National Republican., 1883-06-09
THE MARKETS.
The Wall Street Traders Take Advantage Of the
Rise to Lot GO and Got Better Hold.
Something Important i'm Northwestern
Kept Back TIL Vanderbilt Returns.
GOSSIP OF THE STREET.
C,,rrfoT Dgcn1gnb

Special DiDdtch
NEW YORK, June S.-The Western Union
people both deny and affirm the reported
shipment of block of stock TO Europe. If
the statement is true tho officers are GER
tainly desirous of concealing IL for some
reason, and thoy attribute the rise of yester-
day mainly to the largely increased earnings
and the prospect of favorable decision in tho
Williams suit. Mr.. Connor's brokers were
said to have been sellers Of the stock yester-
day afternoon, and the Gould party arc said
TO be bearish on Jersey Central. The short
interest ON Jersey Central is very large, but
the brokers report some inside selling yester-
day afternoon at the top prices, and some
Lackawanna and st. Paul was likewise fed
out. Parties who know the fact say that the
Mills party have been selling moderately of
long stocks for two days, because they had
rather more than they wanted. IL Is stated
that Woerishoeher and another bear are short
about $4,000 shares of Erie. The traders gem
orally predicted the reaction yesterday, but
they admit it was smaller than expected.
They admit the general trading was better
than before this year, and IL is believed that
tho commission houses and tho public are get
ting abroad for another rise and continued ad-
vance. A prominent grain house, which also
deals in stocks, says they are doing 5000 to 4, =
900 shares per day now, whore they were doing
but little q month ago, and some days they
were "skunked." Their grain customers are
generally short Of wheat and corn in Chicago
and the latter is thought to be oversold. A
prominent Broadway stock concern reports
quite an influx of "lambs" into tho street
yesterday, and they all nibbled at stocks.
Some Of them had good profits last night.
The Central Pacific railway people say that
the decision of the secretary of the interior
last week regarding lands Of the California
and Oregon branch gives the Central Pacific
possession of million acres of land worth
$3.50 to $5 per acre.
There areAntimations of important results
from the Chicago and Northwestern annual
meeting yesterday. They may not develop
until after VanderbilPs return. Matters arc
kept secret but summer "melon" is not
improbable. Joe Mills bids 8 per cent. for
all the extra Northwest dividends sold this
year. d. o. Mills tells his friends the North
western company has S2S,0OO,00O of assets,
against which no securities have boon issued,
besides $4,000 shares of its own stock. A
further advance in Canada Pacific is booked
for to-day. Tho large dealers in railway
mortgage bonds say there is demand for
Metropolitan frsts, which are quoted at par,
with five months interest accrued. A promi-
nent trust company recently brought 3,000,-
600 of these bonds.
The short interest in Erie is estimated at
100000 shares. Sterling is unchanged; the
general loaniDg rate for stocks is "a Jersey
fat New York Central fiat to l per cent.
Savin sold Jersey down; Johnnes sold Read
ing and Bogert offered the stock. The buy
ers were l.. j.. White and Marx. Williams
sold Northwest and Hughes bought Red
mond sold Lake tShoro and Cecil Ward and
company purchased. Lee Ryan & Co. bought
1000 shares of Western Union. Johnnes sold
1000 shares of Union Pacifcat 0S.
The weather in Chicago is very hot.
:. Sterling is very quiet, and the edge is
rather off.
United States As are firm and wanted
The offerings are small.
Mccormack, Adams & Co. usually bulls)
telegraph from Chicago: "The markets
rather easier all round, and the bear interest
most aggressive but the ibdlls,,1 While very
confident will not try to force things Just
now. We think it only1a matter of timo
when the bulls will have their own way in
grain. Provisions are in an abnormal condi-
tion and very uncertain.
Robert Bruce, 62 Broadway, furnishes tho
following, showing the visiblesupply ofgrain