National Republican., 1883-02-28
THE MARKETS.
A Day Of Fairly Active Trading with a General
Advance in Prices.
The Bun Lenders Hopeful of Further
Improvement.
THE DAY IN WALL STREET.
Spfcial Dispntch.

Special Dispatch.
NEW York, Feb. 2T.--The opening was
firm, but in the first hour trading was very
dull. BY noon an improved tone was notice
able all around, notwithstanding money was
up TO per cent. st. Paul led the market.
Vanderbilts rose ! to per cent the latter be-
ing New York Central The Wabash stocks
and Southwesterns improved sharply on re-
ports Of largely increased earnings. At 1
o'clock trading became very dull. Exchange
was soft and easier owing TO increased offer
ings. Stocks loaned at g to 3 money at to O.
After 2:15 the market stiflened and the nc
tive stocks rose 10 the best prices of the day.
The Wabashes rallied and led the advance.
Delaware and Lackawanna sold freely up TO
1921, and Union Pacific up to 9l2. 1t was re-
ported that Keene had inaugurated q bull cam
paign against the short interest, and this was
the main cause of the upward spasm late this
afternoon. The market closed at the best
prices Of the week, with a good buying for
both accounts
Rumor gives Keene rs the bull leader to-
day. but the outside public should remember
that Keene is very treacherous buyer, as he
may turn loose all his purchases ON the mar
ket ut any moment. He buys for ! per
cent. turn, and for this reason has few fol-
lowers on the bull side. The heavy exports
should give us gold shipments before long,
and should they be heavy the market should
sell much higher against this one thing.
We have depression in the iron trade, the
most important in this country, and we have
great complaint in the cotton goods business.
The railway earnings are large only in the
southwest.
Il, l..
further advance should the leaders in this
rally conclude to twist them.
GOSSIP
Chicago and Northwestern is reported fully
opened for traffic, and all the rolling stock
will be actively employed moving accumu-
lated freight. The St. Paul road is all open
except it's Southern Minnesota division.
1t is announced that the Erie contemplates
leasing the old Atlantic and Great Western
railway, which will give Erie an Independent
route to Sc Louis :E
The Reading railway receivers are making
their final accounting preparatory to turning
the road over TO the stockholders The first
payment Of 100000 toward discharging the
$2,000,000 of receivers certificates was made
by the Union Trust company yesterday, an
other installment will be paid to-day, and the
final amount tomorrow. The stockholders
take formal possession Thursday, and open tho
new books from March
The weather bureau reports that the floods
in the lower Mississippi will reach their great
est height by Friday, and all indications point
to great inundation. Citizens of New Or
leans are greatly excited and fearful for re-
suits. Government property is being rapidly
transferred to higher ground.
The market opened firm, the Germans
buying Wabash preferred. Savin bought
most Delaware and Lackawanna. Tappin
and Drake sold Delaware and Lackawanna.
Drummond and Drake bought st. Paul, and
Osborn & Co. have buying orders in the mar
ket on a SCALE Northwest is bought mainly
by Kimball, Williams, and IL. I. Chapman,
jr. Coombs bought Erie.
EARLY GOSSIP.
The railway earnings, even Of the western
lines which have been partially interrupted by
overhowed tracks, show an increase in many
cases over last year.
Broke rs who are usually the best informed
said last evening that while the general stock
market Is at times very dull and there is no
great amount of trading even by the bulls,
that Indi cations point to q better market and
the market is greatly oversold. Selling of
long stock has evidently ceased, and the weak
holders are frozen out
Some commission brokers had orders in
miscellaneous stocks to buy yesterday, and
report it difficult to get them within / per
cont of previous sales, and the short interest
Is large all around.
Osborne, Kcene and Johns bought u good
many stocks late yesterday.
Sage said he was not giving away advice at
present, but hoped for better prices presently.
W0erishofler bid money up to 8, but after
ward IL lent at AZ .l utT
Said Kidder Peabody called in $3000,0OO.
Sage sold some spreads on Delaware and
Lackawanna for 800 per hundred until Sep
tember at 40 to 40. He also sold spread
for six months on Lake shore, 30 points apart,
for $50 per hundred.
There were one or two failures in London
yesterday on Grand Trunk railway mort
cages.
N Smith says apparent stringency in money
is entirely the result Of bear manipulation.
Chicago teegrams report the Chicago and
Northwestern road still heavily blocked and
the live stock movement wholly suspended
Tho Boston Transcript says the Chicago,
Burlington and Quincy earnings are running
about the same as last year.
The Northern Pacific will resume and re-
open negotiations for the sale of its collateral
trust bonds after the election.
A Kansas'City telegram says the Hannibal
road has been caught cutting Chicago fares
and fined $50. The Wabash was also fined
for cutting.
There is trouble in Chicago between the
fast freight eastward lines and several roads
have withdrawn and refused Merchants Des-
patch cars ON trains.
LONDON, 12:30.-U s. bonds unchanged;
Erie advanced O New York Central, 81
Pennsylvania Central, st. Paul, t; Illi-
nois, I Reading, ], and Ontario and West
ern, !.
STOCKS.
The following are the opening, highest,
lowest ana closing prices Of the principal
stocks for the day, as corrected by special wire
reports received by BRteman 4 Co., bankers,
No. Cocoran building;
y