National Republican., 1883-01-03
THE MARKETS.
Prices Irregular and Generally Lower in the
Wall Street Stock Exchange
Reports and Rumors OF All Sorts Affecting
the Markets.
rnn Nrw YrAr IN VAL srnrrr.

Spocidi Dispatch.
New York, Jan. 2.--Stoclss opened irregu-
lar and the market was only indiflerently
supported. The Northwestern, Omaha, Texas
Pacific, Kansas and Texas and Wabash were
weakest features, and nothing was strong
Lake Shore fell per cent before noon.
George i. Dickinson was a bear leader, but
Keene was reported to bo the principal seller
of the market.
Money carly in the day ,at 6; stocks at ..
There was rather more Of borrowing de-
mand. New York Central lent at 4. Tx
change was steady, with little doing. Gov
ernment bonds were steady, with increased
demand for small lots.
Money lent up to per cent. this afternoon
1t was reported some large orders had been
received from Europe to sell stocks, especially
New York Central.
In the last hour the general market touched
the lowest prices Of the day with considerable
pressure to sell. Altogether to-day's market
has been disappointment to those who were
led to believe in an early upward movement
after the new year.
Toward the close the market had very
faint rally, and closed about per cent above
the lowest prices of the day. Tho lambs to-
day have had plenary proof that the old say
ing, "That the unexpected always happens in
Wall street" is very true saying.
The lambs were promised IL they would
only buy stocks last week that the great dis
bursements of money and positions of lead
ing operators would tend to make q much
higher market to-day. The young buyers
have been treated to 2 per cent. decline,
which was much more disappointing than
calling at "cold water" house on New
Years. The absence Of short interest makes
It all but impossible to put the market up
without its renewal.
The market ought to go up, but it don't,
The failure of Jordan, Marsh & Co. in Boston
has added to the general distrust.
The weakness in Texas Pacific in tho
hoard is said TO be owing to the fact that the
state of Arkansas has issued large amount
of bonds to help the road which the state
now repudiates, and it is now rumored that
the road will be called ON to redeem the
bonds Keene, who was large buyer on
Friday and Saturday, has been seller all
day. He says he got most of his stocks from
Vanderbilts and Gould's bags.
There is arumor that an order from LON
don is here to sell 10000 Central and Hudson
River.
George Dickinson and Van Amberg are
hammering the whole market and have made
some impression, as quotations show. The
room traders generally are helping them.
The majority of the Twenty-third street
party have turned bulls and the old Windsor
hotel bear clique have entirely disbanded.
CommaclS believes that Denver is going to 80
,i, hoe a1r 1xy
about $75 per share but he protested that
while he was not short anything he was not
bullish ON the general markets.. He UNDER
stands there is no borrowing demand Cor
stocks and regards the comparative lowprice
of money as indicative of dullness to outside
business
Victor Newcomb has turned bull and says
there has been no commercial disaster at the
end of the year, as generally anticipated.
General trade is sound and the merchants
are solvent.
Mr. Ri. Cutting says Vanderbilt informs
him that he expects on his return from the
south, in about three weeks, to find good rail
way stocks up firm 10 to 90 points, and
market which will take some stocks. The
trunk lines, he said, were doing better than
ever before.
1t is rumored that Vanderbilt has recently
taken from the Chicago and North Western
Railway company two millions of 6per cent.
gold bonds at par, and there is story current
that the North Western company at the
spring meeting will take in the Omaha prop
erty, giving l of North Western common for
% of Omaha common, and l share North
Western preferred for II Omaha preferred,
10 Mills thinks stocks are cheap and money
will rule easy, but he is doing nothing be-
cause he goes south soon. There is u rumor
of rise of about 10points in Canada southern
in about fortnight, and it is said this stock
will be one of the cards for the january rise"
The room traders dsbelieve in the Jan
ary rise" and declare January will be bcarish
instead, because of absence Of buyers.
Keene & Hutchings are bears. Mr.. Gould
talks very confidently of a strong and advanc-
ing market, and in conversation yesterday
with Mr.. Buckley, of the st, Louis and San
Francisco railway company, said he believed
there would be large general advance in the
market before January 10.
President Jewett, Of the Erie, says he be-
leves Erie common will sell at 80 before
March l. on its merits
Foreign; United States AS 3D. lower and
4l's. Id. lower Eric declined 4 New York
Central, 3, and Reading, /.
STOCKS.
The 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,