National Republican. (Washington City (D.C.)) 1872-1888, 1884-03-17
THE MARKETS.
A Decided Improvement in the General Feeling
During the Past Week.
The supply or "Long" Stock Sufficient
60 Relieve the Bears.
WEEKLY REVIEW.
!cDecidt pisDnicn.

week there has been decided improvement
in the general feeling pervading oil our mar
kets. This is the result mainly Of tho turn
in foreign exchange (due to easier rates for
money in London), by which gold exports
have been checked and the anxiety with ro-
gard to tho silver question been relieved
The course of tho stock market during the
week has also been quieting influence
which, though artifcially sustained, affords
certain rest from that feeling Of insecurity
which the constant successful attacks on
prices had made SO prominent feature in
the general situation.
In the railroad bond market there was
only a moderate volume Of business. Prices
have been firm, however, and here were more
indications Of legitimate investment for
the better class Of bonds than of speculation
in the cheaper class. Tho railroad stool;
market was adversely affected during the
early part Of the week by the exports of spe-
Gle the previous week and the expectation
that they would be large again before the
close of the week Tho old rumors Of trouble
in the trunk line pools were also revived. On
Wednesday New York Central became fea-
ture owing to the scarcity of the stock Incl
dent to the maturity of large amount OF
seller so.
The result for the week is generally higher
prices than at the close of the previous week,
y
holders Of stocks which may be cornered are
disposed to sell or loan their properties when
ever n special rise in values occurs, and the
supply of "long" stock brought out in this
way has thus fur proved sufficient to relieve
the bears without their being compelled to
take much stock from the cliques. Whenever
the market loses the stimulating effect of
manipulation it lapses into dullness.
In tho cotton market speculation for future
delivery has been the distinguishing feature
during tho past week, and thore has been u
decided improvement in values rs vol as u
moro confident tone, and toward the close
there was material increase in the volume
ofbusiness, especially for the summer mon this.
Cotton on tho spot was very dull, until the
latter part of tho week, when there was q
ing.
Wheat. following the lead of tho Chicago
market, has advanced, mainly because of tho
covering Of shorts both here and at the west,
owing to the unfavorable weather reports
from the northwest. These reports have not
been verified and prices for the past few days
have been slowly declining.
Corn has been more active, at some adj
vance. The government estimate of the
crop has been reduced, and there is now said
10 be "a much smaller quantity in the hands
of farmers than was ut one time supposed.
An intimate friend of Vanderbilt said last
night that the grain rates would be advanced
10 % cents per 100 pounds as soon as the
clearing house scheme is perfected.
Good bull points are current on Texas
Pacific. The report that Northwest people
are willing to accept the percentage given by
arbitration is generally credited. The Os-
born party, however, are confident no settlo-
ment would be made. Houses which sold the
market heavily Thursday afternoon were
buying back the stocks yesterday afternoon.
The break in Erie is based on the unfavor-
able figures of the December statement. Pull
man books open to-day. New York Central
books close to-day.
A Chicago dispatch says: ''Wheat and flour
exhibit much stronger feeling, and if this
continues higher prices are certain, as the
market is very short, corn shipments in
creasing, and higher market expected at the
opening. Provisions stronger, and some lard
said to have been taken for export
The Fries statement for December shows
an increase in gross earnings of S132, 1914; in
expenses of $3a7, $50, and decrease in net earn.
ings of S215, 1856.
Very favorable news regarding the north
west and granger roads now are current IN
the stock exchange.
The Financial Chronicle calls attention to an
apparent inconsistency fact, that, while
IaCkawanna earned Id per cent. on its stock
last year, it has been thought necessary just
now to reduce the wages of miners 10 cents Q
car. 1t also suggests that tho report that the
trunk line arbitrator had awarded Lacka.
wanna ii per cent. of the pooled west bound
u
OF the new law furnishing discrimination o.
false reports to influence the value Of stocks
The Chicago Tribune says Gould will pLo
prose the absolute sale to the Iron Mountain
of all the property represented by securities
pledged in the collateral trust. This will bC
at the Wabash special meeting, March %.
Several houses are sending non-voting GER
tificates of Erie to the transfer office to be
transferred into voting stock.
Trading in West Shore bonds is lively
Edward Brandon bought 100000 at 80, anG
Slayback, Louis Bell and Elliott were buyers
Bogert sold $4,000 at 81. Up to IL o'clocl
over 81. 100000 had been dealt in.
1t is stated that West Shore has arranged
terminal loan for year and half
The Chicago Times this morning has crol
news from Illinois and Kansas, reporting
wheat in good condition.
Mr. w. l.. Bull will be the chairman of thu
stock exchange committee to consider tn
silver question.
Four millions of West Shore bonds wer
sold up TO ] o'clock.
Sales of stocks to-day aggregated 202, 80
shares, including the following: Central Pa
citc, 1875; Delaware, Lackawanna and West
ern, 10000; Erie, 1884 Kansas and Texas
1870; Lake Shore 5,400 Northwestern $3.50
New York Central, regular 5000; Pacific Mai
1900; st. Paul, 40,200 Texas Pacific, 5,0OC
Union Pacific 14,6O0.
STOCKS.
Following are opening and closing prices o
principal stocks, as corrected by special wir
reports received by Bateman & Co., bankers
No. 14ll Il street northwest
onsnmo. Co'nG
Delaware and Hudson."....,.,",.,',.,... 1854 10S
Western Union.o,,-..,, Tbas 10
central Pacific D1lLa Oh
New York 1lNl2 JIG
"a II
Michigan IcnlrAl VI
Louisville and NnshVllleo,,,,,.,,,,,,,r,..,i ass ~
Chicago and Northwestern ,,,.,.."...." 1855 liz
Union paCltlC rs m
Chicago, Milwaukee, and st, PAuLnn.. O2as 81
Wabash -. Louis and Pacific .,,,,,.,., 1914 Is
Wabash ST. Louis and Pacific pref. 20 2B
Missouri OH 81
Denver and Rio Grunde. .,,,...,",.,,,,,,. 1874 Is
Delaware LnCkAwHnna ana western, LISA 12S
Philadelphia aud ReAdlng,,",,,,u,,,,",,,. OSll bS
Northern Pacific preferred ,....,.,. li's 40
Chicago, -, Paul, NJ. and o. preE..""" H3A n3
Canada SOuthern..",.,.",,,.r.." Dl Do
Texas lNls ~