National Republican., 1883-04-21
THE MARKETS.
The Room Traders and Few Heavy Opera
tors Succeed in Depressing Prices.
A Reaction at tho CIose--The Rumors and
Gossip OF the Day.
GOSSIP OF THE DAY.
iypecfdl DiDdtch.

Of the conservative and the most observant
operators last evening was that tho active
features yesterday looked for n little decline
again this morning, and that then stocks
would be good buying for another advance
Sage declared that the bulls were getting
ready for another advance. Smith denied the
report that he was selling; on the contrary
ho bought moro.
1t is claimed by the bulls that the reaction
has boen mainly precipitated by Woerishofier
his following, and the bearish room traders
but the better class of operators are long O
the market.
1t was reported that Vanderbilt was agair
buying Union Pacific, and that there were
large orders to buy the Northern Pacific
stocks; also that the buying Of Reading wa
excellent
Obseryant brokers say that yesterdays
manipulation of matched orders to get prices
down was terrific, and during every houl
there were pretended sales Of 1000 to 5000
shares each. Some thought that the short
interest was increased 10000 shares before
the close, but William Heath thought the
short interest had been very largely ex
aggerated, and was partly washes Louis
VILE and Nashville was broken by selling Of
Victor Newcomb. The Woerishofier party
sold New York Central largely In
London yesterday. Cammack, Scott
woerishofler, French, Newcombe, and por
tion of the old Twenty-third street beai
CLIQUE are working together for lower prices
w. r. Francis is also very bearish.
1t was reported that pool to buy 10000 70
1o,OOO shares of Union Pacific was made IN
Mr., Goulds Office yesterday afternoon, and
that Conner and Gen. Dodge had an interest
in it.
Chicago dispatches say that the east bound
traffic is lighter this week by tho Trunk line
Shippers are waiting to get the benefit OF the
8 cent reduction in grain rates next Monday
Lake Shore stock was hammered by Walsh
Kirkner, aud Drummond. Hollins wander
bilt's broker) bought largely. The seller
were Van Emburgh and Harmed.
In Union Pacific Bird bought; Vyse also
bought. The sellers were Hatch & Kendall
Bissell and Bruins. There was only LITTLE
doing in New York Central.
A further disposition is shown to sell Louis
vile and Nashville, Jersey Central, and the
Wabash stocks.
Kimball and Scranton and Willard sole
Union Pacific extensively. Bloodgood bought
1000 shares. The room traders are very bear
ish. Smith says that he is still buying thu
market.
The Hannibal and Quincy trade, it Is said
will be closed this evening. The Quincy
people say that they are satisfied.
Sales of one million Of as were made las
evening at 119s; AVS are more freely offered
Sterling is unsettled.
The buying of Lake Shore this morning
has been very heavy. Hollins bought 300
shares on the opening, and Post and Wales
were also heavy purchasers.
Tho Wabash management deny the sale
of bonds to the Iron Mountain Railway com
pany.
By the new arrangement the Wabash com
pany's traffic from St. Louis will be increased
40 per cent.
At 1880 p. m. there was q fair demand fol
borrowing stocks at D.
Illinois Central lent for 1-64 for use; Unior
Pacific at 4.
Gould says that the Hannibal Quincy dea
is not positively decided yet, but it may gC
through to-day. Director Bloodgood says i
looks as if there would be no deal made. A
Chicago dispatch says that the Grand Trunk
road declares it will not only withdraw from
the eastern traffic pool, if Mr.. Fink decides
adversely TO the dressed brief interests to tn,
extent Of raising the rates, but that at the mex
meeting of the pool it will demand the with
drawal Of the dressed beef from the contro
of the pool and abide by the consequences.
REVIEW.
The market opened heavily and there was
strong pressure by the bear cliques to sell
with the room traders free oierers Of th'
whole list. In Lake Shore, Drummond, Walsh
and Kirkner offered considerable stock, thu
buying of which came mainly from the Van
derbilt-Smith brokers and Post, Wales & Co
In Union Pacific there was large trading, anG
the room traders, led by Johns, bought 1000
Bird 2,O00 Vyse 1,000 and Bloodgood 1000.
Scranton and Willard, Enos, Brandon, Kim
ball, Bruins, Bissell and Hatch & Kendall
were tho sellers. New York Central and
i I0all aWaA
The Wabash stocks were sold by Keene, anC
they declined over 1 per cent. Northwest
common was sold down by the bears, but
reacted about noon.
st. Paul was strong throughout and the
strong buying of Union Pacific sustained
the market also.
There wasno trading in Hannibal common
up to noon, but Hannibal and St. Joseph de-
clined IL on light transactions.
Louisville was vigorously sold, but was
fairly sustained with light trading and did
not slump with the other stocks. Early in the
day Denver was stiff, and ut noon Lacka
wanna and Union Pacific were both strong
the Wabashes being the main weak features
In government bonds there was good de
mand for low numbers of 3's; but 4Ps were
freely offered. Money in demand at 16.
Stocks loaned at to ., New Jersey Centra
lent for u premium of 1-16. On the SECOND
Union Pacific, Northwestern, Lackawanna
Western Union, and Louisville and Nashvill,
leading, The rise in Northwestern was on
well-circulated report that Mr., Vanderbilt
had stated that the next meeting Of the North
western company 100000 of now stock
would be placed in the treasury to represent
the new roads acquired, and finally that there
would be distribution Of the companys sur
plus. Money ut 245 was offered at 81.
The market after having been we'll sus
tanned throughout the day, closed active ant
strong, especially on ST. Paul and North
western.
STOCKS.
The following are the opening, highest
lowest, ana closing prices of the principa
stocks for the day, as corrected by special wir,
reports received by Bateman 81 Co., bankers
No.141l i street northwest:
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