National Republican., 1883-08-30
THE MARKETS.
A Marked Improvement in Stocks Just Be-
fore the Close.
The Speculative Current Turned I'm the
Direction OF Higher Prices.
GOSSIP OF THE STREET.
Special DtsuO'ch.

tbS0ll VI I'M Hlhhhis
Special Dispoca.
NEW YORK, Aug 2o-Tho marked improve
ment established just before the closing in
duced quito y bullish feeling and impression
that hard pan had been reached for active
stocks, and that the market is going to be a
good deal better. Mr.. Keenc who has for q
long time been bear, and short of the market
considerably, now says he has covered and
gone long, believing that stocks are pur-
chase. Mr.. James Seligman thinks the pros
poets are good for an advance of TO 10 per
cent II. N. Smith believes tho speculative
current has turned in direction of higher
prices.
The bull houses in the street are eucour-
aged and enthusiastic over the Improvement
and declare that the market has just begun
to 20 up good deal. Thoy say the bears
have hammered the market to buy upon. and
they predict that the remainder of the week
will be bull one. Russell Sage tells his
friends that stocks are cheap (as usual and
he has confidence in stronger and much
higher market. 1t was rumored in the board
yesterday that Woerishoetfer had turned
bull and bought from 10000 to 100000
shares of stocks, but ne said last night
it was not true, and he had much
apprehension for the crop owing to tho cool
weather and prospects of severe trosts in the
west The raid on Lake Shore yesterday was
partly owing 10 runOTS UuuD W. ~. NtuutI-
bilt had been selling and that the dividend
on next quarter would be only IL per cent
There was also u story of frost in the west
but the signal service denied it, Mr.. Morgan
returned from Newport yesterday rather
ibullish at least he would sell nothing short
Travers continues q bear.
Western Union was bought up to ut by
Sternberger & Fuld, and II. |. Nicholas was
also buyer. Van Emburgh is selling North
ern preferred, and has been selling Lacka'
wanna, Sternberger Il Fuld sold Lacka-
wanna and Flower and w. L. Stow were buy
ers. Youngs and Morse have been heavy
sellers of Northern Pacific common, and the
buyers were H. Wilson and Coombs. Henry
Glenn bought Lake Shore In New York
Central Greene bought $500 altogether; SELL
ers were Minton, Fanshowe, Buckingham,
and Lanier. In st. Paul Wadsworth was the
largest buyer. Carey sold st. Paul The
cottolf people estimate crops of 1913 will
round 100000 Exporters here are said to
be short of early shipments Several vessels
have been chartered to carry new cotton.
The feature of the market this afternoon
was the selling of New York Central on seller
Cos at 113a to 1871. 1t is understood to be for
the amount of q bear pool, but the sellers APP
pear to be Woerishoeffers brokers Cox, Nc
Cormick Sternberger & Fuld, and Butler "
Gross.
The North Carolina crop advances are un-
favorable, and the Texas reports are no better
per cent. short taxing July as basis. The
North Pacific railway people now in city
declare that the wheat crop along the line has
all been harvested, and the yield is fully up
to the average.
The Denver presidency has not reached any
definite result, Woerishoefler says.
A dispatch from Washington announces
that less than 100000 of the $5000,G00 bonds
tho government offered to take have rs yet
been received at the Treasury department
The market as whole was strong on the
opening, but suddenly weakened on a break
of l per cent. in Northern Pacific common
The next greatest decline was in Denver-3
Both recovered on rally at about IL o'clock.
The whole list, excepting Reading and Jersey
Central, then became weak, and prices were
to below the opening, especially on Den
yer and Reading. The Gould shares,
Michigan, Central Pacific, and Canada
Southern were dull but strong features.
Regarding yesterdays rumor of new
issue of Oregon TranscOntinental bonds, it
said there are well informed people who in
the face of Wizards statement to the contrary
hold to the belief that the issue will be made
and that the Farmers Loan and Trust COM
pany will trustee the mortgage. 1t was re-
ported to-day that Oregon Short Line bonds
were offered Saturday in the street 20 per cent.
below the market. This may he owing to un-
paid assessments on them. Money lent at ga
% in the forenoon. Jersey lent for 1-32,
New York Central 1-64, and Lake
Shore fat. Government bonds were strong.
Sterling was steady. There was a re-
newed weakness about noon and a decline
of for Western Union, IL for Louisville. A
lot of New York Central seller Cos at 113t to
4 were put out in WoerishOeffers interest, at
least his brokers were prominent in the mat
ter. Business was light OH the second call,
and money loaned at %. The Denver presi-
dency seems to be in the market again.
Sellers of Denver this afternoon were Van
Emburgh, Slayback, James, and Durand. ltwas
reported this evening that Keene was again
selling the market. The lowest prices were
current late on tho second call. Lake Shore
was the weak feature in the last hour, and it
was reported that Woerishoetfer and Smith
were both selling tho stock. After 2:30 the
market seemed weaker than at any time since
the opening. Stocks closed weak and irregu-
lar at the days lowest prices.
This mornings Chicago Tribune says: Slight
frosts were reported in various points in Iowa,
but no damage done the corn. The harvest
is we'll under way in Minnesota, with splendid
crops, and the news is cheering from the
northwest in general, Illinois, Wisconsin, and
elsewhere. Weather at Chicago clear, 500.
On opening Van Emburgh sold $500 Lake
Shore and Drummond also sold. Van Slyck
& Williams bought 1000, and other buyers
were Fanshaw, Campbell and Bouvier. George
II. Greene bought 1000 New York Central.
LONDON, 12:30.-Erie J higher, Reading
higher. New York Central higher, and 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 & Co., bankers,
~.