National Republican., 1883-05-19
THE MARKETS.
An Improved Feeling and a Slight Advance in
Prices in Wall Street
Rumors DR. Big Sale OF western Union
I'm hondon-Tho Price Lists.
GOSSIP OF THE STREET.
special Dfpdtch.

market to-day, but so much depends on the
actions of Gould that this element is in
clined to Await events. IfGould has sold the
list down with the intention of putting up
prices hislmanipulation is u repetition Of his
usual plahs. But If ho is selling out for q
further decline tho market goes down.
Shrewd buyers declare he was buying on q
large scale yesterday, and he bought largely Of
various stocks at overy decline. Several
large bear concerns turned bullish last oven
ing, and believed that the list was about at
the bottom for the present. $. V. White had
covered his shorts and would go long to-day.
Sage said the market was scraping bottom.
Osborne & Co. bought in large block Of
Union Pacific shorts, and Brandon bought
heavily of Central Pacific, supposed to be for
Gould or Connor.
James Seligman said he was bull and
didn't believe Gould was bearing the market.
The Vanderbilt stocks wore we'll sustained,
and Eugene Thompson had large scale orders
to buy Lake Shore.
Prince g. Whitley anticipate q rally, but are
not bullish for any large advance. Others
declare tho market is certainly oversold, and
this accounts for Jersey, Wabash preferred,
and Western Union lending fat yesterday.
Parties intimate with Gould say he is not
advising operations either way at present, but
tells them not to be short of stocks after
June l.
Won Hoffman sold Denver very largely,
but it was not believed all tho orders were
for European account Time money is offered
at ~. A leading commission stock concern
says there was great deal of liquidation by
bull customers yesterday. Bears threaten
another raid ON the Pacific railway stocks
Ntnr an, thn NaH a,
patches announcing the withdrawal Of the
Santa Fe company from the Colorado pool
which Ia liable to produce a conflict between
the Union Pacific, Central Pacific, Chicago
Burlington and Quincy, and Southern Pacific.
The Lackawanna is selling second class
tickets to Buffalo, good In first class cars, for
IS, against $40, which is the regular rate
This causes bitter feeling on the part of
other lines.
President Newell, of the Lake Shore, said
last night that this action would not make
any difficulty among the pool lines who had
stopped all the wars and the freight matters
which had been in dispute and settled up
through an agreement signed yesterday
which will hold good until autumn.
]. q. Mills says he is we'll satisfied that
Gould has been the late large seller of stocks,
and it Will be foolish for any one TO attempt
to buy stocks at present He admits he has
been wrong himself, and is long Of stocks
which ho shall hold, but there is no use buy
ing so long as the market sloughs of every
day.
The market looks as If IL might rally from
these prices. The short interest is large and
will prevent panic, although not further
decline. Henry Smith 10 evidently disgusted
and has been getting out Of his stocks, helped
by Woerishoetfer. He has let up on his sales
to-day, but may take advantage Of rally to
market some more.
Stocks opened active and stronger than ex-
pected, ana some say the decline abroad this
morning was partly manipulated to buy on
here. Osborn's brokers and Gould's are buy
ing stocks. In Lake Shore Hillyer and Clews
bought, William Smith and Steinberger sold
In New York Central Read sold and
Berdan was the largest buyer. In Lacka-
wanna Clewes and Ballou were the principal
buyers. In Northern Pacific Young sold 1000
shares and Cress bought. In Union Pacific
Chaplin and Burras and Rook bought, and
Wetmore and Rathbone sold 1,500 shares
Maplesden also bought Union Pacific, Rutte
and Gross sold Erie Neumogen and other
Germans bought.
Americans, and there has been considerable
improvement in prices this morning. Brown
Bros. advanced sterling to 4S41 to 4S6. Kidder
Peabody say they sec no cause for the nominal
advance and quote the actual market at 1881
to 4S31 and 1852.
h Germans are selling Long Shore, and the
shorts are covering Union Pacific. Warden Is
large buyer of Union Pacific. Clewes bought
Denver and Eric. President Dillon, of tho
Union Pacific, has gone west.
The Boston Transcript says: Amsterdam
has paid for $l,000,000 Union Pacific new
bonds, and they are being shipped.
The Chicago Tribune says Vice President
Stuyvesent Fish, of the Illinois Central who
has just arrived from New York, says eastern
capitalists have been greatly alarmed over
recent reports of stagnation in business in
Chicago and the west, and he is glad matters
are not as bad as represented. He thinks rail-
road construction has been overdone and there
are more roads than business.
Itisrumored in the board that Lo ndon cables
report that negotiations have been closed for
the sale of seventeen million ofWestern Union
stocks by DR.. Green and Mr. Gould to an
English syndicate. This report cannot be
substantiated, but is believed by some.
REVIEW.
Market opened active and stronger than
was expected and there was good buying of
stocks all round. 1t was noticed that the
Gould and Osborn brokers were free buyers
of the general list. ....
In Lake shore the buying was by Henry
Smiths brokers and the shorts, and the
sellers were principally Germans.
The Vanderbilt brokers bought considera-
Bile New York Central, and Berdan took all
the stock offering in the morning. The gain
in prices here by second call time and IL
per cent, and reports of improvement in
London produced a much better feeling in
this market. The most active and strongest
stocks were Union Pacific, Wabash, Central
Pacific, Canada Southern, Lackawanna. Texas
Pacific, Western Union, and the Wander
bilts.
Stocks loaned at and 8, and money at 3
and 4.
At2p. m. the general market was firm and
eetive, but prices were of shade. At 2:30
the tone was strong again, but trading was
limited
The market closed strong and active, show
ing gain of from to 2 per cent. from the
lowest prices Of the day. The Gould, Van
derbilt, and Osborn brokers have been the
principal buyers to-day. The short interest
is still very large, and should further ad-
vance be made tomorrow there will be n
lively bear scramble to cover.
LONDON, May 1s, 12;30.-United States As
lower; Ontario and Western declined IL ;
Illinois New York Central Erie st.
Paul u Pennsylvania Central 4; and Read
ing b--all decline. Clear and hot.
WARRINGTON STOCK ExcuANaE
District OF Columbia,
permanent improvement es. issl colin, ilSA III
Permanent improvement rs. 1901 curry 100 -...,.
Market siock N, 1897, Currency........, 40 ....
Water stock 70, 1901, currency. .:- ls9
k1fty-year funded aoS, 92t. currency..,. l09A 10
Twenty-year funded Dis, 1892, coin .,.... .. INK
Thiry-year funded ds, 1907, coin ....... ,.- 1919
Fire Insurance and Gas.LtgM Companies
Washington CITY ons-Light .... par 20., 36s 81
Georgetown Gas sLight-,.,........... 3B .....
National Union nInsurance-"...........5O.,l l8L secs.
Polomac .,....-25,. sees. ~
Railroad stocks
NW,,as,hlngion y 9eorgetown- stock 6o... l5o