National Republican., 1883-01-16
THE MARKETS.
The Beginning Of the Boom Believed to Have
Been Felt in Wall Street.
A Slight Advance in Prices Yesterday
Pointers OF tho Day,
TO-DAY IN WALL STREET.
Spfcial Dispdieh.

Special Dispdieh.
NEW York, Jan. 15-The opening was
strong, with good general buying and the
bears climbing to cover. Western Union was
very strong at one point, and with Gould buy
ing It as well as Southwesterns. Denver was
strong on large transactions and rose per
cent Keene's brokers covered 5000 shares
in it. Richmond and Danville rose 81 points.
The Vanderbilts and Changers rose fraction
ally.
On the second call the market was easier
and dull. Delaware and Lacltawanna was
pressed for sale by the bears, and transactions
were heaSy, but the stock stood it, only de-
clining after all hammering.
II. X. Enos & Co. were the principal sellers
of Delaware and Lackawann.a
The earnings of the trunk lines are very
favorable thus far in January New York
Central increased the first week s1,5O0
Early in the last hour stocks improved some
what, with indications firm, closing on light
business and insignificant trading.
Money loaned at 4 to 8 stocks to 5.
There was some increased borrowing de-
mand in st. Paul, Union Pacific, New York
Central and il was reported that London
traders were short considerably here.
At this hour, 2.3O the feeling is very firm,
and the leaders of the bulls appear to be
abundantly able to hold market rental until
the outside public come in as buyers.
Sterling Exchange very strong and scarce.
The market closed fairly firm, with some
gain for the day. Private advices state that
the bull leaders in the market had full con-
ference to-day and agreed to advance the gem
eral market this week.
The support has been of best kind to-day,
the orders at the opening from the outside
buyers was larger than for some days. which
shows that the outside buying is on the in
crease.
Chicago dispatches say tho Nickel Plate
will enter Chicago over the Lake Shore.
Sterling is strong and scarce, and bankers
are Indifferent about drawing.
Money is reported very easy in London.
Some of the foreign houses say that London
traders are largely short in this market at
prices considerably below present quotations.
The Gould people are buying literally of
telegraph and southwest stocks.
The New York Central gained in December
$5s5,000.
1t was the Norfolk and Western which in
creased its common stock 10000 shares Satnr-
day, not the Memphis and Charleston, as pub
lished in the papers. -'
In weli-informed quarters it isasserted that
satisfactory working arrangements between
Erie and the Atlantic and Great Western
railway are nearly settled.
The Western Union bulls say S5 by closing
Wednesday.
There is some demand for st. Paul and
Union Pacific.
r.. p. Flower and Van Emburg are borrow
ing New York Central.
Enos is selling Delaware and Lackawanna.
Van Emburg bought Rochester and Pitts
burg largely.
The supreme court decides to-day in favor
of the sale of the indianapolis, Bloomington
and Western railway.
Predictions for the week are generally bull
ish,
Brokers report there has recently been but
q few long stocks offering, and buying is con-
stantly improving.
Commission houses began to execute buy
ing orders from country, and big operators
and traders except Keene, who they say don't
amount to much, are bulls.
w. r. Travers has changed to u bull, and
his broker is buying Texas Pacific and other
southwestern stocks. He has gone long of
these stocks, he says, because of their low
price and wonderfully-increased business of
the system.
Cammack is great believer in n general
rise and declines to sell anything short. lie
is long II 900 shares of Denver. Sage tells
his friends he believes the market will harden
day by day, and by Saturday be to points
higher.
Mr.. Connor believed prices would gain con-
siderably this week, and If the shorts are not
covered the bears would get hurt before Sat
, urday.
WoerishoArer is BULL and says he has sold
nothing lately.
Mr.. Gould's friends say he bought satur-
dayO
The friends of Gowen say the Reading rail
way will come from the receiver in twenty
days.
Room traders continue bullish.
Mr.. Vanderbilt, in conversation with n
reporter last evening, denied tho story that
he had been buying up Illinois Central, and
controlling the property as reported from
Chicago He also added he had not sold any
New York Central or Lake Shore in year.
1t is understood that Gould and Ballou, Of
Mutual Union, are perfectly harmonious, and
there will be no more veXatious litigation be-
tween telegraphs. There are hints also of
pooling arrangement
Tho Pacific Mail people say this company
has not a dollar of floating debt and will pay
dividend this year, and 90 is predicted be-
fore autumn.
LONDON, Monday 1:30.-United States ex-
tended 5's / higher; st, Paul rose l New
York Central rose / Pennsylvania Central
rose /, and Ontario and Western rose 4.
A reporter of the REPUBLICAN met DR.. Nor
rs Green, president of the Western Union
Telegraph company, in the Office of Bateman &
Co., yesterday, who said the large number Of
legal suits against the telegraph company did
not Cnuse them any uneasiness, ms Ii was an
old story and they were getting used to them,
STOCKS.
The following arc the opening, highest,
lowest and closing prices of the principal
stocks for the day, as corrected by special wire
reports received by Bateman & Co., bankers,
No. 1 Corcoran buildings
u = =, =,