National Republican., 1883-01-19
THE MARKETS.
Large Orders from Abroad Give Prices Another
Advance Yesterday.
A slight Reaction Caused by the Efforts
10 Realize.
BUSINESS IN WALL STREET TODAY.
Snfrfol Dfepnfeb


Special Dispatch.
New York, Jan. 1S.--The market opened
active, with a strong send off, and a general
advance. The most active leaders were St.
Paul, Omaha, Lackawanna, New Jersey Cen.
tral, and Western Union. The leading COM
mission houses had very numerous telegraphic
orders to buy before the opening. In the early
trading Delaware and Lackawanna transac-
tions were very heavy. st. Paul was also
prominent, and William Heath bought IL, 600
shares for d. p Morgan and his friends in
J. ondon. About noon there was reaction
fnom to ~ in the general list, Northern
Pacific suffering moston II report of decreased
carr lings.
Tn ere was considerable realizing this fore
noon, and the reaction was regarded as healthy.
On tn, , second call Union Pacific rallied T. and
the getieral list hardened again. Sterling ex-
change was firm, and governments strong
Money at to AZ. Stocks loaned at 4.
Russell Sage says the advance has been too
rapid, and reaction will benefit the market
Early in the last hour the market was quiet,
but frmen, and only stocks pressed were New
Jersey &c ptral and Northern Pacific.
The strong parties who are manipulating
the markeA apparently sold stocks, but there
is no indication that the upward movement
will be checked to-day.
The msfk ct closed weak, at about per
cent. below tl!e best prices of the day.
There has been considerable realizing to-
day, and the market felt it very much to-.
ward the close. This is only natural, as the
advance was too rapid.
The reaction is healthy, and should the
market open of Tomorrow it will do to pur-
chase. The best lign in bull market is o
healthy reaction, MS it gives the leaders
good chance 10 sell o0t, and check too rapid q
rise, and then buy back, and support the mar
ket when necessary,
The Illinois Central books close Feb. 10. A
regular dividend will be paid March /, 81 per
cent. cash. with per cent cash extra from
the earnings of the southern line "a per cent.
altogether, payable March, ~
1t is believed in the stock exchange that ID.
P. Morgan and some friends in London this
morning bought here 10000 shares of st.
Paul through William Heath at 1O72 to 1Os
Seligman says most Of their orders from
London to-day have been to sell stocks.
vt is reported that the Union Pacific road
LOST about $4,000 the first fortnight in Jan
uary. -.
C.,E. Ford sold block Of $4,000 shares of
Delaware and Lackawanna, buN the stock was
largely taken by Arnold Leo. WoerishofTer
is giving out the purchasing orders in Della
ware ind Lackawanna.
Bird bought great deal of Illinois Central.
The Reading railway application will be filed
in Philadelphia to-day. Sage says the market
is going nm too f1st (fnr bic co1IoA
EARLY MORNING POINTERS.
There is no change in tho position of the
leading operators, who began week ago To
advance the market. Most of them wero in
consultation last evening Could Sage, Cam
mack, Woerishoficr, Osborn, Smith, Scott,
Connor, and their extensive followings con-
tinue to talk fully as bullish as ever, and even
Keen has been about tho largest buyer re-
Gently of New York Central, and has nut
his friends on this stock for considerable ad =
vance. Could however, is the great buyer of
the general market, and his enormous opera
tbons made the market jingle yesterday.
There are no signs of any realizing sales of
moment, and even after the closing yester-
day A. II. Brown & Co. took all the Texas
offered up to 12B: The room traders sold a
few stocks during the last hour, but said they
expected to buy back to-day on reactions
The room traders are generally bullish.
Cummack bought heavily of the general
market yesterday, especially Texas and Den
yer, and said he bought the Denver and Den
yer bonds in London. He said the road
would be finished from Denver to n connec-
tion with the Central Pacific at Ogden by
April, they forming trunk line to the Pa
cihc coast.
The commission brokers report more outside
trading.
Movement in Oregon Transcontinental is
for much higher figures, and by insiders in the
Northern Pacific.
People buying Louisville and Nashville are
said not TO be quite ready for rise, but are
accumulatihg stock.
The short interest in St. Paul is now largest
in board, and numerous points are given to
buy it for smart advance.
It's believed at the Windsor tonight that
the market would probably open "off" to-
morrow, but would react upward and con-
tinue so the balance of the week.
STOCKS.
The following are the opening, highest,
lowest and closing prices of the principal
stocks for the DAY, as corrected by special wire
reports received by Bateman IL Co., bankers,
No. l Corcoran building: