National Republican., 1883-02-06
THE MARKETS.
A Weak Opening, with Pressure to Sell, Fol-
lowed by Sharp Reaction.
The Market CLOSED Firm, with Good Buy
ing for Long and short Account.
THE DAY IN WALL STREET.
Special Dispatch.

mum lOr bnc use OF SuOCkS ranging IIOn Log
to 1-16 of / per cent. London was reported to
be buying Vanderbilt stocks 1t was also re-
ported that Vanderbilt and Gould were each
buying, but by noon fresh selling movement
Inc an, and the whole market nattened. In
fact. the only stocks at all sustained were
Northwest and New York Central.
Union Pacific railway and Western Union
fell 1 to II. 1t was reported that Keene
bought some stocks TO cover his shorts this
morning. The bears didn't believe Wander
bilt was buying, and strong story was crcu-
lated in the board that he was liquidatng rs
fast as buyers could be found without break
ing prices.
II. Il. Flowers was n prominent seller of
Lake Shore to-day, and Clark Dodge & Co.
sold Louisville and Nashville.
Shortly after noon the market became a
trne sitter, but with no especial strong
feature except Northwest.
Government bonds were dull and without
movement owing to the irregular stock
market.
Sterling reduced to-day. Money was offered
at 3.
Stocks, aside from those mentioned before,
lent at 9 to 3.
Private cablegrams reported that not moro
than two-thirds of the usual planting of wheat
had been done in England and on the con-
tinent, and high rates for grain were pre-
dicted.
On the second call prices went up, and tho
Vanderbilts advanced active and harder. The
Vanderbilt brokers refused to lend their
stocks to the bears and they generally COM
manded a premium.
In tho last hour tho market is closing
strong, with to per cent. advance from the
lowest prices.
The market closed firm, with good buying
for both long and short accounts. BY reading
the early morning pointers it will be seen that
tholeaders give out predictions forloworp prices,
nevertheless the market closed from to 2 per
cent. higher than it opened. We have often
ca led attention to tho unreliablity of what
the bull or bear leaders in the market say. In
the language of q prominent clergyman, it is
always safe to copper their remarks.
POINTERS OF THE MORNING.
Tho short interest is very large in Union
Pacific.
The Chicago and Northwestern official earn
ings for the fourth week in January de-
creased $64,S77. The total for the month de-
creased $262,230.
Omaha decreased for the fourth week in
January $21, 500; total decrease for the month";
$25,7OO.
Harry Watson bought 5000 shares of Della
ware and Lackawanna. Northwest common
lentas high as L.
Henry N. Smith decided to-day to call, in
his stocks from the street and put them in
loans.
Northwestern and Lake Shore arc lending
at 1.32 to per cent, and New York Central
fiat.
Vanderbilt brokers refuse to lend any
stocks.
Kintner sold 1000 Lake Shore on the Sec
ond call.
If the bulls should call in these stocks, it is
said there would be sharp twist.
The best inside information this evening is
that the general list will advance considera-
bly, within forty-eight hours, and there are
now strong capitalists ON the bull side who
have been out of the market for long time.
Northern Pacific earnings for January in
creased $l46,667
At Chicago the thermometer marks 100 be-
low zero.
The short interest is very large, but promi-
nent bear houses have been buying stocks for
long account. 1t is believed that Vanderbilt
and Gould also bought stocks this morning
Money in London opened at 81, United
States bonds were dull to-day in sympathy
with the stock market
Conservative brokers say that while there
has been somo considerable further lquida-
ton this morning. There has been no ex-
traordinary depression, and they look for sharp
rallies during the day.
BEAR POINTS ON BULL DAY.
The stock market ut the close on Saturday
was slightly steadicr and inclined to rally,
yet there was no confidence expressed yester-
day in another bull movement for some time.
1t was agreed on all sides that confidence for
the moment had been too much shaken and
individual losses too great to reasonably eX-
poet immediate improvement.
Vanderbilt and Gould, their friends say,
bought stocks when most ragged ON Saturday,
but neither will be likely to attempt TO force
the market very soon, as neither are satisfied
with the attitude of congress and state legis-
latmes upon railway matters. No attempt
was made to conceal the fact that Osborn
was frightened, and led the bull panic Satur-
day, and stated he began by throwing over
$4,000 of ST. Paul, about 10000 of Delaware
and Lackawanna, and Il batch of Lake Shore,
and also considerable Louisville and Nash
vile. Other members Of the pool followed,
and the movement became general on all eX-
cept Northwestern and Denver, which they
held.
The bears on the market say that the failure
of the movement to advance stocks may be
attributed, first to the fact that there was no
public buying secondly, Vanderbilt and
Gould SKINNED the cream to themselves and
have been filing up the pool from their own
bags for month.
Keene says the bull combination lost a
$1,OO0,O0O by this campaign, and probably
held between 100000 and 100000 shares OF
stock, the most of which they were compelled
TO sell. Some brokers report that there hasn't
been such clean overthrow Of a bull pool in
ten years, and as q result there are numerous
predictions now of duh general market foi
the rest Of February,
Smith continues TO talk bull. Conner OK.
poets that the January returns of southwest
ern roads tomorrow will show big increase
Sage continues to declare there was no cause
from the break in Saturdays market, and he
balfoVou Nan1a,,,tlt ,,,I