National Republican., 1883-01-29

On the second call firmer feeling prevailed, |
Denver reaching Az, and TO from the |
lowest on the remainder of the market.
Money lent at 3 TO A. Stocks lent at B.
Sterling exchange was quiet and steady.
Government bonds were firm. 1t was be- |
lieved the government would soon offer to
buy the remaining 34s at 1908, and interest to
cease May l.
At , o'clock stocks were still and quotations
higher, but dull market.
Denver reached As, st. Paul advanced /
above the opening, and Union Pacific went to
90l.
At 2:3o p. m. the market was quiet and
easier
The bull party say they have no interest in
Union Pacific, which was weak speciality in
yesterdays market, and Cammack denied sell
ing stocks 1t was believed last evening that
Mr. Gould was the largest seller Of Union
Pacific, for the object of forcing sale of
block of long stock held by prominent ope-
rator, who was reported to have bear and short
of the rest of the market.
Gould's brokers have been predictinga break
in Union Pacific, believing it would cut loose
from the rest of the list and go down.
Brokers say few thousand shares of Union
Pacific was forced out of investors hands yes
terday, and some stock held on margins was
sold on stop orders.
Friends of Union Pacific say there snothing
to indicate that the government directors re-
port will be unfavorable.
Keene, Hutchngs aud the Germans sold this
stock yesterday.
There were predictions at the uptown
resorts last night of lower market to-day,
and the bears threatened to make things "look
sick between . and 3 o'clock. r..
The Windsor bull party say the stocks with
which they are identified are firm enough,
and caution. friends against getting caught
short. Keene was discoursing very bearishly
at Delmonico's last evening, and to a crowd
of brokers listening he remarked -" The
reason why I'm bear for 1883 is this: There
has been listed in thocXchange 100 millions
OF various securities, and fully LOO millions
of them did not cost the parties who hoated
them a cent on the dollar. Some of this water
must be squeezed out this year, for while the
country has grown to some extent, it hasn't
grown as fast as the stock list"
The bull party in Denver bought this stock
this morning through Leo. Van Emburgh.
Elliot and Neumogen were also buyers. A
prominent bear says the bull combination
have full control when they can open such
stock rs Denver qp per cent. &c, and pre-
diets another tumble soon. Leading bullsarc
not alarmed, however, and propose to twist
some of the shorts to-day.
Van Emburgh has been buying Delaware
and Lackawanna, and George Green bought
heavily of Union Pacific.
The Mills people here and their brokers de-
clare that this party has not sold share of
their Erie or other long stocks, bought before
he left for Havana 1t is reported that the
Equitable Life, following the example of the
Mutual, has decided TO lend no more funds ON
stocks which sell below par
Mcssrs Clahin & Co. made large reduction
yesterday in ginghams, closing their entire
stock.
Cotton advanced 3 to points this morning,
Mr.. Dillon is hero and says he is longof 40
600 Union Pacific, which he proposes to hold.
The Kansas quo warranto proceedings
against the consolation is-of no Importance,
the government having granted the right -.
The Chicago Tribune -says the Illinois Cen
trail railway has determined to build branch
to st. Louis in tho spring. N sby E9ua.a gs.
BASK SETTLEMENT.
Epshs lpeeie affTsSss iaersssc Ss55SS
bSSBosi bSSSt Sehner S6SSS i5SSS
SrcnatiGn ase-'.'''.'''''''-s. SSi09 5Si i0
Banks hold in excess $10,00T575. ~
~ g, REVIEW or THE WEEK, =, ,l,.
The week.-Mrs. witnessed u af;riiiy Nactiyebut
declining market and the advance movement
which characterized the preceding ten days
would appear TO -hpYc cnlminated for the
present. 1fhe inlications'are that that mbVeL
mcnt was successful in accomplishing it's oh
iect, which Yas. to enable . cliqpe, to hqrass a
leading specuator who was short oil some of
thc'priinc ftnCieg, ~ r'' '"-'''' "
With the accomplishment of their purpose
they witlidF6w their support and prizes inn
mcdatcly declined.
Commission houses during the week re-
ceivcd bit few buying orders while the non !
professionals cpgsged in butlimited trading.
Observers OF the rather sporadic activity of
the week assert that the transactions were
cheAYsconRned to the room traders whose
manipulating powers were in Frequent re-
quest ,i7!Oai r' rrrDl oa =
The reduction Of the Bank of England dis
count from B to "a per cent, during the week
brings the rate nearer that at which actual
business has recently been done In open mar
ket This added TO the fact that the Bank of
Germany last week reduced its rate OF dis
count, makes it plain that no necessity ex-
listed forsthe maihtenaIce OF the per cent.
rate at london. The monetary conditions
abo,e recitdd indicate that the financial
world takes little stock in any serious diff
culties growing 0lt Of recent -Frcnchpolitical
complications.
The raasolls ghPnfor permanent advance
in the futur are the same old reasons, which
are perhaps only respectable because of their
antiquity, aud are, first tlio increase of rail.
way eafnmgs SECOND, tho prospect of II con
tinued heavy freight movement; and third
that the prices, of stoGks are lower than those
Of year ago, 80 -VttJ hJ4! .t
Mr., A. Il, l}atenau, of the firm of Bateman
& CO who lGftthis city f1rSavannah on Fri
day'lnst, IN company With n partyof New
work capitalists win return to Washington
on Tuesday, The. tripis made for the pur-
pose of permitting the members OF the party
ia make IN examination of railway and steam
boat properties in The south. iuWhich they
Grc largely interested, ,ro,,.. ......r..
F-r-..f 2. IA be- ssTofEs, ,,s.s. ...........
The following arc tho opening, highest,
lcwe't and closing 1priees OF the principal
~ aBJ va s2A9 .ugIl ujo
@lgEiatN 1T-Iitta--,o