National Republican., 1883-12-03
THE MARKETS.
A Condensed Review Of Business for the
Past Week.
what was Done in Stocks and Bonds Sat-
urday.
THE GENERAL SITUATION.
SDecial DieDnfeh.


New York, Dec. 1.-Complaints are being
mado from various trades of an accumulation
of stock in first hands from interior mor-
chants and distributors of merchandise, and
that they have more recently confined their
takings to tho supplying only of pressing
wants.
In the money market the general mercan-
tile features and the financial situation ro-
main unchanged. The most prominent
noticeable feature in the financial market Is
the continued hardening Of tho prices of rail-
way bonds, and, no doubt, this results from
steady absorption of the best class of bonds
for investment.
In the exchange market. sterling has been
steadier during the last week, principally on
account of very little business of any kind.
The market for United States bonds has con-
tinued very strong, with further advance
in prices; 4l's and the As were TO higher
than q week ago.
The better class OF state and railway bonds
havo advanced in price during tho past
week, ranging from J to per cent
There have beon some exceptions to tho
general rule, however, and few have
declined, viz West Shores Wabash, general
mortgage 8's; Denvoran Rio Grande consols,
Virginia Midland, and Atlantic and Pacific
incomes. The principal changes for tho week
were; Erie seconds advanced / per cent,
Northern Pacific flrsts per cent Midland of
New Jersey firsts 81 to 94a; Metropolitan Elc-
waited hrsts 1 to J03; Denver and Rio
Grande consols declined 2 per cont. to 80
State bonds were moro active and stronger.
In the complaint alleging discrimination
against west bound shipments of dry goods,
the railway commissioners of New York state
have decided against tho trunk lines, and
aud tHuat tn.,. lttN q Ia hn
lieved that the recommendation will not be
needed unless all the roads in tho combina-
tion agree thereto. These events had no in
fluence upon tho market.
Money on call is unchanged and there ap-
pears little probability of activity at least for
the remainder of the year.
Government bonds were very strong last
week, chiefly for the aud a. per cents, the
movement being stimulated to some extent
by the demand usual at this season and by
the suggestion of the comptroller of the cur
rency with regard to national bank circula-
tion.
SATURDAY REVIEW.
The market was more active and business
greater during the forenoon than on any pre-
vious day for long time The opening was
at n considerable advance from last evenings
prices.
The principal dealings were in the Wander
bilts, Lackawanna, and Union Pacific. the
NanuerDlltS DelnR especially strong ana au-
vancing to IL, the latter on Michigan. The
general list was uniformly strong up to 12
o'clock, when prices, as compared with FRI
days closing were ] to 81 higher, the latter
on Michigan Central. Lake Shore advanced
1 per cent. on reports that it showed heavy
earnings the last quarter. The Northern
Pacific stocks were dull and rather heavy.
Oregon TRANSPORTATION was weak, and de-
clined per cent. on the belief that state
ment of the company's financial condition was
in private circulation and very unfavorable.
Money 2 per cent.
In the loan department New York Central
lent fiat; others unchanged Sterling dull
and unchanged. Governments strong The
bank statement is regarded as very favorable.
In the last hour the market continued ac-
tive and strong, the general list selling upsto
the best figures of the day. The Gould
stocks were rather sitter, but dull
BANK STATEMENT.