National Republican., 1883-08-17
THE MARKETS.
Wall Street is Still Feverish and Easily Moved
by RumOrS Of All Kinds.
Bait that Must be Very Tempting to Ont
side Lambs.
GOSSIP.
Special Dispatch.

NEW YORK, Aug. 16.-The strong closing
yesterday caused more confident feeling
among traders last night, and it was not
thought that further embarrassments would
affect the market
The brokers say that Morgan, Smith, Con-
nor, and Woerishoeffer all bought stocks
literally.
Woerishoeffer said last night that no did
not see much in the market to buy upon,
and the short interest has been pretty we'll
covered.
Other bears said that the market would
react, and that prices had not reached their
proper level yet.
. Osborn returned from Saratoga last even
ing and said there was no big pool formed
there and in New York to buy 100000 shares
of stock. 1t is understood that there is a
strong party in the coal shares, and that
further advance in coal prices on the first Of
September will be the signal for an advance
in coal stocks. Thore are straight points to
buy Texas Pacific for about por cent.
The Northern Pacific bulls say they are in
different to the bear attacks made upon these
stocks, because they have the backing Of the
Rothschilds, and they will buy them when
ever they are raided. 1t is expected tho
Northern Pacific company will to-day declare
81 or per cent. on preferred stock.
Russell Sage said last night that the finan-
cial and commercial conditions showed that
during the remainder of this year that prices
will go higher because of tho wealth of the
country, abundant harvests, &c.
The Treasury bond circular under the 12lst
call orders the purchase of $5,000,000 weekly,
beginning Aug. 25
Boston advices report Shaw Bros failure to
have been more serious than first announced.
Liabilities exceed S7,500000, only $i,000,000
are secured, and had bad and indifferent assets
to S5,500000.
One of the chief striking operators of the
brotherhood returned to work Mt the Western
Union main Office this morning. The strikers
offered their services to the Postal Telegraph
company, but the latter say ut present there
is no occasion for their services.
REVIEW.
Stocks opened very strong. Wabash COM
mon, Jersey, North Pacific common, and Pa
cific Mail were to I higher. By IL o'clock
Louisville, Oregon Transcontinental, Missouri
Pacific, Wabash preferred, Denver, st. Paul,
Northwest and Michigan Central had risen
to II, Louisville leading.
The room traders generally bought, and
market looked strong during first hour. In
the loan department the general rates went
to 2. Jersey Central lent for and interest,
and New York Central 1-32 and interest.
At IL noon stocks were considerably below
the best prices of the morning. Richmond
and Danville was quite strong. Western
Union fell 2 per cent from best figures to 72t
The coal trado orders were big to-day, and
it is said by authorities that prices will ad-
vance on Sept. /.
The marked weakness in Western Union
to-day was on a report that the l.. ID. Morgan
estate had offered its holdings to Gould ut q
price 8 per cent. below the market, and that
he did not consider the offer.
On the second call there was rally Of to
1 on Western Union. Woerishoetfer sold
stocks all day. The Mills people have been
heavy sellers of Erie, Harding sold 5000 to
10000 shares short, Flower 5000, and Savin
$500.
Bissell was the biggest seller of Western
Union, and he called up 10 per cent. in trust
posed for Russell Sage. During the last
hour the market improved. There were no
failures reported to-day.
STREET CHAT.
The market opened strong, Texas Pacific
being firm feature.
Wormser bought New York Central, and
Buckingham sold. Little doing in New York
Central or Loke shore.
w. G. Sheldon, Prince & Whitley, and
Paulding & Son sold Oregon Transcontinental.
The buyers were Sweet, Wadsworth, and
White. McMicken bought 1900 shares OF st.
Paul, which was sold by DIR. Shelton.
No feature in Western Union but indispo-
sition to trade. The principal sellers of
Western Union We're Lebair and Enos s. Co.
Mccormack was the largest buyer.
Vanderho sold 1000 Union Pacific. Jer-
sey is lending for and New York Central
1-32. Others 192 Exchange unchanged.
1t is reported in the stock exchange that
the Northern Pacific railway directors will
pass the dividend to-day, but nothing posi-
tive is known.
Philadelphia telegram says it is author
itatively stated that anthracite coal will bo ad-
vanced Sept l. The advanced tolls, east and
west, are voted by the Reading company as
worth not less than 100000 per month, and
that this falls business will be the largest
recorded.
1t is learned from the Rock Island office
that the July earnings were even with those
of last year, but thus far August is ahead.
MIR. Jesse Seligman says this morning that
his firm is buying very largely of stocks to-
day for new foreign accounts.
Government bonds strong, sterling dull
LONDON, Aug l6-Erie, IL higher New
York Central, unchanged Pennsylvania Gem
tral, higher; Reading, higher; st. Paul,
higher.
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 d Co., bankers,
No. 14ll street northwest:
"A