Daily globe., 1883-08-19
LOOKING BETTER.
The New York Stock Market Resum.
ing It's Normal COndit ion.
PRICES STEADILY ADVANCING.
A Firmer Tone Perceptible in All the
Leading Shares.
Provisions Also on the Upward Grade
and in Good Demand.
NEW YORK.
Especial Telegram to the Globe. |

Especial Telegram to the Globe.
NEW YORK, Aug. 18.-The suspension of
bank in Ohio which was not large
affair, had something to do with depres-
sing prices in the early part of the day.
After this some very good buying of West
ern Union Telegraph set in, which was fol-
lowed by a decidedly strong feeling
throughout, with the exception of Denver
& Rio Grande. The latter was the leader
to-day but weak from the opening, and
declined to 291a. Mr.. Gould gets credit
for supporting his favorites. Northwest
ern and st. Paul changed but little. Chi
cago, Burlington and Quincy was in de-
mand and strong. Alton sold at 1872. The
activity centered in telegraph, Oregon
Transcontinental, Delaware & Lacka-
wanna, Texas Pacific and Union Pacific.
Western Union was rushed up at the last to
! 1871, the final sale being at 1875. There
purchasing of it. Some argued ssthat it
ment a settlement of strikes and law suits
and better prices next week. The bears
of course laughed at these statements.
The market was quite steady for the
majority of stocks at the finish.
The bank statement shows loss in re-
serve of $2,454,000. The net earnings of
Chicago, Burlington & Quincy for this
year will equal Is per cent. on the capital
stock. The Missouri Pacific system
second week IN August increased 100000.
All lines show improvement but the
Wabash which is behind S., 400.
Boody, Mcclellan & Co. said Denver was
exceptionally active during the morning,
selling down considerably and rendering
other stocks more or less weak and West
ern Union was exceptionally active in the
afternoon being bid up and helping the
other stocks up with it. Both the
fall of Denver and the
rise of Western Union were
caused by manipulation. Woerishoffel
having given the point to buy Denver yes
terday sold it freely to-day, and Slayback
of Jno. Bloodgood & Co., who is bear OF
the market, bid up Western Union !:
point at time, as it is believed with tn,
desire of'sellipg it. The bank statemen
was unfavorable but had no influence
The close was quite firm.
While there was much manipulation
about prices to-day there was also som
good buying, and the market seems to b
in fair condition for an advance, if an
advance is warranted. If the merchant
g find their fall trade opening briskly durin
the coming week, if crop reports continu
I, favorable and no more rottenness is dt
veloped in financial circles the public wi
- begin buying stocks and we shall see a fa
advance in prices.
81 Day, Field & Colborn said: "The markt
was feverish for the first two hours an
there was considerable realizing by rool
traders and others on the general list. tt
weak spot was Denver. Western Unio
opened 80 higher and was steadily sol
81 down to 76. At this price Gould broker
came in as buyers and bought it most
- the day. The stock sold up sharply durir
4 the afternoon. There were large orders
buy good dividend stocks in the marke
. We ran across over 1000 shares of Omai
- preferred to be bought at 102 and lars
= orders in Chicago, Burlington & Quincy
- 12315 and st. Paul at 1O2. There W
7 some good buying in Louisville & Nashvil
at the opening"
q About noon the tone of the market gre
better and prices were steadier, and durl1
the afternoon there was fair advan
throughout the list. On the whole, the di
may be classed as good Saturdays ma
ket. The market was slightly off at t
close, but the tone was firm. 1t is sati
factory to. know that the market has
length assumed such state that it can
lGS rallied. The extent of any rally depen
n upon the amount of the short interest, al
es this seems to be pretty generally covere
ed and higher prices are now looked fc
. Postal Telegraph was quoted at b
in the afternoon, with not much doir
= Investors were waiting for furth
Sn Sn Developments. Some lack of coniden
ne Ds in Mr.. Mackey's bility or determinati
TIA to push the stock, was expressed, The
: were also several selling orders which al