National Republican., 1883-03-06
REVIEW OF THE DAY.
Special Dispatch.

steamer. Atterward came tho announce
ment that 100000 had been withdrawn
from the Bank of England for America.
This news stinened the sto elk market on the
second CALL and there was good investment
buying reported.
Money went up to "a bid this afternoon.
After 2:15 p. m. stocks became boyant and
money eased down to 3 per cent.
The market closed firm, with an advancing
tendency. The buying has been of the very
best to-day, and there is good evidence of an
"old time" bull market. Should prices ad
vance tomorrow as they have to-day it will
cause bear rush to cover and carry tho
market much higher. All the conditions
favor further advance.
FACTS AND FANorEs.
About 100000 of Texas Pacific incomes
have been bought since Saturday fIom GA up
to &c. 1t is said a synd icato of English capi-
talists have bid $40 per acre for vast tract of
this company's land. The bonds are secured
by about 1000, 900 acres of land.
Money is at and hard to get. A prominent
German banking no use reports from $2,000,-
600 to $4,000, 900 in gold coming by the next
English steamer. Exchange is weak and
buyers Indifferent Brokers report invest
ment buying stocks good, but outside specu-
lation is tame yet.
London at 430 p. m. reports Eric higher;
common stocks higher and hardening; bank
er's discounts % per cent.
Large traders are buying freely, and tho
brokers of Gould, Keene, Smith, and Wander
bilts have been liberal buyers. The room
traders arc generally bullish, and led by
Johnes, Prince and Whitelcy bought 10000
shares of Erie this morning.
Money was offered at D.
1t is reported that Woerishoffer has several
brokers taking all the funds they can get up
to 6 per cent, and another shipment of money
to Boston is proposed. William Heath & Co.
bought New York Central to-day. Bird &
Davis and Tileston bought St. Paul common
and the sellers of st. Paul were Lcavitt,
Amory, Randall and Van Emburgh.
The Germans borrowed through Mr. Frorlr
$75O,000 at this rate early this morning. The
effect Of the tariff bill, and they are lower
to-day. The bearish article in tho Indicator
precipitated the raid on st. Paul.
A Chicago Tribune dispatch says the blow
to the Wabash Pacific Railway company
through United States court verdict at In
1ianapolis last week, was very severe, and is
likely to drain the treasury, which is re-
quired to pay almost Immediately u million
of dollars. Ifnot paid before May a further
judgment Of 100000 is allowable, and the
property may be sold to satisfy the Judgment.
The company has taken no appeal
MONDAY MORNING GOSSIP.
The passage of the tariff bill caused general
satisfaction in financial and stock exchange
circles; at the uptown resorts Gould was at
the Windsor hotel and expressed his satisfac-
tion that the bill had become n law, and be-
lieved it would improve the general situation
Immediately in Wall street. He was very
bullish on stocks, predicting great spring
rise. The stringency in money he declared
to be the result of manipulation by the bears,
who had locked up five millions. If this
party succeed in running the premium up to IL
or 10 per cent, he thought Europe would send
=
orally expected that the stock market will be
great deal better to-day. The most con-
servative traders were bullish and long of
stocks, and the brokers agreed that tho market
looked healthy, and was going to be better
right along. A prominent executive officer
ofa western trunk line, who had Il large
amount Of money to loan, said he had been
unable to find borrowers for all his funds,
even at 5 per cent. on call.
The bulls in Northern Pacific talk of 55 for
common and 80 for preferred before Satur-
days closing, and the friends of Union Pacific
report good new buying for long account.
The bears on Missouri Pacific declare that
any upward turn in these stocks is purely tic-
titious and to twist the shorts. They say
Jim Keene was forced to cover on Saturday,
after which the pool fed out stocks to the hun
cry lambs. Bears led by Cammack and Worries
hotter are very rabid, They predict severe
breaks as the effect Of the increasing money
stringency and commercial failures. Cam
mack's friends say he still holds 5000 shares
out of the $4,000 Of Denver he originally
bought.
The Denver bulls threaten war of rates
with the Union Pacific on Salt Lake business,
which will be very hot, &C., &c, Jim Keene
IS now given the credit of being the principal
supporter OF Union Pacific.
The Vanderbilt people are great bulls on
Michigan Central.
Seligmans estimate of foreign buying dur
ing the past month is between 100000 and
100000 shares.
Gould's friends think he will leave this
week for New Orleans to spend March in the
south. He says Western Union will pay II
dividend.
Fink has resigned from tho trunk line pas
senger pool. Pierce, of the old Colorado pool,
succeeds him, but Fink remains in charge of
the trunk line freights as heretofore
LONDON, 123O.-United States bonds un-
changed; Pennsylvania Central advanced !;
Erie, ! /; New York Central, Reading, 1
Ontario and Western, 4 st. Paul, !, and Illi-
uois Central declined !.
STOCKS.
The following are the opening, highest,
q a. a