National Republican., 1883-05-15
THE MARKETS.
The Stock Bears and Grain Bulls Having a
Picnic.
Everything Depends on the Length OF tho
Chapter OF fAccidents--The Weather, &c.
GOSSIP.
Special Dispdich.

clubs and hotels yesterday were unanimous
in the opinion that some Of the largest stock
holders had changed base and ran, and that
Saturdays slump was entirely due to this.
Some thought Gould precipitated the decline,
which possibly was only preliminary to sub
stantial rise later on, but the general opinion
was that the leading bull in Lackawanna sold
out pretty extensively, and Worishoeffer and
Keene has helped him to sell 1t cheap. Mcssrs.
Smith and Morgan's friends denied that
they had sold out their stocks, and they ex-
pected to SEQ tho market sell higher again
before Wednesdays closing.
Gould remarked yesterday that he had
been doing nothing in the market, and
he proposed winding up all his affairs in
Wall street by juno 15. He spoke very
hopefully Of the crops In the west and
southwest, aud thought the financial outlook
depended very much on tho crops. He was
assured Europe required every pound of
American surplus grain this year, and there
was nothing to sell stocks upon.
Sage said on Saturday evening he was not
advising his friends to buy now, but he
thought the market would be n purchase in a
day or two.
Worishoeffor continues bearish, and says
that the trading would be downward for
some time because London was still liquidat-
ing. He thought Erie would go down next
and that London was constantly feeding the
market here. Union Pacific, he believed,
would go TO 90 this week, and he claimed
that Boston had recently sold out largely OF
Union Pacific and Chicago, Burlington and
Quincy; also, Of Atlantic Pacific incomes
There were few bull at the Windsor hotel
last evening, and they agreed it was no time
think Gould is going to inaugu-
rate sharp advance early in June,
after tho decision in his Western
Union case. But the brokers declared there
were no indications Of any important rally
aud they believed that there could not be any
80 long as the long stocks continued to come
out so freely as they did last week.
very prominent Wall street government
bond concern reports that a new pool has
been formed to buy up government as, and
the combination is the same strong one that
bought large amounts Of as about two months
ago, around 119.
The Boston Transcript says: The negotia-
tions for sale Of one lot of one and q half mil
lions of dollars of Atlantic and Pacific rail-
way land has failed, but that negotiations
are progressive for a still larger. amount, and
will probably 60 through.
To-day being .whitmonday the London ex-
change closed.
The Chicago Tribune declares this morning
that the reason for Vanderbilts retirement
was in anticipation of u rate war. Railway
men declare there is but little hope of satis-
factory arrangement at the meeting in New
York on Wednesday for the admission of new
lines into the pool Each road will probably
try to get all the business possible.
The crop prospects are not flattering for a
large business next fall and winter. All ac-
counts agree that large percentage of winter
wheat has been killed. and the season is un-
usually backward for wheat this spring. The
increase in east bound percentages of business
by the Grand trunk last week causes suspicion
of rate cutting.
In Lackawanna De Motto & Mauraice were
the sellers, Bird bought. In Lake Shore
Campbell sold, and Walls bought. In Union
Pacific Wetmore & Rathbone were large
sellers, Young bought 1000, and Anthony
bought to cover shorts. In New York Cen
tral Probst was the largest buyer, and Enos
sold. Western Union was dull and conside-
rable stock offered on floor Mt about 49,
Railway bonds were dull and inactive.
= Keenes' Brothers, Brownell, and London
sold Lackawanna, Van Emburgh and After
bury also sold sold the general market,
especially Union Pacific. Bruins sold 1900
up, Bell 1000, and Hunting 1000. Brandon
York Central loaned fiat to per cent, Others
loaned 2@3.
There was frost in vicinity of New York
city last night.
The holders of $4,000 shares of Hannibal
preferred have signed in favor of the sale tc
the Quincy, and the holders of 5000 shares
more promised to sign.
Russell Sage declines at present to sell any
privileges whatever on stocks.
III Parks fplpOranha frnm ST Tnuia
"The light receipts of corn there are disap
pointing to the trade, and receipts are moi
likely to equal the demand"
He advises againt selling corn short.
Albany telegram says According to tn,
news coming from the governors Office tn,
Page savings bank bill may be considered a
good as vetoed, only one savings bank (thC
Columbia), formerly known as the bank o
bank, supposed to be in Vanderbilt interest
favored it,"
Sterling firm.
REVIEW.
The market opened weak and irregular
with Indifferent support up to noon, whei
everything was selling below the opening
The decline to noon compared with Satur
days closing ranged from to II per cent.
Omahas were the weakest, declining 46l12
The largest trading was in Lackawanna and
Union Pacific with Keene, Worishoefier, ant
the rest OF the bears hammering the genera
market.
New York Central sold down to 1908, tn
lowest price for several years. Enos & Co
sold good deal of New York Central.
Lake Shore was mainly sold by room traders
Shortly after noon Lackawanna rallied bu
there was but little advance In anything else
On second call the market was to per cent
higher but very dull. Union Pacific wa
sold down to 05 by Savin and Louis Bell, bu
rallied to 95!.
sale of 1000 shares of Harlem railway a
LOS was a feature Of the trading to-day. Thi
was long stock, of course, as no one would SCI
such stock short, owing to the difficulty il
borrowing it.
Cammack bought largely of Lackawanna o
the second call, and Fellowes & Davis bough
1000 shares (supposed TO have been for MOI
gam. Lackawanna sold up TO I.24l, afte
opening at 1.23i at 2:45. Tho market Is du
and prices slightly lower from rally afte
noon Money offering at 3.
The market was we'll sustained toward th
close, caused by the covering of the short
and closed fairly active at the advance.
Robert Bruce says: Reports from Kansa
and Tennessee show the weather have bee
fair, and complain that a half crop is their Vi
most hope. IL should be recollected this
present estimates are predicted on goo
weather until harvest, Any bad weathe
would be a national calamity. 1t is rumore
that the New York 1ribume's estimate wi
show 400000,000,0O0. Corn is strong. Ba
seed is the cry, and If verified il is serious In
deed. Some strong parties are buying Angus
and September wheat, as they are the cheaJ
est. Sterling unchanged stock lending
New York Central l money to 4.
LONDON May 14.-Tho steamer Britain
arrived this morning at Liverpool with Var