National Republican., 1883-08-20
THE MARKETS.
A General Advance in Prices Marks the Re-
turn Of Confidence
A Review OF the situntion-Tho buyers
ana Sellers OF sRturday.l
Special Dfspdtch.

NEW YORK, Aug. 1S.-Stocks opened n
shade below yesterdays closing, except West
orn Union, which was higher, but fell inn
mediately to 76b, and Union Pacific being
tho feverish features In the market. Oregon
Transcontinental was also foverishly active.
There was somo realizing by timid buyers (;
also some moderate shorts selling, which was
apparently encouraged by the bulls.
During tho first hour stocks were rather
dull and weak. On the opening New York
Central was quiet.
Money on call was offered at 8. The gem
oral loaning rate for stocks was 2; sterling
quiet; governments dull and strong. At II
o'clock prices were weak and considerably
below tho opening Denver declined 2,
Texas 1, Louisville 1. Tho bank statement
was unfavorable, showing a decrease in the
reserves of $2,50O,O00. On the whole the
market was dull and without tone. Western
Union was bid up per cent on 600 shares by
SlaybaolS Other Gould stoks and Denver
were weak.
Stocks became strong on the second call,
Western Union touching 7SB. At o'clock
the improvement was retained, with great
activity.
Henry N. Smith says: Western Union will
go to s5 this year, but he has no stock. Ed.
Stokes and ex-Mayor Wickham were betting
yesterday that Western Union would soil mt
so this year, and are bulling postal tele-
graph.
A leading member of the board said last
evening that his house had executed nu-
merous orders to buy from the country for
investment stocks for cash. This indicates
that the public are entering the market.
Russell Sage was cheerful last night over
the higher market.
Most of the room traders are bearish, saying
yesterdays advance was entire professional.
At noon London reported Erie unchanged;
New York Central higher; Reading higher;
Onterior Western higher.
The Herald postscript this morning an
nounces the collapse of the Second National
bank of Warren, Ohio. The cashier is a de-
taulter for $4,000.
The majority of the solid people say the
market has decidedly improved character,
and they believe prices have touched bottom,
but many traders think if it opens strong
this morning it will be u sale for reaction.
1t is given out that the Wabashes are pur-
chase on the next reaction
The Vanderbilt houses declare that the
public have been buying heavily, for invest
ment of everything but Western Union, and
in the latter there has been good deal of
manipulation.
SlayDaCk, VINO is bear on tn0 general
market, 10 furiously bulling Western Union
and says it is going to so Immediately.
New York Central is quiet; Van Emburgh
ceiling. In Oregon Transcontinental the sell
ers were Lounsberry, Osborn 4 Co. In Union
Pacific the sellers were White, Henderson,
and Van Emburgh. In Western Union there
is no particular feature, but some realizing by
room traders is going ON. 1t is reported that
Keene has covered his shorts in the general
market
The market closed at from to below the
opening figures. Stocks were offered in large
blocks toward the closing, and it looks as if a
general realizing was the feature of the
market at the weeks close.
Both the strength and weakness of the fl
nancal situation have been very fully illus
trated during the past seven days, and that
Wall street has been in u turmoil there is not
the least possible doubt and, whilo notable
signs of weakness havo claimed engrossina
attention on the one hand, disagreeablG
rumors as bad as visionary minds could make
them have flooded the country, and yet COM
mercial business has hardly felt the disturb
ance which on Tuesday and Wednesday
created such q rupture on the street. No old
bank has in the slightest way become in.
volved. All the leading bankingan and brokerage
firms are as far above suspicion as ever. No rail
way, new or DID, has suffered in credit, and u
retrospect of all this makes the prospect al
the end of the week most reassuring.
STOCKS.
The following arc 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. 14l1 + street northwest: