National Republican., 1883-04-30
PULLING AND HAULING.
A Stock Market Notable for Nothing Except an
Absence Of Decisive Symptoms
The shcarcrs OF che street Attacking Each
Other for Want OF Raw Material.
GOSSIP.
Special Dispatch.


NEW YORK, April 2S.-The traders in stocks
who correctly predicted the slight reaction
yesterday and the improvement in the after
noon say that they now believe that the stock
market has touched bottom, and say that the
only selling now comes from the Woerisholier-
Osborn party and tho uptown bears. These
people are the main sellers of New York
Central, st. Paul, Northern Pacific, and tho
Wabash stocks and they have not got many
of their stocks back.
Brokers report that the short interest is
immense and still growing, the market thus
virtually sustaining itself The bulls still
claim that thereis nothing whatever in the
situation to put stocks down, ana they pre-
dict further rise next week.
Johnes and Drummond are bulls. but the
rest of the room traders are bearish. Cam
mack is bullsh on good bonds, especially
says he bought 500 Pullman this week for in
vestment. The trunk line managers reaf-
firmed the freight agreement of last February,
and orders were wired all agents last night to
see that it was faithfully carried out. The
fact was developed at this meeting that some
CT western roads had been q little weak on
rates. but no charges were made against the
Pennsylvania or Vanderbilt lines, and good
feeling generally prevailed.
The Granger road earnings are reported as
running somewhat ahead of last year, but the
gain will be slight. as the fourth week is q
short one. The Chicago and Northwestern
Railway company is making preparations fol
big traffic, and has ordered thirty new loco
motives and 1000 new freight cars.
The market opened dull. but higher, and is
inclined to harden. Money was offered at 5
stocks loaning at 4. Western Union was very
firm, but dull.
Colbron, Day & Field bought all the Union
Pacific sold at 81 4, and there is no stock In
sight. Heath sold st. Paul. Buyers were
scattering. In New York Central buyers were
Quincy Vermilye, and Keene, and sellers were
Greene and Minton. Lake Shore very dull
Harmed bought little, and Haight sold.
United States bonds in good demand, and
low numbers of 3's are wanted. A large lot
of As belonging to a prominent capitalist are
in the market for 119s is bid
Kidder, Peabody & Co. are lending largely
on dividend paying stocks-at per cent.
Money offered at Al to 4; time loans to
81, according to the nature of the collaterals
1t was reported soon after the opening that
tho Equitable Life Insurance company yes
terday bought 1900 shares of Lackawanna,
which was transferred in its name.
There was some very good buying during
the morning on q report from Albany that
bill would pass allowing savings banks, &C.,
to invest their surplus funds in any good div
idend paying railway stock.
The bank statement was somewhat disap-
pointing, as the reserve only showed an in.
crease Of about $270,0O0, and on the second
call trading became very light and prices de-
clined 4@4. At 2:30 the market was very
dull and prices were still declining.
A Washington dispatch this afternoon
stated that the Southern Pacific Railway COM
pany had made an application to the interior
department, which would involve decision
of questions regarding the rights as assignee
of the Southern Pacific company to the land
grant of the Texas Pacific railway. The
question involves very extensive grant.
The market at the close was weak and
dull.