National Republican., 1883-04-30
,ANK STATEMENT.
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RETROSPECTIVE AND PROSPECTIVE

RETROSPECTIVE AND PROSPECTIVE.
There has been no material change in tho
situation during the past week. 1t is situa-
tion made up of mixture of favorable and
unfavorable conditions. The backwardness
of winter wheat has deprived the cold, un-
seasonable weather of great part of its hurt
full influence, but the weather has operated
unfavorably on the spring trade, Com
plants are heard on all sides of dull
ness and inactivity. The recent further
decline in the manufactured articles Of iron
has resulted in creating an unsettled feeling
in that industry. 1t should not be supposed,
however, that these drawbacks are more than
temporary. Time and the natural progress of
the development of the country are two great
factors in favor Of prosperity. Take the case
of the two depressing facts above cited,
warm and favorable weather cannot in
delayed, while the iron industry will,
by the law of supply and demand, con-
sumption and production, speedily accom-
modate itself to the altered basic conditions.
AS a matter of fact, despite discouraging
rumors the crop outlook is anything but un-
promising railway earnings are large, money
is easy, and export is, If not as heavy as
it might be, in excess of imports. Foreign
exchange, too, influenced by railway loans
negotiated abroad, tends toward lower figures.
Here is certainly hopeful condition of
things, and the caution which characterizes
the operations of the immediate present is
simply guarantee of the stability of enter
prses of the near future.
The stock exchange has been as mirror in
which the conditions outlined above have
been reflected back In the conservative specu-
lation within very narrow limits which has
marked tho entire week. Although the
leaders have made herculean efforts to boost
the stock market, the utter absence of the
outside public has rendered such efforts nuga-
ance, refuse to come to the shearing, and as
a consequence, those distinguished fishers
of men, Messrs. Could Vanderbilt Cam
mack, Keene, ct al, are disquieted.
The fall in the Wabashes was feature Of the
week. and was caused primarily by doubt as
to the status of the road under the recent
Iron Mountain deal. Texas Pacific was un-
favorably affected by rumors that a new issue
of its stock was contemplated. This rumor
was denied by the officials of the road. An
other baseless rumOr caused drop in Louis
Vile and Nashville. Union Pacific, under
the influence of threats of the secretary of the
interior, also declined, while the same was
the case with the coal carrying companies
caused by exaggerated reports of depression
in the iron trade.
The announcement thDt one or two of the
companies had cut under the tariff affected
the trunk line railways, as il caused u re-
duction of the rates on provisions and later
change In the rate ON grain to the SUM
mer schedule. Southwesterns were affected
by the falling Off in rates Attributable to
the condition of affairs above explained.
Delay in arranging the details of the Chi
cago, Burlington and Quincy and Hannibal
and St. Joseph deal has been utilized by the
bears but it would seem that holders who
have let go have done so without good rea-
son.
Money is in good present supply at the
stock exchange, and everything points to
easy future money.
Domestic exchange is now largely in IA
vor of New York, and the March crop OF
money is gradually returning, while Boston
is the only point drawing money away
aoVERNM MENT BoNDa