National Republican., 1884-01-21
THE MARKETS.
II is Thought That Bottom Prices Have
Been Reached.
The Leoknwanmn Difficulty About Settled
Other Gossip.
THE SITUATION.
Nm.ain. uL.unL.L-

biiafll bttsi' H'
New YoRR, Jan. l0,-Ncarly all tho mar
kots have been considerably disturbed during
the past week. Owing to the rumors which
were circulated regarding the stability Of
unnamed banking houses, Wall street on
Wednesday seemed 60 be on tho verge Of u
panic. On Thursday, however, tho weaker
holders having been sold out, better feeling
prevailed, and on Friday the condition con.
tinuod TO improve an outcome of the AMIGA
bic settlement of the trunk limo pooling ar
rangcments.
The principal features Of tho week were
the appointment Of D receiver for tho North
River Construction company and the Gprlica-
tion for receiver for the Ontario and West
ern Railroad com papy, one OF the main pro-
motsrs of the West Shore enterprise. 1t is
stated that in tho case Of other corporations
whose stocks arc largely dealt in on the stock
exchange for the past year applications for
receivers have been made.
a number of failures OF grain speculators
both in New York aud the west are to DO
noted, probably resulting from decreased eX-
ports aud decline in prices of grain OF lato.
All Of these circumstances have tended to
demoralizo and dcprCsS tho stock and bond
market, and large number of those sCCuri-
ties havo reached lower figure during the
past week than ever before.
The market for sterling has been
very much unsettled during tho week,
owing, in part, TO tho iluctuating dc.
mands for bunkors' bills rs usual at the
time of annual settlements, and particularly
by the scarcity OF commercial bills, as " re-
suit of diminished exports of broadstuiis and
provisions In the last month.
United States bonds were strong and prices
,IN Ia A hntuev ft1lty Inlf "a MOI
higher than last week.
The same depressing influences that nf-
feCted the stock market also affected the
market for railroad bonds, aud q decline in
the latter was almost continuous from Nom
day until Thursday, and up to tho
close of the week there has been no
decided recovery in prices, owing appar-
emily TO tho unsettled confidence
in those investments, caused by the develop
ments in connection with the West Shore
bonds, tho transactions in the latter having
been enormous, aggregating no less than
$GO,O0000O.
Railroad stocks were depressed nearly all
the week, financial un8oundness in various
corporations being the principal cause in
connection with the unsettled state of affairs
in the different railroad pools. These cir
cumstanCes caused steady decline in prices
until Thursday, whom turn for tho better
was maGe by the statement that the Delaware,
I4aCkaWulnd, anu NcSJcln uuu UBrCSu 10
submit all differences to arbitration. The
Gould spccialties have been persistontiy
pounded down by the bears, and, next to tho
Oregon stocks. have declined the most. Pull
man palace car stock has also been feature
OF the week. Large sales have boon made,
aud the price has declined Illinois Central
advanced q per cent. under tho declaration
of an extra dividend of 2 per cent.
Cotton speculation for future delivery has
taken slight downward turn. Tho market
closed quiet and uominally unchanged ut TO-
IL, l6 for middling uplands.
Flour has been dull and moro or less do
pressed on account ofthe decline in wheat.
SATURDAYS REVIEW.
The market Saturday was dull after the
first hour when attacks wGro made on West
crn Union which resisted under sustaining
orders and the price seemed to be pegged at
72A. Bear attacks were made in themorning
on Louisville and Nashville and Denver sold
down to 20 on sales OF 300 shares. About I
p.' IN! Osborn brokers sold st. Paul freely
causing decline OF per cent. The bears
gave out points to sell Northern Pacific
preferred yesterday, and tho stock had
sharpest decline. Some business in Lake
Shore and Missouri Pacific, but tho rest of
the market WAS very dull. West Shores
opened at SO z, but have beon strong ut about
SO on sales Of about 100000.
The market closed weak, with pressure to
sell Louisville and Nashville, Ontario, and
ST. Paul.
Stock were in good demand in loan room.
Gen. Porter says West Shores trunk line
percentage is II per cent, with lacSawanna
in 10 per cent. Lson. Winslow will probably
be president of the West Shore. Ten thou.
sand shares Lake Shore were bought by Hol
lins S Co. and taken out OF the market
BANK STATEMENT.
Loans iuCrcHse...... ....................S s. GSgGO
Legal tender CIcuse.................... 2,G6iUO
DGiOsll lntlGNhe. iJ.IUO
hCsgfNC lhCIeuSs OlJ2iUJ
STOCKS.
The following arc the opening, highest
lowest, and closing prices Of the principa
stocks for the day, as corrected by special wr,
reports received by Bateman " Co., bankers
No. llll + street northwest: