National Republican., 1883-02-10
THE MARKETS.
An Improved Feeling in Wall Street Encour-
ages the Buyers.
The Rumors OF the Dny-'Tbe stock and
Provision Lists.
REVIEW OF THE DAY.
S,,,cjdl DieDqicb

Special Dispdich.
NEW York, Feb 9--The opening was stiff
and the feeling generally bulish The biggest
trading was in Union Pacific, and it was the
leading market on transactions. It was re-
ported that Gould took an important bull
part on Union Pacific, and CammacS bought
for long account. Central Pacific advanced
on the rumor Of consolidation with Union
Pacific, but this hurt Denver for this CONSOLE
dation if made would place it at disadvau-
tage in making contemplated connections at
Ogden. At noon stocks were dull, and about
one point below the opening, The bears de-
clare that the recent bull party is selling St.
Paul and Denver, and hedging an Union
Pacific.
On the second call there was an advance on
dull transactions, Northwest common, how
ever, should fall 81 from the opening, and
New York Central Il decline At 2 o'clock
the market was depressed, and there was
no split in the boards dealings.
Money lent at 4 TO 81 sterling was steady
and inactive; stocks lonned-Lake Shore
premium New York central 1-32, and North
western was very scarce. Early in the last
hour the general list became stronger IL was
reported that Mr.. Gould had accumulated
considerable Union Pacific to-day. and the
buying had been better than the selling. The
market rallied to per cent. all around, but
did not reach the best figures of the morning.
The tendency continues upward, but trading is
very dull and mostly by room traders scalp
ing. The buying and support of the market
to-day has been very good, and certainly indi-
Gates much better market tomorrow.
Gould is buying very heavily, and his fol-
lowers are also heavy buyers. The short in
terest is still very large and it will have
trouble to cross without considerably advanc-
ing prices.
POINTERS.
There has been report current of closer
consolida tion of interest, if not an absolute
amalgamation, between Union Pacific and
Central Pacific, and upon it there has been
some selling of Dcnver,t the bears on the latter
declaring that no very advantageous connec-
tion WILL in this event, be granted to the
Denver road at Ogden. 1t is claimed that the
Den yer pool has been selling for three or four
lays.
Union Pacific continues the speculative
.ard. Hatch & Foote have bought considera-
bly,, and Landburg, Arnold & Co., Scranton &
willard, and S. V. White have been the
sellers.
Randall & Wierum have sold the most Nor
folk and Western preferred to-day; l.. Calm
& Co. and ]. r. .lProbst were buyers.
Lake Shore has been lent for the use, but
the bears generally refuse this rate and it is
offered at to 1-32 bid for use of New York
Central, and Northwestern is scarce
Enos bought 1000 shares of New York Cen
t,o1 aud Snrontn,, NNil1or1 hnupbt - tI,;s
morning.
Tho London market for Nanderbilts and
Grangcrs is reported very strong, and orders
to buy arc coming over this morning. Ster-
ling exchange is steady. Government bonds
dull with no orders and the silver craze hum
bug is prevalent. "t.. .H' "a 'a2
The bears say the recent bull party has been
selling ST. Paul and Denver and lilo GranNe
after first selling Union Pacific as n hedge
Denver earnings for the first week in Febru-
ary decreased 1000.
Van Emburgh bought most of tho Union
Pacific this morning, and it is reported that
Cammack has bought'for long account.
Woershoflcr says he covered his shorts in
Union Pacific yesterday. Robins s. Robinson
bought to-day.
GOSSIP.
Traders reported that the main feature yes
terday was the large coverings of shorts 1t
is reported that Cammacl1 covered 10000
shorts of Union Pacific and n quantity of
Union Pacific bought in for Boston account.
Sidney Dillon tells his friends positively that
nothing unlavorable regarding this property
is to come out in tho government directors re-
port, and the company Is earning ID per cent.
upon the stock. Commission houses bought
stocks again yesterday for n long account, and
this was regarded as favorable feature, but
buy ing was limited and not enthusiastic.
l. SAT-
mainly bought by Mr.. Smiths brokers upon
the favorable state of the coal traffic. Gould
was at the Windsor hotel last evening and
predicted higher prices. Sage told his friends
yesterday to sell no stocks at present prices,
especially SOuthwestcru's. Cammacli de-
nounces the twist in Lake Shore, and is very
sore about buying under the rule. Gould's
brokers believe the market is scraping bottom,
and many orders to sell have been withdrawn.
\ large holder of Erie stocks says the reported
issue of five millions of > per cent. income
mortgage bonds is probably well founded.
The company propose to mortgage unncum-
bered real estate in Wechawken and Buffalo,
the proceeds to be used for another new ele-
vatOr and rolling stock, Another report SAYS
these new securities were issued sometime
since to the extent of $6,00000O of collateral
trust bonds, and all subscribed for.
Summing up last nights gossip indications
point to n further advance of of l to 2 per
cent. in the market
Keene has come out a big bull, and is buy
ing Western Union.
LONDON, 12;30.-EXtended SIS, ! higher;
New York Central, 7 st. Paul, Illinois, 4
Reading, 4.
Special Dispatch.
New YoRK, Feb. 9,--Tho cotton market
has been we'll sustained to-day at tho ad-
vance of yesterday. Liverpool closed very
firm, and our market reached u little on ac-
count Of large port receipts Private advices
from Liverpool promise an advance in cotton,
owing TO an increased demand from manulact-
urers and bad crop outlook abroad.
STOCKS.
The following are the opening, highest,
lowest, and closing prices of the principal
stocks for the day, rs corrected by special wire
reports received by Bateman & Co.. bankers,
No. Corcoran building;