National Republican., 1883-06-21
THE MARKETS.
The Chicago Difficulties Still Exercising a De-
pressing Influence on Wall Street.
a Considerable Decline In the General List
- Slight Improvement at the Close.
WALL STREET GOSSIP.

largest operators on the bull side, who declare
that the decline in breadstuffs, provisions,
and foreign exchange will quickly turn the
balance of trade in favor of America. In
view of the disturbances and hammering of
the market, tho leaders who favor higher
market said this morning that stocks had
held their own we'll, and they thought the
lowest prices were touched yesterday. Os-
born's people continued very bullish on st.
Paul and Northwest, and there was n general
expectation In we'll informed circles that
Northwest would make a stock dividend this
summer. The feeling on the coalers, espe-
cially Lackawanna (which it is predicted will
go to 1907, is very bullish. It is reported
that Davis johnson bought 10000 shares of
Iackawanna yesterday. II is admitted that
the best class of stocks are in strong hands,
abundantly able to hold them. Lon
don bought stocks here yesterday, and
the foreign houses bought Erie aud
Wabash preferred for that market. The buy
ing of Northern Pacific was also excellent.
and the leaders in the stock declare it would
go higher this week The Western Union
decision was not delivered yesterday. 1t is
now expected next Tuesday. Gould said yes
terday that he had received n dispatch saying
there had been no interruption to Missouri
press kilograms say break has occurred, and
the Nebraska extension of tho Missouri Pa
cifc has lost all its bridg S. The Philadel-
phia advices regarding the probable control
of the Lehigh Valley by the Pennsylvania
Central are contradictory as ever.
The market is fairly steady. Stocks loaned
at 2, Jersey at /, money Mt ~. The German
houses bought about 10000 shares of Erie this
morning. Ryerson and Bool bought the bulk
of Delaware and Lackawanna, and the room
traders sold il. Prince aud Whiteley bought
Reading. o. M. Bagert sold Union Pacific,
and l.. il. White sold Western Union. Slay-
back and William Bird have been the largest
sellers of New York Central. The main
sellers this morning have been the small
traders on the bear side. Western kilograms
report fine weather in the west Chicago ad-
vices report little uneasness No one is
reported in trouble, and the contracts are
getting pretty well margined. meeting of
the Northern Pacific directors will be held
to-day to take action and bid for a million
acres of land.
Reports from Chicago are very discouraging.
Two more failures are announced and gem
orally believed though no names are given.
The feeling in Chicago is very unsettled and
has caused the weakness in stocks.
The principal dealings in the hour and
half between 1890 and . o'clock, were in
Lackawanna at 1878, !, 4; Jersey Central at
SGT, "a, S5t, s43 S5A; Reading at 57s, 56s,
57i; Western Union at SGT, $50, SGT Lake
Shore at 110i 109s, 110t; st. Paul at 10ls,
1881, 104 Union Pacific at 94l, 81, 94s Louis
vile &Nashville at 512, 50y, 51t Erie at 37l,
81, SIT; Central Pacific, 75b, 74s, &; New York
Central at 1l9i, 119t, I Kansas and Texas
S5s, S45, S54 Northern Pacific ut 514, Z, ! 4;
preferred at S9Y, 50, 90 Northwestern at
1921, 1919, 1928; Denver at 46l, 1, 4; Mis-
souri, Pacific at 1929, 10l9, 102; Wabash at
304, 294, 29i preferred at 44i, 432, AT Rock
Island at 124t, 2234, 124 '.'iE
The receipts of breadstuffs at New York
to-day were 1881 barrels of flour, 1000
bushels of wheat, 0,422 bushels of corn, and
$500 bushels of oats.
The inspection of grain in Chicago to-day
was 0 cars of winter wheat, IA cars of spring
wheat, 295 cars of corn, and 127 cars of oats
At Liverpool to-day pork was Is. per barrel
lower, lard Is. per cwt. and bacon Cd. per cwt.
lower. -t..-
A comparison of prices in Chicagolht 11:30
q. m. with the closing prices of yesterday
shows the following changes: July
wheat &c. lower at 1854, August &C. lower
at 1913, September 4c. lower at 109s
year 4c. lower at 1044. July corn Rc.
over at 53s, August &c.. lower at 545,
September &c lower at 54sc, year sc higher at
49c. July pork 42lc lower at 1854, August
323c lower at 1896, September 20c lower at
1710, year 12lc lower at 15.124. July lard
loo lower at $50, August unchanged at $40,
September &c higher ut $50.
kAThe oil market was firmer this morning,
and the price of certificates advanced to 1853,
but reacted to 114i@1142. The dealings
were on a large SCALE the total sales up to
noon being about 1900, 900 barrels.
LONDON, 12:30.-United States bonds uu-
changed. New York Central, lower; Illinois,
lower; Reading, 4 lower; Pennsylvania
Central, l lower; Ontario and Western, /
Iii
changed; Wabash preferred, lower; Lake
Shore, lower; Louisville and Nashville, .
lower
The market opened fairly steady at about
yesterdays closing, but soon became weak
and unsettled. st Paul, Delaware and Lack
awanna, Jersey, Reading, Telegraph, and
Louisville showed decline in the first half
hour of 1 to 2, Reading and Central Pacific
suffering worst, Afterwards there was n
fractional recovery, but the feeling was one
of uncertainty and caution. Eric was we'll
sustained, the Germans buying 10000 shares
in the early dealings.
Stocks loaned at 2; Jersey at / money at
"a sterling dull government bonds firm;
IS in demand at l03s and n few Offering at l0i.
At noon the general market became very
weak and declined TO 1.-THE latter figures
on Northwest and New York Central. The
room traders, led by Slayback and Bird, ham
mered New York Central while the main
selling on the general list came from board
orders. The market was heaviest on the sec
ond CALL and prices declined further 1 to Il
per cent. Jersey declined ~ per cent The
room traders appeared TO kick the market as
they pleased.
Two more failures arc reported in Chicago,
and there is some apprehension of bank
disasters.
Later there was rally to It per cent,
and il was reported that II. ii. Parks & Co.
had resumed payment In full
After 2:l5 the dealings were small, but the
maket retained o considerable portion of the
rally after the second call
At 2;30, and from that till the close, the
market was dull, and prices fairly steady at
the decline.
There was n somewhat better feeling at the
close and prices improved fractionally, clos
ing stronger
Roland Bruce, No, 81 Broadway, furnishes
the following figures showing the visible
supply of grain Wheat 6,l35,269, increase
past week, 140,975; corn, 3,05l ,597, decrease
past week, 555, ,440 oats, 452, ,329 decrease
past week, 70490.
"A sovERSHENT honda
United states 4, I9s,S ;;s.
United States 4'ss, 1891 coupon .....-.. ll2A ll3
United states %, 1907, registered ......- ls8 no
nnlted states Is, lOJI, coupon lOB ~
lhlled States luts lOl
iSAShenkos'''' foo2aV9 fo0
STATE BONDS
eeorsia 8, m9Tt,..-.. "a q aoniSndaDe.,, sji
Ien,ssna s, Isonsois ~ Y ~ ~