National Republican. (Washington City (D.C.)) 1872-1888, 1884-07-28
TIE MARKETS.
A Revival Of Activity on wnll strcet-Stocks
Higher and In Better Deiaand-Gopld's
Fine Italian Hand Again Manifest-Divi'
dends, looms, and Othor MopcY Talk.
ron THE WEEK.


Fine italian Hand Again Manifcst-Diyi'
dCnds, Loans, and Other Money Talk.
FOR THE WEEK
Specid, Dispatch
NEW YORK, July 26-During the past week
Wall street has shown more lively condition,
aud values of all properties have improved.
1t is believed that the market received It's I'M
potus from the ovcrsold condition Of many
properties and tho engineering Of holders OF
stocks TO secure u market for selling
The stock market on Friday closed nj tho
highest prices made since the depression Of
Juno.
There arc NIL sorts Of rumors us 70 pools in
certain stocks, the buying Of leading opera
tors &c, but most Of thom nrc either untrue or
exaggerated ST. Paul has probably been
stock was below 60; Union Pacific Is also said
TO be purchased heavily for pool account
although IN both these stocks the low prices
reached invited general buying. The 81.
Paul earnings from week y week arr now
| running ahead Of last year and In addition to
| THIS the stock Will have dividend OF ~ per
| cent. due IN October, which Is now moro than
! half accrued; Union Pacific will henceiorth
| probably make better comparison with net |
earnings Central Pacific directors have for
| mally passcdthc August dividend, and Issued a |
statement OF six months income. Tho stocks OF
| railroads In the west and northwest arc hang |
Ing on the crop prospects which are now re- |
/
The coal stocks urc flrmcr. and there Is yc, |
| no report OF any stoppugc of mining In August |
which Is considered favorable, for Reading
| particularly,
The minor Gould stocks, such as Missouri
Pacific, Kansas and Texas and Texas Pacific,
hnvc been among the nctlyo spCcialtlCs during
the week, and advanced sharply.
Texas Pacific has issued lis Plan for funding
coupons IN part and raising money for cNpcil.
diturcs ON capital account by issuing second
mortgage bonds.
but there is yet good demand for borrowing
certain stocks. The market wound up at the
close Of the week very buoyant and active, the
whole list boiling strong aud at or near the
highest prices recently made. Railroad bonds
In sympathy with stocks, have been much
stronger as rule; Erie seconds, Texas Pacific
Rios, Denver ind Rio GrandC consols, West
Shores &c, have all been dealt IN fairly and
most OF the bonds of this class show O tendency
toward higher prices. There is also better
demand for bonds in small lots on legitimate
Investment orders.
Tho cotton market has been irregular and
unsettled, and the speculation has been conf
paratiyely slow. Foreign markets have tluc.
tuatcd aud the weather reports In some cases
were unfavorably construed.
: saturdays REVIEW
said that Gould bad been n large buyer of
Union Pacific, and 1t IL reported that he is
largely interested IN ST. Paul, but this Is not
! generally credited. Tie opinion II expressed
that II Is not unlikely that TO aid the advance
In his own properties he may have become In
II is reported that the Chicago and North.
, western railroad has authorized the issue of
, s6,OOo,O00 of per cent. debenturo bonds to run
twenty-five years from July I, 1881 little
: acquisition of the Blair system Of roads. The
fact that the other si0OO,000 were authorized
is u secret that has. been well kept The com
: pany's officials refuse to speak on this point
4 but II Is assumed that the proceeds OF the
= SiOOO,OOO are TO be used for bcttcrlncnts and
9 further extensions OF the line. Some ofthesc
VI hnn1g mn In and nj nr ,sarn
offered to u leading life Insurance company at
u price which was considered too high.
The bullsrcmain masters ofthe stock market
: The opening to-day was fevcrlsh and ragged,
but prices soon improved, and up to O'Clock
there was q steady advance. AMER 2:l5 the
market sold Off nearly per cont, but from $50
the tone was very strong. Northwest was rs.
pecially active, and led tho advances Mt clos
ing hour
Bonds active and higher. Erie seconds
gained 2pcr cent. on the Day, Exchange dull
$3.50; money hardening. Closed IL per cent.
Chicago special says I'm Wakefield Clay
county Kan, thousands Of acres of wheat ar,
In shock; thrcshng machines are running al
the time; farmers will sell at carly date part Of
wheat. Wheat dull and weaker; very little
doing. Corn shade easier. Market opened
tame; trading small"
BANK STATEMENT.
! Reserve increase. 800 IN
Loans increase, l5j,50
Specic increase. '.''"..''''''''''.''''." 2Uo, ~
Legal tender increase. 3o6, 10
deposit incrchse.".. IoN,lO
Circulation decrease. bl,1
Banks hold in excess Of limit, 3O,63s, 49,
ass,t,4.iii BB Associated Press.
NEW YORK, July 26.-The stock speculG
lation opened irregular, New York Contra
the decllhc IN the remainder of the list wa
insignificant, except IN Canada southern
, which first rose * toS7,S and then lost tn
- u sharp change for the better, and rs the da.
wore on the market became buoyant and OK
cited. The transactions were enormous, AM
blocks of tho leading shares were taken witt
confidence. The bears we're badly punished
. and II was currently reported that more thai
one Of their leaders had run, No such marke
has been seen for long time past, The feat
Grangors Nanderbilts, and LaCkawannl
nm Western Union was In brisk demand on report
~ that the .company's earnings were unprcct
dentedly large. Solncof the shorts attempted 4
cover, and this assisted the rise. Union Pacili
ia wns the special feature Of the day and cor
- trolled to u large extent the course of the ger
- large on the way up. The advance in price
ranged from l TO Ga per cent The leadin
- shares commanded Lei to, l.l6 per cent, Pc
ms diem for use. As compared with last night
,rs closing, prices are to per cent higher.
80 The sales OF stock for The week were 1887
Oh $50, an increase Of 1742S, as compared wit
those of the previous week.
The exports of specie from the port of Ne,
York for the week ended to-day were Sii7, ~
making total since Jan 1, of sll,6l3,0S'
against S,0Oi, 1888 for the same time last yea
. The imports were Si0S,SjI making u total
So, SD Il9, since Jan. /, against S77j7, 69l las
year.
The total sales OF stock to-day were i27il
including Delaware, Lackawanna and We
tern, 2l,59l; Erie, 1900; Kansas and Tcxa
m l2,7J0; Lake Shore, $4,000; Louisville an
l. Nashville, 500; Michigan Central, 1905
Missouri Pacific, l2,l25 Northwest, ii,2S
ic. New York Central, 1910 Northern Pacific, 5,3l
ins Pacific Mail, $500; Reading, 1900; st. Pau
nj 7G,6iO; Texas Pacific, 100; Union Pacili
:. 63,sGO; Western Union, 52,307; Northern p
rs ciilc preferred, 23,77G Oregon Transcontncl
ny tai, 900
nj United States treasury balunces-Coin, 81 p
VA S7O,7g5; currency balance, s6,i05,5j0
,ia, Quotations OF Fridays Stock Sales.
,iy Tho following have been furnished by bat
Hsty man Il Co., bankers l4ll + street, being Il
iir most active stocks In the New York exchange
ODD.HiJh. LOlO. C1sD. Sal,
N. Y. Central...,.,..- i01la 10 l01A 80, ,...,
nat Michigan Central. &C ia 10 ~ H.
,oi- Lake Shore. .,...,,... 81 IS SOil S2lS E,G
pa- Canada Southern 37l1 3fla - 3Jl4 ..-,,
my C.&N W,"..,.... 9il lngH gJA ygA &c.,