National Republican., 1883-09-11
THE MARKETS.
A Strong Closing at the Highest Prices Of
the Day.
Who Were the Buyers and selIers-Un-
certainty OF tho Corn Crop.
GOSSIP OF THE STREET.
S3ccfgl Dipaich.

market this morning on the reported dam
ages to corn in the northwest, and on tho
New York Times article of yesterday, allcg-
ing that tho trunk lines were ripe for war
and that ratio cutting on colossal scale was
to be expected because the traAic agreement
had failed and that tho New York Central
would no longer act on, the defensivo. The
bears even reportthat Vanderbilt has already
advised President Rutter to mako traffic rates
at such figures as will secure business, and
certain brokers who sold New York Central
largely short Saturday claim TO have seen
such kilograms. On the other hand, Prcsi-
dent Newell, of tho Lake Shore, told frionds
here Saturday, just before leaving for Chicago,
that everything pertaining TO trunk lines
had been arranged and satisfactorily finished
on Satu rday that all parties concerned were
pleased, and that be had bought stocks hun
self upon the improved situation Tho bnsi-
ness of the lines Is steadily increasing, and
last weeks tonnage exceeded tho week pre-
vious by 3,451 tons. An advance in east
bound freights is proposed for Oct 1. Pri-
vate advicos from the west regarding the
frost damages on Friday night are generally
moro favorable than the press dispatches,
and indicate that the main corn belt was
not reached to much extent by the frost.
The superintendent of the Iowa division Of
of corn ON our lines very large do not take
any stock in frost damages; everything o. X.
in Iowa, and we confidently expect as good n
crop as in 1880" (The 1880 crop IN Iowa was
the largest ever raised in that statc,)
The most conservative brokers think that
If prices are ratified Off u little to-day that the
hammering process will start again to-mor-
row, and there will be another advance be-
fore Wednesday night. 1t is GSpected that
London will bo seller to some oxtent here
to-day on cables from here yesterday. Sew
eral cablegrams were received here from Lon-
don aud Amsterdam bankers, inquiring the
extent of the frost, &C., III the west upon crops.
New York weather--RaiIed most all Satir-
day night clear and quito cool since.
Money loaned ut 2(g3, stocks at about 9.
In Union Pacific, l.. Calm e. Co. and RI
Flower sold; the buyers were Nanderhoff
and VIM. l.. Stow. In Western Union the
sellers were Coombs, Boyd, VIM. Taylor and
Mills. also Robson and Smith; the buyers
were De5marets, Vanbuskirk, C.SF Timpson
d Co., and ], b. Alexander. In Northwest,
the buyers wore Herrick and Scranton and
Willard; the sollers were Ellis, Miller aud
Hunting. In Louisville, Quick and Bell
sold. and Chapman and H. Durand and
Buzby, bought In Reading, l.. CABIN u Co.
aud VIM. Bird sold. In Erie, the largest
sellers were Haight and Brandon; L. II.
Niles bought In Lake Shore, the buyers
were Drhmmond, Truman, Bissell and Her
rick; the sellers were Bell and Sternberger
and Field. In New York Central tho buyers
were Herrick, John Brown and Reed; Hatch
and Kendall sold. The Mercantile Trust
company will to-day sell out the Denver and
New Orleans railway, and it is believed that
the Denver and Rio Grapde will secure con-
troll.
REVIEW OF THE MARKET.
Stocks opened strong, but per cent. lower
for Rock Island Illinois Central, the Omahas,
Jersey Central, Erie and Wctern, Central Pa
cihc, and Northern Pacific common. Canada
Southern fell IL after the opening Other
stocks generally fell to 1 below Saturdays
closing. There was an Enthusiastically strong
undertone, and it became sitter soon, and by
1880 o'clock had advanced Ii for Northern
Pacific preferred 10 for Central Pacific, II
for Burlington and Quincy, Oregon, Trans
continental, aud Northwestern common, Ii
for louisville, II for Jersey and Union
tral, Lackawanna, Lake Shore, Den
yer, and Reading. Chattanooga opened
3 points below Saturdays closing. Stocks
loaned about q money % to 3. Coy
ernment bonds were firm; foreign exchange
unchanged.
The early advieos to-day from Chicago re-
garding tho weather were very unfsvorable,
but later adyiSes were less disquieting and
last nights frost only touched few points
on the edgo of Lake Erie.
On the second call stocks were strong and
higher Lackawanna leading the advance.
Among the buyers were the brokers, who sold
the most stocks on Friday and Saturday.
Late on the secondtcall there was slight re.
action, but at 2.15prices were again strong
and higher. STOCKS at Che close were strong
at the highest prices of the day.
Mccormick, Adams & Co., of Chicago, tele-
graph The weather is fair throughout
warmer west and northwest. So far as known
Al,NF ka1 ~
Pittsburg, Buffalo, Ontario, and Northern
Illinois"
Mr.. Tows, the treasurer of the Rock Island
road, says that the Times report of this morn
ing, regarding damages resulting from frost,
is substantially correct. The frost has in
jured corn to some extent on the low lands
but not upon the high lands. The Rock ISL
and August earnings, he said, increased about
100000
A Philadelphia telegram says that the
Reading company is mining 10000 tons of
coal daily and is hardly able to supply the
demand. Ten vessels are at Port Richmond
waiting loads. The western demand increases.
One day last week 10000 tons We're shipped
to Duluth, Wis.
Gould says it's only natural that conflict
ing crop reports should come until the corn
situation is settled. For his own part he is
already convinced that that great bulk of the
crop is safe.
n ChlcoSo telegram just received by McCor-
mick & Co. says: Reports from Nebraska show
no damage. Think no severe damage to corn in
the corn belt, but some fields on the low
ground are probably hurt"
Hobrook & Co. to-day filed the schedules In
assignments, liabilities $64S 900; nominal as.
sets, sol 40D0; actual assets, $3lSO00; preferred
creditors, $4,000
S.NMhite was prominent buyer of Lack
awanna this afternoon Davis S N[innis and
Dickinson also bought In Louisville Vyso,
Son 4 Brown were prominent bnyers; Van
Embqrgh sold. Jersey Central was princi-
pally bought by Van lsmburgh This afternoon.
Herrick also bought and Horton sold. Ia
Lake Shore Knapp & Peabody were tho
largest buyers; Sehepp sold. The Osboine
brokers aud Bissell bought st. Paul. In Eric
Dickinson bought and Wormser sold. Johncs
sold Reading aud Northern Pacific preferred.
Judge Donohue has enioinod the sale OF the
Denver and Now Orleans road on petition OF
the bOudholdcrs.
LONDON, 1;3O-Unted States bonds un.
changed, Erie loVer, Now York Central 1 !
lower Illinois Central II lower, ,Rcading l
lower, st. Paul u lower, and Ontario and
Western lower
WASHINGTON STOCK EXCHANGE
Free ltf-
bohrd or puzzle orHs,,"",'''"'"".',..,.- 81 9lA
Washington Markei On, ,-st0cl......,.D.- lls l3is
INLAND ana Seh.cOast CO.-stOck..,.lOO.. Is ,...,
lvanhoe Mining CO.-stock .,....,... o.. -...- IL
nank ot nslon'.'"',.'.'..'",.'"S9." - .".,-