National Republican., 1883-03-13
THE MARKETS.
A General Improvement in the Entire Stock
List
Favorable Reports from the Railroads
The Coming Gold.
MORNING GOSSIP.
SnfcinL Dispaich.

lowing wero buying literally ON Saturday,
and certain other large traders who had sold
short the day before bought back all their
stocks. All the decent traders were bullish
at the closing on Saturday Buying of the
Nandorbilts was increased by reports from
Chicago of the largest grain shipments to the
seaboard last week on record, the tonnage
showing gain of 10000 tons.
Private dispatches from the northwest yes
torday report that the Minnesota branches of
some of the Granger roads woro again showed
up saturday and travel was temporarily sus-
pended, but was expected TO reopen to-day or
Tuesday. Trains on tho Northern Pacific
were also stopped by drifting snow. There is
a great rush of Illinois farmers to settle in
Dakota and other northwestern states. This
spring eighteen car loads of these settlers left
central Illinois on Saturday for these wheat
fields. Charley Osborne has turned bull,
but Cammacl, WoerisholIer and Scott are
bearsh, and talk loudly about the damaged
winter wheat crop of Indiana, Illinois, and
Michigan. They arc all long of Denver, but
are not bulling it now.
About the best judges on the general situa-
tion have strong faith in higher values this
week and think that the movement which
started Saturday will develop into n bull mar
kot soon. They think that while the Wander
builts look well and win probably lead the
advance, they would rather buy stocks which
declined more, such as Union Pacific, North
ern Pacific, Louisville and Nashville, and the
Southwesterns. Gen. Dodge says the Missouri,
Kansas and Texas company is clearing per
cent. on its stock.
Russell Sage says he is bullish on money and
stocks too.
IL. N. Smith says he believes the specie inn
ports this year will be from Sl0,00O,000 to
$700O0,0OO, and he believes there will be a
very excited and strong bull market by June,
which will carry many stocks as high, if not
higher, than in 1881. This will be the result
of largo home crops and light crops abroad,
the heavily increased railway earnings
through the excellent pooling arrangements
and the generally prosperous business out
look. He predicts 1.30 for Lake Shore this
year, and declares the lock up of money has
been an utter failure.
A rumor was current yesterday which
could not be substantiated, that great bull
combination has been formed by parties here,
in London, Amsterdam, and Frankfort to buy
the buying began Saturday with the Wander
bilts.
The Milwaukee and St. Paul people say
they will declare 81 per cent. dividend to-
day, and the statement will show floating
debt of only $S60,000,
A gentleman who had long interview
with Mr.. Vanderbilt yesterday said the latter
stated that the Lake Shore earnings since
Jan. had been at the rate of $10,0O00O0 per
year, and the New York Central Mt 6,OOO,-
000 He knew that western winter wheat
had not been injured to any extent by winter
killing. His health was excellent, and it was
his intention to make quick round trip to
Liverpool in May, and later he should go
back for tour on the continent.
Stocks are lending at 9. The market opened
with full board attendance, and large
crowd in the Vanderbilt stocks. The Ger
mans were sellers of New York Central buy
ers scattering. Fanshawe g. Wheeler sold
Lake Shore, and afterward Kirkner offered
the stocks.
& Monroe and Wyckof bought 800 shares of
Union Pacific Duncan bought most of the
telegraph, and Johnes and Whitehouse were
the sellers
There was an unfounded report current
that Mr.. Gould had been taken sick in the
south.
Sterling exchange is steady and unchanged.
A Chicago special says Commissioner Moore,
of the east bound pool says there is no truth
In the report telegraphed east last night that
the Erie was cutting rates, because this COM
pany is still dependent on the Vanderbilt
lines and the Grand Trunk for q Chicago
outlet, and these lines would necessarily
know.
The rates are strictly maintained by all
lines, and stop has been put to the cutting
OF west and northwest rates at indianapolis.
Lake Shore earnings for the first week in
March increased 100000 and New York Con-
tral $130000
Mr.. Vanderbilt said this morning that the
Central Southern road could not accommo-
date all the business offering, and the Lake
Shore had boon compelled to decline about
200 loaded cars from the indianapolis, Bur-
lington and Western railway.
a Chicago dispatch says that east bound
tonnage last week aggregated G05lS tons.
Government bonds were dull and steady,
except for As, which are wanted.
Selgman 4 Co. say the rise in exchange
to-day stops further shipments of gold for the
present.
A private London cablegram says that no
advance in bank rate is probable this week.
Money "a, consols and French rentes frmcr.
Prime sterling was offered at 4sl! to a., less
1-l6, and not taken. The market is dull and
offerings are limited.
Time money was offered at G for six months,
and it is reported that Woerlshofer will ship
back from Boston the four millions sent away
last week.
Brokers report the largest short interest is
in Laclawanna, and there has been some out
of Union Pacific to-day.
The big bears say the "Wiggins" boom is
about over and the room traders will fight the
advance from present prices.
A Washington dispatch says inquiry is to |
be again directed to the alleged over certifca. |
tion of checks on the part of the New York |
banks.
The comptroller of the currency is try
ing to detect them.
REVIEW
Tho market opened strong and to J |
higher for the active list, aud within the
first hour gained to per cent. more, the
leaders being up, Chicago, Burlington and
Quincy, Canada Southern, st, Paul, Western
Union, and Oregon Transportation,