National Republican., 1883-08-23
THE MARKETS.
A Feeling Of Weakness Still Porvades the
Wall Street Exchange
A Plentiful Harvest I'm the West-Thc
Minnesota storm--oiossip OF the Day.
SDecidi Dtadich.


NEW YORK, Aug. ga majority of the
brokers and most conservative traders said
this morning the market as whole had
more steady look than they expected twenty
four hours ago, and the fact that good stocks
are absorbed by investors and gain of per
cent. on yesterdays trading despite the
furious short selling, is significant. The most
of the selling, they declare, was confined to
the bear sharpers of the street, and about the
only exception was little more liquidation
in Denver where some small lots of stock
were trapped on stop orders. Gould's
brokers were buyers of tho market all
day, and their following is bullish.
The Louisville raid was attrib-
uted to Newcomb and Woerishoeiier,
but leading traders ON tho short side have
covered up, and say it is not now good sale.
Most of the Lake Shore stock sold was taken
by Vanderbilt houses, who anticipated the
raid and had brokers ready. The report that
Mr.. Smith was seller of tho market is denied.
He has not changed position in tho least, and
declares that nothing on tho list is n good
short sale. The Western Union Telegraph
company's report shows an immense increase
in business since the strike ended. Brokers
say the postal line opposition will not amount
to anything inside of year. 'Mackey's new
cable can't be made and laid until next sum-
mer. Yesterdays failure, the brokers say,
was not unexpected. as the concern had diff
Guilty in making good its checks last week.
Woerishoeqer declares he is still on the
market. Several stock concerns who are
lending large amount of Louisville and
Nashville stock proposes calling it in to-day.
Alr. lAri.t rs
were dull. Phil. Minis sold Oregon Trans
contipental. Louisville was weak Western
Union quiet, but we'll sustained. II. H. Neil
son bought 1000 of Erie, and Wellington
Clapp sold 1000 at 90. In Union Pacific
Steinburger g. Fuld bought 1000, and Hotch-
kiss & Burnham sold. The loaning rates for
stocks were unchanged. Sterling unchanged.
Chicago weather this morning was very
hot. To-day's Chicago Tribune has hattering
reports from crops in Minnesota and Dakota.
and the harvest is substantially at an end in
Illinois, with better results than anticipated.
Iowa farmers have improved the favorable
weather and are gathering an immense crop.
Corn throughout Illinois has been greatly i'm
proved by rains and, unless caught by an
early frost, an immense crop is assured.
There is an active demand for breadstuffs
and provisions to-day for export, and the
shipments are running considerably ahead OF
last year. Government bonds are firm, and
no AS are offering; as have been hammered
to buy on. Cotton is easier. There is no
speculation, aud no spinning demand.
1t is reported that Pacific Mail will begin
quarterly dividends Of II per cent. on jan l.
A Philadelphia special says the banks are
calling in loans, and there is no money offer
ing there, and per cent. is bid for call loans,
and time loans are not offering under Z.
Stocks lent yesterday at 8 and ten per cent.
The deposit lines of the banks have decreased
so materially that difficulty is experienced in
supplying customers.
It is reported that the nominating commit
tee of the Denver road has recommended Mr..
Lovejoy formerly Of Adams Express COM
pany, for president.
A later Philadelphia dispatch says loans on
call to-day made up to 10 per cent. and the
furry was occasioned by large loan on
Reading stock being called.
press telegram from Minneapolis, Mimi,
says q heavy storm. with large hail stones,
ragged west and south of there last night, but
the wires are down and news can't be had.
Fears are expressed of great damage.
There is great fire at Hunters Point in
the Standard Oil company's works; one OF
two men have been burned to death.
Stocks were steady on the opening and
there was general Improvement of ! ands
per cent, except for Oregon Transconti-
mental, which declined IL. Minis was the
principal .seller. The weakness in Louis
Vile was attributed to the decision of Comp
troller Pickard, of Tennessee who will en-
force the taxes of years, which amount to
$1,O00,000
The loaniug rates for stocks were un-
changed money at % to 3; sterling un'
changed.
At 10 o'clock the North Paciflcs were the
weak spots in the market, and IL below the
opening, on sales by Slayback. Brandon
sold 1000 of Oregon Transcontinental, which
further declined to Ga. Hardy & Sons SOLD
1000 North Pacific to Work & Strong.
On the second call the market was dull
and prices shade higher At 2:15 stocks
were about at the lowest, Erie being the weak
feature. Tho Northern Pacifcs were alsC
very weak; the common stock was sold down
to 4Os Oregon Transcontinental to 63s. The
general list closed weak at the lowest prices
of the day.
LONDON, 1890 p. m.-United States As,
higher; AIS, higher; New York Central,
higher; Reading, higher; Ontario and West
ern, higher; st. Paul. higher.
STOCKS
The following are tho opening, highest
lowest, and closing prices Of the principa
stocks for the day, as corrected by special wire
reports received by Bateman & Co., bankers
No. 14l1 + street northwest