National Republican. (Washington City (D.C.)) 1872-1888, 1883-04-05
THE MARKETS.
A Slightly Improved Feeling in the Stock
Exchange Yesterday.
Great Increase In the Earnings OF North
western Ronds-The Provision Trade
speoial Diaaleh.


NEW YORK, April 4.-Stocks opened strong |
but with little disposition to hesitate on the
Northwestern stocks, in which there was some
realizing. The general market became
stronger subsequently, and n considerable
gain was noted in railway bonds, in which
larger dealing were made than for some time
past. Seligman & Co. are bulling Western
Shore bonds for So, and report Europeans buy
ing literally of these and other American
bonds to-day, mainly for Germany. There
was reaction of / to 1 per cent. in the
general market just after 10 o'clock,
when trading became quicter. Money loaned
at to o, and Z per cent up to noon. Stocks
loaned ATTIC 8. Sterling exchange was quiet
and steady. All tho railways in the west
show heavy increase in earnings, especially
Northwest, st. Paul, Burlington, and Quincy,
and Rock Island. On tho second call very
strong improvement set in which carried
prices above the morning again. There was
very large trading, especially in Lackawanna,
which went to 1874. Afterward there was
another slight halt with money up to on
report from Washington that only about
three millions of bonds had been presented
under the May call. OF the Vanderbilt stocks
Michigan Central was the strongest to-day.
st. Paul rose II, Lackawanna IL, Western
Union I, Rhode Island 2, and the remainder
of list gained fractionally, except North
western and Central Pacific.
Money was quoted at per cent. $50 with
stocks firm.
The Union Pacific earnings in March show
an increase of 100000.
Nathan j. Morse, manager of Benjamin
Woods newspaper, the New York Erenng
Ne,rs, committed suicide to-day. He was
largo loser in stocks.
Sales of $4,000 of West Shore bonds arc
reported n. The report is that they will be
worth IS this summer.
Seligman & Co. report Frankfort, Germany,
buying West Shore bonds and other bonds
to-day. Money is very cheap in Frankfort,
lending at 81.
London is buying New York Central Wa
bash, preferred, and st. Paul.
1t is reported in tho stock board that there
Is a large short interest in Michigan Central
which is liable TO DO twisted.
Government bonds are steady, and only q
few are offering.
The following arc the mining stock quota
tons: Alice, 270 bid; Carb Hill, 115 to 100;
Taylor Plumas, 10 TO 49,; Consolidated Vir-
ginia, 80 to So; Southern Pacific, A to 9.
The market opened with full board and
rather excited, but with fewer orders to buy
than was expected. The largest trading was
in Northwestern. The buyers were Flower,
Bowler, aud A. c. King. The sellers were
Hughes and +. 7. Bogert.
In st. Paul traders were generally the
sellers. In Michigan Central Goicoiria bought
and Day and Heaton and Bennett sold
Body and Mcclellan bought most of the
Lackawanna. The sellers were Maurice and
Zerega.
Vanderbilt stocks are dull.
GENERAL GOSSIP.
II was reported on authority last evening
that the Northwestern railway earnings for
March would be over two millions, which was
regarded as unprecedented and surprising
even to its officials. The earnings for the
fourth week show n gain of over S150,000.
Vanderbilt brokers started the upward
movement in Northwestern yesterday, but
about 5000 shares of common were purchased
by the Woerishoiler shorts between 1879 and
1873. There is believed to be a big deal in the
Northwestern with some probability of n
spring "melon," and good deal higher
prices. The best class of room traders are
bullish on the general market and say if the
present movement is fairly maintained, the
outside public will come in inside of ten days.
rho fact that there were some indications
Joutside buying by commission brokers
,terday, but the largest purchases were by
lghtened shorts, who were surprised. Some
4 the largest traders on the bear side believe
he market is going up and Slayback, jane
son, and Johnes are of the same belief. A
good many dealers who are very conservative
Buy JnSrb may 10 TcuCIlOnS ana perlOuS OF
dizziness, but they expect to sec 10 points of
general advance by June To-
A very prominent official of the New York
Central railway says the March earnings of
all the Vanderbilt roads arc the largest on
record. Gossips in the street say there is
liable to be a change in Woerishofer's firm,
and that Sommerhof is likely to withdraw,
and he is tired of the bear side.
j. II. Mckinley, a stakeholder Of Denver,
has brougl ,uitagainst Woerishofli r nd other
Denver directors, claiming $4,000 damages
on false representations regarding the prop
erty, and Judge Donohoe has granted an order
for the examination of the defendants.
The Pennsylvania coal companies have de-
cided to stop production for tho last three
days of this week
LONDON, 1880 o'clock.-United States AVS
| higher and SIS lower; Erie advanced /,
| Illinois !, Pennsylvania Central /, Ontario
and Western /, Reading !, and New York
Central 1916.
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. 1dll street northwest:
N / "a