National Republican., 1883-11-12

WEEKLY REVIEW OF THE STOCK MARKET,
Special Dispatch.
NEW YORK, Now 10. On Monday the
stock market showed tho usual dullnoss Of
the day before q holiday, but the uudertono
was very strong, and prices closed at q good
advance in most active stocks. The Wander
bilt specialties were especially noticeable for
strength, due mostly to the timidity of the
bears, who were frightened into covering.
The Wizards were excessively dull, tho an
nouncement that tho injunction to pre-
vent the issuing of the $20,000,000 mort
gage having been vacated had but little effect
Oregon Transcontinontal was, however, fairly
active, advancing TO 49S. Northwest was
also active aud advanced to 125. Tuesday
was holiday. At the different clubs and
resorts, both sides agreed that the market
had drifted back into tho old rut although
the bear party was acknowledged to be
greatly diminished and weakened by recent
events, which caused spectators for
rise to talk with greater degree of confl-
dence. The election results impaired better
feeling to financial circles on Wednesday,
though it had comparatively little effect ON
stocks, which wore we'll nigh stagnant. There
was very firm tone to tho market developed
on Thursday, though there was little activity
and transactions in the aggregate were small.
The Wizards and the trunk lines were freely
discussed without, however, creating much
bear capital. Late on Thursday prices
stifIened on reports that the meeting of man
ayers at Commissioner Thinks Office was pro-
crossing harmoniously. On Friday an active
and stronger feeling prevailed in the stock
market, and prices showed fair advance
The trunk line shares were the most active
and strongest on the list, due, of course, to
the very satisfactory meeting of tho previous
day of the managers. Lackawanna and
Transcontinental were also feature, but the
trading in these shares though heavy, was
decidedly of the laundry" character and the
outside buying was unimportant. The latter
still remains the necessary element for n
substantial rise, and IL does look as though it
was within tho power of the large holders to
advance prices and SO regain the outside in
terest 1t is, of COURSE problematical as to
whether they will see fit to take such q
course.
The following is review Of
SATURDAYS MARKET.
Stocks were uniformly strong during
the forenoon, in the face of reports of
the breaking out of o rate war in tho west.
The strong features were the grangers and
Vanderbilts, and the result of trading up to
noon was an advance of to 1 per cent, the
latter OH Lake Shores There was heavy
trading in Western Union, and one trader
sold 6000 shares during the morning. The
bank statement showed reserve gain of a
million. Money lent at %, The loaning
rates for stocks were unchanged sterling !
lower; governments strong.
Stocks were stronger and higher between
~ and o'clock on favorable reports of har
monous action in tho trunk line pool meet
ing favorable bank statement, and that the
Lacl1awanna would soon enter the trunk line
pool. Trading was very active and prices
we'll sustained in the last hour, and the close
was strong and buoyant with few exceptions,
Oregon and Transcontinental being the
weakest.