National Republican., 1883-10-04
THE MARKETS.
Reports Of More or Less "Thimble Rigging"
\ on Wall Street
A Big Block OF Western Union stock TO
Be Taken TO London.
GOSSIP.
SnfclnL Diapnlch.

blush. because of weak and Indifferent clos
ing, but there was nothing of specially bear
ish character. Cammack & Smith say they
are doing little in the market, but tits known
that Cammack is bulling West Shore bonds.
w. l.. Scott returned west Monday. Before
leaving he said no had sold out and
shouldn't try to bull stocks again this
year, and thought that the elections
and congress wouldn't have n favorable
influence. Osborne is suffering from vertigo,
and leaves for fornights rest in Maryland.
The brokers say that Woercshoefier was the
largest seller of Lake Shore and the Nillards
yesterday afternoon, and Osborne's Office also
sold considerable Gould's trip next week to
the southwest has a depressing effect upon the
Gould stocks, and the traders are dislnclincd
to deal in them until his return. Tho report
is repeated that the Northwestern has been
selling its treasury stock, and the story begins
TO find believers.
One of the largest and boldest room traders
said last night he knew the company had
sold 10000 shares, and had 500 still to sell.
On the other hand, Mr. Sykes yesterday
assured stockholder that this company had
sold but 1000 shares of its stock in a year,
and this had been done to pay of small
amount of 8 per cent. bonds outstanding.
1t is reported tho western capitalist who
recently liquidated extensively here was Mr.
Huffman.
J. G.. Mills believes that the Northern
Pacific stocks are going much lower. Mills's
friends say he lost 100000 on the long side
of these stocks, and from this they believe
the report that d. o. Mills is out Of his
stock.
Young Mr.. Field leaves London for New
York on the sixth, and, it is believed, will ar
range for listing Western Union before he
leaves London.
Gowen, of the Reading, was in New York
yesterday arranging for the letting of con-
tracts to dig seven tunnels for the new Pitts
burg road Of the Reading, The grading will
begin in the spring.
WALL STREET.
New York weather clear and pleasant.
On the opening, Wing sold 1900 Northern
Pacific common; Scranton Il Willard and Il.
King, ir., 1000 shares each, and the other
sellers were Slayback and Elliott. Nande-
venter sold 1000 Oregon Transcontinental,
and Hughes also sold. Tho main selling of
Northern Pacific looked like Woereshoeifer,
but some thought Decker-Howe were SELL
ing long stocks. The Wizards weakened the
whole market Josophson sold tho most
Lake Shore, and De CoIdova bought Jami-
son, Smith & Cotting sold Lake Shore, and
Hillyer bought, In st. Paul, Brownell and
Landon bought; sellers were L. Calm 81 Co.
and Ellery Prince & Whitley sold Western
Union; buyers were scattering. Henderson
bought Michigan Central; the sellers wero
Cole and Reed 4 Stafford. Stocks loaning at
yesterdays rate; money less firm at 2 to 81.
1t is reported there is great deal of thin
Bile rigging going on in the market, which
shows evidence of being largely oversod from
hammering. There is no doubt Woerishoetler
and his following are now quietly picking up
stocks. Room traders are disposed to play
upon long side and expect improvement.
Mr.. Gowen says Reading earned II per cent.
net in September.
,,1-oN, 1 lox
Woereshooffer continued selling the Viii
lard's with great confidence up to o'clock,
and some long stock has come from small
bull houses. One concern sold out 5000
North Pacific stocks this forenoon (which
showed loss of 10 points.
The Vanderbilts are soft, but no selling eX-
cept by Woereshoeler and Cammack. The
Vanderbilt people think the German party
are endeavoring to get control of the Mich-
gan Central to serve as Chicago connection
for the West Shore when completed
to Buffalo. 1t is explained that
controls the property which at q cost OF
$7000,000 would enable the Western Shore
clique to own a road from Buffalo to Chicago
which could not be constructed for three
times that amount. Nothing positive has yet
been decided about the sort of a bond which
will be issued by the Northern Pacific com
pany, but it Is probable it will be n debentine
oppose second mortgage. The floating debt
is about $9000,000.
1t is reported that a block of $4,000 shares
of Western Union will be taken in London
now that the decision has been rendered in
favor of the company.
The new directors of Louisville and Nash
Vile elected to-day were Gould, Sage, and
T. +. Ryan (of the banking firm Lee, Ryan
& Warren, of William street,
REVIEW.
On the opening the room traders had the
whole list on the anvil but Jersey, New
York Central, Louisville, Reading, and Della,
ware and Lackawanna stood the hammering
best. The boldcst and best selling was of the
Wizards, which yielded II per cent, and by
some it was said to come from tho Woerls-
hotter party, while by Others it was alleged
that Decker & Howell were selling long stock
The weakness of the Wizards had depres,
sing effect on the remainder of the list, which
sympathized to some extent. At IL o'clock
prices were invariably below tho final quota.
tons yesterday, though not to the extent of ]
per cent, except for the Wizards.
Money to %. Stocks lent at yesterdays
rate. Sterling dull and weak. Governments
steady, with rather better offerings. Later
in the day sterling red uced to 1872 to g. The
Vanderbilts were soft, but there was no sell.
ing aside from that by Cammack and Woer.
lshoefier. Between II and 2 o'clock the
market was very weak, and the Wizards
y further declined / to Z. Tho Omaha prop.
I critics were weak features, and show decline
OF II TO from the opening. Reading was
strong. symptoms of arally were perceptible
at 2:l5 p. m, but the fractional did not hold
and, though the final half hour was very
active, the market closed weak enough to
satisfy the most savage bear.
Closing prices of the most active stocks, as
compared with yesterday, show the following
changes Advanced-Ohio Central, /. De.
clined--Western Union, 4 Chicago, Burling.
ton and Quincy, ! Central Pacific, J New
York Central J /; Erie, I; Michigan Central
Z; Lake Shore, 4 Louisville and Nashville,
Northwestern, II; Union Pacific, q: Jersey
Central, &; st. Paul, I; Wabash h preferred
81 Missouri Pacific Denver, Delaware
and Lackawanna, Oregon Transcontinen
tal %; Northern Pacific, IL; preferred, 3
Canada Southern III Kansas and Texas, II
Canada Pacific, 4 Reading, Pacific Mail
I Rochester and Pitt5burg L,
LONDON, 12:30-United States As higher
AS, lower; Erie, lower Now York Cen
tral, lower; Reading, / lower; Pennsylya
mia Central, lower; ST, Paul, lower.
GovERSMENT BoNps.
ND, asked
United States AS, 1921, rcgiatered -... llass 1l3
United States 46s. 1891, coupon ........ ll3s ll3l
United States Is 1907 Registered ,,.....- ll0td le0
United States 49, lJI counOn IVA I'D
lhlled Slhes luOa .,,u
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