National Republican., 1883-09-03

rates now 4S2a and 80, against 4o5t ana
week ago.
Government bonds were very firm during
the week, but without special feature. Some
sales of AIS have been made fraction lower
than last week, but prices remain about as
last week. OF the 100000 of United states
bonds available for redemption without re-
bate of interest, on Wednesday, Aug. 90, only
about 100000 were presented for payment.
Dizziness ruled supreme in the railway bond
market, except perhaps on Friday and Satur-
day when there was quite good business in
West Shores and Texas Rios. There were
about $4,000 of the former thrown over on the
stock board on Wednesday, depressing the
price as low as 69l, but they quickly rallied,
and closed Saturday at 72l bid. Texas Rios
ranged from as to "A. Denver Rios from 65
to 6s. Ohio Central frsts from 40 down to
66l outside of these, the fluctuations were
small and business light. Comparatively lit
tle was done in state securities, the only fea-
ture was decline of 3 por cont. in Tennessee
compromise bonds.
Speculation in cotton futures has not been
active but tho reiteration of unfavOrablo
crop accounts and some improvement in Liv-
erpool advices, have caused slight advance
rs compared with last week. Catorpillars,
! drought, and shedding of bolls are much COM
planned of. Still, with largo stocks, low
prices Of goods and the possible effect of a fine
| autumn upon the aggregate outturn of the
l
shown very little spirit. Tho advance has
been confined to the later months. Total
sales futures for the week were AL, 800 bales.
Spot cotton remains in moderate demand for
home consumption. Export business is conf
parativey light, though there are charters
| for several large vessels, and an improvement
is expected for noxt woek. Prices were ad-
vanced 16, and tho close to-day was steady at
10l for midding upands. Total sales of spot
cotton, 0,367 bales, including $500 for export
and 6,267 for home use.
In dry goods thero has been an active move
ment from iobbers' hands the past week.
Nearly all kinds of goods adapted to the
coming season have been taken with consider
able freedom by retailers from the south and
southwest. The auction sale of about 5000
pieces cassimeres on Wednesday was q disap-
pointment to tho originators. Although all
the goods were disposed of, it was ut n ruin
ously low figure. There is another large sale
of blankets, &C., to take place the coming
week. OF course these repeated auction sales
have disturbing influence on tho market,
and their cessation would greatly tend to re-
store confidence in tho minds of buyers.
Foreign dry goods have displayed moro ami
nation in the hands of importers and jobbers,
but buyers are operating cautiously and gaug-'
ing their purchases by their wants.
THE STOCK MARKET.
There is not much to talk about in stocks
was kept up last week that has marked this
market for several weeks past-frst, by sales
to depress prices, then, in return, by purchases
to cover sales. The net result of the sue
cessve blows has been a gradual yielding in
values, so that from week to week prices have
declined, until now it is reported that out
siders and investors, believing the bottom has
been reached, are beginning to invest. Still
there appears to be no more positive evidence
of this than existed on the twenty other oc
casions during the summer, when similar
condition has been noted, although it is true
that during Friday and Saturday the tone of
the market improved very perceptibly.
The Northern Pacfics and Oregon Trans
continental were conspicuous early in the
week by sharp decline, and although there
were occasional reactions in these properties,
the course was generally downward until
Friday, when after the lowest prices of the
week had been recorded recovery set in.
Lake Shore was also feature, and seemed to
offer q shining mark for the shafts Of the bear
traders, who sent the price down without
seeming effort, on rumors of trunk line trou-
bles, and the reported unloading of large
amounts of the stock by appointment specula-
tor, who had become weary of supporting the
stock. Louisville, Lackawanna, jersey, Cen
tral Pacific, and the Changers fell OFF in a
marked degree early in the week. The
Southwesterns were about the only stocks on
the list that showed any degree of firmness.
A see-saw, unsatisfactory condition of the
market prevailed up to Friday, when another
recovery set in. which was continued on Sat
urday, but whether this is anything more
than temporary upward movement remains
to be seen. The following is review of
SATURDAYS MARKET.
Theopening was in the main strong and con-
.tinued until noon, the principal exceptions
being Denver and Oregon Transcontinental,
which declined and respectively. Lacka-
wanna, Lake Shore and Northern Pacific pre-
ferred were strong features and rose to
from the opening. On tho opening most of
the trading was in Lake Shore with the big
traders buying freely. Erie was bought by
the Germans. There was strong disposi-
tion by the commission houses to buy the
dividend paying stocks. Money stocks lent
1, except Jersey and New York Central fiat.
Sterling exchange dull and irregular. Gov
ernment strong with small offerings
The western corn crop advices were moro
encouraging than of late, but much depends
on the weather for the next ten days.
Mr.. Vanderbilt is represented by returned
operators from Saratoga as saying his different
roads are earning dividends as usual, and are
very cheap at present prices. His friends en-
tered the market to-day and bought literally.
When the early orders had been filled prices
dropped to I, but appeared to be steady at
the decline At noon, however, the market
had advanced from the opening 2 for North
ern Pacific preferred, II for Northern Pacific,
IL for Central Pacific, 1t for Wabash
preferred, II for Lake Shore and
Jersey Central, for Union Pa
cifc, while all the Others, except
Donyer, showed fractional gain. The bank
statement was unimportant. At 2:l5 the
market was strong and within shade OF the
highest figures. Stocks at tho close were
strong at the days highest figures. The un-
dertone was very strong and the buying
seemed to come more from the outside than
from the shorts.
BANK STATEMENT.
Loans decrease, ...'''''''''' Sl,iou1I
Specie increase. iEi'Vog
Legal tender decrease. lUt'SJO
Deposit Qecrelse liu-Clu
Circulation increase. ACKNOWLEDGEMENTS lhtuu
Reserve Increase .....,........'.'''''''' fV='-uJ
LONDON. Sept, Limited States bonds
unchanged Erie higher, Reading higher,
Pennsylvania higher, and st. Paul higher.
STOCKS.
The following are the opening, highest,
lowest, and closing prices of the principal
stocks for the day, as corrected by special wire
reports received by Bateman 81 Co., bankers,
No. 14ll + street northwest:
2 : d