National Republican., 1883-07-13
THE MARKETS.
Another Dull Day in Wall Stroet-A Raid on
Delaware and LaCkawanna.
What the Small Fellows Can DO when
Gould and Vanderbilt Are Away.
GENERAL GOSSIP.
SDcctui Disnnirh.

were bulls on the market. Tho party in-
cluded Smith, Connor, Osborn, and Hutchin-
son. Smith thought the market was "a pur-
chase this morning. and it was said that
Morgan expressed himself the same way after
the closing of the board. Connor said he
thought the market would take care of itself
and advance on its merits At present the
room traders force prices up or down, but
their work does not pay and they are firing.
There has been much washing going on,
and Missouri Pacific, Connor said, was
put down on. alleged sales of 5000 shares
yesterday, but q genuine purchase of 500
shares put the price back. This shows what
traders can do with Vanderbilt and Gould
out of the market. The other bulls said but
few real shares were offered ut the closing
yesterday, and soon as the bear pressure was
removed the market rallied. Buying of
Lackawanna and st. Paul was excellent, and
IL was given out that Lackawanna would
soon lead the market
Some bulls think the bears will raid tho
market again this morning, in which case the
market would do to buy for q turn but they
do not advise buying of stocks which run
through the bad crop regions. The bears say
il the crops turn out badly as represented
Northern Pacific will decline 10 to 10 points.
A broker who deals exclusively in Wander
bilt stocks for himself said last night that the
crops never had anything to do with this
class OF securities, they being sold on the fact
that u private council of the New York Cen
tral railway people has been held whereat it
was decided that unless the Lackawanna
stopped cutting rates the New York Central
would adopt the same tolls.
The bears declare that Western Union
looks badly, and the short interest in it is all
covered.
Davis and Tilestop are reported to be large
borrowers of New York Central. In New
York Central the largest sellers were Green,
Atterbury, and Henriques. Tho buyers were
Hcrrick, Johnes, and Wormser Spencer,
Trask & Co. bought Lackawanna. Cecil
Ward and L. Marx sold. Van Holman
bought Lake Shore and Camblos sold the
same: Al. King sold 1000 of st. Paul. The
buyers were scattering: Hotchkiss q Burn
ham bought Western Union. The sellers
were Fanshave, Chase, and Higginson, Whit
temore and Bernheimcr. Elliott was a large
seller Of Ontario and Western. Boston parties
bought.
A Chicago dispatch says the only obstacle
to wheat from breaking is the reported dam
age in Red river district, and it is true that
there has been some injury done to crops in
that region and in the Jim river country;
otherwise tho prospects are good for a big
harvest.
Pullman says there has been no negotia-
tions for consolidation with Wagner in three
years.
1t is rumored in the board that Gould has
bought $4,000 shares of stocks within two
days.
Henry Clews & Co. are buying, supposed to
be for Chicago account.
Conservative brokers report that better
undertone prevails to-day.
1t is reported that negotiations are going
on for the sale of Il big block of tidewater
pipe line stock, and will be followed by
changes in the mauauemhnt.
Harry Kennedy says prominent broker
who is identified with the Vanderbilt party
has bid per cent, for the dividends declared
upon New York Central stock to the extent of
10000 shares forehn years.
Sterling unchanged, dull. and nominal.
The weakness in West Shore bonds was
partly owing to lower London prices and
sales here by Woerishoctfer and Osborn.
Iavin bid up st. Paul. The shorts are buying
up Central.
- A Washington dispatch says tho issuance of
Sl4OOO,OO0 in pension warrants will prevent
q bond call.
LONDON, 12:30.--United States SIS. lower
Erie declined / Reading declined 1-l6; New
York Central rose /. Bank of England rate
unchanged
In New York the weather is clear and very
sultry.
REVIEW.
The market opened to higher and with
feverish feeling. Jersey Central was
wanted and rose J, and the stock loaned for
1-64, New York Central lent fiat, and Davis
and Tileston, n Morgan house, were large bor-
Towcrs of New York Central. Other stocks
lent at , Trading dulled toward noon and
stocks had but little life. The room traders
did most of the transactions. by 1 o'clock
the general market improved shade under
limited trading but the undertone was
stronger. Wetmore ~ Rathbon bought good
many stocks supposed to be for Connors' ac-
count, and Chicago parties also bought. Money
lentat2i; governments steady; railway bonds
dull and neglected.
Stocks were dull and sitter on second call.
The shorts covered in New York Central,
which rallied the stock, and Savin bid up ST.
Paul to Az. Tho transactions in Lackawanna
were very large. 1t was reported that lots of
long stock Calne out. In the last business
was light, and heavy thunder and rain
storm helped to dull the trading. Prices
were inclined to droop under the hammering
on Delaware and Lackawanna. About 2:45
p. IN. the room traders, headed by Kirkner &
Bell, made n determined raid on Lacka-
wanna, the first block being 10000 shares,
followed by 10000 more, eventually forcing
the price TO 12il
Stocks at tho close were dropping, and tend
ing lower under vigorous hammering by the
bears.
Special Dispatch.
- CHICAGO, July l2.-Whcatwas fairly active
demand and prices We're entirely controlled
by speculative manipulators and crop reports
from tho northwest. The latter were ex-
ceedingly conflicting some reporting good
rain In northern Minnesota and Dakota, and
othcr'sa aging the crops were suffering severely.
All advlces from central and southern Mime
nesota, Wisconsin,, Iowa, Nebraska, and all
the winter wheat sections show an improve
ment. Prices closed within of
yesterdays figures; July, 9sSc.; Au-
gust, Sl00; September $iO2. Corn was
active. The demand was largely from tho
shorts, who fear squeeze on this month, Au.
gust, and September. 1t advanced / cents,
and at noon reacted cent, closing to sent
higher than yesterday, early options showing
the most strsngth-July, 5ls; August, .5lp;
September, 5lb. Little confidence is expressed
in corner by cool operators. Inspection
equaled 3l2 cars; ia contract. The crop
prospects have seldom been better Oats were
quiet aud stcady-July 3i3 August, 20 SEN
tembcr, 27s. Pork was unsettled. 1t opened
10 cents higher, but weakened under large Of
ferings and closed 574 TO 65 cents lower
than yesterday July, Sl3; August, $1312l;
September, Sl3.25. Lard was weak and pan
icky, closing 3T4c to 40c lower than yester-
day-July 1925; August, $3.50; September,
$40. Short ribs closed 800 TO 57lc lower
than yestorday-July, $6,65; August, $6.67I
September, $685., Hogs were weak and 15c
to poe lower. Receipts 1900 head. Sales at