National Republican., 1883-05-03
THE MARKETS.
New York Central Stock Forced Down 10 the
Lowest Point in Two Years.
A slight Improvement at the Close Of
Business-A Bears Bluff.
GOSSIP.
SDtcidi DfsDdtch.

fDtCtW OtsUdtoHs
NEW YORK, May 2.--The bears insist that
the Vanderbilt people sold their own stocks
yesterday and that the market followed this
track, but the brokers who are watching the
big operators said that the selling in New
York Central did not come from the inside.
The lowest Lake Shore was sold by Slayback
and Louis Bell. All the room traders, except
Johnes, sold New York Central on the antici-
pated effect of the West Shore roads opening,
and reports that the New York Central would
reduce its dividends to per cent. The very
largest capitalist in. the street, who is on very
close and friendly relations with Mr. Wander
bilt, said Ahe5e ws4ho foundation for reports
Of reduced dividends, and he believed tho
main selling of New York Central came from
Woerishoffer. Cammaclt said the principal
selling yesterday was by Smith, who is anxious
to get out of stocks, as he leaves for Europe
soon.
Mr.. Morgan continues bull on the market
and said that he bought great many stocks
yesterday and the Mills people are likewise
bullish. Tho bulls insist New York Central
was vigorously hammered by tho same par
ties who raided Union Pacific last week.
Woerishoffer wagered $1,000 with Harvey
Kennedy last evening that the West Shore
bonds would cross New York Central stock
within twelve months in price, and offered to
double the bet. He also offered TO bet 81 900
that Northern Pacific preferred, in the same
time would cross Union Pacific.
The market opened with full attendance,
and at first the Vanderbilts were fairly sus-
tanned, but subsequently reacted. New Jer-
sey Central was sold by Bssell and De Cor
dova. Herrick offered 1000 shares of New
York Central at 1913, seller go. This stock is
lending fiat. The buyers of Lake Shore were
Vyse and Chapman, Wheeler sold. King
sold st. PAUL. the buyers were Godet and
Bogert. Stocks lend at A 10 5. The railway
bond market is dull and inactive.
II. j. Nicholas and Charles Johnes bought
most Jersey Central. Fellowes & Davis sold
1000 of New York Central at 1234 to 1888.
Davis and Tileston bought 1900 of Union Pa
cifc and Kirkner andlRaymond sold.
A London dispatch says the Pennsylvania
Central stock fell to 63s this morning on the
decline in America and disappointment over
the dividend.
Sterling is very dull.
REVIEW.
The board opened with large attendance.
The Vanderbilt stocks were most active, and
were fraction higher, but New York Cen
tral, on large sales, was forced to 1895, being
the lowest figures since 1850. The stock was
sold heavily by BisSell, Dc Cordova, and the
room traders. Herrick offered the stock
per cent. below the market on seller sixties.
st. Paul was sold moderately by the Osborne
people. At noon there was tendency to i'm
prove, the shorts coming up freely. 1t was
generally believed that the whole market had
been considerably over sold. The railroad
bond market was dull and inactive. Sterling
exchange dull, government 3's were very
firm.
Money at first loaned at 6, but later at 8,
Stocks loaned at 5, except New York Central.
which was scarce and loaned fiat. On the
second call the market hardened and prices
were above the opening figures, except New
York Central, Lake Shore, and Union Pacific,
which were steady and dull. Canada South
ern and Michigan Central gained fractionally.
New Jersey Central advanced to 77s, but later
reacted fractionally.
Herrick sold New York Central stock in
1000 share lots 10 per cent below market on
seller go day options. At 2:30 p. m. the mar
ket stiffened and New York Central went to
1244 and Lake Shore to 110a. There was not
much activity, but prices were inclined to be
higher toward the close.
LoYDoN, 12:30-United States bonds, 5's,
higher; Pennsylvania Central, "a lower; New
York Central, 1 5-6; st. Paul, ! (; Erie, 4
Reading, /, and Ontario and Western, lower
STOCKS.
Tho following are the opening, highest,
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: