National Republican., 1883-02-05


Loans decrease. e.............,........... Sid,600
specie decrease. 2,332,bOO
Legal tender decrease se................... 321,OO0
Deposit decrease. ACKNOWLEDGEMENTS. 19i39OO
esetNe decrease. ..................... 2,lbIO2o
Circulate on deorease..... aO,6OO
The banks now hold in excess $7,si0,O5O.
An Indianapolis Tribune dispatch says the
employees of the Wabash Pacific road are dis
turbed because requested to take scrip in pay
ment for wages.
On the London market Erie declined Il;
New York Central, ! 4; Pennsylvania Central,
/; Reading, /; Ontario and Western, /, and
st. Paul, 1.
The market closed with a very weak rally
from the lowest prices The bull contingent
have but repeated the tactics of the last weolS--
to fill the newspapers with strong bull argu-
ments and use the same to sell their stocks. All
the public need to do is to read what Gould and
his papers promise in the morning and COM
pare il with what they get in the evening.
Should the short interest increase much
moro decided rally will be in order early in
the week.
We give below few pointers that the bull
pool issued early in the day, which can be
compared with actual results.
MORNING POINTERS.
General comparisons last evening indicated
a better market to-day and pgices showed
that stocks would be a good purchase. The
market had been hurt, the brokers said, by
reports of selling by insiders in bull pools and
by stop orders, but there was no foundation
for these reports of selling by members of
pools. The short interest is large, and if the
stocks lent out should suddenly. be called in
there would be n furry among the shorts.
One house alone is known to be lending 10, 600
shares of Northwest, another $4,000 of st.
Paul, and another 10000 of Lake Shore.
Eight thousand shares of the latter lent out
on Friday came back yesterday to the loaner
in the same certificates, showing the stock had
been sold short.
Tho best informed brokers say the market
has been excessively manipulated, but it look 8
very much as though the bottom had been
touched, and brokers look for q rally to-day
Mr.. Gould's hand was not perceptible in tho
market yesterday, but he advised his friends
not TO sell stocks and predicted Texas would
sell at 60 this year.
Sage said he never witnessed more sense
less selling than at present
There was a rumor last night that some un-
favorable figures would come out to-day, about
the Union Pacific, but ii could not be learned
that there was any foundation for the story.
Cammack said he was still bull on Den
yer.
His friends think he sold some Lake Shore
and bought Denver lie does not believe in
Delaware aud Lackawanna, and he offered
last night to bet $2 500 with WOershofior that
Delaware and Lackawanna would sell in
1883 at par; also, $500 that Denver would
sell at par, both wagers to 90 together.
Vanderbits personal friends say he has
bought u great deal of Lake Shore in the past
two days, and rumor is circulated that a
pool was formed last night to buy consider
able amount of stocks to-day, and an earnest
effort will be made to stop the decline in the
market.
The Western wires are just getting to
work, and it is reported that the worst storm
of the season is raging in the west. There
have been no trains over tho Union Pacific
since Wednesday.
RETRosPECT
The commercial aud financial situation IL
sound, but there are so many possibilities of
disturbing nature in the future Of the busi-
ness world that a conservative feeling opposed
to the assumption Of any risks prevails.
Tariff legislation now pending in congress
Is, perhaps, the most potent factor in sustain
ing the prevalent distrust, Another cause,
hardly less important than the first, exists in
the embarrassing influence exercised upon tho
banks by reason Of the failure of congress to
extend the bonded period on whisky 1t is
contended that forced sale of whisky would