National Republican., 1883-02-15
THE DAY IN WALL STREET.
GnrcfnI Dlenntch.

GOulu \ l1enuS CANNED ne was very bulliSh.
Tho announcement of tn removal of the re-
ceivcr of the Reading railway had no beno-
fetal effect and the stock weakened on the
news reaching the board. Upto / o'clock the
market had chilly and neglected appear
ance, and the public were holding further
of than ever 1t is given out constantly
that large traders are accumulating
stocks, and some Of them arc but they don't
relish the operation very much. Commits
sion brokers say the outflow of long stocks il
more of u drizzlc than shower, and il is oc-
casionally but squirt. The market appears
to be II traders market on descending plane
Stocks wore loaning to-day al 3, except New
York Central, which lent dat money at 4 to
49,
On the second call stocks were very dull
Wabash stocks were pressed for sale on flood
reports from the west. After 2:15 p. m. the
general list slightly improved, Illinois Gem
trail rising point on rumors of extra dividends
in Chicago st. Louis and New Orleans stock
Tho market closed dull and uninteresting
Rufus Hatch would say Tho paaphrase
may be somewhat forced but that "to-nor-
row and tomorrow and bull tomorrow
hardly ever comes" is strictly true The
confidence which the bull crowd places in
the gullibiity of the public is colossal in pro-
portions and unique in design. But really,
gentlemen, hadn't you better give it up?
Suppose you just spit on your hands and
make break for those swcetly credulous per-
sons said to be attached TO the cavalry con-
tingent of the naval establishment. Tho sus-
ccptible nature and aqueous proclivitie5 of
this gentry have, from tmo immemorial
made them the sympathizing roposito-
ries of unmarketable fish stories Try it,
Messrs. Bulls. Pour your woes into the OK
tended and distended auricular appcndage of
the horse marine. 1t may be soothing to you,
and the marine is so peculiarly constructed
that he don't care a-cent. In this way you
may relieve the public and yourselves at one
and the same time, and with perfect safety;
for, by combination of fortuitous circum-
stances, the amphibious creature referred to
possesses the patience of the ass, and is free
from the opinionated predictions and erratic
aggressiveness of the mule.
FACTS AND FANCIEs.
A Philadelphia dispatch says the Reading
railway reccivership has just been dissolved,
but the court retains jurisdiction over all past
accounts while in receivers hands.
The Illinois Central railway directors will
meet this afternoon to decide upon the extra
dividend question There is some talk of
division of Chicago, st. Louis and New Orleans
stock, but nothing has been decided upon.
A prominent foreign house says Amsterdam
owners, who hold $4,000 shares of Illinois Cen
tral, are opposed to any stock division being
made.
Central Pacific stock was mainly sold down
to-day by slayback, L. l.. Frank, and the
Germans.
The Western Union company have only one
wire working to Cincinnati and Louisville.
The following just received says:
CINCINNATI, Feb. 14-lt has been raining
hard all night and is still coming hard. The
river receded little during the night but is
now rising and is higher than ever known,
with fresh devastations reported on every
side.
A Washington dispatch says Secretary Fol-
ger returned from New York last night and
is i'll.
Stocks are lending at to 81 Lake Shore
offered at 2 and New York Central Hat
Van Emburgh sold 800 shares of New York
Central and S. V. White sold 5000 of Della
ware and LaclSawana on the opening.
Gould is tacking extremely bullish on the
market. There is not much disposition to
sell this morning.
The Reading company settled with Vivian
Gray & Co., of London, and their opposition
to removal Of receivership was withdrawn.
MORNING GOSSIP.
The commission houses thought the market
locked very good last night, considering the
circumstances that ithardencd somewhat and
with better indications. 1t was reported thar
Gould bought heavily yesterday, and but for
the unexpected Mutual Union injunction,
Western Union would have led the list at the
close of to-day.
Points are again circulated to buy Canada
Southern, and insiders are picking up the
stock in view of an important advance prom
ised soon Some of tho heads of large
commission houses believe the stocks will
be sustained by the strong men at
about the present range until the floods
cease and the snow embargo cmOvcd in the
west, after which the market will again adj
vance, III lle lneuhlllnb tHey arc not auNlS-
ing their customers to do much, but they
caution them against short sales, because
prices are very low and the short interest is
large. There is no change in the position of
the short traders and the street continues very
bearish. Koene sold the market freely yester-
day, but bought in most of his shorts before
tie close. Gould, Smith, Sage, and the Van
dcrblts continue bullish, and Cammack
Osborn and WoenshoiTer boarish The latter
says he keeps a short line out all the time
and trades on a few thousands daily. Union
Pacific, he believes will so down to 70.
Cammack declares himself a bear on the
whole market for the next three years, and
believes ST. Paul will go down to 60 this spring
Trunk line superintendents and managers
here deny that the main roads in the east
bound pool are sharing in Peoria line cut in
grain rates, and say the cutting in passenger
rates is unimportant.
LoNDoN,-st Paul declined J ! Reading, 4
Ontario Western, 81 Erie rose /, and New
York Central, /,
GRAIN AND PROVISIONS,
Special Dbpatch.
New YORK, Feb. 14,-The advance in tho
wheat market is caused by apprehension of
1hmooa In tln c,.n,, r1,,, tI,o t,u,tl1a IA.