National Republican., 1883-09-01
THE MARKETS.
A Better and More Confident Feeling on Wall
Street
stocks ON the Upward Turn, and Buyers
Moro Numerous Than Sellers.
GOSSIP.
SDectdl DisDnicn.


NEW YORK, Aug. 31.-There Is an assured
feeling prevailing in favor of tho higher
market for leading stocks and it is asserted
on excellent authority that large number Of
buying orders have come in tho past two days
from homo and foreign investors who think
the time has arrived when sound stocks are
purchase. Reactions, they say, are naturally
expected, but the current is in direction of
higher prices, and II is remarked by the brok-
ers that comparatively few stocks are offering
and sharp borrowing demand exists in the
board for everything. Mr.. Smith predicted the
advance which was established yesterday, and
1t was known that Morgan was u large buyer
of the market. Tho commission houses re-
port customers returning to town are buying
and picking up stock. Almost all good stocks
are oversold. If the conditions favor the corn
crop as at present until the fifteenth of Sep
tember there is liable to be q great scramble
from the shorts TO get under cover. A great
many stocks have been sold short in anticipa-
tion Of frosts in the corn producing bolt.
The pool in Louisville talk so for the stock,
and estimate this years earnings at $15,000,-
600, which is 6 per cent. on the stock. Heath
bought this stock largely yesterday, sup
posedly to cover shorts.
Largest trading at opening was in Lake
Shore. The Germans, being large sellers,
Coombs bought 1000. The sellers were Van
Hoffman, Sternberger and Fuld, Appenheim,
Vermilye Dillon, w. b. Wheeler and Wilson,
and Whittmore. Youngs g. True sold 500
Northwest buyers arc scattering In Read
ing Philadelphia brokers sold. De Haven
sold 1000 and Calhoun bought. Coombs sold
st. Paul and Sternberger bought. Ellison
sold Lackswanna and hammered tho stock.
Union Pacific and Western Union were dnll,
but good.
Sterling was dull and nominal, and gov
eminent bonds strong, but business was mod
crate, as there were few offerings. Money, 2
to %.
Mccormick, Adams & Co., of Chicago, tele-
graph that the weather is partly cloudy in
the northwest. Elsewhere it was fair to
clear and warmer throughout. A warm wave
is moving easterly, and may be expected n
the coast tomorrow or Sunday.
Henry Clews & Co. have been buying stocks
largely to-day. No positive weak spots have
been apparent to-day in the board. 1t is re-
ported that 81, 100000 of new collateral trust
bonds issued by the Transcontinental COM
pany and guaranteed by the Northern Pacific
were taken from the printers hands yester-
day.
A Philadelphia dispatch says tho coal trade
is in excellent condition, but there will be
no advance in tolls.
The largest trading on second call was in
Lake Shore and Lackawanna. In Lake
Shore the sellers were Walsh, Ellison, Hard
ing, and r. Rogers. Kirkner bought largely.
Laokawanna was sold mainly by Ellison,
Walsh, and Zerega. The buyers were John
Wallace, Chaplin, and Brandon.
REVIEW.
The fluctuations during the forenoon were
narrow and not in excess of per cent. either
way, except for Northern Pacific preferred,
which declined l. Louisville was weak, de-
clining I, but otherwise the market had an
improved undertone. There was period of
weakness shortly after the opening but by
noon prices were again to above the open
ing, Northwest preferred the most. Lake
Shore led the market in volume of trading,
the Germans and room traders being free
sellers. Philadelphia brokers sold Reading
and Ellison hammered Lackawanna. New
York Central lent fiat, Jersey fat
to to- Ga, and Northern at1i Paoiao preferred referred
to 4.s24 and 6 by Brown Bros. Governments
strong. Money 2 and g. Lake was again
the prominent feature on the second call,
and the big room traders jumped on it,
forcing the price to 99a. Lackawanna was
also feature, though fairly firm, and was
hammered at by. the room traders. Tho
buyers of Lackawanna on the after
noon raid were Wallace, Chaplin, and
Brandon. The Willard shares recovered
the mornings decline, and the rest
of the market, while in some cases higher
than at the opening, was IN tho main as at
starting Early in the last hour Northern
Pacifics were strong features at and 1t
above the opening price. The market closed
firm at the days highest prices.
LONDON, Aug. 31.-United States bonds
unchanged Erie higher, New York Cen
trail higher, Illinois Central higher,
Reading higher, and st. Paul higher.
STOCKS.
The following are the opening, highest
lowest, and closing prices of the principal
stocks Tor the day, as corrected by special wire
reports received by Bateman & Co., bankers,
No. 1411 + street northwest: