National Republican., 1883-03-02
THE BULLS AND BEARS.
How They Locked Horns in Wall Street Yes
terday Upon Stocks and Bonds.
The Money Market CLOSED Firm, and ~ is
Believed WIN so Remain.
THE DAY IN WALL STREET.
CDrciai DfsDdfcn.

THE DAY IN WALL STREET.
Special DfsDatch.
NEW YoRK, March 1.-The market opened
stiff, and after brief reaction gradually
gained and advanced TO per cent before 10
o'clock. The improvement was assisted by
foreign buying and the reduction of the Bank
Of England's rates and the reduction of the
rate of exchange. Western Union rose to 63h,
and it was reported in pretty well informed
quarters that the next quarterly dividend
would be II.
Up to p. m. the market was fairly active
and maintained at opening prices. Rock
Island sold up to 1913, aud st. Paul preferred
gained 2 por cent
Money loaned early in the day at to G.
Stocks loaned at 3 to 4.
Wabash preferred was fat, and Reading
fell fiat to LEA for use At p. IN. the general
list was stiff at the best prices of the day,
Lackawanna being especially active and
strong, reaching 1881. Brokers reported that
the whole market had unmistakably i'm
proved, and that the look and indications
were all in the direction of improved values.
Scranton, Willard, and Robinson, and Heck
sher were large buyers Of Lackawanna this
afternoon.
At 2.30 the tendency was upward, and there
was active trading. Seligman, Clews, and
Kissom & Whitney report very good buying
of various stock for investments, aud they
look for a gradual hardening
The market closed strong, and it looks as
If the strength had come to stay.
The Western Union decision has pleased
Gould, and it looks like one Of his bull mar
kets. Osborne and Hen Smith are helping
him. 2'he shorts have been covering freely
to-day. The market has a good look and
will doubtless sell higher tomorrow.
Although the market is little down, the
brokers say that the tone Is strong and inn
proved.
Randall & Wierum bought Reading.
Robinson g. Hecksher and Scranton & Will
lard bought most of the Delaware and Lacka-
wanna. a.a a..
Only traders were at work in Union Pa
cifc
Brandon has about 5000 shares on the floor
for sale at 9l1.
Exchange declining has helped the market
to-day.
The actual increase in New York Central
earnings for four months to Feb. was ST.
$4,000.
The next directors meeting of the Western
Union for dividend action is on the eighteenth
instant.
1t is reported that Keene sold Cammack a
nine months put this week on 5000 North
western at 100 for 1 per cent.
Tho governing corn stock exchange has
forbid borrowing money or stocks in board
before 10 q. m.
Reading is fiat to 1-8i.
Wabash preferred is also fat.
Money can be had at from to @.
A Philadelphia dispatch says that about
1900 shares Of Pennsylvania railway has
been taken for London during the past two
days. Should the proposed increase in the
capital stock of $50, 900 be asked it will, it
Ia said, be granted.
Tho weather in the west this morning is
spring like.
The market opened about the same as at
the closing yesterday. Later there was more
disposition to realize.
Stocks lend at from 3 to A.
Exchange is reduced to 4s5; at sixty days
unchanged, 492a.
AL. King bought 1000 Western Union on
the opening Of the market. Van Emburgh
bought considerable Western Union, and
Setback sold. Sternberger bought Lake Shore
for London account. Bird sold Lake Shore.
Demott sold 1000 Delaware and Lackawanna.
White Morris and Rees bought st. Paul COM
mon.
MORNING GOSSIP.
Goud's friends say that he has been long
waiting for favorable decision in the Will
Jams injunction, which has just been rem
dered, and that he is now very likely to be
heard from upon the bull side
The largest commission houses are again
talking bullish, and some who have been bear
ish have advised their customers to buy good
stocks and keep them. Such concerns as Will
liam Heath s. Co.. L. L. White s. Co., Henry
Clews, Timpson & Co., and large number OF
foreign houses (many of whom have been adj
visiug nothing for a long time) now believe
in higher values. Henry Clews says he is de-
cidedly bullish and after five months of de-
preston and reaction looks for a continuous
and steady advance for ninety days to come
and he tells his customers to buy stock.
Brokers report that the general speculation
Is assisted materially just before closing by
the statement that gold is now nearly at a
shipping point from London, and that about
$3,000,000 is likely to come here imme-
diately.
Charles Johnes was n large buyer of the
market late in the day, and declared he was
a bull and going TO stay.
osborne's people continue buying st. Paul
aud Delaware and Lackawanna largely. The
5000 Union Pacific sold by Randall & Wierum
yesterday are said to have been for Woerishof-
fer. The latter is said TO be still manipulate
ing money TO produce an unfavorable bank
statement on Saturday. 1t is stated that the
Western Union dividend rate will be raised
this quarter to II.
LONDON, 12:30.-Bank of England reduced
to 3; Pennsylvania Central advanced q; On
tario and Wectern advanced 4 Illinois ad-
vanced st. Paul advanced t.
STOCKS.
The following are the opening, highest,
lowest, ana closing prices of the principal
stocks for the day, RS corrected by special wire
reports received by Bateman & Co., bankers,
Ia 1 (orcnron hui1dfnu.