National Republican., 1882-12-04
THE MARKETS.
A General Feeling of Disappointment Among
Traders in Stocks.
Special Dispatch.
REVIEW OF THE WEEK.

REVIEW OF THE WEEK.
New York, Dec. 3.-The market closed on
Saturday with a general feeling of disappoint-
ment, which was participated in by both bulls
and bears-the former that the increased rail-
road earnings, easy money, and treasury dis
bursements had not placed values on a much
higher seale; The latter that the railroad war
and great depression in the iron trade had not
forced prices down to much lower figure. In
the early part of the week the bulls were in
high glee overthe accession of recruits from the
bear side of the market, which caused rapid
covering of shorts and q general advance of
from to 5 per cent. in all the active stocks.
The heavy buyers during the great depression
of the week before, when they checked the
decline in the market, took first prices, and
sold out their holdings to the shorts, who were
trying to cover. The trading during the lat
ter part of the week was almost entirely by
room traders and professionals, there having
been but little buying by outsiders. The
market was rallied and depressed entirely by
rumors of the settlement or renewal of the
railroad war; and it closed ON Saturday even
ing generally weak at the bottom prices of
the day.
All the Northwestern stocks were pressed
for sale owing to the failure of the meeting of
the presidents and managers of the warning
roads to reach a settlement of the difficulty
before adjourning at p. m. on Saturday. The
next meeting will be convened in New York
on December 8.
The coal shares were depressed on reports
that the coal companies would be compelled to
restrict mining owing to the great dullness in
the iron trade.
Northern Pacific and Missouri Pacific
stocks were comparatively firm. The
heavy drive made at Wabash on Satur-
day was caused by the rumor that ten mill
ions of new stock would be issued. The off
GERS of the company, however, denied the
truth of the report. The general feeling on
all sides at the close of the week was that
Wabash preferred will go considerably lower,
The short interest, which was so well COW
cred on Wednesday, was renewed on Friday
and Saturday, and the week closed with
heavy borrowing demand for all active stocks.
The Park-hlills- Cammack following continued
to be as bearish on the situation at ever, while
Osborn and Smith went over to the bull side
To be able to predict just where Gould, Keene,
and Vanderbilt stand now would be fortune
to the person endowed with such Gift of
prophecy. The influence of the present rail
road war reaches out to the values of other
securities, and is hurtful to every industry of
the country, 1t was hoped that with such
plentiful crops and great activity in mercan-
tile circles plenary reasons would exist for
the non-cutting of rates, If this state of
things continue in the Northwest much lower
prices will be seen during the coming week,
Notwithstanding easy money and large rail
road earnings.
Money closed easy, being offered at A per
cent.
STOCKS.
NEW YORK, Dec. 2.-The following are the open.
ing, highest lowest aud closing prices of the rin
cpal stocks for the day, corrected by Bateman &
Co., Corcoran building