National Republican., 1883-03-09
THE MARKETS.
RumorS Of Coming Gold Causes an Improved
Feeling in Wall Street
The Bank Rate stIII Very High-A slight
Advance All Along tho Line.
THE DAYS TRADING.
Snsnioi DisDulcA.

NEW York, Mar. S.--The opening was dull
and firm, with no especial feature. There
was one good buying Of telegraph soon after
the opening, and the largest orders appeared
to come from London. By noon Western
Union, Delaware and Lackawanna, st. Paul,
Denver and Rio Grande, Rock Island, and
other stocks improved to 2 points. West
crn Union was bought by Prince & Whitley,
Heath, Handy, and Hoyt, and was sold by
Horton and Grant 4 Ward. On the second
call the market continued strong, tho COM
mission houses were buying a good many
stocks, but trading was slow. Money con-
tinued stiff, with rates as high as 12. Stocks
loaned at 6 to 8, Lake Shore at 6, and Reading
ut 4 to 5. Sterling was quiet and dull.
United States As 6rmer, and the demand
steady.
Up to 2p. m. money was at g. and it was
announced that the bears had sent lot of IL
to Boston.
1t is reported that 100000 sterling is en-
route to America. Consols declined 7-16 to-
day in London on loss Of specie.
There is q growing belief in the intention
Of the Western Union to declare a IL per cent
dividend, and the encouraging reports Of
large specie shipments from England have
been the predominating influence affecting
the market to-day. The latter fact is a most
encouraging feature, indicating, as it does, a
large balance of the trade in our favor.
The bear element will find 1t difficult mat
ter to manipulate money as dexterously as
they could desire in the face of such ship.
nents Of the "needful" as are reported in
to-days cablegrams.
GOSSIP.
The brokers report that there are fewer
long stocks now pressing for sale than is
generally supposed, and the market has
very firm undertone, with short interest es-
timated at 25O,000 shares. Many operators
say Gould is still boosting the market, and
that his influence is for high prices, notwith-
standing the fact that he has left for Florida
on short trip. Trading yesterday was un-
important and without feature, the dealing
being by professionals, the outsiders doing
little. 1t is said that the Missouri Pacific's
annual report will show about 1864, 900
net above fixed changes or triAe over 10 per
cent. on the stock. The Western Union divi.
dend will, il is believed, be II per cent, as
recommended by the executive committee
yesterday. Gould said before leaving yester-
day that he was confident higher prices would
soon be the rule, and he believed the high
money rates would bring European gold here.
1t was reported last night that gold from
Bremen and Havre had heen shipped Satur-
day. Washington kilograms say President
Arthur and Secretary Folger have been ap-
pealed to to relieve the money stringency and
may anticipate the May call of 5000, 600
Of bonds.
Young Morgan, jr., and the vice president
Of the Missouri Pacific will be made directors
of the Wabash at the annual election.
dispatch from Pittsburg says the break
in oil yesterday was because of another
"gusher," the McCalmont well, which flowed
90 barrels the first hour. 1t is now rated as
sn 1,s0o barrel WELL v,y ., va
The bears say London sold here heavily
yesterday.
Cammack predicts dear money until April
is, and says money won't come from the west
until May 1. -,..-.s
Reading lower; Pennsylvania Central 4
lower.
Stocks opened dull, firm, and without
especial feature.
Prince and Whiteley brought Western
Union.
Stocks are loaning at 6 to s, Lake Shore at
Q, and Reading at to 5. Money is about 0.
1t is reported that large bankers are putting
out funds literally on six months loans.
London kilograms report Virginia consos
fell from 45 last night to Al this morning, and
later rallied to 49,
Washington private kilograms say Folger is
considering a plan to ease the tightness of
money.
Selgman says four to six millions in gold
Is coming right along, and he received cable
grams this morning informing him of the
shipment Of 100000 sterling from Southamp-
ton to his firm.
The vice president of the Jersey Central
railway said to an acquaintance yesterday
that the net earnings of that road last year
was s4,s290oo against A,74oo0o for the year
previous.
v United States As were firmer and in de-
mand 3's and 3a's were steady sterling ex-
change quiet at soi to and s2a and SO.
Gould said yesterday the Western
Union would very soon be placed upon
the London board, and that John
Pender and his friends already
that Western Union will henceforward be
7per cent dividend, and that the English
will like 1t at 80, and consider it very cheap
at that.
Baltimore dispatch quotes Virginia con-
soils at 40 a fall Of l6 per cent. since Saturday.
Advices from Richmond state that the court
will decide that Virginia must pay the
coupons.
Chicago dispatch says the Saint Louis and
San Francisco road are cutting rates by way
of Missouri The Chicago and Rock Island
railway is distributing seed corn free to farm
ers.
Another considerable amount of money
has been shipped from here to Boston to-day.
The bears sent it.
LONDON, 12:30,-Trited States as lower;
ASA higher Saint r nj advanced l Ontario
and Western /, and New York Central 4.
STOCKS.
The following are the opening, highest.
lowest, and closing prices of the principal
stocks for the day, as corrected by special wire
reports received by Bateman & Co., bankers.
No. Corcoran building:
"A !, - -