National Republican., 1883-01-23
THE MARKETS.
The Bears Make Raid and Succeed in
Depressing Prices Trifo,
But the BuIIs Continue 10 Profess Conf
dcnoo I'm Higher Rates.
TODAY IN WALL STREET,
Special Dispatch.

NEW YORK, Jan. 22.--The market opened
at about Saturdays closing figures, and adj
vancod from ! TO per cent, supposed to be
on outside orders to buy together with
some covering of shorts by room traders
The advance was soon lost, and the market
was raided, one stock mt time, which re-
suited in n fractional decline all along the
line. The undertono was very good, and the
market rallied as soon as the bear raids were
over.
The short interest has been largely in
creased siuco last Thursday, and is large
enough to make decided rally on the mar
ket should She attempt to twist them be
made Money was very easy all day.
Government bonds were reported strong
for small lots of old, and good demand for
3's and 3Ys.
The report 10 confirmed that Pender has
accepted Il seat in the Western Union board.
Washington kilograms deny that ex-Secre-
tary Sherman has accepted the presidency of
the Mutual Union.
The bill compelling all land and cable
companies to receive and forward dispatches
from other lines without discriminating
changes has been reported favorably by the
judiciary committee, and will probably pass
the senate to-day.
London bankers here say London operators
are not doing much this morning Money
loaned at 81, and there was an increased de-
mand for American bonds. From Amsterdam
there arc also liberal orders for American rail-
way bonds.
In the stock exchange this morning stocks
loaned from 3 to and money to ..
The big bears say it is no USE we are going
to have high prices for the present, and all
the capital is on the bull side; but they pre-
dict break in February. A considerable
short interest is developed in Union Pacific,
st. Paul Denver and Rio Grandc, and Lake
Shore which was made Friday and Satur-
day.
The foreign borrowing demand makes it
easy to carry stocks.
The market closed with recovery of from
to lpcr cent. from the lowest prices of the
day. In the stock exchange wise men con-
tinued to predict higher prices during the
coming month. The bull syndicate consists
of Gould, Vanderbilt, Osborn, Work, Scott,
Smith, Wolrishofier, and Cammack. Wander
bilt's millions are not counted on rs much as
Osborn's keenness in making bull market
The boys in the street are not yet used to the
sad sight of seeing Cammack or cold Cam"
as the boys say, a bull. When they do it will
be a cold day. The bull party have certainly
had bad luck, for first comes the weak spot in
Union Pacific then Lake Shore weakens and
drops to u lower level, thus making the whole
list rather heavy to hold up. The snow
blockade in the west has caused falling Off
in east-bound freights and naturally in ex-
ports also. A strange sight Wall street is now
treated to, and that is that the
railways when the earnings are supposed to
be the largest, are on the Decline and old the
rattlc-trap Denver, which is decreasing from
10000 to $4,000 monthly, is one Of the bull
cards.
John Pender, of England, has accepted
scat in the Western Union Telegraph's COM
pany's board. This will, no doubt, be fol-
lowed by the listing of the Western Union
securities on the London stock boards.
Should this be done there would be greater
activity in Western Union.
Mr.. Keenes friends report him very bearish
and predicting that 's3 will be '73 over again
in Wall street.
Gowen has placed his 81, 100000 trust bonds
b at par in Philadelphia.
There has been some large covering of shorts
this morning.
The clearcst-headed and oldest brokers said
vest crday that Saturdays slump was only
another big hoax, and the time to buy stocks
for another upward turn would probably be
between this morning and Tuesday. The
stories of the embarrassment of Keenc and of
his laying down on his broker (Tyson) have
been said to purposely mislead the public and
TO buy in a batch Of Kocne's calls cheap which
had been sold ON about 10000 shares of vari-
Gus sorts. The only trouble reported was in
small concern for which n few hundred
shares were sold out or bought in just before
closing. Mr.. Keeno was up town yesterday
and declared the stories regarding his being
i'll trouble positively unfOunded, and said he
was II bear on this market.
Judge Hutchins said he was distrustful of
the market and believed Vanderbilt was sell
ing all the time, but he was afraid TO sell
many stocks short, owing to the great daring
and powerful strength of the bull combina-
tion. Still he believed the bull pool had
been realizing heavily and scapegoat had
been made of Keene TO cover up their sales of
long stocks,
Bankers report tho short interest growing
all the time, and 1t was increased immensely
Saturday afternoon, and there is really big
ger demand now for borrowing stocks than
since the rise began.
The action of certain German brokers in
calling in n lot of st. Paul and Delaware and
Lackawanna stock Saturday was not gener-
ally endorsed even by bulls.
STOCKS.
The following are the opening, highest,
lowest, and closing prices of tho principal
stocks for the day. as corrected by special wire
reports received by Batcman & Co., bankers,
No. Corcoran building: