National Republican., 1883-12-31
THE MARKETS.
General Review Of the Situation for the Past
Week.
The BeIief is Growing that bottom Has
About Been Reached in stocks.
THE GENERAL SITUATION.
G...f.Y ytse.,.,g.b

Special Dispatch.
NEW York, Dec. 29.--The movements in
the stock market during the past week have
resulted from speculative manipulation,
aided to considerable extent by rumors of a
contradictory nature ns to tho position Of tho
Northwestern and Burlington aud Quincy
roads respecting the Iowa pool, The financial
condition of tho Oregon Transcontnontal
company, and by the rumors affecting trunk
lines AS regards tho western pool trouble, u
meeting was held at Omaha on last Thursday.
1t seems however, that nothing definite
resulted from IL, and n postponement took
place. Railroad returns in general still indi-
cate progressive tendency.
The financial situation at the close OF tho
year shows an increase of failures rs natural
consequence Of declining prices during the
year.
Markets for stocks, whore not controlled by
those operating for fall, are, as general
thing, being left to the manipulation of large
dealers.
The "bears'" theory indicates that opera
tors Of this class will be obliged to settle up,
and on this hypothesis considerable stock is
sold, which will result in a further decline in
prices. Preparations for the worst, however,
have been anticipated, and further unfavora-
Bile developments have been largely dis
counted. The market has been unsettled and
depressed during the week, with only few
exceptions to the general decline. Canada
Pacific, Delaware, Lackawanna and Western,
Louisville and Nashville, and Rock Island
have held their own, with some fractional
advances.
The support Of the Gould stocks has not
been so well sustained, and have declined
from IL to "a.
The exchange market for sterling has pre-.
sented an unsettled condition, which is
usually tho case at the close of the year.
Current transactions in trade and securities
have been on small scale. The feature of
the government bond market for many
months past, which includes last week, has
been o large demand, small supply and
steadily rising prices. falling off in bust
ness has characterized the railroad bond
market during the week, although the prices
for the best class of investment bonds have
been firm, the only important declines being
in the class largely controlled by the in
huences of speculation The dry-goods
market has continued dull, as is usual in the
wholesale branches during the holiday
season.
SATURDAYS REVIEW.
Brokers generally agreed on Friday even
ing that the short interest in most stocks was
covered up Thursday about the time when
the Wizards were demoralized, and there was
also some good solid long buying of Union
Pacific and st. Paul by strong people on the
news that the Northwestern would join tho
allied roads, This news was confirmed by
private kilograms received Friday night by a
Northwestern director, but the Chicago,
Burlington and Quincy refuses to enter the
new pool, being unwilling to pool its Ne
braska business.
Several thousand shares of St. Paul were
bought for investors who have purchased it
to hold for year.
The market to-day has been strangely
mixed. Northwestern, Delaware and Lack
n L.. l.
while the Northern Pacific system has been
alternately weak and strong. Missouri Pa
cifc was the soft spot in the market and
sold down to S9s toward the close, and the
Northern Pacific stocks were very feeble, but
they did not materially affect the general
market. VA Aanw ti9lon =.
1t is reported that Willard had been called
upon this week by two directors of Northern
: Pacific requesting his resignation and that he
signed such agreement, and his withdrawal
would be before directors next week. His
health Is poor. His successor will be either
A, J. Cassett or Fred Billings.
1t is reported that Northern Pacific sold
100000 acres Of land few days ago at q good
price. An increased demand for land is re-
ported by several land grant roads. Selig-
man X Co. say negotiations are nearly settled
for 100000 acres of Atlantic and Pacific
lands by London parties, and now a San
Francisco combination is bidding for 500, 900
acres.
1t is stated that large amount of Canada
Pacific stock will be released by distribution
of pool stock next Monday, which was taken
by subscribers some time ago.
A Boston special says q director in Chicago,
Burlington and Quincy states that the Bur
lington will not begin the fight. 1t will be
begun by other roads
Representative Kasson says it is probable
that bill to create national railroad COM
mission will be presented this session, and
thinks such tribunal needed.
BANK STATEMENT.
Loans, decrease. S536 400
Specie decrease ........,... ............ 22G G400
Legal tender decrease. Observation-Disclosures. 10000
Deposit decrease. Observation-Disclosures. 046i 800
Circulation increase. e..................,... 1880
Reserve ecrease. ACKNOWLEDGEMENTS. li5S00
Sales to-day aggregated 3i6,107 shares, in
Guiding Delaware. Lackawanna and Western,
23 100. Erie 2600. Lake Shore O0O. Mis-