National Republican., 1883-05-17
GOSSIP OF THE STREET.
gDeciaI DfsDdfch.

Special Dispdtch
New YORK, May 16.--The conservative
brokers say that there was some good buying
orders yesterday, and tho indications strongly
point toward higher prices. Mr. Vanderbilt
was heard from in London, and large holders
of Now York Central and Lake Shore expect
to see higher prices soon, New Jersey Gem
trail is also booked for n sharp advance this
week. Gould Is reported as buying Lacka-
wanna The Lackawanna railway is accused
of selling emigrant tickets at cut rates, but
IL is expected IL will stop IL Immediately.
The room traders are long of the market
Charles Johnes said he believed stocks were
now at bottom prices. The large sales of
Oregon Transcontinental were said to have
been by Woerishoefior, who is to be left out
of the direction. Brokers report sthe short
interest still very large, The Oregon Transcon-
tinental stock unloaded by Woerishoeffer was
estimated at 10000 shares most Of which was
taken by the Mills-Vilard people Vice
President Stewart and Mccullough, of tho
Pennsylvania Central, say the trunk line
conferences yesterday were entirely harmo-
nious. Gould was at the Windsor hotel last
evening, and expressed belief In steady
improving market and gain in values. He
was conservative bull, aud said everything
was bright outside Of Wall street. Sidney
Dillon said there was no truth in the rumors
tnhL AmsJeruam nAu retuscu tne collateral
trust bonds. He said these securities have
been bought and paid for. The Albany Jour
nal says: Gould got a bill passed. which will
prevent injunctions in this state restraining
cash dividends by corporations sued in court.
The Louisville and Nashville people say their
May earnings thus far are ahead of any pre-
vious year, and the June interest has al
ready been remitted here.
Railway bonds are active. West Shore
were mostly dealt in at unchanged prices.
A. Leo is the main buyer of Union Pacific,
with scattering sellers. Watts bought most
OF Lake Shore, Hillyer, Walsh, Kirkner, and
Bissell bought Lake Shore. The sellers were
Peter Kssam and Campbell. In New York
Central Bissell bought and Oracle sold. Very
little is doing in New York Central. In
Lackawanna the buyers were Davis, Peters,
and Pell. Sterling is unchangeds Nat
Hunting and Enos & Co. are selling Union
Pacific.
At noon the market was strengthened by
Chicago reports of decline in wheat Of II
cents and big crop. 1t is reported to-day
that the railway troubles are finally settled.
Government bonds are in good demand for
small lots.
The Woerishoefer party are selling Wabash
preferred.
At special meeting of the Hannibal and
st. 10 railway to-day the old board resigned,
the following directors retiring: Jay Gould,
George Gould, Sage, Humphreys, Dillon,
Dowd, Judd Payne, Coolidge, and Forbes. 1t
is expected William Dowd will be reelected
president
REVIEW.
Tho market opened irregular, with an ad-
vance of to /, except Wabash preferred
which was especially soft under free selling
by Woerishoeffer and the Germans following
Woerishoefier tells his friends that Wabash
preferred is no better than the common. The
market strengthened at noon on reports of a
break in wheat in Chicago and on reports OF
big crops and rumors of settlement Of the
trunk line differences. The early dealings in
Sake Shore were at improved prices Loan
ing rates for stocks we're 3, except New York
Central, which was 1 to 2; money, 3 to 4 !;
governments were in good demand for small
lots; ; sterling unchanged
On the second call the general market was
weaker under the decline of Wabash stocks,
which touched the lowest prices within three
years.
The common dropped to 262 and the pre-
ferred to 43. Telegraph was also weak and
fell to S2s. Missouri Pacific declined to 1929,
and Texas Pacific to SIT. Tho Gould stocks
all declined to-day, and IL was reported they
were made weak by Gould and Connor to buy
the remainder of the market. At 2 p. m. the
general list was steady and hardening the
Wabashes remaining soft. At 2:45 the market
was dull and quiet.
Money closed at %.
The market has been one of pure manipu-
lation to-day. Weak spots were found and
battered down. 1t is reasonable to look for n
decided reaction tomorrow or next day. The
market closed weak undor pressure to liqui-
date.
LONDON, 1890 p. m.-United States As are Z
higher; Erie 2s, higher; New York Central,
4; Pennsylvania, /; Reading 4; Ontario and
Western, d; Erie, 1-16 st. Paul, unchanged.
STOCKS.
The fOllOwinp ara fha nnanino bfobast
lowest, and closing prices OF the principal
stocks for the day, as corrected by special wire
reports received by Bateman & Co., bankers,
No. 1411 + street northwest: