National Republican., 1883-03-01
THE MONEY MARKET.
How the Bulls and the Bears Of Wall Street
Feel
Gossip and Rumors as TO the FIuctuatiOn
OF Stocks.
THE DAY IN WALL STREET.
ypecjaf DisputcA.

THE DAY IN WALL STREET.
Spectai DispacA.
NEW YoRK, Feb. 2S.-The opening was
strong with light offerings to sell The large
room traders were bullish and the general inn
preston was that the market would harden
If big operators would only keep their hands
off.
Money was offered at 6, and later was 5@6.
1t was reported that the Bank Of England
discount rate would be reduced tomorrow
to per cent.
At noon speculation dulled and prices
dropped.
Illinois Central was exceptionally strong
and rose Vanderbilts were dull and frac-
tion lower. 1t was rumorcd in the street
to-day that the Northwestern road would soon
issue their common stock at par to stock.
holders to pay for its Omaha property. Gov
ernment bonds were steady for old and easier
for new series.
The market was rather eff ctcd this after
noon over fears that the prohibitionists would
kill the tariff bill in the senate. 1t Is gencr-
ally held by bulls on the market that IL is
of the highest Importance that congress should
pass the tariff and revenue bills before ad-
journing.
At the second call stocks were very dull,
but shade firmer and a fraction higher than
the figures current at noon. Up to 2:30 trad
ing was very light, and the market very dull.
The market closed very strong, with gem
eral marking up all around. Whether 1t was
done to sell on, or whether the advance will
be sustained tomorrow, is one of the things
no one can tell.
The Boston Transcript says that the Oregon
Improvement company proposes to list 50O0,-
900 and 100000 stock, of which 100000 has
been paid for, and certificates are outstand-
ing. The company's earnings in 1889 were,
$3,36l, ,277; expenses, S2,265,Gl3; Sl,096,665
net earnings.
Money is abundant at Al 10 5, and Europe
Is buying Pennsylvania Central.
Officers Of Northwestern say the roads run
ming into the far northwest are not yet clear Of
snow.
A board meeting of Northwestern directors
will be held Friday for declaration of regular
dividends. 1t is not expected any changes in
Omaha property will be discussed before the
June meeting in Chicago.
Josup and Patton reduced sterling rates to
1872 to 4s5, less l.
A Washington special says that the tariff
bill looks dubious; that too much tinkering
may kill it.
London has beon buying Lake Shore
Wabash preferred, Central Pacific, and Den
Fer so the foreign houses say this morning.
Market strong, and not many stocks offer
Ing for sale. Room traders are bullish, and
think the market will harden.
L., &, L.
Lee Ryan & Co. have been large buyers Of
Delaware and LacSawanna at 1924 aud 1928.
Warden & Co. are selling.
1t is said the latter have sold at least $1,000
Delaware and Lackawanna through brokers
since Delaware and Lackawanna was 11S2 Q
week ago. Ja.laJ5 n4a
1t Is stated this firm sell constantly, and
turn the stock, supposed to be for w. IL. Van.
derbilt, on the idea that the Erie lease of the
Atlantic and Great Western will hurt Della
ware and Lackawanna very much when thu
Erie road gets to st. Louis.
1t was announced that Judge Ingraham hat
decided the telegraph case In favor of thu
Western Uni on company,
Money was 3. Traders, led by Mr.. Johnes
were free buyers at the close, with indications
carrying the market higher.
The firm and comparatively buoyant clos
ing yesterday caused much qualification
among bulls uptown last night, who have an.
ticipated another sharp advance.
1t was currently reported that Keene tool
prominent part in the advance yesterday
afternoon which, with the liberal buying O
leaders of the bull side of the market, re-
suited in the sudden improvement.
Believers in the market declare this rise
will continue, as the largest shorts have moi
began to cover, and some more music among
these traders was predicted for to-day.
good demand for all kinds of stocks to Dor
row, excepting some OF the stockholders anC
Gould's stocks, was noIed.
0sborne's people were all very bullish ant
working Delaware and Lackawanna and st
Paul extensively, and the Vanderbilt party il
said to be unqucstionably moving for an ad
vance in their securities.
Tic California party have covered n large
line of shorts, and are buying Erie again.
Woerishofler still believes money will be
come very stringent. The winter wheat crop
he thinks, has been very badly damaged
Yesterdays advance did not surprise him il
view of the oversold market in certain stocks
Bears who claim TO have Gould's conidenct
declare he is not a bull and he is not doing
anything and won't appear as buyer unit
This party predict another stump befor,
Saturday night.
Sage is bull on money, becoming more &C
tive and dearer.
The national associated press advices from
south and west to-day, Wednesday, say thai
two-thirds Of the Gallatin company, Arkan-
sas, is under water at Bald Peak, where the
river is fifteen miles wide; at Caseyville, KY.
that the houses are all afoat, and that the
dwellings at Hickman are under water.
The river is sixty miles wide all tho way Il
Memphis.
LONDON, Feb. %, 1880. United States a.,
declined; Saint Paul advanced II; Erie q
New York Central 4; Hin ois \; Pennsylvania
Central 2; Reading /; Ontario Western d
STOCKS.
The following are the opening, highest
lowest, and closing prices Of the principal
stocks for the day, as corrected by special wir,
reports received by Bateman & Co., bankers
No. CorcOran building:
aAls Il