc completed
which increases the traffic IS per cent. Wa
bash is still Mr.. Sagcs favorite, but he thinks
that the general market will continue to fiuc-
tuate either side to per cent. until after
the seeding, and soon after that tho move
ment will drift into strong bull speculation.
Gould tells his acquaintance that he pro-
poses to stay in the street until next fall be-
fore starting on his years sail around the
world. Upon his return he expects to find
the Wabash stocks, Kansas and Texas and
Texas and Pacific paying dividends, mainly
owing to the great development of those parts
of the country
The foreign bankers say that tho case with
which the Baltimore and Ohio railway loan
was placed abroad, the sale of Vanderbilt road
bonds and others in London and Frankfort
recently, shows the confidence of bankers in
the situation. The Baltimore and Ohio loan
was the first railway bond that Brown, Ship
ley & Co. ever undertook.
The Mills party declare that they arc not
trading at present, but are not bears upon
anything, director of the Hannibal and
ST. Jo railway says that there is serious
hitch in the proposed sale to the Chicago,
Burlington and Quincy. The Trunk line
agents hero say that the freight
traffic is in healthy condition owing to rate
reductions The falling off last week was
only 1000 tons The Fort Wayne road got
carried "a per cent. of tho freight moved.
The up town bears, as represented by Cam
mack, Woerishofier, French, and Victor New
comb are looking for further break down in
stocks this week, and they held long con-
ference at the Windsor hotel Saturday night.
1t is understood that this party sold North
western and other Vanderbilt stocks heavily
on Saturday through orders to Vanderbilt
broking house. and this was done to create
the impression that the market was full of
long stock. .-.,.
President Dillon, Of the Union Pocific,
says his company is anxious to make settle-
ment with the government and that the exact
facts are, that the company has claim against
the Postofice department and the Interior
department has one against the road, and
when properly adjudicated he believes that
the balance will be against the government.
The earnings of the granger roads are not
running up SO largely, but the Northwest is
showing slight daily gain.
Sterling is steady and unchanged There
~ q fair demand for stocks at to 5. Jersey
Central leads at 8. Money is offereed at 9.
In Lackawanna Burras sold and Stockwell
bought. s. V. White sold on the opening q
put on 1000 shares of Lackawanna at 1.27 all
day for / per cent. In New York Central
Soutter & Co. sold and S. V. White bought. In
Lake Shore Godet, Quigley, and Post IL Wales
bought and r. Newton sold. Decker, Howell,
and Sterling sold Denver, and Cross bought 1t.
In st. Paul. Hotchkiss and Burnham bought,
and Williams and George IL. Palmer sold. In
Western Union Orborn & Co., and II. S. Nell
son and Alexander bought. James sold
Michigan and Miller sold Missouri Pacific.
The latest London advices state that the re-
cent considerable Withdrawals of specie from
the Bank of England have been for a large
new Dutch loan.
A Cincinnati dispatch says the general
manager of the Ohio and Mississippi railway
says that the earnings arc running 10 to 10
per cent. ahead of last year. The winter
wheat crops look we'll along the line, and
fruit promises to be very heavy. Scranton &
Willard have sold the most Northern Pacific
this morning. Hatch ~ Kendall and Gracio
& Co. sold Louisville.
Sterling is very steady, but there are no
transactions. Government AS steady, AVS
and 3s weak.
William Heath sold 1000 of Erie this morn
ing at 37b and Scranton & Willard 5000
Lake Shore at about the lowest price thus far.
terrible cyclone is reported in the south
west, and two Mississippi towns (Wesson and
Beauregardl have been destroyed. Twelve
persons killed in one village, five in another,
and seventy-ivo wounded.
REVIEW.
The market opened with n declining ten
dency, and under large sales prices reccded
to per cent. Osborn & Co, sold Western
Union. Before IL o'clock the decline was
pdIply ltCONCIIht HihSi bluo llbHl JuHutS,
who bought a good many stocks all around
the room, but by noon prices were again of,
with dull and stagnant market.
Sterling was quiet, with little doing; gov
ernments steady; money loaning at 81
stocks loaning at A and 8. The Bank of
England lost Gl3,000 sterling on balance to-
day, said to have been for account of large
Dutch loan. Is is reported to day that the
. Nickel Plate road was going to make a Sec
ond mortgage of ten millions, four millions of
which was TO be used at once, and six mil
lions retained in the treasury.
On the second call tho market was eX-
tremely dull, in sympathy with the dreary
rain pour and mud there was
scarcely any trading, and the tone
was very weak. Osborn & Co. sold
st. Paul, James sold Michigan, and Miller sold
Missouri Pacific. In the last hour the mar
ket stifiened somewhat, but continued as dull
>as the weather. Money loaned Mt 5. Sage
sold spreads on Lackawanna to-day at 11S and
las for balance of the year for per cent.
At this hour (2;50) the stock market contin-
ues dull and IN most cases TO per cent.
above the opening except Canada Southern,
Delaware aud Hudson, and Texas, and re-
NAMED so up TO the close.
LONDON, April %, 1:30.-St. Paul declined
}; New York Central Onterio Western
Erie 5-l6 Illinois 4; and Reading /. Bonds
unchanged.
GOVERNMENT BONDS.
United States 6s 1881 IOJ [
United states 4is, 1891 registered 13ls ll3a
United states avs, 1891 coupon , ,,,.,, li3bS ll3i
unMed 5lAles is iOl coupon "..,.",,,..,. l9b ida