National Republican. (Washington City (D.C.)) 1872-1888, 1884-09-01
THE MARK ETs.
Goneral Review OF last Weeks work-The
Current Of Feeling Bearlsh-sAturday'
Transactions.

Goneral Review OF, last Weeks work-The
Current OF Feeling Saturdays
Transactions.
NEW York, Aug. SO.--No progress was malo
during the past week In speculation, the range
of value having declined somewhat. Holders
OF securities, however, still have the market
in control When they will, 1t rises when
they Will II falls; thus luctuating most tempt
ingly, but apparently without much effect so
far as inducing purchasers Is concerned. The
tendency among outsiders is 70 sell ratherthan
to buy. Even London has been returning some
oil Its late takings. And yet those who have
engineered this advance show no disposition
20 lot go, stlll seemingly believing in a good
made safe
Amer the extraordinary rise in prices during
July and the first part OF August Il reaction
WIS ,s quite generally spoken of. This reaction
uld not come as soon MS expected, but this
week IL has been sharp and taking Union
| down toiJN on Friday against 571f as the best
price reached on Friday week ago This, no
doubt, is largely due TO the clique influence,
when ran the stock up: but aside from this, II
! evident that the current OF feeling has been
| bcariBh all round.
The situation among tho coal roads, tho
trunk lines and the roads west from Chicago
| IL decidedly unpromising
The coal companies must yet curtail their
production TO maintain prices Of coal and the
| year, at best will be Improbable; on the other
hand, IL will be well to watch for the time
when prices have declined far enough to meet
oil demands of the unfnvorablc outlook for Il
IL 70 be remembered that money is abundant,
ana there are no elements to produce distress
or cause stocks TO 20 down again to panic
prices
Railroad bonds have been less active at de.
Ginning prices. The speculative issues have fol.
lowed inc tendency Of the stock market, and
IRE seconds sold on Friday at 60, West Shore
| dropped 10 ll19, There are many bonds sell.
Ing now at low prices, including tho issues of
| embarrassed companies, and there IL oppor-
! unity for buyers 20 exercise n wide discretion
| ana judgment rs to the future, which may re-
suit In giving them large profits II they select
bonds which happen to advance In the next
| few months.
The stock market to-day has been dull and
| strong. At the opening there was an advance
OF e TO 2 per cent, the trunk lines being most
| conspicuous in the rise, on the Official denial
OF the report that the Grand Trunk had with
drawn from tho trunk lines pool. Louisville
and Nashville was raided down from 80 to 291l
on unfayorable reports concerning the com
pany The other active shares fell OF u to II
per cent; In sympathy. Later on the market
hardened, and the bears, becoming alarmed
az the strength exhibited attempted TO cover
This resulted In a steady advance throughout
the entire list with Union Pacific as the special
feature. This stock moved up from AK toi9H
and closed at the highest figure. The advance
IN the other active shares ranged from Il to
~ per cent. The rise was due to favorable
crop reports, which brought In orders for the
long account Tho foreign bankers were also
buyers OF the general list for European &C.
count. As compared with last nights closing,
prices are 4 to ~ per cent higher except for
lower.
The Woerishoc1er party sold stocks yester-
day and freely predicted lower prices.
Several conservative and prominent stock
houses express the opinion that indications
l 10 InV In TOR htffl.a BOT
again next week and that stocN are very
near bottom for the time being. SONIC further
slight bear hammering might be in oSdcr. but
nsy f d sSSs ofkn a snd tRat
Is short Of a very heavy line of stocks. W6>ris
hoefier doubts Is Smith is short to any extci$
as he covered extensively on Friday. Woeris
hoefier was mainly bcarish on the Wander.
bilts, which he believed were still sold and
borrowed by the Vanderbilt people. The
Gould people take an entirely different view
and say the Vanderbilt, people are buying in
stead of selling and are bullish on the market
and would like to twist II. N Smith.
The Gould people say the lowest prices for
stocks were made yesterday that will be seer
again for q long time.
The Union Pacific pool continues very bull
ish on Union Pacific, and think dividendsw will
soon be resumed.
Gould has given up his proposed yacht trip
TO New England for the present. Connor de.
MES that q quantity of Gould stocks were
thrown out of loans this week by the banks,
and they arc borrowing on them at fair rates
The crop reports from the west Saturday
morning are generally favorable.
Talmadge, OF Milwaukee, telegraphs that
crops this season are the Target yet.
In the northwest, Iowa loads In tho promise
Of very large crops.
AChicago dispatch says: A good nuthorit,
says that the Grand Trunk has notified Fini
ofits withdrawal from the east bound pool TIT
eastern roads expect a cut in provision rates
1t Is generally admitted that war must breal
out between the roads.
Louisville and Nashville sold down by tn
exchange place bears on large payments fall
ing due; also on reports of n new and unsatis
factory financial plan proposed.
| The sales of stocks for the week were ], SS7,
$50 shares, an increase of l65,3l9 as compared
| with the previous week.
.Thelexports OF specie from the port OF New
York for the week ended to-day We're S23s los
making total since Jan. l of Sl6, 3l3, IS
against o, ll0,2Io for the same time last year.
Quotations of Saturdays Stock Sales.
I The following have beon furnished by Bate.
man q Co., bankers, lAll + street, being the