National Republican., 1884-06-30
THE MARKErs.
7Io'A' Srengthenlns and BuysrsiIncreayinr
NUMBER and Conldoncc-A Review OF.
US ba'lne's Of the Weck--rhe Geueral.Out.
lo'k Not Cheering.
THE WEEK.
Nr.nLnL nL-n..L.L

THE WEEK.
Specia, DipQict
NEW YORK, June 2S.-The value Of q gccnrity &
apparently little to do just now with Wall
sfte' fluctuations
o,..i. ,.,. ha. been week Of general
| F'ce' III many cases quotations dropping
,ngn lower than during the panic, and yet
s-g'y mas becnliterllly nothiDgncw developed
u'octlng thcrcal worth orthc chiefly
| oppressed
/ lne street supply Of certain important Sc.
vl0ucs is constantly being added to, although
sew nrc sim scarce.
| ,Io. rne week has gnCn prolific IN upfounded
| tSD" autcting the credit Of many of the
/ Nlsi certain banking houses. aud purneothor
j rms The stock market during the past
4 NgA mas been fill OF sensations md without
i a.! present or impending disaster. Such
4 t,,tiNVie's ron mere liquidation and bear at
| ~, mas not huen sccu hBlOrr
i u lhore was one quarter Of the vitality be.
n lnu certain stocks which exists Ia ordluury
| iHes might Dc thought that the present
.,V0id condition would place the shorts IN
/ Iu,t dangerous position whore prices might
| i.!NhlgI up 10 or 20 points In d day or two,
| Nus II !, there Is little use ia predicting any.
lllhg about the course of prices since the
!aulg who In times past have usually sup
IHNi their respective stocks now GENERALLY
| tNNlOn lhuu. The only stocks reCoutly sup.
,Hyd have teen the two could spccialtics--
lArklWnuua
Among the weakest stocks hnvc hocn the
'.HdNfbilt,, which have declined since the
| EMlAnmll statement issued on Wednesday,
W reduction Of the Lake Shore quarterly
Whgud " ~ per cent and the passing OF
,ae dividends on Michigan Central aud
hrads southern
lnthc Could stocks un the attention is con.
''l.fWed on tho two above named and the
T arg allowed 70 go where they viii
me Northern Pacific. have been sold down
aAl'e rumur Of financial wants, and prob
toy on the report Of the senate committee
iNUflng the cancellation Of the land grant On
'hEe lines not yet constructed.
Lilc hno been weak on attacks nude in the
Llqon newspapers and consequent sales for
london account
Central Pacific was knocked OIL hv reports
4 Nll ron California, apparently false, and
Ani i9r the purpose Of damaging the company.
Nl'Ipal bonds have not been specially aC.
NS but prices have geucrnlly been sliu
weaker tnau lusi reported.
g1ycrnment bUuds have been weak and
, | pnces shown gradual decline uuderth sharper
! g'mlhd Tor money ana the necessity Of rchllH
Mg on good securities,
There has bccu much varnblcucss In the
population for cotton for future delivery.
Inc stock market opened saturday higher
Adadyanccd right along I'LL closing whicl
wa, very strong and at best price, or the duN
lhc weakness III Uuiuu PuclhC Is largely du'
nhcc selling for Boston. Parties clnimtng tl
! nave inside Information say the company
tlTnings show continued large decreases.
BANK STATEMENT,
: The banks are now In u stronger position
. tun they have been for many months. ThCi
. weekly statement shows:
: JuHe 81. hne %.
:. loans. ...."......... s2g805270O S2B 800 40
Deposits ..........,... 2yJ6gS, 100 2S6 lla,N
s Circulation ...,........ 14,309iOD ll3si,V
& SFtle tle".....,,....,,.. 6l3io6OO 0oNlHN
Is Legal tCnders.....,... 2s,SG,0O0 2s,Sij,@
Ir TOtalrscryo......... sSD19lG0O SSl,G6l, ,2
Reserve rquired..... 7GlI,525 liAg'1'
It Excess ,,..,.........., lO,OD,Oj lj,l2liO-
; By AssocidiCd Pfcss.
~ NEW YoRK June gS.-Stocks opened lu
." aud higher, and In the first fifteen minutes Il
~ Gnsacs, there was an advance IN prices -
- | u per cent.
u AZ tho first call Union Pacific dovclopc
IN weakness and fell OIL under large sales To ~
n Central pOciic broke 2to3, but the other aCtiN
h .hatcs declined only y to u per cent Abni
~ i o'clock there was u complete change for q
~ better aud ull the leading stocks were In bris
W demand for the bull account und 10 coycrsho
accounts. Tho causes which contributed
The Improvement wCru numerous, Chicl anon
them being the announcement from l.ivcrpO
l. That sJDUD gold had been shipped nom IN
q port to New York; thut Mr.. Vanderbilt ha
y been large buyer Of some Of his stock
notably Lake Shore; the official nnounc
ri mCnt that the Union Pacific company would
10 usual pay Its July interest, and the hvornb
:. bank statement, which showed an increase
surplus reserve Of S3,lO7,6,hjO, bringing Il
total surplus up TO Sl3ll0d2j, nothwithstnu
Dr Ing the banks lent more freely during u
past week. Some OF the active room trade
of turned from bear TO bull and this W
y, not without is influence on price
q. The improvement In prices ranged from
Jl- per cent. The market closed ut or ne
mr. the highest point Of the day,
or The sales Of stock to-day aggregated ili
N. shares including the following; CchvI
NJ hcilic, 1900. Delaware, Lncl;nwannn ul
NJ Western D. 40; Erie, 7,N'H; KausasHnd TcNl
~, 1850. Lake Shore, J,G20; Missouri Pacli
~ w. 81: Northwest, $3.50; New York Ccntr'
,v lOJS; Northern Pacific, 1900; Pacific, Ma
y 1920. 81. Paul, Gt72l; Texas Pacific, ~
an Union Pacific 1850; Union Pacific, Us
- Western Union, ilGii; Northern Pacific, y
ierrcd l5ftG: Oregon Trun>cOntncutul, A,6
Chicago Burlington and Quincy, Also.
a a. The sales OF stocks for the week were 2,1S
"a "a S1i shares, an Increase Of GlllOj us cOmpar
40 with last week.