National Republican., 1883-06-16
THE MARKETS.
A Day Of Very Active Trading in the Wall
Street Stock Exchange.
A Generally Strong Market Slightly
Weakening ut the Close.
GOSSIP OF THE DAY.
.Specidi Dfspdfch.

New YORK, June 15.--Several of the largest
bull operators said that the closing yesterday
was very satisfactory, and the market showed
very strong undertone. The brokers re-
ported that nearly all the big traders sold
during the day and realized pretty literally
before the end, but the public bought heavily
and tho commission houses purchased largely,
consequently tho indications favor higher
prices to-day. The room traders got nipped
short of the market when the gong sounded,
but the big bull leaders say they care little
for this interest as it quickly runs to cover
The advance in Northwestern common, just
at the close, was caused by tho shorts covering
Lawyers who have examined the Leo
Union Pacific lease say that the company is
almost sure to win on the evidence. 1t was
the room traders who attacked Union Pacific
yesterday afternoon, mainly owing to the
weakness in Central Pacific buy only 1000
shares of stock were really sold. Strong par
ties are buying Texas Pacific for ten points
advance. The Texas crops are being har-
vested in fine shape.
Mr.. RIP. Flower telegraphs that he is return
ing from an extended trip in the west, south
west, and northwest, and ho never saw crops
in a better condition than now. Tho weather
is clear and pleasant; no rain during the night.
The loaning rate for stocks is about q;
Jersey, fiat to 10; ; money Is offered at ~.
Lake Shore was the leading stock and was
bought by Davis, Telison & Co., Demott, Petor
Kissam, and Fairchild. Tho sellers were
Drummond, Won, Hoffman, and Attorburg:
III. s. Wilson & Co. bought 5000 shares of
Reading; Henry Bros. sold the same, with
other sellers scattering. Flower & Co. bought
Texas Pacific; in st. Paul Wadsworth q
Hughes bought and Kirkner and IL. |.
Nicholas sold. Maplesden bought 1000 shares
New York Central and Dickcnson sold. Won
Hoffman sold largely of Erie l. s. White
bought.
The largest buyers of Delaware, Lacka-
wanna and Western were Wallace Amory,
Bouvier, and Shack. The Chicago Tribune
this morning says crop news is good.
Illinois will produce the largest oat crop ever
known there.
Brokers report bearish feeling to some ex-
tent in the board on Union Pacific and Cen
tral Pacific, probably originating with the
shorts.
The order broker in Western Union says
insiders appear disposed to sell the stock.
Governments are steady. Sterling is dull
and nominal. A line of seventy thousand
pounds of Kidder's bills were sold yesterday
from second hands at 455l and interest.
Mr.. Gould is selling puts on Wabash COM
mon at 30, thirty days, at per cent. l.. l..
White bought 5000 shares of Reading.
The bulls on Lake Shore predict 100 for it
before the next dividend. The largest buyers
of Lake Shore to-day were Davis, Tileson &
Co., and the largest sellers Van Embergh and
Atterburg.
Ryan bought most of New York Central
and George +. Dickinson was the heaviest
seller.
]. r. Lockwood bought northwest, and
Sweet was the seller.
sNa1 kaAa
bonds unchanged, Erie I higher, New York
Central unchanged, Wabash preferred higher,
st. Paul II higher, Louisville and Nashville
unchanged, Illinois higher, Pennsylvania
Central higher.
Tho market again opened strong, with
Morgan, Smith, and the Vanderbilt crowd
buying Lake Shore, and considerable trading
in Northwestern, Canada Pacific, and Read
ing. Prices rose TO per cent in the first
hour Northwestern advancing most.
The brokers reported a bearish feeling in
Union Pacific and Central Pacific.
In the early dealings Western Union, after
opening lower, advanced to IS, reacting
again to the opening, under free offerings by
inside parties.
About noon a reaction set in, and prices in
some stocks were at the opening figures.
Union Pacific and Central Pacific, assisted by
Jersey, Delaware, Lackawanna, and st.
Paul, figured in the decline. At
that time the market seemed TO be
heavy, and it was rumored that the bulls had
been selling the market.
The strongest stocks were the Wabashes
and Reading, the latter selling at 61b.
Sterling exchange in the morning was dull,
and later in the day declined J from the
opening figures On the second call the de-
cline was suddenly checked, and the market
advanced led by the Wabash stock and
Missouri Pacific.
1t was said that Gould was selling puts on
the Wabash at 20 for 80 days for 1 per
cent.
The Western crop reports are of the most
favorable character, especially from Illinois.
The recovery ON the second call brought
prices up to the highest quotations of the
day, the large buying and firmness of Read
ing being the feature.
Mr. Sage raised his limit this afternoon on
his Wabash puts for thirty days TO 80. In
the last hour the market was dull and frac-
tionally lower, the only strongafeatures being
the Wabashes.
Stocks lent at 2; Jersey Central fat to 1-64
and interest.
The market closed a trifle weaker undor
realizing by the room traders.
STOCKS.
Tho 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. 14ll + street northwest:
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