National Republican., 1883-08-25
THE MARKETS.
A Lot Of Hopeful Indications Pointing to Bet
tor Prices for Stocks,
But the market Declines and Closes
Trifie Lower Than ut the Opening.
GOSSIP OF THE STREET.
EDecidt DfsDdfch.

Special Dispatch.
NEW York, Aug. 24.--There was strong
talk this morning of % to 30 to-day for Dem
yer and oct was bid after tho closing yester-
day. The Germans are reported as buyers of
Denver yesterday, led by Won Hoffman,,
Probst & -Neumagen and there was strong
suspicion that Gould was also buyer. Chaplin
bought over 1000 shares, and Drexel & Nor
gan bought largely ofthe Denver and Western
bonds. 1t is intimated that purchases of
Denver securities have been in the interest of
other railway companies who desire to con-
troll the property. Sage rather talks the
stock down, and hints that it will soon
be a sale, but the traders are inclined to cop
per" Sage's opinions lately, and they believe
he has been buying the stock and wants
more. The bond brokers report the railway
mortgage market considerably improved, and
many believe that the recent depression in
these securities was the result of manipula-
tion by the bears. The commission houses
who deal mainly in bonds report an increased
demand yesterday, and Rome and ogdens-
burgs were raided down for effect. In the
stock market tho movement for the Northern
Pacific stocks was feature, but there arc
wide differences of opinion regarding their
probable direction. Some say insiders have
been compelled to liquidate heavily, while
others maintain that the market shows
the short interest to be enormously
increased Work and Strong were big buy
ers, and tho points are given that o
sharp rally will soon follow. Osborn & Co
were the largest buyers of st. Paul yesterday
Tho bulls say the attack upon Lake Shore
and New York Central yesterday was simply
feint to cover other movements. Henry N.
Smith said the operation was certainly abor-
tive. He felt very bullish on Lackawanna,
and if it sold Off he certainly should buy
moro stock The general impression is that
there is going to be sharp rally in the
market before Saturday, and there is the best
authority for the statement that n very large
amount of dividend paying securities have
been lately deposited as margins with good
commission houses for the purchases of stocks.
Money brokers report funds at per cent. for
four months, and 81 for six months, and the
market irmer owing to the Philadelphia
demand. They expect the bank statement to
show decrease in the reserve this week, 1t
is understood that Schott & Knight offer 1884
per cent. in cash and the balance in notes, and
the creditors will accept these terms.
In Lake Shore Enos and Dillon sold, and
Warmser bought. Erie was quiet North
Pacific common was active, and Hollister
bought about 1000 shares, and j. M. George
was seller. In Denver tho buyers were
Scranton and Willard, Demott and William
Gross. In St. Paul Walker and Gould and
Wadsworth bought, and Fanshaw sold
Loaning rates for stocks were unchanged
Money at 2 and 81 sterling 4.83a to z.
In Chicago the weather was clear and warm
but during the night the thermometer was
5S; at Bismarck, g.; at st. Paul, 81; at La
Crosse, So; at Milwaukee, 56. The weather
generally is clear
Lake Shore was mainly offered down by
Slayback, and Amadon sold some of the
stock. There is large borrowing demand
for Northern Pacific common and preferred
Jersey is oversold and lends at 1-6l. Heath
is borrowing large amount of Union Pa
cfc New York Central lends at l. "a to 1-32
The foreign banks say London is buying
stocks here this morning. Western Union il
the best sustained stock on the list Theil
business is immense being fully equal, if no
greater, than before the strike. The repor
that the American Rapid, Bankers and Mer
chants, and the Postal company would bt
consolidated to form o powerful opposition tt
the Western Union is fatty denied at all tn,
offices.
A Philadelphia special says stocks are freely
offered at per cent. The brokers have re
lieved themselves by shipping stocks to New
York. There is large crowd in Lake shore
and the bears are endeavoring to break the
stock. The sellers have been Slayback, Edi
son, Henderson, Henriques, Lawson & Doug
lass, and Crane & Seabury. In Louisville
Brawnell & London sold, and O'Brien 8
Henderson bought.
A statement of the financial condition o
the Denver and Rio Grande railway is ex
pected to-day or tomorrow. The following
is statement of the earnings per mile of tn
leading roads for the second week in August
TYor nrA in