National Republican., 1883-03-05
WEEKLY BANK STATEMENT.
SATURDAY MORNING GOSSIP.

SATURDAY MORNING GOSSIP.
Private accounts received by tho Granger
road people here regarding their lines and
early spring business are very favorable
The st. Paul, Omaha, and Northwestern
roads and branches were open yesterday, and
traffic had been resumed in both directions.
The Northwest earnings for the fourth week
in February increased about $4,000, and
barring accidents or snow, the management
believe there will be constant gain until
late in the spring. Friends of the Northern
Pacific and Oregon Transcontinental were
very enthusiastic over the advance yesterday
They said the report was true that the North
ern Pacific company was concluding sale of
large tract of land upon very advantageous
terms.
A prominent Metropolitan Elevated officer
said last night his company had decided to
send no moro money to Albany, but would
fight out the cent fare bill.
The average impression last night was that
this month, being dividend paying one on n
large number Of stocks, short sales of this
class of securities would be hazardous at
present. Traders say there is money now on
the bear side.
IflulY
were generally bullish and most of them long
Of stock.
Work, Strong & Co. reported that they had
bought about 5000 shares of the Northern
Pacific in the afternoon, and Henry Clems
bought Oregon Transcontinental. Cammaclz
and Woerishofler continued bearish, and the
latter said he had no faith in any advance,
and believed Gould was selling the market
all the time. Woerishofler did not believe
the Northern Pacific had made any new sale
ofland as reported, and thought the story had
been started to sell stock upon. He did not
want any Northern Pacific, and said he had
n sad recollection of being filed up with the
preferred at high prices by d. o. Mills last
Bear, who dumped his stock upon the pool.
A private note received by banker from
an officer in North Pacific, says: ave know
nothing of the alleged sale of our lands. and
we only know that Frank Work has bought a
large amount of the North Pacific stock, and
the house of Work, Strong & Co., represent Il
London syndicate"
LONDON 1880 p, m,-United States As nd
vanced t, AIS / st Paul advanced / Penn
sylvania Central ! Ontario and Western 4 ;
RETROSPECTIVE AND PROSPECTIVE,
There can be but little doubt that the Gle
ment Of buoyancy is the predominant, if
latent, feature Of the financial situation.
That this should be the case is most natural
when the vast material resources of the coun.
try and the capacity and enterprise of its pop
ulation arc considered. Since the advent of
the now year there has been a steadily in
creasing volume of mercantile transactions.
The magnificent crops Of last year
are now exercising their legitimate in
huence in beating down the adverse
conditions arising out of destructive floods
heavy SHOWS, and uncertainty as to congress
sional action on the great industrial interests.
With regard to this latter fact it can bo said
that the week closes with every hope of favor
able action by the national Legislators on the
tariff question. Cereals are crowding their
way from the west to tho eastern markets,
and are passed on the journey by money aud
goods travelling westward to pay for them.
Thus it will bo seen that the national
circulation moves vigorously, healthily,
and steadily. As consequence Wall
street has recovered from the nervous
tremors Of the recent past, and is less easily