National Republican., 1883-12-10
THE MARKETS.
A Careful Revision Of Business Of the Past
Week.
Interest In the Railroad War Appears 20
be subsiding.
THE SITUATION.
SpeciQL HisDdfch.


NEW YORK, Dec S.-The leading feature
in the general commercial and financial sit
uaton at present is that profits are very
small in nearly branch of business. One ex-
ception, however, may be noted and that is
In the net earnings of the railroads, which
are larger proportionately than the not profits
of the other kinds of business. Tho small
profits are tho result Of a general decline in
tho prices of all commodities in the last two
years. No important failures have occurred
during the past week, and scarcely any
changes have taken place worthy of note in
commercial affairs. N0t
The exchange market for sterling has been
dull during tho week. and posted rates cent
lower on the pound than week ago.
United States bonds continued strong and
higher quotations characterized the condition
of the market.
The market for railroad bonds has been q
little less active. However, prices have gen.
orally advanced. West Shores which SOW
eral weeks ago sold as high as n, went down
last week to 733, but on Friday closed at "a.
Denver and Rio Grande consols advanced to
Ola
No extensive deals have been made in state
bonds, and no important variations in prices
have occurred.
In tho cotton trade the effort to advance
prices for future delivery mt this market has
Dttu uOlcdltu Ny lHb HehNy TSCSlplS ~ Jnb
ports, exceeding for this period all former
record. The southern markets have been con-
sderably depressed, but Liverpool ut times
has shown some strength. Spot cotton has
been quite dull, and, while quotations were
not reduced, still there was an increased dis
position to sell. Flour, as general rule, for
home consumption and for expectation has
been quiet, the lower grades having sold most
readily.
Quetness has been the prevailing charac-
teristic feature i'll the dry goods trade during
the past week. There was o better demand
for few descriptions of spring goods and
treer movements in fne blenched cottons was
stimulated by lower prices and there was q
slight increase in the volume Of business done
by domestic commission houses.
Some additional failures of clothing and
manufacturers are to be noted, but they have
not affected the financial standing of the trade
generally, owing to the cautious policy pur-
sued for long time past, and variations were
the features of the stock market last week.
The report, which was afterward denied,
that the New York Central contemplated
issuing 20,000,000 for equipment purposes /;
rumors that the Oregon and Transcontinental
company would pass its dividend a bill in
troduced in the senate declaring the for
feiture of certain lands of the Northern
Pacific road located in Washington territory /;
current reports of breaks In the various rail-
road pools served as depressing influence,
anu nuu ulOTO UT lehS eu0CU OH prlCeb. oregon
Transcontinental declined "a; Oregon Navi-
CATION, AZ; Northern Pacific, 81 Union Pa
cifc, % Northwestern, 24 Burlington and
Quincy, IL; Central Pacific 1t New York
Central, IL, ana Denver and Rio Grande ad-
vanced / Michigan Central, D. Jersey Cen
trail, IL Reading, II, and Erie, Western
Union, and Missouri Pacific remained una
= changed.
SATURDAYS REVIEW.
The impression prevailed last evening that
the stock market would be better to- day.
Shrewd brokers reported considerable cover
ing by big shorts just before closing. especially
in Lake Shore, and, it is announced, u regular
quarterly per cent. dividend on earnings
will be asurpriSingly favorable, showing over
81 net upon tho stock The New York Cen
tral division will be declared next week, and
lit is said, the official annual report to the
state authorities will show over 8 per cent.
net earnings
1t is said that Cammack covered his st.
Paul and that he is only short small amount
of North Western, but he has o large line out
on Lake Shore, Union Pacific, and Yiliarfls.
Osborn was selling stocks from the Windsor
yesterday. S1Ni
The latest developments regarding the row
in the Iowa pool show the Union Pacific and
Rock Island people have invited the st. Paul
to join in the alliance, and Clark, of the
Union Pacific, has sent his propo-
stion to Morrill, at st. Paul to
sign, ana III Is expected no Will
sign it Monday He is for peace, and il
is probable if the Northwestern is har-
monized all will be we'll, but it is uncertain
whether tho Northwestern has been asked tc
join this combination Vanderbilt, Gould,
aud Hughitt, all directors of the North
western, had personal interview at Wind.
sor hotel last night
A Chicago dispatch says the Union Pacific
has ordered that no reduction in carload
freights be made between Omaha and Salt
Lake below 40 cents per 100.
Steel rails declined to 30 dollars in Chicago
which equals 30 dollars at the mills. The
Bessemer steel works in Pennsylvania closed
last night, and Mckee Andersons mill at
Beaver. Pa, also.
STOCKS.
The following are tho opening, highest
lowest, and closing prices Of the principa
stocks for the day,a corrected by special wire
reports received by Bateman & Co., bankers,
- Ll