National Republican., 1883-06-11

the professional traders selling the market
furiously, st. Paul in particular being fercely
hammered and sold down 1 per cent. from
the opening Jersey Central was about the
only active stock on tho list, which held its
own. IL was claimed by the bears that Gould
was selling the market, tho trunk limo pool
was going TO smash, &C., &c, and tho market
closed dull and weak, which, contrary to all
expectations and predictions, opened on Tues
day much stronger, with less disposition to
sell. This feeling existed all day, closing
stiff at to S611 per cent. advance.
On Wednesday the market showed very
strong undertone, Jersey Central in particu-
lar being very strong and lending fiat.
There was scarcely n quotable reaction the
whole day. This healthy feeling was caused
principally by glowing crop reports from the
west The feeling at the close on Wednes-
day was the strongest OF the year.
Thursdays opening was active and dearor,
the features being Union Pacific and Western
Union, which were exceptionally stiff New
York Central also advanced in tho face of
lower London prices. On tho afternoon call
Western Union reached 81 on heavy trading,
based partly on reports of the sale of large
block of tho stock in London, where tho
shares are to bo listed. At 800 stocks re-
acted to per cont. under sales to realize
profits. This was followed by slight rally,
but at the close tho market went off again,
days best prices. This reaction was regarded
as but natural, and indicating healthy tone
to speculation.
AT Fridays opening stocks were neglected.
Bulls announced that they had realized, and
expected reaction as soon as the absence of
support was detected, but the reaction was
not as great as even the most sanguine bulls
| expected. At noon the market suddenly be
came buoyant and there was a sharp advance
in prices, Northwest leading in the upward
| movement, followed closely by Jersey and
Denver. From 230 to tho close there was II
fractional reaction and stocks were Inactive
to the close but n very bullish feeling pre-
vailed ON the board.
On Saturday tho market opened with q
! boom in Delaware and Lackawanna Jersey,
and Reading, reaching 1 point advance in u
few minutes on reported agreement of these
companies to control the coal trade. The bal
ance of the market advanced in sympathy,
and Durkee began buying Erie at 36l, carry
| ing 1t to 371.
Trading in Reading was very heavy, with
large orders for blocks at the market.
Stocks loaned generally at ., Jersey fat to I,
Lackawanna to 1. Money was freely offered
| at 81. Governments strong, and large orders
| in 3's and 44's. 1t was reported that some
bonds were offering from London sterling
| exchange weak.
The railway traffic returns to-day for May
were excellent.
The news concerning the iron traffic was
likewise of encouraging character.
The bank statement to-day was unimport-
ant in its changes, the reserves showing de-
| crease Of only S745
On the second call the market was to
off and little dull as usual on Saturday
afternoons in the summer. The general ad.
vance in active stocks to-day is TO 14-Read-
ing showing most gain. The Changers were
not very active. After 2:30 p. m there was
some realizing sales and tho coal shares re-
acted to ON denials from officers of the
coal roads here of any new combination to
control the coal trade.
The market closed steady with the same
strong undertone which has characterized the
market all tho week, notwithstanding the
regular Saturday afternoon realization.
STOCKS.
The following are tho opening, highest,
lowest, and closing prices of the principal
stocks for the day, as corrected by special wire
reports received by Bateman & Co., bankers,
| No. 1411 + street northwest: