National Republican., 1883-04-11
THE MARKETS.
The Brokers Encouraged by Indications That
the Lambs Are Coming In.
The Market Very Quiet But Reasonably
Firm-The Provision Trade.
GOSSIP OF THE STREET.
Special DiDdtch.

X,
ally report marked increase in outside
ing on yesterday, aud soy that tho public
now biting we'll. Sage says that II the
outsiders can be wakened a very large and
substantial advance will follow Immediately,
because the general conditions are all favor
able. Room traders and the Vanderbilt COM
mission houses were pretty free traders yes
terday but, Notwithstanding this the general
opinion continued to be bullish last evening,
and this selling was not thought to indicate
any important liquidation. The room traders
say that they have made but little money on
the present rise.
1t was Johnes who bid Lake Shore up to
the best prices yesterday. Kirknor and Slay-
back covered their last shorts, so their fellow
brokers say. The Mills party talk DO for
Erie during April, and Harmed bought 10000
shares Of Erie
Yesterday for the California party Boston
covered a good many shorts and Keene
bought Union Pacific. Gen. Eckert says that
at tho present rate of receipts tho Western
Union earnings for the year will be
over 21,000000. Business in tho interior
shows a large increase especially from
along the Northern Pacific road, where
there Is demand for 1000 miles moro
of wire. The New Orleans business has also
nearly doubled, and the general business in
creases very fast The Northwest earnings
for the first week will show gain of $4,000
to $4,000 per day, and the Omaha's earnings
will show little better than the last week
in March. The April earnings the grangers
are seldom SO large as those Of March. Mr..
Shaw, one of the California party, has
covered his shorts and turned bull.
Jo Mills was offering puts on Erie
in 1000 share lots, at the Windsor last
evening, at 80, go days for per cent Mills
declares it is bull market with heavy out
siders buying. Woerishofier said he was still
short of Union Pacific, and that he shouldn't
covex He realized that the present market
was Strong but he had not the heart nor con-
hdence in leaders to bull it. There is moro
hopeful feeling among the western farmers,
owing TO warmer weather. In Kansas the
corn and wheat acreage will largely exceed
any former planting
Sterling opened unchanged. Stocks are
lending at to 8; New York Central at 3.
Money is offered at 5.
Lake Shore was bought by Charles Meigs,
Thayer, and Lebaire, and sold by Won Hof-
man, Enos McGinnis, Dominick, Dickerman,
Hamilton, and Connor 10 Stephens bought
the most of Michigan, and Van Emburgh
and Atterbury sold it. r. 8. Elliott bought
most of Lackawanna, and Meeker sold.
Burnham and Hays sold Missouri Pacific,
and have been selling it for the past two
days. Hotchkiss and Burnham are selling
Reading. John Benjamin has been selling
most of the st. Paul, and the order broker in
st. Paul says that there appears to be consid-
cradle floating stock for sale.
The stock exchange announces that the
flood fund is closed, and the total subscrip-
tion is over $4,000. Government bonds are
easier, and tax bonds are now pressed for sale.
London has been selling New York Centrals
and Lake Shore extensively this morning,
through Won Hoffman, Warmser and Heath
Fanshame bought Central. 1t is stated on
fair authority that after July next Erie
common stock will participate in the earn
ings of the road. A Philadelphia dispatch
says purchases of Reading in that market
point strongly to control of the entire coal
region by Vanderbilt aai a.-Aee
Press dispatches from Arkansas report no
freight train moving over tho Iron Mountain
railway, the brakemen being on strike.
Cable dispatches report great floods in south
ern Russia with great damage to early crop.
REVIEW.
The market opened up dull, o fact which
was construed to mean that it was in firm
hands, and it subsequently so developed.
After the dullness of the early morning prices
began to advance steadily with occasional
healthy reactions.
From noon on the buying was good, and the
general tone evidenced the existence OF an
old time bull market. Delaware and Lacka-
wanna and st. Paul were the especial features
of the day, the former advancing from 1864 to
1901. Other strong stocks were Union Pacific,
Texas Pacific, the Wabashes, and Lake Shore.
Among stocks considered as good purchases
are mentioned Erie, Texas Pacific, and North
Pacific.
At 2:3o the market was standing well up to
the highest point of the day, and at the close,
ut 3 p. M, while prices had fallen off frac-
tion, the market was strong and gave evil
dence of marked buoyancy.
LONDON, 12:30.-Erie rose \ New York
Central, Illinois, and Pennsylvania Central
and Ohio Wabash are to lower.
STOCKS.
The following are the opening, highest,
lowest, ana closing prices of the principal
stocks for the day, as corrected by special wire
reports received by Bateman & Co., bankers,
No. 1411 d street northwest: