National Republican., 1883-09-12
THE MARKETS.
Evidence Of the Presence Of q Strong Sus-
taining Influence in Wall Street.
Failure OF the Froat Reports and Adverse
Rumors 60 Depress Prices.
Speofai Dispateh.

NEW YORK, Sept. 11.--Nearly everybody
last night uptown expressed surprise at yes
terday's strong market in view of the bad
crop news, and the bulls were as much aston
ished as the bears. All agree that n master
hand came to the support of the bulls, aud it
was Could who probably bought 100000
shares. Thus the market was steadied and
turned upward. The Vanderbilt party also
bought, and the brokers say the large traders
did not attempt to make realizing sales TO
any extent on yesterdays advance. 1t is re-
ported that the Vanderbilt's bought consider
able Reading yesterday. Sage talks bullish
on Lake Shore and tho general market.
Most of the largo traders, especially those
long" believe the tendency iavors much
higher prices, aud there is a stroug combine
tion proposing to sustain the market against
raids, but the street is distrustful of the crops
and the bidders and wont buy Tho room
traders ore generally bullish. There is said
to be early promise of another government
bond call of $20,000000 in consequence of
surplus funds in the treasury. There is q
bull pool in Oregon Transcontincntal. which
talks rs for the stock by Saturday. A Chicago
dispatch this morning says tho Rock
Island, Burlington and Quincy and
Northwestern roads, comprising the Iowa
pool lines" will to-day adopt the st. Paul and
the Wabash cut rates between Chicago and
Omaha, which were reduced So yesterday by
these two latter companies. British expert
accountant who has just been over the Don
yer and Rio Grande's annual statement finds
a deficit Of $36O,000, instead of surplus Of
$55,000.
In New York the weather is cloudy and
chilly.
The special weather reports, by private
wires, from the west and northwest this
;e 1tp,V
throughout the entire corn growing section
and reaching eastward. The general weather
is fair. There was no frost anywhere in the
west, and the temperature during the night
was moderate.
1t is announced that gold to the amount of
100000 is en- route from Europe; $500,000 of
this Is consigned to Heidelbach. Osborn is
very bullsh on the market. Sterling is un-
changed. The loaning rates for stocks is to
q money ut 2 to 3. In New York Central
De Grave sold on tho opening and Bruins
bought. In Reading q, 1. Hudson bought and
NJ. Brown sold. In st. Paul William Bird
and Hamilton G. Myers sold; Lyon & Co.
bought. In Northwest Hunting sold, Hamil-
ton and Connor'bought. In Louisville Kirk
ner bought and T. w. B. Hughes sold.
Michigan Central was sold down on the
second call by Slayback, Dlliott,a ,and Knick-
erbocker g. Co. Canada Pacific earnings for
the first week in September increased S52,-
600; increase in mileage, 915 miles. A st.
Louis dispatch says it is conceded q moderate
injury has been sustained by late planted
corn in the west, but it must not DO forgotten
that the corn crop south is the heaviest ever
raised, and it was fully harvested a month
ago, and will largely Offset the loss in the
west.
On second call Knapp & Peabody sold 1000
shares of st. Paul The other sellers were
Hudson, Meade and Debillier. The buyers
were Bird and Ssvin. Lake Shore was sold
down by Slayback, Elliott, and Campbell. A
Boston dispatch gives the Union Pacific
earnings for FIRST week In September at $685.
900, but does not give those of the same week
last year. Northwestern earnings increased
during the first week in September Sf1, ,300.}
1t is reported that l,250, 900 francs are COM
ing ON the steamer Elbe to the Selgmans
here.
Stocks opened strong, became weak, then
strong, and subsequently, sold oil, the fluctua-
tions being narrow and the undertone fever
ish The market, in q word failed to re-
spond to the favorable weather reports, corn
reports, and gold shipments hence from
Europe. Nor did the pronounced bull views
of Osborn help matters. On tho opening q
feature was the large London buying of Erie
Dominick & Dickerman were also prominent
purchases. s. V. White was q purchaser ol
Lackawanna, and Hertes bought 1900
shares. Money at to b stocks lent at t.
g. Government bonds were strong; sterling
unchanged. The greatest decline was in
Michigan Central, which fell l per cent
At noon, however, the market was dull and
at about the opening figures. Between Il
and 9 o'clock the spirited selling movement
set in, which oarriod Michigan Central, Lake
Shore, Northwest, Union Pacific, the Villards
Lackawanna and Louisville further down
by to IL per cent. On the second call tht
room raided st. Paul and Slayback and others
hammered Lake Shore. There was nothing
in the character of to-day's business tojustifS
the belief that there is any outside buying
and the parties who bought yesterday to sus
tain the market appear to be oyerweightet
with them. The market continued weak
and lower during the last hour at the Lowest
prices of the day. Market closed weak and
irregular, / to 81 below the opening figures
the latter in Michigan Central. The Villards
were off II from the opening.
LONDON, 1l.-Erie, higher; New York
Central Ii higher; Illinois, higher; Read
ing, higher; Ontario and Western, higher
st. Paul, 2a higher; Lake Shore, 2 higher
STOCKS
The following are the opening highest
lowest, and closing prices of the principa
stocks for the day, as corrected by special wire
,eports received by Bateman & Co., bankers
No. 1411 + street northwest:
4. n