National Republican., 1883-09-24

LOuisVllle, ana lackawannN was noticed, but
the rumors Of great damages 60 crops in Da-
kota, Iowa, and elsewhere had an unsottling
effect, and the advance was lost Tho room
traders attacked Reading, selling it down TO
i9}. As mentioned yesterday, tho policy of
tho bears seems to bo to attack separate stocks
and thus shake the whole market. IL was
officially stated to-day that the Wabash in
terost would be promptly paid. The not re-
suit Of the foronOOu's dealings were de-
clncs Of to II in Central Pacific and
Burlington and Quincy. tho Wabashss, North
Pacific preferred, Oregon Urauscontinontal.
Jersey aud Denver, andudvanCes Of in Lake
Shore, Sc. Paul preferred, Missouri Pacific,
and Pacific mail, rs compared with Fridays
closing. Money 20 . sterling quiet; gov
ornmont bonds higher on small offerings. Mr..
Connor said to-day that there was no DISPOSE
tion among the bulls to advance tho market
until il Is determined how fur tho Willard Sc
curities will 10. Whon thuy are settled better
market may be expected. Tho bank state
ment showed decrease of Sl,SOO,0J0, reflect
ing u largo movement of currency west 10
move the crops. Between IL and = o'clock
tho trading Yves almost exclusively
in the Willard shares, which further
declined por cent for Northern Pacific
preferred and Oregon and Transcontinontal,
the latter selling OF TO 81 on enormous sales
by tho bear clique The widest excitement
prevailed at 2:3O and the general trading out
there were further declines of per cent.
through out the entire list Tho Gould
brokers were prominent sellers of the North
orn Paciics. The market closed weak and
very unsettled under heavy pressure to sell
and on rumors Of bank troubles, which were
subsequently denied.
SATURDAYS PRELIMINARY GOSSIP.
The majority of brokers say, as well as n
largo number of traders believe, that the
-, IL. al,
cral lack of confidence in the Willard stocks.
At tho clubs last evtning it was thought
prices would bo lower this morning but re-
action would como before the closing.
BROKERS report an enormous increase in tho
short interest, and from 10000 to 10000
shares were shortened yesterday. New York
Central is in demand for Dor rowing as we'll as
Louisyilloan and Nashville, Northern Pacific per-
fcrrcd, Oregon Transcontinental, Union Pacific,
Delaware and Lackawanna, and the grangers
and some of them lend Mt premium.
The largest traders yesterday were Wocrs-
hooiter, Cammack, Smith, and Osborne. ID.
o. Mills denies throwing over $1,000 to 10000
Northern Pacific preferred yesterday No
reason is given for the raid on Union Pacific,
except that tho Germans sold ii furiously.
The bears are talking up tho money market,
but the large disbursements by the govern
ment keep money easy. 1t is reported tho
Postal Telegraph company will take new
name because oflegal requirements not com
piled with, and the new company will be tho
Postal Union, and the Rapid company will be
absorbed by it.
Louisville and Nashville lends for / per
cont, Jersey Central LEA premium, New
York Central fiat, Union Pacific fiat, st. Paul
l, others to 2; money 2 to 81. In Northern
Pacific common sellers at the opening were
Desmarets and Burras; buyers were Hollster
and S. V. White. In Northern Pacific pre-
n,,1
bought largely, and the sellers were Il. l..
Frank, and Lawson, Douglass & Co. In Louis
willie Sternberger IL Fuld, Rogers Il Randolph,
Henderson, and Ball were the sellers j. S.
James bought. In Union Pacific Cross sold
1000, and the buyers were Cranberry, Henry
Brothers, and scattering London bankers
bought Erie; sellers were scattering. William
Heath bought New York Central. and Her.
rick sold same. Woerishoefier's brokers are
lending Northern Pacific preferred for 1-6i.
Paulding and Slosson sold Lake Shore.
In London United States bonds scarce and
firm. The money brokers report time loans
to January on AL collaterals, 5 per cent bid,
6 asked, considerable amount loaning at &.
President Cable, of the Rhode Island railway,
says the railways are doing we'll. The Lake
Shore is busy. The Omaha is doing we'll
and he considers Minnesota and St. Louis
stock very cheap, and the earnings of this
road are very large. Mccormick ADAMS &
Co. telegraph from Chicago that tho weather
is unsettled, with scattered rains and mod
derate temperature. ..'"'''
Sterling, quiet and steady; governments
| advanced upon small offerings. The principal
sellers of Reading to-day were Slayback &
Chapman. In Lackawanna William Stow
sold 5000 shares from 1924 to 1921. The buy.
ers were scattering. The Gould brokers say
that whilo the general market is healthy
there is n disposition among the bulls to wait
and see what the Willard stocks are going to
do. When these stocks become settled bet
ter market may be looked for.
1t is stated that Louisville and Nashville
certificates. in the name of Jay Gould and
| endorsed by w. L. Counor & Co., have been
delivered upon the street to-day,
BANK STATEMENT.
l'oans-lncroRse $1,000, ,l0O
SpcCle-uecfeASe ACKNOWLEDGEMENTS. 3,5l9, ,00C
Legal tender-mGrease. ,.,........... l7l3,40O
Deposlt-lncrease. Observation-Disclosures. 1Ol,0OU
Observation-Disclosures. .....,........... 125,l0C
heseFVC-ueCFeAse OBSERVATION-DISCLOSURES. lS3O, ,OId
LONDON, 12:30.-Erie lower; New York
| Central, lower; Illinois Central lower
Pennsylvania Central, / lower; Reading,
| lower; Ontario and Western, lower.
STOCKS.
The following are tho opening, highest
lowest, and closing prices of the principal
stocks for the day, as corrected by special wire
reports received by Bateman q Co.. bankers,
No. 14l1 + street northwest:
= : q