National Republican., 1883-01-10
THE MARKETS.
Stocks Generally Opened Strong, Though the
Valder6il.s Wolo Quiet and Dull
The Whole street looking for n Rise
The Price Lists.
THE DAY IN WALL STREET.
Hs..s.." Tn........r

anu nlHnNI, ltAN1 j NNlAlt anu ANdhHtto anu
Texas being the prominent leaders The gem
eral list was firm, but only iractionally
higher, except Memphis and Charleston,
which rose 2points and reacted 1. The Van
derbilts and coal shares were quiet and dull,
without especial change, except Michigan
Central, which rose l.
Mr.. Gould remarked to-day that he con-
sidcred Texas Pacific as worth more than
Union Pacific was in 1868, and the latter soon
rose to so, finally reaching 125.
Denver was quiet and said London was a
free seller
Money opened at s. but declining to AZ.
Stocks loaned at A to 9.
Exchange firm and higher; better de-
maud, with decreased offerings.
On the second call stocks were dull and q
shade easier ON light dealings. In the last
hour the dullne5s continued. To-day's trad
ing showed Henry n. Smiths brokers to be
prominent buyers. Hudson bought Erie,
Hatch & Foote bought good many stocks,
Van Emburgh & Atterbury bought Kansas
and Texas, Worllstrong bought Union Pacific,
and Osborns brokers bought Denver.
1t is reported that MIR. Gould yesterday
bought block of 10000 shares of Rochester
anu ANNohNAS bV pA''"NS '''AN' @Ai' N'"N'AN'N
brokers arc large buyers of stocks this morn
ing, and it is said ho favors a rise of at least
NJ per cent. lie is satisfied as board gossip
runs, that the country is all right for boom,
and we are going TO have it now. The rail-
ways are doing well, and there's no cutting.
Mr. Tillinghost says all tho trunk lines
will be busy to their full capacity for the next
ninety days.
Commission dry goods houses report an i'm
proved demand for spring fabrics.
Philadelphia reports good inquiry for all
outstanding Reading securities.
During January 1000 shares of new Penn
sylvania railway stock were issued in ex-
change for scrip, and largely absorbed by
home investors.
The market has been dull and fairly strong
all day. There are plenty of signs that we
are to have much higher prices in the near
future.
All tho wealth of the street is now COM
mitted to the bull side and they are steadily
moving prices upward in the scale before
they lend. Outside buying will be Of such
a character as will make us an old-time
boom. The exports are very large, and the
railways are having all they can possibly at
tend to. This state of things is likely to
continue for three months. 1t is reported
that the balance of trade in our favor for De-
cember is nearly $3O,O00OO0, with prospects OF
much greater during january.
POINTERS.
Commacll says he does not wish to sell short
again before March, and meanwhile he ex-
poets 10 to 20 points of an advance
Denver didn't so to 20, did t?" he quietly
remarked last evening. Flt.
Bulls say they expect occasional reactions,
but on the rally higher prices VIII be reached
for at least mouth TO come.
Brokers say most of the bear room traders
covered their shorts early ON Monday but a
large majority of the shorts still remain.
Keene covered some st. Paul and New York
Central, but is still believed to be short on
general market.
The traders were predicting higher mar
lSct to-day, but they guessed that top prices
for twenty-four hours would probably be
reached about noon, when a moderate re-
action might follow. Osborn & Co. were ac-
cused of feeding" the market with stocks
yesterday afternoon, and this caused sus-
picons of reaction to-day.
Vanderbilt, with his family propose a land
be absent month.
Mr.. Common (Gould's confidential broker)
said last night that some highly favorable and
important news might be expected shortly re-
garding the Southwestern system. lie also
said the bearish sensational reports against
cooperative properties have ceased to effect
securities, and the public has lost confidence
in " strikers" who start speculative litigations.
Mr.. Henry N. Smith thought yesterdays
market showed very healthy condition. lie
didn't favor a wild boom, but favored n
gradual hardening advance for sixty days to
come, and stocks would be Il good purchase
on each and every reaction.
The bulls on North Pacific common include
strong Boston and Philadelphia capitalists,
who talk 75 for the stock this spring.
Posted parties assert ID. o. Mills is long of
$4,000 Erie, all of which are paid for. Earn
ings of Eric for October, November, and De-
cember, partly estimating, for the fourth
week in December, amount to $G,25O,O0O, and
will earn percent. net for common this year
at this rate This compauy's coal lands con-
sist of $1,000 acres, which at the present
valuation of similar Pennsylvania property,
are worth Sl0O,0O0000
A Philadelphia dispatch says GOwen in
tends to resign from the Reading railway as
soon as the property passes from the receivers
hands, and will resume his legal profession.
1t is thought McCee will succeed him.
A Chicago special this morning says Van
derbilt has transferred his nickel plate shares
to the Lake Shore for six millions in Lake
Shore bonds.
Old nickel plato people say they sold this
road for about eight millions, They were at
one time about accounting So $50 600 for il from
,,rba1, NonInvlilt n1prl,iI him,
London, Tuesday 123O.-Erie advanced };
Reading, ! ; St. Paul, l Pennsylvania Cen
trial, ! Ontario and Western, Illinois Cen
trail, II, and New York Central was lower.
STOCKS,
The following are the opening, highest,
lowest, and closing prices of the principal
reports received by Bat2man y Co., bankers,
No. / Corcoran building;