National Republican., 1883-04-14
THE MARKETS.
Indications That the Bulls Have Determined 10
Give Stocks a Good Boost.
hIigh Freights Preventing Grain Ship
ments-EncourOging Weather.
THE TALK OF THE STREET.
Sprciai Dfspdfch.

EpGcidt UtSpufcl.
New YORK, April 13-Traders who have
been waiting for reaction, which does not
come, are getting tired, but they profess to
believe it is coming. They talk about the
market being topping, sc. Brokers report
that the short interest is increasing, but there
is no lessened demand from the public. An
impression is current that Gould is inactive;
but he is known to be very bullish on West
ern Union and Missouri Pacific, and tolls his
friends that the market will not decline. lt
is reported that the Mills party have bought
$4,000 shares Of Erie since his return from
the south.
The Messrs Armour say they await the
opening of navigation before shipping more
from Chicago, unless railway rates are re-
duced. Private Chicago reports are that a
meeting yesterday of trunk limo managers
considered the reduced rates, but nothing
was accomplished because tho Lake Shore
and Michigan Central managers wero with
out instructions from the New York Central
company The Grand Trunk, Pennsylvania
Central, and Nickel Plato favor reduced
rates Western dispatches this morning say
the Baltimore aud Ohio also favor lower rates,
and proposed to reduce the grain roll 10 cents
per 100, and thus stop the present cutting.
The Manitoba Railway company officially
announces scrip to stockholders Of 40per cent
in the new fifty year gold bonds bearing 9 per
cent. Scrip receipts will be issued on the
payment of 10 per cent. of full value of the
bonds, and will be exchanged for bonds July
/. Stockholders are allowed only to subscribe
to the amount of half their holdings
1t is not certain that Gould aud Sage will
go west before next Monday night. Gould
said last night that the present
stock market was now no mans market
which was evidenced by tho great under cur
rent of strength and tho enormous demand
for railway bonds. Gould told Lavenburgh
that he had 10000 shares of Kansas-Tcxas
stock paid for and laid away, and that he
was not trading in it. Henry Smith and J..
G. Mills agreed that the market looked
healthy, and would undoubtedly advance.
Smith thought that next November would be
soon enough to sell stocks short. Cammack
says he is doing nothing, and has not traded
since he closed up his shorts two weeks since.
He doesn't wish to sell short His friend
Armour, he says, tells him the whole west is
buying stocks
Sterling is unchanged stocks lend at 5 I;
money is offered at 0. The room traders are
selling. Johnes offered Wabash preferred
down J. Stornbcrger & Ford sold New York
Central. Cecil, Godet & Jameson sold Lake
Shore, and Prince & Whitley, Wormser,
Haight, Horton, and Clems & Co. bought it.
Thorne bought Northwestern and Lavenburg
Northwestern preferred. Knickerbocker &
Co, bought most of Lackawanna with sellers
scattering.
LATER. Money was offered at 81, and New
York Central was lending at .. The bull
brokers report the room traders short of more
stocks than before in thirty days and good
borrowing demand for everything.
Sterling is easier and a decline is antici-
pated, as some large buyers Of bills on Mon
day are now sci ling, and these include stock
buyers on foreign account. 1t is believed that
Brown, Shipley & Co.. of London have taken
the Baltimore and Ohio railway loan.
II. II. Hollister and Davis & Minis, and H.
]. Nicholas arc buying all the Lake Shore,
and the Vanderbilts talk 100 for the stock
next week. and par for Michigan Central
Henriques bought all the Ontario and West
ern. Fuller, of Cammann & Co., bought
largely of Lackawanna. Chicago dispatch
reports brilliant weather in all the grain sec.
tions, and that farmers are in the midst of
their spring work.
The following shows the visible supply of
grain at the dates named: