National Republican., 1883-03-03
THE MONEY MARKET.
RumOrs and Gossip from the Knowing Ones Of
Wall Street.
FIrmor Condition OF stocks and What is
the Probable Outlook.
THE DAY IN WALL STREET.

New York, Mar 2-The opening,of the
market was tame and there was rather less
demand. Apprehension of tight money and an
unfnvorable bank statement tomorrow made
the traders timid
Before noon money was @ bid, and dear
money was generally predicted during all this
month.
Delaware and LaclSawanna was sold largely
by the uptown bears through Scranton 6
Willard. but the market held It up bravely.
Western Union was steady and was bought
mainly by 4. p. Flower & Co.
II was reported at noon that Gould, Osborn,
Work. and Smith held private conference in
Works Office, but IL didn't affect the market.
Stocks were lent at from 4@5 except
Reading, which lent fat. Exchange was dull
and firm. GoverRmont bonds, old issues,
were strong, but the new issues were lower.
On the second call trading continued light.
Money was at Q.
After 2:15 tho general market stifIened.
North Pacific and Oregon Transcontinental
were particularly firm. The whole list sym
pathized with tho gain of these stocks and
the best figures of the day were noted. The
strength of North Pacific is attributed to the
speedy adjournment of congress without
further adverse legislation.
Money closed at 81.
The market closed very firm, with few
stocks offering. The market to-day has been
waiting one. When congress takes its heavy
hand of the tariff we will see an improvement
in values. The day congress adjourns tho
financial world will be as bright and clear as
Easter should be.
Russell Sage Is quito bullish to-day. He ex-
poets decision to be rendered to-day sus-
tanning tho telegraph consolidation.
Noon reports deny that Scranton & Willard
sold Delaware and Lackawanna freely this
morning, but the stock was accepted liber-
ally. Gould, Osborn, Work, and other large
operators are now in conference.
The governor has vetoed the FIVE cent fare
bill.
The, principal buyer of telegraphic stock
this morning has been Flower. The sellers
were Van Emburgh and Post and Wales. The
selling Of Union Pacific is said to come from
insiders.
MORNING GOSSIP.
The leading commission houses generally
report that there was o substantial increase in
the number of orders to buy stocks yesterday
from the interior One prominent New street
concern said that its customers bought 10000
shares of various sorts on its advice.
Brokers' while admitting that reactions
may be in order, say that the whole market
has certainly very healthy appearance, and
that it will do to buy when quotations show q
disposition to yield. There is a very strong
party in Michigan Central who believe that
1t will pass Lake Shore in the market this
spring. 1t is believed that gold will soon
come this way if the money Is manipulated by
the bears whether xchange is further re-
duced or not. The bears are cndeavoring to
make very bad bank statement tomorrow,
but as their intentions are known 1t will be
discredited in advance.
1t is expected that this week will end the
manipulation of the money market. Room
traders were mixed in their ideas last night
regarding the course of the market, and were
generally inclined to look for little reac-
tion. They say that short interest closed out
yesterday, and that the realization by pro-
fessionals was considerable. Still they don't
think that the advances are over yet. The
liquidation of short interest in Delaware and
Lackawanna, they say, was very large.
Gould's bankers were reported as sellers of
about 10000 Western Union yesterday, and ii
was rumored that he was going to the west
and southwest.
Chicago and northwestern people look for
an increase in earnings during the last week
in February, and they expect to have their
Minnesota division cleared of snow TO the
Missouri river to-day.
Mr.. Gould said yesterday that he expected
much stronger and higher stock market.
Russell Sage said last night that the next
quarterly dividend on Western Union would
be IL.
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. i Corcoran building;