National Republican., 1883-02-24
THE DAY IN WALL STREET.

cifc of 9 per cent. on raid from Keene's
brokers, which dampened the remainder of
the list.
This was followed up by the announced
suspension of Hatch & Peters, weak com
Germ, and a few stocks were sold out for their
account, which caused little moro selling
but before noon astrong market ensued which
carried prices higher.
Gould bought freely, and he was quoted by
his friends as saying he expected to see the
market higher in the next two weeks and he
thought the supply of bad news had run out.
Foreign houses reported increased demands
for American stocks. Western Union was
stiff on tho announcement that President
Green would sail for London tomorrow, n
portion of his mission being to place Western
Union on the London stock Xchange. The
real cause of the suspension Of Hatch Peters
was traoeabe TO au old defacntion of year
ago. when clerk stole $780, 900 and lost the
money at faro bank. This crippled the co n
cern beyond redemption.
Sterling exchange was very steady; gov
ornments quiet money offered at a.
Stocks generally were lending at to p
Reading commanded premium for the use Of
1-8i, and New York Central was in demand.
On the second call stocks were very stiff at
the best prices of the day. Omaha preferred,
on purchases by II. N. Smith, rose to "a, and
common to iS. Other features were Northern
Pacific, Jersey Central, and Delaware and
Lackawanna, 1t was reported late this safter-
noon that DIR. Green had given up his Eu-
ropean trip on account of i'll health. 1t is re-
ported that tho Delaware and Lackawanna
road had applied for admission to the trunk
line pool 1t is also reported that Smith,
Keene, and Vanderbilt boys bought stock this
afternoon. Just after p. m. there was a re.
action Of to per cent. in the active stocks,
but the general list remained to u per cent
above the morning prices.
The most active stocks to-day were Della
ware and Lackawanna, Wabash, Omaha, Jer-
sey Central Union Pacific, Northern Pacific,
Western Union, and st. Paul. This market
has shown the power Of the large operators.
Stocks were lifted from to per cent. with
the greatest ease. The market closed fairly
strong, well sustaining tho advance of the
day. The buyers may be the sellers of to-
morrow.
Judge Potter, in the supreme court has va
Gated the Judgments for default of interest in
the Jacob case aguinst the Texas Pacific COM
pany.a. This default WIS made last spring on
bonds issued in ls52 5s.
Judge Potter decides that the cases were
properly removed TO the United States court
A Paris dispatch says there is a stronger
feeling on the bourse, and rcntes have risen
10 centimes
A private dispatch from Chicago, from the
xnraai1ant of trun lina
there is no financial troubles whatever and
the outlook is as good as can be expected
Sterling exahangel is steady. The cotton
market is stupid, Mr.. Gould says he expects
to see the general stock market very much
stronger and higher inside of ten days.
Seligman & Company say that their Euro
pean correspondents cabled a greatly inn
proved feeling in financial circles at all cen
ters, owing to the general reduction in dis
counts, and there is a good demand for Amer
lean railway bonds
Special Chicago advices say there is no prob
ability of any adverse railway legislation this
winter. al.75s
Treasurer Laws OF the Rocl; Island railway,
says there is not one share of this company's
stock transferred on the books to ten shares
sold in the board.
Stocks are lending to 2. New York Cen
tral and Reading are in demand, Van En-
burg and Won Hoffman are buying mostly
Wabash preferred. The sellers are scattering
Kirkner bought most of the Delaware and
Lackawanna.
Lo ndon private dispatch reports American
securities very strong, with good demand
for Lake Shore, and orders have been cablcd
to New York to buy st. Paul common.
GENERAL MORNING GOSSIP.
There was large number of traders at
the Windsor yesterday, discussing the fin
ancial situation, &C., and the bulls, who were
somewhat in the majority, held that if stocks
were slightly lower this forenoon they would
do to buy, and if there was no further spe.
cially bad news the market would close
stronger and higher this afternoon.
The vice president Of the Pennsylvania
railway said that the east bound freight cut,
ting troubles had boen easily rearranged, be.
cause they were triiling and easily harmonized
Fink will have no trouble in settling the pas
senger misunde rstandings of the latter.
Keene's friends say he threatens to make
further raid to-day and he will probably at
tack the Gould stocks. Tho old Windsor bear
party were also pretty free, predicting lower
prices and break down in the Wabash stocks
also talking down st. Paul
A prominent smasher of Wabash stocks OIL
Wednesday was said to have cabled to Am
sterdam that the Wabash road was going into
receivers hands.
The friends of this road said there was nC
truth in this because there had as yet been
no defaults, and although 1t was admitted
that its business, owing to the freshet, had
fallen about $4,000 during the first fortnight
in February, the business was now gaining
rapidly. An officer of the Wabash road said
last evening that Mr.. Gould and other strong
men were large owners of Wabash securities
and under these circumstances the road
will not be allowed to pass into the
courts, Regarding the st. Paul, there
was considerable bear discussion over
the last issue Of S3,3OO,OOO in bonds on the
Eau Claire division, and it was claimed that
the same had been made largely in advance
of construction, &C.; but the friends Of the
road denied that the issue had been made
mainly upon this division and asserted that
the bonds were secured by other roadways aud
various collaterals, Dispatches from President
Mitchell deny the reported proposed, issue OF
car trust bonds but it is stated that the com
pany has issued about 81 100000 of new bonds
for new stations aud other improvements. and
they were taken by private bankers, who will