National Republican. (Washington City (D.C.)) 1872-1888, 1884-05-01
THE MARKETS.
A Feeble Rally in the Shaky Stocks, but a
Weak Closing.
The Bottom Thought 20 he Reached In
Cotton, Grain, and Provisions.
Special Dispatch.


NEW YORK, April 30.-'The market opened
irregular with Germans aud arbritago brokers
Offering Reading and some disposition to
sell Lake Shore, but heavy short covering
movement set in before IL o'clock in st.
Paul, Union Pacific, and Western Union, and
by noon prices were the best OF the day,
When the covering was over trading duiled
up to / o'clock, then decline set in and
continued right up to closing.
The reported embarrassment of j. Il. kceno
and his inability to take stock puts on his
privileges created some excitement near the
close Of tho market. Tho report was denied
by Keone's friends. West Shore bonds higher
on tho dissolving Of tho injunction.
1t is reported that the Gould party is de-
pressing prices with view to twisting the
shorts Tho market continues largely over
sold. Tho leading bears arc not beloved to
have reduced short interests. Henry Clews
holds Gould responsible for the present
decline in stocks, and says that II Gould
would again show his securities, after
deducting those sold Tuesday, the exhibition
would not excite half the cupidity aroused by
the former. Western Union was sold libor-
ally and declined from 64A to 81, which is n
sad commentary upon tho confidence the
investors have in the so.callod per cent.
dividend earning stocks.
Gould has been tho controlling spirit In the
recent bear movement When he found some
time ago the impossibility of selling his
Western Union and Missouri Pacific, except
in retail lots; 1t is evident that he sold short
against them q vast amount of other stocks
which had a market, and now uses Western
Union and Missouri Pacific MS hammer to
break prices.
Tho recent campaign from its commence
ment since Gould's return home, has been
6ercely waged by that method, his losses on
long stocks being made up by his profits on
oh fNrp hn uttpn de la
in time).
Judge Donohue has denied tho application
made last summer by Russell Sage to compel
the Metropolitan Elevated railroad to transfer
stock to him on its books aud issue him
certificate bearing the statement that the
Manhattan company has guaranteed an annual
dividend Of 10 per cent. on Metropolitan
capital stock.
A Chicago dispatch says: "The call board
will probably be done away with after May
j, and q scheme is on foot to open the board
Mt 10 and have continuous session until 2
p. IN. Every one seems to be in favor of this
Another Chicago special says tho local
crowd which is working tho market for lower
prices don't advise sales, and consider tho
whole market a purchase on these breaks. A
good many late bulls dropped out wheat, and
there remains only scant interest among the
small tribes. Great selling, farther options,
being of new crop, on fine weather. The
or sale on bulges, but on sharp advances
would advise sales. Corn and provisions can
be treated on the same basis. Liquidation
seems to be in order for everything
An official of the Western Union company
says that Samuel j. Tilden has not held any
Western Union stock within the past nine
years, and that there is not word of truth
in the report that President Arthur has sold
Western Union stock
A great deal of investors stock in Union
Pacific has como into the street within the
last few days. The earnings of the Union
Pacific for April will show decrease OF
probably $250000, and March the same.
Representatives of Mr.. j. r. Keene have
paid out upward of $4,000 this morning
and stocks have been put to him this after
noon which he has been unable to take. a.
The cotton market showed that the LiveI.
pool party here had been buying rather more
than he sold through brokers' The German.
bought only small lots. Walter & Krohr
also bought. The general opinion at moor
was that the weak longs were pretty
we'll shaken out. Many think we have
seen bottom prices, and that there must now
BIO short interest in the market
STOCKS.
Following are opening, highest, lowest
and closing prices of principal stocks, as cor
rected by special wire reports received BY
Bateman & Co., bankers, No. 114l stree
northwest: