Morning journal and courier., 1882-08-16

the Trunk Line, Southwestern and other stocks not mentioned above was only 1-2 per cent. About 11:15 8. no. the market halted, and under sales to realize profits there was general reaction from the best quotations. St. Paul, Minneapolis and MaR- itoba dropped 1-2 per cent, Northwest preferred l 3-4, Lackawanna and Omaha each i, and the balance of the list Is to 7,8. This weakness was not of long duration, as it seemed to invite fresh buying, and before midday the market was active and on the ad- vance once more. Lackawanna rallied to l4S, the best figure of the early dealings, while all the other coal roads sold even higher than before, Delaware and Hudson rising to 1198, Jersey Central to S04 and Reading to 628. Among the grangers Northwestern recovered to within 1a4 per cent. of the highest point, and St. Pasl, Minneapolis and Manitoba per cent. The recovery in the other shares was less marked. After midday there fainter advance, Lackawanna rising to 150, Delaware and Hudson to 119a, Reading to 624, Jersey Central to SOB, Northern Pacific to 528 preferred to 97 and Denver to 62f. Towards two o'clock money was made active and dearer and call loans were put up to six per cent, which checked the upward move ment in the stock market and led to 8 reaction of to per cent, with the greatest decline in Lackawanna, Jersey Gen. tral, Northern Pacific preferred, Omaha, Northwest and Wabash preferred Subse quently prices showed @ recovery of l to per cent, but prices were weak in the last half hour of business, and prices declined per cent for Northwest preferred and ] to 1 per Cent for the general list. The advance in money was the main reason assigned for the late fall in prices. It is significant that some of the great houses which have been bearish for time are again outspoken bulls The German inter
 
 itself upon having predicted early in the month that the market would be unsteady until the 18th, when another decided advance would set in. MT. Keene is quoted as a bull and so is MT. Gould, although it is evident either that MT. Gould is not bull is not disposed to bull his stocks The solution of the Omaha Northwest mystery is apparently no nearer than it was twenty -four hours ago. Shrewd traders say that the selling of Omaha to day has been better than the buying. Operators having especially valuable sources of information on the stock declare on the othet hand that in realizing stock has been taken and that to morrow or next day another important rise will be seen. No one, however, professes to know whether the road is to be leased to the Northwest or consolidated with it. The best opinion is that there will be 8 consolida- tion in which provision will be made for cut ting the famous melon. There is good in formation that the Minneapolis and St. Louis stocks will be taken in hand this week. They have latterly followed the Omahas closely and insiders are known to have bought good deal on the reaction from 35 to 32. A divi- dend on the preferred stock is something more than possibility. No adequate reason has transpired for the rise in Lackawanna. Insiders say that the road is earning as much as the Northwest and that the stock is of even greater value, but they do not say anything about a stock dividend in connection with ffa1n a6Vanaa been quickened by the covering of consid- erable line of shorts. A Wall street trading house is known to have covered largely with in few days.