National Republican. (Washington City (D.C.)) 1872-1888, 1884-10-27
TIL. MARK TS.

Review OF the Situation.-Causos of tho Present
Dcpression-Bear and Bull Talk-Tho Ex.
element Oceasioned by the Political Cam.
psign.
NEW YORK oct. 25.--Thc depression which
set IN week before last made further and inn
portant progress during the past week. The
transactions have been larger than for some
time past and at times considerable excite.
mont has been manifested The Vanderbilt
stocks have led the decline, and the rest OF the
list generally responded. Occasionally slight
reactions have occurred, but the general course
has been downward, and the result shows
materially lower prices than those ruling u
week ago The Influences which have con
tribucd to this renewed depression nrc
various, but II is probably due largely
to speculative manipulation by the bears,
and they have been aided by certain state.
mcnts OF the Nandcrbits, which have been
construed to mean, whether correctly or not,
that he is . bcnr on tho stnntion II Is also
asserted that lac aud his following have sold
largely their holdings of stocks In different
Vanderbilt roads.
The affairs oi the trunk lines are in q much
involved condition. West shore has set the
example of reducing rates to minimum aud
these cuts have been necessarily met to u great
| extent by other lines. This has been the most
| important factor In the situation, causing mis-
L ~
Jersey Central was exceptionally strong At
/ times and on Friday exceptionally weak aud
all this Is attributed TO u pussibl q effort to
/ secure control by the Baltimore and ohio, the
/ Pennsylvania railroad, Or the Philadelphia
| and Reading In case the latter Is Obliged 10
! give up Its lease by inability to pay the large
| rental.
Rumors have been active during the week
that Jay Gonld and his associates contemplate
| securing control ofthe West shore. Lake shore,
and Oregon Navigation, which, with the con:
troll OF the Wabash and Union Pacific, would
| give them u continuous line from ocean Ia
ocean And II Is further stntcd that i'm.
portant developments In connection with the
railroad war may soon be expected.
Tho cotton market during the past week has
been only moderately active. aud, although
showing some variablcness IN tone aud prices,
there is III the aggregate further depression
and decline.
the purchase of stocks last night, and Morgan
! said ~. Paul was good buy at about ~.
Some OF the largest stockholders of ~ Paul,
who pay close attention to the earnings, sny
TINT the net earnings Of the St Paul company
will be relatively larger than those of last ycat
By nearly 81, 100000.
The bears on Western Union declare that
Aston has sold all his holdings-about 2O,OJ-
shares.
In stock circles last night betting was 1000
TO eOJ In favor of Blaine ON the general result,
but II wa 1000 TO 500 i'll favor of Cleveland
carrying New York state. good many
Blaine men think New York can be lost and
still elect the Blaine ticket.
The Philadelphia Press says 1t Is doubtful Il
the interest on the Jersey Central bonded debt
due Nov, !, will be paid. There is story cur
rent that WocrishOlGr Is short 2,5gO,U0 bnr
rc.s of oil, md that he and Smith have bcci
twisted. Foreign bankers look for lower Ster
ling exchange by next weeks opening, but
think it is near the bottom,
The new York Central railroad compan!
has reduced the passenger fare on the Auburn
road to cent mile. There Is no competition
on this division.
The market opened to-day with fractional
advances for NAndcrbilts, Conlcrs, aud -
PAU, but the trading was extremely dull
only 5000 shares were dealt i'll up 10 noon
when prices showed losses of u 10 "A iron
opening rates. Canada southern sold 40
shares during the mOrning-opcning nt 30, de
! clining to 2sI1, and reacting TO 29l4. This wa
the only feature.
} During the afternoon the dizziness was II
, tensiled Politics and incidental wager
J thereon furnished the excitement in the boart
, Prices slowly declined on inircqucnt sales |
n few spccinlties and the closing showed 4
average decline OF y on the days trading |
stocks. The tone aL the closing was fGirl
strong. Bonds inactive ana nnchanget
Sterling exchange unchanged, Money oil
| lIa Closing rntc |.
BANK STATEMENT.
Reserve increase.
Loans decrease ~
specie increase. ,uio'ut
legal tender decrease, "
deposit lucrensc ~
Circulation Increase y
Quotations OF Saturdays Stock sales.
The following have been furnished ny bat
man d Co., bankers, IAN street. beng III
4 most active stocks in the New York exchange;
0 opo. Hi1s. Lou. Csr. "a!
, New York Central s7as s7as SGi. saia .....
Michigan CenIral-... 5il, 81 jila OH ....,,
3 Lake ShOre............ Gliil ,Hrs 6is t.Ji. ~
II Canada SOuthcrn.-... 80 - Isl, ~ -
3 Chicago e n. W...... ssh sj1s siL si7s IT,
. &, NJ. n O.-............. 2Sll ,,... .,,., ~
Y &. NJ. ~ o. prcf........ 80, ,..,,, . 50 49,
C., NJ & II. i ...!...... ia liza III, 73s, III
. {. u. ~ Q":.".-.,,.... lis llsi4 lisls ..... .,
Il Pacific MhiL...,........ 90 HJi7. 5lii 6ll,
v | Western union....... 5.lss 59S, 5s7, 5ls. 100