National Republican., 1883-02-03
THE MARKETS.
Prices Still on the Down Grade Throughout
the Entire List
And Still the Blg Operators Profess 20
Believe i'm an Advance.
REVIEW.
cDecidi DisDdtch.

S1lCCtW DteptUC0
NEW YORK, Feb 2.-!The opening was weak
and lower. st. Paul common was especially
heavy, and fell II per cent. on q report that
the pool had busted. The largest sellers of
st. Paul was William Coombs, Van Emburgh,
and Osborn & Co. Keene covered some
shorts. Omaha preferred dropped u, and it
was rumored that the Northwestern people,
who have assumed control find that divi-
dends have been paid entirely from land
sales and not from actual earnings.
Lake Shore yielded about }, and the Van
dcrbilts were sustained fairly, and partly by
European purchases.
Keone was reported large seller of Texas
Pacific and Kansas and Texas, but the decline
of these stocks was unimportant Telegraph
declined J. Northwest was vdry heavy on re-
ports of severe weather and n heavy fall of
snow. st. Paul common likewise fell in SYM
pathy. Stocks lent at 3; New York Central
and Lake Shore at Q. Money lent at to 81.
Government bonds were steady; exchange
firm, with light supply.
At . u. IN. the whole stock market was
weak Lake Shore touching 81, Michigan Cen
trail 05, and New York Central 1851. Denver
was about the best sustained stock, but fell
ono point to-day. Late in the last hour there
was n rally of / to per cent. and the raid ap-
pearcd u have ended for the day.
The market closed dull, showing rally of
from ! to from the lowest prices Of the day.
The market is very unsettled. There seems
to be considerable amount of unnecessary
apprehension on the part of Wall street re-
garding the failure of the passage of the
whisky bill. BY reference to the last report
of Commissioner Raum 1t will be seen that
on Feb. 9 the tax to be paid on whisky in
bond amounts to less than 100000, March g
less than $1,0O0,0O0, so that there is no great
danger should the bill go over until later
in the month.
The fact is the money and influence ofWall
street has not been able to advance stocks, and
sJme of the insiders arc getting tired. Rumor
says it is the Vanderbilt boys this time.
Government bonds arc steady, and dealers
are waiting to see the effects of the call.
pool is buying Jersey Central, and it is
reported that an application will be made to-
morrow to remove the receiver.
Scott has resigned from Union Pacific.
The short interest was considerably in
creased to-day, and there was n fair demand
for stocks in the loan crowd this morning.
Chicago dispatches say the snowstorm con-
tinues, and the weather is intensely cold.
1t is reported that the Vanderbilts have
bought 10000 shares of Illinois Central in the
past two days.
An Albany special says the bill has been
favorably reported for putting the telegraph
lines underground in large cities
"wHAT THEY PROMISED IN THE MORNING"
The large operators, whose opinions on the
market have ever been worth heeding con-
tinue to talk bullish on the situation.
Mr.. Sage and the Gould following still have
confidence in better market, and say they
expect higher prices by Saturday night.
Mr.. Smith thinks there never was so little
in the situation to base selling movement
upon as now, but supposcs the selling furore
will continue until it runs itself out
Lake Shore and Northwestern have been
severely hammered and so has Delaware and
Lackawanna, and the short interest in North
western has become immense. Cammack says
he has not changed position; has no interest
in the market except in Denver, which will
be very high in the future.
Conservative commission brokers say there
was good buying of stocks yesterday on the
reaction, and but little suspicious selling. The
bulls report the general short interest larger
than before in three months, and they don't
believe the Vanderbits have been selling.
The earning of the Canada Southern and
Michigan Central roads show an increase on
three weeks in January of S275,000.
Mr.. Gould thought last evening that the
reduction in telegraph rates did not amount
to much, the new lines not getting much
business. Gould said he bought Union Pa
cifc stock and others yesterday.
1t is announced that the Chicago, Burling-
ton, and Quincy has decided to run its Cali
fornia business from Denver to Ogden over
the new Denver extension.
1t is reported that Mr.. Gould is going on
trip to the southwest soon.
London, 1230.-Erie declined t, New York
Central l, Illinois Z, Reading 4, and Ontario
and Western !.
STOCKS.
The following are the opening, highest,
lowest, and closing prices of the principal
stocks for the day, as corrected by special wire
rcnOrts received by Bateman & CO. han kprs