National Republican., 1883-06-11

will show improvement to-day upon this
arrangement.
A telegram from Bismarck, d. T., says the
president of the st. Paul road has ordered the
extension of the James river line of the
Hastings and Dakota division to Bismarck, at
once.
Weather clear and hot.
LONDON, 12:30.-United States bonds un-
changed; Erie, higher; New York Central,
higher; Wabash preferred, unchanged /;
Reading, higher Lake Shore, lower; st.
Paul lower; Louisville and Nashville, sic
lower; Ontario and Western, higher; uli-
nois Central, higher.
THE BANK STATEMENT
Loans increase. 800
Specie decrease. se.......................... 100000
Legal tender increase. 1,7SD 800
Deposit increase. 1861 500
Circulation decrease. aso...................... 79b00
Reserve decrease. ........................-. 1,475
The loaning rate is generally per cent;
New York Central fiat TO l, and Lackawanna
/. Money offered at %; sterling unchanged.
In Union Pacific Vanderhof bought 1000
and kIafston 1000; Dillon sold 1000 at 96 to
!. In Lackawanna Bugby bought 1000 and
Worden also bought. Green sold 1000 Lack
awanna. Nicholas Leftiugwell bought Jersey.
In Reading the buyers were L. l.. White,
Harmed, Marx and Durant. Tho latter had
orders for 5000 shares at tho market price.
In Western Union Conner's brokers and jam
X.
The Chicago Tribune of to-day says general
crop reports are highly encouraging, espec-
tally from Iowa.
Chicago weather cloudy and wet; market
strong.
Government bonds strong for long dates,
but few 3's and AIS are reported on the
market from London.
Sterling exchange is weak, with bankers
demand offered at SSl. Commercial with A
Endorsement sold at 80. 1t is reported in tho
board that excellent buying of Erie, Durkee
began buying at 361
A Philadelphia dispatch says tho coal stocks
advanced to-day ON combination of large coal
corporations controlling the tradc, and which
promises to be successful. !a
Chicago kilograms reported wheat down
from 1874 to l123 in the face of the cold and
unfavorable weather.
1t is announced that Hugh Riddle has
consented to remain in tho board Of tho
Rock Island road, and taecopt Craftsmanship
of tho cxective committee.
w. Il. Travers is very bearish on the
market ,y, FIJI
Tho London joint stock bank will be the
transfer agency for Western Union in Lon
don.
Little, of the Jersey Central, denies all
knowledge of the alleged new coal combina-
tion so does Sloan and tho agent of the Le-
high Valley company. Gowen is about to
apply TO the New York stock exchange to list
all the Reading bonds.
1t is reported in the board that Morgan and
Sage have been buying Erie. Hotchkiss-
Burnham,W. y. Sheldon. and John Benjamin
have been purchasers, and the room traders
also bought. The foreigners sold some stock
up to 81, but not above.
Tho largest buyers this afternoon of Read
ing were Grovestein & Pell, Marx, Ryan,
Leavitt, Neumagin, and Earl. Dayton, Nor
ris Brown y Co. were tho principal sellers.
Southern advices to the large cotton houses
report the crop in good shape in most of the
states. Slayback bought 1000 Lake Shore
at lii. There Is authority for the
statement that tho Lake Shore earn
ings are still increasing over last year, not
withstanding the dull season, and but little
grain is moving. The west bound business
has increased very much already reported
in southern Texas
Sterling is dull.
The largest buyers of Jersey to-day were
Marvin, Horton, Davis Tileston & Co., Benja-
min, G.. A. Bennett Il Co., Kissam & Whitney,
Walter Nelson, and Noumogln. Tho sellers
were Lawson, Douglas, Hone, Martin, and
Runyon.
THE SITUATION.
The general situation has decidedly i'm
proved in the past week. Not so much in
any actual change in tho volume of trade as
in tho subsiding of apprehensions for the fl-
ture. 1t has been said " that the iron indus
try is an index to the general state Of indus
try and trade" If this be tho case, the most
unfavorable aspect Of the situation has been
passed, and any change will be in tho hne of
improvement.
The crop prospect shows marked improve
ment, Notwithstanding that the latest reports
from Indiana, Ohio, and Illinois confirm the
damage TO winter wheat noted in last weeks
review. But IN tho further west winter
wheat region, and in the spring wheat region
of the northwest, the crop reports are very
encouraging, and there is no doubt of at least
good average crop.
Speculation in grain has increased largely
which has kept prices up and operates against
Tree export movement, though wheat has
declined during tho week, and ON Saturday
declined iii the face of unfavorable weather.
in view of the improved crop prospects, both
here and In Europe. Money continues TO rule
easy, the supply being fully equal TO tho de-
mand. The foreign exchange market has been
quiet and dull, 1t Is the general opinion that
the advance is artificial and next week will
witness return to the former basis
Cotton for future delivery continues dull
and depressed, caused by improved crop
prospects and dull Liverpool adyices Spot
cotton has been quiet, A large export busi-
ness was done on Wednesday. Transactions,
as a rule, have been done, and were mainly
for home consumption.
In the dry goods trade no material change
is TO be noted since last week. Commission
and Jobbing circles report business quiet, but
not unusually SO for this season Of tho year.
The retail trade has improved slightly under
the influence of warm weather. Domestics
were quiet with some improvement in the
volume of business transacted, prices ruling
firm without material change.
The demand for foreign dry goods has
been light and unimportant. faken all in
all there is no cause for congratulation on the
general business outlook.
WEEKLY REVIEW OF THE STOCK MARKET.
With increased railroad earnings good crop
prospects, a feeling of confidence In the flu
ture it is no surprise that the stock market
should show more buoyancy than it has for a
long time The market opened excited and
irregular ON Monday, and generally higher,
but by noon the advance was lost, owing to