National Republican., 1883-04-07
THE MARKETS.
The LAMBS" Have Begun to Como in Again
and Business is Improving.
An Immense Short Interest Corncred-An
Advance In Prices.
GOSSIP OF THE STREET.
lcnrcldI DiSDqfcb.

GOSSIP OF THE STREET.
SDccidl Dispatch.
New YoRK, April 6.-The best informed
brokers last evening declared that Gould was
generally recognized as having been the
biggest buyer yesterday, and that close OBJ
servers saw his hand in the market. Gould's
friends say that this course is entirely con-
sistent with his sviews as expressed repeatedly.
Tho enormous covering of shorts was an i'm
portant feature of the trading, and the com
mission houses having special wires to the in.
terror say they bought moro stocks than in
any day this year. Some of the largest room
traders were expecting sharp reaction to.
day or tomorrow, and in anticipation
of this they sold out about half of their long
stocks before the closing, and expect to close
out the remainder this morning if they open
strong, because they don't believe tho outside
rumor of alleged great short interest in the
general market.
The professional traders certainly did feed
out great many long stocks yesterday after
noon, but the commission houses took them,
and profess to be indifferent TO the reactions
predicted.
The bulls say that Keene was forced TO
cover up u batch of shorts just after the Sec
ond call, it having found him large bor-
rover of stocks through Hocksher q Co., who
are known to be identified with his operations.
Woerishoner was also forced TO cover up u
line of shorts in Central Pacific.
Gould's people say he advises buying Texas
Pacific, and declares that the road Is earning
interest on land grants, and that IL will be
paid this year. IL was reported that North
ern Pacific would probably be put up this
morning.
Kuhn, Loci & Co. sold New York Central
yesterday, probably for arbitrage. They sold
$500 shares, seller go, and bought them back
regular. The advance in Erie has started Joe
Mills home, and he left Old Point for New
York yesterday morning.
1t is intimated that immediate improve
ment will be noticed in Memphis and Charles
ton and in Erie and Western if the market
holds up.
Stocks are lending at 6, except New York
Central, which lends at 8. Money is offered
at z. The market opened quiet, and subse-
quentlywa slightly easier. Freeman bought
the most Lake Shore. The sellers were II.
Wilson and @. p. Williams
Ferris and Kimball and Il. 7. Bogert sold
New York Central, l.. Marx sold Reading,
and +. T.. Trowbridge bought Lackawanna
was sold by Bogert and Maurac. Vermilye
bought. Van Emburgh bought most of the
st. Paul. Burras sold Reading and Pitts
burg.
Sterling is unchanged.
1t is learned from authoritative channels
that the earnings of New York Central and
Hudson River railway, from Oct. to April,
show an increase, in gross, of $3100,000, and
the Lake Shore earnings for the last two
months show gain of $l,050000. These are
the best earnings ever recorded for either
road.
A Philadelphia special says there Is very
large short interest reported in Northern
oil De-, l..... l,o.., La.
for New York account.
The coal trade Is exceedingly dull stocks
being in excess of the demand.
Indications point to higher prices. Tho
big operators are taking up stocks one after
another and advancing them with but little
effort. 1t is not unlikely that Northern
Pacific will advance this afternoon.
Government bonds are strong. Van EN-
burgh bought great many stocks this morn
ing and Kirkner sold.
A Chicago press dispatch says business in
financial and commercial circles was never
more active at opening Of April, and the
outlook is very promising. The railways are
doing very heavy business in freight and
passengers.
REVIEW OF THE DAY.
Stocks opened quiet and steady, subse-
quently growing very strong and by II o'clock
quotations were up to !. The latter is Mis-
souri, Pacific. At noon there was slight re-
action and slight falling of in trading An
immense short interest has been covered up
within day or two and o reaction was gen.
orally expected, but thus far it has been only
trihing. Van Emburgh returned good
many stocks this morning, and John Kirkner
covered his shorts to-day. Louis Bell sold
Union Pacific extensively this morning
Barnes Bros. bought Western Union. Henry
Clews bought the Southwesterns and Van
Emburgh bought St. Paul and Louisville and
Nashville. Freeman bought most of Lake
Shore Lackawanna was sold out to some ex-
tent by the pool through order brokers' and
this stock was not very strong, owing partly
to this fact and to report that the Pennsyl-
vania Coal companies will restrict mining
during the remainder of the spring TO the
demand. On the second call stocks were
stronger, especially Denver and Missouri Pa
cific 1t was reported that the Denver annual
report would be very favorable.
The East Tennessee stocks were strong and
led the fancies with rise of to Z. The
Vanderbilts were quiet. They report enor-
nous increases in Vanderbilt roads since
January last.
Stocks lent at 8, New York Central s.
Money was offered at z, finally declining to
per cent. Sterling is advancing, owing to the
improved feeling in stocks and the scarcity of
bills. Government bonds are strong.
In the last hour the market was less active,
Missouri Pacific, Denver, the Wabash stocks,
Kansas and Texas, and Texas Pacific were
most active The Vanderbilt stocks were
slightly below opening figures. In the con-
cluding half hour no material change occurred
from the above conditions, and the market
closed strong, though Off from tho highest
point Of the day.
LONDON, April 6-l2;3O.- st. Paul advanced
3-lG, Reading 3-16, Illinois !, Erie l.
The following figures show the visible sup
ply of grain at the dates named