National Republican. (Washington City (D.C.)) 1872-1888, 1884-01-14
THE MARKETS.
The Bears Represented as Being Willing But
Afraid 10 Take Hold.
stocks Said TO be in the Possession OF
Strong Men.
THE SITUATION.
icDeCidl DfsDdtCh.

OI bnb now JtdE butIb udS bGOh u lCeS NUM-
Der Of failures than had been looked for, and
business, though quiet is progressing fairly
we'll Still, throughout the country, indica-
tions point to impeded activities and sharp
economies, and smaller volume Of traffic
may be expected in the months to come. In
Wall street disposition has manifested it.
self on the part Of operators for q rise, to
break away from all uncertain and uniavor-
able environments, both commercial and
financial, and put up prices. The bears are
in very nervous aud timid condition. and
they are in constant fear of "twist." They
have made very little money Of late, outside
of the fall in tho Willard stocks, and they
make break to cover almost as fast as
fresh lines are put out. The fact is
there is an oversold market, and the stocks
are in the hands of strong holders.
Tho railroad stock market has been af-
fected by the unsatisfactory state Of affairs in
the various POOLS falling Off in the earnings
of the roads in tho northwest during the first
week in January and the break in West
Shore bonds. Tho decline in West Shores is
explained on tho ground that the cost of the
road greatly exceeded the estimates and the
North River Construction company became
embarrassed to such an extent as to be una
bio to make further advances. An attempt
was made by the company to realize upon its
holding of bonds and stocks which 1t had re-
ceived from time to time, and there being no
market for anything except tho bonds-the
stock not having been listed-these were
pressed for sale.
The market, as q whole during the entire
week has been very dull, although there was no
general decline in prices On the contrary,
u large number Of stocks show fractional
gains as compared with the previous week,
Union Pacific, Michigan Central Central
Pacific, and Jersey Central leading in the
advance. Ontario and Western dropped ~
per cent. on account Of its connection with
the West Shore. During the first part of tho
week the market for railroad bonds in gen.
eral was strong, and the tendency indicated
an increased activity and better prices Tho
large sales of West Shores on Wednesday,
however, slightly affected the rest OF the
bond market; still, the most Of the leading
issues show small fractional gains, notwlth-
standing the small volume of business during
the last two days of the week. The market
for state bonds during tho past week was ex-
tremely low.
Government bonds were stronger, and on
Friday the As were to higher than on tho
same day the previous week.
In the cotton market speculation for future
delivery at New York has been dull and de-
pressed during the week. The crop move
ment was very small, both at the ports and
interior towns Of the south, probably on ac-
count Of the severe weather that has pre-
vailed of late There has been consider
able reduction of stocks, exports having been
well kept up. Foreign prices have not de-
clined, and most southern markets have
tended upward. Cotton on the spot has been
quiet all the week.
The sale for flour has been very slow, the
supply being large prices have declined.
To-, Il vnnla ,nwlrA - h,.as
somewhat more active. The most staple cot
ton goods were in better demand by local and
out Of town jobbers, and a few large sales
were made to exporters, but domestic woolens
were very quiet.
SATURDAYS REVIEW, ,-o lqu,Nisa
The market to-day opened with weakness
In West Shores, which under free selling de-
clined to 574, and the big failures in grain.
also the railroad rate war west went toward
weakening the. market. The bears raded
every soft spot in the market, which soon re-
lapsed into tho usual Saturday dullness.
Later in the day the reaction was sharp on a
report that the Chicago, Burlington and
Quincy had appointed committee to treat
with the contending roads in the interest of
harmony. Union Pacific was again the
feature of the trading, closing very strong at
774.
This mornings kilograms report new
Missouri river pool found and peace reigns.
The Central Pacific Union Pacific, Chicago,
Burlington and Quincy, and Missouri River
and Denver, and the Atchison agreed to re-
store rates next Monday.
The feeling on Lackawanna was bearish.
A Philadelphia dispatch states that the short
interest in Jersey Central here is estimated
from $4,000 to 100000 shares. Balance of cap
ital stock largely held by Vanderbilt, Garrett,
Knight, Lippincott, and other wealthy par
ties for investment.
The attack on Pullman stock, made this
morning, has been promised openly for over
three days, and the raiders took advantage of
Pullman's being en- route between New York
Chicago. He will BIO in New York Monday.
A Chicago special says that the war between
Union Pacific and Denver and Western, on
business from Missouri river to Utah, is ended.
The rate has been % cents per hundred. A
gross pool was made yesterday. Rates will be
advanced Jan. Is to SO per hundred for first
class and 70 cents per hundred for special
classes.
Sales to-day aggregated 234,9Ol shares in
Guiding Delaware, Lackawanna and Western,
$4,000; Erie, $500; Lake Shore, 10000; Louis
vile and Nashville, $4,000; Michigan Central
$780, Missouri Pacific, $500; Reading, 1000
st. Paul, 81, 100 Union Pacific, $4,000; West
ern Union, $500; Oregon Transcontinental
$4,000.
BANK STATEMENT.
Loans, decrease. Sli57Sol