National Republican., 1883-01-24
A MIXED MARKET.
Indications Of Improvement at Opening MOI
Carried Out
The Closing Weak, to the Intense Disgust
OF the Bulls.
TODAY IN WALL STREET.
,cDecini DfsDdich,

NDcciW GttDutCNs
NEW YORK, Jan. 23-At the opening there
there were some indications of general i'm
provement, but by noon the fractional gain
was lost the Gould stocks being especially
pressed for sale. Denver declined, and it was
believed that insiders were selling both here
md in London.
It was reported that Vanderbilt is going to
California on Jan. 81. The Gould stocks were
sold down on reports that negotiations for q
joint lease of the Southwestern road and the
Hannibal had fallen through, but there was
no foundation in fact for the rumor.
At the second call the market was dull and
gave evidence of realizations. This was APP
parent on the surfarce, but what was going on
inside was only know to fow.
The market was very unnatural, and the
in6uen ces to-day were for. selling, and some
of the outside traders who have been buying to
some extent during day rtwo for q rise have
sold out. There was certainly nothing to-day
cncoura ging to the commission houses. At
2;3O the general market was dropping.
Money was easy at 4, and stocks were lend
ing at 3 to A. Sterling exchange was dull
and heavy. Government bonds steady.
The market closed weak ut the lowest
prices of the day, and a more disgusted set of
bulls have rarely been seen than those who
climbed the elevated railway steps at Rector
street.
After 3 p. M, while the market has been
very weak, it has not been very active. This
would indicate that all the support was with
drawn to encourage short interest in the
general market. Should the market open
very weak tomorrow, n decided rally would
be in order during the day.
Chicago dispatch says John Lyon has OBJ
tanned an injunction against tho corner in
January corn.
An Albony dispatch says suit brought
against the Metropolitan Elevated Railway
company for four millions, and first decided in
favor of the road has just been reversed in
the court of appeals, and q new trial been or
dercd.
Mr. vanderbilt's friends say that while he
has not been doing anything in stocks during
the past month, that he yesterday began to
pick up some of the Lake Shore stock on a
scale which was offered down by the bears.
A Chicago special says the best informed
railway people there believe the Chicago,
Burlington and Quincy and Wabash Pacific
will in a few days jointly lease the Hannibal
road on n basis of a guarantee of per cent.
on Hannibal preferred and on the common.
There will also be traffic and running ar
rangement made between the Missouri Pacific
and Wabash Pacific similar to that recently
made between the Canada Southern and
Michigan Central, which would result in a
great benefit to both these roads through large
reductions in expense.
POINTERS.
Seligman & Co. report that London has sold
Denver here this morning very heavily.
Brokers say the Germans have been the
main spllers this morning,
Denver earnings decreased $4,000 the third
we elk in January.
Stocks loaning Mt 3 to 4, mostly A. Della
ware and Lackawanna and Union Pacific,
also St. Paul are the most in demand.
The room traders arc not inclined to sell
short, being distrustful that the bulls are
playing with them, but the feeling gains
ground that somebody has slipped out OF
Denver.
The bull party claim to be loyal to higher
prices, but they weakened the faith of thciI
following by their realizing last week.
The market is being manipulated as usual
by parties loaded with stocks. There is some
little market for bonds for investments, but
for stocks there is no demand, SO far as / can
learn in different offices.
Some anxiety exists regarding the whisky
bill as to its effect on the money market.
Tho Paris correspondent of tho London
Times says there was a kind of panic on the
Prince Napoeons manifesto, the restlessnes,
in the chamber of deputies, the uncertainty
of the fate of the government bills, and news
paper denunciations have disturbed the public
mind and created disquictude among it'
propertied class, who are the holders of rents
and other securities. The French market has
affected our market somewhat to-day from
foregoing cablegram.
EARLY MORNING GOSSIP.
The bears in the market were considerably
bolder and more pronounced in their viewi
at tho Windsor hotel last evening, and pro
dicted lower prices for stocks before Satur
day with break in Denver to about A.
The bears were much encouraged and
elated over the weakness in Rock Island and
in Quincy. 1t was reported that Rock Island
had been sold down by Crandon, Ryerson, and
Robins and Robinson, but the order broker in
this stock affirmed that the buying had been
more than the selling,
Bears on the Chicago, Burlington and
Quincy had the old rumOr revived of u new
issue of stock, but the sales in the general
ma rket yesterday afternoon were mainly fol
short account.
Brokers say the money market showed that
there arc slugs of funds in our street now to
be had on call and time very cheap.
Sage says in his opinion, stocks are a pur-
chase on every reaction from present prices.
Mr.. Smith also thinks that prices are ground
western will soon lead in a marked improve
ment. Prominent bull houses are putting
their friends in St. Paul, and insisting that
indications all point toward n better market.
Mr.. Conuor said, last evening, that the
market had actually gained in prices for some
things as compared with Saturdays closing,
and the reaction that had been made would
doubtless bring in buyers.
Mr.. WOerishofler says he is bull on the
whole market, and so is Frank Work, who
says he bought stocks.
Lato this evening il is reported that Gould
caught CammaclS running and started too
Osborn and Smith, not wishing to he left
Joined in They excuse their sales on the story
of impending panic in Paris, owing to politi,
cal trouble.
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
~ 1. 4