National Republican., 1883-01-01
THE MARKETS.
The Holiday Influence Still Holds Sway in
Wall Street
Few Pointers, indicating What May OF
May Not Happen In Future.
A HAPPY New Year TO the bulls and the
bears. May they never be stuck in the stocks.

bears. May they never be stuck in the stocks.
THE DAY IN WALL STREET.
Special Dispach
NEW YoRK, Dec 30.--Stocks opened with
out especial changes. Mr.. Keene's brokers
were buyers Of many securities. Later these
stocks were thrown over again. and from IL
o'clock to 1 the tendency was steadily down
ward on a dull market. This decline was
expected, and was charged to Keenc, on ac-
count of his puts coming due at 2 p. m. On
the second call the trading continued very
light; Vauderbilts stocks were especially
dull and heavy. Burlington and Quincy, also
Rock Island declined / TO points. Money
loaned early at 8 TO 6, later at g. Stocks
loaned at to g. 1t was remarked that there
was some increase in the short interest to-day.
The bank statement showed a decrease in
reserves of 81 ,s960OO.
Mr. Riddle, president Of the Rock Island
railway, telegraphed to Mr.. Gould to-day that
roads of the northwest.
After 215 stocks were dull and inclined to
decline, especially the Grangers.
1t was stated last evening that differences
have existed for some time between the Union
Pacific and Chicago Burlington and Quincy
railways, and that the latter was endeayoring
to purchase a controlling interest in Denver
in order to secure traffic between Denver and
Salt Lake.
Sterling was very dull. Some look for amore
active market exchange next week. Sage tells
his friends to buy southwestern stocks. Mr..
Smith says there is no foundation for the story
oJ I,- hat ha ,o ali
stocks. He believes next week will show a
strong market, and meantime he is resting.
Early in the day stocks loaned at to 6li
Denver and st. Paul at 3; Illinois Central at
3, and Chicago, Burlington, and Quincy at
to 4; money at 8 to 6.
Boston parties sold Chicago, Burlington,
and Quiency this morning.
There was a large borrowing demand for
Denver
Brokers say Osborn has been a big buyer
this morning Of the general market, and his
brokers could bo traced in every crowd
One broker bought all the Delaware and
Lackawanna at 12s.
The general feeling in the room is that
there will be higher and moro active market
Tuesday, as there's nothing left to sell stocks
on.
The North Pacific people say they have re.
ceived direct and positive bid for 100000
acres of its lands, being portion Of its tract
east of Missouri river, the proposition comes
from syndicate of ten, who will pay for the
property in North Pacific preferred stock.
private dispatch from Chicago says the
presidents of the southwestern roads have
arrived at satisfactory arrangements without
pooling passenger traffic interests. The meet
ing adjourned sine die.
Government bonds were frmer, and AS and
4l's were in better demand.
Cash bonds are wanted to close the year
The new bonds are more freely offered.
II. A. Bostwick has sold his seat in tho
board for $4,000. Bostwick was an old mem
Der, and his membership cost only $500.
The bank statement makes the following
showing:
Loan increase 81 ,206 sot
specie decrense .......''.'''''.'.....'' l,O2lsW
Legal tender decrease. .................. ll3N
Deposit increase. .......................... Sll1W
Circulation decrease. 53760t
Reserve decrease. e....'...,.-...'......... l,o9oU'
The banks hold in excess $3, ,375, 400.
Mr.. Smith has not changed position, and il
indifferent TO temporary fluctuations
A strong pool is buying Northern Pacific
common, supposed to be for Oregon Tnnscon
tinental party, and Mr.. Quincy has bought
about 1900 shares during the past week.
The Denver combination is very strong, and
confident of putting the stock higher.
In support of this theory, and the fact that
G. j. Osborn & Co. have been large buyers o.
Denver, was alluded to in confirmation of the
report, also the fact that Gould was out o
Union Pacific and short of stock, also said in
siders had been selling Chicago, Burlington
and Quincy in large amounts for several days
Canmack is reported to be buying Denver
Noerishofier and Keene are heavily short, but
some largo blocks were covered yesterday.
Gould's brokers are giving points to sell
Union Pacific.
LONDON Saturday, 230 p. m.--Bonds were
unchanged American railways irregular
Erie close 4; Illinois II, and Readingt New
York Central declined II Ontario l. and st
Paul fs
FINANCIAL REVIEW OF THE WEEK.
But little change has taken place in the
financial situation this week. The usual holi
day dullness has been the main feature. Early
in the week Denver and Rio Grande was
heavily attacked and forced TO near the lowest
price. After the raid good buying began and
continued up to Friday.
The Western Union company has been
playing the leading part in the financial
drama during the week, and the different
courts in the dlucrent states seemed 10 Dt
anxious to see who could issue the largest
number of iniunctions againt the company
The fact that they anticipated their dividend
eighteen days before due rather weakened
than strengthened the stock.
The exchange market is now so heavy that
we can very soon look for gold ship
ments from abroad TO pay for oui
heavy exports. Our exports for the last
week were SLs55123 against $4613,132 last
year at same time. Tho great feature of the
last of the week was the weakness of the
Trunk line stocks, with the close of the year
The bulls predict higher prices soon after New
Years for the following reasons Very heavy
railroad earnings; large exports; gold ship
ments in the near future, and easy money
The "bearsn predict lower prices fol
what they consider good reasons First
business is not satisfactory in commercial cir.
clers Second, the country is overloaded
with non-dvidend paying securities. Third
the public have lost confidence in railway se'
curities With these facts the speculatol
can take his choice.
STOCKS.
The following are the opening, highest
lowest and closing prices Of the principal
stocks for the day, as corrected by special wir,
reports received by Bateman & Co., bankers
u