National Republican., 1881-09-08
BANKERS EXCHANGE.
Three.day bills -....- 4Sis Sixtyday bills .... IS

BANKERS EXCHANGE.
Threeday bills 4sis Sixty.day bills 4sl
WALL STREET GOSSIP.
NEW YORK, Sept. 7, 10 a. m-The following was
received from Long Branch this morning: "The
President had good night, and feels better this
morning" The average feeling In the Stock Ex-
change circles last night was in favor Of higher
prices, Notwithstanding the Hannibal corner,
which may cause some temporary disturbance.
The only serious matter which causes hesitation,
1t was stated by some of the prominent leaders, is
the condition OF the President There has been
strong buying Of investment stocks, and the bull
party Is increasing in size and power The Boston
people yesterday bought 5000 Western Union The
Vanderbilt following are buying Union Pacific,
and are advising their friends to purchase for
great further advance, and Gould's brokers bought
agreat deal fWabashes yesterday. Keene's brokers
arc said to have bought IN 10000 shorts in Wabash
preferred yesterday and Woershofier bought
Lake Shore literally. Hannibal common was
quoted in the street yesterday afternoon alter the
board had closed at 165 bid, and unless the
shorts settle, John Duff, through his brokers'
Kennedy, Hutchinson d Co., will put the
price wherever they please Keenes brokers were
bidders for stock at 1856 at the close of the Ex-
change, and Boocock and Oddie wantad TO buy II
is not true that Bloodgood & Co. have anything 10
do with the pool, is 1t true that the Hannibal
100000 Of Sper cent convertible bonds are ex-
changeable for common stock. These securities
are only convertible into. the preferred. It is
claimed that the clique hold all the common
10000 shares and 30000more. There IL II story that
Sage delivered some stock yesterday against shorts
which came from the Importers and Traders Bank
where II had been deposited by the clique, which
must be replaced to-day The loss to the shorts is
already estimated at upward OF 81 800 600 at pres
ent prices. The principal shorts are said to be
Keene, Smith, Carver, and Buck, and the Boston
short interests amount to about 10000 shares The
story is not true that Hopkins, of the Wabash, Is
short. considerable Improvement OF confidence
in the Elevated properties exists, and a new or
ganization Is not improbable. Tho reported
| resignation OF Mr.. Field from the New York
| Elevated is incorrect. Some of the largest
dealers, including. Sage, thought last night
the market generally had better look than
before in a fortnight, with an undertone which
may make strong bull movement later on. The
| Secretary Of the Treasurys friends here say the
former is sure TO anticipate Congress and pay OFF
the extended fves by purchases for the sinking
affairs are still warike, with further cut in -four
| rates from Chicago and q cut in passenger rates
from St. Louis but the reduction is not very large.
| Livestock rates are also down. A dispatch from
| Hornellsville reports the Erie Railway switchmen
are again on strike aud there is a prospect OF q
general strike along the whole line among all
| the operatives. This is partly in retaliation for
President Jewell's discharge Of the old strikers.
| 1880 a, sm-Of course such a corner has hurt
many an individual, and such harm reflects always
| to the broker II the corner continues II may
cause some failures. But the few transactions and
| lack OF excitement among the general brokers in
| dicates the damage viii not be widely spread AZ
the best It is bad for the market II shows to all
speeulatos the possibilities which are In this mae
| strom. The sales are In l00-shaTe lots and will
not aggregate large amount, Notwithstanding the
| great advance.
| ing movement, aud Ms the short interest in the
market Is very large II causes bear panic on a
small scale