National Republican., 1883-09-06
THE MARKETS.
Tho Better Feeling Continues and The Balls
Have Control
The Days Purchases ana saies-A Dau
closing.
GOSSIP or THE sTREEr.
Special Dffpaifi.

fpfcidt DHpdifi.
NEW York, Sept. 5.-Consoryatives dln
advise purchases Of stocks on every reaction
as long as tho western weather continues
favorable. Tho market is considered prse.
tically in tho hands Of the bull leaders. Al.
though yesterdays dealings were largely pro.
fessional, IL is claimed there was more out.
side buying than in fortnight The brokers
in railway bonds also remark increased in-
vestment demand. There IA now n more
substantial buying element throughout the
Street, and the short interest was largely in-
creased yesterday forenoon, whom the market
seemed very weak. A rumor was current
last night that Gould would bo the new prcsi-
dent of the Louisville and Nashville, aud that
Sage aud Dillon would DO directors, but this Is
hatly denied by Gould's people. Woerishoef-
fer continues very bearish, and says there
are no purchases Of corn and no corn crop"
The bears on Denver say this company has
pledged 5000 shares of unlisted stock and
$1,oOO,o0O of first mortgage bonds, also un-
listed, for loans, and the lenders have been
clamoring for money since the stock broke
from 40, but none of the indebtedness has
been discharged. St. Paul was expected 10
declare 81 on the common to-day. Eight
months show gain of 100000 over 1882
Newell & Ledyard say tho trunk line
meeting tomorrow will be harmonious. Tho
Vanderbilt people say there will be no change
in the dividend payments this quarter that
New York Central will next week declare 2
and later in the month the Lake Shore will
declare Q.
Efforts to revive Ballou & Co. are being
made, and the firm proposes extensions OF
six, nine, and twelve months, one-third of
liabilities to be paid at end of each date. The
hrm offers no cash.
On the opening to-day Louis Bell sold
5000 Lake Shore, and VIM. Sheldon was the
largest buyer. Powers & Stevens bought
1000 Lackawanna. Wormser g. Co. sold New
York Central Burras bought the larger
amount of Union Pacific, and the sellers were
Van Emburgh, CRANKY, and Dunan: In
Western Union Van Emburgh was the largest
buyer, and Ellis also bought. Slsyback sold
1900 at 794. Coombs sold Northwest The
London bankers were the sellers of Erie.
Loaning rates were generally unchanged.
Money, 2@3.
director of the st. Paul road estimates
the next two months business at $40 900, 900,
making the total earnings for the year $24,-
100000 The eight months earning, includ-
ing August amount $14,469,OO0 against last
year, $12 100000.
The Boston sugar failure of Burgess &
Sons will amount to $750000. The failure
was owing to shrinkage in values.
Stocks were hammered by Slayback and
room traders this morning on cool corn
weather. Slayback sold Denver down.
Government bonds firm and scarce.
A st. Louis telegram says the rate cutting
continues, and lower fares are predicted.
Trains on all lines are so crowded that no
seats can be provided. Scalpers are selling
tickets between st. Louis and Louisville for
rs cents.
Sterling dull and no demand. 1t is strongly
reported in the board that w. s. Williams of
Western Union litigation notoriety, will be
made president of Louisville and Nashville,
and the whole telegraph troubles have been
settled up. Also that Gould and Huntington
go into the Louisville and Nashville directory.
REVIEW.
The market was depressed on the opening,
became strong, and advanced to Z, but later
the recovery was lost and at noon Denver,
Reading, Lackawanna, and Jersey were to
IL off the opening-Reading especially weak.
The strong features were Louisville, St. Paul,
Northwest, and Union Pacific preferred. The
Vanderbilts were fairly held, aud the largest
dealings in the first hour were in Louisville,
5000 shares; Lackawanna, $500 shares West
ern Union, 5000 shares; Lake Shore, 4,900
shares; aud Union Pacific $500 shares.
Money, 2@2i in the morning. Stock loan
rates unchanged. Governments scarce and
firm. Sterling dull and unchanged.
Tho stock market at 1 o'clock was active,
and for brief time very strong. Western
Union reached 80, and Louisville and Nash
willie, so. On the second call prices dropped
4@a, Western Union to 79s, and Louisville
and Nashville to 49s the coal shares contnu-
ing weak and II below first price. Stocks
dull at 2;15, the tone unsettled, and quota
tions not materially changed.
About 2:30 there was another slight rally,
Louisville advancing to 50s. ST. Paul and the
North Pacifcs were also very strong The ad-
vance in the others was 49B. Between 2:45
and the close the market reacted, except
Louisville, and the close was dull and weaker
STOCKS.
The following are the 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 II street northwest: