National Republican., 1883-08-03
THE MARKETS.
The Financial Situation in Boston Still Caus-
ing Uneasiness.
Splendid Reports from Western Crops
The Stock and Grain Lists.
A DAYS GOSSIP.
lSneclnL Diannlrh-


NEW YORK, Aug. 2.-Tho general idea Of
brokers is that tho ordinary situation is un-
changed, and the main trading is confined to
board fraction scalpers.
They say the bcarish traders, who Iaided
one after another of the active stocks yester-
day, covered or went short for immediate
profit on Missouri Pacific, Western Union,
Erie, Lake Shore, and Texas Pacific, and be-
fore closing the bulk of the traders covered
shorts.
The room had it that Woirishoeffor sold
extensively of Wabash and New York Cen
tral, but it was said last night the main selling
came from London people throwing out Erie,
New York Central, and Lake Shore He says
the trunk lines show no important tonnage
increase, and the crops are yet doubtful.
Henry Smith thinks tho harvest promises
magnihcently and the whole market
is o purchase The advices from the
west promise the biggest corn
crop, eyer known. Sage says two
thirds of tho places of the strikers in the
Western Union have been filled from the out
side and the situation is fraught with dan
ger for the strikers getting employment at
present. The strikers remain quiet and firm,
and say that the misrepresentation on the
part of Sage and others are merely part OF the
tactics in Il desperate game OF blutf. 1t is said
that the large sales of Eric yesterday were
for the account of Joe Mills. Prominent bears
say New York Central Is shaky again, and
that it will soon sell ut lower figures than
were reached when it slumped last. They
say there are fresh disturbances in the trunk
line pool and that there will be some un-
pleasant developments soon.
Stocks opened dull and with few orders in
brokers' hands. The Germans and room
traders were general sellers of New York
Central Kirkner sold New York Central
and Lake Shore. Sayback sold Western
Union and Canada Pacific
The Ward estate assignee says further fail
Tres are expected in the leather trade.
Dispatches received here this morning from
President Cable, of the Rock Island road, to
officials here say that the crops along the line
Of that road are in eXcellont condition, and
large business for the road is assured.
1t is reported that the Pennsylvania COM
pany is negotiating for the purchase of the
Connotton Valley road, which, if the pur-
chase is made, will be changed TO a standard
gauge.
Business of the Cincinnati Southern has in
creased to such an extent that 1000 new cars
have been ordered to supply the demand.
1t is announced that all is now amicably
arranged among the Colorado roads, the pas
senger traffic difficulties between Denver and
the Union Pacific having been settled.
The production of anthracite coal for the
week ending July % was 10000 tons, an in
crease of $4,000 over the corresponding week
last year. The total output for the year to
date is 16,714,0O0 tons, against 15,500,OOO tons
last year.
State and railroad bonds are dull nothing
doing except in West Shore siXes
1t is reported that after to-day the Jersey
Central will otis own mining, thereby saving
to the road about 100000 annually.
The financial situation in Boston continues
to cause good deal of uneasiness on tho
board. 1t is known that many New England
banks have been carrying the paper of the
bursted leather firms, and it is reported that
a large amount of stocks held by parties inter-
ested in the late leather firms will be brought
to market at the best prices they will bring.
REVIEW.
The market opened rather firm, but soon
fell to 4. The room traders hammered
Denver, North Pacific, and Oregon Transcon-
tinental. They yielded only slightly. The
loaning rates on stocks were the game as yes
terday money at q; governments steady on
small orders; state and railroad bonds dull.
Stocks were weak up to 1l30, at which time
there was a small rally, led by North Pacific
preferred and Oregon Transcontinental.
Davis, Teleston & Co., Whitehouse ~ Co.,
Benjamin Chapman and Fleming were buyers
of North Pacific to-day. Union Pacific earn
decrease of $169000. On the second call the
trading was dull, the very severe rain storm
materially checking operations. The bears at
the board stopped raiding and trading was
at standstill. Western Union was not as
well sustained to-day, and tho bears
predict it will go to 20 before So.
Early in the last hour the market
dulled again, and hardly anything was done,
Texas Pacific was especially weak. There
was u very uneasy feeling on the street. par
ticularly during the last hour on the ex-
changes on account of the unsettled condi-
ton of finances in Boston. 1t was rumored
that some heavy failures wero momentarily
expected there, and considerable amount of
stocks would be thrown on the market.
A prominent bear declared that block of
5000 Oregon Transcontinental had been
offered at private sale at prices below the
market but tho rumor could not be traced to
any definite source. At 2:45 the market was
still very dull and rather weaker. Stocks at
the close were weak Mt about the lowest
prices of the day.
LONDON, l2;30,-U. S. 4ps, unchanged;
Erie, I lower; Illinois, lower; Ontario and
Western, lower; New York Central, 3-16
higher; Wabash preferred, unchanged; Den
yer, 3-16 higher.
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 & Co.. bankers,
No. 141l II street northwest: