National Republican., 1883-01-30
THE MARKETS.
A General Downward Tendency in Everything
Except Denver,
A Sharp Rally at Noon on Rumors OF n
Bull Movement.
MONDAY IN WALL STREET.
Snecfol Disunfcb


further remarked that there had simply been
big raid, but ne thought everything now
favored TO an advance
Osborn, Smith, and Scott continued to talk
bullish as ever, and were enthusiastic belev-
crs in an advance.
The Osborn people say st. Paul is going to
40 this week. Mr.. Smith predicts IL will sell
at 125 by next summer. A bull movement is
proposed in Nickel Pla to preferred, and the
promise is made to advance that stock 10 points
shortly. The parties interested predict 20
points rise this year, and say it will cross
Omaha common and pay dividend.
Mr. Johns said ho quit Saturday long of
the market because he saw Gould was buying
George Dickinson also turned bull and says
he will stay long from this time out until
summer. The other big room traders con-
tnuo bcarish and short of the market.
The bulls say bottom prices have been seen
until the end of February, and tho short in
tcrost has become very large. The feeling is
very bullish on Denver and it is predicted
that this stock will reach so to-day or to-mor-
row.
Street gossip says 1t was Woerishofler's
stock that broke Denver to A last week, and
that he sold 10000 shares through Seligman.
They also say the pool let the price go down
so as to take the stock back, and they now
hold more and are stronger than ever. Others
say it was Newcombe's stock which was sold
out thus.
Cammack is n wild bull on Denver, and
says it cannot be broken any sooner than the
Chemical bank, but says it is not true that
Wocrishoner sold out nor is there any foun-
dation for the story that Schcll, Scott g. Cas-
satt are going into Denvers directory.
Cammack believes in predictions of an ad-
vance in the market this week.
1t is reported the Cincinnati Enquirer peo-
pie are negotiating for the purchase Of the
New York World.
1t is also said that Vanderbilt has postponed |
his California trip.
In the London market New York Central |
was lower, Illinois higher, Pennsylvania
Central higher, Reading lower, Ontario |
and Western lower, and st. Paul common |
lower.
A Boston special says therc is strong |
probability that there win be severe contest |
at the Northern Pacific election this spring, |
and Gould will fight hard for control. He |
has been selling Northern Pacific down to get
it back cheap.
A Philadelphia dispatch says it is believed
there that the Pennsylvania railway is liable
to withdraw from the Trunk line pool owing
to Vanderbilt's extensions in opposition to
the Pennsylvania system.
A Paris dispatch says the bourse closed with
decidedly improved feeling, and rentes ad-
vanced go confines. i' ai 1>s .n.f.
Sterling exchange is steady to firm.
Boston dispatch says Sidney Dillon is a
registered stockholder of 10000 shares of
Union Pacifici Ames holds 10000 shares, S. J.
Tilden 10000, David Dows 10000, and Belden
nearly all his original holdings.
report is current that Vanderbilt, Gould,
Sage, Smith, Osborn, and other parties have
arranged for support to their various special
ties for nearly a 8 per cent rise, but Henry
Smith says he has not heard of it. He is a
bull, however, all the same.
1t is reported that A. j. Cassatt will prob
ably be the next president of Denver
London kilograms report funds easier owing
to the fact that French affairs are attracting
increased attention.
Foreign bankers here report that Frankfort
has been buying Denver bonds here this
morning but Amsterdam has sold Denver.
In the board stocks lend at 3, Union Pacific
at ! to 2. Money is offered at d. Currency
is coming in from New Orleans and Galveston.
The largest sellers of Northwestern this
morning We're Randall and Wierman, Tyson,
Stephens, and Osborn's brokers.
Government bonds are steady and new
bonds strong.
Russell Sage predicts that the market will
be per cent. up by Saturday night.
The room traders are generally bullish.
Boston people bought good deal of Union
Pacific to-day.
The opening was weak and there was n
downward tendency except in Denver, which
reached 5lA ON large transactions. North
west common was weak and declined IL, and
Union Pacific and Omaha common and pre.
ferrea ,9ecliiI.ed | point splipwesterns and
New Jersey Central, also Louisville and Nash.
willie, declined to per cent, and Wander.
bilts reached h.
There was a sharp rally In the general mar
ket about noon, ON report that the epromincnt
operators had agreed TO sustain continued
advance this week
On the second call portion Of the improve
ment was lost, but the market yielded slowly. J
Erie stinencd to 800 ON the purchase of about Z
10000 shares by Kuickerbockcr & Co., sun.
posed TO be for the Mills party.
Money lent at 4, and ON six months time !
offered at a. Stocks lent at 3, and Union Pa I
iific was In demand but lent fat. ]
Early In the last hour the general market !
strengthened, particularly Northwestern, 3
axe Shore, Louisville and Nashville, Union
Pacific, st. Paul common, and Denver, but the s
rading was very duh.
Notwithstanding the robust bull talk of y
The morning, the market for tho opening day IA
Of the wocl, was characterized by the same 4
general conditions which have maintained
'inoe the beginning Of the year, cannibalism
q a greater or less extent being the prevail. I
ng feature. The public, while manifestinp q
ome languid interest in the process Of re- \
'iproeal mastication stoidly refuses TO sub Z
nit itself as substitute therein for either y
bulls or bears. /
While every one has pet theory as TO the \
'ause Of this condition Of affairs, no man ap- )
'ears able to suggest an effective panaoea. IL y
probable, however that the steadily in- q
reasing complication Of corporate property, q
INVOLVING, as II does, embarrassing litigation, 5,
Q one Of the more important factors in caus- \
ng anxiety among insiders to unload upon p
as it certainly is chief reason for Y