National Republican., 1883-07-16

Gould was feeding tho market out of that
private Doodle ho showed last year. There is
authority for tho assertion that the dissatis-
fled Western Union telographers will present
their bill Of grievances" to the company ON
Monday and wait forty-oight hours for q
favorable reply aud then strike soon after,
as they don't think tho company will yield
without struggle.
Chauucoy NJ. Depew says tho figures given
on New York Central earnings are millions
of dollars less than the official actual earnings.
POINTERS
The principal buyers of New York Central
wero Post, Wales, Thayer, and Enos. Tho
sellers were Bissoll and Bcekman Henriques
offered options; seller CO. on the same stock.
Tysen Is the largest buyer of Lackawauna
and H. j. Nicholas bought.
Johnes sold Union Pacific In Western
Union Boyd sold and the buyers were Harry
Miller and B. Rogers.
In Lake Shore Young Lapsley sold most
and Durant, Marsh & Co. bought.
Chicago teiegrnms say the winter wheat is
threshing out poor, and gloomy reports come
from tho spring wheat sections. Mccormick,
Adams & Co. telegraph that general rains
prevail, including the extreme northwest.
III. Kennedy is selling puts on New York
Central for the rest of the year at LIZ for Ia
por cent. Sterling is dull.
1t Is reported that Morgan sold all his
stocks, except Jersey, and not much of it is
are scale orders in the market to buy Lake
Shore, and Davis & Minis take 1000 shares
every down.
Chicago kilograms say tho reports of yellow
fever knocked pork 80 cents altogether, and
weakened everything else. Joe Stephens
sold 1000 of st. Paul, and Osborn g. Co. and
Davis " Tileston also sold. II. J. Nicholas
and Williams 81 Van Vechten sold North
western. Savin has been hammering North
ern Pacific. b. =. Leonard & Co. sold 1000
of UniOn Pacific. Traders are generally SELL
ing the market.
BANK STATEMENT.
Loans increase. ..sl 1856 100
specie increase. ............... 20l7700
Legal tender increase. Observation-Disclosures. 100 700
DepoSlt increase .........,............ a976,b0O
Slrculatlon decrease. se.-....,...,.......... 85100
Reserve increase ....................... 1,S73775
THE SITUATION.
There is not much change in the general
commercial aud financial situation to record
this week. General trade for the week has
been fur and there has been unlocked for ac-
tivity noticed in some departments. Some
effort has been made TO revive speculation in
grain by tho reports of drouhgt in tho north
west, but with little success. The agricultural
bureau statement for July, first pointing TO IL
total yield of over four hundred million
bushels of wheat was favorably received, and
it can now be said with almost certainty that
the wheat crop of the United States will, at
leuSU, DC lull average OIL tne past four
years, while possibly not as large as last year.
The general prospect for large corn CROP ut
this season of the year, was never better than
ut present. The western floods, which but a
fow weeks ago caused SO much apprehension,
have been almost forgotten, and in another
week or two the exaggerated rumors of the
damage to tho wheat crops by drought will
have shared tho same fate. :,.-,-- ;;s,,,ss.
Provision circles are worry much unsettled.
Tork and lard suffered heavy decline in
Chicago and there is IL poor export demand
and speculation though large has been in the
interest Of those desiring lower prices. Thore
were some additional failures in the pro-
vision trade in the west, resulting from tho
docline in prices
All reports from the cotton producing
states regarding the growing crop continue
very favorable, and indications point to an
immense crop and lower prices in this staple.
Speculation in futures has been active and
wide fluctuations have been recorded the past
week, The firm closing on Saturday was fol-
lowed on Monday by an advance in prices of
16 to 22 points on rumors of too
much rain in tho south. but the ad-
vance was lost before Mondays closing
There was further slight decline Tuesday and
Wednesday. On Thursday the market was
buoyHnt, caused partly by shorts realizing on
contracts but on Friday and Saturday there
was II fresh decline, caused by weak foreign
adviccs Still the close, as compared with
last Saturday, shows decline of hut few
points for July and August delivering. Spot
cotton has been active for home consump-
tion, with but small export demand. Prices
have declined TO ) since last Saturdays
closing.
The dry goods trade has enjoyed fair
business, and II marked increase in the move
mcnt of both foreign and domestic manu-
facturcs IL noticed The demand for summer
fabrics was especially noticeable. Coming as
it does at this season Is indicative of very
light stocks in the hands Of distributors
Money OH call remains in abundant sup
ply, with light demand. There has, how
ever, been less money offered for time loans,
and rates for this class are nominally higher
and quoted at pOr cent, per annum.
The sterling exchange market has heon duh
during tho week and tho demand light. On
Wednesday tho rates were reduced from
4S54 @ $50 to 4s5GD4S5l.
Government bonds have not beon quit SO
firm during the week, BIS are down to l0l
bid in view of the probability of their early
retirement. Tho long date Issues are also a
fraction lower, The market for railrond bonds
has not been maintained, whilo the specula-
tive issues in some instances show heavy de-
Clnes.
The most business has been In West
Shores, which are 24 lower than a week ago
There was nothing doing in state bonds, and
no important change in poices.
STOCKS.
The stock market has boon in n very un-
settled state tho past week, and prices showan
almost continuous decline from Monday
morning 10 Saturday night Probably the
chief cause for tho decline was the distrust
caused by the belief that the leading oper.
ators for u rise were about to run, aud 1t was
the general conviction that for the time being
the late movement for II riso had eliminated
New York Central was the iirst to break away,
caused by reports Of rate cutting on west
bound business aud by the fact that Erie was
scooping its-tho Centrals-east-boun bust
ness with It's Chicago and Atlantic connec-
tion. This also gave some foundation to the
Tumor that tho business Of all the
trunk liuos was domoralzed, Northwest,
81. Paul, aud Manitoba were depressed by
bud reports from the wheat crop in their
territory. The southwe3teIns were depressed
by runor TO tho OBJECT that Mr.. Gould was