National Republican. (Washington City (D.C.)) 1872-1888, 1884-08-11
THE MARKETS.


REVIEW OF THE WEEK.
NEW York. Aug. 9.-The stock market
during the past week has been quite irregular,
and there is an evident change In tone nom
the almost continuous buoyancy which pre-
vailed in July. The common talk has been
that the market had advanced about far enough
for tho present, and that halt should be
called until there was time 10 distribute and
digest some Of the stocks which must neces-
sarily DO sold at such period by parties who
arc satisfied TO realize their profits already ac-
crued. Gould's absence was mAdo an excuse
for the assertion that he had sold good deal
Of stock, and would do nothing more for the
present In supporting prices. The Vanderbilts
were also reported as bcarish in feeling on &C.
count Of the bad exhibit OF earnings on their
roads.
There is no EXHIBIT" Of earnings, though
June and july il Is 6iShly probable that the
net earnings were low, while In late months
they may be much better. There was also q
report from Chicago that the Grand Trunk
would get control OF the West shore topd, and
OF West Shore bonds The Grand Trunk ON
clals arc known to DC dissatisfied with their
percentage in tho Trunk line pool.
Early In the week Western Union and
Pacific led the market In atrengtn, the ilrst
being reported as ovcrsold by shorts, and the
hitter as making large earnings.
The coal situation docs not look promising,
| as II Is now believed that there will neccs
| sarily be q suspension Of coal production FOL
several weeks some tiino this fall to prevent
the supply from breaking prices.
II Is also understood that tho Reading will
have TO borrow tho money to pay tho Jersey
Central dividend, and also the August In
| tercst on the first mortgage bonds and The con
| solldated mortgage 5s, and an application fol
100000 moro OF receivers certificates 1;
nIRailroad bonds during tho week have beer
iairly active, and among the spe ouative bond
Erie. seconds and West Shores were consnicu
| Gus for activity, the first named declining 4
~ and closing ut CO. West Shores advance
The cotton market has been fairly active
but at declining values
| SATURDAY business.
The market opened higher to-day, st, Paul
| Northwest Union Pacific, and Western Unlol
leading tho advance. The improvement con
weaken, and slowly declined upon limitc,
trading until at 2l5 prices were from to 2 pc
cent. below opening quotations, New Yor
Central and Lake shore showing weakest.
got control, and the closing was at loves
prices and the tone decidedly weak.
Bonds inactive and lower; Sterling os
| change dnll and unchanged. Money l.
Of investigation on their return homo will pre-
pose tho formation Of o syndicate of their Al
sociates for tho purchase Of the s5,0O0,00O {
Chicago and Atlantic railroad bonds now he'll
by Eric.
Charley Johnes proclaims himself IA biggG
bull than ever" lie was buyer of tho ger
eral market Yesterday morning,
The White Bloodgood.C Conner following hf
beon advised to buy on every dip" and II
intlmated that with Gould's return q new poo
will be formed Of efforts made to further az
vance prices,
Vice President Sykes, of tho Northwest, az
mita that, owing 10 tho phcnomonally larg
earnings Of 1888, those Of the present year ma
not compare favorably, but that tho road is d.
ing large business, with prospects OF furth'
increase,
BANK STATEMENT.