National Republican., 1883-11-19
The Bulls in Possession But the "Dear
Public Coy"
Spectators Getting Disgustingly obsorv-
ant OF Significant Events.
GOSSIP.
Special Dispdich.

natural consequence The northwestern peo-
pie still think trouble will be patched up.
The general impression last evening was that
the bears are in control of the stock market
again, and tho talk last evening way decidedly
bearish on st. Paul. Union Pacific,
Manitoba, Canada Pacific, and Lake Shore.
The old professional bears say they are timid
about selling short on easy and cheap money.
Woerishoefler says he believes there won't be
great decline but he is going to keep quiet
until money is dearer.
The feeling is more bearish on Union Pa
cifc than anything else, and the chronic bears
say the road will go into q receivers hands
It is understood that Morgan is entirely out
of the market. Cammack was short 5000.
He covered $500 shares Thursday. He Is
short of Union Pacific, and declares he never
will cover the latter.
Mr. Gould returned to New York last
night.
Private Chicago kilograms says that the st.
Louis freight pool will burst soor.
On the opening to-day Willard sold 10000
Laokawanna,
Darrin and Stevens bought Lake Shore,
and the largest sellers were Henry Bros. and
War6eld
Willard sold Union Pacific. In st. Paul
M. Sternberger sold 1000, and the other large
sellers were Nicholas George, Content, Bell,
and Kirkner
WEEKLY REVIEW.
The week opened. with fairly active and
buoyant appearance to tho stock market
During the early hours of Monday the trad
ing was quito brisk, and considering the
amount Of realizing accomplished, prices
showed great steadiness. During the late
hours Monday some attempts were made to
depress prices, with some little success, and
the close was heavy. On Tuesdays opening
stocks, though unsettled. were fairly active
and generally strong at moderate advance.
Further realizing by spectators for the rise
and renewed attempts by the bears to put out
new short lines weakened the market at
periods, but support from outside sources fol-
lowed and prices recovered. There was little
news to influence stocks, but it was generally
conceded that the control Of the situation
was still with the large bull operators,
but that their position was somewhat
weakened by the disposition shown to realize
and the smallness of the short interest The
Vandervilts showed great firmness, though
the grangers and Gould shares were equally
firm. On Wednesday the market was weaker
in tone. Reports of Iowa pool difficulties
were used to depress prices, but apprehensions
from this quarter were not very pronounced,
and later in the day it was announced that
the lines interested had conclued to postpone
discussion until next week. st. Paul was
the feature during the early hours; the fuc-
tuatlons were great, but due wholly to
manipulation. The market slowed off about
noon and continued dull to the close. Lack
awanna attracted some attention by its
continued firmness, but transactions were
light On Friday business on the stock
exchange was dull and irregular, though
in the main slightly higher than at
Saturdays closing Under the leader
ship Of Lackawanna. which advanced
on the prospects Of the road going into the
trunk pool line, there were also rumors
that the West Shore line might join the pool,
W hIRh In1 xNTtNI fn., IL
cerning the cutting of passenger rates helped
the Improvement There was however, an
undertone of weakness, spectators for rise
showed disposition to realize and be satisfied
with what they considered very satisfactory
advance. At the same time limited short
interest was developed, this with the fact that
the outside buying was next to nothing en-
couraged the bears, and market closed weak
the decline being led by st. Paul, which de-
clined on reports of its belligerent atti-
tude toward the Iowa pool. The large
holders have been making strenuous
efforts to advance prices in order to dispose
of portion of their holdings They have
been partially successful, so far as the rise is
concerned, but have been unable to find
market. The cold hard fact remains that
the dear public" refuse to buy, which is the
weak feature of this market and although
tho bull party are apparently in power, and
the conditions to great extent in their
favor, the difficulty of securing any substan-
tial advance without the aforesaid element is
admitted. Room traders and scalpers are
still doing the bulk of the business, and the
legitimate buying of stocks, except by profess
sional operators, is limited.
The one ray OF hope on the general situa-
tion is the demand for railway bonds and
mortgages, as it indicates % tendency of the
vast amount OF idle capital to seek those for
investment. Real estate offers few induce
mentS TO capitalists, and government bonds
arose high as to yield little profit, and those
seeking safe Investments are consequently
forced to buy other securities,
The following is review of Saturdays
market:
The tendency of tho market during the
forenoon was downward, the st. Paul's with
drawal from Iowa pool having demoralized
speculation. Great pressure was brought
against Laokawanna, but the stock was stub
bOrnly held
The Vanderbilts, with the exception of
Canada Southern, and the Villards, with the
exception of Northern Pacific common, were
steady, aud so were Jersey and Louisville.
Canada Pacific fell and Manitoba %. Tho
net result of the foYcnoon's trading was a
decline from Fridays closing of 80 for Mani
toba. 2 for Northwestern preferred IL for
Omaha preferred, IL for st. Paul common
and ! for Northern Pacific common. Other
declines We're fractional. Money 2i to O.
Sterling unchanged. Government bonds
strong The bank statement is very ia
vorable, and the market this evening,
though very. dull, had an improved
tone. The Willard stocks were the strong
features, Northern Pacific common recover
ing the decline of tho morning, and the pre-
fcrred advanced TX TO 60 cash. The moye-
ment in the latter was the signal for frac-
tional rally in the general market, and was
on a rumor that the United States court had
refused to grant q permanent Injunction re.
slraininR the new bond issues.
The market was OF from the best prices
after 2 o'clock The government stocks were
weak, and the dullness continued to the
close.
BANK STATEMENT.
Loans-increaSe Observation-Disclosures. 81 676 400
Specie--inerease.. 730 GOO
Legal tender--increase,. ase,..,.,,,,.,.,,,,.. 1905 500
Deposit-increase', 4,42S 600
observation-disclosures e......,.........,... $1,000
Reserye--increase,.. e,..,..,,..,..,,,,",,., 1,032400
GOVERNMENT BoSDS.
Ra Asked
United States 4fs, ls9I registered -.... IlSA ...-
United States AIS, 1891, coupon ,,,..,. lt4h ll5
United States 49, 1907, registered l223G l2lys
United states 49, 1907, coupon ,,.,y.,., 1873 l22S
Dhlieu States ds....-..,.,,.,- lVOA
AACuhnke. 4od GD 4o)ta