National Republican., 1883-09-17

market has improved, and values of nearly
al other fabrics aud Of domestic and foreign
manufacture are generally steady. Taken
altogethcr the trade movement and prospects
are tully realizing expectations
THE STOCK MARKET.
The great unansworablc oonuudrum now
is, what will vitalizo stocks2 The long looked
for boom should have struck tho market
when the wheat crop was assured. Then IL
was put OF till after the strike agitation had
subsidized. Next it was deferred until the be-
ginning Of large movement of produce over
the railways. Then tho panacca lay in the
arrival of gold from abroad. Ono after an
other these expectations have been realized,
the last week having witnessed tho arrival
OF foreign gold, but the market fails to re-
spond Now the waiting and expectant in
vcstor Is told to wait until tho corn is in the
granarics. From the present indications, it
is not likely that tho long looked for ovcut
will be further postponed till some other con-
dition is improved. What this condition is. or
will be, IL is difficult to surmise but "A
shrowd guesser places the expected boom
at tho date when the investing public con-
cude that ii is time to 60 in. Whom this cou-
cusion Is reached the conundrum quoted
above is answered regardless of corn or cot
ton" Your readers may have noticed the in
creasing attention that is being paid to south
ern railroad properties Recently some tanci.
Bile evidence to this effect has appeared at tho
meeting of tho Richmond and Danville di.
rectory Tho ScnCy party" further strength
ened its hold on the property, and ut the same
time upset tho proposition to increase the
company's stock. Strong efforts arc being
made to extend the Richmond and Danvllo
system of roads into Norfolk. Another fact
which is regarded rs significant is the admis-
sion of Mr.. Baldwin, of tho Louisville and
Nashville, into tho directory of the Western
Union, in return for which Messrs Gould aud
Nashville Mt the October meeting This
arrangement is supposed to settle sundrv
embarrassing suits against the Western Union !
IN which certain members of the Louisville |
board are known to be interested There are
those, however, who believe this is but one
move in the game, in which Mr.. Gould is the !
prime mover, the final object of winch is to
obtain complete control of Louisville Georgia !
Central, and tho Georgia railway. What |
truth there is In this time only will doyelop |
The Seneys" and Mr. Gould are very promi- /
mont figures in the southern field Mt pre- sent, |
and at present they appear antagonistic, but !
1t is shrewdly suspected that tho "ancient |
mariner of the Atalanta and the bugbear
Senoys are working toward the same goal, |
ana that the better to attain il O certain and !
separate piece of work is assigned to each. |
Certain IL is the south is tho great railway |
chess board ut present Apprehensons of the |
enects OF damage TO the corn crop hy frosts |
and rumors of breaks in the trunk line pool, |
have had depressing effect on stocks during |
the week, and prices are generally lower. |
The market has been pretty successfully ham |
inered by the bears, the result of which is |
that the stocks of roads traversing the north
western states where the frosts were the
worst have suffered good deal, whilo the
stocks of roads in other sections show but
little decline. There has been no special
feature, taking the week altogether, unless
perhaps, the fluctuations in Michigan Central
and the Wizards. The only prominent stock
which shows an advance for the week is West
orn Union, the prime cause for which will be
seen below in
SATURDAYS REVIEW.
Excepting Northern Pacific preferred, which
was below closing figure, stocks wore gem
'raily to higher, and though very dull the
Jendency was upward, especially in Lake
shore and the Northern Pacific, which rose
20 1t, the remainder of the list sympathizing
ractionally. The market became very in
iihcrent by IL o'clock and prices fell OFF to 4,
he net result of the forenoon's trading being
gain of 4 on Northern Pacific, / in the
preferred, in Lake Shore, in Michigan
sentrai, and lesser gains in the general list.
Telegraph was strong at S2i, and it was ru-
nored young Cyrus w. Field was starting for
london with block of this stock. Money 2
to 3.
Stocks loaned at yesterdays figures Gov
bonds strong for As but the 3s
weak, upon the expected call, ESchatEe dull
md nominal. 1t is considered certain in
Philadelphia that an other allotment issue of
lew Pennsylvania railway stock will be
made at the next semi-annual dividend. 1t
$ also learned that the iron trade in Penn
ylvania shows decided Improvement. The
market continued dull at noon, and prices
radually fell OF from the best, but the de- !
lines were unimportant, as the business was !
Insignificant. The languid feeling was un-
Unfinished on the second call, and the s
rading limited. Early in the last 5
our there was hardening of values, !
he strong features being Western Union c
nd Northern Pacific preferred, there was /
considerable activity in these stocks and in b
'ackawanna. Western Union was bou ght
p to S29 by Colbran, d. and f. Ives, w. d. $
holton, j. $. James & Co., Hatch & Ken i
all, Panderhof q Brown, and Anderson, and s
Iallester. Sellers were Dunan, Altman and 4
oyd. John Wallace bought most Lacka- :
anna, Sheldon and Bird sold; Quigley and q
'heeler bought Lake Shore, Mapesden sold. 4
{ 245 stocks were little more active under b
'alizing by bears, but the closing bids 4
iowed weakness which was attributed to g
lie general dullness. :
BANK STATEMENT.
pans increase. .........,..."..........S ST. 2O25 500
)eCle increase. ................,,..,...... 35O5OO
,gal tender decrease. 3i5.OO0
eposit % II M increase: aoiSiSS
rculaton decrease. ...................... 1900
eserVe decrease ACKNOWLEDGEMENTS, 7iD,075
LONDON, 12:30.-Erie, lower; New York
entral, lower; st. Paul, II lower Lake
lore lower; Reading lower; Central
acifc, lower.
STOCKS.
The following are the opening, highest,
west, and closing prices of the principal
ocks for the day, as corrected by special wire
'ports received by Bateman & Co., bankers
o. 14ll L street northwest:
Name ofstock Z z 3 z
slaware and Hudson -....,.. ...... .... ..... lOB
estern Unlon ..... ..........,. S1is s!sII 81 S2G
M u ~ - 49,