National Republican., 1883-03-19
THE MARKETS.
The Money ManipulatOrS Still Hold Business
at a Standstill.
Stocks Firm, But Trading Is Duil-Dnm-
aged Crops in the West.
GOSSIP.
Special Diadich.


Special Dispaich
New York, Mar. 1.-THE room traders
were rather bullish at least for turn, and
one large operator of this class said he bought
about 600 shares of various sorts long ycster-
day, to hold for about ten days, during his
going away. Goulds friends say he will re-
turn here by April /. 1t was rumored last
night that the secretary OF tho treasury would
to-day anticipate April interest Cammack's
friends say he is not short of the market, and
that ho expects little improvement in pres
ent prices Woorshoflor says he looks
for an increased bank reserve to-day. The
brokers report noHmuch change in the general
conditions yesterday, except some further
liquidation by small bull traders, and certain
commission houses sold for their own account
about $1,000 shares of long stocks, belonging
to customers trusting to luck and tight
money to get them back at lower figures
The decline in Michigan was on II rumor
that no dividend would be paid. This was
denied and the stock recovered.
The Wabash people say they will have no
increase in earnings for the second week in
March, as their Hannibal dividend was closed
to traffic.
The morning associated press Washington
dispatches do not confirm the rumor about
April interest being anticipated The brok-
ers report that Mr.. Connor's brokers pur-
chased largely of Texas Pacific yesterday.
Alcading banking house has reports of n gold
shipment from San Francisco to New York
of $2,000,000 to $5,00OOOO
The Gould and party have left Enterprise
for Palatka. Stocks are lending at 12 per
cent.
The Financial Chronicle says the banks lost
$3500,00O last week, and $l,250,0O0 moro was
shipped west than was received.
Washington newspaper dispatches say the
opinion prevails that il would be unwise for
the secretary to make another bond call at
present.
REVIEW.
The opening was dull at unchanged prices,
and most of the regular brokers were in the
loan crowd trying to make trades by which
they could carry stocks at little better than
L. per cent.
The bull houses are said to be carrying a
large lot of stocks which do not show in the
loan market, as they have protected them
selves by time loans.
The bank statement was bad one and the
reserves show decline of 81 100000
Van Emburgh & Co. bought good many
stocks during the morning, probably cover
ing shorts. Amman q Kidder bought
Lackawanna; Struthers and Harry Wilson
sold Western Union De Cordova bought st.
Paul and Lackawanna. The room traders
bought freely in tho morning, but sold out a
few on the unexpectedly unfavorable bank
showing
1nnt 4 ahp
Exchange dull and unchanged Govern
ment bonds quiet and United States As were
steady. Money lent at to after 2 o'clock
Early in tho last hour stocks were dull but
firm and generally to per cent. above the
mornings opening. a..
The market closed dull and steady. Tho
market seems to be a waiting ono. Secretary
Folger has tho Joker, and Wall street is wait
ing to see if he will play it, by anticipating
the payment on last call.
Washington kilograms say the secretary
was not at the department to-day, and no
official action is probable regarding the an
ticipation of interest.
RETROSPECTIVE AND PROSPECTIVE.
The week just past has witnessed a high
rate of interest. distinguishing feature of
the week has been tho great number of rail-
road reports announced for the calendar year
of 1882. In this connection satisfactory COM
ment may be made upon the resolution re-
Gently introduced in tho New York state
railway commission requiring the submission
of quarterly reports by railways in addition to
the annual reports now furnished by them.
The resolution is most comprehensive in its
scope, embracing, as il does, every department
of the railway service. If the commission
would act upon the spirit of this resolve in
all matters pertaining to the great carriers of
the country, it would bc performing a benef-
cent labor.
The exhibit made by the Wabash report for
1882 was an unsatisfactory one and not with
out its effect in depressing the market.
Although money has been very tight during
the week the stock mRrkethas held up pretty
firmly. The activity in money CONSTRAINED
borrowers to resort to the stock exchange for
funds which were unobtainable at the banks
owing to the latter's reserves being so low as
70 restrict them from making liberal loans
The transit gold from Europe will not be
available until next week, and will not appear
until the bank statement of the twenty fourth
instant is announced.
The demand lormoney for customs purposes
promises to be large and there is no diminish
ment in the calls from the interior,
Fridays rOseatc predictions as to the bank
statement were roughly dissipated by the
Saturdays announcement thereof. Whor6
large increase OF the reserve had been prophe-
sled formidable decrease occurred.
THE BANK STATEMENT.
Loans decreased ed..........,..,.......... 55Os 900
Specie decrease. 2,067 800
Legal tender decrease. ,s.,,.,.... S35 900
Deposit decrease. .....,....,.......,.... S,705y
Circulation decrease. Rse.,...,,.,,..,.....,,,, 1900
Reserve decrease ,,...,.,,..-............ lG0i72j
Banks now hold below legal requirements
6,770,S75.
LONDON, Mar. II, 12;3O.-United States As
higher, Erie declined Z, New York Central q
St Paul I, and Pennsylvania Central 4.
STOCKS.
The following arc the opening, highest,
lowest, and closing prices Of the principal
stocks for the day, us corrected by special wire
reports received by Bateman & Co., bankers,
No 14l1 + street northwest:
p u "a