National Republican., 1883-10-22

trary, serious losses must have been sustain cd
by manufacturers, ns prices obtained were
ruinously low. Additional failures in tho
trade have occurred, aud 1t is feared the
shaking out process has not yet run its course.
Foreign dry goods have been dull at first
hands, and the jobbing trade was only mod
crate. Several thousand pieces Of imported
silks were disposed of through the medium
of auction rooms, but at very unsatisfactory
figures.
THE STOCK MARKET.
Tho stock market was greatly depressed
during the first thrco days of the week, and
up to Wednesday afternoon there had been o
large decline, in which all stocks participated
to greater or less extent the declines in tho
Northern Pacifcs being very large On Thurs
day there was pause in the wild career of
the bears caused simply by the fact that the
market was heavily oversold, and it was in
iudicious to carry tho raid any further just
then. This has been the programme all sum-
mer. The bears make their attack, succeed in
their purpose, then stop to breathe while COW
ering sales. At each of these intervals Mr.
Bull speculator braces up and assures tho
public that the bottom has been reached,
and tho permanent rise has begun" To be
sure, ,iit looked for the moment on Thursday
as If the bears were not TO havo it all their
own way, and this clement was pretty badly
shaken up by tho sudden twist in Jersey, as
stocks developed similar oversod condition.
Jersey advanced points in as many min
utes, and all othor stocks smypathizod with
this advance, especially those that were
most heavily oversold. Thursdays advance
was not fully maintained on Friday, the mar
ket being very irregular, with the stocks that
were so scarce Thursday in far better supply.
On Saturday there was another semi panic
on the exchange, caused by the twist in North
ern Pacific preferred, but other stocks were
comparatively weak, as will be seen by the
review given below. Lower prices all around
can be looked for the coming week. The few
| outside parties interested in the street arc
sellers. The bear party is the strongest and
most aggressive over known, and all they
have to say to almost any stock on the list is,
boo, boo, to you, and down goes the price of
the stock in question. Following is a review Of
SATURDAYS MARKET.
Stocks opened feverish. The feature was
the difference of 81 per cent. in the cash and
regular price of Northern Pacific preferred.
The weakest stocks were Missouri Pacific st.
Paul, Northern Pacific preferred, Oregon
Transcontinental, Lake Shore, aud Jersey,
the latter breaking per cent. The steady
features were Lackawanna, Northern Pacific
common, Texas Pacific, Union Pacific, and
Reading. The net result of the mornings
trading was to leave stocks to 81 below Fri
days closing the latter being Northern Pa
ciic preferred. Jersey showed 2 per cent. and
| st. Paul Ia decline In the loan department
| Northern Pacific preferred lent 3 TO per cent
Some prominent Philadelphians made up a
| pool of 1000 shares, chartered special train,
and forwarded the stock here, arriving Mt |
p. IN. and Immediately placing the stock and at
| big rates 1t is said the orginators made up
ward of $4,000 by this scheme, after paying
| for the train.
Jersey Central lent at II to per cent
others were unchanged.
The bank statement was unfavorable, but
owing to the low rate of money, it cannot be
said that this fact had an unfavorable effect
on the market, which continued dull and de-
pressed.
st. Paul, Lake Shore, and Lackawanna
were pressed for sale On the second call
Northern Pacific preferred sold at 90 regular
way and 81 cash, and the general market
rallied slightly. The buying of Northern
Pacific preferred began at 2:15 and
was run up to so; at $50 it fell
to 73, and tho differences were privately
arranged by the brokers concerned 1000
shares were bought IN under the rule fol
Heath, BloodSood, Warmser, G. l. Hudson &
Co., Probst, Amory, and Rogers & Randolph
H. N. Smith estimated 100000 shares on the
twist. Money, g. Governments very strong
Sterling unchanged. Market closed weak
and irregular, except for Northern Pacific
preferred.
LONDON, Oct. 90, 12:3O.-United State,
bonds unchanged, New York Central higher
NoTE.-Cable reports very meager this
morning .aa'eda
STOCKS.
The following are tho opening highest
lowest, and closing prices of the prncipa
stocks for the day, as corrected by special wire
reports received by Bateman s. Co., bankers,