National Republican., 1883-10-29

tied. Quotations were advanced 1-16 on
Wednesday.
Tho total sales of futures for tho week foot
up 492 900 bales, and for immediate delivery
6,20S bales
Tho dry goods market has boon very quiet
tho past week, and its main features arc uu-
changed. The iobbing branch has been even
duieter, if possible, than last week. Business
was very light in commission and importing
circles, and strictly moderate trade was
done by manufacturers of clothing, &c.
In spite of the quiet tone which pervades
this market, the future IS regarded hopefully
by tho best posted merchants, and o more
active demand for seasonable goods is looked
for as soon as the weather becomes cold
enough to give an impetuous to tho retail
trade.
Tho most staple fabrics of home and foreign
manufacture are steadily held, and, though
some goods have naturally accumulated be-
cause Of the late lull in the demand, there ia
no reason to believe that stocks are as heavy
as has been said
THE STOCK MARKET.
The lively bear dance" of tho past week
has at least demonstrated the fact that there
is point in tho declining scale Of prices at
which tho cliques who are carrying stocks
can and will protect their properties. This is
consolng. The country had begun to think
that Wall street values were phaptoms; that
stocks we're fables with moral, and that
railways were conceits of the imagination,
consisting of two streaks of rust and q right
of way" 1t is no wonder, therefore, that,
though the public might put their faith in
stocks, they were very careful not to put
their money there.
| Tho twist in Northern Pacific on Saturday
and Monday was followed on Tuesday by o
sudden strengthening Of Michigan Central
| from the same cause that boosted Northern
Pacific preferred. Since Tuesday tho daily
changes between strength and weakness
have been sufficiently varied to be
most tantalzing to the shorts
| The upward movement appears
to have eliminated Thursday morning
1t is reported that this was duo to q private
settlement by big bear who preferred that
mode of getting out Of big hole than to at
tempt to cover by purchasing in open market
In the afternoon Of Thursday there was de-
cline caused by realizing sales and somo short
| selling, but the decline was regarded as OF lit
tie significance, and as "a natural reaction after
too sharp q rise. On Friday n further decline
took place all through the list under continued
realization of profits. Though there is un-
doubtedly a botter feeling prevailing in specu-
lative circles, and there is considerable in
| crease in tho Investment demand, it should
be borne in mind that tho whole advance and
activity of the last few days is duo entirely
| to manipulation, and though the severe les
son will stop, at least for tho present, the
reckless raids Of tho bears, there is no reason
| to anticipate an active rising market. The
''strong bull movement" might be aided by q
frank statement of the financial condition of
leading properties by their managers, but un-
| til the commercial classes are making more
money, there can scarcely be expected any
considerable speculation. The following is
| u review of
SATURDAYS MARKET.
The market opened dull, and during the
forenoon, outside of Canada Pacific and
Michigan Central, which rose 2 to 81 per
cent, respectively, there was not much
brillancy. The weak features were Central
| Pacific, Ontario and Western, Jersey, and
Illinois Central. At 12 o'clock the feeling
became frmer, and prices were about as at the
opening, from ! to per cent. Looming
rates of stocks unchanged, except for Mich
igan Central, which lent for for the use,
Sterling unchanged. Money, 81. Govern
| ments very firm.
Tho market was strong between 12 and 2
o'clock, although Michigan Central reacted
II. 1t was reported in the board that private
settlements Of shorts were made in Michigan
Central to-day, and Hamilton & Myers
called in q large block of the stock this
| morning.
Early in tho last hour stocks were strong
at hest prices except Michigan Central which
was l per cent. of. Central Pacific showed
| gain OF 35. 80 s....... lltfisH nj
The short interest was materially decreased
and stock in the loan crowd plentier than fol
somo time past, but the close was steady at
to 2 per cent. higher than at the opening.
LONDON, 1230.-Erio, lower; New Yorl
Central, lower; Illinois, lower; Pennsyl
vania Central 4 lower: Ohio and Western,
lower; st. Paul, lower.
BANK STATEMENT.
Loans-decrease. 81, sos 2Ot
Legal tender-decreaso so................- 257dO(
Depost-decreaSe. eaSe....................... 4,233 50t
Observation-Disclosures. ase.................... S330(
Observation-Disclosures. e........................ I9O,32C
| STOCKS.
The following are tho opening highest
lowest, and closing prices Of the principal
stocks for the day as corrected by special wire
reports received by Bateman & Co., bankers,
No. I4l1 i street northwest:
Name ofstock. : z