National Republican., 1883-01-18
THE MARKETS.
Continued Improvement in Prices in the Wall
Street Stock Exchange
Orders TO Buy Coming from the Country
and Across the Water.
BUSINESS IN WALL STREET TO-DAY.

Special Dispatch.
New YORK, Jan. 1.-THE market opened
active and hardening. More outside buying
and recent frmness is attracting foreign
orders. Delaware and Lackawanna was
traded in very heavily, and WoerishofIer and
other Germans covered large shorts New
Jersey Central rose fast, and it was said that
Kcene's brokers were bulling and buying and
advising their friends to catch on.
The general list on active stocks fell in line
and marched to bull music.
On the second call stocks were less active
and a shade easier. Money loaned at to 4l ;
stocks, 3 to 5.
Early in tho last hour tho market was
strong and firm. Memphis and Charleston
was the only exception, declining to 45.
The Vanderbilt stocks were strong but dull
and only fractionally higher.
The trading to-day has been the best Of the
month, and outside buyin g is quite noticeable.
The market is closing stiff, and Gould
brokers are buying freely.
The ma. llet closed strong and bouyant at
the very best prices of the day, and the buyers
of last week arc beginning to feel that at last
we are to have a bull market, and that the
promises of the bull leaders are likely to be
carried out. The buying has been very good
by all the chief manipulators, who have in
creased their holdings. Very little long stock
has been offered.
Tho buying by outsiders and for foreign ac-
count has been very good all day Tho very
best advices report that considerable ad-
vance will be made in Texas and Pacific, Kan
ptro1
Northern Pacific stocks during the week. The
market is safe purchase for a rise of from
to 10 per cent. We will, doubtless, have a
reaction the last of the week, which will be
but u better basis for further advance.
The big men are where they have to go
through with their programme. They have
got their stocks and they have TO push to a
much higher range of prices to sell on rail-
way earnings, and exports continue enor-
nous.
Brokers report Gould to be n large buyer of
general market this afternoon.
Van Emburg is buying Denver and New
York Central Chaplin is also buying Denver.
1t is reported on tho board that the North
western earnings are $6S, 900 of, but the report
has not yet been received ut the office of the
company, and is not generally credited.
The Ontario and Western railway to-day
held its election of directors, with the follow
ing result: Winslow, Woerishefier, Porter,
Houston, Jonrdah, Avery, Nesbit, Adams,
Green, Corda, Clark, Taylor, and Mansfield.
The court to-day modified the order re-
straining the transfer of Western Union ex-
cept so much of the $15, 100000 as may be still
in hands of persons to whom they were
originally issued.
Elisha Atkins telegraphs from Boston that
the government directors report on Union
Pacific is sure TO be very favorable. The
stock exchange-is full of points to buy Ohio
and Toledo. Hotchkiss, Bunnham & Co.
bought largely of Ohio and Toledo to-day.
Woerishofer is very bullish, and is buying
Delaware and Lackawanna for his own ac-
count all morning
Stocks are lending at 3@5; New York Cen
tral and Delaware and Lackawanna, 3, with
sharp borrowing demand for the latter.
Keene's brokers were large buyers of stocks
this morning Victor Newcomb is a bull on
Louisville and Nashville for 75 to so.
Money is offered at per cent. Old gov
ernment bonds are dull, and banks arc run
ming on 3's against As and 4l's.
Seligman d Co. report London feeling bet
ter to-day OH American securities and free
orders by cable TO buy here for london and
Amsterdam. Cotton is a shade easier The
'shrinkage on the value of this years cotton
in consequence of the low price prevailing is
estimated at S66,0OO0OO. A Philadelphia dis
patch says that the signatures desired from
executors of the late Moses Taylor reported
delayed taking Reading out of the receivers
hands.
Leading operators, such as Osborne, Woeris-
hotter, CammaclS, and Smith, were in consulta-
tion again last evening, and are still in thor
ough accord in bullish views. Cammack said
one stock after another would be advanced,
as Jersey Central was run up yesterday. He
had been surprised at thejumpin Jersey Cen
trail, and had been caught short 500 shares by
mistake, which he had to cover at 731, and he
believed Jersey Central to be going higher
He did not know who was the principal pur-
chaser of it, Mr. Smith said he was equally
in the dark as to the manipulation, but had
little interest in Jersey Central, but thought
it would go to So on its merits.
Reading railway people here think Wander
bilt people are chiefly buying Jersey Central
in the interest Of the Reading.
Mr. Gould's brokers bought good deal of
Jersey Central yesterday, and so did Keone's
brokers, although the latter was in Newport
1t was thought Kecne was covering shorts
Brokers say the general market was excess
lively manipulated and the short interest froze
out, In Delaware and Lackawanna alone
fully $4,000 shares short were covered.
Some Of the commission houses and good
traders said last night that they had stopped
buying, for the moment believing reaction
to be in order to-day or tomorrow.
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 Batcman & Co., bankers,
No. Corcoran building;