National Republican., 1883-02-07
THE MARKETS.
The Hopes Of the Morning Dspelled by the
Grim Realities Of the Afternoon,
And on the Whole the Day Gave LdttIe
Comfort to Holders or Buyers.
THE DAY IN WALL STREET.
Si1ccLnL Llsnnlnh.

Special DEl)dch.
NEW YORK, Feb. 6--Tho opening thismorn-
ing showed the general list shade stronger
than last night, but the Vauderbilts were
fraction lower, and before noon the bulk of
the leading stock sold off one point, with
very light trading demand. Union Pacific
was very weak and others yielded sympa.
theticaly. Telegraph showed good buying,
and foreign brokers reported good demand
for New York Central, Central Pacific, Denver
and Rio Grande, and Kansas and Texas
There was sharp borrowing demand and
Lake Shore lent 1-32 TO 1-16, Northwest 1-32
to 1at, St. Paul fiat to 2, Chicago, Burlington
and Quincy fiat, and others about 3.
Government bonds were strong Exchange
steady, with light offerings Money, TO 80,
Afterward the general trading became very
dull, and the market was without feature.
On the second call Western Union was the
leader of quiet but firm market, and rose
upon the statement current of harmonizcd
differences with the Mutual Union. 1t is
said that the Elevated railway troubles are
nearly settled. At 2:3O p. m. the market was
generally heavy and tame ON reports Of ex-
tonsive snow storms in the northwest stalling
trains. The market closed dull and irrcgu-
lar, showing general decline in the list,
with tho exception of Western Union.
This day has given but little com
fort to buyers and holders of stocks.
1t has had tired and worn-out look.
We may have better prices, but it will not be
from this range, but will be started from q
lower range by the short interest.
GOSSIP.
The rise in Rochester and Pittsburg is due
to the discovery of salt wells at Leroy and
Warsaw A number of companies have been
formed already.
1t is rumored in the board that the Western
Union and Mutual Union have entirely har-
monized interests 1t is said that Osborn is
going to Florida this or next week,
The bears are shouting eight money" |"
Exchange is steady with supply light.
A Philadelphia dispatch says the coal trade
is active and some furnaces find difficulty in
getting a supply.
There was good buying of Western Union
to-day and the bears were buying some.
Seligman & Co. report that Europe is buy
ing stocks, and London purchased this morn
ing Kansas and Texas, Denver, New York
Central, and Central Pacific.
There is rumor of small grain failure in
Chicago.
GOULD POINTS.
The usually best informed brok ers and
traders say Gould probably bought more long
stocks yesterday than any one else, and his
buying was mainly of Western Union, Union
Pacific, and Texas Pacific.
Opinions differed last evening as to who did
most to advance Lake Shore and Northwest
ern, but the Vanderbilt people were thought
to have been the biggest buyers, Mr.. Smith
was known to have been a considerable pur-
chaser Of both these stocks, likewise of st.
Paul common; but tho main selling came
from the bears, with sprinkling early from
Osborn's Office The room brokers said the
commission houses did not sell, but on the
contrary bought the market.
A leading bull said the short interest took
fright, finding that loaned stocks had been
called and taken up and said he had been
flvoring this for some time, but others had
opposed it. He had now decided to demand
his securities and pay for them, having aban-
doned the lending of his stocks to tho bears
to club market with. The brokers report the
short interest very large and in st. Paul alone
it is estimated mt 100000 shares. The room
traders are generally bullish, and say the
market has determined to support Vanderbilt
people with Gould and his following and of
Smith.
Keene continues to talk bearish, and says
all the stocks bought yesterday will be for
sale to-day.
Cammacl1 says he is still bull on Denver,
but is not doing anything in the general
market
Sykes, Of the Northwestern, says il Is not
true that the company is about to increase its
capital and offer new issue to stockholders
at par. Some day, he supposes, measures will
be taken to pay for Omaha's controlling
stock, but the question will not come uI
before the June meeting.
Receiver Little, of the New Jersey Central
says tho receivership will soon be dissolved
The scheme is for the Reading, Vanderbilt
and Lehigh Valley people TO raise $1,50O,00C
to clear the floating debt when they are ready
TO use the New Jersey Central New York con-
nection.
LONDON, 12;3O.-Ere rose J, New York
Central, ! Illinois, u Reading, 3 st. Paul,
/ +; United States bonds unchanged,
STOCKS.
The following are the oponing highest,
lowest, and closing prices of the principal
stocks for the day, as corrected by special wire
reports received by Bateman & Co., bankers,
No Corcoran building: