National Republican., 1883-10-15

the week shows o decline from Monday of IL
to 10 points.
Spot cotton has been only moderately active;
quotations have advanced on an average &.
Business has ruled quiet in the wholesale
branches Of tho dry goods trade the past
week. Tho mildness Of the weather have re-
tarded tho demand for nearly all classes of
heavy fabrics.
The domestic commission houses have ex-
perienced steady, though moderate call for
cotton aud woolen goods, but there is no snap
60 the demand, and selections were entirely
governed by actual wants. Foreign goods
were very quiet in first hands, and most kinds
sold poorly when offered through the medium
of the auction rooms. The jobbing trade was
light and irregular. Accounts from the west
aud southwest continue satisfactory, but late
advices from certain sections Of the south are
not as favorable as could be desired, the par
tial failure Of the cotton crop in some Sec
tions having had q depressing effect on busi-
ness, and rendered buyers very cautious in
their operations,
THE STOCK MARKET.
In the stock market the course of prices has
been downward There was o temporary
flrmness during Monday and Tuesday caused
mainly by the official announcement Of the
determination of the managers of the North
ern Pacific to issue per cent. fifty year
second mortgage for $40 900, subject to
the approval Of the preferred stockholders,
and it was reported that SlS,000,000 Of them
could be advantageously placed Immediately,
but the Improvement lacked character, and
as the short interest in tho Northern Pacific
was pretty well closed out by Tues
| day afternoon, Another attack on
| these properties was made, but thoy
did not yield as much as was expected. 1t is
gratifying to note if only for the sake OF
variety, that tho Wizards "were not the
weakest on tho list" The Vanderbilts, on
the whole, seemed to have this honor, though
| the southwestorns were good second. West
ern Union, tho coalers, Union Pacific, and
| Northern Pacific preferred were fairly well
sustained, considering the great pressure ia
SELL 1t was noticeable that for three or four
| days tho market was turned upward during
| the last hour Of business, showing pretty con-
clusivoly that the spectators for a rise still
had some sort of grip on the market, and
that the bears, notwithstanding their bold
| front, were fearful that q sudden advance
might be made.
Ihore is scarcely anything to encourage
outside speculation, though to q certain ex-
| tent outsiders arc In tho market, but they
are on the bear side. Even an upward move-
ment sustained by manipulation, if such were
possible under existing circumstances, would
not give confidence since the belief is pretty
general that the leaders are heavily loaded
and have no interest in the market except to
dispose Of their holdings. Confidence can be
restored, but only by return to the old
fashioned way of managing properties in the
| interest of their stock and bond holders, and
by publishing truthful and prompt reports
of earnings and financial condition. The
following is review of
| SATURDAYS MARKET.
Stocks opened dull, but with some activity
in Lake Shore, which, on covering by the
small bears, sent price to 9S3, the rest of the
market sympathizing, but afterwards falling
off, and then again becoming frmer, owing to
same causes, the result of forenoon's tradine
being that values were nominally to above
last evening. At 12 o'clock the Vanderbilts
particularly Michigan Central, were firm
Oregon Transcontinental was heavy, but the
North Pacifcs were firmly sustained. Den.
yer was weak on the officially announced
$4,000 share issue of new stock. In railway
bonds, Texas Rios were the feature rising
to ~.
Vanderbilt brokers were free buyers of Lake
Shore and other stocks. Money and stocks
lent as yesterday. Sterling firmer and so were
governments. The market continued strong
between IL and 2:45, and the bank statement
seemed rather favorable than otherwise, there
being slight increase in the reserve. Money
closed II.
Smythe sold $4,000 Lake Shore. in 500 shar,
lots. The principal buyers were Denote
Kirkner, KcKensie, Drummond, and Worm
| WASH WAS u bOiicT.
Stocks ut tho close were firmer, but trading
was light, and there was no especial feature Il
the market.
Closing prices compared with Friday shov
the following changes: iA4
Advanced-Western Union, !; Erie Il Michi
gan Central. 3; Louisville and Nashville
Northwestern, t; Union Pacific, g. Jerse
Central, 1; st. Paul, t; Wabash preferred,
Missouri Pacific, 4; Denver, 4; Delaware an,
Lackawanna, 4; Canada Southern, a. Kansa
and Texas, i; Canada Pacific, 1; Reading,
Ohio Central l.
Declined-Chicago, Burlington and Quincy
/; Lake Shore, 1s; Oregon Transcontinental
A; Northern Pacific preferred t.
LONDON, 1230.-United' States bonds up
changed; Erie, lower; Pennsylvania Central
lower; Reading, lower; st. Paul, lower
Lake Shore, IL lower.
No truth in the dispatch of the failure of
prominent Russian banking house. Tho con
corn was Thompson, Bernard & Co., very
strong concern.
STOCKS.
The following are the opening, highest
lowest, and closing prices OF the principa
stocks for the day, as corrected by special wir
reports received by Bateman g. Co., bankers